Carube Copper Corp. (TSXV:CUC) (the 'Company') announces today that the Company will settle certain indebtedness by issuing common shares at a deemed price of $0.06 per share in lieu of cash to Irwin Professional Corporation in the amount of $119,438 (1,990,634 shares); and, Alar Soever in the amount of $29,271 (487,854 shares).Read full newsRead More
Avrupa Minerals Ltd. (TSXV:AVU) is pleased to announce that the financing it has arranged to raise $500,000 by way of a private placement of 6.25 million units at $0.08 per unit is fully subscribed and will close shortly.Read full newsRead More
Granada Gold Mine Inc. (TSXV:GGM;OTCPK:GBBFF;FRA:B6D) provides a corporate update and review of plans for 2018 on the 100% owned Granada Gold Property situated along the prolific Cadillac Trend in Quebec, Canada.Read full newsRead More
Louis Coetzee, chief executive of Kibo Mining PLC (LON:KIBO) tells Proactive all is on track and good progress is being made towards finalising a Power Purchase Agreement (PPA) with Tanzania Electric Supply Company (TANESCO).''We've made some really good progress over the last two months, we signed the MoU which set everything in motion towards finalising the PPA .. we have a date set for th...Read More
BEIJING, March 16 (Reuters) - Chinese alumina refineries in Henan province may delay the restart of their plants because of rising costs for the raw material bauxite amid supply tightness, Antaike said on Friday.Alumina refineries and aluminium smelters in parts of China, including in Henan, cut production by 30 percent during the November to March heating season as part of a campaign against air...Read More
Mining Capital's Alastair Ford discusses International Relations with Russia ahead of Presidential elections."The Russian business climate itself in miserable statistical terms isn't too badly off but I think the sentiment - will investment dollars from the rest of the world be flowing into Russia at the moment - that seems unlikely."Ford also speaks about the changing US approach to Free Trade wi...Read More
Apollo Minerals' (ASX:AON) Hugo Schumann runs Proactive through the exploration and development plans for their flagship Couflens tungsten-copper-gold Project in the South of France.''There's two opportunities here - the first is to reopen the world's highest grade tungsten mine ... and the second opportunity is gold''.''We think there's a very exciting gold opportunity along big fault systems in...Read More
Jeff Stusek, chief executive of Information Services Corp (TSE:ISV), tells Proactive 2017 was a year of strong growth for the company - with increased revenue, EBITDA (underlying earnings) and net income.He says they made a number of significant acquisitions consistent with their strategy of acquiring companies with competencies or operations in its industry.In the year to end December, the firm p...Read More
Anglo Asian Mining Plc's (LON:AAZ) Bill Morgan and Steve Westhead discuss with Proactive their three-year rolling programme of geological exploration of near mine, brownfield and greenfield areas on its ground in Azerbaijan.The objectives of the programme are to replace mined ounces, extend the current mine life at the Gedabek project to a 10-year minimum, increase the company's inventory of resou...Read More
Interest rates will be front and centre in the coming week with both the Bank of England and the US Federal Reserve due to deliver their latest monetary policy decisions, though a crunch EU summit will also be eyed for any signs of a Brexit transition deal.There would be few surprised if the Fed announces a 0.25 percentage points increase in US interest rates to the 1.5%-1.75% range on Wednesday a...Read More
LONDON, March 16 (Reuters) - Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday.The mining group has tried to sell the division many times without success, including in 2017, when it added two alumina refineries in Australia to the portfolio to make...Read More
SANTIAGO, March 16 (Reuters) - Chile's new government is evaluating whether to support a petition filed by its predecessor to block the sale of a stake in top lithium miner SQM to a Chinese firm, a senior government official told Reuters on Friday.Chile development agency Corfo filed a complaint last week to block the sale of a 32 percent stake in SQM to China's Tianqi Lithium or any related entit...Read More
(Bloomberg) - The news, when it came late Friday night from a government ministry in Minsk, was grim: the ceiling of a potash mine in Belarus had collapsed more than half a kilometer underground, trapping two workers.Halfway around the world, the reaction to the headlines was swift and dramatic. Shares of some of the largest potash producers soared in New York and Toronto on speculation that the...Read More
Caterpillar will close two facilities and is contemplating the closure of its engine manufacturing plant in Illinois, which together could potentially result in about 880 job losses, a company spokeswoman told Reuters on Friday.The restructuring, announced over the past two months, is part of the heavy equipment maker's overall strategy to boost profitability and make itself better able to manage...Read More
Ontario is helping to improve the connectivity of residents and local businesses in Hearst by investing in enhanced access to high speed internet. With funding from the province's Northern Ontario Heritage Fund Corporation (NOHFC), the Hearst Wi-Fibe Corporation is installing a fiber optic network that will boost internet and broadband Ethernet speeds in the region. The improvements will include...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES NOW TRADES ON OTCQX RECEIVING FULL DTC ELIGIBILITYOn March 16 Bonterra Resources Inc.'s common shares will be trading in the United States on the OTCQX International, the highest tier of the OTC market, under the symbol BONXF. Bonterra's common shares continue to trade on the TSX Venture Exchange under the symbol BTR."Bonterra's expansion into the U.S. se...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, and its partner in Gahcho Ku?(C) mine, Mountain Province, are seeking to acquire a Canadian explorer and so expand their jointed operation in Canada's far north.Toronto-based Kennady Diamonds (TSX-V:KDI) owns the Kennady North project, located immediately adjacent to the De Beers/Mountain Province mine.If the proposed...Read More
Entrepreneur picked the brain of gold miner Parker Schnabel, who has learned a lot about success and risk taking while digging in the dirt.Read full newsRead More
YAKUTSK, Russia - A fortune in gold and other precious metals fell from the sky as a plane took off from Yakutsk, Russia Thursday, according to local reports.Officials believe the latch on a plane door carrying at least 9 tons of pricey cargo gave way, allowing some of the gold to tumble out of the An-12 aircraft, according to the Tass news agency. Roughly 3.4 tons were found scattered across the...Read More
A plane carrying tons of gold and silver scatters its cargo during and after takeoff from a Siberian airport.Read full newsRead More