Pallinghurst Resources's precious gemstones miner Gemfields is standing up to disturbing allegations of human rights abuses at the company's Montepuez ruby mine in Mozambique, and disclosed it's now target of a legal claim on behalf of 29 locals.The company, the world's top coloured gems producer, accounting for roughly a third of the global supply of emeralds and rubies, revealed that human right...Read More
Shares in Seabridge Gold (TSX:SEA) (NYSE:SA) were soaring in pre-market trade in New York after the Canadian company bulked up again its already massive KSM gold-copper-silver project in northern British Columbia in both size and grade.Before the opening, Seabridge stock was already exchanging hands at $10.40, up 4.8% on the New York Stock Exchange, after hiking its estimated inferred gold and c...Read More
Mining giant BHP (ASX, NYSE:BHP) (LON:BLT) is taking a $1.8 billion hit from the major US tax reform package supported by President Donald Trump and passed by the Senate in DecemberThe Anglo-Australian miner said the charge, which will be treated as an exceptional item, consists mainly of a non-cash charge on deferred taxes of $898 million and another charge on foreign tax credits of $834 million...Read More
Rio Tinto (LON:RIO) has become the sole owner of Pistol Bay Mining's. (TSX-V: PST) uranium assets in the Athabasca Basin of Saskatchewan, Canada, by making a final payment of $1 million in cash.With the acquisition, the world's second largest miner is materializing plans of grabbing those three assets, which are located close to Cameco's McArthur River mine - the world's largest producing uraniu...Read More
A Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) worker died on Monday night while clearing a blocked ore pass at the company's Driefontein gold operation in South Africa, less than a week after a fall of rocks at its Kloof mine killed two people.The precious metals miner said investigations into the latest incident by management together with the department of mineral resources (DMR) and other releva...Read More
https://uk.reuters.com/LONDON/BEIJING (Reuters) – The London Metal Exchange could remove companies from its list of approved metal suppliers if they fall short of industry standards following an outcry about cobalt mined by children in Africa, three sources said.The exchange will issue principles for responsible sourcing in coming months and producers will have to show their metal meets indu...Read More
Cartier Resources Inc. (TSX-V: ECR) is an exploration company, focused on discovery in the prolific Abitibi Gold Belt in Quebec. We learned from Mr. Philippe Cloutier, Director, President & Chief Executive Officer of Cartier Resources Inc. that they are focused on their flagship past-producing Chimo Mine Project, using 4 diamond drill rigs for their exploration campaign. They now have a solid trea...Read More
Published on: Feb 13, 2018 | by Meagan EvansNSL Consolidated Ltd (ASX:NSL) yesterday emerged from a trading halt, announcing that it had won a legal battle brought against it by Coal Hub Pty Ltd in August 2016.NSL is a dual bulk commodity company, with iron ore production in India and thermal coal exploration in Australia.On 9 February 2018, her Honour Justice Banks-Smith handed down her judgment....Read More
$34 billion.This is how much U.S. consumers spent on beer last year.That ain't chump change.But apparently, some of that market share is about to be taken over by the cannabis industry.According to analysts from Cowen and Co., the beer industry could soon lose more than $2 billion in retail sales to legal cannabis:While recreational cannabis has only limited availability, the rise of cannabis cons...Read More
In no way does this discussion minimize prejudice and racism others have and still face. Just because this article highlights an often overlooked type of prejudice does not mean we think other kinds don’t exist.We have discussed how the war on drugs was designed to empower the government to crack down on certain groups, black people included, without the policy having to be explicitly racist...Read More
In no way does this discussion minimize prejudice and racism others have and still face. Just because this article highlights an often overlooked type of prejudice does not mean we think other kinds don’t exist.We have discussed how the war on drugs was designed to empower the government to crack down on certain groups, black people included, without the policy having to be explicitly racist...Read More
Last week's other top-gaining mining stocks on the TSXV were Champion Bear Resources, Emgold Mining, Red Eagle Exploration and FPX Nickel.Read full newsRead More
CloseGain/LossGold $1321.30+$6.50Silver$16.52+$0.20XAU81.08+3.49%HUI180.45+3.38%GDM613.99+2.89%JSE Gold1118.34-13.55USD90.14-0.29Euro122.92+0.54Yen92.02-0.07Oil$59.29+$0.0910-Year2.857%+0.002T-Bond144.50+0.34375Dow24601.27+1.70%Nasdaq6981.96+1.56%S&P2656.00+1.39% The Metals: Gold gained $11.10 to $1325.90 in early Asian trade before it fell back to $1317.50 in London, but it then climbed t...Read More
Listen on BlogTalkRadioKerry Lutz of the Financial Survival Network (FSN) interviewed GoldCore's Mark O'Byrne about the outlook for crypto currencies, financial markets and precious metals.- Are bitcoin and crypto prices being manipulated like precious metals?- Is there a coordinated backlash against bitcoin from JPM and powerful interests?- 95% of cryptocurrencies and ICOs will likely go to zer...Read More
Last week's other top-gaining stocks on the TSX were Lithium Americas, Sierra Metals, Teranga Gold and Amerigo Resources.Read full newsRead More
The 2018 Olympic Winter Games have officially begun, and this year's event has an interesting connection to the mining industry.Read full newsRead More
Wishbone Gold PLC (LON:WSBN) shares jumped as it announced the first shipment of gold from Thailand through a recently formed entity.The first gold delivery was sent to Dubai last week by Asian Commerce and Commodities Trading Co Ltd, which was recently formed to expand Wishbone's presence in Asia.The entity is 51% owned by Wishbone's Thai local partner, who is connected to the ruling royal family...Read More
Macarthur Minerals Ltd (TSXV:MMS) (the "Company" or "Macarthur Minerals") will be applying to the TSX Venture Exchange for approval to extend the expiry date of 33,408,479 common share purchase warrants that were issued as part of a non-brokered private placement completed by the Company in July/August 2017.Read full newsRead More
China's Plunge Protection Team officially arrived over the weekend, urging controlling investors in listed companies to boost their holdings and telling some mutual funds to limit equity selling this week.Read full newsRead More
Retail investors just can't get enough of buying what institutions are selling to them...Read full newsRead More