Mining Articles

Davos - My Personal Experience of the $100,000 Event, $60 Burgers, Massive Inequality and the Blockchain Revolution

26 January, 2018 / GoldCore

- Davos elite hear warnings of complacency akin to 2007 as economic risks grow- Toxic mix of infallible belief, arrogance, megalomania and economic ignorance- Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions- Soros: Trump creating 'mafia state' & 'set on a course towards nuclear war' with N Korea- Bond bear market, rising interest rates and massi...Read More

#Gold and #silver both gained this week, while #copper was down; #oil continued on its upward trajectory:

Fri Jan 26 19:40:22 2018 / Staff reporter

Gold and silver both made gains this week, while copper continued downward. Oil maintained its climb toward $70 per barrel.Read full newsRead More

Watch now - stock picks and #gold price prediction from David Erfle of JuniorMinerJunky:

Fri Jan 26 18:30:05 2018 / Staff reporter

David Erfle of JuniorMinerJunky shares his stock picks, advice for investors and predictions for the gold price in this video interview.Read full newsRead More

RT @mining: Glencore in 'hiring frenzy' as it readies to restart Lady Loretta zinc mine

Fri Jan 26 18:25:25 2018 / MINING.com

Production at the Queensland-based operation was halted in 2015 because of falling zinc prices. Since then, prices for the metal have more than doubled.Read full newsRead More

RT @AmberMining: #Cobalt hits highest since July 2008, at $37.25/ in Europe, on concerns over a possible shortage

Fri Jan 26 18:25:04 2018 / Amber Mining

Prices of cobalt metal have climbed to their highest since July 2008 as worries about shortages were reinforced by output disruptions at the Ambatovy mine in Madagascar this month, European traders said.Read full newsRead More

Investor #Cash Just Hit An All Time Low | Zero Hedge

Fri Jan 26 18:00:18 2018 / Staff reporter

According to BofA, investor cash allocation has just dropped to a record low of just 10%, while investor equity exposure is rising at the fastest pace in 10 years as the euphoric buying euphoria forces everyone to go all in.Read full newsRead More

Is #Gold About To Break-Out? | Zero Hedge

Fri Jan 26 17:59:56 2018 / Staff reporter

Over the last five years the (negative) correlation between USDJPY and Gold has risen and risen to its highest on record - as USDJPY rises, gold sinks and vice versa... so why did today's Kuroda-driven crash in USDJPY not spark a precious metal bid?Read full newsRead More

FTSE 100 clocks up 50 point gain despite strength of sterling

17:14 26 Jan 2018 / Giles Gwinnett

FTSE 100 holding good gainsUS Q4 GDP misses forecasts UK growth stats beat estimatesBarclays and Lloyds up after Deutsche noteThe FTSE 100 closed adjacent to its intra-day high with a dozen of its constituents notching up gains in excess of two per cent.The FTSE 100 closed at 7,666, up 50 points, despite sterling rising once more against the dollar, which is regarded as bad news for the...Read More

FLSmidth and Goldcorp win mining award for co-developing solution to improve tailings management and increase water recovery

Jan. 26, 2018, 5:01 PM / FLSmidth

COPENHAGEN, DENMARK:FLSmidth and Goldcorp are the joint winners of the Mining Magazine Editor's Award 2017 for developing EcoTailsTM, a new mining system that improves tailings and waste rock disposal while recovering as much as 95% of the tailings waterFLSmidth and Goldcorp, one of the world's largest gold mining companies, have been named joint winners of Mining Magazine's annual Editor's Award...Read More

"Biggest Theft In Crypto History": Over $400MM Stolen From Hacked Japanese #Cryptocurrency Exchange | Zero Hedge

Fri Jan 26 15:38:10 2018 / Staff reporter

Coincheck told authorities that it had lost 500 million NEM cryptocurrency coins in today's cyberheist, which at the current exchange rate amounts to roughly $400 million!Read full newsRead More

Metallis Closes $2.18 Million Financing

Fri Jan 26 15:11:11 2018 / Metallis Resources

Metallis Resources Inc. (TSXV:MTS) ("Metallis" or the "Company") is pleased to announce that further to its news release dated January 5, 2018, the Company has closed its private placement (the "Private Placement") pursuant to which its issued 1,897,142 Units at a price of $1.15 per Unit for aggregate gross proceeds of $2,181,713.Read full newsRead More

Q4 #GDP Unexpectedly Misses, Rising Only 2.6% Dragged By Soaring Trade Deficit | Zero Hedge

Fri Jan 26 15:09:29 2018 / Staff reporter

Q4 GDP came in at 2.6%, missing expectations and below last quarter's 3.2% GDP print, and the lowest since the first quarter of 2017, largely as a result of a surging trade deficit in the fourth quarter.Read full newsRead More

Paternoster Resources hooks investors as it unveils bid to reduce costs

14:26 26 Jan 2018 / Giles Gwinnett

Natural resource investor Paternoster Resources plc (LON:PRS)  shares zipped up over 10% to 0.155p as it issued a strategic update.It reckons its corporate costs can be reduced, particularly in personnel and infrastructure, following its co-investment agreement with finance provider RiverFort Global Capital earlier this month."The board is focused on rapidly implementing the company's enhance...Read More

Summit Therapeutics hugely excited after big DMD 'breakthrough'

13:30 26 Jan 2018 / Andrew Scott

Glyn Edwards, chief executive of Summit Therapeutics PLC (LON:SUMM,NASDAQ:SMMT), adds a bit of extra detail to their announcement this week around the interim data for their treatment for Duchenne Muscular Dystrophy (DMD).The interim results for the PhaseOut study revealed a "statistically significant and meaningful" reduction in muscle damage in patients taking the company's treatment, ezutromid....Read More

Unilever among the quality blue chip updates scheduled, but Fed meeting and US jobs data more important

13:00 26 Jan 2018 / Jon Hopkins

The agenda for the coming week is fairly light on quantity but the quality is certainly improving, with updates due from blue chip stalwarts such as AstraZeneca PLC (LON:AZN), BT Group plc (LON:BT.A), Royal Dutch Shell PLC (LON:RDSA), and Unilever plc (LON:ULVR), plus a Federal Reserve meeting and the January US jobs report.As Unilever moves closer to establishing a single corporate structure as p...Read More

ReNeuron pleased to secure podium presentation for stroke data at US conference

12:48 26 Jan 2018 / Andrew Scott

Michael Hunt, CFO at ReNeuron Group Plc (LON:RENE) tells Proactive positive long-term data on their CTX cell therapy for stroke has been presented at the American Heart Association International Stroke Conference in Los Angeles.Professor Keith Muir, of the Queen Elizabeth University Hospital, Glasgow and Principal Investigator for ReNeuron's PISCES II study, told the audience that upper limb funct...Read More

A mini renaissance likely for London's coal companies

12:38 26 Jan 2018 / Christine Corrado

Mining Capital's Alastair Ford gives his take on coal and currency wars, specifically his analysis on how coal mining companies Minergy (MIN:BT) and Anglo Pacific Goup PLC (APF:LSE) are faring.Ford says there is an increasing demand on coal, and believes Minergy will be one of the few coal companies listed on AIM with significant prospects.Ford says Anglo Pacific Group is benefiting from...Read More

Best-performing battery metal of the past year isn't cobalt

Jan. 26, 2018, 12:24 PM / Bloomberg News

(Bloomberg) - A metal that's in demand for batteries is surging, and it's not the one everyone's talking about.Vanadium has soared more than 130 percent in the past year, outperforming better-known battery components like cobalt, lithium and nickel. It's an obscure metal, silvery-blue in color and named for Vanadis, the Nordic goddess of beauty.What's driving prices is tightening supply and stron...Read More

Zambia court dismisses First Quantum bid to stop $1.4bn lawsuit

Jan. 26, 2018, 12:01 PM / Reuters

LUSAKA, Jan 26 (Reuters) - A $1.4 billion lawsuit against Canada's First Quantum Minerals in Zambia will go ahead, a Zambian court ruled after dismissing the company's bid to stop the case.State-owned ZCCM-IH launched action in October 2016 to sue First Quantum for $1.4 billion over claims that the Canadian company borrowed $2.3 billion from its Zambian copper mining subsidiary Kansanshi Mining Pl...Read More

Mkango Resources in unique position after ?6mln funding boost

09:12 26 Jan 2018 / Andrew Scott

Will Dawes, chief executive of Mkango Resources Ltd. (LON:MKA) (TSX-V:MKA), tells Proactive's Andrew Scott that following recent shareholder and exchange approvals, investments totalling ?6mln (C$10.5mln) made by Talaxis Limited have been received by the rare earths explorer's subsidiaries.Talaxis has invested ?5mln (C$8.8mln) into Lancaster Exploration Limited - the subsidiary which holds the l...Read More

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