Tin flows into the London Metal Exchange late in May and June are beginning to put pressure on tin premiums basis the regions we follow, with the US ingot premiums narrowing downward on Tuesday June 4. An additional influx to LME Baltimore warehouses pressured US premium down. European premiums hold with futures prices closer to today's. Chinese premiums extend lengthy flatline trend....Read More
Once every decade or so, the world goes through a collective freak-out about rare earths.The suite of 17 elements strung toward the bottom of the periodic table are notable in that they're essential in several high-technology applications such as wind turbines, electric cars and lasers, and largely made in China.That makes them a scary-sounding weapon in economic and diplomatic disputes. Back in 2...Read More
Great Bear Resources climbed close to 20 percent after discovering a new high-grade gold zone at its Dixie project.Read full newsRead More
The rare earth minerals sector surfaced into the mining and commodities news this week amid speculation that China could use its dominance in production to deal the killer blow in its trade war with Donald Trump. It all stems from a visit by China’s top brass, President Xi and Vice Premier Liu He, to a rare earth minerals mine in Jiangxi province. The move was widely interprete...Read More
Summary 1)Rare earth critical mineral crisis heating up as ChinaRetaliates against Trump Tariffs. 2)Rare Earth Shortage could cripple tech giants such asApple and Tesla. 3)Rare Earth ETF $REMX was over $100 during last rare earthcrisis in 2011 now its under $15. 4)If Chinese cut off rare earths, prices could skyrocket inparabolic rise. 5)China Controls Rare Earth Sector which was invented inUSA....Read More
Canada's Nutrien Ltd, the world's biggest producer of potash fertilizer, said on Tuesday that it was evaluating whether to expand its annual production capacity by 5 million tonnes after 2023, around the time that metals miner BHP is considering a move into potash.In a presentation to investors in Toronto, Chief Executive Chuck Magro said the additional capacity would consist of expansions to exis...Read More
This would be seriously disruptive for the US supply chain, and has been labeled one of China's 'nuclear options' in the trade war.Read full newsRead More
Kutcho Copper Corp. (TSXV: KC) has raised C$2 million through a private placement of 10 million units (each consisting of one share and one warrant). Shares of the company went up nearly 3% on Monday afternoon from 19 cents at the time of announcement to the offering price of 20 cents. Its current market capitalization sits at approximately C$11.3 million.The financing is being backed by major sha...Read More
This week’s Canadian mining news was dominated by the gold stocks, with junior gold miners in particular preparing for the arrival of the drilling season in the north. Aben Resources (TSX-V:ABN) announced details of its hotly awaited exploration programmes in both Yukon and the Golden Triangle. The junior gold miner plans to extend its drilling season by a month by initiating a 2000...Read More
State-controlled China Communications Construction Co (CCCC) and iron ore miner Vale SA have agreed to set up a steel mill in Brazil's northern state of Par?? with a $450 million investment, the state's government said on Thursday.Vale confirmed in a separate statement that it had signed a protocol of intentions to support the financial structure of the flat-rolled steel laminating venture by issu...Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More
"Aben Announces Ambitious Exploration Plans for Justin Gold Project in the Yukon and Forrest Kerr Gold Project in BC's Golden Triangle Region @Aben_ABN https://t.co/ueH4atwhC7"Read full newsRead More
Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a senior Mexican official said on Thursday, urging a solution that will restart operations.Speaking to reporters in Mexico City, Francisco Quiroga, the deputy economy minister responsible for mining, said he wanted operations at the country's largest...Read More
Canada-based B2Gold Corp. is considering buying an idled Zimbabwean gold mine - if it can be exempted from a law that requires producers to sell all the metal to the country's central bank, people familiar with the situation said.If a transaction with owner Metallon Corp. is concluded, B2Gold will invest $150 million to $200 million developing the Shamva gold mineSecuring an exemption may open the...Read More
An estimated 1,300 EVs ordered in B.C. in just two weeksRead full newsRead More
The publication of PwC’s BC Mine report gave a boost to Canadian mining stocks this week with news that gross revenues from mining in British Columbia reached a record high last year. BC miners posted gross revenue of C$12.3 billion, compared with C$11.7bn in 2017, even as capital expenditures fell to C$1.2bn, from C$1.5bn. The revival of the Golden Triangle by an exciting array of...Read More
Debmarine, a 50/50 joint venture between world's No. 1 diamond producer by value, De Beers, and the government of Namibia, will build a $468 million-diamond recovery ship, the world's first custom-made vessel of such a kind and the seventh in the company's fleet.The vessel, slated to start operations in 2022, would add about 500,000 carats per year of production capacity to Debmarine Namibia's out...Read More
Following the development of a reclamation program that involves the application of treated biosolids to the Central Tailings Area at the Copper Cliff nickel mine in Ontario, Vale Canada and its partner in the project, Terrapure Environmental, received an Environmental Leader Award for Project of the Year.Instead of incinerating or landfilling nutrient-rich organics, Terrapure worked with Vale to...Read More
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Thursday its gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51%.The company said its total production of gold-equivalent ounces (GEO), which includes other metals,...Read More
British Columbia's mining sector posted positive results for the second straight year in 2018 coming off a period of lower commodity prices and reduced activity, according to PwC Canada's latest BC Mine report.In total, BC miners posted a record high gross revenue of C$12.3 billion, compared with C$11.7 billion in 2017. Capital expenditures also fell to C$1.2 billion from C$1.5 billion.Key contrib...Read More