Recent News

Atlantic boosts lithium resource

February 01, 2023 / www.mining-journal.com

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipUr-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumThe explorer, which together with ASX-listed Piedmont Lithium, is hoping to start producing within two years, has boosted resources by 16% from 30 mi...Read More

Yamana shareholders say yes to Agnico deal

February 01, 2023 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadershipBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumUr-Energy to boost production at Lost CreekSPONSOREDur-energySheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedYamana Gold shareholders voted 98.7% in favour of the special resolution approving the previously-announced...Read More

Iron ore developer seeks London listing

February 01, 2023 / www.mining-journal.com

Bradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumUr-Energy to boost production at Lost CreekSPONSOREDur-energySheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSORED  Despite challenges for junior iron ore miners and developers, Constance is expressing confidence its core...Read More

Supply shocks: Jakarta checks copper; Manila mulls...

February 01, 2023 / www.mining-journal.com

Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSOREDIndonesia, which banned nickel ore exports in January 2020, and is planning to ban bauxite exports in June, is no...Read More

Vale iron ore, copper output slightly lower

February 01, 2023 / www.mining-journal.com

Vale reported fourth-quarter iron ore production at 80.85Mt. Full-year iron ore production was 307.Read More

Gold demand hit decade high in 2022

February 01, 2023 / www.mining-journal.com

The yellow metal resurgence was powered by central bank demand reaching its highest level since 1967 at 1136t in 2022, while global bar and coin demand improved 2% to 1217t, a nine-year high whereRead More

Lab Grown Boost: India Abolishes Diamond Seed Tax

February 01, 2023 / www.idexonline.com

(IDEX Online) - The Indian government today announced an immediate abolition of the five per cent import levy on the graphite seeds used to create lab grown diamonds.The move is seen as a major boost to India's small but growing lab grown sector, and follows the announcement last August that the State Bank of India (SBI) would, for the first time, provide loans for manufacturers to buy the ma...Read More

Congo's Diamonds "Smeared with Blood," says Pope

February 01, 2023 / www.idexonline.com

(IDEX Online) - Pope Francis yesterday told crowds in the Democratic Republic of Congo (DRC) how the "poison of greed" had smeared its diamonds with blood.In a hard-hitting speech he condemned the "economic colonialism" of those who had plundered its natural resources.And he described the country's ongoing conflict with neighboring Rwanda as a "forgotten genocide".At the start of a four-day v...Read More

De Beers Rough Sales Down 30% to $450m

February 01, 2023 / www.idexonline.com

(IDEX Online) - De Beers today reported $450m of rough sales during its first cycle of 2023, down over 30 per cent on 2022.That's despite reports that larger stones (+2.0-cts) were discounted by as much as 10 per cent, and a relaxation in its buyback terms - allowing sightholders to reject 20 per cent of goods over one carat from a parcel, rather than the standard 10 per cent. The UK-bas...Read More

IDEX Price Report for 1 February: Rounds Down Again, Fancies Fare Much Better

February 01, 2023 / www.idexonline.com

(IDEX Online) - Round prices fell yet again during January amid continued hesitancy in the markets, although fancies fared much better. Overall demand remains slow, sentiment is weak, and manufacturing in India is still well below full capacity. Estimates for the number of workers laid off in Surat vary between 10,000 and 20,000. China scrapped its zero-COVID policy in December, which has fre...Read More

Las Bambas copper mine to be suspended

February 01, 2023 / www.mining-journal.com

Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSOREDThe mine had been operating at a reduced rate due to community protests since former Peruvian president Pedro Cas...Read More

Glencore beats expectations in copper and coal

February 01, 2023 / www.mining-journal.com

The London-listed miner and trader reported copper production down by 12% year-on-year, at 1.06Mt.Read More

China's PMI jumps back to positive

February 01, 2023 / www.mining-journal.com

Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSOREDChina's manufacturing PMI was 50.1% for the month, which is an increase of 3.Read More

Tech Talk for Wednesday February 1st 2023

February 01, 2023 / www.timingthemarket.ca

U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade.Focus today is on the FOMC meeting announcement at 2:00 PM EST. Consensus calls for a 0.25% increase in the Fed Fund Rate to 4.50%-4.75%.Snap dropped $1.59 to $9.56 after issuing negative revenue guidance. Electronic Arts dropped $8.38 to $120.30 after issuing negative earnings guidance....Read More

Exclusive AME Roundup video: Caroline Cochrane, Northwest Territories Premier

February 01, 2023 / www.northernminer.com

The Northwest Territories, which depends heavily on mining, has an obligation to leverage its critical minerals endowment towards the green economy, Caroline Cochrane, premier of the Northwest Territories, told Northern Miner Staff Writer Henry Lazenby at AME BC Roundup in January. They discuss how the territory's strong relationships with Indigenous governments can help save mining companies...Read More

Exclusive AME Roundup Video: Greg Nesbitt, Manitoba Natural Resources Minister

February 01, 2023 / www.northernminer.com

Greg Nesbitt, Minister, Manitoba Natural Resources and Northern Development, speaks to Henry Lazenby, Staff Reporter with The Northern Miner at AME BC Roundup in January. They discuss how Manitoba is working to speed permitting for juniors looking for critical minerals in the province, which hosts Canada's only producing lithium mine.Read More

Peru's political crisis puts mining in the crosshairs

February 01, 2023 / www.northernminer.com

Peru's ongoing political crisis spells more trouble for miners in the world's No. 2 copper producing nation, following two years marked by increasingly frequent protests targeting the industry.The country was thrown into turmoil on Dec. 7, when former president Pedro Castillo was removed from office after less than a year and half on the job, after trying to dissolve Congress. The leftist Castillo...Read More

Yamana Gold, Pan American Silver shareholders approve Agnico Eagle deal

February 01, 2023 / www.northernminer.com

Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) shareholders have approved the company's acquisition by Pan American Silver (TSX: PAAS; NASDAQ: PAAS) and Agnico Eagle Mines (TSX: AEM; NYSE: AEM).Under the US$4.8-billion cash-and-shares deal announced last November, Pan American will acquire Yamana's portfolio of mines in Latin America, while Agnico will acquire Yamana's Canadian assets and consolidate...Read More

Camino to partner with Japan's Nittetsu at Los Chapitos in Peru

February 01, 2023 / www.northernminer.com

Camino Corp. (TSXV: COR) has signed a letter of intent to partner with Japan's Nittetsu Mining Co. at its Los Chapitos copper exploration project in Peru. Nittetsu currently operates the Atacama Kozan copper mine located in northern Chile, an iron oxide copper gold (IOCG) deposit style similar to Camino's Los Chapitos.Under the deal as outlined, Nittetsu can earn a 35% interest in Los Chapitos thr...Read More

American Lithium's Tonopah may operate at globally low cost

February 01, 2023 / www.northernminer.com

Analysts say American Lithium's (TSXV: LI; NASDAQ: AMLI) Tonopah project in Nevada could run at world-beating costs based on a new study including the sale of by-product magnesium. The operating cost of the Tonopah Lithium Claims (TLC) project, about 340 km northwest of Las Vegas, is estimated at US$817 per tonne of lithium carbonate equivalent (LCE) including selling 1.7 million tonnes a year...Read More

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