A $15 million thermal coal export terminal planned for Fraser Surrey Docks has had its permit cancelled by the Port of Vancouver."This is a win for the climate and a testament to what can be achieved when community members stand up and say no to dirty U.S. coal," Fraser Thomson, a lawyer with Ecojustice, said in a news release. The Fraser Surrey Docks coal project would have a capacity of shipping...Read More
The outlook for Rio Tinto, the world's second largest miner by market capitalisation, is positive over the coming years, according to a new report by Fitch Solutions. Rio has the expertise and capital to develop the most lucrative and largest mines in the world, and the miner has achieved higher profits year-over-year in H118, despite cost inflation.Rio Tinto's performance will continue improving...Read More
Stocks Analysis by Chris Kimble covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Kimble's latest article on Investing.comRead full newsRead More
The aftermath of last weeks catastrophic dam collapse in Brazil continues to be felt among the junior mining stocks as investors weigh the contrasting forces of lower iron ore production and a potential environmental and legislative backlash. With hundreds of people still missing and presumed dead, there is understandable anger in Brazil at Vale SA, the company whose Feijao iron ore mine...Read More
Australia's Fortescue Metals Group Ltd said on Thursday it was too early to determine the full effect of a Brazilian mine disaster on iron ore supply, as its shares rose to a 16-month high."We are not 100 percent clear yet on the net impact on supply of iron ore, but certainly there will be some impact," Chief Executive Elizabeth Gaines said, adding that the miner had offered its condolences.We do...Read More
Against a backdrop of continued stock market volatility and geopolitical risk, gold demand surged in Q4 of 2018, according to a new report released today from the World Gold Council.Annual gold demand increased 4% on highest central bank buying in 50 years. Gold demand in 2018 reached 4,345.1 tonnes, up from 4,159.9 tonnes in 2017. Central banks' demand for gold soared to the highest level si...Read More
"Here is a link to my presentation from the 2019 VRIC - Nickel: A Short and Long Term Outlook - Thank you to @Cambridge for the opportunity to speak! @FPX_Nickelhttps://t.co/pkscC878W5"Read full newsRead More
Vale SA, the world's largest iron ore miner, on Tuesday vowed to take as much as 10 percent of its ore output offline in order to decommission 19 dams like the one that burst last week, killing scores of workers and nearby residents.Chief Executive Fabio Schvartsman said Vale would halt operations using those dams and spend 5 billion reais ($1.3 billion) to decommission them over the next three ye...Read More
Gold extended gains to an eight-month high as fallout from geopolitical turmoil including US-China trade tensions, a WW3-inducing Venezuelan 'coup', and Brexit uncertainty has spurred demand for the safe-haven metal.Read full newsRead More
New Caledonia's SLN nickel company says this month's strike has created a serious situation for the already troubled business.Read full newsRead More
As the dust settles in Vancouver following twin investor conferences last weekend, junior mining stocks investors are left to ponder when the market turnaround everyone is predicting will actually happen. That was one of the key questions to emerge from both the Vancouver Resource Investors Conference (VRIC) at Canada Place and the Vancouver edition of the Metals Investors Forum which too...Read More
Fears of bargain-basement battery grade nickel flooding the market starting in 2019 are unsubstantiated, according to Wood Mackenzie analysts. In September last year a Chinese consortium announced a new $700 million High-Pressure-Acid-Leaching (HPAL) plant in Indonesia, which would produce 50,000 tonnes a year of battery-grade nickel chemicals starting in 2019. Two similar projects in Indonesia...Read More
The most recent Annual Survey of Mining Companies by the Fraser Institute ranked British Columbia seventh among Canadian mining jurisdictions. But no other province or territory has had two new precious metal mines reach commercial production less than 15 months apart over the last two calendar years.In July 2017, Pretium Resources (TSX: PVG; NYSE: PVG) launched commercial production at its high-g...Read More
Balmoral Resources (TSX: BAR; US-OTC: BALMF) has discovered several new nickel sulphide zones in the central part of its Grasset Ultramafic complex in Quebec after drilling the area during its fall 2018 exploration program. The new discoveries sit 7 km northwest of the company's Grasset polymetallic deposit.Highlights from the area include 1.05% nickel, 0.31% copper, 0.05% cobalt, 0.2 grams platin...Read More
Vancouver's Teck Resources has partnered with the World Food Program (WFP) to fund a new US$3-million pilot program aimed at improving health and economic opportunities for small scale farmers in China's Gansu Province.Teck started its Zinc and Health program in 2011.The program is aimed at reducing zinc deficiency and improve the quality of the local potato crop by providing zinc-enriched fertil...Read More
Newmont Mining plans to acquire smaller rival Goldcorp for $10 billion in the biggest-ever acquisition in the gold sector.Read full newsRead More
A week in which the trend for M&A in the gold sector accelerated ended with predictions that the copper sector could be next, as analysts issued a bullish outlook for the mineral. The report from Fitch Solutions on mining the Americas pointed to promising spot levels on nickel, lead, copper, tin and gold, auguring well for 2019. The bullish outlook for copper, in particul...Read More
The new year continues to be a fascinating one in the global mining industry, with the unveiling on Jan. 14 of Newmont Mining's blockbuster US$10-billion deal to acquire Goldcorp, and regain top spot from Barrick Gold among global gold miners.Barrick had entered 2019 on a roll, having completed its own US$5.4-billion acquisition of Randgold Resources in a kind of reverse takeover at the management...Read More
Auryn Resources (TSX: AUG; NYSE-AM: AUG) has found a zone of oxide copper mineralization at the Milpoc prospect, 12 km south of the Sombrero Main target on its Sombrero North copper property in Peru. Rock samples it collected at the 1.2 km by 500 metre Milpoc graded as high as 8.75% copper and 101 grams silver per tonne. Auryn optioned the 1,200 sq. km Sombrero copper-gold project in July 2016 fro...Read More