Recent News

Lulo's Rough-Diamond Resources Climb

March 28, 2022 / www.diamonds.net

RAPAPORT... Rough resources at Lucapa Diamond Company's Lulo deposit in Angola increased 11% in 2021 as the miner identified new material and improved its knowledge of existing areas, management said Monday.The figure, which refers to the volume of diamonds with a reasonable prospect of being extracted economically, climbed to 151,040 carats as of December 31 from 135,900 carats a year earlie...Read More

Chile minister Hernando: communities to know of exploration...

March 28, 2022 / www.mining-journal.com

In a very brief speech to open the Exploration Forum, the first event in Cesco week in Santiago, Chile, mining minister Marcela Hernando stressed that communities need to know about mining projects inRead More

Belgium does not Oppose Sanctions on Russian Diamonds, says PM

March 28, 2022 / www.idexonline.com

Belgium does not Oppose Sanctions on Russian Diamonds, says PM(IDEX Online) - Belgium has not opposed EU sanctions against Russian diamonds, its prime minister told national radio.Alexander De Croo (pictured) was responding to calls within the federal government -from the Flemish Green party Groen and French-speaking socialist party PS among others - to stop the importation of diamonds from Russia...Read More

Osisko Metals lines up Glencore copper mine

March 28, 2022 / www.mining-journal.com

The US$25 million payment will be paid by way of issuance of a convertible note to Glencore, giving the firm an equity stake in the Canadian junior.Read More

Dr McKinsey's get fit diet for mining companies

March 28, 2022 / www.mining-journal.com

West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining   The "doctor" in this case is not really a doctor, it's the global management consulting firm McKin...Read More

Tech Talk for Monday March 28th 2022

March 28, 2022 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.Energy equities and related ETFs are expected to open lower after the price of crude oil dropped $5.40 to US$108.50 per barrel in overnight trade. Tesla gained $61.38 to $1,072.00 after the company indicated plans to split its stockApple dropped $2.27 to $172.45 after reportedly cutting it...Read More

Pure Gold Mining needs to raise $50M to keep its Red Lake mine running

March 28, 2022 / www.northernminer.com

Shares of Pure Gold Mining (TSXV: PGM) fell to its lowest in a year after the company announced it will need to raise funds within the next 30 days to fund its operations and service the interest on its debt. The company, which operates the PureGold underground mine, located in Red Lake, Ont., said its cash balance stands at about $9 million. "Over the next six months [Pure Gold] will require...Read More

Osisko Metals to buy former Gasp?(C) copper mine in Quebec from Glencore

March 28, 2022 / www.northernminer.com

Osisko Metals (TSXV: OM; OTC: OMZNF) has signed an option to purchase the former Gasp?(C) copper mine from Glencore Canada. The mine, located near Murdochville, Quebec, was developed and operated by Gasp?(C) Copper, a subsidiary Noranda Mines.Osisko has agreed to make an up-front payment of US$25 million to be paid by way of a convertible note when the arrangement closes. A further US$20 million w...Read More

TSX Venture Exchange rises, Mar. 21-25

March 28, 2022 / www.northernminer.com

The S&P/TSX Venture Composite Index rose 19.65 points or 2.3% over the Mar. 21-25 trading week to end at 866. The top two gainers on the Venture Exchange by value for the period were both lithium companies. After more than quadrupling in value last year, the price of battery grade lithium carbonate has only continued to gain momentum this year.Shares in Sigma Lithium, which is also listed on the N...Read More

TSX falls during Mar. 21-25 trading week

March 28, 2022 / www.northernminer.com

Over the Mar. 21-25 trading period, the S&P/TSX Composite Index fell 3.19 points or 0.014% to 22,005.94. The S&P/TSX Global Mining Index increased 2.06 points or 1.61% to 127.39 and the S&P/TSX Global Base Metals Index rose 4.35 points or 1.92% to 226.52. The S&P/TSX Global Gold Index rose 0.29 points or 0.08% to 350.04 and spot gold ended the weekUS$18.75 per oz. higher, or 0.95%, at US$1,953.80...Read More

U.S. markets move higher during the Mar. 21-25 trading week

March 28, 2022 / www.northernminer.com

The Dow Jones Industrial Average rose 308.25 points or 0.88% to 34,861.24 and the S&P 500 rose 81.88 points or 1.80% over the week to 4,543.06. Shares of Gatos Silver fell 17.3% or 91 ? to $4.36. The company said that it intended to delay the filing of its annual report for 2021 beyond the prescribed deadline of Mar. 31, 2021. The company is focused on producing a new life-of-mine plan and upda...Read More

Mick Davis's Vision Blue joins backers for Cornish Metals tin mine

March 28, 2022 / www.northernminer.com

Cornish Metals (LON, TSX-V: CUSN) is getting closer to reopening the South Crofty tin-copper mine in Cornwall, southwest England, as a group of investors including mining veteran Mick Davis are injecting ?40.5 million (US$53.1 million) into the company.Davis's battery metals investment firm Vision Blue Resources (VBR), whose main strategy is acquiring stakes in assets linked to electric vehicles...Read More

Las Bambas workers launch protest action

March 28, 2022 / www.northernminer.com

Following a tense meeting with human resources personnel, the union that represents MMG's Las Bambas workers announced the launching of a protest action as they demand a review of the end-of-year profit amounts paid by the mining company to its employees.In a media statement, the union says that this is the first time that employees receive their share of the profits since the copper mine became f...Read More

Mining among sectors most affected by climate change in the US

March 28, 2022 / www.northernminer.com

Mining, together with construction, retail trade and services, is among the sectors most affected by cold and wet weather consequence of climate change in the United States.A recent study led by University of Cambridge researchers looked at the environmental impact over five decades on 10 different economic sectors in the 48 contiguous U.S. states - excluding Alaska and Hawaii - from 1963 to 2016...Read More

Chris Doornbos, President and CEO, E3 Metals Corp. (TSXV: ETMC, FSE: OU7A, OTCQX: EEMMF) Discusses Their Emerging Lithium Development and Leading Direct Lithium Extraction Technology at Clearwater Lithium Project Alberta, CA

March 28, 2022 / www.metalsnews.com

We spoke with Chris Doornbos, who is President and CEO of E3 Metals Corp. (TSXV: ETMC, FSE: OU7A, OTCQX: EEMMF), an emerging lithium developer and leading direct lithium extraction technology ("DLE") innovator, developing their large Clearwater Lithium Project in Alberta, Canada.The Company's Lab-Pilot Prototype, which has been operating since October, has delivered 97% lithium recovery. Through t...Read More

Doomberg: Food Prices Going Way Higher, Commodity Super Cycle, Government Unintended Consequences

March 28, 2022 / marketsanity.com

George Gammon, Released on 3/28/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the a...Read More

Schiff: The Fed Will Be Turning Japanese, I Really Think So

March 28, 2022 / marketsanity.com

YouTube/PeterSchiff, Released on 3/28/22Japanese will pay higher taxes, officially or through inflation.All bonds, not just treasuries, will fall in price.Biden calls for new wealth tax.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He f...Read More

Chile miners sanguine about change

March 28, 2022 / www.mining-journal.com

The Mining Code was amended in February, the Water Code in late March, a mining royalty is likely to be imposed in the coming months and a process to draft a new constitution is likely to strengthen environmental laws.Despite the current uncertainites regarding future mining regulation and taxation, Chile continues to draw investment. "We have seen a number of deals recently with South32 [which bo...Read More

Boric signs new Water Code into law

March 28, 2022 / www.mining-journal.com

Minister of Public Works, Juan Carlos Garcia, whose portfolio includes the Direction General of Waters (DGA) said the reform seeks the "fair water transition, which solves the problems of inequity suffered by thousands of people in access to this vital element."Under the new code, water rights will be given for a maximum of 30 years depending upon the availability of water sources, rather than ind...Read More

Rickards: I've Never Heard So Many Lies

March 28, 2022 / dailyreckoning.com

All wars are full of lies. Winston Churchill famously said, "In wartime, truth is so precious that she should always be attended by a bodyguard of lies."We accept that idea broadly. Secret invasion plans should be closely held. The identities of spies must be kept under wraps. New weapons and defensive tools should not be revealed because enemies will be alerted to their potential and begin offens...Read More

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