Craig Crosbie and Michael Fung of PwC were appointed as administrators on December 19. Laguna was producing zinc and gold from the small-scale El Toqui mine in Peru.Read More
Nemaska Lithium Project (Mine and Hydromet Plant)Nemaska Lithium Inc. [NMX-TSX; NMKEF-OTCQX; NOT-Frankfurt] said Friday February 1 that it plans to resume construction at the Whabouchi lithium mine site in Quebec on February 5, 2019.The company said construction activities were put on hold on the morning of January 31, 2019, following a fire in the cafeteria of the Nemiscau work camp. The facility...Read More
Teck's Fort Hills oil sands project in Alberta. Source: Teck Resources Ltd.Teck Resources Ltd. [TECK.B-TSX; TECK-NYSE] issued a profit warning Friday saying it expects to report fourth quarter earnings and EBITDA (earnings before interest, tax, depreciation and amortization) to be well below consensus estimates.Analyst said many of the issues raised appear to be associated with isolated incidents...Read More
The grinding circuit at the Kamoto concentrator. Source: Katanga Mining Ltd.Cobalt sales by Glencore AG's Katanga Mining Ltd. [KAT-TSX] unit are facing further delays after the Democratic Republic of Congo requested a suspension of Katanga's KCC ion-exchange project. The project is being developed to remove uranium from cobalt.Katanga Mining's Kamoto Copper Co. unit received a letter on January 30...Read More
This time last year, cobalt was the hottest metal on the planet.It was everywhere. You couldn't go a day without reading about cobalt in the financial news.Now?Nothing. You barely hear about it, if ever.What happened?Well, much of the financial chatter centered on cobalt prices. Back in March 2018, the price of cobalt reached an all-time high of $95,000 per metric tonne. Prices had increased nearl...Read More
Golden Ridge Resources Ltd. (TSX-V: GLDN) owns a 100% interest in the 1,700-hectare Hank copper-gold-silver-lead-zinc property located in the Golden Triangle district, approximately 140 kilometres north of Stewart, British Columbia. At the 2019 Vancouver Resource Investment Conference, we learned from Michael Blady, President-CEO of Golden Ridge Resources that in 2018 they drilled just under 7000...Read More
Colorado School of Mines students hacked their way to a top-10 finish in one of the most important cybersecurity competitions in the nation.Twenty Mines students participated in the 2018 NSA Codebreaker Challenge, which ran from the end of September through Jan. 6. Combined, their scores were enough to tie for 10th place out of a field of 377 U.S. universities, Mines' highest finish ever.Ryan Hunt...Read More
VANCOUVER - A new partnership between First Nations, exploration companies and the B.C. government named the British Columbia Regional Mining Alliance (BCRMA) is working well to advance mineral exploration and mining in northwestern British Columbia.That was the message behind a panel discussion held at the Association for Mineral Exploration's (AME) annual Roundup convention in Vancouver.The four...Read More
Casa Minerals (TSXV: CASA) has optioned its Keaper polymetallic project 15 km northeast of Terrace, B.C., less than 5 km from the company's flagship Pitman polymetallic project, to a private company that has the right to earn a 60% interest in the property over four years.In order to earn its interest, the optionee must spend $4 million on exploration, pay Casa $550,000 and issue Casa 2.5 million...Read More
While lithium and uranium markets were depressed in 2018, a rebound could occur, as demand pressures for both metals grow in the years ahead. Here's a look at eight juniors that are active players in lithium and uranium exploration and development. APPIA ENERGYToronto-based junior Appia Energy (CSE: API; US-OTC: APAAF) is involved in uranium and rare earth element (REE) exploration in the prolific...Read More
The following is an edited excerpt from the publication "The lithium-ion battery value chain - new economy opportunities for Australia" by the Australian government's Australian Trade and Investment Commission. To download the full report, visit www.apo.org.au/node/210341.Australia has a comparative advantage in its access to the mineral elements needed for lithium-ion battery production. Australi...Read More
Commodities giant Glencore (LON: GLEN) has reported production figures for 2018 and confirmed 2019 guidance that implies a 14%-year-on-year increase in copper-equivalent production.Copper production reached 1.45 million tonnes in 2018, 11% higher than 2017, and Glencore expects that number to jump by about 45% this year to 1.54 million tonnes.Cobalt production came in at 42,200 tonnes last year, 5...Read More
VANCOUVER - A Canadian government led by Andrew Scheer, the current leader of the official opposition Conservative Party of Canada, would repeal legislation currently before the Canadian Senate that he argues hobbles resource development.Speaking at the Association of Mineral Exploration's (AME) Roundup convention, Scheer said if a Conservative government is elected this coming October, it will "d...Read More
CEO Benedikt Sobotka said ahead of Mining Indaba that, although volatility in both markets was expected to continue, the severe underinvestment in mining projects was set to drive up prices, asRead More
"Donald Trump wants to legalize marijuana. I know because he told me personally several times."That was what Republican Rep. Dana Rohrabacher from California told me this week, over drinks in Medell?-n, Colombia (why I was in Colombia is a story for another time).*Editors note: When interviewing Congressmen, a few drinks in a foreign locale are helpful.And Rep. Rohrabacher should know - not only w...Read More
Rhyolite Ridge PFS beats expectationsSPONSOREDioneerCEO Benedikt Sobotka said ahead of Mining Indaba that, although volatility in both markets was expected to continue, the severe underinvestment in mining projects was set to drive up prices, asRead More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesGlencore produced 1.Read More
Base metals prices on the London Metal Exchange were collectively higher day on day at the close of trading on Thursday January 31, with a softer US dollar and improved trade sentiment supporting commodity investment.Copper's three-month price continued on an upward trend throughout afternoon trading, with total volumes topping the complex and more than 18,000 lots changing hands by the close.Pric...Read More
Comex copper prices moved higher on Thursday morning in the United States, with an improving macroeconomic backdrop lifting the entire base metals complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rose 2.25 cents to $2.79 per lb. "The improved macroeconomic backdrop has provided risk sentiment with a good bullish vibe, allowing the red met...Read More