A Peruvian judge on Wednesday ordered three years of jail time for three lawyers representing indigenous villagers who have blockaded shipments from a massive copper mine operated by Chinese miner MMG Ltd.The ruling, which a lead prosecutor confirmed on television news channels, promises to further polarize a dispute between MMG and the Quechua-speaking village of Fuerabamba, in Peru's southern co...Read More
An incident at Freeport-McMoran's Grasberg mine in Indonesia injured two workers on Wednesday while two other missing, a company spokesman said on Thursday.The injured workers have been hospitalised while rescue team continues to search for the missing. Mining operation is running normally despite the incident, spokesman Riza Pratama said.According to Bambang Gatot Ariyono, Indonesia's director ge...Read More
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesThe foot of central banks remains fir...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesMining Journal: You've worked for the...Read More
Eastern promise for PolarXSPONSOREDpolarxThe key to this transformation is deploying the incline block-cave mining method in the relatively modest-sized Papamono mine.Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCEO Alberto Lavandeira said Atalaya had delivered the majority of its key performance indicators ahead of or in line with expectations, whic...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesCEO Ivan Arriagada said the full proj...Read More
There's a time for gold stocks to rally... and a time for consolidation and retracement. Please click here now. We have joy, we have fun, we have gold price seasonality in the sun?To view seasonality on the daily gold chart, please click here now. Double-click to enlarge.The COMEX price of gold is determined mainly by commercial bank traders and hedge funds reacting to physical market supply...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadership"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesIt intersected a "hypogene porphyry zone" of 168.1m of 0.56g/t gold and 0.29% copper from 5m, includin...Read More
Cross-border concerns about mineral exploration and logging in British Columbia, Canada's Skagit River watershed may put a long-simmering campaign to close a hole in the middle of two provincial parks back on the front burner.Imperial Metals (TSX:III) has applied to the provincial government for an exploration permit that, if granted, could see the company building an access road and drilling test...Read More
Democratic Republic of Congo's mining sector paid $1.57 billion in revenues to the government last year, up 91 percent on 2017, finance ministry data showed on Wednesday.Public revenues from the oil and gas sector fell by 19 percent in 2018 to $165.6 million, according to the data.Mining production in Congo, Africa's top copper producer and the world's leading miner of cobalt, a key component in e...Read More
Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests.MMG Ltd., the Chinese-owned copper producer, is considering whether to invest in more expensive methods of mining the metal when existing oxide resources are depleted. It's grappling with the same quand...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesCrisis averted.Read More
Stop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let's look at the technicals. T...Read More
The Ugandan government is making another attempt to reopen a defunct copper mine estimated to contain 4 million tonnes of ore, it said on Tuesday, and several international firms have expressed interest in the project.Once a major producer of copper and cobalt, Kilembe was abandoned by Canadian firm Falconbridge in the 1970s when Uganda's economy stagnated under the erratic leadership of dictator...Read More
Canadian miner First Quantum Minerals (TSX:FM) is planning a $327 million expansion of its already massive mining and processing complex in Panama, the largest copper mine coming to market over the next couple of years and the biggest single private sector investment in the nation's history.According to an updated technical report for Cobre Panama, located about 120 km west of Panama City and...Read More
The market for natural resources remains subdued, but there are pockets of strength. In the Uranium sector, Energy Fuels, IsoEnergy & Appia Energy are up an average of ~150% from their respective 52-week lows. In Copper, Trilogy Metals & Pacific Booker are up an average of ~250%. Good things are happening, but not in Cobalt, at least not yet.Could This Pure-Play, North American Cobalt Juni...Read More
Vancouver's Teck Resources and Japanese partner Sumitomo Metal Mining and Sumitomo Corp. have closed their $1.2-billion transaction giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project.The Quebrada Blanca property is 240 km southeast of Iquique at an elevation of 4,400 metres.Teck received the final permit to go forward with a $4.7-billion expansion at the mine and mill in...Read More