Chile's Supreme Court has ruled in favour of Barrick Gold (TSX:ABX) (NYSE:GOLD), revoking the permanent closure of the Canadian miner's Pascua-Lama gold-silver project.The world's largest gold miner, which completed its merger with Randgold at the beginning of the year, said the March 14 ruling overturned the Antofagasta Environmental Court's order, issued late last year, and it also ordered...Read More
Rio Tinto (ASX, LON: RIO), the world's second largest miner, is recommending shareholders to vote against a resolution requiring the company to release its direct emissions details and strategies on how its greenhouse gas emissions and those of its customers can be cut.In a letter from chairman Simon Thompson, Rio urged investors to vote against the proposed rule change that would have the miner t...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftThe ‘do nothing', or more correctly ‘do little', view from Credit Suisse about leading miners such as BHP and Rio Tinto is summarised in a comment early this week that the "large capRead More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more importan...Read More
While gold miners have been making substantial profits in recent quarters thanks to rising gold prices and better operational and financial discipline, they continue to seek new ounces via the drill bit to fill their production pipeline. A look at eight majors and juniors exploring for gold worldwide.BARRICK GOLDThe world's largest gold miner Barrick Gold (TSX: ABX; NYSE: GOLD) is also heavily inv...Read More
Researchers with the University of Aberdeen and the University of Glasgow published a study where they state that an abundance of copper played an equally crucial role to oxygen in helping the rise and spread of the earliest animals 700 million years ago.By analyzing a series of geological records, the scientists were able to prove that the level of copper in the environment increased dramatically...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of $394.3 million-a 255.4% jump over 2017's $110.9 million-driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017. The income jump was driven by an inc...Read More
* China's refined copper output in January and February rose by 6.3 percent year-on-year to 1.34 million tonnes, the National Bureau of Statistics said on Friday.* Output on a daily basis works out at around 22,712 tonnes, according to Reuters calculations, down 16.1 percent from December's rate of around 27,065 tonnes* The bureau does not typically provide individual monthly numbers for January a...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
Poland's Supreme Audit Office (NIK) has lambasted state-controlled miner KGHM (WSE:KGH) for buying the Sierra Gorda copper mine in northern Chile, saying that company has spent more than PLN 19.6 billion (about $5.2 billion) managing the operation and the ore processing plant over the last three years.The Office, which looks into the way the Polish state operates and how it spends public funds, sa...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 resourcesAt least, according to the rationale...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe Montana Department of Environmental Quality this week released the draft environmental impact statement, which outlines the final permitting steps required.Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsAlara, which has been active in the Middle East since last decade, said the debt funding was from Doha-headquartered SAMA Global Investment.Read More
B.C.'s biggest mining mergers and acquisitions (M&As) in 2018 doubled in value to $9.5 billion compared with $4.6 billion in 2017, which was the second-lowest-valued year for M&As since 2013.Despite the impressive growth in 2018, the annual value of B.C.'s mining M&As still has a long way to go to reach the 2015 high of $10.4 billion. In recent years, the average mining M&A deal value has grown fa...Read More
On March 14 the Mining Association of Canada released the latest edition of its annual Facts & Figures report that provides a comprehensive overview of the trends affecting Canada's mining sector. It contains the unwanted truth that this country's competitiveness continues to erode.Canada is losing its ability to seize new opportunities for growth and it is essential the federal and provincial gov...Read More
Miner Anglo American on Thursday completed the installation of a floating island of solar panels in a tailings pond associated with its flagship Los Bronces copper mine outside the Chilean capital of Santiago, a bid to boost efficiency at the deposit.The 256 panels, tethered to the bottom of the artificial lagoon to ensure proper orientation even in strong winds and changing water levels, have the...Read More
Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's chief executive told Reuters on Wednesday.Oscar Gonzalez said company officials visited the lithium project in the state of Sonora, Mexico, although he could not recall the name of the Canadian miner he sa...Read More
Russia's RDIF sovereign wealth fund said on Thursday it had completed a joint deal with the Russia-China Investment fund and a Middle Eastern sovereign wealth fund to acquire a 9.53 stake in Russian mining company Intergeo.Intergeo, a part of Onexim Group, which manages the assets of Russian billionaire Mikhail Prokhorov, is developing its Kingash deposit in Russia's Krasnoyarsk region and Ak-Sug...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftHudbay said it would buy United Copper & Moly's 7.95% stake for $45 million in cash upfront and three annual payments of $10 million from July 2022.President and CEO Alan Hair said the simplified ownership structure improved Hudbay's financial flexibility to develop Rosemont and it hoped...Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesThe company said optimising mining and processing represented some 52% of the synergies, or $250 million a year. Within this, integrated mine planning will save $140 million a year, some 29% of the total.It will prioritise high-grade underground ore feed through the Goldstrike and Carlin Mill 6 roasters, minimisin...Read More