Montreal's Yorbeau Resources has resumed diamond drilling at its Scott copper-zinc property between the towns of Chibougamau and Chapais. The goal is to identify an extension of the deposit west of the Gwillim fault.A preliminary economic assessment was made in 2017 for the Scott project that planned on mining 12 million tonnes at grades of 4.14% zinc, 0.81% copper, 27 g/t silver and 0.24 g/t go...Read More
Miner AngloGold Ashanti said on Tuesday it has halted a soil study at a site in Colombia after the town's mayor issued a suspension order because of a recent mining ban.Work at the site in Jerico, Antioquia province, was stopped on Monday and the project will remain halted pending a review by the province's tribunal, AngloGold said.The company was not carrying out mining exploration at the site, b...Read More
Vedanta Ltd.'s Zambian unit will press ahead with expansion plans even as the government of Africa's second-biggest copper producer increased mining royalties, and has undertaken not to fire any workers."Our actions are designed to sustain and create jobs, grow the economy, and contribute more to the treasury."The assurance by Konkola Copper Mines Plc, following a meeting between management and go...Read More
The number of miners missing after an earth tremor struck KGHM Polska Miedz's mine near the Polish town of Rudna, 70 miles east of the German border, fell to one from nine, the copper producer said on Twitter on Tuesday.Earlier KGHM spokesperson Anna Osadczuk told Reuters the miners were missing after the tremor hit the mine early this afternoon 770 metres below the earth's surface.Eleven teams to...Read More
Mongolia is working with overseas investigators to look into claims of corruption at its giant Oyu Tolgoi copper mine, the country's anti-graft body said on Tuesday, after the re-arrest of a former minister suspected of "abuse of power".Bayartsogt Sangajav was first arrested last April and released in June in a probe into 2009 negotiations over the development of the mine, then owned by Canada's I...Read More
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
The gold miners' stocks have slumped in January, tilting sentiment back to bearish. This sector's strong December upward momentum was checked by gold's own upleg stalling out. Gold investment demand growth slowed on the blistering stock-market rally. But uplegs always flow and ebb, and this young gold-stock upleg merely paused. The gold miners' gains will likely resume soon, rekindling bul...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe 10,000 tonnes per month front-end of the plant, including two crusher units, screens, ball mill and conveyors, was commissioned in December, and the back-end is expected to be commissioned nextRead More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningThe New Year was, by then, in full swing and Mining Journal had people at conferences in Canada and Sweden.Read More
Monetary cost is one immediate aspect of what's happened, and perhaps a minor issue.Read More
by Morris HubbarttJan 28, 2019Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video AnalysisSF60 Key Charts, Signals, & Video Analysis SF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisThanks,Morris HubbarttUnique Introduction For Website Readers: Send me an email to signals@superforcesignals.com and I...Read More
Chilean copper miner Antofagasta Plc is evaluating building a new concentrator plant at its Centinela mine that would cost around $3 billion, the chief executive of the company was quoted telling a local daily on Sunday.Antofagasta's copper production rose 3 percent to 725,300 tonnes last year, allowing the company to weigh potential expansion projects and upgrades, Ivan Arriagada said, according...Read More
Following the development of a copper-graphene nanocomposite that adds 3% graphene to pure copper, Codelco Tech, a subsidiary of the world's top copper producer, and engineering innovation firm Ennomotive chose three people to lead the creation of applications where the new material can be practically used.One of the people leading the new applications is Julio Casal Ramos, an engineer from Venezu...Read More
A paper published in the journal Geology predicts that scientists are close to proving that microbes have control over the precipitation of metals in near-surface environments.The authors of the study reached this conclusion based on what they have seen at the unusual Las Cruces deposit, located 8 kilometres from the city of Seville in the Spanish region of Andalusia. There, a significant part of...Read More
Canadian junior Explorex Resources (CSE:EX) (OTC:EXPXF) has placed its plans to buy the Hautalampi cobalt, nickel and copper project in eastern Finland on the back burner because it won't be able to secure the required funding in advance.The Vancouver-based miner, which in November said it intended to acquire the Finish asset, was supposed to pay the project's owner, FinnCobalt, around $1.9 milli...Read More
German auto maker giant Volkswagen has just upped its bet on electric vehicles (EVs) by overhauling its Salzitter plant to focus on production processes for battery cells for the new generation of cars, which the company plans to also start producing soon.The Wolfsburg-based company said it would invest 870 million euros (about $985 million) by 2020 to develop e-vehicle components, adding that i...Read More
by Peter EpsteinCEO Robert Mintak has 2 unconventional lithium projects in the U.S., one of which he believes is de-risked more than most lithium projects around the world due to infrastructure, permitting, jurisdiction and other key factors. While Robert can't know for sure until Standard Lithium releases a Preliminary Economic Assessment (PEA), it seems likely that cap-ex will be low compare...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25A repaired balance sheet, constrained growth ambitions, commodity price improvements, and huge proceeds from widespread portfolio "optimisation'' have made it all possible.Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25A strong final quarter of the year saw 2018 group production come in at 466,475 tonnes of copper and 223,041...Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The following day, as she is a very light drinker, my wife declared that for her to commit to a sacrifice of...Read More