JAKARTA, Dec 18 - Indonesia's state-owned miner PT Inalum expects to finalise a deal this week to take majority control of the local unit of global mining giant Freeport McMoRan Inc, the company's chief executive told Reuters on Tuesday.The deal will close "hopefully this week", said Budi Gunadi Sadikin, adding that a conclusion looked "highly likely."Inalum was proposing to sell a 10 percent stak...Read More
WINTHROP, Washington, Dec 18 (Thomson Reuters Foundation) - Although the wooden boardwalk and turn-of-the-century saloons reflect Winthrop's Old West history as a mining town, residents these days are counting down to a year-end deadline that could see the government ban extraction there for 20 years.Dec. 29 will mark the culmination of a battle by citizens of the Methow Valley, a constellation of...Read More
Pacific Empire Minerals (TSXV: PEMC) announced that it has entered into an option agreement with a group of vendors and consolidated a land position of over 90 square kilometres in the Babine copper-gold porphyry district in central British Columbia, Canada.In a media statement, the prospect generator said that the staked ground was added to its Paragon project, which also includes the company's W...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM) has upped its holdings in Ecuador-focused explorer SolGold (LON, TSX:SOLG), which is developing the Cascabel copper-gold project in the country's north.The deal further bolsters Newcrest's position in SolGold against No.2 shareholder, BHP, as it raises its stake in the junior miner to 15.33% from 13.83%.In September, BHP bought Guyana G...Read More
Jiulian Resources (TSX-V: JLR) announced that it has received a five-year area-based permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources to establish up to 60 drill sites and four kilometres of exploration trail for core drilling on its Big Kidd Property in British Columbia.Big Kidd is a 4,056-hectare property located 25 kilometres east of Merritt. Historic drilling...Read More
If we want to know where Gold is going we should follow Gold. Right?How about following gold stocks? At times, they lead Gold.What about the U.S. Dollar? Wrong!In 2019, one market more than any other will impact Gold.That is the stock market.History argues (within the current context) that when the Federal Reserve ends its rate hikes, Gold's downtrend will be over and when the Fed cuts rates, the...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe miner picked up another 28.87 million SolGold shares from third parties at a price of 40p, a premium to SolGold's London closing price overnight of 35.45p.The total investment equat...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutLast week, Bacanora Lithium shareholders were better served li...Read More
The gold explorer and development company has accelerated from the initial discovery at Namdini in 2015, to delivering a resource update, maiden reserve, preliminary economic assessment and preliminary feasibility study in the past 12 months alone.Along with strengthening its board with the appointment of ex-Barrick Dr Kenneth G Thomas and former Centamin Egypt director Trevor Schultz, and ga...Read More
As China goes, so goes industrial metals.That's the message from anxious investors rolling out of a rough 2018, when Trump trade tensions, Federal Reserve rate hikes, a strong dollar and an economic slowdown in China all combined to push the London Metal Exchange Index to its first annual loss since 2015. Five metals fell by 13 percent or more, led by zinc, which lost more than 20 percent.Bulls ar...Read More
Glencore Plc's Congolese copper and cobalt unit has agreed to settle with Canada's Ontario Securities Commission over an investigation into its accounting, the two sides said, without disclosing the terms of the settlement.The settlement would also cover several current and former executives and directors at the unit, Katanga Mining Ltd., including Glencore's head of copper trading Aristotelis Mis...Read More
The Bedford Consulting Group released its annual survey of executive and board compensation in the mining industry and revealed that, within the nearly 200 companies in their sample, only 13% of board members are women.Even lower, when it came to analyzing named executive officers in mining firms, only 8% were women. The most common executive role held by these women is CFO.Looking at compensation...Read More
The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a mo...Read More
Look beyond market approach to project valuations: van ZylLeadershipMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsAmong the top five, "Commodity price optimism and the curious case of uranium" caught readers' eyes.Anarcho Capital senior an...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutJimena Blanco leads Verisk Maplecroft's Americas research team, with regional and thematic experts based in the UK and...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecut Eileen Gavin is a senior analyst covering country, industry and custom research in the Americas team. Her current foc...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecut Indigo Ellis is an analyst covering political, business and investment risks in Central Africa for Verisk Maplecroft'...Read More
Pressuring governments and banks over coal is having a remarkably perverse effect on the price of coal, driving it higher by limiting fresh investment and perhaps even ensuring that production...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutTo value the company's Achmmach tin project in Morocco, Kasbah Resources directors used an 8% real discount rate. The c...Read More
A Glencore PLC-controlled mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli man close to Congolese President Joseph Kabila, the Wall Street Journal reported on Sunday.The expected settlement between the Ontario Securities Commission and Toronto-listed Katanga Mini...Read More