Aguia said official hearings on the environmental impact assessment for the project were "anticipated to occur in the next three to four months", after which the company expected to be "granted the preliminary licence".Assuming that all goes to plan - and the EIA is the final regulatory requirement ahead of development - Aguia needs to find about US$84 million to build and start operating a projec...Read More
The first hole of 13 planned at Secret Pass as part of a 15,000m drilling programme intersected 70.07m at 1.79g/t gold from 152.86m."Exploration potential in this area is excellent and Northern Empire's recent acquisition of the Rosie claims, directly south of Secret Pass deposit, gives our team access to highly prospective drill targets," president and CEO Michael Allen said.Secret Pass is a past...Read More
Metminco's Australia-listed shares have, as expected, more than halved, one of its key investors has ceased to become a "substantial holder" and - in a related move - director Ram Venkat has departed.Read More
Acclaimed as one of Britain's leading developers of mineral processing science, Rotherham-based Metalysis is commercialising a technology invented at Cambridge University that uses an electrolytic process to reduce metal oxides and ores into pure metal and alloys.Read More
Western Australia iron ore asset president Edgar Basto said the company's South Flank iron ore project was scheduled to be submitted for board approval mid-year and if approved, Mining Area C would become the world's largest stand-alone iron ore mining and processing centre.Fellow diversified major Rio Tinto (LN:RIO) closed up 1.3% in London yesterday after announcing a debt reduction programme an...Read More
"In the last five years, we've seen global wind-generated capacity more than double, solar PV capacity more than quadruple and EV sales grow at 59% per annum," she said at the CRU Metals in the Future 2018 conference on Tuesday.Read More
Darryn Quayle, the UK Department for International Trade Infrastructure group's mining specialist, said at the CRU Metals in the Future 2018 conference this week that miners needed to do things differently to get communities on board right from the start of any project, as well as redress what has been done in the past.Read More
Eco Oro said it had invested more than $250 million to develop the project, in the mountains about 400km north-east of the capital Bogota, which contained a measured and indicated resource of 2.21 million ounces of gold at 4.57g/t.Read More
Reports started circulating yesterday that the ZRA had issued an assessment to a prominent mining company, with Jefferies analyst Christopher LaFemina noting it was a "new significant risk" if First Quantum was the miner in question.First Quantum shares were halted by IIROC yesterday after falling more than 12% to C$18.The ZRA has reportedly said items were misclassified as mining machinery which...Read More
Mali's economy minister Boubou Cisse was recently reported as telling a joint news conference with the International Monetary Fund that the government would negotiate with mining companies to draft a new code - but would implement a unilateral decision like the Democratic Republic of Congo if talks didn't work out."Government officials have advised the company that the minister's comments were tak...Read More
It's very important for gold, bond, and stock market investors to stay focused on the main fundamental price drivers and ignore what may feel exciting but is largely irrelevant to price discovery. Citizen demand from China/India and US central bank policy are the main price drivers for gold.From 1960 to 1980, US recessions were generally inflationary, and the Fed raised rates during that period....Read More
The company has started a 30,000-tonne bulk sampling programme that will run until the end of the year.Read More
Mining Journal caught up with Cochrane on the sidelines of the event to talk more in depth about his views on investing in these metals.Read More
Scandinavia has been a happy hunting ground for Mincon in the past 12 months.Read More
The likes of Glencore, Randgold, Zijin, China Moly and Ivanhoe appear to have been blindsided by Congo's determination to push through a new mining code that substantially increases the cost of doing business in the central African nation.Lobbying of President Joseph Kabila (who insisted that the CEOs personally show up in Kinshasa for talks) that lasted six hours ended with no concessions other t...Read More
KINSHASA, March 20 (Reuters) - Democratic Republic of Congo said on Tuesday it would open negotiations with mining companies on Wednesday about implementing a new mining code that hikes taxes and royalties.President Joseph Kabila signed the new code, which replaces a predecessor from 2002, earlier this month despite strong objections from industry, which said it would scare off investment and viol...Read More
(Bloomberg) - Zambia's tax agency plans to conduct audits on mining companies in the country running back six years after uncovering 76.5 billion kwacha ($7.9 billion) of underpayment by a "prominent" miner.The Zambia Revenue Authority may extend the period of the audit should it find a pattern of "consistent, systematic, premeditated" tax evasion, it said in a statement."We are announcing the pr...Read More
LUSAKA, March 20 (Reuters) - Zambia expects to produce more than one million tonnes of copper this year after revising its 2017 copper production upwards on the back of stabe power supply, a senior ministry of mines official said on Tuesday.Rising copper prices were also expected to boost revenue collection in Africa's No.2 producer of the metal, which ranks exports of the metal as its biggest exp...Read More
The auto industry is "waking up too late" to the fact that China will hold most of the world's supply of battery raw material cobalt, Ivan Glasenberg, CEO of top producer of the metal Glencore, said on Tuesday according to a Reuters report."If cobalt falls into the hands of the Chinese, yeah you won't see EVs being produced in Europe etc. They are waking up too late ... I think it's because the ca...Read More
SANTIAGO, March 20 (Reuters) - Workers at Antofagasta PLC's Los Pelambres copper mine in Chile have opted to extend a period of government mediation in an effort to reach agreement on a new labor contract, an industry group said on Tuesday.Workers in the mine's largest union last week rejected an offer for a new labor contract, triggering a period of government mediation and paving the way for an...Read More