The Democratic Republic of Congo's state-owned mining company rejected allegations that there are discrepancies in its financial statements, saying it paid $263 million in tax advances over a five-year period.Congo is the world's biggest miner of cobalt, used in rechargeable batteries for electric vehicles, and Africa's main copper producer. State miner Gecamines has often faced criticism for its...Read More
A paper published in the journal Resources Policy states that bonus schemes for middle management employees in mining companies play a role in tailings dams failures.According to the research article, such compensation packages actively encourage managers to cut costs and increase production, as the material decisions that put into motion such measures lay in their hands and positive results would...Read More
Scientists at the US Lawrence Livermore National Laboratory created ultra-low density gold, silver and copper foams to give physicists better X-ray sources to employ in experiments at the National Ignition Facility.This facility is a large laser-based inertial confinement fusion research device that uses lasers to heat and compress a small amount of hydrogen fuel with the goal of inducing nuclear...Read More
US stock markets just enjoyed their best week of the year on speculation that the Federal Reserve would once again ride to the rescue of equities and inflate asset prices by cutting rates.The S&P 500 index is sporting double digit percentage gains so far this year. Meanwhile, the S&P GSCI All Commodities index is down 14% over the past year.Apart from all things gold, Incrementum's 13th annual In...Read More
Noront Resources (TSX-V: NOT) signed a memorandum of understanding with the Aroland First Nation to advance the planning process for the development of the Eagle's Nest nickel-copper-platinum-palladium deposit in the Ring of Fire, northern Ontario.In a media statement, both parties said that the MoU contemplates Aroland becoming a shareholder of Noront. The company will issue 150,000 shares to the...Read More
In recent days the market has moved from expecting a rate cut by January 2020 to now expecting as much as three rate cuts by then. As a result both Gold and gold stocks launched higher, forming a "three white soldiers" bullish reversal pattern.Last week and in previous writings, we noted the importance of the actual rate cut for Gold and gold stocks. Their performance in both nominal and relative...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsFreeport will earn up to 75% in the 462sq.km Wild Horse project that contains a distinct aerial magnetic anomaly located on the western edge of a magnetic granite pluton, about 80km south of Adelaide. Altech ticks boxes on path to production SPONSOREDaltech chemicalsTerramin says the Wild Horse anomaly exhibits a "classic Weste...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipLithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedWith its environmental impact assessment approved, the holes will allow Camino to expand drilling along the Diva Trend with work expected to commence in the s...Read More
Unions at Chile's Chuquicamata copper mine expressed disappointment in state-run miner Codelco's latest contract offer on Thursday but agreed to extend negotiations in hopes of averting a strike.Codelco, the world's largest copper producer, started government-mediated talks with unions 1, 2 and 3 at Chuquicamata last week after workers rejected the company's proposal.But the unions said they were...Read More
Canada's First Quantum Minerals (TSX:FM) responded to Panama's President-elect Laurentino Cortizo by issuing a media release stating that the extension of the contract to operate the Cobre Panam?? mine fulfills current laws and regulations and that its team should be allowed to work without legal uncertainties.The miner's communiqu?(C) was made public a day after Cortizo said his government would...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsToronto-listed Lundin agreed to invest A$4.3 million in PolarX this week for 14.Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsThe major, which has been previously criticised by sections of the Australian resources sector for the paucity of information provided about Winu, revealed details from 11 diamond core drill holes.Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesThe court will determine whether to allow a referendum to ask the question, "are you in agreement with mining exploitation in the territories of the communities in the parishes of Lita, Carolina,Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipLithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedThis batch brings the total number of reported holes to 75 for 20,516m, which will provide a fuller understanding of the faulting and feeders that control the...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoMy May 16 column about WGC gold statistics prompted a fuming letter from the Council to the Mining Journal editor.Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsHe believes the gold market is slowly coming back to life, with consensus opinion holding a bull run is in the offing.Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoThe company unveiled a positive preliminary economic assessment for its Vizcachitas copper-molybdenum project yesterday, which considered an openpit m...Read More
Standard Lithium Ltd. (TSX-V: SLL) / (OTCQX: STLHF) shares are caught up in a battery metals sell off, but is it warranted given recent positive developments, ongoing supply challenges in the Lithium Triangle & exciting near-term Company catalysts? Its Arkansas Project could reach commercial production by 2022, and ramp up to ~20K tonnes/yr. of Lithium Carbonate, bolting onto brine streams f...Read More
The price of copper was hammered on Wednesday amid mounting worries about the impact of a trade war between the world's two largest economies and a global slowdown in manufacturing.In early afternoon trading in New York, copper for delivery in July touched a low of $2.62 a pound ($5,775 a tonne), down nearly 2% from Tuesday's settlement. Copper is now trading more than 20% below levels seen this t...Read More
The world's 40 largest mining companies showed steady growth in 2018 and consolidated the positive performance they had over the past several years, a new report by PwC revealed.In its Mine 2019: Resourcing the future report, the multinational professional services network states that, as a group, the top 40 mining firms increased revenue by 8% to $683 billion, buoyed by higher commodity prices an...Read More