The Vice President of Ecuador, Otto Sonnenholzner, and the Minister of Energy and Non-renewable Natural Resources, Carlos P?(C)rez, presented the country's new Public Mining Policy, with the focus on supporting large-scale operations and investments, and eradicating illegal mining.The announcement was made during a visit to the southern Zamora Chinchipe province, where Lundin Gold's (TSX:LUG) flag...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 landscapeSPONSOREDatricoBack in 2014, if memory serves, when the iron ore price was locked into an inexorable decline from its heady apex of late 2010 toward the depths...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 landscapeSPONSOREDatricoI'm not one to endorse doctrine based on religious persuasion as it pertains to the mining sector.Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsIt said Pembridge Resources (LSE:PERE) had agreed to buy the asset for US$20 million (C$26.76 million) in instalments. The sale is subject to certain provisions, including the mine reaching commercial production.Minto is about 240km north of Whitehorse and has been on care and maintenance since October 2018.Altech ticks boxes on pat...Read More
Source: GlobalData Mining Intelligence CenterA new report by GlobalData shows the value of capital raising deals in the metals and mining sector increased from the final quarter last year to over $11 billion in Q1 2019, despite the number of agreements inked falling sharply.GlobalData said overall, the total volume of completed capital raising deals decreased from 378 in Q4 2018 to 273 in Q1 2019,...Read More
Panamanian President-elect Laurentino Cortizo said on Tuesday his incoming government would review a mining contract awarded to a subsidiary of Canada's First Quantum Minerals.While the new government values the security of contracts, "the company has to respect that we have the right as Panamanians to review clause by clause," Cortizo, who takes office on July 1, told reporters.A spokesman for Fi...Read More
Capstone Mining Corp. (TSX: CS) announced Tuesday it has entered into an agreement to sell its 100% interest in the Minto copper mine to Pembridge Resources PLC (LON:PERE). Capstone has reportedly been working on a sale as early as February 2018.Located about 240km north Whitehorse in Canada's Yukon territory, the Minto mine is currently on care and maintenance. At the time of its suspension in Oc...Read More
A court hearing following Zambia's decision to name a provisional liquidator to run Vedanta Resources' Konkola Copper Mines (KCM) business was adjourned for a week on Tuesday without tackling Vedanta's demands to be involved, the company said.Vedanta Resources, part-owner of the Mumbai-listed Vedanta group of companies, is KCM's majority shareholder while Zambian state mining company ZCCM-IH holds...Read More
Monarca Minerals (TSXV: MMN) entered into an option agreement to acquire a 100% interest in the 5,580-hectare San Jos?(C) project located in Chihuahua, northern Mexico.To go ahead with the deal, Monarca will pay a total of $150,000 to the mining concession owners and the agreement includes a 2% Net Smelter Return royalty upon reaching commercial production.In a media statement, the Canadian miner...Read More
Solutions will be implemented to solve long-standing environmental issues associated with waste dumps left behind at the Anaconda copper mine site after the company of the same name shut down operations in 1978 and following Arimetco's takeover and abandonment of the site in 1999.This is according to Quaterra Resources (TSXV: QTA), a Canadian miner that owns the 51-square-mile Yerington copper pro...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 landscapeSPONSOREDatricoNot talking so much about honest errors of fact, spelling mistakes or stupid sentence constructions not picked up by copy editors.Read More
The silver miners' stocks have been pummeled in recent months, plunging near major secular lows in late May. Sentiment in this tiny sector is miserable, reflecting silver prices continuing to languish relative to gold. This has forced traditional silver miners to increasingly diversify into gold, which has far-superior economics. The major silver miners' ongoing shift from silver is apparent in th...Read More
Logistics and warehousing firm C.Steinweg has been approved by Multi Commodity Exchange Clearing Corporation (MCXCCL) as a storage facility for its physically settled base metals contracts effective June 4.MCXCCL, a wholly owned subsidiary of Multi Commodity Exchange of India (MCX) said on Monday in a circular, Steinweg Sharaf (India) has been registered to store and effect delivery of aluminium,...Read More
Vedanta Resources Ltd., owned by Indian billionaire Anil Agarwal, said it's seeking international arbitration to resolve a dispute with the Zambian government about its copper assets in the country.Zambia's government this month began liquidation proceedings against Vedanta's Konkola Copper Mines, after accusing Vedanta of lying about expansion plans and paying too little tax. The company says it...Read More
Foreign loans that use minerals as collateral may complicate Zimbabwe's future negotiations with foreign creditors to restructure its $8.8 billion debt, an International Monetary Fund official said on Monday.Unable to get funding from lenders like the IMF since defaulting on its debt in 1999, Zimbabwe has over the last five years relied on the African Export and Import Bank (Afreximbank) for miner...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 landscapeSPONSOREDatricoJP Morgan, which is heavily involved with companies producing the lightweight battery metal, said tight profit margins were forcing supply cuts but no...Read More
We have written for over a year about the historical importance of the shift in Federal Reserve policy. We've noted that over the past 65 years in 11 of 13 rate cut cycles the gold stocks have enjoyed tremendous gains. The historical data shows an average gain of over 170% and median gain of almost 150%.As of last Tuesday morning, the market showed an 84% chance of a rate cut by the Fed meeting in...Read More
A worker at Codelco's El Teniente operation was hit by a rock and died on Sunday, Chile's state miner informed.In a media statement, the world's No.1 copper producer lamented the passing of 58-year-old Pedro Enrique Mena Bolvar??n, who belonged to the company's Mining Division.According to Codelco, the causes that prompted the rock to fall down at the Pilar Norte mine are under investigation."As s...Read More
Finland's next government, encompassing five parties from the left and center of the political spectrum, will increase spending by about 4 billion euros ($4.5 billion), Iltalehti reported, citing a draft of the government program agreed on Friday.The incoming cabinet, led by Prime Minister-designate Antti Rinne of the Social Democrats, is due to unveil its program and composition, including minist...Read More
Zambia's Konkola Copper Mines (KCM) is not producing copper, the chief executive of the mining firm's owner Vedanta Resources said on Friday.Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' 90,000 tonnes KCM business and said in a statement that it was seeking international arbitration.Legal proceedings in Zambia have been adjourned to Jun...Read More