An environmental group has filed a complaint to U.S. and Canadian securities regulators alleging that Northern Dynasty Minerals Ltd. misled investors about its controversial Pebble mining project in Alaska.Northern Dynasty - whose plan to develop a copper and gold mine near Bristol Bay faces staunch environmental opposition - issued incomplete and misleading information in an attempt to drum up ca...Read More
Chilean manufacturing production rose 1.3 percent in March compared to the previous year, government data showed on Tuesday, even as copper output declined in the world's top copper producer.The slight increase in manufacturing production was driven primarily by a year-on-year increase in the production of machinery and equipment, but was counterbalanced by a 3.5 percent drop in mining output, the...Read More
Glencore Plc cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil, as the world's biggest metal trader deals with multiple problems across its operations. The shares fell.There was no mention of changes to the company's marketing-profits guidance, which it often updates in production reports.Key insightsGlencore's disappointing ou...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftThe company reported a 6% drop in copper output compared with a year earli...Read More
Eastern promise for PolarXSPONSOREDpolarxCopper production for the March quarter dropped 7% year-on-year to 320,700 tonnes, hit by the issues at Mopani, as well as severe flooding in Queensland, depletion at the Alumbrera openpit operation, and the sale of Punitaqui.However, cobalt output rose 56% on the year to 3,900t, despite Katanga having to manage excess levels of uranium content in its cobal...Read More
Eastern promise for PolarXSPONSOREDpolarxOutput at the BHP-operated Chile copper mine included 975,893t of copper in concentrates and 266,794t of copper cathodes. The mine experienced 44 days of strike action in 2017."We are happy with the positive results from 2018. The challenges, however, are growing because as the deposit ages we face deeper pits, lower grades and harder rock, as well as more...Read More
Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has flagged dramatically with lofty stock markets spewing great euphoria. That's given gold-futures speculators the run of the market, where they have sold aggressively including extreme shorting. But tha...Read More
Eskay Creek, formerly the world's highest-grade gold mine, may be headed for a re-start due to very promising exploration work completed by Skeena Resources (TSX.V: SKE).Eskay Creek was operated by Barrick Gold until shutting down in 2008 due to a combination of high operating costs and a low gold price. Skeena picked up the option to explore the closed mine and has been working diligently on the...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpIt said yesterday it expected operations would reach "normal le...Read More
First Quantum Minerals Ltd. surprised the market by accidentally releasing its first-quarter results during the trading day.The Canadian miner fell as much as 3.4 percent after its first-quarter results were released at 1:44 p.m. during normal trading in Toronto, before recovering some of its losses. First Quantum earnings statements typically come out after market hours. Lisa Doddridge, a spokesw...Read More
North American Palladium of Toronto has expanded the platinum group metals zone at the Sunday Lake property, 25 km northeast of Thunder Bay and 60 km south of NAP's Lac des Iles mill. The current campaign is focused on a large PGM zone and copper-nickel sulphide mineralization in the deeper portions of the Sunday Lake mafic-ultramafic intrusion.NAP is the operator and earning a 75% interest at Sun...Read More
Some of the U.K.'s biggest companies were dropped from the government's list of responsible small-business customers on Monday, a decision that could undermine their ability to win state contracts.Five firms were removed from the Prompt Payment Code, an initiative to speed up settlement of invoices owed to suppliers. The companies - including mining conglomerate BHP Group Plc, DHL Worldwide Expres...Read More
Jiangxi Copper Co, one of China's biggest copper producers, said on Monday its profits fell by 3.1 percent year-on-year in the first quarter as lower prices for the metal dented earnings.The Nanchang-based company's net income was 742.35 million yuan ($110.25 million) in the January to March period, according to a filing to the Shanghai Stock Exchange. That was down from 765.96 million yuan in the...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftBut whether Mackenzie could, or would, give a direct answer is unlikely be...Read More
Eastern promise for PolarXSPONSOREDpolarxUnder the agreement, Gold Fields has the right to set up a technical advisory panel to review and provide input on Chakana's exploration programme, a pre-emptive right to participate in any future proposed equity offering to maintain its pro-rata interest, and the right to increase its equity position to match that of another mining company in a future equi...Read More
Look beyond market approach to project valuations: van ZylLeadershipWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftSpeaking in the 'capital markets and key trends in mining' panel, Urquiaga said a...Read More
Following the gender session held this at this year's PDAC, where gender balance in the industry and the #MeTooMining initiative were discussed, the Responsible Mining Foundation issued a summary report related to the topic.The summary is based on a chapter of RMF's 2018 Responsible Mining Index and it presents an assessment on the performance of 30 of the most important mining companies in the wo...Read More
The Argentinian Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach $29 billion and employ about 80,000 people in 2019.According to the group, the mining sector is experiencing continued growth and has become the sixth most important sector when it comes to exports."At the Chamber we work day in and day out to create synergies with...Read More
Eastern promise for PolarXSPONSOREDpolarxWaterton, which controls 12.09% of Hubday's outstanding shares, has nominated five directors and has been trading barbs with the miner since October, when it first sounded the alarm over its concerns about the company's leadership and strategic direction.Glass Lewis says it has has assessed Waterton's arguments and agrees Hudbay will benefit from a minority...Read More
Aurubis, Europe's largest copper producer, on Friday cut its annual targets, citing factors such as a slower economy and maintenance shutdowns, sending its shares sharply lower. Aurubis now expects operating pretax earnings in its fiscal 2018/19 to decrease by more than 15% compared to the previous year. In February, Aurubis had forecast full-year operating earnings before tax to be "moderately lo...Read More