The Federal Government of Australia today launched the Critical Minerals Strategy 2019, aimed at putting emphasis on what politicians call "the industries of the future." In their view, these sectors include agritech, aerospace, defense, renewable energy and telecommunications."We have some of the world's richest stocks of critical minerals and while the market for some of our minerals such as lit...Read More
Canada's Walker River Resources (TSXV: WRR) announced this week that it signed a letter of intent with Smooth Rock Ventures (TSXV: SOCK) to enter into an exploration agreement with option to form a joint venture on the Garfield Flats project, located in Mineral County, Nevada.Smooth Rock can earn an undivided 50% interest in the property by funding $600,000 in exploration expenditures. Walker, o...Read More
Western Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroft"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpLiving in the UK for so long, as I have...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsFitch expects disruption from Vale's tailings dam failure at Feijao to reduce net iron ore supply from Brazil by about 30-50 million tonnes a year, and other supply cuts in the country at Usiminas, Companhia Siderurgica Nacional and Gerdau to weigh down output.The agency upped its p...Read More
Western Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroft"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpThe International Lead Zinc Study Group...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpThe company said the results from SES003 had not been analysed until now "due to its general...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThose numbers are generated using a long term copper price of US$3.08 per pound and an 8% discount rate.Read More
Please click here now. Double-click to enlarge this long-term gold chart. Fundamental and technical analysis are both strongly supporting gold's rally towards the key $1400 area.Having said that, COMEX price action mainly reflects action in the physical market and this is the weak season for gold.Investors need patience. News in the West that "should" push gold $100/ounce higher is in play...Read More
Western Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroft"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpThe miner has warned it would declare f...Read More
Jiangxi Copper Co., one of China's top producers, said on Wednesday 2018 net profit rose 52.4 percent year on year as a hedging gain boosted its bottom line in a poor year for the metal used in manufacturing and construction.The Nanchang-based company, which in January flagged an expected increase in annual profit of around 50 percent, posted net income of 2.45 billion yuan for last year, up from...Read More
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said Wednesday it was working with the United Nations Environment Programme (UNEP) and ethical investors to devise global standards for tailings dams.The initiative is in response to the recent tragedy at Vale's Corrego do Feij??o mine in Brazil, where a tailings collapsed in Janua...Read More
The western Canadian Province of British Columbia approved a 5-year extension of Seabridge Gold's (TSX: SEA) (NYSE: SA) Environmental Assessment certificate for the KSM project, which has been described as one of the largest undeveloped gold projects in the world, measured by reserves.Located in north-western British Columbia, KSM has proven and probable reserves of 38.2 million ounces of gold a...Read More
A World Health Organization study shows that over 35% of the gold mines in the Democratic Republic of Congo (DRC) are at risk of being affected by the ongoing Ebola outbreak in the country, which is the world's top cobalt producer and a significant copper and gold producer. The DRC generates more than 60% of the world's cobalt, a key material for making the batteries that power electric cars.Barr...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsMining Journal caught up with CEO Sam Spring and chairman Cameron McRae in London to hear about the company's plans for the year and how they find working in Mongolia.Read More
Since last spring we've written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks.The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance of a ra...Read More
Troilus Gold Corp. of Toronto reports finding a new mineralized zone in the southeast part of the J zone at the past producing Troilus gold-copper mine in the Abitibi region, 175 km from Chibougamau, Quebec. The gold-rich area is about 30 metres from surface and open at depth.Highlights of the new zone include:Hole TLG-J419-091: 1.29 g/t gold and 0.09% copper over 22 metres (1.43 g/t gold equivale...Read More
Polish miner KGHM and a union representing workers at its Sierra Gorda copper mine in Chile have agreed to extend contract talks, temporarily warding off the threat of a strike, the union president told Reuters on Tuesday.Maykel Ocayo, president of the 520-member union, said workers would vote on a new contract proposal by Thursday and deliver their decision to management on Friday."The extension...Read More
When should modern Americans care about legislation signed into law by President Ulysses S. Grant? When it causes deep environmental damage, deprives the federal treasury of billions, privileges one industry over others, practically gives away public lands, and hasn't been significantly altered in almost 150 years.The law in question is the General Mining Act of 1872, which governs the harvesting...Read More
SNC-Lavalin Group Inc. is blasting Codelco's decision to pull the plug on a $260 million contract that was at the root of two recent profit warnings.The embattled Canadian construction giant confirmed late Monday night that it had received official notice of the termination, saying it was "appalled and surprised" by the Chilean state-owned miner's decision."We believe that this termination is unwa...Read More
Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri's market-oriented policies. But there's no guarantee he'll be around to take credit.Argentina's economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. That could put Macri on shaky ground as...Read More