EPA Administrator Andrew Wheeler is formally recusing himself from agency reviews and permitting decisions on a proposed gold and copper mine near Alaska's Bristol Bay amid criticism his former law firm represented the developer.Wheeler promised to steer clear of matters involving the controversial Pebble Mine in an updated March 20 recusal statement, two years after his former employer, Faegre Ba...Read More
Chile's Codelco, the world's No. 1 copper producer, will incorporate artificial intelligence (AI) into its mines to monitor the health of mining equipment and ensure operations run efficiently, as part of a deal signed Tuesday with Chicago-based AI provider Uptake.The move is part of an aggressive transformation of the state-miner, which is looking at adding fresh technologies to revitalizing some...Read More
Pancontinental Resources (TSXV: PUC) announced this week the acquisition of the St. Laurent project, located in the eastern Canadian province of Ontario.Pancontinental is purchasing the property from 2681891 Ontario Inc., with whom the company entered into an option agreement. To earn a 100% interest, the Toronto-based miner has to pay a total of $145,000 in cash and issue 1,850,000 common shares...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsAs the company has previously reported, outbound copper concentrate transport is being interrupted by a community blockade 136km from the mine.The blockade is related to a compensation claim for the a pre-existing easement on the Yavi Yavi farmland transferred to the Fuerabamba community as p...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsCodelco stated SNC-Lavalin failed to meet its commitments under a $260 million contract including quality issues and delays in subcontractor payments and project execution.The news follows earlier profit warnings issued by the Montreal-based company related to aa engineering, procurement and...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe analysis, published in the Journal of Cleaner Production 220 (2019), found 75% of deposits faced environmental, social or governance challenges that could impede their development.Read More
Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video Analysis SF60 Key Charts, Signals, & Video Analysis SF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisMarch 26, 2019Morris HubbarttUnique Introduction For Website Readers: Send me an email to signals@superforcesignals.com and I'll send you my free "...Read More
Chilean state miner Codelco said on Monday it had terminated its contract with Canadian company SNC-Lavalin Group Inc at its Chuquicamata mine in northern Chile, accusing the engineering firm of failing to comply with its work commitments at the world's largest open pit mine.World top copper miner Codelco said the $260 million contract with SNC-Lavalin had included engineering, supply and construc...Read More
Romios Gold Resources (TSXV: RG) announced that it has amended an agreement it signed with Crystal Lake Mining (TSXV: CLM) whereby Romios' Newmont Lake property has been optioned to CLM provided that the latter has funding in place to finance its commitment to spend $3 million on an agreed exploration program before September 20, 2019.In a press release, Romios explained that the Definitive Agreem...Read More
The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared reall...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftOdd as it might sound, the best way into palladium at this late stage of a spectacular rally is through another metal that has similar chemical properties when used as an auto-catalyst in the exhaustRead 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 corpIt is looking to raise funds in the com...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 corpRed Mountain contains the Dry Creek and...Read More
Peru's Minister of Energy and Mines, Francisco ??smodes, and the Vice-Minister of Territorial Governance, Ra??l Molina, held a meeting this weekend with the Cusco Regional Governor, Jean Paul Benavente, where they addressed the situation regarding a blockade affecting Las Bambas copper mine.For 48 days now, the Indigenous community of Nueva Fuerabamba has blocked Chinese miner MMG Ltd from using a...Read More
According to global risk consultancy Verisk Maplecroft's latest Resource Nationalism Index (RNI) report, a total of 30 countries have registered a significant increase in resource nationalism risk metrics over the past year, 21 of which are considered major producers of oil, gas and minerals.The RNI is aimed to measure the risk of expropriation, the imposition of more stringent fiscal regimes, and...Read More
SANTIAGO - Chile's Antofagasta expects to reach an agreement with miner BHP to help ensure water supply at its Zalidvar copper mine in the country's northern desert, a company official told a Chilean newspaper on Friday.Antofagasta needs access to water for the future development of its Zaldivar copper deposit, which is near BHP's Escondida mine, the world's largest copper mine. Zaldivar's size, h...Read More
LUSAKA - Vedanta Resources has appointed Christopher Sheppard as the new chief executive officer for its Zambian unit Konkola Copper Mines Plc (KCM), the local firm said on Friday.Sheppard has 35 years of mining experience and takes over from acting CEO Venkatesan Giridhar, who will now revert to his role as chief financial officer, KCM said in a statement.Sheppard has previously held leadership r...Read More
MANILA - Philippine copper and gold producer Philex Mining Corp on Friday said the start of output at its Silangan mine in the south of the country would be delayed by four years until 2022, hit by a national ban on new open-pit mining.The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022.Silangan w...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe plan defines the project scope and how the company will operate the US$1.9 billion copper-molybdenum-silver openpit project on the eastern slope of the Santa Rita mountains southeast of Tucson.When completed, the mine is expected to produce 127,000 tonnes per annum of copper concentr...Read More