PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedBMO analyst Colin Hamilton said in a note there were many questions in the metals market raised by the trend in China of positive fiscal spending statements, but weak consumer-led data points, whichRead More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe initiative uses a proprietary technology to reprocess old and fresh tailings of Codelco Chile's El Teniente division to recover copper and molybdenum.Read More
Mining companies operating in Zambia have failed to show how higher taxes introduced this year will affect their profitability despite objecting to the new framework, a senior government official said on Thursday.The country, Africa's second-largest copper producer, increased its sliding scale for royalties of 4 to 6 percent by 1.5 percentage points from Jan. 1 and introduced a new 10 percent tax...Read More
Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon.The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson's hedge fund, which pushed for a complete overhaul of the board and Kenyon's resignation.Williams is a mining industry veteran and was a for...Read More
Global miner Anglo American (LON:AAL) announced Thursday changes at the top that will see Ruben Fernandes, chief executive officer of the company in Brazil, being replaced by mining veteran Wilfred (Bill) Bruijn, effective March 1.Fernandes, who has led Anglo's iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals. That position is curr...Read More
Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) began the year with some key board changes by announcing Josef El-Raghy had moved from executive chairman to chairman, 16 years after becoming managing director.The company, which closed 2018 with disappointing news related to its Sukari gold mine in Egypt, said El-Raghy will remain on the board while the search for a successor continues.The E...Read More
by Robert KientzSummaryI discuss the recent streaming deal with Northern Vertex CEO Ken Berry.We also go over the $8 million private placement.During the interview, we cover extensively the accomplishments for 2018 as well as the options the company has to expand production and acquire new assets.I analyze the optionality for both companies, Maverix and Northern Vertex.I discuss why this deal, alo...Read More
Zijin announced last Friday it had accepted 89.37% of the total outstanding Nevsun shares tendered under the takeover offer and will pay $1.67 billion for the tendered shares.Read More
Rhyolite Ridge PFS beats expectationsSPONSOREDioneerThe Vancouver Resource Investment Conference (VRIC), to be held on January 20-21, is shaping up to be the largest show in six years, organiser Cambridge House International CEO Jay Martin told MiningRead More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Blackwater founder Erik Prince aims to raise as much as $500 million to invest in metals needed for making the batteries that power electric vehicles (EVs), the Financial Times reports.Prince, who besides starting the controversial private security company is known for have been an informal campaign adviser to US President Donald Trump, said the fund will bring unexplored deposits into productio...Read More
China's No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada's Nevsun Resources (TSX, NYSEMKT:NSU), the biggest overseas purchase since the Beijing-backed miner went public in Hong Kong in 2003.Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder...Read More
In October, the U.S. Securities and Exchange Commission (SEC) adopted a final rule that overhauls its existing disclosure requirements for mining company issuers. The new disclosure requirements replace the SEC's existing Industry Guide 7 which had not been updated in over 30 years. The final rules provide a two-year transition period so that a registrant will not be required to begin to comply wi...Read More
As three of the most popular posts in 2018 on MINING.com cover battery materials, it is evident that the attention of the mining industry has shifted. As always, reads for the gold market follow closely behind.Interestingly enough, our 3rd place article on the list of top 10 reads was first published at the start of 2017. You know it's a good read when a story makes the list two years in a row.#...Read More
Rio Tinto and Mongolia have signed a deal for the supply of power to the miner's giant copper mine extension at Oyu Tolgoi by mid-2023, with both sides saying the framework agreement marked a step forward after a protracted dispute.The Oyu Tolgoi project is central to Rio Tinto's push to diversify its portfolio away from iron ore, but it has faced a series of challenges as Mongolia's fragile gover...Read More
SANTIAGO - Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, the government said on Monday.Copper production rose 7 percent from the same month the previous year, Chile's national statistics agency INE said, putting it at its highest level since D...Read More
Stock markets are forever cyclical, an endless series of alternating bulls and bears. And after one of the greatest bulls in U.S. history, odds are a young bear is now gathering steam. It is being fueled by record Fed tightening, bubble valuations, trade wars, and mounting political turmoil. Bears are dangerous events driving catastrophic losses for buy-and-hold investors. Different strate...Read More
SANTIAGO - Chilean miner Collahuasi, owned by Anglo American Plc and Glencore Plc, has applied for an environmental permit to extend the life of its deposit with an estimated $3.2 billion investment, the company said on Thursday.The project at Collahuasi, one of the world's largest copper mines with an estimated 2018 production of 545,000 tonnes, will upgrade operations to improve efficiency and p...Read More
Coups, rebel conquests, assassin's bullets - they've all ended presidencies in the Democratic Republic of Congo. This weekend, the vast central African nation is banking on a new method: the ballot box.With three main candidates vying to replace Congo's long-serving leader, Joseph Kabila, Sunday's elections could lead to the mineral-rich country's first transfer of power through voting since indep...Read More
Weary investors who endured the September and October stock market "crash season" felt they should be richly rewarded for their incredible patience... with a wondrous Santa Claus rallyPlease click here now. The traditional Santa Claus rally has morphed into a hideous Santa Claws mauling of millions of US stock market price chasers. It's a gruesome sight. The good news, clearly, is that my p...Read More