LONDON - Canadian copper producer Imperial Metals has hired Bank of Montreal (BMO) to speed up a restructuring process that could include the sale of the company for up to $1 billion, two sources familiar with the matter said.Imperial Metals, backed by Canadian billionaire Murray Edwards, earlier this year set up a special committee to identify strategic alternatives including joint ventures and a...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe deal, which was announced in June, would have seen the Melbourne-based private equity firm pay US$230 million for the mine, plus around $40 million through the sale of copper stockpiled at the operation, and up to $50 million in the future depending on the copper price.The acquisition was set to close before the end of December...Read More
Sustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsIn an open letter to Hudbay shareholders on Thursday, Waterton chief investment officer Isser Elishis lamented Hudbay's...Read More
Indonesian nickel mining group Silkroad Nickel (SGX: STP) has announced that its subsidiary, PT Teknik Alum Service, entered into a new long-term offtake agreement with PT TBR to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.The total contract value of the agreement is estimated to be in excess of $290 million.PT TBR is part of the Qingdao Hengsh...Read More
OK2 Minerals (TSXV: OK) entered into an arms-length definitive agreement with EMX Royalty (TSXV: EMX) to acquire the past-producing Bleikvassli Cu-Zn-Ag-Pb-Au Mine, and the Sagvoll and Mer??ker Zn-Cu projects, all located in Norway, as well as the advanced-stage Bastutr??sk Zn-Cu-Au project in Sweden.In a press release, the Vancouver-based miner said that together with the acquisition, it will und...Read More
Three unions at Codelco's Chuquicamata mine downed tools late Wednesday and blocked access to the century-old operation, claiming that the Chilean copper miner has been violating agreements with workers and threatening union leaders.A spokeswoman for the company, the world's No. 1 copper producer, told MINING.com the mine was operating normally, adding that the blockage has not prevented workers f...Read More
Where are the populist government leaders who are cutting their outrageous government debts?The answer, unfortunately, is that they do not exist.Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.None of this fazes the world's populist leaders. They believe they alon...Read More
Sustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsMining, oil and gas combined contributes 37% of the territory's gross domestic product, making the it the north's large...Read More
Toronto-based Power Ore (CVE: PORE) plans to buy the Opemiska copper complex from Explorateurs-Innovateurs de Quebec(Ex-In), a privately owned company. The property - consisting of the historic Springer and Perry mines and the mill - was operated by Falconbridge from 1953 to 1991. The two mines yielded 23 million tonnes of ore grading 2.4% copper and 0.3 g/t gold.The Opemiska complex is adjace...Read More
Casa Minerals (TSXV: CASA) has discovered a new zone at its Pitman gold project near Terrace, B.C., 1 km south of the Golden Dragon gold discovery it made earlier this year.Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km. The zone remains open in all directions....Read More
A recent report on Canada's mining sector suggests that there may soon be a rebound in the industry, but it warns that a drop in the number of mining engineering graduates needs to be countered with educational reform to achieve sustainability.The Mining Industry Human Resources Council's (MiHR) annual Canadian Mining Labour Market Outlook 2019 notes declining enrollment in mining engineering p...Read More
Voters in the world's second-largest producer of mined copper and zinc cast out some fierce opponents of giant mines, ushering in a change of guard that could potentially lure investments to some of Peru's most impoverished regions.Citizens in Cajamarca, the South American nation's poorest region, elected pro-investment candidate Mesias Guevara, ending the rule of an anti-mining movement that has...Read More
BHP, (ASX:BHP) the world's No.1 miner, won't sell its smallest Chilean copper operation this year after all, as would-be buyer EMR Capital Advisors Pty, an Australian private equity firm that invests in natural resources, failed to meet a financing deadline for the $230 million cash deal.The Melbourne-based mining giant had decided to offload Cerro Colorado mine in May last year, as part of ch...Read More
In recent days we've seen the beginnings of an inversion in the yield curve.The 2-year yield and the 5-year yield have inverted but not yet the the 2-year yield and the 10-year yield, the curve that is watched most. However, "2s and 10s" as bond traders would say appear headed for an inversion very soon.We know that an inversion of the yield curve precedes a recession and bear market. That is good...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedCEO Mark Cutifani told a briefing for investors and analysts Tuesday he was confident about the company's outlook, with Anglo's production expected to be 2% higher than the full-year 2018 guidan...Read More
Waterton bought 912,763 Hudbay common shares on the open market at C$6.4973 for a total investment of $5.93 million.It previously expressed opposition to Hudbay's commitment to any further mergers and acquisitions, saying the company had enough quality projects to create significant shareholder value.Waterton had requisitioned a special meeting of shareholders on October 23, to have sharehold...Read More
Sustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsIt is that time of year again where we all put our brains on idle and suspend belief for a bit - and it is most relaxin...Read More
* Government plans higher taxes in January* Additional revenue to help bring down mounting debtLUSAKA - Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday.Africa's No.2 copper producer plans to introduce new mining duties, replace Value Ad...Read More
Amarc Resources (TSXV: AHR; US-OTC: AXREF) has identified five clusters of drill ready targets that cover areas ranging from 1.5 sq. km to more than 5 sq. km during 2018 exploration at its JOY copper-gold project in north-central B.C.'s Toodoggone region.Hudbay Minerals (TSX: HBM; NYSE: HBM) funded the $2.5 million exploration program. It also spent $1.15 million in 2018 to help Amarc acquire un...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More