GABORONE - Mowana Mine, Botswana's only operating copper mine, has suspended operations due to working capital constraints which has seen the company fail to pay salaries and suppliers, it said on Tuesday.Mowana had a conditional $4 million working capital facility from Fujax Minerals and Energy Limited, from which it had drawn down $1 million.Copper prices on the international market have been re...Read More
Antipa Minerals (ASX:AZY), the company conducting exploration at a Western Australia-based copper project with partner Rio Tinto (ASX, LON, NYSE:RIO), said Tuesday it had so far failed to find any economically viable veins of ore at the asset.In an update Tuesday, the junior miner noted "weak mineralization" in the Folly target area that is part of the Citadel project, located in the Paterson pro...Read More
Global miner Anglo American (LON:AAL) is ending 2018 on a high note, the company reported Tuesday. Anglo expects total production for the year to be 2% above of previous guidance, with costs decreasing by 5%."We are also confident about the outlook, with production expected to increase by 3% in 2019, with cost inflation fully absorbed by our productivity and cost improvements," chief executive M...Read More
The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great beneficiary of this ominous stoc...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 mineralsCapstone said Monday the polymetallic underground mine now boasted 89% more compliant reserves at 6.2 million tonnes gr...Read More
The impending battle for control of DR Congo - and its mineral riches - threatens further pain for miners. The 23 December presidential, provincial and legislative elections are likely to have one of two outcomes. The first scenario, our base case, is a dubious electoral victory for Emmanuel Ramazani Shadary (anointed successor to the current president) and his incumbent electoral grouping, the FC...Read More
Pan Global Resources (TSXV: PGZ) was granted a mineral exploration permit on the Escacena gold / copper / zinc prospect in the Iberian Pyrite Belt in southern Spain. In a press release, the Vancouver-based miner said the Escacena Investigation Permit was granted and a formal notice was received by current owner EVALAM 2003 SL. Yet, Pan Global has a binding Letter of Intent with EVALAM, providing t...Read More
CHILE - Over the last 15 years, Newcrest Mining has discovered gold deposits in Australia, Papua New Guinea and Indonesia and continues to explore and evaluate prospects in those countries as well as in many others including Fiji, North America, Mexico, Cote d'Ivoire, Chile, Argentina, and Ecuador.This week it signed an option agreement in Chile to earn up to a 75% interest in Cornerstone Capital...Read More
NEW DELHI - India's environmental court on Monday said it will issue its judgment in one week on whether to allow Vedanta Ltd to re-open its copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.A panel of experts set up by India's National Green Tribunal, informally known as the environmental court, in November said authorities in Tamil Nadu state...Read More
KINSHASA - Democratic Republic of Congo's state mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49 percent after the two companies renegotiated terms.The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing eno...Read More
Capstone Mining (TSX: CS) released today positive results of an updated technical report for its Cozamin mine, located north-northwest of Zacatecas City in the Mexican north-central state of the same name.Cozamin is a polymetallic underground mine with a surface milling facility.According to the updated report on the operation, Proven and Probable Mineral Reserves increased significantly compared...Read More
Everyone has different reasons for investing or speculating in the resource sector. I believe, for the majority of the participants, it's the allure of 10 baggers that attract them to the juniors.While the appeal to windfall profits is attractive to almost anyone, I believe it's exactly this mindset that keeps many investors from actually realizing the gains they are given in the market.Too many t...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 mineralsMOD's shares were down 17.65% Monday to A28c (US20c).The fall came despite the company, which has teamed up with Metal...Read More
Look beyond market approach to project valuations: van ZylLeadershipSustained 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 uraniumAs an agent for purchasers, PearTree would subscribe for up to 12.5 million flow-through shares at 41.3c, Sun Metals sa...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedUnder the agreement, South32 will provide US$1 million funding for generative work and acquisitions per year over two years.Generative work will focus on copper and other base metal projects within the Laramide and Tertiary magmatic arcs of Arizona, New Mexico and Utah.PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x lim...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe country's copper imports fell for the first time this year, down 3% on the year, Bloomberg reported.China's iron ore imports fell for a second month in November, Reuters reported, pulled down by waning restocking demand at steel mills as profit margins narrow.PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedBl...Read More
Never afraid to back his own judgement, or take risks leaders of other mining companies might avoid, Glasenberg looks like a man who needs to make changes to the way he operates.&...Read More
China's monthly copper imports dropped for the first time this year - joined by declines in iron ore and soybeans - as economic growth slows in the world's biggest consumer of commodities amid a simmering trade row with the U.S.Oft-cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally. Goldman Sachs Group Inc....Read More
In a series of talks that took place within the COP24 summit in Katowice, Poland, defenders of the circular economy highlighted the importance of including mining of rare earth metals into their discussions.Based on a research document focused on the Netherlands and prepared by consulting and venture building firm Metabolic, the experts agreed that resources are the missing link in the climate deb...Read More
By Malini MenonNEW DELHI, Dec 8 (Reuters) - Dozens of chartered planes carrying celebrities, including former U.S. secretary of state Hillary Clinton, flew into a sleepy airport in western India for the lavish pre-wedding festivities for the daughter of India's richest man.Isha Ambani, 27, daughter of Reliance Industries RELI.NS chairman Mukesh Ambani, will marry Anand Piramal, 33, in the financ...Read More