The Golden Triangle (GT) in northwestern British Columbia (Canada) is a tremendous place to explore and make precious & base metal discoveries. It's known for monster high-grade gold deposits, but also hosts silver, copper & other base metals. When one considers the GT, one might think of Pretium Resources' new bonanza-grade gold (Au) mine. Pretium has an Enterprise Value of about C$2.6 B...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe bank increased the target price to £11 (US$14.47) per share from the previous £10/share and also retained the "outperform" rating, noting that copper was still one of its favoured commodities and, as a copper pure play, Antofagasta was poised to benefit from the upside seen in the commodity.Antofagasta's share price fell...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalGolden Mile has the right stuff: ReynoldsSPONSOREDgolden mile resourcesThere was once a time when I was immortal. In my 20s, I was fit. Rugby t...Read More
RESOURCEStocks: Element 25 expects to complete about 7,000m of infill drilling (200 holes) on the Yanneri Ridge deposit at Butcherbird in Western Australia by the end of November, which will feed into a revised resource estimate (January 2019), and also the planning for a starter pit in an area with a maiden reserve being incorporated in the project PFS. What can you say at this stage about what i...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Glencore's subsidiary in the Democratic Republic of Congo, Katanga Mining (TSX:KAT), will temporarily halt cobalt exports from its Kamoto Project after finding high levels of uranium in the ore.The copper and cobalt producer said levels of the radioactive metal exceeded the acceptable limit allowed for export through major African ports.The suspension is expected to defer Katanga's revenue from co...Read More
* U.S. re-imposes sanctions on Iran's oil, banking sectors* Washington grants oil waivers to eight countries* Top Iranian oil buyers temporarily exempted* Oil prices turn negative after earlier gains* Trump says does not want a spike in oil prices (Updates with Trump comments, analyst quote)By Humeyra Pamuk and Timothy GardnerWASHINGTON, Nov 5 (Reuters) - The United States snapped sanctions back i...Read More
* SBI posts profit after 3 qtrs of losses* One-time gain, lower provisioning help* SBI has complete control of "demon" of NPA - chairman* Exposure to IL&FS not cause of concern to SBI as of now - chairman* SBI shares post 2-mth closing high (Adds chairman comments, details on one-time gain)By Chris Thomas and Abhirup RoyBENGALURU/MUMBAI, Nov 5 (Reuters) - State Bank of India (SBI)...Read More
Nov 5 (Reuters) - State-run gas utility GAIL (India) Ltd GAIL.NS posted a 50 percent jump in second-quarter profit on Monday, boosted by higher revenue from its natural gas marketing business.Profit came in at 19.63 billion rupees ($268.86 million) for the three months ended Sept. 30, compared with 13.10 billion rupees a year earlier, the company said https:// on average had expected a profit of...Read More
* U.S. bond yields slip before massive supply this week* Sterling up on Brexit deal hopes* Crude up as Iran sanctions kick in (Updates prices, changes comment, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 5 (Reuters) - An index of stocks on major markets were flat on Monday, following four days of a bounce-back from a 14-month low, ahead of a key vote to define the power balance in...Read More
Investing.com - Gold prices were little changed on Monday as traders braced for the U.S. mid-term elections and the Federal Reserve’s November meeting due later this week.At 9:18 AM ET (14:18 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped 30 cents, or 0.02%, to $1,230.70 a troy ounce.Voters on Tuesday will decide key races in Congre...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesThe Toronto-listed company acquired the project from Australia-based Condor Resources in January and since then has...Read More
The Chinese Ministry of Commerce has added its stamp of approval to the proposed friendly merger, which Zijin would use in combination with the previously received National Development and Reform Commission nod to apply for final approval from the Chinese State Administration of Foreign Exchange department.The substantial deal is not subject to financing conditions and no specific closing date has...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal international The two countries have much in common: Westminster-style democracies, being part of the Com...Read More
NOVEMBER 2, 2018 - Michael Rowley, president and CEO of Group Ten Metals sits down with Maurice Jackson of Proven and Probable to discuss his companies exploration for platinum, palladium, nickel, copper and cobalt in the Stillwater area of Montana. This is part 2 of a 3 part series introduction into the value proposition of the Metallic Group of Companies.Original Source: https://www.stree...Read More
SEATTLE - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that affect salmon habitats.Advocates...Read More
LONDON, Nov 5 - The cost of building a copper or gold mine is likely to be cheaper than buying an existing one, dampening the prospect of big merger activity in the mining sector, S&P Global Market Intelligence said, citing in-house research.Data shared with Reuters support comments from major miners, including BHP and Rio Tinto , which say their strategy is to build or to "smart buy", if they can...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
Investing.com - Oil traders are likely to stay focused on global supplies in the week ahead, after prices suffered their fourth consecutive weekly loss, pressured by U.S. plans to issue waivers on Iranian crude sanctions.The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, to keep buying Iranian oil after it reimposes sanctions on T...Read More
JERUSALEM, Nov 4 (Reuters) - Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had large reserves of natural gas off its Mediterranean coast.It will publish details of the tender by the end of the month and, about half a year later, choose the...Read More