Hungarian-born Munk built Barrick up from modest investments in two small mines in Ontario and Quebec in 1983 to a company with operations spanning across the Americas to Saudi Arabia, Zambia, Papua New Guinea, and Australia.Born into a prosperous Jewish family in Budapest in 1927, Munk and his family fled the invading Nazis in 1944 and arrived in Toronto with a single suitcase in 1948, when Peter...Read More
St-Onge, who has a Queen's University MBA, spent the past nine years with Export Development Canada, most recently leading development of EDC's relationships with Canada's largest financial institutions."The future of mining is digital and Micromine's first class software solutions make it perfectly placed to embed itself as the new industry standard in North America," she said this week.St-Onge i...Read More
The company said this week that due to the disappointing performance of its mining business and the impact of legacy residential projects, it expected to post a full-year underlying net loss before tax of A$3-5 million.Read More
CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSXV:CUU) (OTC-Pink:CPFXF) is pleased to announce that its unaudited interim consolidated January 31, 2018 financial statements have been filed on SEDAR. All of the Company’s material subsidiaries are wholly owned, except for Carmax Mining Corp. (“Ca...Read More
While only 5-6 rigs at this stage - added to a fleet cut down from 889 at the end of 2016 to 720 units last year - Boart global director of commercial drilling services, Bob Buto said the high-tech machines would help meet the changing needs of users."We will continue to evaluate opportunities where we can help our customers meet their 2018 exploration goals using the latest technology," he said.B...Read More
WMI said the launch advanced the application of digital technologies in support of safer and more efficient mining operations.According to Sibanye-Stillwater, the initiative leverages a growing range of on-site facilities with multi-disciplinary research that draws on expertise from other departments at the university and from partners locally and abroad.It is a simulated mining environment in the...Read More
Mid-tier gold and copper miner Aura Minerals (TSX:ORA) announced that it is working towards reactivating its Aranzazu and S??o Francisco gold projects in Mexico and Brazil, respectively.During a conference call held to announce its consolidated financial statements for the years ended December 31, 2017 and 2016, President and CEO Rodrigo Barbosa said that besides making efforts to bring the mines...Read More
Edmonton-based Grizzly Discoveries announced its intentions to purchase the cobalt-copper-silver "Robocop Property," located within the Fort Steele Mining District in southeastern British Columbia.In detail, the property is located east of the company's Greenwood property or approximately 45 kilometres south of the town of Fernie, immediately north of the Canada-US border. Robocop is comprised of...Read More
BEIJING, March 28 (Reuters) - Jiangxi Copper Co Ltd, one of China's biggest copper smelters, said on Wednesday its 2017 net profit more than doubled, growing at the fastest pace in seven years, mainly due to higher copper prices.The Nanchang-based company also aims to increase its copper output in 2018, though it will be monitoring the market due to the country's expected slower growth in key infr...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) may soon make a decision about whether or not to restart operations at its La Coipa gold and silver mine in northern Chile, as it expects to receive the remaining permits to resume mining by July.Operations at La Coipa mine, located in Chile's Atacama Region, were halted in 2013, when the targeted orebody run out of riches. But the results of a pre-f...Read More
The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt.At least that's the legend in Kolwezi. Once a few locals discovered the metal underfoot five years ago, everyone grabbed hand shovels and pickaxes; they tunneled beneath homes, schools and churches. And that's how a working-class neighborhood, located on the edges of a densely populated city of hal...Read More
Japan's JXTG Holdings Inc on Wednesday raised its net profit forecast by about 12 percent for the ongoing fiscal year despite an impairment loss of 125 billion yen ($1.2 billion) at its Caserones copper mine in Chile due to higher production costs.The Japanese energy and metals company said annual net profit for the year ending March 31 would touch 335 billion yen, against an earlier estimate of 3...Read More
(Updates to U.S. equity market close)* U.S. stocks struggle to maintain momentum; tech stocks fade* Buying lifts Treasury prices even with Europe, Asia stocks higher* Reports China and U.S. quietly working to avoid trade warBy Trevor HunnicuttNEW YORK, March 27 (Reuters) - U.S. stocks sank in late trading on Tuesday, with faltering technology shares reversing a global stock rally that had swept th...Read More
(Updates to afternoon U.S. trading)* Reports China and U.S. quietly working to avoid trade war* U.S. stocks struggle to maintain momentum; tech stocks fade* Buying lifts Treasury prices even with Euro, Asian stocks higherBy Trevor HunnicuttNEW YORK, March 27 (Reuters) - U.S. stock indexes were at session lows in the last hour of trading on Tuesday as faltering technology shares threatened to rever...Read More
* European markets climb, S&P positive* Reports China and U.S. quietly working to avoid trade war* Euro reverses gain on lending data, policymaker comment (Updates to U.S. equity market open; changes dateline, previous LONDON)By Trevor HunnicuttNEW YORK, March 27 (Reuters) - Stock markets mostly gained on Tuesday as reports that the United States and China were negotiating to avert a trade war...Read More
Investing.com - Gold fell on Tuesday as the dollar was bolstered by news that China and the U.S. were negotiating a trade deal.Comex gold futures for April delivery slumped 1.02% to a five-week high of $1,341.20 a troy ounce as of 10:28 AM ET (14:28 GMT).The U.S and China are negotiating trade agreements to give the U.S. access to Chinese markets, according to various media reports.China has offer...Read More
March 27 (Reuters) - Vedanta Resources Plc VED.L said on Tuesday its India unit Vedanta Ltd's VDAN.NS copper smelting operations at Thootukudi, in the southern state of Tamil Nadu (NS:TNNP), will be closed for about 15 days as part of a maintenance shutdown.The news of the maintenance activity, which Vedanta said was earlier scheduled for April, comes amid local media reports that thousands had...Read More
* European markets open higher, S&P futures extend gains* Reports China and U.S. quietly working to avoid trade war* Currency investors dump dollar and yen, snap up euros (Adds European markets)By Tom PfeifferLONDON, March 27 (Reuters) - Stock markets jumped and the dollar fell on Tuesday as reports that the United States and China were negotiating to avert a trade war whetted investors' appet...Read More
Investing.com - Gold prices backed away from five-week highs on Tuesday as the dollar pushed higher and risk appetite was revived by hopes that the threat of a trade war between the U.S. and China could be averted.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange slipped $3.4 or 0.26% to $1,351.70 a troy ounce by 04:40 AM ET (08:40 GMT).The U.S. dollar index...Read More
* Asia shares track Wall St rebound, Nikkei up over 2 pct* European markets seen opening higher, S&P futures extend gains* Reports China and U.S. quietly working to avoid trade war* Currency investors dump dollar and yen, snap up eurosBy Wayne ColeSYDNEY, March 27 (Reuters) - Asian share markets sprang higher on Tuesday as reports of behind-the-scenes talks between the United States and China...Read More