PETERBOROUGH - Ontario's government is working for the people by holding consultations to hear from businesses firsthand on industrial electricity pricing and programs.Paul Calandra, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, met with business leaders in Peterborough today. This session is one of several in-person consultations to be held with key industry s...Read More
On Monday, May 13, McEwen Mining reported that a fatal accident involving a contractor's employee occurred at the Gold Bar Mine in Nevada. The Company initiated an investigation into the accident, working with the contractor and the local authorities to determine the cause. The accident involved a haul truck that overturned while operating at the site, and the individual who was fatally injured...Read More
On Monday, May 13, McEwen Mining reported that a fatal accident involving a contractor's employee occurred at the Gold Bar Mine in Nevada. The Company initiated an investigation into the accident, working with the contractor and the local authorities to determine the cause. The accident involved a haul truck that overturned while operating at the site, and the individual who was fatally injured...Read More
Canada is giving the country's mining association more than C$325,000 ($242K) to develop a program that would give miners the tools and knowledge needed to better plan for climate change in decision-making at all stages of an operation's life.The project - Climate Change Risk and Adaptation Best Practices for the Mining Sector - was announced Friday by Paul Lefebvre, Parliamentary Secretary t...Read More
Canada is giving the country's mining association more than C$325,000 ($242K) to develop a program that would give miners the tools and knowledge needed to better plan for climate change in decision-making at all stages of an operation's life.The project - Climate Change Risk and Adaptation Best Practices for the Mining Sector - was announced Friday by Paul Lefebvre, Parliamentary Secretary t...Read More
Brazil's Vale's warning that a tailings dams at its shuttered Gongo Soco mine in Minas Gerais is at risk of rupturing as soon as next week lit a fire under iron ore prices on Friday, sending the steelmaking raw material to a five-year high.The Chinese import price of 62% Fe content ore jumped 2.5% on Wednesday to trade at $101.71 per dry metric tonne, according to data supplied by Fastmarkets MB...Read More
"We have combined our renowned industry insight and project knowledge to put together a two day event to both discuss key market issues, and promote only the best opportunities to our global investor audience. Check out our latest agenda #MJS #MJselect: https://t.co/NOygAHIFEZ"Read full newsRead More
Ontario's government is working for the people of Northern Ontario by supporting economic development in Sault Ste. Marie with an investment in streetscapes, buildings and public spaces, creating 20 new indirect jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced an investment of $600,000 to help the City of Sault?EUR?Ste. Marie rev...Read More
Zambian President Edgar Lungu. Image from You Tube.Zambian President Edgar Lungu threatened to "divorce" the domestic copper units of Vedanta Resources Plc and Glencore Plc after the companies said they'd curb operations in the southern African nation.The threat marks an escalation in tensions between the mining industry in Africa's second-biggest copper producer and the state, after an increase i...Read More
Michael Willoughby, head of Asia Pacific metals and mining investment banking at JPMorgan Chase & Co., is leaving to join British lender Standard Chartered Plc, people familiar with the matter said.Willoughby has been named co-head of metals and mining for the region at Standard Chartered and will be based in Singapore, the people said, asking not to be identified as the appointment isn't yet publ...Read More
". @ModResources is a dual listed copper exploration and development company with a dominant land position within the Kalahari Copper Belt in Botswana. We are looking forward to welcoming them on Mining Journal Select's stage this June #MJS #MJSelect"Read full newsRead More
South Africa's Competition Appeal Court said Friday that Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) planned takeover of Lonmin (LON:LMI) could go ahead, clearing the way for shareholders to vote on the transaction that would create the world's second-largest platinum producer.The transaction would create the world's second-largest platinum producerThe country's Competition Tribunal had approved t...Read More
Northern Superior Resources (TSXV: SUP) reported the discovery of eight gold-bearing structures and alteration zones at its Ti-pa-haa-kaa-ning (TPK) gold-silver-copper project in northwestern Ontario.In a press release, the miner said the discoveries represent a critical and important advance in defining bedrock-hosted high-grade gold mineralization, necessary to yield the unique world-class gold...Read More
Diamond Fields Resources (TSX-V: DFR) announced that it has entered into a cooperation agreement with TMH Acquisition, a special purpose vehicle established by the Denham Mining Fund, to advance the company's Beravina project in Madagascar.In a press release, Diamond Fields said that pursuant to the agreement, TMH will make an immediate payment of $250,000 and will fund the next stage of explorati...Read More
Billionaire mining investor Robert Friedland is close to a deal to take over an iron ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation.Friedland is in advanced talks with BHP, Newmont Goldcorp Corp. and Areva SA, that will see him move to develop the Nimba deposit on Guinea's border with Liberia, said the people, who asked not to be identified a...Read More
"Global Gold Mining Market 2019: key Vendors, Trends, Analysis, Segmentation, Forecast to 2024 https://t.co/9Ud455KUPt"Read full newsRead More
Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) said it wasn't aware of any material change that would account for a sharp price rise in its stock on Thursday and into early trading on Friday, following reports that the miner was exploring a possible sale of all or parts of its business.The Toronto-based firm, which doesn't usually comment on speculation and rumours, didn't openly...Read More
The publication of PwC’s BC Mine report gave a boost to Canadian mining stocks this week with news that gross revenues from mining in British Columbia reached a record high last year. BC miners posted gross revenue of C$12.3 billion, compared with C$11.7bn in 2017, even as capital expenditures fell to C$1.2bn, from C$1.5bn. The revival of the Golden Triangle by an exciting array of...Read More
The junior resource sector is a people business. In my view, making money consistently in a sector which is fraught with risk and failure, without a doubt, is inextricably linked to the quality of the people who are running the companies with which I am investing.This statement, and statements like it, are very likely the most common answers you will hear from many pundits throughout the industry....Read More
That's the only way to describe this stock market. It won't end well for the hedge funds whose algos are chasing price momentum nor for the retail daytraders playing the game of "greater fool." Apparently CSCO and WMT's "beat" triggered a multi-hundred point spike in the Dow on Thursday. Funny thing about that. CSCO's one-cent "beat" has been routine since the late 1990's.Walmart also "beat." But...Read More