OTTAWA, May 8, 2018 /CNW/ - The Mining Association of Canada (MAC) has awarded Vale's Sudbury Operations in Ontario and IAMGOLD's Essakane Gold Mine in Burkina Faso with TSM Excellence Awards for their innovative sustainability projects. The companies were recognized with the awards yesterday at the CIM Awards Gala in Vancouver."We congratulate Vale and IAMGOLD for their outstanding projects. Toge...Read More
TORONTO, May 8, 2018 /CNW/ - The Green Ontario Fund has announced details of the much-anticipated rebate program for solar PV and energy storage installations. This program will provide qualifying businesses $0.75 per watt for solar panel installations up to 500 kW (AC). Commercial and industrial buildings, which account for nearly 25 per cent of the province's greenhouse gas emissions, can now be...Read More
Mr. Jeff Husseyof Osisko Metals reportsOSISKO METALS INTERSECTS 8.45 % ZINC+LEAD OVER 8.25 METRES AT PINE POINTOsisko Metals Inc. has released assay results from 27 shallow drill holes completed in the L27 deposit area. Drill hole EM-18-PP-017 intersected 7.05 per cent zinc and 1.40 per cent lead over 8.25 metres. The L27 deposit is located 3.8 kilometres northeast of L36, which was reported previ...Read More
Royal Dutch Shell (LON:RDSA) is selling its entire stake in Canadian Natural Resources (TSX:CNQ) for about $3.3 billion, as part of a planned exit from Canada's oil sands sector.The Dutch giant, the world's second largest publicly traded oil company, said it would use proceeds of the sale of almost 98 million shares - about 8% of CNR - to pay down debt.Shell obtained its stake in CNR last yea...Read More
China, for its part, has neither confirmed nor denied the existence of the missiles...Read full newsRead More
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Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Companies team up after lack of engagement by Nevsun managementRead full newsRead More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Mr. Joe Campbell reportsTERRAX EXTENDS CRESTAURUM ZONE TO 300 METERS VERTICAL DEPTH, DOUBLING SIZE OF KNOWN MINERALIZED STRUCTURETerrax Minerals Inc. has released assay results from the remaining 11 holes drilled at the Yellowknife City gold project this winter.Four of these holes (1,170 metres) were drilled on the high-grade Crestaurum gold-bearing structure to test whether gold mineralization co...Read More
Shares in base metals producer Nevsun Resources (TSX, NYSEMKT:NSU) skyrocketed on Tuesday after the company's board unanimously rejected a Cdn$1.5-billion (about $1.2bn) unsolicited bid from fellow Canadian miners Lundin Mining and Euro Sun Mining.The suitors had disclosed late on Monday the takeover offer for Vancouver-based Nevsun, noting their disappointment for not having been able to reach a...Read More
A legal case to dissolve a Glencore mining subsidiary in the Democratic Republic of Congo has been suspended pending a decision by the Supreme Court, the mining giant said on Tuesday. Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.The temporary suspension comes after the Supreme...Read More
Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More
Bitmain's Newest ASIC Can Mine Bitcoin Gold, ZcashRead full newsRead More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) took a hit on Wednesday after the company announced it had found a blockage in the pipeline that carries copper concentrates from the Los Pelambres processing plant to nearby ports.The company said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30...Read More
Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), has found a 25.97-carat rough emerald at its Coscuez emerald mine in Colombia.The company, which began operations a year ago, says the gemstone is a "rare and exceptional" one, given its size, colour saturation and clarity.The 25.97-carat gemstone has been named the "?,...Read More
Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it's due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a new high). Few would say the fundamentals are not in place. No one can know for certain but Gold's...Read More
Nevsun's Timok copper-gold exploration project in Serbia. Source: Nevsun Resources Ltd.Nevsun Resources Ltd. [NSU-TSX; NYSE AMERICAN] shares jumped 16.1% in early trading Tuesday May 8 after the company said it had rejected an unsolicited $1.5 billion offer from Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] and Euro Sun Mining Inc. [ESM-TSX, CPNFF-OTC].Nevsun said the non-binding unsolicited proposal...Read More