An integrated sensor network designed for active real-time monitoring of mine structures and accurate location of personnel and equipment won the top prize at the 2018 HackMines Newmont Innovation Challenge. Point Mine Innovations won a $2,500 cash prize and up to $7,500 in grants from the Newmont Innovation Fund to further develop their proposal. A panel of Newmont mining experts judged the fi...Read More
Ian Lange, assistant professor of economics and business at Colorado School of Mines, was recently interviewed by Wyoming Public Media about a potential Westmoreland Coal Co. bankruptcy and the company's mine-mouth operations. From the story:Ian Lange, Assistant Professor and Director of the Mineral and Energy Economics Graduate Program at the Colorado School of Mines said mine-mouth operations a...Read More
The Double StandardWhen Volkswagen executives found out U.S. regulations would kill one of their diesel models, they pulled some tricks. They fooled U.S. regulators by installing software which misrepresented the emissions released.But the U.S. found out, and arrested the top executives involved.One of them, a German citizen, was sentenced to 7 years in prison late 2017 for his role in the scan...Read More
Publisher's Note: Today we have the second part of Gerardo Del Real's interview with CEO, President, and Director of Chakana Copper, Mr. David Kelley.Yesterday, we heard about the Soledad project in Peru, its unique breccia pipe structure, and how Chakana's management team is uniquely qualified to explore it. If you missed it, you can read it here.Read on to learn about what it all means for the...Read More
The Double StandardWhen Volkswagen executives found out U.S. regulations would kill one of their diesel models, they pulled some tricks. They fooled U.S. regulators by installing software which misrepresented the emissions released.But the U.S. found out, and arrested the top executives involved.One of them, a German citizen, was sentenced to 7 years in prison late 2017 for his role in the scan...Read More
Bitcoin (BTC) has dropped to US$9,300, demonstrating another 3 percent decline in value over the past 24 hours after failing to push past the US$10,000 support level. The rest of the cryptocurrency market followed the short-term price trend of bitcoin and has dropped more than US$20 billion ove...Read full newsRead More
Successful mining stock investors have an old saying: look for the three M's, that is, good Management, a good Mining project and Money or the ability to raise it. Let's see if Bonterra Resources Inc. (TSX: V.BTR, OTCQX: BONXF, Forum),meets those criteria.The company continues to re...Read full newsRead More
CloseGain/LossGold $1314.30+$0.30Silver$16.47-$0.03XAU81.99-0.50%HUI180.21-0.65%GDM632.09-0.05%JSE Gold1088.69-26.37USD92.77+0.17Euro119.23-0.34Yen91.59-0.14Oil$70.73+1.0110-Year2.950%+0.005T-Bond143.50-0.15625Dow24357.32+0.39%Nasdaq7265.21+0.77%S&P2672.63+0.35% The Metals: Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, but it then bounced...Read More
Canuc Resources Corporation (TSXV:CDA) ('Canuc' or the 'Company') is pleased to provide a management update. Mr. Artie Li CPA, CA has been appointed to the position of Chief Financial Officer for the Company, and Ms. Khadijah Samnani has been appointed to the position of Corporate Secretary.Read full newsRead More
Despite exploration budgets remaining at comparatively high levels in the past decades, geologists have only been able to find a fraction of the gold ounces they discovered in the preceding 18-year period, a new analysis conducted by S&P Global Market Intelligence shows. The financial information and analytics firm said that despite exploration budgets having declined from the ten-year peak in 201...Read More
Despite exploration budgets remaining at comparatively high levels in the past decades, geologists have only been able to find a fraction of the gold ounces they discovered in the preceding 18-year period, a new analysis conducted by S&P Global Market Intelligence shows. The financial information and analytics firm said that despite exploration budgets having declined from the ten-year peak in 201...Read More
Great Panther Silver (TSX:GPR) ('Great Panther'; or the 'Company') today announces that Ali Soltani will be stepping down from his role as Chief Operating Officer ('COO') effective May 31, 2018.Mr. Soltani will continue to provide services on a part-time basis until September 30, 2018 as Senior Technical Advisor to Great Panther's management team.Read full newsRead More
As a general rule, the most successful man in life is the man who has the best informationGeology"Geologists are scrambling to understand what created the phenomenal concentrations of gold at the Valley of the Kings discovery of Pretium. Recent drill results include 0.5 meters that carried 41,582 grams per tonne gold (1.6 feet at 1,213 ounces per ton of gold). Another hole hit 2,393 g/t gold 1,6...Read More
The Dollar Index has erased all of 2018's losses and is now green from the 12/29/17 close, helped by Euro weakness, driven by soft economic data, especially the reading for Sentix investor confidence...Read full newsRead More
Written by Dennis Wamsted and Seth FeasterThe Energy Information Administration, the federal agency responsible for national energy data compilation and analysis, has been historically out of sync on its U.S. coal-industry projections and seems every bit as off the mark as ever these days.It's as if the EIA can't quit going rogue from reality.In a "Today in Energy" article published on the EI...Read More
MOSCOW, May 7 (Reuters) - Rosneft Chief Executive Igor Sechin said on Monday he welcomed Qatar as a direct shareholder in Rosneft, as the Qatari sovereign investment fund prepared to become the sole owner of a major stake in the Russian energy company."The consortium presented by Qatar and Glencore was already a shareholder and now they have decided upon direct ownership (by Qatar)... We welcome t...Read More
MOSCOW, May 7 (Reuters) - Rosneft Chief Executive Igor Sechin said on Monday he welcomed Qatar as a direct shareholder in Rosneft, as the Qatari sovereign investment fund prepared to become the sole owner of a major stake in the Russian energy company."The consortium presented by Qatar and Glencore was already a shareholder and now they have decided upon direct ownership (by Qatar)... We welcome t...Read More
Demonstrators have blockaded roads in Ethiopia's unruly Oromia region pressing the government to revoke the renewal of a mining licence for a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution and health risks to locals.Protesters have blockaded local roads since April 30, preventing people from going to work and forcing schools to cancel classes, and have said they...Read More
LUSAKA, May 7 (Reuters) - Zambia concluded audits of mining companies that prompted the nation to slap Canadian miner First Quantum Minerals with a tax bill of over 76.5 billion Zambian kwacha ($8 billion), its revenue authority said on Monday.First Quantum, which owns two copper mines in Zambia, said in March that Zambia's tax agency had demanded the taxes, saying they were on import duties, pena...Read More
Photo: Agreement signing attended by (from left) Ivanplats Managing Director Dr. Patricia Makhesha (standing); Ivanhoe Chief Financial Officer Marna Cloete (seated); Municipal Technical Director William Nkuna; Acting Municipal Manager Marcus Mthombeni; and Mogalakwena Mayor Andrina Matsemela. (Image from Ivanhoe Mines Ltd.)MOKOPANE, South Africa, May 07, 2018 (GLOBE NEWSWIRE) - Robert Friedland,...Read More