Mr. Stephen Nano reports MIRASOL REPORTS START OF US$ 750,000 EXPLORATION PROGRAM AT THE ZEUS GOLD PROJECT WITH NEWCREST MININGMirasol Resources Ltd. and Newcrest Mining have initiated a $750,000 (U.S.) surface exploration program at the Zeus project to explore for a large high-sulphidation epithermal (HSE) gold deposit within the prospective Mio-Pliocene age belt of Northern Chile. Zeus comprises...Read More
HAVANA, April 24 (Reuters) - Cuba forecasts nickel plus cobalt sulfide production will exceed 50,000 tonnes this year even as prices rise, the head of the country's state monopoly Cubaniquel was quoted by local media as stating on Tuesday.Nickel is one of the cash-strapped Communist-run country's most important exports, but revenue from it has suffered in recent years due to a decline in productio...Read More
DAKAR, April 24 (Reuters) - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion. It sa...Read More
SANTIAGO, April 24 (Reuters) - The union of workers at BHP's Escondida copper mine in Chile, the world's largest, told Reuters on Tuesday it had made little progress on an early contract deal with management, making it "highly likely" that no agreement would be struck before official talks begin in June.The union accepted an offer to begin early negotiations with the Anglo-Australian miner in Marc...Read More
STOCKHOLM, April 24 (Reuters) - Swedish engineering group Sandvik beat first-quarter operating earnings expectations on Tuesday boosted by strong results in its metal-cutting tools business, the group's main profit generator. But results in its mining gear business were slightly weaker than anticipated, taking some of the shine off the overall beat and sending shares lower after an initial rise.At...Read More
David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), brings Proactive's Andrew Scott up to date on the latest developments in the portfolio.Bramhill says their 20% owned Fiskerton Airfield Oilfield project has resumed production, meanwhile, new efforts to secure planning permission for the Wressle field are also advancing. Meet Peninsula Mines Ltd and Silver City Minerals Ltd...Read More
KIBALI, DRC / ACCESSWIRE / April 23, 2018 / The successful commissioning of the automated materials handling system at Kibali gold mine's underground operation is supporting the planned ramp-up in production, Randgold Resources' chief executive Mark Bristow said here today.Bristow told a briefingRead full newsRead More
KIBALI, DRC / ACCESSWIRE / April 23, 2018 / The successful commissioning of the automated materials handling system at Kibali gold mine's underground operation is supporting the planned ramp-up in production, Randgold Resources' chief executive Mark Bristow said here today.Bristow told a briefingRead full newsRead More
Barrick Gold Corp said on Monday it was done selling assets to cut debt and would instead use funds from future sales for growth or to pay dividends, as it looks set to lose its rank as the world's biggest gold producer due to declining production.Read full newsRead More
ROUYN-NORANDA, Qu?(C)bec, April 23, 2018-- GLOBEX MINING ENTERPRISES INC. is pleased to announce that it has purchased a 2% Net Smelter Royalty on three claims that constitute the Kewagama Gold Mine Property ...Read full newsRead More
There's 80 times as much gold in one ton of cellphones as there is in a gold mine, says Federico Magalini, an expert on electronic waste. That means there's enormous potential for recycling - and yet most of us keep our old electronics at home. Lately, there's been a lot of interest in old electronics. Last week, Apple debuted Daisy, a robot that disassembles old iPhones to recycle the materials i...Read More
KIBALI, DRC / ACCESSWIRE / April 23, 2018 / The successful commissioning of the automated materials handling system at Kibali gold mine's underground operation is supporting the planned ramp-up in production, Randgold Resources' chief executive Mark Bristow said here today.Bristow told a briefingRead full newsRead More
The International Mining and Resources Conference (IMARC) is where global mining leaders connect with technology, finance and the future. Now in its 5th year, it has become Australia's largest mining conference bringing together over 5000 decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators and educators from over 90 countries for four days of...Read More
"MD of Western Areas Dan Lougher quite rightly citing stainless steel growth as the fundamental driver of the #nickel price in 2018. EV battery demand is just the cherry on top ???' https://t.co/vMnLuQwlYQ"Read full newsRead More
Anglo American (LON:AAL) won't resume production at its massive Minas Rio in Brazil until the fourth quarter of 2018 due to two pipeline leaks that forced it to halt operations in March, and which will cause the miner an annual group earnings (EBITDA) loss of $300 to $400 million.The announcement is the last of a string of difficulties Anglo has faced with the mine, which was expected to produce...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for June delivery gained 24 cents to $68.64 on the New York Merc, while Brent for June gained 65 cents to $74.71 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.85 to...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a dismal 57-103-134. The TSX Venture Exchange fell seven points to 797 while rough diamond prices were flat this past week. Thomas Yingling's Berkwood Resources Ltd. (BKR), lost one-ha...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $11.40 to $1,323.80 on Monday. The TSX Venture Exchange fell 7.55 points to 797.41 while the TSX Gold Index slipped 1.53 points to 190.26. Tahoe Resources Inc. (THO) led Canadian gold miners lower today, droppin...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange slipped 7.55 points to 797.41. Praveen Varshney's AAJ Capital 1 Corp. (AAJ) has an update on its qualifying transaction. The company's QT target, PharmaCielo Ltd., has arranged to sell $60-million worth of subs...Read More
The UK National Contact Point released a report today where it states that Kazakh mining giant Eurasian Resources Group flouted the rights of thousands of people living on its cobalt and copper concession in the Lualaba province of the Democratic Republic of Congo.According to the UK government body for the OECD Guidelines for Multinational Enterprises, the company was aware that water supplies fo...Read More