Mick Billing, executive chairman of Thor Mining PLC (LON:THR) caught up with Proactive Investors too add some more detail around their recent decision to focus solely on their tungsten and copper interests in Australia and the US.Billing says the time has come to absolutely focus all efforts on Pilot Mountain, Molyhil and Kapunda. Meet Wolf Minerals, Thor Mining PLC, Rainbow Rare Earths Limi...Read More
(Bloomberg) - Mining companies in Ivory Coast called for talks with the government after it discontinued a tax exemption for industrial and commercial benefits.The measure would affect companies' "financial equilibrium" and could hurt foreign investment in the West African nation, an industry body representing the companies, known by its French acronym GMPCI, said in a statement published in the...Read More
Steve Hughes, VP of exploration at Asiamet Resources Limited (LON:ARS), tells Proactive ongoing resource delineation drilling at the BKZ prospect in Indonesia is continuing to intersect high-grade polymetallic and copper-silver mineralisation.Hughes adds they're in talks with a couple of drill contractors and are looking to have a second rig at Beutong within around 30 days to expand the programme...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)By Andy HomeLONDON, March 20 (Reuters) - The last British tin mine closed in 1998.When South Crofty ceased operating, it brought the curtain down on two millennia of tin mining in the southwestern county of Cornwall.However, hope springs eternal in Poldark country, as the region has been dubbed after the hugely successfu...Read More
Dr. Quinton Hennigh reportsNOVO PROVIDES AN EXPLORATION UPDATE FROM COMET WELL Novo Resources Corp. has provided an update of exploration activities at Comet Well, part of Novo's greater Karratha gold project located in the Pilbara region of Western Australia. Trenching, bulk sampling and scout diamond drilling are currently under way, and the first results from recently collected bulk samples are...Read More
Mining companies operating in South Africa, including Anglo American (LON:AAL) and Sibanye Gold (JSE:SGL) (NYSE:SBGL), may soon have to increase their black-owned stakes to 30%, from a previous 26%, but the government is promising to deliver "policy certainty" in return.Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South...Read More
Amur Minerals Corporation's (LON:AMC) chief executive Robin Young tells Proactive he is 'very pleased' with the 50% increase to 1.58mln tonnes at the Russian nickel deposit."For every metre drilled, we have found US$213,000 of metal value while each tonne of nickel has cost just US$35 to discover."The resource is now more than enough for detailed engineering plans and is also of a size t...Read More
Bankers Cobalt Corp. (TSXV: BANC) recently released results on their first 12 drill holes, revealing some high-grade copper along with some cobalt. Peter Bell dives in deeper as to what this means as it could turn out to be very exciting news.Below is an excerpt and a link to the article.What a success story.It's sure been possible to make major progress quickly in DRC in recent years. The threa...Read More
Mr. Nav Dhaliwal reportsBONTERRA CONTINUES TO DEMONSTRATE CONTINUITY OF THE GLADIATOR GOLD DEPOSIT INTERSECTING 16.9 G/T GOLD OVER 6.5 MBonterra Resources Inc. has released initial results from the continuing winter drilling campaign at the Gladiator gold deposit, including an intersection of 16.9 grams per tonne gold over 6.5 metres. High-grade intersections from four recent drill holes continue...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE DRILLS 70.07 M OF 1.79 G/T GOLD AT THE SECRET PASS DEPOSIT STERLING GOLD PROJECT, NYE COUNTY, NEVADANorthern Empire Resources Corp. has released drill results from the Secret Pass deposit, within the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.Hole IDFromToLengthAu(m) (m) (m) (g/t)SP18-003C* 152.86222.93 70.071.79includi...Read More
Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) said Tuesday its Fekola mine won't be affected by a new mining code the country's government is planning to draft as the asset is governed by a finalized and enforceable mining convention valid for the lifespan of the mine.The Vancouver-based company, which poured first gold at Fekola late last year, said media reports claiming Mali will move to imp...Read More
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Almost half of Canada's marijuana firms started out in the resource sector before many converted to pot via reverse takeovers and spinoffsRead full newsRead More
Plattsburgh, NY voted to place an 18-month moratorium on new commercial cryptocurrency mines in the city on Thursday. Here's why, and what comes next for cities that have had a Bitcoin gold rush.Read full newsRead More
Arbitrade, a Canadian coin and cryptocurrency exchange, has used bitcoin to purchase a set of three solid gold artifacts associated with Nelson Mandela.Read full newsRead More
ORENINC INDEX - Monday, March 19th 2018Last week index score: 26.73This week: 40.03 Prospero Silver (TSXV:PSL) discovered a new gold & silver-bearing epithermal vein system during a three-hole drill program at the Pachuca SE project in Hidalgo, Mexico.Avrupa Minerals (TSXV:AVU) said its C$500,000 private placement financing is fully subscribed.The Oreninc Index surged in the week ending M...Read More
As a result of the negative correlation between the U.S. dollar and gold prices, a weakening U.S. dollar would mean that we could expect rising gold prices, and a strengthening U.S. dollar would mean that we could expect falling gold prices.Typically, when the U.S. dollar loses value, investors look for alternate investments to store value.The opposite of Bitcoin, which is trading at US$8,493.02,...Read More
Deteriorating real economic fundamentals - The most important economic report out last week was retail sales for February, which showed at 0.1% decline from January. This was a surprise to Wall Street's brain trust, which was expecting a 0.4% gain. Keep in mind the 0.1% decline is nominal. After subtracting inflation, the "unit" decline in sales is even worse. This was the third straight month ret...Read More
The US gold price was lower ahead of a two-day Federal Reserve Federal Open Market Committee meeting starting today, the first to be chaired by Jerome Powell and widely tipped to end with a rise in interest rates.Staff reporterNorthern Star gains20 MARCH 201820/03/2018commentsshareThe spot price was down slightly to around US$1,316 an ounce earlier today, however Australian gold miners were happy...Read More