Carube Copper Corp. (TSXV:CUC) (the 'Company') is pleased to announce that the Company has increased the maximum amount of its private placement financing from $1.2M to $3.0M.Read full newsRead More
GCM Resources (LON:GCM) shares jumped 23% higher to 28p in late afternoon trading after the exploration group signed a joint development agreement with its strategic partner China Gezhouba Group International Engineering for the Phulbari Coal and Power Project in Bangladesh.The AIM-listed firm said the agreement outlines the parties' roles and responsibilities in pursuing approva...Read More
SANTIAGO, March 9 (Reuters) - Chile's development agency Corfo said on Friday that companies from China and South Korea, as well as Chile, had been approved to make investments of around $754 million in the red-hot lithium industry.The companies selected in a bidding process to develop technology focused on the lithium market were Chile's Molymet and China's Sichuan Fulin Industrial Group, a joint...Read More
Strong sell-off expected in the June quarterRead full newsRead More
SANTIAGO, March 9 (Reuters) - Chile on Friday approved an increase in U.S. miner Albemarle Corp's annual lithium production limit in the salt flats of the Salar de Atacama, freeing the company to take advantage of soaring prices for the the metal used in electric car batteries.The increase, authorized by Chilean development agency Corfo, which oversees the northern Chilean lithium deposits, allows...Read More
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that's the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold p...Read More
SDX Energy (LON:SDX) chief executive Paul Welch updates Proactive Investors on the new gas discovery at its SAH-2 well.SAH-2 was drilled down to 1,304 metres and has encountered some 5.2 metres of net conventional gas pay, across two zones (Guebbas and Hoot)Welch says they're now moving north to drill two exploration wells - the final two in their 9-well campaign. Meet AusCann Group Holdings...Read More
(Bloomberg) - When Lonmin Plc Chief Executive Officer Ben Magara announced in December that Sibanye Gold Ltd. had agreed to buy the platinum miner, he was visibly relieved.He can't relax just yet.To keep the deal alive, Lonmin should avoid burning cash by the time of shareholder votes on the purchase later this year, according to Sibanye. That may be a tough ask for a company that's been forced t...Read More
Mining Capital's Alastair Ford discusses the potential upcoming meeting between US President Donald Trump and the leader of North Korea Kim Jong Un.''It would be fascinating to be a fly on the wall during the actual meeting to see how they interact''''The North Koreans have been seeking a meeting with the US President for years and this is something they've always wanted ... so the idea that the T...Read More
DAKAR, March 9 (Reuters) - Democratic Republic of Congo President Joseph Kabila signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement.International mining companies that operate in Congo, Africa's top copper producer, have vigorously opposed the new law, although Kabila pledged this week to work with them while implementing it....Read More
LONDON, March 9 (Reuters) - The London Metal Exchange has abandoned plans for a cobalt sulphate contract for the electric vehicle battery supply chain because pricing for the chemical has historically been based on the metal it is derived from, cobalt industry sources said.The exchange is instead looking at offering a cash-settled cobalt metal contract, which will trade alongside its physically de...Read More
Coal miner rewards shareholders after Tronox stake saleRead full newsRead More
Unionized workers at Antofagasta's (LON:ANTO) Los Pelambres copper mine in Chile voted to strike Friday after rejecting the company's latest offer for a collective labour agreement."Around 99% of the voting workers voted in favour of a legal strike," Federaci??n Minera de Chile treasurer Dino Saltori said in a statement (in Spanish), adding the union has 447 members.The stoppage will be the first...Read More
John Harrington dropped into the studio for an update on the Proactive virtual portfolios.First up: the 'AIM sustainable dividend' fund.He says they've been forced to ditch its star performer, Somero Enterprises.''The computer says get rid of it ... it's never a bad idea to take profits. Had a very good run, up 31% over the last three months'', Harrington says.He also discusses a couple of new por...Read More
Guido Michelotti, chief executive of Cadogan Petroleum PLC (LON:CAD), says the company has seen increased production at its wells and is reviewing new growth opportunities.Cadogan is reporting that production had nearly doubled at its Blazhiv 1 well in West Ukraine.Having acquired Explo Energy in Italy last year they're now looking at other opportunities in Africa, the Middle East, and Centr...Read More
TEPCO sunk 34.5 billion yen ($324 million) in public funds into the project... so far!Read full newsRead More
Mr. Joseph Campbell reportsTERRAX WINTER DRILLING EXTENDS SAM OTTO ZONE WITH 1.5 KM STEP-OUT HOLE, CONFIRMING A 2.2 KM LONG MINERALIZED ZONE OPEN ALONG STRIKE AND AT DEPTHTerrax Minerals Inc. has released assay results from the first five holes (2,003 metres) of its 2018 winter drill program now under way on the Yellowknife City gold project.Two of these holes (688 metres) tested the Sam Otto Sout...Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) said Friday it expects to lose about 200,000 tonnes in coal output due to an almost two-month interruption at its Elkview coal mine in British Columbia.The Vancouver-based miner, which confirmed the restart of the mine's drying complex, said repairs will cost less than $10 million, in line with previous estimates.F...Read More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More
This first-of-its-kind, asset based (as opposed to measurement focused) machine health monitoring system has been designed to meet the changing needs of today's marine asset management professionals.This web based 'software-as-a-service' tool represents the first phase of a multi-segment software development strategy from SKF's machine health software team based in Gothenburg, Sweden. The goal is...Read More