MOSCOW, Feb 9 (Reuters) - Russia and South Africa are discussing a road map for the usage of platinum group metals (PGMs), Russian Natural Resources Minister Sergei Donskoi said in a statement on Friday.Donskoi discussed the need for more active cooperation in the usage of PGMs with his South African counterpart in Capetown on Friday, the statement said.(Reporting by Polina Devitt; Editing by Poli...Read More
Carnegie Museum of Natural History is pleased to announce W. Lesley Presmyk, a retired mining engineer in Arizona, as the winner of the prestigious 2017 Carnegie Mineralogical Award. The Carnegie Mineralogical Award honors outstanding contributions in mineralogical preservation, conservation and education.Presmyk has spent 44 years working with hard rock and coal, and recently retired. His accompl...Read More
JOHANNESBURG, Feb 9 (Reuters) - African miner Thor Explorations will most likely choose London's junior AIM market to list its shares this year in its bid to raise up to $35 million, its chief executive said on Friday.Thor, which is already listed in Toronto's TSX Venture Exchange (TSX-V), will use the proceeds of the new listing mainly to fund its Segilola Gold Project in Nigeria. The company als...Read More
The unnaturally-tranquil stock markets suddenly plunged over this past week. Volatility skyrocketed out of the blue and shattered years of artificial calm conjured by extreme central-bank distortions. This was a huge shock to the legions of hyper-complacent traders, who are realizing stocks don't rally forever. With stock selling unleashed again, herd psychology will start shifting back to b...Read More
Andrew Jacobs, chief executive at Lok'nStore Group plc (LON:LOK), tells Proactive the priority for the business is filling up existing stores and acquiring and opening additional properties.Jacobs says they've recently opened a store in Bristol and will soon also be in Exeter.Across the board they've got 26 stores predominantly in the south east of England. Meet Medusa Mining, Cora Gold, Gro...Read More
Ontario is partnering with Voyageur Aviation to boost North Bay's aviation sector through an investment to help the company expand its operations at the Jack Garland Airport.Michael Gravelle, Minister of Northern Development and Mines, was in North Bay today to make the announcement. Funding through the province's Northern Ontario Heritage Fund Corporation (NOHFC) will help create 40 jobs and supp...Read More
JOHANNESBURG, Feb 9 (Reuters) - South Africa's Kumba Iron Ore said on Friday it had reversed a 4.8 billion rand ($396 million) pretax impairment charge on its Sishen mine in its 2017 results, following an improved operational performance at the mine.The unit of Anglo American said reversal, net of tax and non-controlling interest, was 2.6 billion rand and would be included in its basic earnings bu...Read More
Peter Wale, director at Strategic Minerals Plc (LON:SML), tells Proactive's Andrew Scott their access to the Cobre magnetite stockpile in New Mexico has been extended until the end of March next year.Wale says the news is a significant development given the fact they're expecting the strong sales which the company achieved last year will continue into 2018. Meet Medusa Mining, Cora Gold, Gro...Read More
Image: ShutterstockCopper and base metals markets are having terrible week, but the rally in the price of cobalt shows no signs of fizzling out. The metal quoted on the LME rose to a fresh 9-year peak of $81,500 a tonne yesterday, a 147% surge since the beginning of 2017.Lithium carbonate prices began its run up two years ago, going from $6,100 per tonne to average $23,350 so far this year on hop...Read More
West Africa-focused gold producer Avocet Mining (LON:AVM) has finally concluded the three-times delayed sale of some key assets in Burkina Faso for $5 million to Ghana-based Balaji Group, a move that should avoid a looming bankruptcy.The $5-million deal includes the Inata gold mine and the Souma exploration project.The transaction, which includes the Inata gold mine and the Souma exploration pro...Read More
Uranium Energy Corp Acquires the Diabase Project in the Athabasca Basin and Appoints Darcy Hirsekorn as District GeologistCanada NewsWireCORPUS CHRISTI, TX, Feb. 9, 2018Read More
(Bloomberg) Adani Enterprises Ltd. can't catch a break.The Indian conglomerate trying to build one of the world's largest coal mines has already had its own funding bid for a rail line stymied by the Queensland state government. Now, a funding proposal for another line that could carry its coal to the coast for export has been canned.Rail operator Aurizon Holdings Ltd., which hoped to build a c...Read More
Endeavour Mining has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4 percent this year, its country manager said on Friday.The Canadian company's Agbaou and Ity mines yielded a combined 236,000 ounces of gold last year, and plan to produce 245,000 in 2018.But operations in Agbaou were re...Read More
VANCOUVER, B.C., Feb.08, 2018(GLOBE NEWSWIRE) -- First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (Frankfurt:FMG) is ple...Read full newsRead More
But Bitcoin could be so much more than digital gold.Read full newsRead More
The U.S. tobacco giant has many ways to profit in the year ahead and beyond.Read full newsRead More
LOVELOCK - An agency that encourages stewardship over prohibition is the Environmental Protection Agency that Administrator Scott Pruitt represented to the Nevada mining industry on Feb. 5.Read full newsRead More
09 February 2018 - Cape Town: The digital age holds out great opportunities for mining companies to reduce risk and improve safety and profitability; SRK Consulting (SA) chairman William Joughin gave delegates at the Investing in African Mining Indaba a taste of what is already being achieved.Speaking as part of the Indaba's Mining 2050 (Technology & Innovation) stream, Joughin highlighted the gro...Read More
All of the nearly 1000 miners trapped in the Sibanye-Stillwater's Beatrix gold mine in South Africa due to a power outage were brought back to the surface.Read full newsRead More
Where are crypto cannabis CEOs investing their money?There's a rapidly emerging opportunity at the intersection of cryptocurrency and cannabis. At CryptoCann?,,? Capital Forum, CEOs of publicly traded crypto/cannabis companies discuss tangible and measurable investment opportunities in this innovative and stimulating business ecosystem. Proactive Investors is proud to bring together companies with...Read More