Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country's government and De Beers, has begun offering early and voluntary retirement to at least 130 of its 1,700 workers, Xinhua reports.According to the agency, the move seeks to ensure the sustainability of Namdeb land-based operations, which is facing potential sales, Mineworkers Union of Namibia Oranjemund branc...Read More
Vale (NYSE:VALE), the world's largest iron ore producer, confirmed Wednesday it is in talks with BHP Billiton over the future of their Samarco joint venture, including the possibility of the Brazilian miner taking full ownership.During a meeting with investors and analysts in Sao Paulo, Vale's investor relations director, Andr?(C) Figueiredo, said it seemed "natural" for the company to become the...Read More
Presidential candidate for the conservative National Integration Party (PIN in Spanish), Diego Castro, caused controversy in Costa Rica after he called environmentalist groups "eco-terrorists."Castro, who has been compared by local media to Donald Trump and Rodrigo Duterte, as well as accused of right-wing populism, said that if he wins the election, he would not yield to ecologists' "petty demand...Read More
Australia's Lucapa Diamond (ASX:LOM) has discovered more large diamonds at its prolific Lulo project in Angola, including a 43-carat yellow stone, the largest coloured gem-quality rock ever recovered at the mine.The company also found a 116-carat low-quality diamond, the tenth +100 carat stone recovered from Lulo since mining operations began two years ago. It's also the second +100 carat rock re...Read More
Even though it sees only minor gains for gold in 2018, with average prices rounding $1358 an ounce, bullion trader Sharps Pixley says it is important to add the yellow metal to one's assets. "Why so?," the company's CEO Ross Norman writes in a press release. "2016 and 2017 saw gold higher on strong spec buying in Q1, taking the market above the level of most physical buyers, before retracing in Q4...Read More
MGX Minerals (CSE: XMG) and Highbury Energy have partnered to prepare a detailed process to extract metals such as nickel, vanadium, and cobalt from petroleum coke.According to a press release, Highbury's experts in thermochemical gasification are assisting MGX in designing a process to generate hydrogen gas and concentrate metals in the form of ash byproduct. Since petcoke is itself a carbon bypr...Read More
Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment "pending the results of the technical reports and potential subsequent capital requirements."In a press release, the Vancouver-based miner revealed that, including pre-commercial productio...Read More
https://www.reuters.com/LONDON, Jan 16 (Reuters) – Palladium, the hottest property in the precious metals deck last year, is tipped for a record performance in 2018 even among bearish forecasters, but the metal could become a victim of its own success.The prospect of sharply higher prices could well prompt substitution of the metal for cheaper platinum in autocatalysts and higher recycling v...Read More
DISCLOSURE: I own shares in SolGold.A few days late, but we got the initial resource calculations for Alpala (link), in summary:So we should see the report released around mid-February. I'm sorry I haven't posted an article sooner, I've been rebuilding the drill-hole database and being a bit I'm lazy.You can get the model from here (link).Back in November I put on this blog a 'guesstimate' resourc...Read More
TSX: KERwww.kerrmines.com Mr. Claudio Ciavarella reports:TORONTO, ONTARIO--(Marketwired - Jan. 17, 2018) - Kerr Mines Inc. (TSX:KER) (OTCQB:KERMF) (FRANKFURT:7AZ1) ("Kerr" or the "Company") is pleased to announce further results of its Phase I surface drilling program. KER-17S-21 further extends the Footwall Zone by returning a 36.6 meter drill hole interval with 7.5 g/t gold (Au) and 0.26%...Read More
TSX: KLwww.klgold.com Mr. Anthony Makuch reports:TORONTO, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the "Company") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced the Company's full-year guidance for 2018, which includes increased production, improved unit costs and higher levels of capital and exploration expenditures in support of the Company's objecti...Read More
TSX: MUXwww.mcewenmining.com Mr. Robert McEwen reports:TORONTO, Jan. 17, 2018 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) acquired the Black Fox Complex in October 2017 in a strategic investment that increases our gold production, provides excess milling capacity, and significantly expands our mineral resource base and exploration potential in the Timmins district of Canada. Explor...Read More
TSX: PGwww.premiergoldmines.com Mr. Ewan Downie reports:Consolidated gold production of 139,658 ounces for 2017 THUNDER BAY, ON, Jan. 17, 2018 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) ("Premier", "the Company") is pleased to announce fourth quarter and full-year 2017 production results as well as consolidated production and cost guidance for 2018. All dollar figures ar...Read More
TSX: NGDwww.newgold.com Mr. Hannes Portmann reports:(All dollar figures are in US dollars unless otherwise indicated)TORONTO, Jan. 16, 2018 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE American:NGD) today announces its 2017 fourth quarter and full-year production results, provides 2018 guidance, and presents an update on the Company's growth projects. The preliminary fi...Read More
Few people know that the west side of 5th Street in Des Moines, Iowa, once held an incredible secret.Beneath a simple jewelry store, a lone chemist by the name of William Morrison built his lab. He was attracted to the quiet, a place he could conduct his powerful experiments.Don't beat yourself up if you've never heard of him before.Up until recently, I hadn't either.An immigrant from Scotland, Mo...Read More
The tale of how to catch a wild pig deserves more detail.A smart farmer knew that if he went out with his dogs and nets and cattle prods to capture wild pigs that the pigs would run amok. It would take tremendous energy to round them up. They would violently resist. Some would get away. Some would fight back and possibly injure him or his dogs.And when he finally got them in the pen, his troubles...Read More
The tale of how to catch a wild pig deserves more detail.A smart farmer knew that if he went out with his dogs and nets and cattle prods to capture wild pigs that the pigs would run amok. It would take tremendous energy to round them up. They would violently resist. Some would get away. Some would fight back and possibly injure him or his dogs.And when he finally got them in the pen, his troubles...Read More
Bitcoin investment platform BitConnect announced it was closing the company's cryptocurrency exchange and lending operation after receiving two cease-and-desist letters from state authorities for the unauthorized sale of securities.Read full newsRead More
On Monday, the Ministry of Defense of the Russian Federation issued a warning to NATO that is has started a massive missile drill involving truck-mounted intercontinental ballistic missile launchers across the country.Read full newsRead More
Spooked by potential regulatory crackdowns around the world, investors unloaded cryptocurrencies in a big way on Tuesday.Read full newsRead More