OPEC may get the credit for the longest winter decline in U.S. crude stockpiles in a decade, but other factors are also at play, including strong refining margins, frigid weather and robust foreign demand.Read full newsRead More
(Bloomberg) - The global power needed to create cryptocurrencies this year could rival the entire electricity consumption of Argentina and be a growth driver for renewable energy producers from the U.S. to China.Miners of bitcoin and other cryptocurrencies could require up to 140 terawatt-hours of electricity in 2018, about 0.6 percent of the global total, Morgan Stanley analysts led by Nicholas...Read More
Mr. Greg Smith of Calibre reportsCALIBRE AND CENTERRA GOLD DRILL 77.8 METRES GRADING 1.1 G/T AU AT THE CERRO AEROPUERTO GOLD DEPOSIT, NORTHEASTERN NICARAGUACalibre Mining Corp. has provided an update as the company and Centerra Gold Inc. continue to advance the Siuna project, Borosi Concessions, Northeast Nicaragua.Centerra can earn a 70-per-cent interest in the project by investing $7-million in...Read More
By JEFF DESJARDINS on January 10, 2018Courtesy of: Visual CapitalistRecords for renewable energy consumption were smashed around the world in 2017.Looking at national and state grids, progress has been extremely impressive. In Costa Rica, for example, renewable energy supplied five million people with all of their electricity needs for a stretch of 300 consecutive days. Meanwhile, the U.K. broke...Read More
JAKARTA (Reuters) - Indonesia hopes to finalize contract talks with Freeport McMoRan Inc over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry official said on Thursday.Indonesia and Freeport formed a framework agreement in August to transfer the company's rights to Grasberg to a new mine license system from an existing contract of work. Under th...Read More
Mid-tier Canadian miner B2Gold (TSX, NYSE:BTO) said Thursday it had achieved record fourth quarter and full-year output in 2017, thanks mainly to the start of commercial production at its Fekola mine, in south-western Mali.The Vancouver-based company, which poured its first gold at Fekola in November, produced 630,565 ounces of the yellow metal last year, a figure that includes the 79,243 ounces...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 19.26 G/T GOLD OVER 11.85 METRES AT SNIPSkeena Resources Ltd. has released additional drill results from 13 holes at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: UG17-027: 74.35 grams per tonne gold over 2.00 metres; UG17-033: 77.41 g/t Au over 1.10 metres; UG17-034: 26.28 g/t Au over 2.03 metres;...Read More
Mr. Mark Utting reportsKIRKLAND LAKE GOLD REPORTS RECORD ANNUAL AND QUARTERLY PRODUCTIONKirkland Lake Gold Ltd. has provided record annual and quarterly production for the full year and fourth quarter of 2017, respectively. Comparative information for the full year and fourth quarter of 2016 includes results for the Fosterville, Cosmo and Stawell mines prior to the merger between Kirkland Lake Gol...Read More
Global miner Rio Tinto (ASX, LON:RIO) is said to have ditched plans to own a stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, due to a mix of tricky politics and the fact that such miner is currently the target of several claims.Chilean authorities accuse SQM of underpaying royalties, environmental violations and illicit political financing, which have ma...Read More
Mr. Peeyush Varshney reportsCANADA ZINC METALS ANNOUNCES COMPLETION OF INITIAL EARN-IN ON THE PIE OPTION PROPERTIESTeck Resources Ltd. and Korea Zinc Co. Ltd. have delivered to Canada Zinc Metals Corp. an exercise notice regarding the optionees' first option on the Pie, Yuen and Cirque East properties. Background The Pie, Yuen and Cirque East properties are the subject of an option agreement conc...Read More
Mr. MichaelAllen reports5.30 METRES OF 16.52 G/T GOLD DRILLED AT NORTHERN EMPIRE'S STERLING MINENorthern Empire Resources Corp. has released results of three diamond drill holes recently completed at the Sterling mine, located within Northern Empire's 125-square-kilometre Sterling gold project in Nye county, Nevada.Michael G. Allen, president, chief executive officer and director, stated: "We cont...Read More
A yuan crude futures contract could finally launch in Shanghai early this year, as the world's largest importer tries to shake up a market dominated by London and New York. A new benchmark is within reach, but clear-cut success will require the unthinkable: embracing the dollar.Read full newsRead More
[WASHINGTON] President Donald Trump said on Wednesday that the United States couldRead full newsRead More
Ford Motor Co installed software that enabled its F-250 and F-350 Super Duty trucks to cheat at passing federal emissions tests, according to a lawsuit by truck owners filed on Wednesday, a claim the No. 2 U.S. automaker described asRead full newsRead More
Exploring Base and Precious Metals across North AmericaRead full newsRead More
While debate rages over how much lithium the battery industry can consume, there's a more scarce mineral that has carmakers worried.Read full newsRead More
The dollar nursed its losses against the yen on Thursday, having suffered its biggest one-day drop in nearly eight months following a report that China was ready to slow or halt its purchases of U.S. Treasuries.Read full newsRead More
This is the year to invest in gold mining stocks, thanks to the start of a major gold bull market. Here's why, plus the one gold miner to own...Read full newsRead More
America's trade imbalance just got a wee bit smaller. The U.S. has now become a net exporter of natural gas on an annual basis for the first time since at least 1957.Read full newsRead More
The Egypt-focused gold miner also expects solid growth this year. It's targeting 580,000 ounces in production, up from an estimate of 550,000-560,000 ounces.Read full newsRead More