LUSAKA, Oct 17 (Reuters) - Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday.Mwanakatwe told parliament that even with the proposed taxes, we are confident that mining companies will be able to meet their operational costs.Zambia plans to introduce new...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (Read full newsRead More
Pacton Gold Inc. (TSXV:PAC,OTC: PACXF, FSE: 2NKN) (theRead full newsRead More
Mr. Derek White reportsASCOT COMPLETES ACQUISITION OF THE PREMIER PROPERTY Ascot Resources Ltd. has completed the previously announced purchase of the Premier property held by Boliden Ltd., which is located in Stewart, B.C.Derek White, president and chief executive officer of Ascot Resources, commented: "We are pleased to have successfully closed this transaction and look forward to the successful...Read More
Mr. Stephen Nano reports MIRASOL SIGNS AGREEMENT WITH HOCHSCHILD MINING FOR OPTION TO JOINT VENTURE ON THE INDRA PRECIOUS METALS PROJECT, CHILEMirasol Resources Ltd. has signed a binding letter agreement for the Mirasol's Indra epithermal precious metals project in Chile with Hochschild Mining PLC.As detailed in Mirasol's Aug. 29, 2018, press release, the agreement gives Hochschild the right to ac...Read More
Oct 17 (Reuters) - BHP has not seen a material impact from current global trade tensions on its business but remains cautious in the near term, the world's biggest miner said on Wednesday."We closely monitor the external environment, in particular the market volatility triggered by current global trade tensions. Though we have not seen a material impact on our business, we remain cautious in the n...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country's anticorruption authority.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), updated the market later in the day, announcing that its three local subsidiaries, an employee and a former staffer had been...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country's anticorruption authority.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), updated the market later in the day, announcing that its three local subsidiaries, an employee and a former staffer had been...Read More
MADRID, Oct 17 (Reuters) - Alcoa said on Wednesday it would close two of its three aluminium plants in Spain with a combined annual production of 180,000 metric tonnes, resulting in the lay off of almost 700 workers.The U.S. company said it was starting a consultation process with workers' representatives and was committed to negotiating a social plan with unions.Negotiations begin on Oct. 31 and...Read More
ArcelorMittal SA said on Wednesday it would pay 74.69 billion rupees ($1.01 billion) to creditors of two Indian companies in which it previously held stakes, in order to make its acquisition offer valid for Essar Steel, another debt-ridden Indian steel firm.ArcelorMittal will clear overdue debt of steel firm Uttam Galva Steels and oil and gas pipeline construction services provider KSS Petron, two...Read More
Anglo American Brazi'sl chief executive, Ruben Fernandes, has hinted at a potential major copper discovery on the edge of the Amazon rainforest by saying the results of an ongoing drilling campaign in the area were "very promising".He was referring to a 19,000 square kilometres-property, equivalent to the size of Israel, the company has been exploring since July and where it has already drilled si...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS GOLD MINERALIZATION TO THE NORTHWEST AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received further positive results from the phase 3 resource expansion drilling program at the Mother Lode project, Nevada.Results include a stepout hole to the northwest of the currently defined deposit along the Western Feeder zone (ML18-083, 65.5 metres at 1....Read More
"#LMEweek was the latest forum for debate over where a sustainable #cobalt supply will come from. We spoke to @CDMRawles about the reality for battery and carmakers ($) | https://t.co/n1jeJSRmqt"Read full newsRead More
"Uranium hopeful Berkeley Energia has been smashed on the stock exchanges after a report its Spanish project would be blocked by the government | https://t.co/1fdXtnyaHk #ASX #LSE $BKY"Read full newsRead More
Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More
Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More
While investing in gold stocks has pretty much been a losing proposition in the last five years and more, one thing caught my attention last week.As I know you are well aware of, on October 9, the S&P/TSX Composite Index began a sell-off that spooked investors, leaving us wondering if this is the sell-off we have been waiting for and/or dreading. The TSX index declined 3.4% in the next two da...Read More
A colleague/friend asked today how I thought the "FANG saga" would end. I replied that I don't know about GOOG and FB, but AMZN is maybe worth $50/share as it burns cash every quarter despite manufacturing GAAP "net income" so it's hard to tell for sure - it could be worth less. NFLX is eventually going to have to restructure its debt, which means the equity is worth zero.NFLX soared $50 after...Read More
Visible gold (VG) in diamond drill core. Source: Triumph Gold Corp.Triumph Gold Corp. [TIG-TSXV; TIGCF-OTC] reported on October 16 that the 2018 exploration season on its 100%-owned, road accessible, Freegold Mountain property 70 km northwest of Carmacks, Yukon, which began in late March, is now complete. In addition to making numerous long, high-grade and gold-rich drill intersections during the...Read More
Sable Resources Ltd. Spences Bridge Gold Belt projects in southern British Columbia. Shading shows the gold belt. Source: Mineral Titles OnlineFollowing a massive claim staking program in southern British Columbia by Sable Resources Ltd. [SAE-TSXV], the company has formed a strategic alliance with Westhaven Ventures Inc. [WHN-TSXV] Sable staked 189,197 hectares covering over 70% of workable groun...Read More