(Bloomberg) -Unexpected leadership changes within a day at the world's two largest lithium producers underscore concerns over a lack of executive experience in the industry amid a nascent boom for the battery metal.On Wednesday, Albemarle Corp. announced the replacement of its lithium president John Mitchell, who was named chief of a Chilean exploration company hours later. Also on Wednesday, Soc....Read More
"Anglo American will add around 300,000tpa to global #copper supply after giving the go-ahead to the $5B Quellaveco project in Peru ($) |https://t.co/gAckLuB106 $AAL"Read full newsRead More
ANGLOGOLD Ashanti has scored a huge coup in the form of Barrick Gold president, Kelvin Dushnisky, who has agreed to take up the company's reins from current CEO, Srinivasan Venkatakrishnan, whose last day at the Johannesburg-headquartered firm is on August 31. Venkatakrishnan, or 'Venkat' as he is known, is to become CEO of Vedanta. SiphoRead full newsRead More
JOHANNESBURG, July 26 (Reuters) - Hundreds of South African gold mine workers were rescued and over 100 treated for smoke inhalation after an underground fire, the National Union of Mineworkers (NUM) said on Thursday.Safety is a huge issue in South Africa's dangerous deep-level mines and a focus for investors. A spate of deaths at Sibanye-Stillwater's gold operations, including a seismic event tha...Read More
Newmont Mining acquired a 50 per cent interest in the Galore Creek Partnership from NOVAGOLD Resources for $275 million.Teck Resources owns the remaining stake.The agreement encompasses several staged payments. There will a contingent investment of $275 million, with an initial payment of $100 million; a payment of $75 million on the earlier of prefeasibility study completion or three years from c...Read More
TORONTO, July 26 (Reuters) - Lundin Mining Corp launched a hostile C$1.4 billion ($1.1 billion) takeover bid for fellow Canadian base metals miner Nevsun Resources Ltd on Thursday, saying it had failed to convince Nevsun's board to agree to a friendly deal over the past nine months.Cash-rich Lundin, looking to grow its production, has made five proposals to acquire Nevsun's large, high-grade Timok...Read More
Due to the weak uranium market Cameco says it will suspend operations at McArthur River and Key Lake and permanently lay off 550 site employees and 150 corporate staff said the company in its 2Q.The news bumped Cameco's stock (CCO.TO) five per cent on Thursday sending it to $14.97 a share.Cameco reported net losses of $76 million and adjusted net losses of $28 million in its 2Q filed yesterday.A...Read More
LONDON, July 26 (Reuters) - Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time. Only then can it really start sizing up the asset.Peregrine is the sole owner of the Chidliak project on Baffin Island in northeastern Canada. While preliminary assessments of Chidliak's miner...Read More
GGX Gold Corp. , , is pleased to announce the receipt of the additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core... | July 25,2018Read full newsRead More
TORONTO, July 25, 2018 /CNW/ - Wallbridge Mining Company Limited is pleased to announce positive initial results from its underground drill program and to provide an update on the ongoing... | juillet 25,2018Read full newsRead More
VANCOUVER, British Columbia, July24, 2018(GLOBE NEWSWIRE) -- Lumina Gold Corp. (TSXV:LUM) (OTC:LUMAF) (the "Company" or "Lumina") is pleased to announce...Read full newsRead More
Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.Read full newsRead More
ANGLOGOLD Ashanti has scored a huge coup in the form of Barrick Gold president, Kelvin Dushnisky, who has agreed to take up the company's reins from current CEO, Srinivasan Venkatakrishnan, whose last day at the Johannesburg-headquartered firm is on August 31. Venkatakrishnan, or 'Venkat' as he is known, is to become CEO of Vedanta. SiphoRead full newsRead More
(Bloomberg) - Platinum's near the lowest in a decade and hedge funds have never been so bearish and that could be good news for prices.The commodity has had a torrid year so far amid ample supplies and as investors lost faith in precious metals. While speculators are betting on more declines, the large bearish wagers mean prices could be poised to rebound, according to ING Bank NV. The bank, along...Read More
Mr. Matthew Hornor reportsMAPLE GOLD EXTENDS NIKA ZONE MINERALIZATION TO THE EAST AND RECAPS 2018 SUCCESS IN THE NW GAP AREAMaple Gold Mines Ltd. has provided the final drill results from the NW Gap area, the area between the NW, Douay West and Porphyry zones, which includes the new Nika zones. There were a select number of historical drill holes drilled in the NW Gap area from 2011 to 2017 inclus...Read More
ANGLOGOLD Ashanti has scored a huge coup in the form of Barrick Gold president, Kelvin Dushnisky, who has agreed to take up the company's reins from current CEO, Srinivasan Venkatakrishnan, whose last day at the Johannesburg-headquartered firm is on August 31. Venkatakrishnan, or 'Venkat' as he is known, is to become CEO of Vedanta. SiphoRead full newsRead More
25 July 2018 - Powermite will use Electra Mining 2018 as a springboard to launch its new innovative Conductix Wampfler SR-Express Spring Reeling Drums as well as to introduce the market to additions to its range of plugs and sockets.(Stand F16: Hall 6)Powermite will launch its new innovative Conductix Wampfler SR-Express Spring Reeling Drums at Electra Mining 2018.Telefonika mining cable, Conducti...Read More
Vancouver, BC - Bankers Cobalt Corp. (TSXV: BANC) (OTCQB:NDENF) (the "Corporation" or "Bankers"), is pleased to announce it has entered an option with a private Namibian partner to acquire a 70% interest in a prospective base metals, precious metals and industrial metals license located in the country of Namibia. Namibia is situated north of South Africa and south of Zambia. The option is for a pe...Read More
Talison Lithium plans to double its production at its Greenbushes facility in Western Australia through a $382 million expansion to around 1.95 million tons per year, according to a report by XINHUANET.com.Work is expected to start early 2019."Greenbushes is a truly world-class mining operation with the capacity for significant expansion to underpin the lithium supply needs of our shareholders,"...Read More
Unlike the other two gold majors Newmont had a quarter to trumpet with a second quarter coming in at $144 million or 26 cents per diluted share.Newmont Mining (NYSE:NEM) was up 2.14% to $38.27 per share. Analysts expected 24 cents a share.Yesterday Barrick reported a net loss of US$94 million or 8 cents per share in its 2Q, and Goldcorp also reported a net loss of $131 million or 15 cents per sha...Read More