Despite its best efforts, the "most likely scenario" is that mining operations will cease in Flin Flon, Manitoba in 2021, an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) reads.While the company has been successful over the last few years in extending the life of its 777 mine from 2019 to 2021, the memo noted, its efforts to find new sources of ore from 777, "did not turn out...Read More
Kirkland Lake Gold (TSX, NYSE:KL; ASX:KLA) announced that its Fosterville Mine is expected to break its own record quarterly production in the fourth quarter of 2018. Full-year production is now forecasted at 330,000 ounces. Previously reported guidance was established at 300,000-310,000 ounces.In a press release, Kirkland Lake Gold said Fosterville's strong Q4 2018 performance reflects higher tha...Read More
Kirkland Lake Gold (TSX, NYSE:KL; ASX:KLA) announced that its Fosterville Mine is expected to break its own record quarterly production in the fourth quarter of 2018. Full-year production is now forecasted at 330,000 ounces. Previously reported guidance was established at 300,000-310,000 ounces.In a press release, Kirkland Lake Gold said Fosterville's strong Q4 2018 performance reflects higher tha...Read More
Despite its best efforts, the "most likely scenario" is that mining operations will cease in Flin Flon, Manitoba in 2021, an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) reads.While the company has been successful over the last few years in extending the life of its 777 mine from 2019 to 2021, the memo noted, its efforts to find new sources of ore from 777, "did not turn out...Read More
Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More
Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More
Titans of the mining industry who have led the industry through myriad storms for decades are set to retire over the next few years, a once-in-a-generation turnover that has sparked a search for fresh talent with far different skills than current executives.Ivan Glasenberg, chief executive of mining giant Glencore Plc since 2002, said last month he would retire over the next three to five years, s...Read More
"Outstanding content #FF:@mcm_ct @NorthmanTrader @LukeGromen @RonStoeferle @charliebilello @awealthofcs @HowardKlein10 @pierpont_morgan"Read full newsRead More
Global synchronized un-recovery?Read full newsRead More
KENORA - Today Greg Rickford, Minister of Energy, Northern Development and Mines called on the Competition Bureau to review gasoline and diesel retail prices in northwestern Ontario."Our Government for the People has followed through and taken steps to cut gas prices in Ontario. Now we need to make sure those savings are being passed on to consumers across the province," said Minister Rickford. Th...Read More
World's largest rail-mounted stackers and reclaimer will have a capacity of 20,000 tonnes per hour Contract valued at approximately ?,?150 millionDesign and manufacture to be fully completed in Western AustraliaThyssenkrupp Industrial Solutions has been awarded one of the largest fabrication and construction projects the company has ever handled in Western Australia. Under the contract, thyssenkr...Read More
THUNDER BAY - Ontario's Government for the People is investing in a new, world class facility at Lakehead University to support research and innovation, creating 67 jobs.Today, Lakehead University held the grand opening of the Centre for Advanced Studies in Engineering and Sciences. Ontario invested $5 million in the facility. "Our government for the people is proud to provide students and researc...Read More
"China Passenger Car Association:#China's passenger #car sales slumped 28% y/y in the first three weeks of Nov."Read full newsRead More
Developers will begin building a lithium battery project in Morowali, on the Ind...Read full newsRead More
BEIJING - Aluminum Corp of China Ltd, known as Chalco, is cutting output on some of its aluminium production lines in northern China, it said on Friday, as Chinese aluminium prices sank to a fresh two-year low.China's biggest state-run aluminium producer has decided to make around 470,000 tonnes of annual output at units including Shanxi Huasheng and Shandong Huayu subject to "flexible" output arr...Read More
Mr. Paul Kuhn reportsDRILLING STARTS AT AVRUPA MINERALSALVALADE PROJECT, PORTUGALAvrupa Minerals Ltd. has started drilling at the Sesmarias copper/zinc discovery located on its 100-per-cent-owned Alvalade property in the Iberian Pyrite Belt (IPB) of south Portugal.The company will drill approximately 2,500 metres in five to seven diamond drill holes to enlarge and upgrade at least two lenses of c...Read More
* New plant to be built in Morowali nickel industry complex* Indonesia to become "main player" in lithium batteries* Well positioned to meet nickel, cobalt demand for EVs* Minister says Indonesia will "control world market" (Adds quotes, detail)JAKARTA - Developers will begin building a lithium battery project in Morowali, on the Indonesian island of Sulawesi, on Jan. 11, Coordinating Maritime Min...Read More
Mr. Steve Fray reportsGOLDMONEY INC. INVESTEE MENE RAISES EQUITY & GOLD-SECURED NOTE FINANCINGGoldmoney Inc. investee company Mene Inc. has entered into agreements to raise $30-million in equity and gold-secured note financing from Canaccord Genuity Corp. and a private institutional investor, with potential for additional gross financings of over $100-million including potential warrant exerci...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES FURTHER EXTENSION OF CONCENTRATES PREPAYMENT AGREEMENT WITH SAMSUNG C&TAvino Silver & Gold Mines Ltd.'s concentrates prepayment agreement with Samsung C&T U.K. Ltd., originally announced on July 9, 2015, as amended, has been further extended for repayment of the balance of the principal amount of $6,666,670 (U.S.) to Samsung over a two-year perio...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD INCREASES FOSTERVILLE MINE'S 2018 PRODUCTION OUTLOOK TO OVER 330,000 OUNCESKirkland Lake Gold Ltd.'s Fosterville mine is on track for record quarterly production in the fourth quarter of 2018, with full-year 2018 production now expected to exceed 330,000 ounces versus current guidance of 300,000 to 310,000 ounces. Fosterville's strong fourth quarter 201...Read More