The United States has twice as many operating mines owned by publicly-traded companies than any other country, according to data from Mining Intelligence.As of this month there are 845 operating mines in the U.S., giving it 20% of the world's total.Russia is second with 408. Canada ranked eighth with just 167 operating mines.Mines considered in the survey had the following criteria:Mines are owned...Read More
Agnico Eagle's LaRonde mine is the first to utilize AutoMine (R) with LTE communication network underground on a production scale. This will not only increase productivity and improve safety but also mark a breakthrough in technology.Sandvik was the first mining supplier in the world to introduce mine automation systems for underground hard rock mining and this time marks no exception. Sandvik wil...Read More
Johannesburg, 20 June 2018: Further to the announcement released on Thursday 14 June 2018 advising of the tragic loss of five employees who passed away after entering an area at its Kloof Ikamva mine that is not currently mined, on Monday 11 June 2018, Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) wishes to provide an update on safety at its operations.Sibanye-Stillwater has recently exper...Read More
The loss of a key partner has dealt a huge blow to Northern Dynasty Minerals' dreams of bringing the Pebble mine to life.Read full newsRead More
One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders.Read full newsRead More
Shares in Sirius Minerals (LON:SXX), the British company building a huge polyhalite mine beneath a national park, were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.Sirius, which plans to sink two 1,500m deep shafts in the Yorkshire moors this year, said Intercontinental Trade DMCC Dubai had agreed to buy up to 350,000 tonnes a year of POLY...Read More
"The industry is in crisis," said Chris Griffith, CEO of Anglo American Platinum Ltd., the world's largest producer.The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville-on Gold Street.That's where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-...Read More
Solstice among standout stocksRead full newsRead More
Miners laid off, mines closing, losses mounting-a huge headache for President RamaphosaRead full newsRead More
As the Rev. Mark Sheard sat in his office overlooking the Macedonia Baptist Church playground, the sounds of laughter poured through a thin wall.Read full newsRead More
Though a falling gold price is never ideal, investors have plenty of reasons to smile.Read full newsRead More
On the evening of May 29, the power was out in the two front rooms of Stanley Edgar's Rockwall home, where he lives with his 32-year-old son...Read full newsRead More
On the evening of May 29, the power was out in the two front rooms of Stanley Edgar's Rockwall home, where he lives with his 32-year-old son...Read full newsRead More
Mining infrastructure supplier Mineral Resources (ASX: MIN) has bowed to Australia's richest woman, Gina Rinehart, in the battle for junior iron ore miner Atlas Iron (ASX: AGO), by saying Wednesday it would not make an offer to counter her A$390 million ($288 million) cash bid.Fortescue Metals still has a 19.9%-stake in Atlas and has not yet disclosed whether it plans to launch a rival bid or sel...Read More
Canadian investors are searching for top-quality companies to hold inside their self-directed RRSP portfolios.The strategy makes sense, especially when dividends are invested in new shares to take advantage of the power of compounding. Over a few decades, investors can see reasonably modest initial investments turn into large nest eggs.Let's take a look at Nutrien Ltd. (TSX:NTR)(NYSE:NTR) to see i...Read More
Katanga Mining Ltd. (TSX:KAT) hasn't been short of drama lately. First, the stock fell about 68% from a 52-week high of roughly $2.50 per share to as low as about $0.80 per share. The huge drop was triggered by its partner, G?(C)camines, a state-owned mining company in the Democratic Republic of Congo, threatening to dissolve the joint venture between the two companies.Then, the stock popped about...Read More
Anyone who can't see a dangerous bubble should not be managing, analyzing or trading stocks. Even Hellen Keller could figure out what is going here: It's not easy shorting the market right now - for now - but there have been plenty of short-term opportunities to "scalp" stocks using short term puts. I cover both short term trading ideas and long term positioning ideas. You can learn more abou...Read More
Underground test mining at the Fortune Minerals NICO Project in the Northwest Territories. Source: Fortune Minerals Ltd.A recent surge in the price of cobalt has sparked renewed interest in Fortune Minerals Ltd.'s [FT-TSX; FTMDF-OTCQX] polymetallic NICO project in the Northwest Territories.During a telephone interview with Resource World Magazine, Fortune President and CEO Robin Goad said the comp...Read More
The Quantec MT geophysical survey at Belmont's Kibby Basin property in Nevada. Source: Belmont Resources Inc.Belmont Resources Inc. [BEA-TSXV; L3L1-FSE] shares rallied strongly Wednesday June 20 after the company said it has received borehole drill permits for a proposed drill program at its Kibby Basin Lithium Project in Nevada."A drilling contractor has been selected and drilling is anticipated...Read More
The ZincX Resources Akie Project exploration camp in the Kechika Trough, 260 km north-northwest of Mackenzie, northeastern British Columbia. Photo courtesy ZincX Resources Corp.Zinc miners predict by 2025 production will fall short by 4.3 million tonnes annually - an opportunity not lost on Peeyush Varshney, CEO of British Columbia-based ZincX Resources Corp. [ZNX-TSXV]."We are confident in th...Read More