LUSAKA, June 11 (Reuters) - Vedanta Resources plans to double finished copper production at Zambia's Konkola Copper Mines (KCM) to 200,000 tonnes this year, the CEO of its Zambian unit said on Monday.KCM has ploughed more than $3 billion into the southern African country's copper mines since 2004, including a further $1 billion investment package announced last year to revamp and upgrade some mine...Read More
TORONTO, June 12, 2018 (GLOBE NEWSWIRE) - Seabridge Gold Inc (TSX:SEA) (NYSE:SA) announced today that it expects to define drill targets by year end on its 100%-owned Snowstorm Project in Northern Nevada. The 31 square mile Snowstorm Project, purchased by Seabridge in June 2017, sits at the projected intersection of three of Northern Nevada's most prolific gold belts: the Carlin Trend, the Getch...Read More
Sibanye-Stillwater said on Tuesday mine rescue teams have located the deceased body of the fourth mineworker who died at its Kloof Ikamva shaft and has suspended operations for a day there.Sibanye said on Monday five employees entered an abandoned working place at its Kloof Ikamva mine near Johannesburg and three of them were killed in an incident the company is investigating."Specialised proto te...Read More
Brazil's President Michel Temer issued Tuesday two decrees introducing key changes to the country's 50-year-old mining regulations, aimed at making the local industry more competitive and sustainable.The changes, announced by MINING.com last week, seek drawing investment to the sector while implementing rules on the collection of higher mining royalties and their distribution.Mining is regulated i...Read More
Mohave County then became a destination for mineral exploration.Read full newsRead More
Mohave County then became a destination for mineral exploration.Read full newsRead More
Australia has taken over Chile as the world's largest lithium producing nation boosted mainly by record output at two major mines, data from United States Geological Survey (USGS) shows.Down Under produced 18,700 tonnes of lithium in 2017, according to the USGS, thanks mainly to Western Australia-based mines - Galaxy Resources' Mt Cattlin and Mt Marion, owned by Neometals and China's Jiangxi Ganfe...Read More
Mr. N. Eric Fier reportsSILVERCREST INTERCEPTS 1.8 METRES @ 2,350 GPT AGEQ IN GRANADITAS VEIN; DELINEATES HIGH-GRADE FOOTPRINT AVERAGING 1.5 METRES @ 1,022 GPT AGEQSilvercrest Metals Inc. has released new drill results for the Granaditas vein and initial delineation of its high-grade footprint on the Las Chispas property located in Sonora, Mexico. The company first drilled two holes in the Granadi...Read More
Mining com reported that Civil Defense officers rescued a fifth body from a mine site in northern Mexico where a dam filled with liquid waste collapsed last Monday.Read full newsRead More
Altiplano Metals released an update on progress at the historic Farellon copper-gold mine near La Serena, Chile.Read full newsRead More
At least three gold miners in South Africa were killed Monday after entering an abandoned shaft, its owner said, in the latest of fatalities to hit one of the country's largest mining firms.Read full newsRead More
While illegal diamond diggers in Kimberley are getting licences, this won't work for illegal gold and chrome mining where large syndicates are involved.Read full newsRead More
Canada's Goldcorpsaid on Monday an ongoing protest blocking entry to itsPenasquito mine, one of Mexico's biggest gold producers, couldforce the company to halt output.The mine, in northern Zacatecas state, produced 476,000ounces of gold last year, comprising 18 percent of Goldcorp'Read full newsRead More
Three gold miners were killed in South Africa on Monday at a Sibanye-Stillwater plant and the company said rescue teams are searching for two others.Read full newsRead More
Several workers who went missing Monday at a Sibanye Gold Ltd. mine in South Africa have been found dead, bringing the number of people killed at the company's operations this year to more than a dozen.Read full newsRead More
Mohave County then became a destination for mineral exploration.Read full newsRead More
"Big financial media catching onto the nascent bull market in #nickel. The Wall Street Journal weighs in today with this overview @WSJ https://t.co/hulyUa8hog"Read full newsRead More
Small Crowds, Shrinking PremiumsThe prices of gold and silver rose five bucks and 37 cents respectively last week. Is this the blast off to da moon for the silver rocket of halcyon days, in other words 2010-2011? Various gold bars. Coin and bar premiums have been shrinking steadily (as have coin sales of the US Mint by the way), a sign that retail investors have lost interest in gold. There are e...Read More
Last week index score: 45.96This week: 35.42 Zinc One Resources (TSX-V: Z) reported the final drill results from the high-grade zinc discovery in the Mina Chica zone of its Bongar?? zinc project in north-central Peru.The Oreninc Index fell in the week ending June 8th, 2018 to 35.42 from 45.96 a week ago as financings decreased, and broker action stayed away.Gold spent the week flirting...Read More
This quarter has been a tough one for Labrador Iron Ore Royalty Corporation (TSX:LIF). Weaker iron ore prices coupled with a labour dispute, which had put Iron Ore Company of Canada's mining operations on hold, created considerable uncertainty over the company's outlook.Nonetheless, the latest news indicates that the dispute, which started on March 27, 2018, has come to an end and operations will...Read More