News and Reports

Why is Sirte everyone's 'red line' in Libya? - Al-Monitor: the Pulse of the Middle East

June 24, 2020 / www.al-monitor.com

Libya's coastal city of Sirte, a strategic gateway to major oil facilities, has emerged as a critical point of contention between Turkey and Russia, with France also scrambling to impede Turkey via NATO.Read full newsRead More

Iron ore express is starting to slow

June 24, 2020 / www.mining-journal.com

Whether sellers of shares in iron ore miners have got it right will become clearer in the next few weeks as a silent battle is waged between investors desperate for a better yield on their funds andRead More

Alleged illegal miners arrested

June 24, 2020 / www.mining-journal.com

The South African Police Service (Pretoria) said the Provincial Organised Crime Unit had arrested the three suspects, aged between 28-38, on Sunday night.Read More

Barrick Niugini to lay off 2,650 Papua New Guinea gold mine workers

June 24, 2020 / www.canadianinvestor.com

Share this articleTORONTO - Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government.Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada's Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of...Read More

Diamond Worker's Death Plunge on First Day after Lockdown

June 24, 2020 / www.idexonline.com

(IDEX Online) - A diamond worker reportedly jumped to his death from a sixth-floor window at the Bharat Diamond Bourse, in Mumbai, India, on his first day back after lockdown. He's been named by local media as Jay Lakhiya, aged 20.He'd arrived from his home in Surat to resume work at the bourse, in the Bandra Kurla Complex (pictured) on Tuesday.Police investigating the death say he...Read More

Software Helps US Jewelers with Money Laundering Requirements

June 24, 2020 / www.idexonline.com

here(IDEX Online) - New software will help jewelers comply with anti-money laundering (AML) requirements of the anti-terror USA PATRIOT Act.The JewelPAC online program has been developed by the Jewelers Vigilance Committee (JVC) and is hosted by insurers the Jewelers Mutual Group.It's designed to save time and provide peace of mind for the vast majority of US jewelers required to implement po...Read More

Call for Week-Long Shutdown to Beat COVID-19 Spike in Surat

June 24, 2020 / www.idexonline.com

(IDEX Online) - Diamond factories in Surat should close for a week to combat a spike in COVID-19 cases, say industry bodies.Three units have been forcibly closed after workers were diagnosed with the virus and 10 others have suspended work voluntarily.The Gems & Jewellery Export Promotion Council (GJEPC) and the South Gujarat Chamber of Commerce and Industry (SGCCI) have jointly appealed for a...Read More

OZ boss Andrew Cole's love of optionality has been on full display this week, writes Barry Fitz

June 24, 2020 / www.mining-journal.com

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe events were Monday's A$70 million takeover of Cassini, OZ's 30% partner in the proposed $995 million West Musgrave nickel-copper project, and Tuesday's release of the prefeasibility study in to aRead More

Pure Gold targets year-end production at Red Lake

June 24, 2020 / www.northernminer.com

Pure Gold Mining's (TSXV: PGM; LSE: PUR) Red Lake mine is expected to pour first gold in the fourth quarter of this year as development progresses ahead of schedule.The company has purchased 95% of the major equipment items for the site and completed 1,285 metres of underground development at an advance rate that is 60% ahead of the mine plan.Pure Gold is focusing on the construction of the main r...Read More

Top 10 Canadian-headquartered base metal and uranium explorers

June 24, 2020 / www.northernminer.com

The Northern Miner has compiled a list of the top-10, Canadian headquartered base metal and uranium juniors - with no production and which are not a royalty or streaming company. The ranking is based on market capitalization as of late-June.1. Ivanhoe MinesUS$4.5 billion market capitalizationWorkers at Ivanhoe Mines' Kamoa-Kakula copper project, 25 km west of Kolwezi in the Democratic Republic of...Read More

Alexco receives key water permit for Keno Hill

June 24, 2020 / www.northernminer.com

Alexco Resource (TSX: AXU; NYSE-AM: AXU) has received a draft water licence from the Yukon Water Board for its Keno Hill silver operation, and is moving forward with plans to produce its first concentrate before the end of the year.While the draft amended and renewed water licence does not include the Lucky Queen and Onek deposits, it does include three of four deposits in the mine plan for the p...Read More

Plan needed to protect deep-sea life from mining: report

June 24, 2020 / www.northernminer.com

Mining the seafloor opens a vast source of key metals needed for clean energy, but should not start until a full evaluation of likely environmental impacts can be made, a report commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel) says.The group of academics and environmentalists believe an international moratorium on deep-sea mining is urgently needed. Otherwise, the...Read More

Rio Tinto to drill Janice Lake copper-silver project in Saskatchewan

June 24, 2020 / www.northernminer.com

Rio Tinto (NYSE: RIO; LSE: RIO) has started exploration at Forum Energy Metals' (TSXV: FMC) Janice Lake sedimentary copper-silver project in northern Saskatchewan.The major is earning up to an 80% interest in the project from Forum Energy Metals, which has optioned the property from Transition Metals.Crews have begun construction of the 50 person camp on the property at Burbidge Lake.Structural, g...Read More

No country for old men

June 24, 2020 / www.mining-journal.com

Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesI turned 55 the other day. Under normal circumstances sufficient cause for a knees up, but in this instance the day came and went without an...Read More

Junior financing 'off to the races' since COVID-19 sell-off, AME hears

June 24, 2020 / www.mining-journal.com

Soar Financial Group's Oreninc Index, which tracks financings of C$100 million and below by companies with market caps of up to $1.Read More

Gold Bull Market: Dealflow Picks Up

June 24, 2020 / www.outsiderclub.com

I'm taking the week off. My parents are in town, and I haven't seen them in nearly a year - the longest stretch ever. (Whole lotta "evers" still going around in markets, politics, and life right now.)That also means my kids haven't seen their grandparents in nearly a year. So much is being made up for this week. Monday we took the girls horseback riding. Yesterday my dad and I floated down the...Read More

RT @MarketsTicker: API data show weekly U.S. crude supplies up by nearly 1.8 million barrels, sources say

June 23, 2020 / trib.al

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 1.7 million barrels for the week ended June 19, according to Reuters....Read full newsRead More

RT @dcexaminer: Biden may use financial regulations to slow fossil fuel investments

June 23, 2020 / washex.am

Joe Biden could accelerate a new battlefront in the fight against climate change by forcing financial institutions to adopt safeguards that would restrict the fossil fuel industry's access to low-cost capital, pushing producers to keep oil and gas in the ground.Read full newsRead More

Maya Gold & Silver Announces 2020 Annual and Special Meeting Results

June 23, 2020 / dlvr.it

Montreal, Qu?(C)bec, Jun 22, 2020 (GLOBE NEWSWIRE via COMTEX) --Montreal, Qu?(C)bec, June 22, 2020 (GLOBE NEWSWIRE) -- Maya Gold & Silver Inc. (Read full newsRead More

Exploration Snapshot: Eight gold companies mining in Canada

June 23, 2020 / dlvr.it

Canada's geological terrain and adherence to the rule of law position the country as a go-to destination for companies looking to establish and operate mineral projects.Read full newsRead More

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