Despite financial metrics not hitting the ball out of the park, the study outlines a feasible project based on relatively high copper grades and low production costs. The study calculates a respectable after-tax internal rate of return, at an 8% discount rate, of 18%, and a base case net present value of US$116.8 million."The feasibility study demonstrates the significant potential of this project...Read More

MADURAI, India, June 18 (Reuters) - A minor leak has been detected in the sulphuric acid storage plant in Vedanta's VED.L south Indian copper smelter, a government official said on Sunday, about a month after the state ordered its shutdown after protests in which 13 people died.Police opened fire on a crowd of protesters on May 22 calling for the shutdown on the grounds of pollution. The Tamil Nad...Read More

Investing.com - Federal Reserve tightening looks likely to remain a strong headwind for gold in the coming week after the precious metal tumbled on Friday to mark the lowest settlement since December, well below the psychologically important $1,300 level.The diverging monetary policy outlook between the Federal Reserve and the European Central Bank is likely to underpin dollar demand. A stronger U...Read More

The major milestone follows on the heels of the New Orleans, Louisiana-based company securing a second bridge loan facility from financier Resource Capital Fund VI (RCF VI) of up to US$10 million, in return for an upfront fee of $300,000.Funds will be available for draw down in four monthly tranches, starting in June, the company said Friday.The one-year loan bears a 10% coupon and supplements a $...Read More

The Vancouver-headquartered miner says the openpit extension adds 3.3 million metric tonnes of high-grade ore to the mill feed, and will provide incremental output of 470 million pounds of payable zinc and 52 million pounds of copper.The extension also provides the company with more time to weigh the potential underground development of the near-mine Asheli and Harena deposits.Nevsun announced in...Read More

RAPAPORT... China's Shenzhen Rough Diamond Exchange (SRDE) hosted anIndia Diamond Week to promote trade between the two countries.The June 13 to 15 event - in partnership with India's Gem& Jewellery Export Promotion Council (GJEPC) - drew 20 Indian diamondmanufacturers and more than 100 jewelry producers, retailers and diamondcompanies from Shenzhen and other regions of China. Participating In...Read More

RAPAPORT... Pandora has launched a new manufacturing center in Bangkok, Thailand,aiming to speed up production and comply with consumers' sustainability demands. The facility, named Triple A, will produce more than 1.5million pieces of jewelry per week, and shorten production time to four weeksfrom the current five to eight weeks, Pandora said Friday. "We are very proud to celebrate the official o...Read More

RAPAPORT... Markette Six has launched as a secure online platform for trading new and pre-owned jewelry, watches and gems. The website - founded by Justin and Heather Knapp (pictured) - iscurrently live for retailers and jewelers to begin listing items for sale, andwill open to the buying public in July. All products listed undergo an examination by a Markette Sixindependent graduate gemologi...Read More

The Minerals Council South Africa, an industry lobby group, said on Sunday it does not support some elements in the latest draft of an industry charter, including a stipulation that one percent of core profit is paid to communities and employees.South Africa plans to raise black ownership at permit-holding mining companies to 30 percent from 26 percent within five years, the draft showed on Friday...Read More

RAPAPORT... Lucara Diamond Corp. has appointed Ayesha Hira as vicepresident for corporate development and strategy. Hira is a former geologist with a background in diamonds,base metals and gold exploration. She later switched to capital markets,focusing on mining companies. In the new role, Hira will oversee growth opportunities, including mergers and acquisitions. She will also assist Lucara CEO...Read More

South Africa's Mineral Resources Minister Gwede Mantashe said on Sunday that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mining sites. To date, #SibanyeStillwater operations are responsible for 20 of the 45 fatalities reported since the beginning of the year. It, therefore, cannot be business as usual in how the Regula...Read More

Fears of tariffs and a potential global trade war have jostled U.S. stocks over the past few months, but there is a sense among investors that the market is taking the drum beat of rhetoric and statements more in stride.In the latest salvo, U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, and Beijing threatened to respond in kind.But even as the deve...Read More

Palisade Research June 12, 2018 Category: Research If you haven’t, read our last update about Firesteel Resources here...Share Price: C$0.135Shares Outstanding: 146.0MMarket Capitalization: C$19.1MCash: C$17.1MTotal Liabilities: C$33.7M Firesteel Resources just released results showing a very positive preliminary economic assessment (PEA) on their 100%-owned Laiva Gold project in Finlan...Read More

The U.S. Environmental Protection Agency is planning to dredge contaminated sediment from streambeds and dig ditches to divert water away from tainted rocks and soil, in an effort to clean up wastewater flowing from 26 old mines in southwestern Colorado.According to the Associated Press, such efforts are part of an interim plan the EPA is advancing with the idea of keeping toxic heavy metals from...Read More

The average annual pay for expatriate exploration manager working in Colombia is US$170,000 per year, while the same job for locals pays $76,100.Data was compiled in CostMine's 2014 International Compensation Guidelines for Mining Exploration.Only in Chile was the pay trend reversed. The average annual salary for nationals was $133,800 compared to $130,500 for expatriates.Exploration manager pay f...Read More

Feasting on a global demand for cobalt and copper, the mining industry in the Democratic Republic of Congo is flourishing -- but two clouds are spoiling its sunlit future.First is the lack of power, which is holding back the development of the minerals processing sector and crimping the country'Read full newsRead More

Nordstrom isn't closing nearly as many stores as its larger department store rivals, but it could still generate a meaningful amount of cash from selling unneeded properties.Read full newsRead More

Pogo Mine officials say the company may extend the life of the mine northeast of Delta Junction if exploration they're conducting this summer confirms the presence of potentially rich gold deposits.Read full newsRead More

South Africa will give mining companies credit for past black-empowerment deals even when the investors later sold their shares to whites or foreigners, removing a major concern for the industry.Read full newsRead More

South Africa will give mining companies credit for past black-empowerment deals even when the investors later sold their shares to whites or foreigners, removing a major concern for the industry.Read full newsRead More