By Andy HomeIndustrial users of the London Metal Exchange have greeted the launch of physical exchange traded funds for base metals with a mixture of fear and loathing.By removing metal from the supply chain during a period of expected market deficit, could they become a price driver in their own right? Or will they prove to be a damp squib, a purely temporary by-product of “loose” mon...Read More
South Africa's AngloGold Ashanti (NYSE:AU) (JSE:ANG), the world's third-largest producer of the metal, said Wednesday it had received environmental permits to reopen its idled Obuasi mine in Ghana.The operation, which for years battled incursions by illegal miners, is expected to start gold production by the third quarter of 2019, at an initial cost estimated between $450 million to $500 millio...Read More
ROME, June 27 (Reuters) - Italy's new government has postponed its planned handover of the heavily polluting Ilva steel plant, Europe's largest, to ArcelorMittal by two and a half months to Sept. 15 as Rome seeks more time to rejig the terms of the deal.The plant in southern Italy has been under state-supervised special administration since 2015, after magistrates said it must be cleaned up or clo...Read More
Australian copper-gold miner OZ Minerals (ASX:OZL) has begun a compulsory takeover Avanco Resources (ASX:AVB), after months of slowly increasing its interest in the Brazil-focused explorer.The Adelaide-based company said the fact it now owns more than 90% of Avanco allows it to acquire all of the remaining shares to acquire it entirely.OZ Minerals first launched its A$418 million-takeover bid fo...Read More
MANILA, June 27 (Reuters) - Philippine miners are urging the government to lift a six-year ban on new large-scale mining projects in the world's No. 2 nickel ore supplier after the state removed restrictions on fresh smaller ventures.The Department of Environment and Natural Resources said in a memorandum dated June 18, but not widely flagged, that a moratorium on government approvals for mining d...Read More
Edison's Charles Gibson tells Mining Journal Select London just when share price gains peakRead full newsRead More
Policymakers and analysts are digging into the details of how to get more EVs on the road.Read full newsRead More
BYD Co. is building what would become the world's largest vehicle-battery factory next year in an effort by the Chinese electric-car maker to increase capacity and help revive earnings growth.Read full newsRead More
The 'weaponized' yuan continues its collapse - back above 6.6 per USD for the first time since December and down 6% from the March highs...Read full newsRead More
This article is intended for those of you who are at the beginning of your investing journey and want a simplistic look at the return on Highland Gold Mining LimitedRead More...Read full newsRead More
This article is intended for those of you who are at the beginning of your investing journey and want a simplistic look at the return on Highland Gold Mining LimitedRead More...Read full newsRead More
June 26, 2018 Vancouver, British Columbia | Sandstorm Gold Ltd. (dba Sandstorm Gold Royalties, 'Sandstorm' or the 'Company') (NYSE American: SAND, TSX: SSL) is pleased to provide a summary of the results from the Hod Maden Pre-Feasibility Study ('PFS'). All figures are in U.S. Dollars and are on a 100% project basis unless otherwise stated. Sandstorm has a 30% interes...Read More
The miner, which has set an exploration objective of adding one million gold equivalent ounces to Cerro Moro's mineral inventory, has hiked its exploration budget for 2018 to $11.2 million from $9 million.Read full newsRead More
Exactly 2 years after replacing the existing diesel power station with a high-speed, gas-fuelled reciprocating engine station, Aggreko is now working with Gold Fields to introduce renewables at its Granny Smith gold mine in Western Australia.Aggreko won the contract to build and operate the 21MW powerRead full newsRead More
Nexus Gold (TSXV:NXS,OTC:NXXGF,Frankfurt:N6E) is pleased to announce that it has closed an initial tranche of its non-brokered private placement (the "Private Placement") of units (each, a "Unit") at a price of $0.25 per Unit.Read full newsRead More
Yamana Gold has launched commercial production at its Cerro Moro mine, with the project on both schedule and budget after construction began a few years ago.Read full newsRead More
Signature Resources Ltd. (TSXV:SGU, OTCQB:SGGTF) (Read full newsRead More
Fremont Gold (TSXV:FRE) (Read full newsRead More
Stockholm, Sweden: The mine of the future is carbon-dioxide-free, digitalized and autonomous. To set a new world standard for sustainable mining at great depth, LKAB, Epiroc, ABB, Combitech and AB Volvo have joined forces in a partnership and are starting a unique testbed in the orefields of northern Sweden.The testbed, SUM, Sustainable Underground Mining, will be created in LKAB's underground mi...Read More
Sandvik introduces the new RR441 rotary bit with an advanced cutting structure design. The RR441 is an improved version of the RR440, designed to last up to 140 percent longer than comparable rotary bits*. With an extended bit life and fewer bit changes, the RR441 maximizes drilling uptime, providing a lower cost per meter and setting a new industry standard.The Sandvik RR440 range of rotary bit...Read More