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CanmetMINING, COREM sign co-operation agreement

November 06, 2018 / www.mining.com

CanmetMINING and COREM have signed a co-operation agreement to meet the needs of Canada's mining industry as it embraces innovation. The aim is to reduce the risks associated with adopting new technology that supports sustainability and competitiveness.The two hope to leverage their joint expertise and capability on projects of importance to the mining sector.CanmetMINING is part of Natural Res...Read More

CanmetMINING, COREM sign co-operation agreement

November 06, 2018 / www.mining.com

CanmetMINING and COREM have signed a co-operation agreement to meet the needs of Canada's mining industry as it embraces innovation. The aim is to reduce the risks associated with adopting new technology that supports sustainability and competitiveness.The two hope to leverage their joint expertise and capability on projects of importance to the mining sector.CanmetMINING is part of Natural Res...Read More

SpaceX seeks $750 million leveraged loan

November 06, 2018 / www.kitco.com

NEW YORK (LPC) - Elon Musk's Space Exploration Technologies Corp, known as SpaceX, is looking to line up a $750 million leveraged loan, sources said.Bank of America Merrill Lynch is leading the transaction. A lenders presentation will be held by the SpaceX management team on November 7.SpaceX makes rockets and spacecraft. The company was founded by Elon Musk in 2002 as a way to help humans live on...Read More

Nutrien permanently shutters New Brunswick plant

November 06, 2018 / www.mining.com

NEW BRUNSWICK - The world's largest fertilizer supplier, Nutrien, has announced the permanent closure of its New Brunswick potash facility near Sussex. The mine and plant have been on care and maintenance since early 2016.Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested. The company will take a US$1.8 bil...Read More

Nutrien permanently shutters New Brunswick plant

November 06, 2018 / www.mining.com

NEW BRUNSWICK - The world's largest fertilizer supplier, Nutrien, has announced the permanent closure of its New Brunswick potash facility near Sussex. The mine and plant have been on care and maintenance since early 2016.Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested. The company will take a US$1.8 bil...Read More

Nutrien permanently shutters New Brunswick plant

November 06, 2018 / www.mining.com

NEW BRUNSWICK - The world's largest fertilizer supplier, Nutrien, has announced the permanent closure of its New Brunswick potash facility near Sussex. The mine and plant have been on care and maintenance since early 2016.Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested. The company will take a US$1.8 bil...Read More

Gold To Silver Ratio At Multi-Decade High

November 06, 2018 / seekingalpha.com

Different ways the gold to silver ratio will affect precious metals.Inverse head and shoulders technical analysis of the gold to silver ratio.Future possibilities of the gold to silver ratios.The gold to silver ratio, or the number of ounces of silver required to purchase one ounce of gold, is within a window of approximately 6 to 9 months whereby it will either strongly confirm or strongly deny t...Read More

Diesel decline to fuel auto demand for aluminum: Constellium

November 06, 2018 / www.kitco.com

PARIS (Reuters) - The decline of diesel engines will support the growing use of aluminum in vehicles as the auto industry pursues lighter models to meet emissions targets, the head of aluminum parts maker Constellium (CSTM.N) said on Tuesday.As a lighter but costlier alternative to steel, aluminum has become a significant part of premium car models and efforts to bring electric-powered vehicles to...Read More

CANADA STOCKS-TSX rises on gains in healthcare, material shares

November 06, 2018 / www.kitco.com

Nov 6 (Reuters) - Canada's main stock index rose on Tuesday, driven by gains in shares of healthcare and material companies.* Better results announced by drugmaker Bausch Health lifted healthcare stocks, while materials companies rose on the back of higher metal and gold prices.* At 9:36 a.m. ET (1436 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was up 60.65 points, or 0.4 percen...Read More

CANADA STOCKS-TSX rises on gains in healthcare, material shares

November 06, 2018 / www.kitco.com

Nov 6 (Reuters) - Canada's main stock index rose on Tuesday, driven by gains in shares of healthcare and material companies.* Better results announced by drugmaker Bausch Health lifted healthcare stocks, while materials companies rose on the back of higher metal and gold prices.* At 9:36 a.m. ET (1436 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was up 60.65 points, or 0.4 percen...Read More

BTU Commences Drone Operation at Dixie Halo South, Red Lake, Ontario @BTUMetalsCorp

November 06, 2018 / bit.ly

BTU Metals Corp. (TSXV:BTU) announces it has commenced a drone survey over certain areas of its Dixie Halo project located in the Red Lake camp, Ontario.Read full newsRead More

Stocks edge up, dollar steady, as U.S. votes in midterms

November 06, 2018 / www.kitco.com

NEW YORK (Reuters) - Stock markets edged up modestly on Tuesday, with trading thin in the United States, while the dollar and Treasury yields held steady, as Americans went to the polls in a pivotal midterm election that could shift the balance of power in Congress.MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 0.12 percent.The elections mark the first major test of President D...Read More

Caledonia buys back 15% interest in Blanket gold mine in Zimbabwe

November 06, 2018 / www.mining.com

Caledonia Mining (TSX: CAL; NYSE: CMCL) has agreed to buy back Fremiro Investments' 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at $16.6 million. After completing the transaction, Caledonia will own 64% of Blanket.Under the terms of the deal, the two companies will cancel Fremiro's outstanding US$11.46 million Caledonia loan. Caledonia will then issue Fremiro 727,266 s...Read More

Caledonia buys back 15% interest in Blanket gold mine in Zimbabwe

November 06, 2018 / www.mining.com

Caledonia Mining (TSX: CAL; NYSE: CMCL) has agreed to buy back Fremiro Investments' 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at $16.6 million. After completing the transaction, Caledonia will own 64% of Blanket.Under the terms of the deal, the two companies will cancel Fremiro's outstanding US$11.46 million Caledonia loan. Caledonia will then issue Fremiro 727,266 s...Read More

Caledonia buys back 15% interest in Blanket gold mine in Zimbabwe

November 06, 2018 / www.mining.com

Caledonia Mining (TSX: CAL; NYSE: CMCL) has agreed to buy back Fremiro Investments' 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at $16.6 million. After completing the transaction, Caledonia will own 64% of Blanket.Under the terms of the deal, the two companies will cancel Fremiro's outstanding US$11.46 million Caledonia loan. Caledonia will then issue Fremiro 727,266 s...Read More

Pacton Signs Golden Palms Definitive Agreement @PactonGold

November 06, 2018 / bit.ly

Pacton Gold (TSXV:PAC; US:PACXF) (theRead full newsRead More

Trafigura Commits 2nd Loan Tranche US$5 Million to Telson's Tahuehueto Mine Construction @telsonmining...

November 06, 2018 / twitter.com

"Trafigura Commits 2nd Loan Tranche US$5 Million to Telson's Tahuehueto Mine Construction @telsonmining https://t.co/hhR6ooAp1H"Read full newsRead More

Gold, Silver Pressured By Firmer USDX, Rally In U.S. Stock Market

November 06, 2018 / www.kitco.com

(Kitco News) - Gold andsilver prices are moderately lower in early-afternoon U.S. trading Tuesday. Amodest rebound in the U.S. dollar index today, as well as a rally in the U.S.stock market, put some downside pressure on the precious metals markets.Trading was choppy and two-sided as the world marketplace awaits the outcome ofthe U.S. mid-term elections. December gold futures were last down $5.10...Read More

Gold, Silver Pressured By Firmer USDX, Rally In U.S. Stock Market

November 06, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices are moderately lower in early-afternoon U.S. trading Tuesday. A modest rebound in the U.S. dollar index today, as well as a rally in the U.S. stock market, put some downside pressure on the precious metals markets. Trading was choppy and two-sided as the world marketplace awaits the outcome of the U.S. mid-term elections. December gold futures were last down...Read More

Gold To Climb 7% Regardless Of Where Stocks Are Headed - Wells Fargo

November 06, 2018 / www.kitco.com

(Kitco News) - Gold is due for a comeback even if the global equities space rallies following a recent correction, according to Wells Fargo, which projects to see the precious metal rise another 7% from current levels.“We suspect that gold could very well continue to rally as we exit 2018 and enter 2019, even if stocks do too. Our rolling 12-month gold target is $1,300—roughly 7% highe...Read More

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