by Andrew Topf50M+ ounce Walker Lane Trend While most gold investors are familiar with the Carlin Trend - the largest gold-producing region in the United States - there are other, less explored parts of Nevada starting to attract a lot of attention. Specifically, the Walker Lane Gold Belt where company-making discoveries are being drilled. Located in southern Nevada, Walker Lane has some of the mo...Read More
World Nuclear Association Director General Agneta Rising said today that nuclear power can help Indonesia meet its economic, energy and environmental goals. Speaking at the opening of World Nuclear Spotlight Indonesia 2018, in Jakarta, Rising said she welcomed the Indonesian government's commitment to supporting innovative nuclear technology."I welcome the government's commitment to supporting inn...Read More
The heads of mining companies should not be complacent about higher prices and need to continue to run their operations as efficiently as possible, the chief executive officer of Konkola Copper Mines (KCM) told Metal Bulletin. Steve Din said during an interview on the sidelines of the Mining Indaba conference in Cape Town, South Africa that the mining sector must avoid a tendency to become exubera...Read More
Copper premiums in the United States and China were broadly unchanged over the past week, while those in northern Europe softened amid lower offer prices from sellers. Lower offer prices sink northern European premiumsUS copper premium steady, potential near-term rise eyedShanghai premiums broadly flat ahead of Lunar New Year holidays Copper premiums eased lower in northern Europe this past...Read More
Base metals prices on the London Metal Exchange plunged at the 5pm ring close on Wednesday February 7 amid a strong recovery in the dollar leading to copper prices plummeting 2.4%. The three-month copper price declined $196 to close below $7,000 per tonne, hitting a new 2018 low and the lowest since December 19, 2017. "The open of the Chinese night session and Comex saw renewed pressure across the...Read More
Tungsten miner Almonty Industries reported earnings before interest, taxes, depreciation and amortization (Ebitda) for the three months ended September 31, 2017, that were the same as in the previous quarter, at C$2.88 million ($2.31 million).This was a significant increase from earnings of C$951,000 recorded in January-March, which was the second quarter of Almonty's financial year, the Canada-ba...Read More
Yilmaden Holding has sent a team of senior representatives to Mining Indaba to secure investment opportunities in markets including cobalt, vanadium and molybdenum. The company, a subsidiary of Turkish industrial conglomerate Yildirim Group, is looking for diversification opportunities in Central Asia, Africa and South America. The group already owns chrome assets in Turkey, Sweden, Russia and Kaz...Read More
Wesfarmers (ASX:WES) has signed an agreement with the Coronado Coal Group to sell the Curragh coal mine in Queensland for A$700M, resulting in an after-tax profit of approximately A$100M.The sales price also includes a variable component as a part of the price will be based on some sort of 'windfall benefits' scheme. Wesfarmers will be entitled to 25% of the revenue from coal exports sold at a pri...Read More
Nyrstar, the world's second largest zinc smelter, has filed an arbitration request to the operator of Century Zinc mine to enforce "long-standing Life of Mine agreements" for the offtake of zinc concentrates, the company told Metal Bulletin. The dispute centers on a life of mine offtake agreement Nyrstar had for concentrate from the Century mine in Australia, recently revived via tailings reproces...Read More
Blue Sky Uranium (BSK.V) has released another batch of dril results from its Amarillo Grande uranium project in Argentina, and it looks like the company has now zeroed in on a thicker and higher grade zone compared to the previous drill results. When the assay results show 17 meters of 1713 ppm, 18 meters at 948 ppm and an additional 18 meters containing 2095 ppm U3O8, you know the company is on t...Read More
Trading houses Transamine and Mercuria have entered into long-term offtake agreements for zinc concentrates from the Century zinc mine, beating competition from nine other parties, operator New Century Resources said on Wednesday February 7. The two traders will take an estimated total of 750,000 tonnes of 54% zinc concentrates from the project at floating spot market terms, half of the 1.5 millio...Read More
Underground mining at the San Rafael silver-zinc-lead mine in east-central Sinaloa State, Mexico. Americas Silver declared commercial production as of December 19, 2017 at 1,200 tonnes per day. Photo courtesy Americas Silver Corp.Americas Silver Corporation [USA-TSX; USAS-NYSE AMERICAN] is a junior mining company with two important project areas; the Cosal?? District operation in Sinaloa State, Me...Read More
Harvest One Cannabis Inc. (TSXV:HVT) said it believes large-scale outdoor production will significantly reduce production costs compared to indoor cultivationSmallCapPower | February 7, 2018: Harvest One Cannabis Inc. (TSXV:HVT), through its wholly-owned subsidiary United Greeneries (UG), Tuesday provided an update on its facilities and expansion targets. Harvest One is targeting 20,000 kg of drie...Read More
An overview of the minor metals markets and the reasons for any price moves. Read More
Anaconda Mining's Point Rousse gold mine on the Baie Verte Peninsula, Newfoundland. Source: Anaconda Mining Inc.Anaconda Mining Inc. [ANX-TSX, ANXGD-OTC], on Wednesday announced assay results for the first five holes of an ongoing 6,000-metre diamond drill program at the company's Goldboro Project in Nova Scotia.Highlights from this drill program include multiple occurrences of visible gold. Ass...Read More
Mining's Santander zinc mine in west-central Peru. Source: Trevali Mining Corp.TD Securities is bullish on the outlook for the price of zinc and says Trevali Mining Corp. [TV-TSX, Lima; TREVF-OTCQX, 4T1-FSEt] remains its preferred way to gain exposure to the metal. The investment firm has upped its stock price targets for Trevali and a number of other players in the sector after increasing its zin...Read More
Ivanhoe Mines will meet the higher taxes and royalty requirements expected to be introduced by the Democratic Republic of Congo (DRC) provided it is counterbalanced by stability and transparency into how the additional revenues are spent, the company's executive chairman said. Local communities must benefit from mining revenues in the manner that was intended at the outset of projects, Robert Frie...Read More
Tarku Resources Ltd (TSX VENTURE:TKU) is a Canadian exploration company focused on generating sustainable projects for precious and base metals by conducting exploration in areas with strong geologic potential and high levels of social acceptability. Tarku holds a 100% interest in all its projects and has an option to acquire a 50% interest in the SOQUEM project. We learned from Julien Davy, Presi...Read More
The Turkish steel mills stayed out of the scrap markets on Wednesday February 7, making no deep-sea bookings, but were still expected by market sources to book more cargoes for March.There were rumors of a European cargo being sold at $340-342 per tonne cfr for HMS 1&2 (80:20), but the supplier denied this."I heard the same rumor but it is not correct," the supplier source said....Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Falcon (TSXV: FG) Adds Central Canada Property to Its Cobalt and Gold Holdings in Northwestern OntarioHIGHLIGHTS:Located contiguous to Falcon's recently optioned cobalt, gold and copper claims in historic Atikokan mining camp;Property contains past producing...Read More