It was recently reported in the Financial Post that in-situ leaching of copper is an unproven technology. After personally spending 5 years working at the in-situ copper leaching operation at San Manuel, Arizona I can state that it has definitely been proven. I believe a little history is required to understand this technology since it is not widely known.In-situ leaching itself is not a new t...Read More
China-backed miner MMG Ltd (HKG:1208) revealed Wednesday it lost $1.05 billion last year as metals prices traded at multiyear lows, forcing it to book a $784.3 million write down.The overseas unit of China's largest state-owned copper and zinc producer said revenue fell 21% to $1.95 billion in the year to Dec. 31, despite achieving record copper production, as prices for the industrial metal we...Read More
Lula and the BRICS in a fight to the death ... "BRICS" is the dirtiest of acronyms in the Beltway/Wall Street axis ... So it's no surprise the three key BRICS powers have been under simultaneous attack, on many fronts, for some time now. -RTThis RT article provides us a momentous summary of the world's latest Cold War.It is "The BRICS Versus the Anglosphere."The analysis comes from one of the savv...Read More
Lula and the BRICS in a fight to the death ... "BRICS" is the dirtiest of acronyms in the Beltway/Wall Street axis ... So it's no surprise the three key BRICS powers have been under simultaneous attack, on many fronts, for some time now. -RTThis RT article provides us a momentous summary of the world's latest Cold War.It is "The BRICS Versus the Anglosphere."The analysis comes from one of the savv...Read More
Largest Chainsaw Carver event in the world with over 200 registered carvers from around the globe. This was the 17th Annual Event in Ridgway Pennsylvania held March 5-12, 2016. Registered Carvers: Brooks Abein, Pa; Enrique Aguilar, Honduras; Banana Bob Anderson, Ohio; Jeff Annis, Ohio; Korey Annis, Ohio; Justin Antonuk, NY; Gary Arens, Michigan; Sean Arthurs, Pa; Eduard Atayan, NY; Peter Auchmoody...Read More
?oe" Subscribe to Jazz Everyday ?+' http://bit.ly/1Ydc0dN?(TM)<< Listen to full album on Youtube ?+' https://www.youtube.com/watch?v=CRuyu...?oe" Follow us on Spotify: http://bit.ly/23dLyE7 / Deezer: http://bit.ly/23dLEvDRead More
Well, that was shortlived. The rally that had investors clambering back into mining stocks came to an abrupt end today, as disappointing export data from China showed continuing signs of weakness in the world's top commodities consumer.Traders were quick to hit their sell buttons as official figures released in Beijing today showed exports in February were down a whopping 25.4 percent from the pre...Read More
Karl Simich, Managing Director and CEO of Sandfire Resources (Screengrab)It hasn't been much fun for base metal producers in recent years. As Karl Simich, Managing Director and CEO of Sandfire Resources, puts it bluntly, the price of copper has made the business of mining the stuff "hard work."Low oil prices and weak currencies for ex-USA miners offers some reprieve. But they have only softened th...Read More
Courtesy of: Visual CapitalistPresented by: Red Cloud Klondike Strike (Equity crowdfunding in mining)Apple launched the first iPhone in 2007, and since then the iconic smartphone has sold over 700 million units around the world.This best-selling handset sets the standard for smartphone performance and features. However, the iPhone would not be possible without the extraordinary raw materials that...Read More
Teck Resources's CEO, Don Lindsay, says the company is not considering selling its stake in the Fort Hills oil sands project.In an interview on Business News Network, he was asked whether the company has discussed selling its 20 per cent ownership in Fort Hills."Not a single discussion. Not a single hint of it," said Lindsay. "We're building a long-term franchise."Read more...Read More
The recent surge in prices of gold, oil and other commodities has come prematurely, says the bank, arguing that lower prices are needed for markets to rebalance.Goldman Sachs (NYSE:GS), one of the most influential banks in commodity markets, poured cold water on the growing belief that metals and oil prices have "bottomed out," and warned the current rally is "not sustainable."In a series of repor...Read More
Two workers died and five are missing at Glencore's (LON:GLEN) Katanga Mining operation in the Democratic Republic of Congo after a pit wall collapsed on Tuesday.The "geotechnical failure" - or a landslide - occurred on the north wall of the KOV open pit mine, Glencore-owned Katanga said in a statement. It added that all relevant authorities had been informed and that all activity on site had al...Read More
According to a recent EY report, financial distress among mining and metals companies is expected to shape merger and acquisition (M&A) activity in the sector in 2016, with divestments picking-up pace on the back of volatility and uncertainty on the timing of a recovery."The value and volume of Canadian deals was at a 10 year low in 2015," says Bruce Sprague, EY's Canadian Mining & Metals Leader....Read More
Escondida, the world's largest copper-producing mine. Image courtesy of BHP BillitonCopper mining companies operating in Chile, the world's top producer of the industrial metal, have begun bringing contractors in-house and bracing for salary hikes ahead of a pro-worker reform bill, which on track to be approved this month.Miners are not happy about the upcoming legislation because they believe it...Read More
Trump's rise disturbs world media ... As the U.S. woke up Wednesday to the news that Donald Trump had triumphed in a majority of the states up for grabs in the Super Tuesday contests, the wider world also woke up to the prospect of a man whom some consider a demagogue occupying the world’s most powerful political office … – Financial ExpressThe mainstream media is filled with...Read More
Trump's rise disturbs world media ... As the U.S. woke up Wednesday to the news that Donald Trump had triumphed in a majority of the states up for grabs in the Super Tuesday contests, the wider world also woke up to the prospect of a man whom some consider a demagogue occupying the world’s most powerful political office … – Financial ExpressThe mainstream media is filled with...Read More
Another truckload of structure off to the galvanizer...www.maricorpus.comRead More
The World Gold Council's latest gold inventory report is out, and the news this time is really shocking. As of February, the United States continues to lead the group with around 8,133 tons of gold, accounting for a whopping 72% of U.S. total reserves. Germany comes in second with 3,381 tons in February, or 66% of its total reserves, at the same time as France and Italy both counted in excess...Read More
Ontario Recognizing Milestone for Key Research InstitutionThe Ontario Geological Survey is celebrating 125 years of documenting the geology of Ontario and providing modern, independent and credible geoscience data and knowledge to the public.Since its establishment, the Ontario Geological Survey has contributed significantly to fostering investment in Ontario, protecting public health and safety,...Read More