Month: September 2017

New project results provide expert knowledge about Kootenay-Boundary mineral potential

New results of projects funded by Geoscience BC provide valuable information on potential precious and base mineral deposits in an area between Penticton and the Kimberley area in BC’s Kootenay-Boundary region. The project Geological mapping, compilation and mineral evaluation, Penticton...

/ September 30, 2017

Here’s how to avoid being caught in mining scams

Calling a class “bullshit,” and in public, would normally be considered inappropriate, but there’s one where students can get away with it. Two University of Washington professors are teaching a course to help learners “think critically about the data and models...

/ September 30, 2017

India's biggest holiday boosts De Beers rough diamond sales

Anglo American’s (LON:AAL) De Beers, the world’s No.1 diamond producer by value, said Tuesday it saw an 5.7% rise in rough diamond sales during the sixth cycle of the year compared with the previous one, as earlier Diwali festivities brought...

/ September 30, 2017

Mining industry can now predict opposition to projects before it's too late

Newmont Mining, the world’s 2nd largest gold miner, walked away from its $5 billion Conga copper and gold project in Peru in 2016, due to relentless community opposition. (Image courtesy of Golda Fuentes | Flickr.) It’s sounds too good to...

/ September 30, 2017

China iron ore makes biggest monthly drop since May 2016 as demand concerns rise

China iron ore futures made their biggest monthly decline since May 2016 amid increasing concerns about demand as government inspections have curtailed steel production and ample inventories. The Dalian Commodity Exchange’s most-traded iron ore contract, for January delivery, closed down...

/ September 30, 2017

US researchers find unexpected new source of much-needed lithium

US researchers find unexpected new source of much-needed lithium Supervolcanoes could hold the key to supplying the key element needed for rechargeable batteries used in high tech devices and electric cars. Cecilia Jamasmie | Aug. 16, 2017, 3:30 AM |...

/ September 30, 2017

Iron ore price craters

The decline in the price of iron ore over the past two weeks turned into a rout on Thursday as worries about new supply combined with fears that Chinese steel production may have peaked. The Steel Index benchmark price for...

/ September 30, 2017

Govt electricity supply report 'will not save US coal'

In April, US energy secretary Rick Perry tasked researchers at the DOE to produce a report on electricity markets and grid reliability. Given the White House’s call to “bring back coal”, renewable energy backers did not bother to wait for...

/ September 30, 2017

Greece grants permits for Eldorado after miners clash with police

A group of Eldorado Gold (TSX:ELD)(NYSE:EGO) workers clashed with Greek police Wednesday outside government buildings in Athens during a protest against potential job losses, following the Canadian miner’s decision to suspend operations and investments in the country. The Vancouver-based company,...

/ September 30, 2017

Improving safety and productivity with the world’s first wireless electronic blasting system

Orica (ASX: ORI), the world’s largest manufacturer of commercial explosives and innovative blasting systems, today announced the successful production trials of the premium WebGenTM 100 wireless electronic blasting system. WebGenTM 100, signals a step-change in in-hole initiation and decisive step...

/ September 30, 2017

A new challenge to the dollar

Story by John Browne In a move that was little noticed outside of the financial world, China announced the creation of an oil futures contract (open to international traders) that will be denominated in Yuan and convertible into gold. This move...

/ September 30, 2017

No one has discovered more gold in Nevada – and he’s at it again

Current Price: $2.26Shares Outstanding: 12.4 millionMarket Capitalization: $28.0 millionCash: $4 million Rain Man is not a self-given nickname. Dave Mathewson is synonymous with gold exploration in Nevada, and the nickname was given due to his multi-million-ounce discoveries in and around...

/ September 30, 2017