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...
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...
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...
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...
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...
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 |...
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...
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...
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,...
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...
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...
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...