Month: November 2017

Globe Competency Assurance enters Strategic Partnership Agreement with OzMozis Limitada (Mozambique)

Globe CA have entered a strategic partnership agreement with OzMozis Lda in Mozambique. The intent of the agreement is to work together to develop new and additional service offerings to support clients in the emerging, mining, oil & gas industry...

/ November 11, 2017

Armed separatists occupy villages near Freeport's Indonesia mine

Armed separatists have occupied five villages in Indonesia’s Papua province, threatening to disrupt Freeport-McMoRan Inc’s giant Grasberg copper mine, which has already been hit this year by labor unrest and a dispute over operating rights. A state of emergency has...

/ November 11, 2017

Eldorado halts investment in Greece’s Skouries project, sues Gov't

Canada’s Eldorado Gold’s (TSX:ELD)(NYSE:EGO), Greece’s biggest foreign investor, has decided to stop development and investment in its Skouries gold project located in the country’s northern region of Halkidiki, as talks with authorities seemed stalled. The Vancouver-based firm also said it had initiated...

/ November 11, 2017

Indonesia warns of tough response after Papuan rebels threaten Freeport

Indonesia’s military said on Friday it was prepared to take tough measures against rebels who have threatened to “destroy” mining operations of Freeport-McMoRan Inc in the eastern province of Papua in their struggle for independence. Police say an armed separatist...

/ November 11, 2017

Finnish nickel producer, Trafigura tap electric vehicle boom

HELSINKI, Nov 10 (Reuters) – Finland’s Terrafame nickel mine is planning to start producing material for electric vehicle batteries by 2020, the company said on Friday, after securing $200 million more in funding from commodities trader Trafigura Group. Trafigura, which...

/ November 11, 2017

This Aussie miner is about to break into South Korea lithium sector

Shares in aspiring lithium miner Pilbara Minerals (ASX:PLS) spiked Friday following the Australian firm’s announcement of a potential joint venture with two South Korean companies to develop a lithium processing facility in the Asian country. The agreement, signed with South...

/ November 11, 2017

Why prospect generators: an interview with Brent Cook

Brent Cook of Exploration Insights, sits down with Maurice Jackson of Proven and Probable at the 2017 New Orleans Investment Conference to discuss the merits of owning Prospect/Project Generators. Listeners will gain the fundamental building blocks of what is defined as a Prospect/Project...

/ November 11, 2017

Russian fund plans a $1bn mining venture with China Gold

(Bloomberg) — Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal. “We and China...

/ November 11, 2017

Osisko's hybrid model could be the future of gold streaming

Sean Roosen, Chairman and CEO of Osisko Gold Royalties Precious metal streaming and royalty companies are the envy of the industry. The relative share price performance over a 10-year period of the largest gold streaming and royalty companies vs the...

/ November 11, 2017

BHP needs 120 new workers at its Olympic Dam in Australia

World’s No.1 mining company BHP (ASX, NYSE:BHP) (LON:BLT) said Friday it was looking to fill 120 new positions at its Olympic Dam copper and uranium mine in South Australia during the next 12 months. The available jobs are mostly at...

/ November 11, 2017

South Africa's NUM says coal strike to begin on Nov. 19

South Africa’s National Union of Mineworkers will begin a strike over wages in the coal sector on November 19, the union’s spokesman said on Friday. A protracted strike in the coal sector could affect power supply in Africa’s most industrialised...

/ November 11, 2017

The real value of statues around the world

Millions of people visit them every day. Just a quick scroll through your Instagram feed will reveal at least a couple photographs of your friends standing next to or on top of them. They contribute massively to economies around the...

/ November 11, 2017