Month: March 2018
Trade wars, metals, and you
Maurice Jackson: Welcome to “Proven & Probable“, where we focus on metals, mining and more. I’m your host, Maurice Jackson. Joining us for a conversation is Mickey Fulp, the Mercenary Geologist, to discuss trade wars and how you may benefit. Mr....
Chilean miner Codelco says copper output, profit jumped in 2017
SANTIAGO, March 29 (Reuters) – Chile’s state copper company Codelco said on Thursday it produced 1.734 million tonnes of copper in 2017, its second highest output ever, despite persistently low ore grades at its aging mines. The world’s top copper...
Community group in New Zealand worried about OceanaGold’s project
A community group from New Zealand’s Waihi town, in the North Island’s Hauraki district, is expressing concerns over plans announced by OceanaGold Corporation (TSX/ASX: OGC) to mine for gold under the nearby open Martha pit. This week, the Melbourne-based company...
Illegal gold miners invade Grace Mugabe’s farm
About 400 illegal gold miners invaded a farm that belongs to former Zimbabwean first lady, Grace Mugabe. Local newspaper Newsday reports that Mugabe was touring the farm, located in the northern village of Mazowe which is some 40 kilometres north...
Workers at Codelco's Radomiro Tomic mine reject contract offer
A union representing the majority of workers at Codelco’s Radomiro Tomic mine in Chile has rejected a final offer for a new labor contract, forcing a period of government-facilitated mediation, the company said on Thursday. The union, part of state...
Anglo American ordered to halt Brazil ops again after leak
Brazilian environmental regulators ordered miner Anglo American Plc (LON:AAL) to halt operations in the country following a pipeline leak. Anglo American had previously suspended mining operations in its Minas-Rio system in Brazil, which transports iron ore from the company’s mine...
China steel, coking coal jump on Handan curbs, short covering
Prices of steel rebar, coke, and coking coal jumped on Friday as the key steel city of Handan in northern China announced new curbs in its fight against pollution, while investors covered short positions to close out the month and...
East Africa Metals and Luck Winner fail to agree on Ethiopian projects financing
Vancouver-based East Africa Metals (TSX-V:EAM) revealed that its previously announced Ethiopian Project Financing Memorandum of Understanding with Luck Winner Investment Limited failed to materialize. In a press release, East Africa said that “despite the best efforts of both parties, negotiations...
Avaaz launches campaign against Belo Sun’s massive Brazilian mine
U.S.-based online activist network Avaaz launched a campaign to gather signatures to oppose the construction of the Volta Grande project, expected to become Brazil’s largest gold mine. Canada’s Belo Sun Mining Company (TSX:BSX) is behind the project, which is located...
Calls for gold exploration on Warwick Mountain delayed
Reference image. Part of the Cobequid fault zone exposed in cliffs to the west of Clarke Head, near Parrsboro, Nova Scotia. Photo by Mike Norton, Wikimedia Commons. Following a request by the Colchester County council, Nova Scotia’s Department of Natural...
Eldorado Gold updated Greek mine plan reduces 'footprint'
TORONTO, March 29 (Reuters) – Canada’s Eldorado Gold Corp filed a new technical report for its contentious Skouries gold mine project in Greece on Thursday, which said it “significantly” reduces the development’s environmental footprint. The miner, which also filed updated...
Gold particles make the invisible visible
To understand how enzymes work, scientists need to make molecules involved in enzymatic activities visible through techniques such as fluorescence microscopy. However, many times molecules cannot be detected because they don’t emit light. Gold can be the solution to such...