Month: March 2018

Of all things molybdenum could crash cobalt, nickel price party

Cobalt’s rise to six-digit territory seems inexorable as the hype around electric vehicle demand for battery materials shows no signs of cooling. Despite a pullback this week, at $95,000 a tonne cobalt is up another 24% in 2018 as it...

/ March 30, 2018

Port, railway workers reject Canada miner IOC's latest offer

A majority of 98 percent of workers at the Iron Ore Company of Canada’s railway and port operations in Sept Iles, Quebec have rejected the miner’s latest contract offer, the United Steelworkers said on Thursday, after negotiations stumbled on monetary...

/ March 30, 2018

Randgold reports record year

Randgold Resources’ Chief Financial Officer, Graham Shuttleworth, announced today that since the company declared its maiden dividend for the 2006 financial year, its dividends have increased by 1,900%. “Randgold Resources had one of the best years in its history of...

/ March 30, 2018

Open for business? Not BC

Consumer spending and a hot real estate market have helped buoy British Columbia’s economy in recent years. But they’ve also helped mask deep-rooted economic problems, including B.C.’s dismal level of business investment. Unfortunately, an onslaught of recent policies from Premier...

/ March 30, 2018

Britain's Vedanta hit by up to $600 mln charge for Goa iron ore unit closure

March 29 (Reuters) – London-listed Vedanta Resources said on Thursday it would likely record an impairment charge of up to $600 million following the closure of its iron ore business in India’s southwestern Goa state. In February, India’s Supreme Court...

/ March 30, 2018

Zinc output climbs, but uncertainty disrupts processing talks

LONDON, March 29 (Reuters) – Surging zinc mine output will eventually lift annual charges for treating concentrates, but uncertain timing has led to a stand-off in talks between mines and smelters. No deal has been achieved yet over benchmark processing...

/ March 30, 2018

Goldcorp deposits 3,000 ounces of gold in blockchain 'milestone'

TORONTO, March 29 (Reuters) – Goldcorp Inc made the first gold deposit on Tradewind Markets’ new digitized trading platform, the companies said on Thursday, with 3,000 ounces of bullion from its Red Lake mine complex in Ontario. As old-school gold...

/ March 30, 2018

Exploration spending in Canada’s poorest regions keeps sliding

Canada’s Northwest Territories and Nunavut, two of the three regions with the lowest income per capita, have experienced a dramatic decline in exploration spending during the last ten years, data from Natural Resources Canada (NRCan) shows. According to NRCan most...

/ March 30, 2018

Miners ask Congo to introduce sliding royalty scale

Miners operating in the Democratic Republic of Congo submitted Thursday a new proposal for the government related to the recently passed new mining code, which substantially increases the cost of doing business in the central African nation. The likes of...

/ March 29, 2018

Canada’s Asanko, South Africa’s Gold Fields team up in $203m Ghana JV

South Africa’s Gold Fields (JSE, NYSE: GFI) and Canada’s Asanko Gold (TSX: AKG) are teaming up to develop one of Ghana’s newest gold mine, the Asanko Gold Mine (AGM), is located in the country’s Ashanti Region. As part of the...

/ March 29, 2018

Aura Minerals wants to reactivate projects under care and maintenance

Mid-tier gold and copper miner Aura Minerals (TSX:ORA) announced that it is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively. During a conference call held to announce its consolidated financial statements for the...

/ March 29, 2018

Grizzly wants to buy Robocop

Edmonton-based Grizzly Discoveries announced its intentions to purchase the cobalt-copper-silver “Robocop Property,” located within the Fort Steele Mining District in southeastern British Columbia. In detail, the property is located east of the company’s Greenwood property or approximately 45 kilometres south...

/ March 29, 2018