Month: April 2018
Halted Botswana diamond mine to be sold at online auction
A diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers. The Lerala Mine was opened in 2008...
Barrick, NovaGold project in Alaska gets key environmental approval
Barrick Gold (TSX, NYSE:ABX) and NovaGold Resources’ (TSX, NYSE-MKT: NG) proposed gold mine in Alaska has received a long-waited final environmental clearance, granted by the U.S. Army Corps of Engineers, the Canadian miners said Monday. The Dolin project, one of...
Australia’s Galaxy hires JP Morgan to advise on $376m-lithium project options
Shares in Australia’s Galaxy Resources (ASX:GXY) jumped Monday after it confirmed it had hired JPMorgan to evaluate “strategic options” for its Argentina-based Sal de Vida lithium and potash project. Move comes at a time when both battery and car companies, especially...
Peruvian president advocates for sustainable mining
Peru’s new President, Martín Vizcarra, said Saturday that he was in favour of promoting mining development in his country as long as it is done in an environmentally responsible way. During a visit to the southeastern region of Puno that...
Dominicans protest against EnviroGold’s operations
Residents from La Piñita, La Cerca, El Naranjo, and Las Lagunas town of the municipality of Cotuí, located in the central province of Sánchez Ramírez in the Dominican Republic, are rallying against EnviroGold (Las Lagunas). They say the miner’s activities...
American mining company stops delivering clean water to community near polluted mine site
Exclusive information obtained by the Associated Press revealed that Atlantic Richfield, owner of the former Anaconda copper mine in Nevada, was suddenly halting the free home delivery of bottled water it has provided since 2004 to about 100 families from...
Why the lithium bears are wrong
Economics has been called “the dismal science” for its conclusions which often suggest miserable outcomes for humanity. The saying was born in the 19th century by Scottish writer and philosopher Thomas Carlyle, who was referring to economist Thomas Malthus. Malthus...
US coal output just took another hit as demand keeps fading
(Bloomberg) — The economic case for mining coal to generate electricity in the U.S. continues to fade. Arch Coal Inc., the second-largest U.S. producer by tonnage, said Thursday it was cutting production at its biggest mine, citing weak demand from power...
Jewelry companies team up with IBM on blockchain platform
NEW YORK, April 26 (Reuters) – Gold and diamond companies including Berkshire Hathaway Inc’s Richline Group Inc joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said on...
Even Europe’s biggest coal addict now wants to clean up its act
(Bloomberg) — As the breeze comes in from the Baltic Sea in the Polish port of Gdansk, workers are preparing to turn sheets of hard, black steel normally used in ship sections into 500-ton tubes for offshore wind turbines. Forever known...
Gold stocks’ spring rally 3
The gold miners’ stocks have mostly been consolidating low this year, exacerbating bearish sentiment. Even with gold grinding higher in a solid uptrend and nearing a major upside breakout, the gold stocks just can’t get any love. But that may...
Chilean tribunal gives Dominga iron ore-copper project a second chance
Following a conciliation process between Andes Iron and Chile’s Ministry of Environment, Antofagasta’s First Environmental Tribunal decided to reverse a decision that forbade the Dominga copper and iron ore project from going forward. The new development means that the Environmental...