Month: August 2018

Dalradian shareholders back Orion Mine’s $230m takeover bid

Shareholders in dual-listed Canadian miner Dalradian Resources (TSX:DNA) (LON:DALR), which is developing a large untapped gold deposit in a remote part of Northern Ireland, approved Friday the sale of the company to New York-based private equity group Orion Mine Finance....

/ August 31, 2018

Canadian cobalt company says thieves stole 76 tonne hoard

Canadian commodity firm Cobalt 27 in its earnings filing reported theft of 76 tonnes of cobalt from a warehouse in Rotterdam in early July. A total of 112 tonnes of cobalt, mainly used in lithium ion batteries, was taken from...

/ August 31, 2018

China’s Zijin wins race for Serbia’s largest copper mine

Serbia has picked a Zijin Mining, China’s largest gold miner and one of the country’s top copper producers, to take over its debt-hit copper mining and smelting complex RTB Bor, Minister of Mines and Energy Aleksandar Antic said on Friday. The $1.26 billion-deal,...

/ August 31, 2018

Nevada Copper shares jump on construction decision

Shares in Nevada Copper Corp (TSX:NCU) jumped on Thursday after the company’s board gave the go-ahead for the construction of its Pumpkin Hollow underground mine. In more than three times the usual trading volumes, Nevada Copper popped 12% higher at...

/ August 31, 2018

Congo's H1 copper production rises 8%, cobalt output up 38%

DAKAR, Aug 30 (Reuters) – Copper output in Democratic Republic of Congo rose 7.9 percent year-on-year in the first half of 2018 to 597,249 tonnes and cobalt production jumped 37.6 percent to 52,491 tonnes, the central bank said on Thursday....

/ August 31, 2018

Special Report: The platinum opportunity – part 1

This is Part 1 in our series focused on platinum. Part 1 serves as a primer on platinum, and in Part 2 we explore the unique supply-demand fundamentals that support our bullish outlook. Platinum’s Multi-Year Weakness When comparing spot prices...

/ August 31, 2018

Why battery miners are swarming Europe’s biggest rock collection

(Bloomberg) — Being home to Europe’s biggest rock collection has finally come in handy for Sweden amid the global race for the scarce metals that power electric cars. For more than a century, the Nordic nation has accumulated thousands of...

/ August 31, 2018

Canada’s controversial Trans Mountain pipeline quashed by court

Canada’s second-highest court has sided with opponents to a controversial $9.3-billion oil pipeline expansion, ruling that the country’s government had not fulfilled its duty to consult with First Nations on the pipeline from Alberta to British Columbia. The verdict, one...

/ August 31, 2018

Canada’s Orosur to shut Uruguay’s San Gregorio West gold mine

Canadian gold junior Orosur Mining (TSX, AIM:OMI) will close its San Gregorio West mine in Uruguay after lower than expected grades at the underground operation lead the company to post pre-tax loss of $27.18-million in the 2018 financial year. The miner,...

/ August 30, 2018

Australia’s Northern Star to buy gold mine in Alaska for $260 million

Australia’s Northern Star Resources (ASX:NST) is expanding overseas by acquiring Sumitomo Metal Mining Co and Sumitomo Corp’s Pogo underground gold mine in Alaska for $260 million. Pogo, located southeast of Fairbanks city, is currently the eight largest gold mine in the...

/ August 30, 2018

Old coal mines in Glasgow to host geothermal research lab

The Glasgow City Council and the South Lanarkshire Council in Scotland approved the construction of the approximately $11.7-million Glasgow Geothermal Energy Research Field Site, a project proposed by the Natural Environment Research Council and the British Geological Survey. The research...

/ August 30, 2018

Striking workers at Chile's Andina copper mine reject new offer

Aug 29 (Reuters) – Striking workers at state-owned Codelco’s Andina copper mine have rejected their employers’ latest contract offer, the company and union said on Wednesday. The 83 workers of the Plantas de Andina union began a strike on Aug....

/ August 30, 2018