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....
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...
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,...
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...
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....
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...
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...
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...
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,...
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...
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...
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....