Month: November 2018

Canada’s Nova Scotia miners call for better control of radon exposure

The body representing the mining industry in Canada’s Nova Scotia is calling governments and companies to do a “better job” in managing projects development, so exposure to radon and uranium can be reduced. Radon is a naturally-occurring gas produced by...

/ November 30, 2018

Kirkland Lake Gold's Aussie operation breaks production record

Kirkland Lake Gold (TSX, NYSE:KL; ASX:KLA) announced that its Fosterville Mine is expected to break its own record quarterly production in the fourth quarter of 2018. Full-year production is now forecasted at 330,000 ounces whereas previously reported guidance was established...

/ November 30, 2018

Aurania discovers high-grade silver-zinc-lead at Ecuador gold project

Aurania Resources’ (TSXV: ARU) exploration team announced the discovery of silver-lead-zinc mineralization in grab samples that run as high as 325 g/t silver, 48% zinc, and 39% lead in its Lost Cities – Cutucu project in Ecuador. In a media...

/ November 30, 2018

Moody’s sees weak lithium prices in 2020 due to projects frenzy

Spot prices for lithium could be pushed down in the early 2020s despite increasing demand from electric vehicle (EV) batteries makers, a new report from Moody’s Investor Services warns. The analysts came to this conclusion after carrying out a mine-by-mine...

/ November 30, 2018

Gold investors target executives with less skin in the game

A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don’t have enough skin in the game. Businesses tend to perform better when top managers have a high...

/ November 30, 2018

Dunnedin acquires MPD porphyry project

BRITISH COLUMBIA – Dunnedin Ventures of Vancouver is spreading its wings. Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite. Now the company announced that it has acquired a 100% interest in a copper-gold porphyry property...

/ November 30, 2018

Congo plans to audit Glencore unit's cobalt over uranium levels

KINSHASA, Nov 29 (Reuters) – The authorities in Democratic Republic of Congo will audit the supply chain for Glencore’s Kamoto project next week to determine where small amounts of uranium detected in its cobalt come from, the mines minister said...

/ November 30, 2018

SSR Mining stakes C$31 million in Silvercrest

Vancouver-based SilverCrest Metals (TSXV: SIL) today announced that SSR Mining has agreed to purchase 8,220,645 common shares of the Company at a price of $3.73 per share for a total investment of $30.6 million in a non-brokered private placement financing. SSR will...

/ November 30, 2018

BMW joins project to improve conditions for cobalt mining in Congo

FRANKFURT, Nov 29 (Reuters) – German carmaker BMW is exploring ways to improve working conditions for mining cobalt in Congo through a pilot project also supported by chemicals giant BASF, battery maker Samsung SDI and a development agency. Carmakers seeking...

/ November 30, 2018

Goldcorp pours first doré from Pyrite Leach at Penasquito

Vancouver-based Goldcorp has poured the first gold at its Penasquito’s Pyrite Leach project (PLP) in Zacatecas. Commissioning of the plant began in Q3 2018, and it is now treating existing tailings around the clock. “PLP was a major investment decision for Goldcorp...

/ November 30, 2018

Lonmin turns first profit in four years ahead of Sibanye takeover

Nov 29 (Reuters) – Lonmin Plc, which is being bought by Sibanye-Stillwater, reported its first annual operating profit in four years as cost cuts by the platinum miner paid off. Lonmin also said on Thursday it expects Sibanye’s deal to...

/ November 30, 2018

Congo state miner blames foreign investors for underdevelopment

Democratic Republic of Congo’s state mining company blamed international investors and anti-corruption activists for the country’s lack of progress despite its vast mineral wealth. Non-governmental organizations including the Atlanta-based Carter Center and London-based Global Witness have accused Gecamines of failing...

/ November 30, 2018