Month: December 2018
Crown Mining preps Moonlight for next copper rally
Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares. The land package is best known for its Superior and Engels deposits, which produced over 161 million lb....
Mercury limits on coal plants no longer 'appropriate,' EPA Says
The Trump administration is proposing that limits on mercury pollution from power plants are too costly to justify and no longer “appropriate and necessary,” a finding that could make it difficult to impose more stringent curbs in the future.Under President...
Board of Brazil's Vale gives CEO Schvartsman another term
RIO DE JANEIRO/SAO PAULO – The board of Brazilian mining company Vale SA has approved an additional two-year term for Chief Executive Fabio Schvartsman, the company said on Friday, as it seeks to extend his successful tenure as head of...
Defiance Silver and ValOro Resources stocks soar on merger
Vancouver-based juniors Defiance Silver Corp. (TSXV: DEF) and ValOro Resources Inc. (TSXV: VRO) stocks soared today, following yesterday’s friendly merger announcement. The merger will be completed effective 11:59 pm on Monday, Dec. 31, 2018 and will create an advanced portfolio...
With turmoil rampant, gold targets $1,300 as gloomy 2019 beckons
Gold is closing out 2018 with a flourish. Prices are poised for the biggest monthly gain in almost two years as concerns about next year’s economic outlook, volatility in global equities and a government shutdown in the U.S. spur demand...
Mining titan and philanthropist Peter Munk’s lifetime of achievement
(This story first appeared in April) It’s an extraordinary story about an extraordinary man who became one of the most legendary entrepreneurs in Canadian history. But at its core it is also a love story. It’s a tale about Peter...
Chile's Collahuasi aims to extend output at copper mine with $3.2B project
SANTIAGO – Chilean miner Collahuasi, owned by Anglo American Plc and Glencore Plc, has applied for an environmental permit to extend the life of its deposit with an estimated $3.2 billion investment, the company said on Thursday. The project at...
Barra looks to China for GM's electric rebirth: Anjani Trivedi
In April 2014, Mary Barra sat on Capitol Hill listening to accounts of families who’d lost a member while driving in a General Motors Co. Chevrolet Cobalt that malfunctioned. Months earlier, she’d been handed the reins of the largest U.S....
Ballots replace bullets as mineral giant Congo holds vote
Coups, rebel conquests, assassin’s bullets — they’ve all ended presidencies in the Democratic Republic of Congo. This weekend, the vast central African nation is banking on a new method: the ballot box. With three main candidates vying to replace Congo’s...
Asia Gold-Safe haven lure fails to lift demand; Indian jewellers stock up
* Higher prices dampen appeal * China premiums ease to $3-$7 an ounce * Spot gold on track for biggest weekly gains in three * Dealers in India offer $2/oz discount MUMBAI/BENGALURU – Physical gold demand lacked vigour in most...
London's streets no longer paved with gold as miners struggle
Reports that AngloGold Ashanti Ltd. is considering a London listing provides some festive cheer to a city that’s lost its way as a home for gold miners. While Toronto, Johannesburg and Sydney have long hosted the biggest producers, London vies...
Russia's Rosatom tells Chile it can help boost lithium output
Russia’s state-owned nuclear power company Rosatom has offered Chile’s government technology it says can boost output of lithium, a key ingredient in electric vehicle batteries, according to lobbyist transparency filings reviewed by Reuters. In separate meetings in late November, lobbyists...