Month: December 2018

New Mountain Province CEO has deep diamond roots

With more than 25 years’ experience in the diamond industry — including 19 with De Beers – Stuart Brown was looking for a new opportunity. He found it as the president and CEO of Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD). “I was quite...

/ December 27, 2018

Gold set for best month in two years as angst fuels haven demand

By Susanne Barton Gold is soaring, set for the biggest monthly gain in almost two years after the partial U.S. government shutdown and concerns about the 2019 economic outlook stoked demand for the metal as a haven. Gold futures touched...

/ December 27, 2018

Bolivia: Where revolutionaries and lithium miners go to die

Other than being the country where Cuban revolutionary Che Guevara was killed, most North Americans know little about Bolivia. The landlocked country is surrounded by Peru, Brazil, Paraguay, Argentina and Chile. Today, it is South America’s poorest nation. But in...

/ December 27, 2018

Global chaos makes gold a holiday winner as funds pile in

Image by Adam Fagen By Joe Deaux Forget frankincense or myrrh — chaos in global markets makes gold the holiday asset hedge funds are getting behind. Money managers are the most bullish they’ve been on bullion in half a year...

/ December 25, 2018

Mining M&A jumps to five-year high

Globally, there were 1,349 announced mining deals valued at $86.3 billion through December 18 this year, up 60% from the 2017 total, according to data compiled by Bloomberg. During the heady days of the China-induced supercycle in metals demand, mergers...

/ December 25, 2018

How to profit from low-grade gold mines

If a gold mine was a hockey team, the forwards would be production, piling up ounces like goals on a scoreboard. The costs per ounce are like defencemen: solid, predictable, hardworking but rarely getting the glory. While production numbers usually...

/ December 25, 2018

Mining innovation helps lead B.C.’s economy into high-tech future

B.C.’s mining industry is an essential part of the economic and social foundation of the province. A vibrant, competitive, growing industry provides benefits to British Columbians in all corners of the province. However, the rapid pace of change seen both...

/ December 25, 2018

China's Minmetals to buy 2.04m tonnes iron ore from Rio Tinto in 2019

BEIJING – China Minmetals Corp will buy 2.04 million tonnes of iron ore from Australian miner Rio Tinto Ltd in 2019, the company said in a filing to the Shanghai Stock Exchange on Monday. Minmetals will purchase Pilbara Blend lump...

/ December 25, 2018

Rio Tinto plans to list Canadian iron ore unit in early 2019

By John Tilak, Joshua Franklin and Barbara Lewis Dec 24 (Reuters) – Anglo-Australian miner Rio Tinto is preparing to take its Iron Ore Company of Canada business public in the first half of 2019 by dual-listing it in New York...

/ December 25, 2018

Progress reported with graphite, vanadium projects on two continents

Dan Weir, executive chairman of DNI Metals, speaks with Maurice Jackson of Proven and Probable about the progress his company has made with its graphite project in Madagascar, as well as developments with its Alberta project. Maurice Jackson: Joining us...

/ December 24, 2018

Strong Chilean copper project pipeline expected to come online — report

In early December, Teck Resources announced it had sold a 30% indirect interest stake in Compania Minera Teck Quebrada Blanca S.A., owner of QB2, to the Sumitomo Corporation and Sumitomo Metal Mining Co. for 1.2B. “QB2 is one of the...

/ December 24, 2018

Worst Czech coal mine blast in decades kills 12 Poles, one Czech

A methane explosion killed 12 Poles and one Czech at an eastern Czech coal mine, the OKD mining company said on Friday, in the worst disaster of this kind in almost three decades. The state-run firm said that a methane...

/ December 22, 2018