Month: January 2019

Eldorado scraps mill at Turkish mine, to resume mining and heap leaching

Shares in Canada’s Eldorado Gold (TSX:ELD)(NYSE:EGO) jumped 12.6% in pre-market trading in New York on Thursday on the news that it will resume mining and heap leaching at its Kışladağ gold mine in Turkey. The Vancouver-based miner noted it would halt a previously...

/ January 31, 2019

SolGold wants Ecuadorian project for itself, plans buying minority shareholder

Ecuador-focused explorer SolGold (LON, TSX:SOLG) revealed Thursday plans to acquire Cornerstone Capital Resources (TSX-V:CGP), a Canadian firm which has a 15% interest in the miner’s coveted Cascabel copper-gold project, located 180 km north of the capital Quito. The takeover would...

/ January 31, 2019

Initial drilling at Gran Bestia boosts Lumina Gold’s Cangrejos project

Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) has announced additional drill results from the Cangrejos project in Ecuador, as well as initial drilling of the Gran Bestia exploration target to the northwest of the resource.  “The addition of Gran Bestia...

/ January 31, 2019

ArcelorMittal's bid to buy stake in Bosnian iron ore mine rejected

ArcelorMittal’s application to bid for the Bosnian government’s stake in the Ljubija iron ore mine has been rejected over procedural issues, prompting the world’s largest steelmaker to warn of risks to the future of mining in the area. ArcelorMittal owns...

/ January 31, 2019

US govt study sees electric car sales stuck in slow lane

Increased demand for battery materials used in electric vehicles has reignited interest in the mining sector now that the China-induced supercycle in commodities demand is levelling off. But if you rely on forecasts of EV take-up from the US Energy...

/ January 31, 2019

RMA cementing alliances in northwestern BC

A partnership of First Nations, exploration companies and provincial government representatives is working well, as the three groups collaborate to progress mineral exploration and mining in northwest British Columbia. That was the message behind a panel discussion Tuesday at Roundup...

/ January 31, 2019

Oil town fights man camps in effort to boost local population

Fort McMurray, the remote Canadian town largely built by the oil-sands industry, is trying to limit the ability of those companies to fly in out-of-town workers. The town that sits in the middle of the world’s third-largest crude reserves is...

/ January 31, 2019

Ivanhoe drills Kamoa-Kakula’s best intersection to date

Ivanhoe Mines  has drilled what it’s calling an “unprecedented” intersection in a shallow, flat lying deposit at the Kamoa North exploration area on its 397 sq. km Kamoa-Kakula mining license. The company cut 13.05% copper over 22.25 metres from 219...

/ January 31, 2019

In Maduro's Venezuela, even counting gold bars is a challenge

Venezuela is home to rich gold deposits and holds billions of dollars of foreign reserves in gold bars in the central bank’s vaults. The question is, how much is there? The answer has taken on added significance as beleaguered President...

/ January 31, 2019

Osisko Metals releases more high-grade drill results from Pine Point

Osisko Metals (TSXV: OM) has released new drill results from its high-grade, large tonnage and near-surface Pine Point zinc-lead deposit on the south shore of Great Slave Lake in the Northwest Territories. Pine Point contains 38.4 million inferred tonnes grading...

/ January 31, 2019

South African miners want restructuring of power firm Eskom

* Power firm Eskom facing financial crisis * Government debating whether to split firm * Miners say Eskom’s tariffs erode competitiveness South African miners support a restructuring of struggling state power firm Eskom to boost competition in the electricity supply...

/ January 31, 2019

Silver use beyond jewelry means bulls see more than haven

Think of it as a potential silver lining for investors. A deepening shortage is promising to help boost prices as haven demand for the precious white metal rebounds in 2019. Silver surged 9.1 percent in December, its biggest monthly gain...

/ January 31, 2019