Month: May 2019

Trump campaign official lobbies for Ohio coal, nuclear subsidies

The Ohio House of Representatives on Wednesday approved a measure that would subsidize the state’s struggling coal and nuclear plants after lobbying from a member of President Donald Trump’s re-election campaign. Bob Paduchik, who also led the Ohio Trump campaign...

/ May 31, 2019

ZEN partners with Canadian university to produce low-cost graphene

ZEN Graphene Solutions (TSXV: ZEN) announced that it has signed an initial agreement to in-license certain intellectual properties from a Canadian university that when combined with ZEN’s graphite from the Albany mine, produces low-cost, environmentally-friendly graphene. In a press release,...

/ May 31, 2019

Canada’s Desert Gold renews permit for Malian gold project

Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project, located in southern Mali. In a press release, Desert explained that the permit renewal is for an...

/ May 31, 2019

IMO 2020, EVs, and steel — a perfect storm in the needle coke sector?

The new International Maritime Organization (IMO) 2020 regulations are expected to have some tangible effect on the steel industry. Primarily, increasing freight rates for raw materials such as iron ore and coal as ship owners and operators pass on higher bunker costs....

/ May 31, 2019

AngloGold maintains 100% earn-in option on Silicon project in Nevada

AngloGold Ashanti (JSE:ANG) (NYSE:AU) paid Renaissance Gold (TSX.V:REN) $300,000 to maintain its 100% earn-in option on the Silicon project in Nevada. AngloGold already kicked off a planned 17,000-metre, Phase 2 drill program on the property with one RC and one...

/ May 31, 2019

Canadian resource companies investing abroad at record levels

Canadian resource companies are choosing to invest abroad at record levels, amid waning global interest in the nation’s energy and mining assets. Statistics Canada reported Thursday that Canadian-based energy and mining companies invested a net C$15.5 billion ($11.5 billion) outside...

/ May 31, 2019

China willing to meet reasonable rare earth demand from other countries

China is willing to meet reasonable demand for rare earths from other countries, but it would be unacceptable that countries using Chinese rare earths to manufacture products would turn around and suppress China, its commerce ministry said. That would be...

/ May 31, 2019

De Beers’ Victor mine ends production

Production has officially ceased at the first and only diamond mine in the Canadian province of Ontario– the Victor mine owned by De Beers Canada. The news comes 10 years and 10 months after the mine was officially opened in...

/ May 31, 2019

We all need to calm down about rare earths — opinion

Once every decade or so, the world goes through a collective freak-out about rare earths. The suite of 17 elements strung toward the bottom of the periodic table are notable in that they’re essential in several high-technology applications such as...

/ May 31, 2019

Copper market faces larger shortages, supply issues simmer

Copper’s price slide due to the escalating U.S.-China trade dispute suggests a deteriorating fundamental picture, but bubbling away in the background are supply side problems that are likely to lead to a tighter market. Copper is used in the power...

/ May 31, 2019

Mapped: Who owns the world’s gold reserves

Central banks around the globe have been on a gold buying spree this year, with Russia and China leading the pack. In the first three months of 2019, gold purchases by the country’s top banks hit the highest level in...

/ May 31, 2019

SolGold’s shares crater on possible mining referendum in Ecuador

Shares in Ecuador-focused SolGold  (LON, TSX:SOLG) took a hit on Thursday, following media reports of a potential referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located. The company’s stock dropped more than 28% in London...

/ May 31, 2019