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...
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,...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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...