Month: May 2019

North American Palladium discovers new zone at Lac des Iles

Toronto-based North American Palladium (TSE: PDL) says underground exploration at its Lac des Iles mine 90 kms north of Thunder Bay has discovered a new zone – C zone. Drill results suggest that it is a large area of palladium...

/ May 30, 2019

Rare earth stocks come out winners in China-US trade war

With all the turmoil surrounding the ongoing China-US trade war, companies mining for rare earth elements have come out as “unexpected” winners thanks to market-wide speculation that China may choke off supply of certain critical minerals to the US. Currently the...

/ May 30, 2019

Vedanta's KCM unit said to attract Kazakh, Chinese interest

Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it from Vedanta Resources Ltd., people familiar with the situation said. Eurasian Resources, owned by three Kazakh billionaires,...

/ May 30, 2019

Namibia says China can buy Rio's uranium stake if it respects laws

Namibia’s mines and energy minister said he has no objection to Rio Tinto’s sale of its uranium mine stake to China provided it respects the African nation’s laws. Rio, which is seeking to divest less profitable assets, said last November...

/ May 30, 2019

Zambia turns up the nationalist heat on its copper miners — opinion

Relations between the Zambian government and its copper mining sector have just taken a turn for the worse. “If it is the will of the Zambian people that we divorce with these mines, then we will do so.” President Edgar...

/ May 30, 2019

CanAlaska to start drilling at West McArthur uranium project

CanAlaska Uranium (TSXV: CVV) announced that it will soon begin a drill program at its 70%-owned West McArthur uranium project. In a press release, the miner said that the program is intended to locate high-grade uranium hosted in faults along...

/ May 29, 2019

Golden Share acquires Basking project in Ontario

Golden Share Resources (TSXV: GSH) announced that it acquired the Basking project in Ontario, Canada. In a press release, the miner indicated that Basking, which is made up of four small non-contiguous claim blocks totaling 34 single cell mining claims,...

/ May 29, 2019

Osisko makes new gold discovery at Windfall Lake

Osisko Mining Inc. (OSK:TSX) has announced the discovery of a new gold-bearing zone at its Windfall Lake project located in the Abitibi greenstone belt of James Bay, Québec. The new zone is about 350 metres north of the main zone....

/ May 29, 2019

Potash producer Nutrien eyes expansion as BHP ponders entry

Canada’s Nutrien Ltd, the world’s biggest producer of potash fertilizer, said on Tuesday that it was evaluating whether to expand its annual production capacity by 5 million tonnes after 2023, around the time that metals miner BHP is considering a...

/ May 29, 2019

Alamos receives permit for expansion of Island Gold mine

Toronto-based Alamos Gold has received the amended permit for expansion of the Island Gold mine to 1,200 t/d from the provincial Ministry of the Environment, Conservation and Parks. The mine is located about 83 km northeast of Wawa, Ontario, Canada....

/ May 29, 2019

Mexico's Zacatecas state offers to mediate Newmont Goldcorp mine dispute

Authorities from Mexico’s Zacatecas state hope to mediate an agreement to end a two-month blockade at the Penasquito gold mine between mining firm Newmont Goldcorp Corp and villagers in San Juan de Cedros. The dispute at Penasquito, Mexico’s largest gold...

/ May 29, 2019

Bonterra releases resource estimates for Urban Barry camp

Bonterra Resources, based in Val d’Or, Quebec, has released a new resource estimate for its three projects – Gladiator, Barry and Moroy – in the Urban Barry camp about 200 km northeast of Val d’Or. For all the deposits, the...

/ May 29, 2019