Category: Other News

Miner plans on flying Mexico gold to Canada to duck US tariffs

If push comes to shove, one of the world’s largest gold miners is prepared to do an end run around the U.S. should President Donald Trump’s threatened tariffs on Mexican goods bite. Agnico Eagle Mines Ltd. currently produces about 300,000...

/ June 7, 2019

Lynas touts its independence from China in push for rare earths growth

With China threatening to curb exports of rare earth minerals, Lynas Corp is making an aggressive push for fresh business across the globe and billing itself as the best option for its customers to tap diversified supplies of the specialized...

/ June 7, 2019

Top uranium producer is gloomy about nuclear power, for now

Don’t expect an upswing in the global uranium market anytime soon. “In our models, we don’t get excited on the demand side,” said Galymzhan Pirmatov, chief executive officer of Kazatomprom, Kazakhstan’s state-owned mining company that’s the world’s biggest supplier. Kazakhstan...

/ June 7, 2019

Dalian iron ore falls on supply growth expectation

China’s iron ore dipped on Thursday and marked its weakest weekly performance in nearly two months, as market expects the supply crunch of the steelmaking raw material to be eased amid increasing shipments from top miners. The most-traded iron ore...

/ June 6, 2019

Diamond markets under pressure – Rapaport

Rapaport published a report stating that diamond markets are under pressure as profit margins have tightened and the trade war with China has fueled uncertainty. The international firm revealed that the RapNet Diamond Index, known as RAPI, for 1-carat diamonds...

/ June 6, 2019

Estimated 5 million tonnes of lithium deposits found in southwest China

An estimated 5 million tonnes of lithium deposits have been found in China’s southwestern province of Yunnan, scientists said, potentially curbing the nation’s reliance on imports of the material, used in electric vehicle batteries. The Institute of Geochemistry, under the Chinese Academy...

/ June 6, 2019

Mining community raises $2m for BC Children's Hospital

Mining for Miracles, the BC mining community’s long-standing fundraising campaign for BC Children’s Hospital, presented a cheque for $2 million at BC Children’s Hospital Foundation’s Miracle Weekend on June 2, 2019. In 2019, representatives from across the industry participated in...

/ June 6, 2019

Sibanye-Stillwater reduces job cut plan in gold shake-up

Sibanye-Stillwater said on Wednesday about 3,450 jobs would be lost in the proposed restructuring of the South African company’s gold mining operations, following financial losses at some of its mines since 2017. The number of job losses is lower than...

/ June 6, 2019

Golden Share allowed to drill in the Marten Falls First Nation territory

The Ministry of Energy, Northern Development and Mines issued 10 exploration permits to Golden Share Resources (TSXV: GSH) for drilling targets within the Ogoki project and the Kagiami project, located in the Wabassi and Albany River area of the James...

/ June 5, 2019

New Orica Digital Fragmentation Measurement Technology The Key To Unlocking Downstream Benefits

Melbourne, Australia: Orica (ASX: ORI), the world’s largest manufacturer of commercial explosives and innovative blasting systems, today announced the release of its new automated rock sizing measurement technology, FRAGTrack™. The automated fragmentation measurement device, delivered as part of Orica’s BlastIQ™...

/ June 5, 2019

Geomega aims to be first Canadian rare earth recycler

Geomega Resources is improving its proprietary ISR technology as it moves closer to being Canada’s first rare earth elements recycler and the only one outside China. The company operates a pilot plant and has made several optimizations recently. The plant...

/ June 5, 2019

US report urges steps to reduce reliance on foreign critical minerals

The U.S. Commerce Department on Tuesday recommended urgent steps to boost domestic production of critical minerals, warning that a halt in Chinese or Russian exports could cause “significant shocks” throughout the U.S. and foreign supply chains. The report includes 61...

/ June 5, 2019