Solgold stock sinks again on mooted Ecuador mining referendum

Solgold’s (LON, TSX: SOLG) stock took another hit on Thursday, the day after submissions for a public hearing were heard in Ecuadorean Constitutional Court regarding the proposed referendum on mining in the provinces where the Australian miner’s 85% owned Cascabel project and other wholly owned exploration projects...

/ June 7, 2019

Venezuelan ministers say Pemón tribe supports Mining Arc, NGOs disagree

The Venezuelan Ministers of Mining Ecological Development, Víctor Cano, and Indigenous Peoples Aloha Núñez met with 15 captains from the Pemón tribe and, according to state media, reiterated that it is illegal to carry out mining activities in National Parks....

/ June 7, 2019

Codelco sweetens offer to avoid strike at Chuquicamata mine

Unions at Chile’s Chuquicamata copper mine expressed disappointment in state-run miner Codelco’s latest contract offer on Thursday but agreed to extend negotiations in hopes of averting a strike. Codelco, the world’s largest copper producer, started government-mediated talks with unions 1,...

/ June 7, 2019

Britain went coal-free for 18 days

Great Britain went 432 hours in May without using coal for electricity generation, a tweet by the National Grid ESO (NGESO) reports. The streak ended after 18 days and 60 hours due to plant availability and system requirements, the country’s...

/ June 7, 2019

RNC Minerals shares soar on another gold discovery at Beta Hunt

Shares of RNC Minerals (TSX: RNX) soared by over 22% on Thursday — taking the stock to over C$0.50 for the first time in two months — after another high-grade gold discovery yesterday at its Beta Hunt mine in Western Australia. This...

/ June 7, 2019

A new theme has emerged in the gold M&A market — report

Momentum is building for M&A across the gold industry driven by the market, balance sheets, and shareholders, a new report, An Activist Gold Rush? by Kingsdale Advisors released Thursday finds.  Behemoths Barrick (NYSE: GOLD, TSX: ABX) and Newmont (NYSE: NEM, TSX: NGT) have grabbed...

/ June 7, 2019

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

Papua New Guinea PM says resources reforms will take years

New Papua New Guinea Prime Minister James Marape doubled down on his plans to earn more taxes from the gas-and-gold-rich country’s natural resources sector on Wednesday, but said major reform would not take effect for years. That will come as...

/ June 6, 2019