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