Venezuela is said to default on gold swap with Deutsche Bank

Venezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank AG, prompting the lender to take control of the precious metal which was used as collateral and close out the contract, according to two people...

/ 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

Canada's Monarca to acquire San José project in Mexico

Monarca Minerals (TSXV: MMN) entered into an option agreement to acquire a 100% interest in the 5,580-hectare San José project located in Chihuahua, northern Mexico. To go ahead with the deal, Monarca will pay a total of $150,000 to the...

/ June 5, 2019

Steinmetz's BSGR bankruptcy fends off Vale's $2B award

Billionaire Beny Steinmetz’s mining company sought bankruptcy protection in the U.S., two months after losing a $2 billion arbitration award to Brazilian mining giant Vale SA. The court filing by BSG Resources Ltd. on Monday could stymie Vale’s effort to...

/ June 5, 2019

Codelco leads $11 billion mining capital raising in 2019

Source: GlobalData Mining Intelligence Center A new report by GlobalData shows the value of capital raising deals in the metals and mining sector increased from the final quarter last year to over $11 billion in Q1 2019, despite the number...

/ June 5, 2019

Argentina rejects Barrick's challenge to glacier protection

The verdict is in, and it does not look good for miners in Argentina.   In a unanimous decision on Tuesday, Argentina’s Supreme Court rejected a challenge to an environmental law banning mining in glacial areas that was brought by Barrick Gold. The Canadian miner had attempted to subvert Argentina’s controversial Glacier Protection Law prohibiting mining in glacier and...

/ June 5, 2019

Australia, Malaysia to meet over rare earths on June 20

Australian and Malaysian government officials are due to meet later this month, a state mining spokeswoman confirmed and the plan for Lynas Corp’s controversial rare earths waste storage in the country is likely to be at the top of the...

/ June 5, 2019

Australia's energy, carbon policies remain a deadlocked mess — opinion

There has been no shortage of fighting talk about Australia’s lack of cohesive energy and carbon policies in recent weeks, with the only certainty being the combative rhetoric makes a lasting solution more of a fantasy. Australia is the world’s...

/ June 5, 2019

Australia's Clean Teq to offload half of battery metals project

Australian mine developer Clean Teq said on Tuesday it was looking to sell a stake in its nickel, cobalt and scandium project in central New South Wales, as it seeks a cornerstone partner to help fund development. The company has...

/ June 5, 2019

Sandspring PEA pegs Toroparu production at 4.5moz over 24 years

Sandspring Resources Ltd. (TSX-V:SSP) came out Tuesday with positive results from a preliminary economic assessment (PEA) on the Toroparu gold project in Guyana. Key highlights of the report include: 4.5moz of production, with 3.64 moz produced in doré bars, over...

/ June 5, 2019