Junior Mining News

Reduced head count, capex spending biggest contributor to mine efficiency mid-decade: McKinsey

By Michael Allan McCrae McKinsey tracked 2.8 per cent per annum increase in productivity between 2014 and 2016 mostly due to mines reducing headcounts and limiting spending, says the consultancy in a study published last month. Data is still pending, but McKinsey believes the productivity trend is continuing. McKinsey measures mine productivity using its MineLens […]

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Craig Hemke from TF Metals Report – Fri 13 Jul, 2018

By Cory댊 The Last Fed Meeting Didn’t Bounce Gold – What’s The Deal? Craig Hemke, from TF Metals Report addresses the fact that after the last Fed rate hike the metals have been unable to bounce. The overall commodity complex is down but that can present opportunities for investors. Download audio file (2018_07_13-Craig-Hemke.mp3) Click here

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Antofagasta sells electricity transmission business for $117m

By Cecilia Jamasmie Chile-focused copper miner Antofagasta Plc (LON:ANTO) said Friday it had sold its electricity transmission business Centinela Transmisión for $117 million. Proceeds from the sale would enable Antofagasta to focus on its core activity of producing copper. The company said the sale of the unit that holds its electricity transmission lines was consistent

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Firesteel Resources Inc. Files Economically Robust PEA for Laiva Gold Mine in Finland

By Hamza Ghaznavi Firesteel Resources (TSXV:FTR)(“Firesteel”, “Company”) today announced it has filed an economically robust Preliminary Economic Assessment (“PEA”) for the Company’s 100% owned Laiva Gold Mine (“Laiva”), near Raahe in Finland. Laiva is a past producing gold mine that has been on care and maintenance since 2014 and is now 100% owned by Firesteel.

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Algold Announces US$9.2M Funding Arrangements

By Hamza Ghaznavi Mauritania-Based Wafa Reaffirms Confidence with Additional US$4.2M Investment in Tijirit Project All amounts are in US$ unless otherwise indicated. Algold Resources Ltd. (TSXV:ALG) announced today that it has entered into low-dilution funding agreements totalling $9.2M (C$12M). Algold and one of its major shareholders, Wafa Mining & Petroleum SA (“Wafa”), a subsidiary of

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Rio Tinto’s ‘world’s largest robot’ delivers first iron ore load

By Cecilia Jamasmie Rio Tinto’s fully autonomous train, said to be the world’s largest robot, has completed its first delivery of iron ore between the company’s Mount Tom Price mine and the port of Cape Lambert. The “significant milestone” in Rio’s $940 million Autohaul project was reached on Tuesday when the train consisting of three

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