Junior Mining News

First new all-electric mine dumps diesel; cuts costs, pollution

Mining.com /

By Reuters CHAPLEAU, Ontario/LONDON, June 21 (Reuters) – Hundreds of feet below thick boreal forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in a multimillion-dollar mining experiment to ditch diesel. Goldcorp Inc is building the world’s first new all-electric mine, a high-stakes gambit to replace noisy, fume-belching equipment […]

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Daily markets morning round-up: E-mini S&P, gold, crude & Treasuries

Resource Investor /

After slipping from headlines for 24 hours, the United States and China trade tensions are stealing the show once again. Benchmarks around the globe are taking note and Europe is adding to pressures with Italian debt climbing on political concerns. The all-awaited June OPEC Meeting is underway. Saudi Arabia has defended the proposition to raise

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BOE recap: Beaten-down GBP/USD grows hawkish wings

Resource Investor /

As is often the case with central bank meetings in the era of communication-as-a-policy-tool, the Bank of England’s “decision” (read: no change) on interest rates was already telegraphed well in advance. But for the always forward-looking markets, there was still plenty to digest from this morning’s BOE statement. …read more From:: Resource Investor

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Miner Petropavlovsk’s biggest shareholder outlines his case for change

Mining.com /

By Reuters LONDON, June 21 (Reuters) – Russian miner Petropavlovsk’s largest shareholder, who is calling for an overhaul of the board, has written to fellow shareholders, setting out plans to sell the company’s stake in an iron ore unit and to draw up deal targets in the gold sector. The company holds its annual general

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Sumitomo Buys 5-percent Stake in Yanacocha Gold Mine for U$48 Million

Investing News Network /

By Nicole Rashotte Japan’s Sumitomo (TYO:8053) has purchased a 5-percent stake in the Yanacocha gold mine in Peru for US$48 million in order to boost its metals portfolio, the company announced on Thursday (June 21). Yanacocha has been in production since 1993 and was once Peru’s largest gold mine. In recent years, production has declined

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