By Anwesha Sengupta Eric Sprott and Lonmin PLC jointly announce that after close of trading on the Toronto Stock Exchange on September 28, 2018, Eric Sprott agreed to purchase (through his holding company, 2176423 Ontario Ltd.), by way of a private agreement, 24,042,895 outstanding common shares (representing approximately 6.8% of the outstanding shares) of Wallbridge […]
Eric Sprott Announces Holdings in Wallbridge Mining Read More »
By Cecilia Jamasmie World’s second largest miner Rio Tinto (ASX, LON:RIO) and its joint venture partners, Mitsui & Co and Nippon Steel & Sumitomo Metal, approved Monday a $1.55 billion investment to sustain production capacity at two iron ore projects in Western Australia. Rio said it would invest a total of $820 million across Robe
Rio Tinto, Japanese partners to inject $1.55B into Aussie iron ore projects Read More »
Source: Streetwise Reports 10/01/2018 The company outlined the next steps for its lithium brine operation. Cypress Development Corp. (CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE) filed an NI 43-101 compliant preliminary economic assessment (PEA) for its Nevada-based Clayton Valley lithium project, which CEO Bill Willoughby called “a significant milestone,” in a news release. The project advanced from the initial
Lithium Explorer Files PEA, Launches PFS Work for Nevada Project Read More »
Source: Streetwise Reports 10/01/2018 A Mackie Research Capital note reviewed this E&P firm’s newest high-impact play in Alberta that offers the “potential to hold up to 60 million barrels of original oil in place.” In a Sept. 24 research note, analyst Bill Newman with Mackie Research Capital Corp. reported that Point Loma Resources Ltd. (PLX:TSX)
Source: Maurice Jackson for Streetwise Reports 10/01/2018 With graphite an in-demand metal for lithium-ion batteries and other uses, Dan Weir, executive chairman of DNI Metals, in conversation with Maurice Jackson of Proven and Probable, discusses the supply and demand situation for graphite, his company’s recent settlement with Cougar Metals, and DNI’s production plans. Maurice Jackson:
Moving Ahead with Graphite in Madagascar Read More »
By Scott Tibballs The S&P/TSX Venture Composite Index (INDEXTSI:JX) was up on Friday (September 28) by 7.6 points or 1.09 percent to 706.02. News was mostly political last week, with all eyes in the US turned to Washington, the UN and US President Donald Trump’s latest comments. On the mining front, the precious metals market
5 Top Weekly TSXV Stocks: Gold Juniors Dominate Read More »
By Valentina Ruiz Leotaud A fancy pink diamond weighing 5.03 carats sold this week for more than $2.9 million, setting a new auction world record of $583,551 per carat for a diamond of its kind. The rock was auctioned at a sale organized by Bonhams London Fine Jeweller, which beat Sotheby’s Geneva previous record of
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By Valentina Ruiz Leotaud Peru’s Minister of Energy and Mines, Francisco Ísmodes, said this week that his office expects mining investments to reach $58 billion in coming years. In an interview with the state-run newspaper El Peruano, Ísmodes said that the goal for the next three years is to get at least 36% of that
Peru expects $58 billion in mining investments Read More »
By Valentina Ruiz Leotaud A study conducted by Sonia Bhalotra, Professor of Economics at the University of Essex, shows that when world gold prices go up, fewer girl babies in India survive the first month of life. In a piece published in The Conversation, Bhalotra writes that the relationship between gold prices and girls survival
Baby girl survival rates in India fall when gold prices go up: study Read More »
By Valentina Ruiz Leotaud A report by Fitch Research predicts that metallurgical coal prices will decline from their current high levels over the next 18 months. Thus, the report suggests miners’ focus would probably be on cost controls. According to the market researcher, global costs in the metallurgical coal sector increased by 18% in 2017
Metallurgical coal prices starting to slip: Fitch Read More »
