Infomine

Early stage copper projects have grades one-third below operating mines

By Michael Allan McCrae The next generation of copper mines will not only have less copper but sharply declining grades, according to a study by Mining Intelligence. Operating mines currently have an average grade of 0.53% while copper projects under development have an average grade of 0.39%. The estimated total resource of copper projects in

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Mongolia listing boosts investors confidence in Erdene Resource

By Cecilia Jamasmie Shares in Canada’s Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia’s ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing on the Mongolian Stock Exchange (MSE). The Halifax, Nova Scotia-based

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Emeralds and rubies producer Fura Gems changes look

By Cecilia Jamasmie Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), is changing its brand identity, including logo, tagline and social media. The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.

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Electric vehicles on the road to triple by 2020 — IEA

By Cecilia Jamasmie The number of electric vehicles (EVs) on roads worldwide is set to more than triple by the end of the decade, growing to 13 million from 3.7 million last year, the International Energy Agency (IEA) said Wednesday. According to Paris-based institution, the total amount of electric cars, including battery-electric, plug-in hybrid electric

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Mountain Province finds 95-carat diamond in Canada’s far north

By Cecilia Jamasmie Mountain Province Diamonds (TSX, NASDAQ: MPVD) said Wednesday it had found a 95-carat gem diamond at its Gahcho Kué mine located in Canada’s Northwest Territories. The white octahedron of “top clarity” is the largest gem quality diamond and fourth largest stone ever recovered from the mine, the company said. Gahcho Kué, Canada’s

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Biggest electric vehicle battery IPO valuation cut in half

By Frik Els Increased demand for battery materials used in electric vehicles and energy storage is what’s supposed to reignite interest in the mining sector now that the China-induced supercycle in commodities demand are levelling off. Prices for lithium and cobalt have soared. Graphite and rare earth prices are making a comeback. Nickel, where EV-related

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Avanco axes Brazil copper mine production over truck drivers strike

By Cecilia Jamasmie Australia’s Avanco Resources (ASX: AVB) said Tuesday it had suspended plant operations and most mining activities at its Antas copper-gold asset in Brazil, as a result of a crippling nine-day strike that has led to major shortages and disruptions in Latin America’s largest nation. The company had warned last week that operations

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