Infomine

By Valentina Ruiz Leotaud Fitch Solutions Macro Research just published an update to a previous study looking at the global bauxite market. In the most recent version of the document, the firm states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s […]

By Valentina Ruiz Leotaud Exactly six months after hinting at the possibility of opening shop in Chile, Vancouver-based MGX Minerals (CSE: XMG) announced that by making option payments of $1.5 million, it is acquiring 50 per cent of the issued shares of Chilean Lithium Salars. CLS is a wholly-owned subsidiary of Australia’s Chilean Lithium Salars

By Michael Allan McCrae Perth-based junior, Sunstone Metals, is selling its Viscaria Copper Project to Copperstone Resources AB, a copper focused exploration company based in Sweden, for US$30.3 million. The project will be run as partnership between the two companies and will be named the Viscaria Copper Project. The two companies have just signed a

By Michael Allan McCrae Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapacá Region in northern Chile. Yesterday, Teck said that the regional Environmental Committee of Tarapacá voted to approve the project’s Environmental Impact Assessment. The mine is expected to generate 300,000 tonnes of copper equivalent production per year

By Valentina Ruiz Leotaud President Tabaré Vázquez confirmed today on national radio that Aratirí, a subsidiary of Zamin Ferrous, formalized a $3.5 billion lawsuit against Uruguay alleging that the passing of a new mining law turned out to be a major change in the game rules. Vázquez explained that even though the firm of Indian

By Valentina Ruiz Leotaud A representative of Canadian gold giant Barrick Gold (TSX, NYSE:ABX) told the Globe & Mail today that the company’s Saudi operations are not affected by the current diplomatic dispute between Ottawa and Riyadh. In an email to the newspaper, spokesman Andy Lloyd said that Barrick has a strong relationship with Ma’aden

By Michael Allan McCrae Pandora cut expected revenue in 2018 from 7 to 10 per cent to 4 to 7 percent. The stock plummeted 22% to DKK452 (US$70.30). Pandora (PNDORA.CO), which is headquartered in Denmark and employs 23,500 people worldwide, gave no reason for the change. The EBITDA margin was also cut from 35 per

By Michael Allan McCrae Due to reduced precipitation and a minimal snow melt, Centerra Gold’s Mount Milligan may have to reduce production. Centerra Gold (TSX:CG), which warned investors about water constraints in its second quarter news release, has applied to British Columbia regulators to access additional water sources through July 2020. “If regulatory approvals to

By Valentina Ruiz Leotaud A new report by BMI Research states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong due to the economic aspect of the fossil fuel and therefore producers will see improving financials over the coming years. According to BMI, major coal miners have already

By Valentina Ruiz Leotaud The International Energy Agency released a report today where it states that having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business. According to the IEA, the cobalt demand for EVs is expected to be over 25