News

Zonte Metals acquires iron oxide copper gold project

By analyst By Valentina Ruiz Leotaud Halifax-based Zonte Metals (TSX-V: ZON) announced today it has signed an option agreement to acquire 100% of the Cross Hills iron oxide copper-gold project, on the island portion of Newfoundland and Labrador in Canada’s Atlantic region. The property is comprised of 327 claims covering 8,175 hectares including 90 claims

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Glencore, Canadian teachers close to launch mining royalty firm

By analyst By Cecilia Jamasmie Swiss miner and commodities trader Glencore (LON:GLEN) is said to be about to close a $700 million deal with a Canadian pension fund to create a new base-metals royalty firm, the latest sign of the firm’s move from cost-cutting to pursuing growth. Glencore, which owns and operates nickel, zinc, copper

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Iron miners: capex will not see strong comeback, says new research

By analyst By Valentina Ruiz Leotaud In a new report published today, BMI Research says the firm’s analysts maintain their iron ore price forecast at $70/tonne for 2017 and $50/tonne for next year. “With the conclusion of the 19th National Party Congress and the consolidation of power around President Xi, the refocusing of Chinese economic

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