Industry News

02.19.2018

Acacia, China miners in talks over Tanzania gold deal – sources

China’s Shandong Gold Mining and Zijin Mining Group are in separate talks with Acacia Mining to form a joint venture for the London-listed company’s gold mines in Tanzania, three people […]

02.19.2018

New South African leadership credit positive for gold miners – Moody’s

South Africa’s new leadership headed by newly-elected President Cyril Ramaphosa is a ‘credit positive’ for many of the country’s top gold and platinum miners, said ratings agency, Moody’s Investors Service. […]

02.19.2018

Queries raised over halted Handeni Gold Mine

Queries have been raised over a gold mining project at Magambazi in Handeni district, Tanga region. The mine was to start operations in October last year after the public was […]

02.19.2018

Ramaphosa’s SONA brings new hope to SA mining industry

Chairperson of the Portfolio Committee on Mineral Resources, Sahlulele Luzipo, has welcomed the announcement by President Cyril Ramaphosa during the State of the Nation Address (SONA), where he said that […]

02.19.2018

President Ramaphosa wants a brand new Mining Charter

Following the State of the Nation Address (SONA) on Friday, 16 February 2018, the President Cyril Ramaphosa has been in discussion with the Chamber of Mines to resolve the impasse […]

02.18.2018

Holiday pay changes have Ontario employers scratching their heads

Business owners across the province question the logic of new wage formula

02.18.2018

Once skeptics, angel investors warm to emerging cannabis sector

Ample Organics chief executive officer John Prentice says there is a huge amount of capital entering the marijuana space from a spectrum of investors, including angels

02.17.2018

Exclusive: Acacia, China miners in talks over Tanzania gold deal – sources – by Nicole Mordant and John Tilak (Reuters U.S. – February 16, 2018)

https://www.reuters.com/ VANCOUVER/TORONTO (Reuters) – China’s Shandong Gold Mining Co Ltd and Zijin Mining Group Co Ltd are in separate talks with Acacia Mining Plc to form a joint venture for the London-listed company’s gold mines in Tanzania, three people familiar with the matter told Reuters. Acacia’s majority shareholder, Barrick Gold Corp, is involved in the […]

02.17.2018

No open pit mines for the Ring of Fire: Noront wants to keep a low mine profile in the James Bay region – by Ian Ross – Northern Ontario Busniess – February 16, 2018)

https://www.northernontariobusiness.com/ Noront Resources doesn’t intend to dig open-pit mines in the James Bay lowlands even though the abundance and the proximity of the rich chromite ore bodies to surface might dictate otherwise. “It’s a natural ore body for open-pit mining,” said Noront president-CEO Allan Coutts during the Great Sudbury Chamber of Commerce’s Procurement, Employment and […]

02.17.2018

Morneau analyzing big U.S. tax cuts, rules out ‘impulsive’ Canadian response

The federal Finance Minister says he is considering the issue but signalled that companies should not expect a corporate tax reduction when he delivers his February budget.

02.16.2018

No open pit mines for the Ring of Fire

Noront wants to keep a low mine profile in the James Bay region

02.16.2018

COLUMN-Nickel flies on supply hits; Indonesia could ground it – by Andy Home (Reuters U.S. – February 16, 2018)

https://www.reuters.com/ LONDON, Feb 16 (Reuters) – Nickel has enjoyed a blistering start to 2018. On the London Metal Exchange (LME) three-month nickel has this week punched up through the $14,000 level for the first time since May 2015 to hit a Thursday high of $14,420 per tonne. It has gained 10 percent since the start […]

02.16.2018

Burkina Faso expects record 55 tonnes of gold in 2018 – minister – by Tim Cocks and Ange Aboa (Reuters Africa – February 16, 2018)

https://af.reuters.com/ OUAGADOUGOU (Reuters) – Burkina Faso expects to produce a record 55 tonnes of gold in 2018, a two-thirds increase on five years ago, as new projects in the landlocked West African country come on tap, the mines minister told Reuters in an interview. Speaking in his office in the capital Ouagadougou late on Thursday, […]

02.16.2018

[Ontario] Aboriginal mining strategy getting underway: Waubetek to hire coordinator, launch clearinghouse this spring – by Lindsay Kelly (Northern Ontario Business – February 16, 2018)

https://www.northernontariobusiness.com/ Funding is in place and a coordinator is being hired for the Aboriginal Mining Strategy for North-East Ontario, bringing the launch of the initiative closer to fruition. Announced by the Waubetek Business Development Corp. in 2015, the three-year strategy outlines four strategic areas: developing Aboriginal mining industry knowledge; building mining industry relations; engaging a […]

02.16.2018

Barrick mulls selling copper business as it faces lower production, higher costs – by Niall McGhee (Globe and Mail – February 16, 2018)

https://www.theglobeandmail.com/ Barrick Gold Corp. is contemplating getting out of the copper business. President Kelvin Dushnisky said a sale of the copper assets is a possibility, although the company is not running a sales process at this time. “Would we consider divestment in some point in time? Yes,” Mr. Dushnisky said in an interview with The […]

02.16.2018

U.S. Commerce Wants Aluminum Tariff-Quota on Imports – by Joe Deaux and Andrew Mayeda (Bloomberg News – February 16, 2018)

https://www.bloomberg.com/ Shares in U.S. aluminum and steel companies from Alcoa Corp. to Nucor Corp. surged after the U.S. Commerce Department recommended that President Donald Trump impose a range of restrictions on imports from tariffs to quotas. In a briefing with reporters on Friday over the results of his department’s investigation, Commerce Secretary Wilbur Ross proposed […]

02.16.2018

Pembridge grabs copper-gold-silver mine in Canada’s Yukon – by Cecilia Jamasmie (Mining.com – February 15, 2018)

http://www.mining.com/ Pembridge Resources (LON:PERE) said Thursday it was buying Capstone Mining’s (TSX:CS) Minto copper-gold-silver mine in Canada’s Yukon for $37.5 million in cash plus a 9.9% stake in the company. The miner, which last year moved from the AIM to LSE main board, said the acquisition makes of Pembridge a cash flow generating copper producer. […]

02.16.2018

Harte Gold Triples Mineral Resource at the Sugar Zone Project (February 15, 2018)

HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce an updated Mineral Resource Estimate and significant increase over the NI 43-101 Mineral Resource Estimate contained in the Company’s Preliminary Economic Assessment (“PEA”), dated July 12, 2012. Using a 3.0 g/t Au cut-off, which will […]

02.16.2018

Charging ahead: how Australia is innovating in battery technology – by Jonathan Knott (The Conversation – February 15, 2018)

http://theconversation.com/ Lithium-ion remains the most widespread battery technology in use today, thanks to the fact that products that use it are both portable and rechargeable. It powers everything from your smartphone to the “world’s biggest battery” in South Australia. Demand for batteries is expected to accelerate in coming decades with the increase in deployment of […]

02.16.2018

Federal funding to support Northern forestry business

FPInnovations getting $780,000 to support Northern Ontario small and medium-sized forestry companies