Mining Industry News
Posted June 27th 2016 at 9:00 am“There’s been a sea change in the attitude about cyclists and frankly the value that the cycling community and the cycling consumer is bringing to the marketplace.”
Posted June 26th 2016 at 12:00 amKaryn Climans always insisted her two boys wear helmets while skiing and biking. “And of course, I modelled the behaviour by wearing one myself,” she says. “But I didn’t grow up wearing a helmet – no one in my generation did.”
‘Staggering’ uncertainty driving gold – World Gold Council – by Martin Creamer (MiningWeekly.com – June 24, 2016)
Posted June 24th 2016 at 11:07 pmhttp://www.miningweekly.com/page/americas-home JOHANNESBURG (miningweekly.com) – With Britain voting to exit the European Union (EU), the World Gold Council expects to see strong and sustained inflows into the gold market driven by the “staggering” level of protracted uncertainty that investors now face. The council said on Friday that gold’s surge to $1 313.85/oz was providing investors with […]
Potash Corp. shares surge on possibility of market thaw – by Ian McGugan (Globe and Mail – June 24, 2016)
Posted June 24th 2016 at 11:06 pmhttp://www.theglobeandmail.com/ Shares of Potash Corp. of Saskatchewan Inc. are surging on speculation the company’s rivals in Belarus and Russia may once again team up – a development that could potentially mark an end to potash’s long swoon. Prices for the crop nutrient have plunged since the heady days of 2010, when BHP Billiton Ltd., the […]
Posted June 24th 2016 at 11:05 pmhttp://www.pbs.org/ The Bomb is a 2015 American documentary film about the history of nuclear weapons, from theoretical scientific considerations at the very beginning, to their first use on August 6, 1945, to their global political implications in the present-day.  The two-hour PBS film was written and directed by Rushmore DeNooyer, who noted the […]
Posted June 24th 2016 at 11:04 pmGold surged the most since the height of the 2008 global financial crisis after the UK voted to exit the European Union, causing turmoil across markets and boosting haven demand. Bullion jumped as much as 8.1% and futures trading volume was double the average for this time of day. As the pound tumbled against the dollar, gold priced in sterling rose 14% after rallying as much as 19%. Mining companies such as Barrick Gold and Newmont Mining advanced.
Posted June 24th 2016 at 11:00 pmPanama and Colombia-focused explorer Bellhaven Copper & Gold’s shares listed on the TSX-V jumped 20% on Friday after the company announced that its nonbrokered private placement offering of C$500 000, which was later increased to $620 000, owing to better-than-expected investor demand, had closed. As a result, the company said that it had issued 3.1-million units at a price of C$0.20 each.
Posted June 24th 2016 at 10:30 pmTSX-V-listed junior Royalty North Partners' stocks surged on Friday after the company late Thursday announced the appointment of royalty streaming firm Sandstorm Gold president and CEO Nolan Watson as chairperson of the board. The stock rose by 50% on Friday as Watson, who had helped to develop the royalty financing business model for over a decade, was added to the board. He had been credited with raising more than $1.5-billion in capital to deploy into many royalty transactions, the company advised.
Posted June 24th 2016 at 8:18 pmPeru's outgoing Finance Minister Alonso Segura said on Friday that he was monitoring local markets after Britain's vote to leave the European Union, but he said economic impacts would likely be indirect and felt in the medium-term. "It's unfortunate," Segura told Reuters in an emailed statement. "What's needed is a world that's more integrated, not one that fractures. It's worrisome that these separatist initiatives are happening in other parts of the world."
Posted June 24th 2016 at 7:08 pmTHE QUESTION
Gold Rises Most Since 2008 Crisis as Investors Seek Brexit Haven – by Jasmine Ng, Eddie Van Der Walt and Ranjeetha Pakiam (Bloomberg News – June 24, 2016)
Posted June 24th 2016 at 5:45 pmhttp://www.bloomberg.com/ Gold surged the most since the height of the 2008 global financial crisis after the U.K. voted to exit the European Union, causing turmoil across markets and boosting haven demand. Bullion jumped as much as 8.1 percent and futures trading volume was three times the average for this time of day. As the pound […]
CEMI releases results of $6.7M deep underground mining research – by Marina von Stackelberg (CBC News Sudbury – June 24, 2016)
Posted June 24th 2016 at 5:43 pmhttp://www.cbc.ca/news/canada/sudbury/ New tools and guidelines could prevent rock walls from collapsing New research spearheaded in Sudbury could prevent injuries, deaths, and mine shut-downs by helping mining companies predict and prevent rock walls from collapsing kilometres below the earth’s surface. “There was a need by the deep mining industry to better understand how the rock in […]
FARC ceasefire makes Colombia’s resources attractive for Canadian firms, but challenges remain – by Peter Koven (Financial Post – June 24, 2016)
Posted June 24th 2016 at 3:02 pmhttp://business.financialpost.com/ The Colombian government has reached a landmark ceasefire agreement with the country’s largest rebel group, a move that could make its resource sector more attractive for companies in Canada and elsewhere. The historic signing of the agreement between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) took place in Havana, Cuba […]
Posted June 24th 2016 at 3:01 pmhttp://www.mining.com/ Beijing’s already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years After 13 years of rapid growth, China burns more coal than the rest of the world combined. The country was responsible for more than 80% of global growth in coal usage […]
Mount Polley Mine to reopen 2 years after tailings pond disaster (CBC News British Columbia – June 23, 2016)
Posted June 24th 2016 at 2:59 pmhttp://www.cbc.ca/news/canada/british-columbia/ The Canadian Press – A gold and copper mine in British Columbia’s Interior is reopening nearly two years after its tailings pond collapsed, setting off an environmental disaster. In August 2014, a massive breach at the Mount Polley Mine site sent 24 million cubic meters of waste and water into nearby rivers and lakes. […]
As Europe Drops Coal, Poland Embraces It – by Ladka Mortkowitz Bauerova and Maciej Martewicz (Bloomberg News – June 24, 2016)
Posted June 24th 2016 at 2:57 pmhttp://www.bloomberg.com/ The World Health Organization estimates that two-thirds of the European Union’s 50 most-polluted cities are in Poland, largely in the mining region of Upper Silesia, where the smell of burning coal lingers in the air. Undaunted, Poland’s government is doubling down on coal. “Building more efficient coal power plants will get us better results […]
Fatal shooting highlights risks of search for uncovered riches – by Barry Fitzgerald(The Australian – June 24, 2016)
Posted June 24th 2016 at 2:46 pmhttp://www.theaustralian.com.au/ Australia’s resources industry is among the most adventurous in the world. It has long been prepared to travel to where the orebodies are, or where they might be found. The adventurous streak reflects the crowded tenement scene in Australia, with coverage of prospective rocks near absolute. But leaving the crowd behind comes with greater […]
Posted June 24th 2016 at 2:12 pmGold and silver prices on Friday surged above their 2016 highs in the wake of the outcome of the British referendum to leave the European Union (EU) – the so-called Brexit. Fitch Group research firm BMI on Friday said it expected additional gains for these precious metals over the coming weeks.
Posted June 24th 2016 at 1:58 pmWith Britain voting to exit the European Union, the World Gold Council expects to see strong and sustained inflows into the gold market driven by the "staggering" level of protracted uncertainty that investors now face. The council said on Friday that gold’s surge to $1 313.85/oz was providing investors with a much-needed safe haven.
Posted June 24th 2016 at 1:12 pmSouth Africa’s rand slumped more than 8 percent against the dollar on Friday, on track to its biggest one-day percentage fall since 2008, as Britain voted to leave the European […]