Gold price wobbles on renewed vaccine hopes
The rally in gold, which surged to a record high nearly two weeks ago, is beginning to lose steam with hopes for a coronavirus treatment and signs of improving economies…
Articles by Trish Saywell
Vale opens iron ore grinding hub in China
Vale (NYSE: VALE) has begun producing high-grade iron ore fines for pelletizing at its new 3-million-tonne-a-year grinding hub at China’s Shulanghu Ore Transfer Terminal. The unit, a partnership with Ningbo…
Nemaska Lithium accepts sale proposal, reorganization into new entity
After completing a sale or investor solicitation process (SISP) under the Companies’ Creditors Arrangement Act (CCAA), Nemaska Lithium has ultimately accepted a sale proposal, structured as a credit bid, from…
Trevali prefeasibility expands Rosh Pinah mine in Namibia
The results of Trevali Mining’s (TSX: TV; US-OTC: TREVF) prefeasibility study of an expansion of the Rosh Pinah zinc-lead-silver underground mine in Namibia to 1.3 million tonnes per year, up…
Rio Tinto enters option deal for ALX’s nickel project in Saskatchewan
ALX Resources (TSXV: AL) has entered into an option agreement with Rio Tinto (NYSE: RIO; LSE: RIO) on its Falcon nickel project in northern Saskatchewan. Under the deal, Rio Tinto…
Northern Dynasty’s stock craters on Trump media reports
The U.S. Army Corps of Engineers (USACE) has ordered Northern Dynasty Minerals (TSX: NDM) to craft a plan that would mitigate environmental impacts of its proposed Pebble copper-gold-molybdenum mine in…
Nomad Royalty grows portfolio with US$45.8M Coral Gold acquisition
Nomad Royalty (TSX: NSR; US:OTC: NSRXF) has entered into a definitive arrangement agreement to acquire Coral Gold (TSXV: CLH; US-OTC: CLHRF) in a cash and share deal valued at US$45.8…
BHP to fund Midland nickel exploration in Quebec
Midland Exploration (TSXV: MD) says it has struck a new funding deal with a subsidiary of BHP (NYSE: BHP; LSE: BHP) for nickel exploration activities in northern Quebec. BHP’s unit,…
Rio Tinto executives lose millions over Aboriginal site blast in Australia
Rio Tinto’s (NYSE: RIO; LSE: RIO) top bosses will pay millions of dollars for the destruction of two ancient caves in Australia as the group has decided to cut short-term…
US markets mixed, Aug. 17-21
The Dow Jones Industrial Average fell 0.003% to finish the week at 27,930.33 and the S&P 500 rose 0.72% to 3,397.16. Spot gold climbed US$2.40 per oz., or 0.12%, to…
Mali coup delays sale of Iamgold’s Sadiola gold mine
Iamgold (TSX: IMG; NYSE: IAG) has delayed the sale of its Sadiola gold mine in Mali, a joint venture with South Africa’s AngloGold Ashanti (NYSE:AU), as the country reels from…
Glencore’s Mutanda mine on care and maintenance for ‘two years at least’: report
A year ago, Glencore (LSE: GLEN) announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70%…