New Century eyes Vale’s New Caledonia mine
Australia’s New Century Resources (ASX: NCZ) has confirmed rumours of talks with Vale (NYSE: VALE) to buy the Brazilian miner’s nickel and cobalt operations on the Pacific island of New…
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AngloGold Ashanti confirms 196 COVID-19 cases at Mponeng in South Africa
AngloGold Ashanti (NYSE: AU) has temporarily closed its Mponeng mine in South Africa after 196 workers tested positive for COVID-19. The company has conducted 651 tests since the first COVID-19…
Northern Dynasty announces new plan at controversial Pebble project
Northern Dynasty Minerals (TSX: NDM) has welcomed a change of plan for its Pebble project in Alaska’s Bristol Bay region, which would now include an all land-based transportation route to…
Manitou finds higher grades at Goudreau gold project
Manitou Gold (TSXV: MTU) has released initial drill results from the Rockstar vein within its 225-sq.-km Goudreau project in Ontario. This work is following up on last year’s channel sampling…
Tanzania allows Barrick to ship gold concentrate
Barrick Gold (TSX:ABX; NYSE:GOLD) will finally be able to ship gold concentrate containers out of Tanzania, which have been sitting at Dar es Salaam Port for three years due to…
Gold price rises as pressure builds on US-China relations
Gold rebounded on Friday as concerns about the economic fallout from the COVID-19 pandemic were compounded by fears of rising political tensions between China and the United States. Spot gold…
Dominion Diamond unveils plan to avoid bankruptcy
Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually…
Moneta Porcupine drills more high grade at Golden Highway
One of the oldest companies listed on the Toronto Stock Exchange, Moneta Porcupine Mines (TSX: ME; US-OTC: MPUCF), believes it has found a new zone of gold mineralization at its…
Fortescue Metals ups stake in Candente Copper
Australian iron ore major Fortescue Metals Group (ASX: FMG) has invested $1.38 million (US$984,000) in Candente Copper (TSX: DNT), increasing its stake in the Canadian junior from 9.7% to 19.92%….
QMX drills Bonnefond gold project in Quebec
Infill drilling at QMX Gold’s (TSXV: QMX) Bonnefond deposit, near Val d’Or, Que., continues to hit strong intercepts as the company prepares a resource update to be released this summer….
Mining exploration spending to drop 29% this year
The rally in the gold price will not be enough to prevent 2020 turning into the worst year in 15 for global exploration spending. According to a new report by…
Rockcliff hits near-surface copper and zinc at Freebeth in Manitoba
Phase one drilling at Rockcliff Metals’ (CSE: RCLF) Freebeth property in central Manitoba has returned high-grade copper and zinc mineralization including 5.28% copper equivalent over 2 metres and 4% copper-equivalent…