Editorial: New DRC tax rates chasten foreign miners
In the mining world there’s no better epitome of a high-reward, high-risk jurisdiction than the Democratic Republic of the Congo (DRC), with its array of superb mineral deposits, but a…
Africa
TSX Venture Exchange inches higher, March 5-9
After rising as many as 24 points midway through the trading week, the S&P/TSX Venture Composite Index levelled off at 828.9 — a 0.35% gain over the previous week. Shares…
US markets dip, Feb. 19-23
Gold closed at US$1,328.20, down 1.36% over the previous week, as U.S. markets slipped. The Philadelphia Gold and Silver Index fell 3.24% to 80.53 and the Dow Jones Industrial Average…
Commentary: Apple and the vertical transformation of mining
In early February, Bloomberg reported that Apple Inc. was in direct talks with an undisclosed mining company to secure long-term cobalt supplies to support the mounting demands of the company’s…
US markets fall, Feb. 5-9
Gold closed at US$1,315.7 per oz., down 1.2% over the previous week. U.S. markets suffered as the Philadelphia Gold and Silver Index fell 6.6% to 78.35, and the Dow Jones…
New DRC mining code upsets miners
A new mining code in the Democratic Republic of the Congo that would raise royalties on metal production and eliminate a stability clause enshrined in the previous 2002 charter that…
Editorial: Cobalt positioned to enjoy strong year
In many eyes, cobalt is set to become an investor darling for 2018, and the recent royalty hike on cobalt production by the government of the world’s largest producer —…
TSX dips slightly, Jan. 22-26
Canada’s benchmark index fell 0.69% to close the trading week at 16,239.20. The S&P/TSX Global Mining Index fell 0.13% to 75.23 while the S&P/TSX Global Gold Index rose 1.55% to…
Editorial: US gov’t slaps sanctions on Israeli mogul Dan Gertler
On Dec. 20, U.S. President Donald Trump signed an executive order under the year-old Global Magnitsky Human Rights Accountability Act and related acts to block the property of 13 “malign…
Orca drills Morondo in Côte d’Ivoire
Orca Gold (TSXV: ORG) has begun drilling its Morondo gold property in Côte d’Ivoire, as the company expands its exploration portfolio outside its flagship gold asset in Sudan. “We’ve been…
Sibanye tables US$383M bid for Lonmin
VANCOUVER — South Africa’s Sibanye-Stillwater (NYSE: SBGL) has launched a US$383-million, all-share bid for debt-heavy peer Lonmin (LON: LMI; US-OTC: LNMIY). If the deal closes, it would be Sibanye’s fourth…
Roskill’s Jack Bedder peers into cobalt crystal ball
Cobalt has more than doubled in price from US$14.75 per lb. in late December 2016 to over US$30 per lb., making it one of the top performing metals this year….