Albemarle to close two lithium facilities in the US
U.S. miner Albemarle (NYSE: ALB), the world’s top lithium producer, said this week it would temporarily shut two operations due to weaker demand for the commodity used in batteries that…
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Mexico Snapshot: Eight companies to watch
Mexico is an attractive destination for Canadian miners with its mining-friendly policies, prospective mineral belts and well-developed infrastructure and legislation. Below, we provide an overview of eight companies with exploration,…
New global tailings guidelines aim for zero harm
The Global Tailings Review (GTR) has released the first-ever Global Industry Standard on Tailings Management, aimed at strengthening best practices around tailings dams in the mining sector, with the goal…
Inomin Mines acquires La Gitana and Pena Blanca in Mexico
Inomin Mines (TSXV: MINE) has announced an agreement to acquire Gunpoint Exploration’s (TSXV: GUN) La Gitana and Pena Blanca gold-silver properties, located 100 km east of Oaxaca City, Mexico. Under the agreement,…
Glencore records US$2.6B loss, scraps dividend
Glencore (LSE: GLEN) posted a US$2.6 billion loss after write-downs for the first half of the year and scrapped its dividend, as the coronavirus pandemic dented global demand and lowered…
Mulatos mine keeps paying off for Alamos Gold
When Alamos Gold (TSX: AGI; NYSE: AGI) paid Placer Dome $10 million for the Mulatos project in Mexico in November 2001, gold was below US$300 per ounce. At that gold…
Iron ore and coking coal prices approach parity
Since the establishment of the spot market for iron ore in 2008 and the inclusion of coking coal prices on the Singapore Exchange in 2014, the price of 62% iron…
Moneta extends 55 deposit at Golden Highway
The most recent five drill holes (and one redrilled hole) reported from Moneta Porcupine Mines’ (TSX: ME; US-OTC: MPUCF) Golden Highway project, 110 km east of Timmins, extend the mineralization…
Editorial: Investors wake up to the appeal of gold
If the price of gold in a local currency is a measure of national risk, then the United Kingdom is apparently in a worse place than during the Black Death…
Minera Alamos buys Cerro de Oro gold project in private sale
Canada’s Minera Alamos (TSX-V: MAI) is expanding its footprint in Mexico by acquiring the Cerro de Oro gold project in the north-central state of Zacatecas, its third asset in the precious metals-rich country. The…
Donald Trump Jr calls for blocking Pebble mine
Opponents of Northern Dynasty Minerals’ (TSX: NDM) proposed Pebble copper-gold-molybdenum mine in Alaska found a new ally on Tuesday, as U.S. President Donald Trump’s son Donald Jr. took to Twitter…
Covid-19 creates ‘perfect storm’ for gold investment: World Gold Council
With the price of gold having crested US$2,000 an ounce, the World Gold Council released its latest report on the precious metal’s demand trends. The Gold Demands Trends report covers…