U.S. markets fall during June 13-17 trading week
The Dow Jones Industrial Average retreated 1,504.01 points or 5.03% to 29,888.78 and the S&P 500 fell 226.02 points or 6.1% over the week to 3,674.84 as U.S. stocks felt…
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Post-pandemic demand, Russia-driven supply troubles buoy copper price outlook
Analysts expect historically high prices for copper, aluminum, nickel, zinc, steel, and other base and precious metals to benefit miners in the year’s second half. Credit rating agency Moody’s Investors…
PDAC 2022: Ecuador hopes to churn its mining ‘wheel’ despite opposition
Amidst talks of nationalization of mines and stricter regulations for miners in several jurisdictions across South America, Ecuador’s Energy Minister Xavier Vera promises a different path as the government aims…
Focus Graphite receives $350,000 grant from Quebec for Lac Tetepisca project
Focus Graphite (TSXV: FMS; US-OTC: FCSMF) has been awarded a grant of up to $350,000 by Québec’s Ministry of Energy and Natural Resources, to advance the company’s Manicouagan-Ouest Graphitic Corridor…
Miners must invest in critical minerals or risk energy transition
The world’s biggest miners need to aggressively invest in critical metals or will hold back the global energy transition away from fossil fuels, a new report shows. According to PwC’s 19th…
PDAC 2022: Promising diamond, gold exploration might fill economic void after diamond mines close, says NWT industry minister
The planned closure of three producing diamond mines in the Northwest Territories in the next few years will open a gap in the territorial economy, but the N.W.T.’s industry minister…
PDAC 2022: As ESG both drives metal demand and constrains supply, miners will be forced to innovate, says Teck’s Jeff Hanman
Mines of the future will need software developers, data analysts and even bio-technology scientists to be able to meet the rising of demand of metals, needed for decarbonization, in an…
BHP to shut Mt Arthur coal mine as buyers walk
BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) planned exit from thermal coal has been modified as the company has decided to keep its Mount Arthur mine, New South Wales’ largest…
PDAC 2022: Investment bankers see capital returning to mining – once market risks abate
Despite strong commodity prices, money has not been flowing into the mining sector — and that is likely to be the case as long as market volatility and uncertainty continue,…
PDAC 2022: Canada’s long and winding road towards building battery ecosystem
From a lack of skilled professionals to rising costs due to inflation amidst the pressure to quickly build an entirely new industry, Canada must overcome several obstacles before it can…
Kinross Gold sells Russian assets at half the agreed price
Kinross Gold (TSX: G; NYSE: KGC) said on Wednesday it had sold its Kupol mine and Udinsk project in Russia to Highland Gold Mining for a total of $340 million in…
PDAC 2022: NWT leaders ask Ottawa to help with infrastructure to benefit mining
In the Northwest Territories, infrastructure that lags behind southern Canada is limiting the potential of the territory’s mining development and increasing its costs as well, said leaders of the N.W.T….