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…
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Cypress releases study on Clayton Valley lithium project in Nevada
With an initial US$493-million investment, Cypress Development‘s (TSXV: CYP) Clayton Valley lithium project could produce 27,400 tonnes lithium carbonate equivalent (LCE) per year over a 40-year mine life, according to…
Canada Nickel discovers PGM zones at Crawford
Canada Nickel Company (TSXV: CNC) has discovered two new palladium-platinum zones and extended nickel mineralization at its wholly owned Crawford nickel-cobalt project located in the Timmins-Cochrane mining camp, 40 km…
US uranium output shrinks 89% in 2019
U.S. domestic production of uranium concentrate plunged 89% to 174,000 lb. U3O8 last year, according to the latest annual report published by the U.S. Energy Information Administration (EIA). This also represents…
Danakali closer to getting Eritrea potash project off the ground
Australia’s Danakali (LSE: DNK) is in the final stages of completing the second phase of development of its world-class Colluli potash project in Eritrea, Africa. The front-end engineering design (FEED),…
Eric Sprott boosts ownership in Dolly Varden Silver
Mine financier Eric Sprott is increasing his stake in Dolly Varden Silver (TSXV: DV; US-OTC: DOLLF) to 19.9% — buying 7 million common shares of the company in a private…
Rio Tinto drills Janice Lake copper-silver project in Saskatchewan
Following up on a positive 2019 exploration program, Rio Tinto (NYSE: RIO; LSE: RIO) is planning 2,000 metres of drilling, plus mapping, prospecting and geophysical surveys this year at the…
Kore Mining releases ‘exciting’ results at FG gold project
Kore Mining (TSXV: KORE; US-OTC: KOREF) has released assay results from the top of hole 20-368 completed at its wholly owned 130-sq.-km FG gold property, 100 km east of Williams…
McEwen Mining posts $99M loss on Gold Bar write-down
McEwen Mining (TSX: MUX; NYSE: MUX) posted a net loss of US$99.2 million, or US25¢ per share, for the quarter ended March 31, primarily due to a US$83.8 million impairment…
Queensland toughens law on mining deaths
Australia’s state of Queensland has passed a law that will see mining executives spend up to 20 years in jail, and companies hit with fines of up to A$13 million…
Newmont restarts mines as restrictions ease
With restrictions on mining due to the coronavirus pandemic starting to ease, Newmont (TSX: NGT; NYSE: NEM) is back on track with all but one of its mines – Musselwhite…
Tianqi Lithium to sell stake to raise cash
Tianqi Lithium, China’s top producer of the battery metal, says its controlling investor has put a sixth of its holding up for sale. The move, the Shenzhen-listed lithium miner said…