The briefing on mining
The latest news, trends and data from the mining industry
NEWS IN NUMBERS
Nornickel, the world's largest producer of palladium and high-grade nickel, has said it will dispute the $2bn figure placed on damage caused to the Arctic by a spill from one of the company's tanks.
GoviEx Uranium has been given 30 days to appeal the Zambian Government's termination of the Chirundu mining licence.
Gold has reached spot prices of $1,800/oz, with year-to-date inflows into bullion-backed exchange-traded funds exceeding the record total set in 2009.
Barrick and Japan Gold have begun geophysical-gravity surveys for their joint venture, consisting of projects covering 328km2, that looks to uncover Japan's gold potential.
The latest from Twitter
All eyes on the #gold price today, a new 107 month high. But, don't forget #copper & #silver !! Copper up 34% from March lows, and silver is up 56%. Great news for companies like Kincora Copper. $KCC.V. Check out this strong FIRST drill hole result... https://t.co/iATJ203xiC pic.twitter.com/yDcGdyQdqi— Peter Epstein, MBA (@peterepstein2) July 8, 2020
Great article highlighting some of the challenges to decouple from the Chinese "chokehold" on the global Rare Earth industry. #REE— Leading Edge Materials Corp. (@LeadingEdgeMtls) July 8, 2020
“They are manipulating the prices, but they're able to do that because they're vertically integrated.”https://t.co/2rhyy4NrRg
Gold breaks above $1,800. It's not really gold going up, but the dollar going down. The Fed can't print trillions of new dollars without existing dollars losing purchasing power. Therefore, more dollars are needed to buy #gold. Soon more dollars will be needed to buy everything.— Peter Schiff (@PeterSchiff) July 8, 2020
Maple Gold to run new AI study for high-grade gold
Maple Gold, in partnership with Computational Geosciences, is running a new, and expanded, aritficial intelligence study targeting high-grade gold at its Douay project in Quebec.
Canadian and Australian miners join forces in Mauritania
Canadian miner Chilean Metals and Australian miner Aura Energy have agreed to a C$4.5m joint venture for Chilean Metals' gold, base, and battery metal tenements in Mauritania.
First Quantum to restart operations at Cobre Panama copper mine
Canadian miner First Quantum Minerals is set to restart complete production at its Cobre Panama copper operation, following a three-month work interruption as a result of the Covid-19 pandemic.
Bellevue Gold to develop Western Australian gold project
Bellevue Gold is all set to transition to the project development phase at the Bellevue gold project in Western Australia after confirming a high-grade resource. The Bellevue gold project is 400km north west of Kalgoorlie in Western Australia.
Lunar gold rush: can Moon mining ever take off?
The Moon could harbour more metals than had previously been believed beneath its surface, according to research conducted using NASA data. The new revelations about the Moon’s geological composition may affect theories as to the celestial body’s origin, but the news will also pique the interest of aspiring Moon miners. The US Government has recently floated the idea of mining the Moon, but what does this new development mean for a lunar gold rush?
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