The briefing on mining

The latest news, trends and data from the mining industry

NEWS IN NUMBERS

20.9

Warren Buffet's Berkshire Hathaway has purchased 20.9 million stocks in Barrick Gold, sending stocks surging.

0.2%

South Africa's main stock index has risen by 0.2%, buoyed by companies such as Anglo American that are set to benefit as lockdown eases.

A$425m

Rare earth miner Lynas has announced a A$425m equity raise in order to fund its Lynas 2025 projects, in addition to announcing a loss in revenue and earnings for the year ended June.

$25m

Chilean regulators have rejected Sociedad Química y Minera de Chile (SQM)’s $25m environmental compliance plan for the Atacama salt flat in the country.

The latest from Twitter

The world is on a #gold standard. Most don’t recognise this reality but a chart proves it. A goldgram buys same amount of #crudeoil (energy) as 70 years ago. Gold is the world’s #numeraire & measure of value for 5k years. Prepare for the reset: start pricing goods in oz or grams. pic.twitter.com/jyk3LxVGEV
— James Turk (@FGMR) August 13, 2020

There's contrarian. And then there's standing in front of an oncoming Mack truck. Shorting Gold & Silver at the start of a minimum 7-10 year bull market is the latter. Comical. $GOLD $SILVER $COPPER #prediction #profits pic.twitter.com/4odERbHYBJ
— Hedgehog Trader (@HedgehogTrader) August 17, 2020

The average mine grade (at gold mines) has fallen from over 10 grams a ton in the early 1970s to around 1.46 grams a ton last year, according to Metals Focus, a precious-metals consulting firm. https://t.co/GmJSeeoUjy
— Sean Brodrick (@SeanBrodrick) August 16, 2020

Had a discussion last night about all the amazing technology we have access but how even with that nobody is making true world-class greenfield discoveries. Perhaps the requirements of being world class demand a scale that made discovery "easy", and there's very few left to find. https://t.co/yB7X7X9fee
— Brandon Macdonald (@YukonBrandon) August 16, 2020

PROJECT NEWS

Premier Gold Mines signs deal to acquire Getchell Project

Premier Gold Mines is set to acquire the Getchell Project in the Getchell gold belt, in a move to bolster its presence in the US state of Nevada.

Sheffield and Yansteel partner to develop Thunderbird project

Sheffield Resources and YGH Australia Investment (Yansteel), a subsidiary of Yangang (Hong Kong), have signed a non-binding term sheet to form a joint venture to develop the Thunderbird Mineral Sands Project.

Radisson Mining Resources to acquire New Alger Gold Property in Quebec

Radisson Mining Resources has signed a binding agreement to acquire the New Alger Gold Property from Renforth Resources. The acquired property is located adjacent to the Radisson’s O’Brien Project in the Canadian province of Quebec.

Fortescue to review expansion that threatens Australian sacred sites

According to a Reuters report,Fortescue will revisit the plan that involves expanding an iron ore mine in Pilbara region, after the Wintawari Guruma indigenous peoples said that the move will endanger a 60,000-year-old rock shelter among other sacred sites.

Further reading

Joe Biden vows to stop Pebble mine from going ahead if elected

US Democratic presidential candidate Joe Biden said on Sunday that, if elected, his administration would block the Pebble mine project in Bristol Bay, Alaska. Northern Dynasty Minerals, through its wholly owned subsidiary Pebble Partnership, has hit back at the Democratic Party’s candidate, saying any attempt to block the project would be promptly overturned.

Source: Mining-Technology

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02/16/2024 23:14:30