The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
China Mining News
Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.
The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.
A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.
Up 7% year on year across all regions, supporting rally in iron ore and rebound in coking coal prices.
Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.
As exciting as Tesla's Gigafactory 1 project is, it’s actually just one of multiple large-scale “megafactories” being built – with many of them being in China.
The totalitarian state is the number three supplier to China of the steelmaking raw material.
The economic noose is being tightened around North Korea's neck after the pariah regime ignored a United Nations resolution by testing a missile last week.
The question I have is: Why would an investor deliberately choose to lose money? But that’s precisely what’s happening now with inflation where it is.
The gold market dwarves turnover on the Dow Jones and the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.
Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands.
Gold prices of late have been testing support just under the market, if you will, preparing for a healthy rally into higher territory.
The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
The Board takes this opportunity to welcome Mr. Li and wishes him well in his new role which amongst others will be prioritizing the commissioning and commencement of production at the Bakubung Platinum Mine project.
Restrictions would remain in place for six months, with some mines and areas possibly excluded.
Down 4.7% on Tuesday to five-month low as ultra-cheap Mongolian coal gets trucked into market.
The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.
Prices for the steelmaking commodity have more than doubled in value over the past year following near-decade lows of $38 a tonne in December 2015.
Chinese import volumes rise to second highest on record in January.
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
BHP Billiton says more help is needed from both governments and industry to promote the adoption of carbon capture and storage (CCS) technology.
Should the government go ahead with all the recommended shutdowns and suspensions, global supply of nickel will drop by about 8%.
Beijing will intensify its battle against choking air pollution this year and aims to cut coal use by 30 percent, state news agency Xinhua cited the mayor, Cai Qi, as saying.