For every failed mine, there was a positive feasibility study. Therefore, I conclude that mining is seldom an investment.
Junior Explorer Mining News
The bottom is in, declares Oliver Gross of Der Rohstoff-Anleger (The Resource Investor), and the bulls are ready to charge.
Currently 19% of Aussie geoscientists are unemployed, compared with fewer than 2% three years ago.
But when the market does recover, it is "going to be a screamer," he says.
Only half the total resources discovered since 1990 has been converted into reserves or put into production to date.
The new fund plans plans to invest between $5 million and $20 million in each miner.
Report shows mining companies are not longer trusted on their abilities to control costs, deliver on promises and cope with resource nationalization demands.
The report also says junior miners will continue to be cash strapped for at least another year, as the global mining industry slows down.
The property now includes 11,684 ha (117 km2) up from the original 6,880 as per March last year.
Canadian junior Stornoway Diamond Corporation (TSX-SWY) announced Thursday it has received an award for the “high level of environmental and social responsibility” shown in the advancement of the Renard Diamond Project.
Canadian Abacus Mining and Exploration Corp. (TSXV:AME) is looking for potential buyers, partners or other alternatives under a strategic review initiated Monday, shortly after its partner moved to increase its holding in their B.C. joint venture.
Add Angola to your Australian REE explorer watch list.