First Majestic reports revised NI 43-101 technical report
Shares of First Majestic in Toronto rose 4.7% to $18.69, after the announcement.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Two massive diamonds in Angola dazzle investors and brighten up local industry
The Australian diamond company Lonrho Mining dazzled investors Tuesday as the company confirmed the finding of two huge diamonds from the Lulo project, in northeastern Angola.
Harry Winston sets Diavik mine’s value at $2.6 billion
Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to go and a current net value of $2.6 billion.
Panama Canal expansion to change dynamics of commodity trade
When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of bulk cargo that can pass through today.
Montana coal mining related protests reach the Capitol, no major impact
USA’s second-largest coal producer, Arch Coal, has drawn protests from activists and locals after announcing it had applied for a permit in Montana to begin tapping its massive Otter Creek coal strips.
Franco-Nevada injects $1 billion into Inmet’s copper project
Canada’s Franco-Nevada has committed a whopping $1 billion to support the development costs of Inmet's massive Cobre Panama copper project in exchange for a future precious metals stream.
Australia’s Queensland coal industry hits new wall as Yancoal reviews expansion
Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects wind back.
Germany’s coal revival to boost energy change
A 2200 MW coal power plant opened in Cologne is being lauded for aiding Germany’s transition from nuclear power to renewables.
Chile’s Codelco to win big in agreement with Anglo
If everything goes as planned, at the end of this week Chile’s Codelco and Anglo American will sign a long-awaited agreement that would end one of the biggest business disputes in recent decades.
Faith in BHP’s Outer Harbour fading fast
New doubts have emerged over world number one miner BHP Billiton's (LON/ASX/NYSE:BHP) $20 billion outer-harbour project at Port Hedland, Australia, with big names such as JPMorgan and Deutsche Bank saying they expect it to be axed.
First Quantum credit outlook improves on Cobre Panama progress
S&P has revised the miner’s rating to positive from negative on improved liquidity and a likely 2026 restart of its key copper mine.
