Junior in ‘exclusive negotiations’ with major mining company
Unnamed major has a market capitalization in excess of US$10 billion.
Latest Stories
NCS Technology Changes its Name to Centric Mining Systems
NCS Technology Inc. has completely re-branded. Partnering with Toronto based branding agency TAXI, they have overhauled everything from their website to company name.
Rio Tinto to launch virtual tour of its Canadian Diavik diamond mine
The virtual reality headset will debut at the JCK Luxury Show in Las Vegas.
South Africa reshuffles cabinet, names new mineral resources minister
Susan Shabangu, highly criticized for her handling of a strike in the platinum sector, was booted out from a cabinet that now includes South Africa's first black minister and a first openly gay official.
Scientists find rare-earth-like magnetic properties in iron
Finding may provide a new and more available ingredient for manufacturing motors for hybrid and electric cars, as well as generators.
India easing gold import restrictions: Curb your enthusiasm
Even if incoming PM Narendra Modi relaxed all gold import curbs – and that's still a big if – the impact on global markets should be muted.
Tesla’s Gigafactory: Needs 6 new graphite mines, but where will cobalt be sourced?
The electric motor company's plans to double the globe's battery output will up graphite demand 152%, but sourcing cobalt outside the Congo could prove difficult.
Output at no 2 global gold producer falls
Australia's gold output down 7% due to weather.
Optimism hampers adequate mine closure
"We need to recognize that post closure is forever."
