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miningweekly.com August 11, 2020

Platinum Giant South Africa Forced By Virus To Look Into Abyss

South Africa's gold industry has been dying slowly for years. As the coronavirus undercuts the already fragile case for investment, its platinum mines may be next. Beset by power and water shortages, alongside whipsawing government policies, South Afr...
Read by 61% of LPs

resourceworld.com August 06, 2020

Uzbekistan Aims To Become One Of World's Largest Gold Producers - Resource World Magazine

By Eugene Gerden Uzbekistan aims to become one of the world's largest gold producers within...: Uzbekistan aims to become one of the world's largest gold producers within the next several years that will be achieved through more development of its domestic gold regions. According to latest data, published by the Uzbek State Committee for Geology, the country currently has 63 large-scale gold mining fields, which have total reserves of more than 2,500 tonnes of gold, and probable reserves (in categories C1 and C2) of 5,990 tonnes.
Read by 45% of LPs

miningweekly.com August 06, 2020

Minerals Council Welcomes New Global Tailings Management Standard

The Minerals Council South Africa has welcomed the publication of the new Global Industry Standard on Tailings Management. The Global Tailings Review (GTR) on August 5 launched the Global Industry Standard on Tailings Management, which aims to ensure t...
Read by 50% of LPs

miningweekly.com August 06, 2020

Jubilee Secures Further Copper Tailings Resource In Zambia

Dual-listed Jubilee Metals has, in line with its stated strategy to expand operations in Zambia, signed a joint venture (JV) agreement with a private Zambian company to secure the rights to process two-million tonnes of copper run-of-mine (RoM) materia...
Read by 71% of LPs

moneycontrol.com August 03, 2020

Fdi In Commercial Mining: Government Nod Needed For Companies From Nations Sharing Border With India

According to the Press Note 3 of 2020, #39;an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government route#39;, it added.
Read by 37% of LPs

investorintel.com July 31, 2020

Tesla Set To Lead This Decade's Renewable Energy And Electric Vehicle Boom

Renewable energy and electric vehicles (EVs) are set to be massive macro trends this decade. A raft of Government support, combined with massive cost reductions, will propel both sectors higher. In most locations globally solar is now the cheapest form of electricity production (followed by wind), and from about 2023 electric vehicles will be cheaper to buy than conventional cars. Hundreds of millions of people globally will make the move to solar and wind power, combined with EVs simply because it will be the cheapest way to create energy and to commute.
Read by 79% of LPs

mining.com July 30, 2020

Denison Mines Wins Arbitration Ruling Over Mongolian Asset Sale

The uranium miner has been awarded $10 million plus interest in the Mongolia asset sale arbitration case. : The London Court of International Arbitration (LCIA) has recently rendered a final award in favour of Canadian uranium miner Denison Mines (TSX: DML) for the previously disclosed arbitration proceedings between the company and Uranium Industry (UI). In November 2015, Denison completed the sale of its mining assets and operations located in Mongolia to UI pursuant to an amended and restated share purchase. The primary assets at that time were the exploration licences for the Hairhan, Haraat, Gurvan Saihan and Ulzit projects.
Read by 76% of LPs

huffingtonpost.ca July 30, 2020

French Oil Company Writes Off $9.3B In Alberta Oilsands Assets | Huffpost Canada

CALGARY -- French energy giant Total says it is writing off $9.3-billion (US$7 billion) worth of oilsands assets in Alberta and cancelling its membership in the Calgary-based Canadian Association of Petroleum Producers (CAPP). Total now considers oil reserves with high production costs that are to be produced more than 20 years in the future to be "stranded" given its carbon reduction targets and because the resource may not be produced by 2050, the Paris-based company said Wednesday.
Read by 64% of LPs

mining.com July 29, 2020

Copper Mountain Shares Up On Strong Q2 Results

Production reached 23.9 million pounds of copper equivalent in Q2. : Copper Mountain Mining (TSX: CMMC) exceeded its revised operating plan for the second quarter of 2020, the Vancouver-based miner announced on Wednesday. The company operates three mines, one in British Columbia and two in Australia. Production for the three-month period reached 23.9 million pounds of copper equivalent, comprising of 18.1 million pounds of copper, 7,499 ounces of gold and 86,126 ounces of silver.
Read by 73% of LPs

miningweekly.com July 29, 2020

Brazilian Major Vale Piloting Electric Locomotive

Diversified mining major Vale, in partnership with Progress Rail - part of US group Caterpillar - is developing a new 100% electric, battery-powered switchyard locomotive. The initiative forms part of the iron-ore miner's strategy of reducing direct a...
Read by 33% of LPs