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Goldman Funds Take $900 Million Hit on Northvolt Stake, FT Says
1732378032 from BLOOMBERG
Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery maker Northvolt AB, which filed for bankruptcy protection this week, the Financial Times reported, citing letters to investors it has seen.
First Nation considers legal options as B.C. approves mining permit ‘without consent’
1732300490 from FPOST
VANCOUVER — The Xatśull First Nation says it is “disappointed” that British Columbia’s Mines Ministry has granted an operating permit for the Cariboo Gold Mine without meeting its leadership or obtaining the nation’s consent. The mine is on the nation’s territory in central B.C. and it issued a statement earlier this month calling for the […]
Uzbekistan’s October gold exports hit $833 million.
1732283011 from C ASIA
In October 2024, Uzbekistan exported $833.4 million … last year. Key highlights of Uzbekistan’s trade performance: Trade … From January to October, Uzbekistan’s foreign trade turnover reached … gas imports from Russia and Turkmenistan: 2.4 times higher, …
31.6% of Uzbekistan budget 2025 to come from mining, energy, and manufacturing
1732261069 from C ASIA
… taxpayers from Uzbekistan mining industry, Uzbekistan energy, and Uzbekistan manufacturing expected … Dominant, but Diversifying: The Uzbekistan mining industry continues to … to slightly decline as Uzbekistan manufacturing and Uzbekistan energy sectors grow. …
China Strikes Gold: 300-Tonne Deposit Found in Central Province
1732205427 from GOLDSILVER
China has unearthed a massive gold deposit worth $83 billion in Hunan province. Geologists discovered over 40 gold veins containing 300 tonnes of gold within 2,000 meters depth at the Wangu gold field. This find could significantly boost China's gold production, which currently accounts for 10% of global output. The Hunan Academy of Geology predicts potential reserves exceeding 1,000 tonnes at depths beyond 3,000 meters.
Cornish Metals Releases Unaudited Financial Statements and Management’s Discussion and Analysis for the Nine Months Ended 30 September 2024
1732172485 from FPOST
VANCOUVER, British Columbia, Nov. 21, 2024 (GLOBE NEWSWIRE) — Cornish Metals Inc. (TSX-V/AIM: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce that it has released its unaudited financial statements and management, discussion […]
Serabi Gold Files NI 43-101 Technical Report for the Coringa Gold Project
1732172473 from FPOST
Serabi Gold Files NI 43-101 Technical Report for the Coringa Gold Project Serabi Gold (AIM:SRB, TSX:SBI; OTCQX: SRBIF) the Brazilian focused gold mining and development company, is pleased to announce that it has publicly filed its detailed Technical Report (the “Technical Report”) of its updated preliminary economic analysis (“PEA”) and updated mineral resource estimate (“Mineral […]
Ultra Lithium Receives Section 244 Notice From Power Minerals Limited
1732152101 from FPOST
VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) — Ultra Lithium Inc. (TSXV:ULT, OTCQB: ULTXF and Frankfurt: QFB) (“Ultra Lithium” or the “Company”) today announces it has received a section 244(1) notice under the Bankruptcy and Insolvency Act (Canada) (“s.244 Notice”) from Power Minerals Limited (“Power Minerals”). Power Minerals intends to make a court application […]
Letter: Where is the voice of responsible Yukon mining
1732146772 from MINING
… of the Yukon Chamber of Mines Dear Editor, Yukon News … by the Yukon Chamber of Mines, which claims to “…help … development…” on behalf of the mining industry. However, throughout a series … of irresponsible actions by mining companies in the territory, …
Ontario spending $13M to boost junior mining exploration
1732144396 from MINING
… to boost mining exploration in the North. Mines Minister George … to help 84 junior mining companies finance early exploration … projects. New mining exploration projects have the … is to help junior mining companies cover eligible costs …
Mining giant Rio Tinto rocked by an increase in sexual assault cases across its operations
1732142099 from MINING
… EST, 20 November 2024 Crisis: Mining giant Rio Tinto said eight … in the past 12 months Mining giant Rio Tinto has been … treatment of women in 2022. Miners have taken steps to address … problems at remote sites. ‘Miners have improved, but there is …
Mineral Resources Leaders to Face Shareholders After Scandal
1732138870 from BLOOMBERG
Good morning, it’s Georgie here in Sydney. Here’s all the news you need to start your day...Today’s must-reads:• Mineral Resources to face the music at Thursday’s AGM• Future Fund ordered to invest more in Australia• Australia faces a more challenging fiscal outlook
Mx2 Mining Closes C$16 Million Private Placement
1732138200 from MINING
… 2024 (GLOBE NEWSWIRE) -- Mx2 Mining Inc. (“Mx2” or the “ … be unlawful. ABOUT Mx2 MINING Mx2 Mining is a gold exploration … metals companies, including Red Back Mining, Aya Gold & Silver, … other risks relating to the mining industry. Forward-looking statements …
Stilfontein Mine: Rescue efforts underway to extract 'unknown number' of illegal miners
1732133955 from MINING
… bring up the illegal miners trapped underground The provincial … underway to extract illegal miners Police responded to a … physical] contact with the illegal miners, except for emergency personnel. … with the scourge of illegal mining once and for all. …
Nigeria's Mining Week sharpens focus on long-neglected sector
1732133796 from MINING
… conference, attended by government officials, mining industry players and international investors … the problem by investing in mining technologies, surveillance, data gathering, … the “Mining Marshal Corps” has arrested more than 300 illegal miners, including …
FG showcases mining sector reforms
1732130639 from MINING
… the sector, including combating illegal mining, introducing advanced technology, and … emphasized the importance of sustainable mining practices and local content development … advancing Nigeria’s mining sector. The President of the Miners Association of …
Illegal mining | Community members concerned about pace of miners' rise to the surface
1732129886 from MINING
… the surface. READ: Stilfontein miners' situation remains dire … to help bring the miners to the surface, after … miners. Bongani Jonas, National Youth Coordinator for Youth Affected By Mining … United in Action, is a negotiator giving miners updates …
Fireweed Metals wins award for exploration and mining practices
1732128816 from MINING
… and Innovative Exploration and Mining Practices by the … and Innovative Exploration and Mining Practices” may be presented … Yukon Chamber of Mines, the Klondike Placer Miner’s Association, … subsurface imaging solution for mining applications. This advanced …
Chamber of Mines Applauds Mining Sector Growth
1732128512 from MINING
… of Mines has said that the recent developments in the mining sector … . Zambia’s Chamber of Mines Chief Executive Officer Sokwani Chilembo … explained that he believes the mining sector will now see … took office, Zambia’s mining sector has received millions of …
Artisanal miners get the green light
1732124885 from MINING
… small-scale miners funding as slowing the eradication of illegal mining. As … and Small-Scale Mining (ASM) refers to mining operations conducted by individuals … limitations which leads to illegal mining activities. “Re-emergence of illegal …
Rare coin issued after the California Gold Rush sold at auction for $1.4 million
1732123689 from FPOST
LOS ANGELES (AP) — Avid coin collectors jumped at the chance to get their hands on a rare $20 “double eagle” gold coin at a Southern California auction house Tuesday afternoon, but only one walked away victorious after paying a hefty price. The gold piece — minted in Carson City, Nevada, in 1870 — sold […]
What to know about a standoff between police and illegal miners at a South Africa mine
1732119146 from MINING
… country’s once booming mining industry. The illegal miners — known as zama … and abandoned mines that have been closed or where mining has been … halted. Police consider the illegal miners dangerous …
Hydrogen-Powered Mining Trucks: Slow Start, But Big Potential
1732114207 from MINING
… Promise of Hydrogen in Mining Hydrogen-powered mining trucks provide a key … particularly appealing for large-scale mining operations, where operational downtime carries … Developments in Hydrogen Mining Trucks Several hydrogen-powered mining trucks are …
Chile’s rare salt flat fish faces extinction from lithium mining
1732111919 from MINING
… in and residents say copper mining has reduced the fish population … to launch a private lithium mining project, something locals and experts … guarantees to safeguard the ecosystem. “Mining activity, while important from an …
Korea Zinc Tycoon Fights for Control Amid Takeover Battle
1732107304 from BLOOMBERG
Korea Zinc Co.’s CEO Yun B. Choi tells Bloomberg's Stephen Engle he is working to regain shareholders’ trust after the company was forced to scrap its plans to raise $1.8 billion via issue of new shares. This marks a blow to Choi's effort to fend off a hostile takeover bid from its biggest shareholder Young Poong and private equity firm MBK Partners. (Source: Bloomberg)
Kazakhstan imposes six-month ban on steel billets and semi-finished product exports
1732092219 from C ASIA
… fostering the development of Kazakhstan’s domestic steel production … local steel production capacity. Kazakhstan's steel industry … of steel products within Kazakhstan’s borders. This export … ’s value-added production. Kazakhstan's steel production …
Major Driver In Global Dosimeter Market 2024: Growth In Mining Industry Drives The Market
1732091400 from MINING
The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 20, 2024 /EINPresswire.com/ -- The Business Research Company’s …