Weddings of the gold rush era – by Laurel Downing Bill (KTVA.com – June 18, 2018)

June 20, 2018 in Canada Mining – North of 60, Canadian Mining History, Gold and Silver, International Media Resource Articles

http://www.ktva.com/

June was a popular month for weddings long before the Klondike gold rush. People of medieval times often took their annual baths in May, which meant a bride would still smell fresh in June. To be safe, she carried a bouquet of flowers to hide any body odor. That’s where the custom of carrying a bouquet down the aisle comes from.

Many miners who came north in search of riches may have chosen brides at the beginning of summer for practical reasons. Once the ground thawed, and a miner found a plot that showed promise, he drove stakes into the ground to lay claim to mining rights. By 1897, only one claim per person was allowed in a district.

But a loophole in the mining laws allowed married couples the right to register a separate claim in the wife’s name, thus doubling the amount of land for prospecting. So taking a wife could mean untold riches from the ground. Continue Reading →

Why Indian traders are outraging over the sale of synthetic diamonds – by MG Arun (Daily O – June 18, 2018)

June 20, 2018 in Asia Mining, Diamond Mining, International Media Resource Articles

https://www.dailyo.in/

The market for real diamonds may feel the impact.

For an industry that is still reeling under the Nirav Modi and Mehul Choksy scams, there is fresh trouble brewing. This time, it is the announcement by London-headquartered De Beers, the world’s largest diamond company with mines in Botswana, Namibia, South Africa and Canada, that it is launching a jewellery brand using synthetic diamonds in India.

A synthetic diamond (also known as an artificial diamond, cultured diamond, or cultivated diamond) is produced using an artificial process, as opposed to natural diamonds, which are created using geological processes.

A section of traders in Surat and Mumbai, two main hubs for diamond trade in India, are up in arms against the launch of synthetic diamonds in India, since they believe that such diamonds will destroy the market for real diamonds here. Continue Reading →

Mineral deposits at Voisey’s Bay ‘exquisite,’ says geology professor – by Terry Roberts (CBC News Newfoundland and Labrador -June 19, 2018)

June 20, 2018 in Canadian Media Resource Articles, Cobalt, Critical, Strategic and Rare Earth Minerals and Metals, Copper, Newfoundland and Labrador Mining, Nickel, Vale

https://www.cbc.ca/news/canada/newfoundland-labrador/

Experts call Labrador operation ‘perfect battery metals mine’

Questions about the fate of mining operations at Voisey’s Bay over the past year have been replaced by unbridled hope and enthusiasm.

A green light for a multibillion-dollar underground expansion, a lifespan extended by many years, a workforce that will nearly double, and an operation poised to capitalize on what many expect will be an explosion in the demand for electric vehicles in the coming years.

You only need to pick up a metallurgical core sample from Voisey’s Bay to understand what all the hype is about, and you don’t need to be a geologist to know you’re holding something unique. Continue Reading →

Editorial counterpoint: On mining, let’s follow facts and the law – by Anne Williamson (Minneapolis Star Tribune – June 19, 2018)

June 20, 2018 in Copper, International Media Resource Articles, Mining Conflict and Opposition, Minnesota Duluth Complex and Iron Range, Nickel

http://www.startribune.com/

Anne Williamson is vice president of environment and sustainability for Twin Metals Minnesota.

The June 10 editorial “Mining near BWCA is risky business” expressed concern about recent information released by Twin Metals Minnesota regarding the underground copper-nickel mining project in northeastern Minnesota that the company is designing.

Twin Metals recognizes environmental protection and conservation as a core value. It’s only natural. After all, we live here, grew up here and have family here. And that is why we are designing a project proposal that will meet all state and federal environmental laws and protective standards.

Twin Metals also agrees with the Star Tribune Editorial Board’s call for “agencies to conduct a rigorous, technology-driven and independent analysis” of the proposal. Continue Reading →

Miners’ big spend shows commodities optimism – by Robert Guy (Australian Financial Review – June 18, 2018)

June 19, 2018 in Australia/New Caledonia/Papua New Guinea Mining, BHP Billiton, International Media Resource Articles, Iron Ore, Rio Tinto, Zinc, Lead and Tin

https://www.afr.com/

A $2 billion acquisition spree by South32 and Gina Rinehart’s Hancock Prospecting has underscored the more upbeat outlook on commodity prices among industry heavyweights, with the scramble to buy or develop world class assets and infrastructure heating up as the world’s largest miners emerge from years of austerity.

Australia’s largest miners have moved aggressively to stamp their dominance in key commodity markets amid expectations of strong Asian economic growth over the next decade, with South32’s $1.7 billion bid for Arizona Mining heralding its intent to be a bigger player in base metals, while Hancock Prospecting’s bold $390 million bid for Atlas Iron could position Australia’s wealthiest woman as a bigger player in iron ore shipments from Port Hedland.

The big miners are slowly opening their wallets after many years of cost cutting and a focus on improving shareholder returns, as management teams look to replace aging mines, maintain production and lay the foundation for future earnings growth. Continue Reading →

Graphic: Asian coal and gas markets roar into top gear as region revs up demand – by Henning Gloystein (Reuters U.S. June 13, 2018)

June 19, 2018 in Asia Mining, Coal, International Media Resource Articles

https://www.reuters.com/

SINGAPORE (Reuters) – Thermal coal and gas prices have coursed into a bull run, propelled by particularly strong demand across Asia, where electricity consumption is surging thanks to healthy economic growth just as seasonal needs rise with the start of summer.

Spot thermal coal cargo prices for export from Australia’s Newcastle terminal last settled at $117 per tonne, the highest level since February 2012. That is up by more than 130 percent from 2016’s record lows.

Coal prices have not just been pushed up by firm demand, which has recovered from 2015 lows, but also by several mine closures and weak investment into capacity expansion. In gas markets, spot prices for Asian liquefied natural gas (LNG) are at almost $10 per million British thermal units (mmBtu) – a 2018 high, and up by 145 percent from 2016 troughs. Continue Reading →

Commodities Slide as U.S.-China Spat Hits Soy to Steelmakers – by Thomas Biesheuvel (Bloomberg News – June 19, 2018)

June 19, 2018 in Commodity Super-Cycle and Decline, International Media Resource Articles

https://www.bloomberg.com/

A rout in commodities deepened as the threat of a trade war between the world’s two biggest economies intensified, hitting markets from steelmakers to soybeans.

As the tit-for-tat trade dispute between the U.S. and China stepped up, a Bloomberg gauge of commodities fell to the lowest since early April, with agriculture being the worst hit. . Almost all raw materials fell after President Donald Trump threatened tariffs on another $200 billion of Chinese goods.

A Bloomberg agriculture index fell to the lowest since at least 1991, while global mining stocks sank to the lowest in 18 months. Industrial metals fell, with copper, nickel and zinc all giving up more than 2 percent. Continue Reading →

[Quebec Mining] Urban Barry gold camp gold explorers merge – by Esmarie Swanepoel (MiningWeekly.com – June 19, 2018)

June 19, 2018 in Abitibi Greenstone Belt, Canadian Media Resource Articles, Gold and Silver, Quebec Mining

http://www.miningweekly.com/

TSX-V-listed junior Bonterra Resources and Metanor Resources have struck a merger agreement to create an advanced Canadian gold exploration and development company.

Under the terms of the agreement, Bonterra will acquire all of the issued and outstanding shares in Metanor for C$0.73 in equity consideration, at an exchange ratio of 1.6039 Bonterra shares, for each Metanor share.

Following the acquisition, Bonterra shareholders will hold some 58% of the combined company with Metanor shareholders holding the balance. Continue Reading →

[U.S.A. Mining] Laxalt looks to intervene in case challenging EPA decision to scrap mining regulation – by Daniel Rothberg (The Nevada Independent – June 19, 2018)

June 19, 2018 in International Media Resource Articles, United States Mining

https://thenevadaindependent.com/

After the Environmental Protection Agency announced in December that it would not move forward on regulations for hardrock mines, six environmental groups took the agency to court last month, arguing that the decision could harm cleanups for mines throughout the U.S.

On Friday, 14 states, including Nevada, entered the legal fray, filing a motion to intervene in the case over whether the environmental agency was meeting its congressional mandate to require financial assurances from mining operators to clean up pollution.

The case is the latest in more than a decade of wrangling over the Comprehensive Environmental Response, Compensation and Liability Act, or CERCLA. In its decision last December, the EPA argued that the move would leave more power to states, like Nevada, which has bonding requirements for miners. Continue Reading →

Lustre may be set to return to gold mining stocks after long decline – by David Dias (Financial Post – June 19, 2018)

June 19, 2018 in Canada Mining, Canadian Media Resource Articles, Gold and Silver

http://business.financialpost.com/

After a five-year decline, beaten-down Canadian gold miners may be setting themselves up for a turnaround in 2019, analysts say, as healthier cash flows lead to more spending on exploration and development, and more attractive dividends.

The price of gold has only recently come off its bottom. From 2011 to 2013, prices peaked at around US$1,800 an ounce, before the precious metal commenced its plunge to US$1,050, ending in late 2015.

Since then, prices have come back up to around US$1,300, but those higher prices have not benefited Canadian gold mining stocks, according to analyst Andrew Kaip at BMO Capital Markets. Continue Reading →

South African Miners Say Free Carry Will Kill New Projects – by Felix Njini (Bloomberg News – June 19, 2018)

June 19, 2018 in Africa Mining, International Media Resource Articles

https://www.bloomberg.com/

The biggest threat posed by South Africa’s new Mining Charter may be to mines that haven’t been dug yet.

The draft rules, published Friday by Mineral Resources Minister Gwede Mantashe, lay out several requirements for new mining rights, including that nearby communities and employees each get a 5 percent free-carried interest in either the asset or the company that owns it. The charter is aimed at distributing the industry’s wealth more widely among South Africans to make up for racial discrimination during apartheid.

New mines are already scarce in the country, which has been mined commercially for more than a century and where producers have struggled with rising costs, regulatory uncertainty and a restive labor force. The industry argues that the free carry — which means the respective groups don’t have to buy their shares or pay their way — will make new developments even less likely. Continue Reading →

Why Arizona Mining executives want to cash out early from one of the world’s top 5 mining projects – by Gabriel Friedman (Financial Post – June 19, 2018)

June 19, 2018 in BHP Billiton, Canada Mining, Canadian Media Resource Articles, Junior Exploration Sector, United States Mining, Zinc, Lead and Tin

http://business.financialpost.com/

In one of the largest mining deals this year, the board of directors of Arizona Mining Corp., which is developing a zinc, lead and silver mine near the U.S.-Mexico border, agreed to a $1.8 billion buyout by Australia’s South32 Ltd.

The all-cash bid of $6.20 per share represents a roughly 50 per cent premium on Arizona’s Friday’s trading price — which has hovered around $4 for most of the year. The Vancouver-based company’s stock surged 48 per cent to $6.13 on the news in Toronto on Monday. South32 was down 1.6 per cent in Sydney.

The deal comes as the prices of zinc, silver and lead have been sliding, while trade tensions mount, casting doubt on global economic growth. Continue Reading →

Billboards Call Out Interior Secretary on Grand Canyon Uranium Mining – by Joseph Flaherty (Phoenix New Times – June 19, 2018)

June 19, 2018 in International Media Resource Articles, Mining Conflict and Opposition, United States Mining, Uranium and Nuclear Power Industry

http://www.phoenixnewtimes.com/

Arizona sporting groups are targeting Secretary of the Interior Ryan Zinke in a publicity campaign to head off a possible rollback of an Obama-era ban on new mining claims around the Grand Canyon.

On Monday, the Arizona Wildlife Federation and Trout Unlimited unveiled two Phoenix billboards that call on Zinke to save Grand Canyon from uranium mining, citing the industry’s hazards for water and wildlife.

The Trump administration has signaled that it may revisit the Interior Department’s 2012 moratorium on new mining claims, known as a mineral withdrawal, that protects over 1 million acres of public lands for 20 years. (Existing mining claims were not affected.) Ending the moratorium “just doesn’t pass the common-sense test,” said Scott Garlid, the conservation director for the AWF. Continue Reading →

Cleantech’s next heat wave could come from Smarter Alloys – by Tyler Hamilton (Globe and Mail – April 18, 2018)

June 19, 2018 in Canadian Media Resource Articles, Metals and Manufacturing, Nickel, Nickel Laterites

https://www.theglobeandmail.com/

Tyler Hamilton works with cleantech companies from across Canada as an adviser with the non-profit MaRS Discovery District in Toronto.

When we burn fuel to power vehicles and machinery, drive industrial processes or generate electricity, most of the energy in this fuel is dumped into the atmosphere as heat.

In one 2016 study, German researchers estimated that 72 per cent of global primary energy consumption – that is, using coal, oil, natural gas and uranium as fuel – is lost as waste heat. Most of this heat is rated “low grade,” meaning it’s less than 100 C.

It includes the heat emitted from data centre server farms and the warm air that flows out the back of your kitchen refrigerator or air conditioner. Continue Reading →

Australia’s Atlas gives Mineral Resources three days to match Rinehart bid – by Staff (Reuters U.S. – June 18, 2018)

June 19, 2018 in Australia/New Caledonia/Papua New Guinea Mining, International Media Resource Articles, Iron Ore

https://www.reuters.com/

(Reuters) – Australian iron ore miner Atlas Iron (AGO.AX) said on Tuesday that it would give Mineral Resources (MIN.AX) three business days to match a buyout offer made from Hancock Prospecting.

Australian billionaire Gina Rinehart’s Hancock Prospecting and mining services group Mineral Resources are waging a bidding battle for Atlas, which operates in the iron ore rich Pilbara region of Western Australia and has undeveloped tenements.

Hancock had offered A$0.042 per Atlas share, or A$390 million ($289 million) on Monday, substantially more than Mineral Resources’ A$280 million offer made in April. Hancock said last week it had built up a 19.96 percent stake in Atlas. Continue Reading →