Nornickel joins blockchain network for responsible minerals sourcing

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The move comes after Nornickel announced a strategy to use sophisticated digital technologies to create a customer-centric supply chain, which would include metal-backed tokens on the global Atomyze platform, a tokenization platform that represents physical assets in digital form. A series of Nornickel’s supply chains will be audited annually against key responsible sourcing requirements by… Read More

Hope for British Columbia’s New Prosperity project?

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That pronouncement came after the Supreme Court of Canada rejected an appeal by Taseko Mines Ltd. (TSX: TKO, NYSE: TGB) of a federal appeal court decision that rejected Taseko’s argument that the federal Environmental Assessment Agency’s denial of an environmental certificate was based on flawed engineering and environmental studies. By refusing to hear Taseko’s appeal, the Supreme Court’s decision meant  “the… Read More

Trevali to restart Caribou mine

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The Company expects to return to mining in early February 2021, with first payable zinc production expected by the end of March 2021. “Our initial two-year plan includes several enhancements which are designed to improve the mine’s economics, including the involvement of a contracted mining operator and the entry into fixed-pricing arrangements for a significant… Read More

Gold investment demand remains well supported in 2021 – report

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In its 2021 outlook report, the World Gold Council (WGC) predicts that investment demand for gold will remain well supported, while gold consumption should benefit from the nascent economic recovery especially in emerging markets.   Record year for gold Gold was one of the best performing major assets of 2020, driven by a combination of high… Read More

MINING.COM MINUTE: Biggest stories of the week

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[unable to retrieve full-text content] Judge denies Native American bid to block Rio Tinto’s copper project; Rhodium price roars above $20,000 in precious metals’ biggest rally; Rio Tinto to open North America’s first scandium plant in JuneMINING.COMRead More

Mandalay Resources reports record production in 2020

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“Costerfield was a high performing anchor asset that drove the company’s operational and financial turnaround, producing and selling record amounts of both gold and antimony for the year,” Dominic Duffy, Mandalay Resources president and CEO, said in the media brief. “The high-grade Youle vein continued to deliver excellent results in the fourth quarter of 2020,… Read More

Rio Tinto enters scandium market with plant in Quebec

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The plant will have an initial capacity to produce three tonnes of scandium oxide per year, or approximately 20% of the current global market.  Rio said it has developed a process to extract high purity scandium oxide from the waste streams of titanium dioxide production, without the need for any additional mining at its ilmenite mine in… Read More

Lucky Friday ramp-up buoys Hecla’s 2020 silver production

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The Lucky Friday ramp-up also boosted Hecla’s 2020 production of lead by 41% to a total of 34,128 tonnes, and its zinc output by 7% to 63,112 tonnes. In last year’s third quarter, Hecla increased its silver production guidance slightly to 12.8 to 13.4 million oz Hecla’s production of gold, however, fell by 23% to… Read More

The destructive force and failure of QE

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This article concludes that quantitative easing as a means of stimulating economies and financing government deficits will fail. The underlying assumption is that the transmission of additional money to non-banks in order to inflate financial assets, and to banks to cover government finances, will become too great in 2021 for it to succeed without undermining… Read More

Centerra’s gold production beats guidance

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For the full year, gold production was 824,059 ounces, which exceeded the upper end of guidance. This includes 556,136 ounces produced by the Kumtor mine, 161,855 ounces produced by the Mount Milligan mine and 106,068 ounces produced by the Öksüt mine. Production costs are expected to fall within the annual guidance range of $410 to… Read More

Largo Resources eyes US listing, shares up

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Largo is a vertically integrated vanadium producer servicing multiple market applications through the supply of its VPURE (standard-grade vanadium) and VPURE+ (high-purity vanadium) products. These are sourced from one of the world’s highest-grade vanadium deposits at the company’s Maracás Menchen mine located in Brazil. In 2020, the Maracás Menchen operation is expected to produce between 11,750… Read More

Tension in India over plan to turn Goa into coal hub

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India’s Environment Minister Prakash Javadekar cleared the projects over video conference in March, barely two weeks after the country had gone into a coronavirus lockdown. Developments include the expansion of a highway, railway and a power transmission network, which locals claim would cut through ecologically sensitive areas. “People are asking, ‘What’s in it for us?’” lawyer… Read More

Defense Metals working to upgrade Wicheeda project REE mineralization

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Seventy per cent of the estimated cost of the XRT amenability study test-work will be covered by NRC IRAP funding “Sensor-based sorting has several advantages when applied to REE mining projects in that beneficiation occurs without water and with reduced grinding requirements,” the media brief reads. “The investigation will assess how much gangue can be… Read More

Electric, Digital And Dutch Tulipsadmin

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The market value of all outstanding bitcoin has risen $580bn since the start of last year, hitting a new record this week of more than $700bn. That closely matches the trajectory of Tesla: the electric car maker has added $670bn in market cap in the same period, and is now valued at $750bn…as each soars… Read More

Galan Lithium to acquire 80% of Greenbushes South

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The project covers the southern strike projection of the geological structure that hosts Greenbushes Australian mining company IGO Limited recently signed a deal to acquire a 24.99% stake in Greenbushes from Tianqi Lithium. The project covers the southern strike projection of the geological structure that hosts Greenbushes. The project area begins approximately 3km south of… Read More

Appian CEO on principles for mining investment

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On Monday, Appian announced a significantly larger fund – $775 million and oversubscribed – which, despite the disruption caused by covid-19, has already deployed 40% of its capital. Appian’s founder and CEO Michael Scherb is an Austrian national, and started his career structuring foreign investment into China before joining the mining team at JP Morgan Cazenove in… Read More