News
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AWARDS: Fifteen finalists in run for Bauma innovation prizes
MUNICH, Germany – Having narrowed the field of 138 down to the final 15, the organizers of the Bauma Innovation Award 2019 introduced them to business journalists who had the opportunity to vote for the winners. The finalists have already…
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TECHNOLOGY: CEMI looks to South America for innovation partner
PERU – Dr. Moises Ronald Vázquez Caicedo Ayras, president of the Universidad Nacional del Centro del Peru (UNCP) and Douglas Morrison, president and CEO of the Centre for Excellence in Mining Innovation (CEMI) are taking the first steps in developing…
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DRILLS: Anglo American orders Epiroc for new mine in Peru
STOCKHOLM – Epiroc AB has been awarded a significant order from Anglo American for its new copper mine in Peru. The miner has ordered multiple drill rigs and related equipment to be used at its new Quellaveco open pit copper…
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Bluestone tables feasibility study at Cerro Blanco
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has tabled a feasibility study for its Cerro Blanco gold project in Guatemala that states the project would produce 902,000 oz. of gold over an eight-year mine life. It would cost an initial US$196 million…
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DIAMONDS: Diamond prices sliding – report
NEW YORK – A report made public Feb. 5 by Rapaport reveals that polished diamond prices softened in January, with 1-carat stones falling by 0.4% last month and 1.8% compared to January 2018, while 3-carat gems fell by 1.8% last…
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IRON ORE: Vale declares force majeure
RIO DE JANEIRO – Vale has declared force majeure on a series of iron ore and pellets sales contracts after a Brazilian state court ordered it to suspend production from its Brucutu mine in the state Minas Gerais. The court order…
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GOLD: McEwen says Gold Bar will make first pour this month
NEVADA – Construction of the Gold Bar mine near Eureka is on time and on budget. Owner McEwen Mining of Toronto says the first gold pour will happen this month, and the $81.4 million budget has not increased. Commercial production…
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GOLD: Gold Fields plans mega solar power plant at Grannie Smith
WESTERN AUSTRALIA – South African-based Gold Fields has announced plans to build one of the world’s largest solar power and battery facilities at its Granny Smith gold mine 400 km northeast of Kalgoorlie. The system will be powered by more…
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SILVER: Outlook brightens for 2019 says Silver Institute
WASHINGTON, DC – Last year was disappointing, but the Silver Institute is predicting a “more supportive” climate for silver this year. Sales of the U.S. Mint’s American Eagle coins rose 12% in January 2019, compared to the same month a…
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SECURITY: Siemens Canada joins Canadian Institute for Cybersecurity
FREDERICTON, N.B. – Siemens Canada announced its corporate membership with the Canadian Institute for Cybersecurity (CIC) housed at the University of New Brunswick. In May 2018, Siemens announced the creation of a Cybersecurity Centre in Fredericton with support from OpportunitiesNB (ONB). The centre is…
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UxC’s Nick Carter expects uranium’s ‘gradual upward movement’
Nicolas Carter is an executive vice-president of uranium at UxC LLC, one of the nuclear industry’s market research and analysis companies. Carter has 21 years of nuclear industry experience. He manages and coordinates uranium consulting projects and products, including The Ux…
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LITHIUM: Lithium Energy Products wants to buy fluorite operation
UTAH – Vancouver-based Lithium Energy Products announced that it entered into a binding letter of intention with American Strategic Minerals to acquire 100% of its assets, including the Lost Sheep fluorite mine in Juab County, Utah. In a press release, LEP…
