Saturday, June 24, 2017

c) Mining Equities

Lacking significant catalyst, Redstar Gold jumps 12% on 15x volumes

Lacking significant catalyst, Redstar Gold jumps 12% on 15x volumes Alaska-focused junior recently started drilling Unga project Andrew Topf | Jun. 15, 2017, 8:40 PM | | The junior mining market suddenly...

Crystallex moves forward in legal dispute with Venezuela

A court in the U.S. District of Columbia is allowing Canadian Crystallex the possibility of advancing in a legal dispute against Venezuela, following the expropriation of its assets in Las Cristinas...

More than 1,500 workers fired at Sibanye’s Cooke mine over strike

Sibanye Gold (JSE:SGL) (NYSE:SBGL), South Africa's largest producer of the precious metal, fired Thursday more than 1,500 workers taking part in a now 9-day strike at its Cooke mine. The Johannesburg-listed company,...

South Africa just hiked black ownership rules, miners getting crushed

Mining companies operating in South Africa, including Anglo American (LON:AAL) and Sibanye Gold (JSE:SGL) (NYSE:SBGL), saw their stock collapse Thursday after the country’s goverment increased the minimum black ownership requirement for local...

Gemfields beats own ruby sales record at Singapore auction

Emeralds and rubies miner Gemfields (LON:GEM), currently a takeover target from Chinese and South African interests, said Thursday it achieved record revenues from its latest auction of rough rubies. The miner is currently a takeover...

Chilean mining minister responds to criticism over miners’ rescue

Following mounting criticism by labour unions and the public, Chile’s Mining Minister, Aurora Williams, spoke today about the government’s efforts to rescue two miners who have been trapped for six days...

Gold shrugs off U.S. rate hike

Gold shrugs off U.S. rate hike Quarter-percent increase drags gold down just under $3.50 Andrew Topf | Jun. 14, 2017, 4:08 PM | | Financial markets and gold investors were jittery at...

Argentina passes mining act expected to create 125,000 new jobs

Argentina's federal government and the governors of 20 out of 23 provinces have signed a long-awaited mining deal that harmonizes taxes and regulations, in a move aimed at jump-starting investment in the sector. The...

Tanzania says Barrick to pay money owed by Acacia to Gov’t

Shares in Acacia Mining (LON:ACA) shot up Wednesday after Tanzania’s President said parent company Barrick Gold (TSX, NYSE:ABX) is willing to reimburse money that’s owed to the government. Barrick, which holds a...

China's Fosun spices up battle for Gemfields with 10% bid premium

Actress Mila Kunis is Gemfields’ brand ambassador. (Photo by Mario Sorrenti. Courtesy of Gemfields.) Emeralds and rubies miner Gemfields (LON:GEM) may become the centre of a bidding war as China’s Fosun International has approached the...

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