Fresh blow to world’s largest mining project
World Bank pulls out of $20 billion Simandou iron ore project in Guinea, West Africa.
World Bank pulls out of $20 billion Simandou iron ore project in Guinea, West Africa.
Gold futures and options speculators added 38% to bearish bets on gold price ahead of last Tuesday's crash through $1,300 an ounce.
Thuthukani Consulting Engineers teamed up with Fermel to design and manufacture the electric traction system for Fermel’s new 25 ton electric hauler. The development of the system has led to breakthroughs in battery management and electric drive technology, and most importantly, in zero emissions mining technology.
Eric Sprott backed the company with a $20 million financing in August.
Lithium companies continue to lead the stock market. While the TSX Composite gained about 13% year-to-date and S&P 500 scored a mere 6.4%, lithium companies grew by a stunning 24%.
The company had halted production in June following a government inspection that led to a row over work permits, but work resumed in August.
The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.
The new MICHELIN XDR3 responds to the needs of mine operators by incorporating three key innovations
Rudi Fronk and Jim Anthony, co-founders of Seabridge Gold, discuss Deutsche Bank's latest movements and what a bailout could look like.
Vale reworks agreement with Japan's Mitsui that could breathe new life into $4.4 billion expansion of Moatize mine and railway in Southern African nation.