Chinese burn fingers in the Pilbara
“This is no longer about commercial goals. It is about Chinese machismo. They have plonked down too much money to pull out now.”
“This is no longer about commercial goals. It is about Chinese machismo. They have plonked down too much money to pull out now.”
While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.
Chile’s government decision to privatize the country’s lithium, announced last week, has the country immersed in a heated debate over who has the right to exploit the vast reserves of the so called “white gold” mineral.
The mining sector's bellwether companies were all beaten down on Thursday as the price of metals and minerals continued to slide and economic indicators from across the globe painted a bleak picture for the mining industry.
The company's announcement of hitting gold and silver sections in Argentina sends stock price up 18%.
The American-based uranium miner has found a new deposit at the Powder River basin in Wyoming.
Besieged Baja Mining (TSX:BAJ) added another 14% on Wednesday following good gains the day before to trade at $0.205 after announcing it had negotiated a 45-day standstill agreement with lenders for its Boleo project.
Brazil's lower house mining and energy commission has rejected 10% export tax on all iron ore exported by local miners, but Standard & Poor warns permitting and infrastructure issues are threatening the country’ iron ore expansions.
Gunpoint Exploration has entered into an agreement with Chesapeake Gold to acquire a 100% interest in Chesapeake's El Escorpion silver project in eastern Guatemala.
Drilling is to commence at the company's Nevada-based Root Spring gold and silver project, located 25 km east of Coeur d'Alene Mines' open pit silver-gold mine, which has recorded production of 125 million ounces of silver and more than 1.2 million ounces of gold.