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Junior capitalization up 6% in year ended June 30

Junior capitalization up 6% in year ended June 30

PwC Canada has taken its annual look at market capitalization for 100 junior miners and found a 6% increase to $12.9 billion for the 12-month period ending June 30, 2018, compared to a year earlier. Looking at 987 companies in the broader mining...

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This one Congo project could supply the world with lithium

This one Congo project could supply the world with lithium

AVZ Minerals’ Manono became the world’s largest non-brine lithium resource after the Perth-based company released the maiden estimate for its 60%-owned project in southern DRC in August this year. At the end of November, AVZ published the results...

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Aura Resources optimistic about Arizona gold project

Aura Resources optimistic about Arizona gold project

Before the end of the year, Aura Resources (TSXV: AUU) decided to share its plans for the Gold Chain project, which the Ontario miner acquired last July. In a press release, the company said that as soon as 2019 kicks off, they want to start...

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Vale says recent dip in global steel prices is temporary

Vale says recent dip in global steel prices is temporary

Brazil’s Vale, the world’s largest iron ore miner, said on Thursday a recent dip in global steel prices is temporary due to overproduction in China ahead of winter output cuts. Vale Chief Executive Fabio Schvartsman told investors in...

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Brazil to auction 20,000 mining areas in first half 2019

Brazil to auction 20,000 mining areas in first half 2019

Brazil plans to auction off roughly 20,000 areas for mining exploration in the first half of 2019, Victor Bicca, the head of the National Mining Agency (ANM), said on Thursday. The exploration rights for the areas were taken back by the...

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Barrick selling research and development firm AuTec

Barrick selling research and development firm AuTec

Canada’s Barrick Gold (ASX, NYSE:ABX), the world’s No.1 gold miner, is selling research and development company AuTec and laying off executives hired to lead what the Toronto-based company had called its “digital reinvention.” Barrick...

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Lucapa kicks off commercial production at Mothae diamond mine

Lucapa kicks off commercial production at Mothae diamond mine

Australia’s Lucapa Diamond (ASX:LOM) has begun commercial production at its 70%-owned Mothae mine in Lesotho, which it acquired in early 2017. The operation will add to the Perth-based company annual output, until now on depending on just one...

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Resource Weekly 328 – US crude rises 4%, settling at $52.95, on trade truce and expected supply cuts

Resource Weekly 328 – US crude rises 4%, settling at $52.95, on trade truce and expected supply cuts

  Click here to find more details This is NAI’s new Resource Weekly. We will be covering the latest news in Mining, and Oil and Gas sectors every week. To continue to receive NAI’s Resource Weekly, please click Here to subscribe.

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Teck chooses Sumitomo to develop Chilean copper project in $1.2B deal

Teck chooses Sumitomo to develop Chilean copper project in $1.2B deal

Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada’s largest diversified miner, has chosen Japan’s Sumitomo as partner to go ahead with a planned $4.8 billion expansion of the Quebrada Blanca copper mine in northern Chile. Sumitomo Metal...

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DRDGOLD begins first phase of Far West tailings project

DRDGOLD begins first phase of Far West tailings project

South Africa’s DRDGOLD Ltd (JSE, NYSE:DRD) will commission this Thursday the first phase of the Far West Gold Recoveries project (FWGR) in West Rand, one of the assets it exchanged with precious metals producer Sibanye-Stillwater (JSE:SGL)...

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Nautilus setting JV to secure support vessels for Solwara 1 project

Nautilus setting JV to secure support vessels for Solwara 1 project

Shares in Canada’s Nautilus Minerals (TSX:NUS), one of the world’s first seafloor miners, climbed more than 10% on Monday as the company disclosed is negotiating the terms of an agreement with arm’s length third parties that would...

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