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Stoppage at Newmont Goldcorp mine costs Mexico millions daily - Minister

By: Reuters     24th May 2019 Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a Mexican Minister said on Thursday, urging a solution that will restart operations. Speaking to reporters in Mexico City, Francisco Quiroga, the... 

Fresnillo warns of 'more challenging' 2019

By: Reuters     21st May 2019 Fresnillo said on Tuesday the current year would be more challenging than 2018 as a number of industry variables were "working against" the precious metals miner. The company, which posted a 15% drop in first-quarter silver production last month, said it was "disappointed" not to meet its... 

Bacanora to bring in China’s Ganfeng as partner in Mexico lithium project

By: Simone Liedtke     20th May 2019 Aim-listed Bacanora Lithium has signed a non-binding heads of terms with China lithium producer Ganfeng for a strategic investment in both the company and its flagship Sonora lithium project, in Mexico. Completion of the strategic investment would form a major part of Bacanora’s finance package... 

Sierra Metals still expects to meet 2019 guidance despite strike

By: Marleny Arnoldi     14th May 2019 Despite losing 12 days of production to an illegal strike at the Yauricocha mine, in Peru, and reporting a slower-than-expected ramp up of throughput at its Mexico mines, Sierra Metals still expects to achieve its 2019 production guidance, CEO Igor Gonzales said on Tuesday. The TSX-listed miner... 

Indian crude oil import dependency surges to 84%

By: Ajoy K Das     9th May 2019 Rising consumption and falling domestic production has increased India’s crude oil import dependency to 83.7% during 2018/19, compared with 82.9% during previous financial year, data from Petroleum and Natural Gas Ministry has showed. Despite Prime Minister Narendra Modi’s ostensible target to... 

New Gold restarts Rainy River

By: Creamer Media Reporter      6th May 2019 Intermediate gold miner New Gold has restarted milling operations at its Rainy River operation after a temporary shutdown to tackle excess water in the tailings management area (TMA). The mill was shut down on April 24 and was rest started late in the afternoon on Friday. 

Difficult start to the year for Endeavour Silver

By: Mariaan Webb     6th May 2019 Midtier miner Endeavour Silver, which owns four underground silver/gold mines in Mexico, has initiated a range of short- and long-term actions aimed at conserving cash and turning around the weak performance of the first quarter. The NYSE- and TSX-listed miner on Monday reported a 28% decrease... 

IEA says world cannot ‘press pause’ on renewables, as capacity growth stalls  

By: Terence Creamer     6th May 2019 The International Energy Agency has expressed concern over the “unexpected flattening” of renewable-energy capacity additions in 2018, which, at 180 GW, remained in line with additions recorded in 2017. It was the first time since 2001 that year-on-year additions of renewable energy failed to... 

Leagold pencils in starting dates for growth projects

By: Mariaan Webb     6th May 2019 Vancouver-headquartered Leagold has announced the proposed scheduling for the expansion of its Los Filos mine and for the construction of the Santa Luz project, as it arranged $400-million in financing. Leagold’s development plan for the fully-funded Los Filos expansion, in Brazil, has been... 

Eni to focus on saving African forests to offset CO2 emissions

By: Bloomberg     3rd May 2019 Eni's plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation. The project is part of the Italian energy giant’s goal of removing the equivalent of 20-million tons a year of carbon dioxide (CO2) from the atmosphere by 2030.... 

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