Gold investments drove price and demand growth – WGC

MINEX FORUM | February 3, 2017
img0 Image: inzoloto.ru World Gold Council published its report “Gold Demand Trends”. A four-year high in investment drove price gains and demand growth. 2016 full-year gold demand gained 2% to reach a 3-year high of 4,308.7t. Annual inflows into ETFs reached 531.9t, the second highest on record. Declines in jewellery and central bank purchases offset this growth. ...

Erdene Resource Development increases the offer to CAD$12 M

MINEX FORUM | February 1, 2017
img0 Erdene Resource Development Corp. (TSX:ERD) announced that due to strong demand, it has amended the terms of its previously announced bought deal financing to increase the size of the offering from C$10,000,760 to C$12,000,000. The Company has entered into an amended agreement whereby Paradigm Capital Inc. as lead underwriter and Canaccord Genuity Group Inc. have ...

Stans Energy to try win back compensations from Kyrgyzstan in UN Permanent Court of Arbitration

MINEX FORUM | January 30, 2017
img0 Canadian-based rare earths and lithium junior Stans Energy (TSX-V:HRE), said the UN Permanent Court of Arbitration won’t dismiss its claim for compensation from the Kyrgyz Republic for revoking its mining licences in 2014, mining.com said. The decision means the $210 million arbitration against the Kyrgyz Republic will advance to the merits stage, the company said. “We ...

Caterpillar expands its driverless technologies to other brands

MINEX FORUM | January 20, 2017
img0 Caterpillar is developing autonomous mining truck technology for an expanded range of models, including other brands, miningglobal.com reported. At a recent Cat® MineStar™ Command for hauling demonstration at the company’s facility in Arizona, Caterpillar announced a project to adapt hardware and software for retrofitting the Komatsu 930E mining truck with Cat autonomous technology. This interoperability ...

Rio Tinto decreased copper production in Indonesia, US and Mongolia. An outlook is uncertain

MINEX FORUM | January 19, 2017
img0 Image: mining.com Rio Tinto has missed 2016 copper production guidance because of problems at Indonesian, US and Mongolian mines, resulting in an uncertain production outlook for this year, just as prices of the industrial metal show signs of recovery, theaustralian.com.au reported. In its fourth quarter production report released this morning, the mining giant (RIO) logged full-year ...