Teresa had an early introduction to mining through her father’s career as a geophysicist. As a toddler, she was carted through interior British Columbia to various mineral exploration sites, including what eventually became Hedley’s Mascot Gold Mine. Her father changed careers long ago, but Teresa retained an interest in geology, and is keen to learn more about the different factors affecting resource commodity markets.
An avid writer and voracious reader, Teresa recently graduated from the University of British Columbia where she majored in English Literature. Since then she has pursued writing in many forms, including novel writing, freelance ghost writing, and blogging for The Breakfast Courier, a startup company in Vancouver. When she is not writing, Teresa can be found on the ski hill or volunteering in local schools.
Callinex Mines (TSXV:CNX) has completed phase 1 of a previously announced 4,000 meter drill campaign. Two of the five holes drilled intersected high-grade copper mineralization, with one hole intersecting 18.1 meters of 5.5 percent copper equivalent over a broader interval of 44.2 meters of 4 percent copper equivalent.
Saturn Minerals (TSXV:SMI) has been granted a permit to drill an oil well at its Bannock Creek property in Saskatchewan. The company has contracted West Rock Energy Consultants for logistical support and for its drilling program.
China’s Ministry of Finance confirmed plans to eliminate export tariffs on rare earths, tungsten and molybdenum, effective May 1, 2015. According to Shanghai Metals Market, China previously imposed export duties of 15 to 25 percent on rare earth products.
On Thursday, dual-listed Heron Resources released a PEA for its Woodlawn zinc-copper project in New South Wales, Australia, and the results are positive to say the least. The mine is anticipated to garner initial capital costs of AU$140 million for a post-tax NPV of $300 million and an IRR of 46 percent with a payback period of two years.
Antofagasta (LSE:ANTO) announced Thursday that it would sell its water division, Aguas de Antofagasta S.A. to Empresas Públicas de Medellín for $960 million before taxes and transaction costs. CIBC world markets stated in a note that it believed the sale “will allow the company to focus on its core business of mining and the improved balance sheet strength adds flexibility on how it advances its development projects.”
Paul Gill of Lomiko Metals and Graphene Energy Storage Devices discusses the use of graphene in manufacturing and energy storage applications. He also talks about what could be in store for the graphene market in the future.
Formation Metals (TSX:FCO) announced results of a preliminary economic assessment (PEA) for its Idaho Cobalt project, comprised of a mine and mill located outside the town of Salmon in Lemhi County, Idaho as well as a cobalt production refining facility along a railroad in southern Idaho.
Australia’s Newcastle Port, the largest coal port in the world, has been closed since Monday due to severe storms on the east coast of the country. The price of thermal coal for delivery next month from Newcastle has gone up 10 percent, to $68 per tonne, on the back of delays expected due to the storm.