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How ore auctions undermine market The current round has skewed the market in favour of captive users vis-a-vis merchant miners The March 2021 amendments to the MMDR Act are expected to bring in transformative reforms for the Indian mining sector. Odisha, with huge iron ore resources, has already completed the first phase of iron ore auctions in 2020 and the next lot of auction is in the offing. There are a few lessons from the previous auction. First, the 2020 auction gave rise to exorbitantly high winning bids, which are irrational and unsustainable. It witnessed bids in terms of revenue sh...

Peabody Reports Results For Quarter Ended March 31, 2021 News provided by Share this article Share this article ST. LOUIS, April 29, 2021 /PRNewswire/ -- Peabody (NYSE: BTU) today announced its first quarter 2021 operating results, including revenues of $651.3 million; loss from continuing operations, net of income taxes of $77.7 million; net loss attributable to common stockholders of $80.1 million; diluted loss per share from continuing operations of $0.79; and Adjusted EBITDA 1 of $61.1 million.  "While economies across the globe are in varying stages of recovery from the ongoing pandem...

Share this article Share this article ELKO, Nev., April 13, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, today announced it will be featured as a presenting company at the H.C. Wainwright Mining Conference. The conference is being held on April 19 – April 20, 2021 virtually. Edward Karr, founder of U.S. Gold Corp., will provide an overview of the Company's business during the live presentation. Mr. Karr and management will be available to participate in one-on-one meetings with investors who are registered to attend the c...

Share this article Share this article ELKO, Nev., April 5, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that it will hold electronic investor update webinars throughout April hosted by CEORoadshow.  Mr. Edward Karr will update attendees and USAU shareholders on the Company and will be available for questions after an initial presentation. Mr. Karr states, "In this ongoing period of tremendous volatility and uncertainty due to the COVID-19 pandemic, it is important for U.S. Gold Corp. to keep in touch ...

/EIN News/ -- LONDON, April 01, 2021 (GLOBE NEWSWIRE) -- Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) (‘Horizonte’ or ‘the Company’) the nickel company focused on Brazil, announces its final results for the year ended 31 December 2020. Highlights: Strong cash position of £10.9 million as at 31 December 2020 maintained and supplemented post year end through a £18 million placing in February 2021. Significant progress made on the overall Project Finance package for the development of Araguaia. A syndicate of five international financial institutions mandated for a US$325 million se...