One of China's top commodity traders, Tewoo Group, is selling copper at below market rates as it grapples with a liquidity crunch, according to people with knowledge of the matter. The company, which is owned by the local Tianjin government, is offloading some refined copper stocked in bonded zones as it unwinds financing deals with some banks, said the people, who asked not to be identified as th...Read More
Global miner Anglo American (LON: AAL) will abandon plans to expand its Los Bronces copper mine in Chile if any potential damage to the nearby glaciers and ground water is identified.The company, which is preparing an environmental impact assessment for the $3 billion project, says all data collected so far proves it can go ahead with the expansion without causing any harm to the environment.The...Read More
Students at the University of British Columbia's Norman B. Keevil Institute of Mining Engineering are partnering with tech company Riivos Inc. to design their Mine and Plant Feasibility Study capstone projects.The projects are part of their required courses and in order to complete them, the students are using a Riivos-built mining financial technology software that allows them to quickly and easi...Read More
Look beyond market approach to project valuations: van ZylLeadershipAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpBased on "a rapid first-pass appraisal", the Cobre Panama developer had indic...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumWEBINAR: Six Steps to Enable Your Technology Vision for EHSSPONSOREDisometrixRather than a continuation of boom-like conditions which made lithium the world's hottest commodity two years ago a surge in production to meet optimistic demand forecast...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpThe highlight of the seven holes drilled was 7.3m at 0.18% copper and 3.22g/t gold, or 2.39...Read More
Eastern promise for PolarXSPONSOREDpolarxThe plkant was successfully commissioned under budget for US$500,000, according to executive chairman Nick von Schirnding. Arc previously commissioned the 10,000 tonnes per month front-end of the plant, including two crusher units, screens, ball mill and conveyors, in December.Eastern promise for PolarXSPONSOREDpolarxArc is now busy finalising det...Read More
Eastern promise for PolarXSPONSOREDpolarx"We want to assure Chile is a leader in the discovery of new deposits and position it as an attractive destination for investment by juniors, facilitate their financing in the local market and openRead More
Eastern promise for PolarXSPONSOREDpolarx"[Brownfield] expansions will keep pace with demand until early next decade ... but as demand increases to 22.5Mt by 2025 the gap will be 2.Read More
Following a mediation session led by representatives of Peru's national government, Indigenous leaders and executives from Minera Las Bambas, a subsidiary of China's MMG, reached an agreement that puts an end to a 2-month long conflict at Las Bambas copper mine.Both the miner and the community expressed their willingness to sit down and solve the conflict by revisiting the terms of a series of agr...Read More
Management at Chilean miner Antofagasta Plc. (LON: ANTO) was able to secure this week full funding for the expansion project of its flagship Los Pelambres copper mine.The operation, located about 200 kilometres north of Chile's capital Santiago is responsible for about half of the company's total copper output, which this year is expected to be somewhere between 750,000 and 790,000 tonnes of the r...Read More
Eastern promise for PolarXSPONSOREDpolarxMarimaca is rapidly advancing to become one of the most significant copper discoveries in Chile in recent years as Coro now adds scale to its other known advantages of high-grade and location.Read More
Eastern promise for PolarXSPONSOREDpolarxThe Toronto-based company said Friday despite Waterton's "refusal to engage constructively", the board remained committed to "responsible renewal" and recommended shareholders voted for three new directors, including Hudbay's nominee Richard Howes and two Waterton nominees Mike Anglin and David Smith to replace two departing directors.Directors Warren Holme...Read More
Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018, totalling $93 billion, and is likely to top $100 billion as more data become...Read More
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) reported a jump in resource tonnes and ounces exclusive of reserves at its Lindero gold project in Argentina and estimates the project will produce between 145,000 and 160,000 ounces of gold in its first year of commercial production.The company reported measured and indicated resources for Lindero of 18.9 million tonnes (a 51% increase over earlier esti...Read More
Copper producers must collectively raise their game to improve the metal's ethical and green credentials as ageing mines require more water and energy to produce the same amount of metal, one of BHP's most senior executives said on Friday.Many in the industry have emphasized the importance of copper in the quest for a lower carbon economy as its properties as an electricity conductor hand it a lea...Read More
ULAANBAATAR - A group of Mongolian legislators has recommended one of the agreements underpinning Rio Tinto's Oyu Tolgoi copper mine should be scrapped and another changed, adding to the giant project's political problems.The Gobi desert copper deposit promises to become one of Rio Tinto's most lucrative properties, but it has been subject to repeated challenges from politicians who argue the spoi...Read More
The Investor Mining & Tailings Safety Initiative has requested that over 600 resource companies, including major miners, reveal the safety records of their waste storage facilities, following the collapse of Vale's Brumadinho dam in Brazil in January, which killed hundreds.Following the disaster, a group of 96 institutional investors (representing more than $10.3 trillion assets under managemen...Read More
Eastern promise for PolarXSPONSOREDpolarxThis was the primary finding of research commissioned by the International Copper Association (ICA) and carried out by DMM Advisory Group.Read More
Not-so-good news about higher costs and capex estimates in an updated prefeasibility study this week for Alacer Gold Corp.'s (TSX: ASR; ASX: AQG) Gediktepe project in Turkey were partly offset by good news of a 117% jump in the project's indicated resource.Gediktepe's Ardich deposit is about six km northeast of Alacer's 80%-owned ????pler open-pit mine and is the company's highest priority develop...Read More