More than 55 billion metric tonnes of resources are consumed each year and that figure is growing as rising urbanisation and the world's growing middle classes devour more minerals as they strive for better living standards.Janice Zinck, a director at Canmet MINING, the research, development and innovation incubator of Natural Resources Canada, told the inaugural Resources for Future Generations c...Read More
SHANGHAI, Jun 19 (SMM) – Import tariffs for certain types of vehicles imported from the US will be raised to 40% from July 6, according to the State Council.The announcement, made earlier this week by the commission of tariffs and customs, was part of an additional 25% new tariff on $34 billion worth of US goods in response to Washington’s decision to slap new tariffs on $50...Read More
Two recent policy shifts for solar and wind in China come as a short-term pain for the global market but could accelerate grid parity and improve technology innovation in future.Met with shock from solar businesses around the world, the Chinese government terminated approval of subsidised utility-scale PV power stations in 2018 and capped distributed projects at 10GW. The ruling caused immediate r...Read More
Two recent policy shifts for solar and wind in China come as a short-term pain for the global market but could accelerate grid parity and improve technology innovation in future.Met with shock from solar businesses around the world, the Chinese government terminated approval of subsidised utility-scale PV power stations in 2018 and capped distributed projects at 10GW. The ruling caused immediate r...Read More
Two recent policy shifts for solar and wind in China come as a short-term pain for the global market but could accelerate grid parity and improve technology innovation in future.Met with shock from solar businesses around the world, the Chinese government terminated approval of subsidised utility-scale PV power stations in 2018 and capped distributed projects at 10GW. The ruling caused immediate r...Read More
Two recent policy shifts for solar and wind in China come as a short-term pain for the global market but could accelerate grid parity and improve technology innovation in future.Met with shock from solar businesses around the world, the Chinese government terminated approval of subsidised utility-scale PV power stations in 2018 and capped distributed projects at 10GW. The ruling caused immediate r...Read More
ICE, ICE babyCopper prices retreated again on Monday to $3.09 a pound or $6,830 a tonne, bringing losses for the bellwether metal over the past week to nearly 6%. Two weeks ago copper touched the highest levels since January 2014.Worries about the impact of a trade war between the US and China, which is responsible for nearly half the world's industrial metal demand, are behind the pullback, but l...Read More
More than 30 Chinese companies active in the Democratic Republic of Congo formed a business association backed by both countries' governments, further cementing China's ascendancy in copper and cobalt production in the central African nation.The 35-member Union of Mining Companies with Chinese Capital will facilitate "communication and exchange between the Chinese mining companies and the governme...Read More
MADURAI, India, June 18 (Reuters) - A minor leak has been detected in the sulphuric acid storage plant in Vedanta's VED.L south Indian copper smelter, a government official said on Sunday, about a month after the state ordered its shutdown after protests in which 13 people died.Police opened fire on a crowd of protesters on May 22 calling for the shutdown on the grounds of pollution. The Tamil Nad...Read More
Investing.com - Federal Reserve tightening looks likely to remain a strong headwind for gold in the coming week after the precious metal tumbled on Friday to mark the lowest settlement since December, well below the psychologically important $1,300 level.The diverging monetary policy outlook between the Federal Reserve and the European Central Bank is likely to underpin dollar demand. A stronger U...Read More
Fed week is exciting for some. Gold bulls and bugs alike hope the Fed will do something or say something that will trigger a huge move in precious metals. It doesn't work like that. The Fed follows the market, which for the Fed Funds rate (FFR) is the 2-year yield. The 2-year yield has been screaming higher over the past 12 months and it implies at least another two rate hikes in the future. That'...Read More
Desert Hawk is a US subsidiary of Meadow Bay Gold Corp (CSE: MAY), which owns the Atlanta project said to have produced 110,000 ounces of gold and 800,000oz of silver between 1975-1985.Read More
Among the highlights, TMAC hit 0.66m at 2,710g/t gold, within a broader 7.1m at 261.4g/t at Doris North BTD; and 50m at 12.9g/t at Madrid North.The company said despite only C$8 million (US$6 million) budgeted for drilling in 2018, it had reported "significant success thus far".The same day, TMAC also announced record processing plant results at Hope Bay for May and plans to improve its balance sh...Read More
Atlas shares closed at 3.6c on Friday and traded as high as 4.6c last Wednesday amid corporate interest by Mineral Resources, Hancock and Fortescue Metals Group.Hancock said its offer represented a superior value proposal for Atlas shareholders relative to the previously announced scrip takeover by Mineral Resources, representing a 41% premium to the implied value of the MinRes proposal as of clos...Read More
In an exclusive interview with Mining Journal, Russian-born businessman and Chaarat director Artem Volynets said he hoped Centerra management "will take its head out of the sand and start negotiating".Read More
The mining sector on London's FTSE100 index ended more than 4% lower on Friday.Among the diversifieds, Rio Tinto (LSE: RIO) had closed down 4.15%, Glencore (LSE: GLEN) was down 4.32% and Anglo American (LSE: AAL) was 4.24% lower.Gold miner Randgold Resources (LSE: RRS) also fell, closing down 3.94%, and copper producer Antofagasta (LSE:ANTO) was off 4.13%.BHP was less impacted in Australian trade...Read More
Lucapa and its partners, Empresa Nacional de Diamantes and Rosas & Petalas, said the sale of the alluvial diamonds recovered from mining blocks four and six generated an average price of $1,150 per carat.The sale took the gross sales proceeds from Lulo so far this year to $15.9 million at an average price of $1,642/ct.The sale excluded a number of large white specials stones and a coloured spe...Read More
According to Credit Suisse's analysis, a potential 1.6 million tonnes of additional copper production is on the cards from significant development in the period 2020-2022, an amount that's somewhere in the order of double what was previously being factored-in for that timeframe.Read More
The industry has been given 30 days to comment on it before it is gazetted, with a summit to be held in two weeks' time to discuss the draft.Read More
"The thing we don't do well, and we would be better prepared if we improved in this area, is collaboration," he told Mining Journal.The 56-year-old is one of the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" being published this month."We still very much row our own boats," he explained."But the speed at which collaboration ca...Read More