Libero issued shares, worth about C$936,000 (US$710,000) comprising a 19% stake in the junior, and a 2% net smelter returns royalty to B2Gold for 100% of the project.Mocoa has an in-pit inferred resource of 636 million tonnes at 0.33% copper and 0.036% molybdenum, or 0.45% copper-equivalent, for 6.31Blb CuEq.Libero said Mocoa was near the Ecuador border and was discovered in 1973 when the United N...Read More
CALGARY, Alberta, June 18, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”), raising aggregate gross proceeds of $1,200,000 through the sale of 12,000,000 units (each a “Unit”) at a...Read More
The company's shares started trading on the Nasdaq Stockholm Monday, less than two months after Atlas Copco shareholders voted to spin out the mining equipment and infrastructure businesses at the company's April 24 annual general meeting.The split had been planned for about a year, with Atlas Copco shareholders each receiving one Epiroc share for each of their Atlas Copco shares.Epiroc said its t...Read More
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The Minerals Council South Africa, an industry lobby group, said on Sunday it does not support some elements in the latest draft of an industry charter, including a stipulation that one percent of core profit is paid to communities and employees.South Africa plans to raise black ownership at permit-holding mining companies to 30 percent from 26 percent within five years, the draft showed on Friday...Read More
South Africa's Mineral Resources Minister Gwede Mantashe said on Sunday that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mining sites. To date, #SibanyeStillwater operations are responsible for 20 of the 45 fatalities reported since the beginning of the year. It, therefore, cannot be business as usual in how the Regula...Read More
The U.S. Environmental Protection Agency is planning to dredge contaminated sediment from streambeds and dig ditches to divert water away from tainted rocks and soil, in an effort to clean up wastewater flowing from 26 old mines in southwestern Colorado.According to the Associated Press, such efforts are part of an interim plan the EPA is advancing with the idea of keeping toxic heavy metals from...Read More
(Bloomberg) -- If mining companies are as bothered by Trump’s tariffs as investors appear to be, they’re not saying.A full-out trade war between the U.S. and China could negatively affect the metals and mining sector in several ways. China could respond to Friday’s U.S. tariffs by cutting imports of raw materials, hurting corporate revenue and weighing on metals prices.If it also...Read More
* FTSE 100 down 1.5 pct* $50 bln U.S. tariffs on Chinese imports end post-ECB rally* Miners, oil majors, bank stocks sink* Rolls Royce revs up 7.6 pct to 4-year high* Tesco up 2 pct on sales results* Indivior sinks 20 pct on generic drug threat (Updates prices, adds details, quotes)By Helen ReidLONDON, June 15 (Reuters) - An escalating U.S.-China trade spat sent UK stocks tumbling on Friday, sin...Read More
Investing.com - Gold prices slid in midmorning trade on Friday, hitting its lowest level so far this year despite news that the U.S. was pushing forward with tariffs on an additional $50 billion in Chinese goods.At 10:47AM ET (14:47GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell $25.70, or 2.0%, to $1,282.60 a troy ounce. That was close to an i...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.5 pct* Set for strongest in five weeks* Rolls Royce revs up 10 pct to 4-year high* Tesco up 2 pct on sales results* Indivior sinks 16 pct on generic drug threatBy Helen ReidLONDON, June 15 (Reuters) - Rolls-Royce was the bright spot on a falling FTSE 100 on Friday as energy and banking stocks tumbled, while...Read More
Investing.com - Gold prices traded lower in morning European trade but remained on track to register a second consecutive weekly gain as investors waited for U.S. President Donald Trump to approve tariffs on goods on Chinese goods worth about $50 billion.At 3:51AM ET (7:51GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell $4.80, or 0.4%, to $1,303...Read More
Despite financial metrics not hitting the ball out of the park, the study outlines a feasible project based on relatively high copper grades and low production costs. The study calculates a respectable after-tax internal rate of return, at an 8% discount rate, of 18%, and a base case net present value of US$116.8 million."The feasibility study demonstrates the significant potential of this project...Read More
The major milestone follows on the heels of the New Orleans, Louisiana-based company securing a second bridge loan facility from financier Resource Capital Fund VI (RCF VI) of up to US$10 million, in return for an upfront fee of $300,000.Funds will be available for draw down in four monthly tranches, starting in June, the company said Friday.The one-year loan bears a 10% coupon and supplements a $...Read More
The Vancouver-headquartered miner says the openpit extension adds 3.3 million metric tonnes of high-grade ore to the mill feed, and will provide incremental output of 470 million pounds of payable zinc and 52 million pounds of copper.The extension also provides the company with more time to weigh the potential underground development of the near-mine Asheli and Harena deposits.Nevsun announced in...Read More
Big mining blastedMining and metals investors were offloading the sector's big names on Friday over fears of the impact of a trade war between the US and China, which is responsible for nearly half the world's industrial metal demand and two-thirds of the world's seaborne trade in steelmaking raw materials.Copper fell nearly 3% to $3.13 a pound or $6,900 a tonne, pushing the bellwether metal back...Read More
(Bloomberg) - A settlement between a Glencore Plc unit and Democratic Republic of Congo's state-owned Gecamines will contribute billions of dollars of revenue to the government over the next decade, an official said.Glencore reached a deal with Gecamines on Tuesday to end a legal dispute over Kamoto Copper Co., which is set to become Congo's largest copper and cobalt mine. Gecamines had sought to...Read More
When the U.S. imposes sanctions on an individual, western multinationals are quick to fall into line. So if a London-listed company decides that - on reflection - they'll circumvent the ban by paying the person using a different currency, you can bet there's something interesting going on behind the scenes.The question is: What?Glencore Plc's announcement on Friday that its Democratic Republic o...Read More