The idea behind MJ Select is not to inundate investors with any and every project out there that needs funding, but rather to provide them with vetted projects they can be certain are worthy of a second look.Read More
SHANGHAI, Jun 14 (SMM) –Copper: Copper prices now struggle around the five-day moving average, as shorts remained cautious in entering the market and longs were keen to close out their positions amid labour negotiations at copper mines. We believe copper still face pressure but may find some support and consolidate at high levels. We expect LME copper to trade at $7,180-7,240/mt today with t...Read More
Mitsubishi already owns 18.1% of the project and will acquire a further 21.9%, while Anglo will retain the remaining 60%.Read More
Owners of the remaining 15% stake, Itochu Minerals and Energy of Australia and Mitsui Iron Ore Corporation, will supply the balance of the overall $3.4 billion capital spend. Work on the South Flank project will include the expansion of the existing infrastructure, the construction of an 80 million tonnes per annum crushing and screening plant, an overland conveyor system, stockyard and trai...Read More
Some high-profile names driving the new project and strategic development focus at Nevada Copper have no doubt been a factor in the growing investor focus on the company.Well-credentialed mine builder and operator Matt Gili, most recently executive general manager for Barrick Gold's flagship Nevada operations, former Rio Tinto CEO Tom Albanese, veteran North American mine-finance figure Ernie Nutt...Read More
Incitec said its Dyno Nobel business had been awarded an explosives products and services supply contract with FMG from July 2018 to December 2023."Dyno Nobel is delighted to be partnering with Fortescue," Incitec managing director and CEO Jeanne Johns said."We have shared values of safety and a commitment to practical innovation."The win comes after Incitec ceased to supply explosives and service...Read More
Theoretically, there was "absolutely no shortage" of REEs in the ground, Gavin Mudd, associate professor of Environmental Engineering at RMIT in Melbourne, Australia, told Mining Journal in an interview ahead of his upcoming address at the Resources for Future Generations conference in Vancouver.Read More
Temer signed the decrees on Tuesday, saying the economy needed a competitive, innovative and sustainable mining industry."The mining code has been modernised and reflects the best international practices, as well as improving legal certainty," he said in a translated tweet, "which helps to attract more investments and jobs for our country."He said sustainability was a key focus and the obligation...Read More
Jiao is among the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" which is being published this month. He said the industry was facing increasing challenges, such as relationships between miners and stakeholders becoming more combative "over a number of decades".Jiao, 49, believes this position is wrong, based on the industry's...Read More
Despite the well-worn maxim, miners don't always get the timing of investments - particularly in significant new production capacity - right.But Amerigo is only months away from delivering its latest expansion of the 100%-owned MVC copper-molybdenum operation in Chile. CEO Rob Henderson says the US$35 million project, which will boost copper output by 40% while slashing 20c/pound off production co...Read More
(By Laura Millan Lombrana)(Bloomberg) - Nelson Pizarro wants to remain at the helm of the world's biggest copper company until he can cut the ribbon on a project to convert its flagship pit into a giant underground mine.He's been in mining for most of his 77 years, with the last four spent guiding state-owned Codelco through a painful downturn. With a change of government in Chile this year and a...Read More
Southern Copper (NYSE: SCCO) the world's fifth-largest producer of the red metal, expects to kick off operations at its $2.5 billion Michiquillay project in Peru by 2022, three years earlier than what it said in April.The company, which won the public auction for the project in February by offering Peru's government investment agency Proinversi??n $400 million and a 3% royalty rate, said it would...Read More
The options for mining companies battling new legislation in the Democratic Republic of Congo - Africa's biggest copper producer and the source of two-thirds of the world's cobalt - have just about run out.After six months of lobbying, companies including Glencore Plc and Randgold Resources Ltd. have got nowhere in their battle to push back against the mining law, which voids existing agreements a...Read More
Its shares touched a 52-week high of C$3 on the news intraday, before easing to close up more than 5% to $2.80.A Phase III drilling programme is underway at the property in Sonora with a planned end of July cut-off for inclusion in a resource update.CEO N. Eric Frier said the confirmed discovery of continuous, high-grade mineralisation in the Granaditas Vein increased the near-surface, high-grade...Read More
SHANGHAI, Jun 13 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index closed at 93.8 overnight, up 0.26%. The index rose over 0.3% at one point after the “truly historic” US-North Korea Summit.Base metals fell across the board overnight.China’s total social financing growth declined to 760.8 billion yuan...Read More
* FTSE 100 down 0.4 pct* Centrica (LON:CNA) leads index after Jefferies upgrade* Crest Nicholson falls 5 pct after margin hit* Housebuilders decline* Domino's tumbles after CFO departure (Updates prices, adds details, quotes)By Helen ReidLONDON, June 12 (Reuters) - Losses in miners and oil majors sent Britain's top share index into the red on Tuesday, while housebuilding stocks tumbled after w...Read More
* STOXX 600 up 0.2 pct* Google (NASDAQ:GOOGL) tie-up boosts Carrefour * Trump-Kim nuclear pledge has little impact (Updates prices, adds details)By Danilo Masoni and Helen ReidMILAN/LONDON, June 12 (Reuters) - European stocks fell on Tuesday, pulled down by commodities stocks, but retailers gained after Carrefour signed an online shopping partnership with Google.The pan-European STOXX 600 .STOXX...Read More
Investing.com - Gold prices were little changed in midmorning trade tracking caution also seen in the dollar as the Federal Reserve’s two-day policy meeting kicked off on Tuesday.At 10:40AM ET (14:40GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange slipped 70 cents, or 0.05%, to $1,302.50 a troy ounce.On the geopolitical front, U.S. President Do...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.3 pct* Crest Nicholson falls 5 pct after margin hit* Domino's tumbles after CFO departureBy Helen ReidLONDON, June 12 (Reuters) - Losses in miners and oil majors sent Britain's top share index into the red on Tuesday, while housebuilding stocks tumbled after weak results from Crest Nicholson piled extra pre...Read More
MILAN, June 12 (Reuters) - European shares rose on Tuesday to their highest level in almost a week with Casino CASP.PA leading the surge as investors warmed to the supermarket's plans to sell assets.Its shares rose more than 8 percent, leading gainers in Europe, after the French group said it aimed to complete 1.5 billion euros of asset sales by early 2019 to reduce its heavy debt burden. CARR.P...Read More