As part of the prefeasibility study currently underway, the company has confirmed it will use sulphuric acid leaching to extract lithium and boron from crushed rock into a pregnant leach solution.Read More
The Sukhoi Log scoping study has arrived just over a year after Polyus took over majority control of the project.Read More
SHANGHAI, Jun 7 (SMM) – Some 15,000 mt of blister copper output will be affected in Jiangxi province as inspection teams from the central government settled in the province on Friday June 1, SMM estimates. The inspection, scheduled for a month, will review the province's previous rectifications. Blister copper production capacity across smelters in Jiangxi t...Read More
An ambitious 20,500m drilling campaign spread over 28 holes will test high-priority regional targets outside of the immediate Gryphon resource area will get underway this week. The campaign would also follow up on high-grade mineralisation and test geophysical anomalies on geologically favourable trends, the company said on Wednesday.Read More
SHANGHAI, Jun 7 (SMM) –Copper: Copper prices extended their gains overnight. LME copper managed to stand above the $7,200/mt level and hit the highest level in three and a half months. The SHFE 1808 contract broke the 54,000 yuan/mt level with positive technical indicators. As the US dollar weakened and without further development in the Chile Escondida labour negotiation, copper prices...Read More
The company said this morning that it had paid A4c (US3c) per share for a 15% stake in Atlas.Read More
According to a term sheet, Hexagon is aiming to place around 32 million shares at A19c per share to raise at least $6 million, but the company will consider placing an additional $1 million depending on interest.Cornerstone support has already been secured.The issue price for the placement is 19c per share, an 8% discount to the 10-day volume-weighted average price of Hexagon shares.Foster Stockbr...Read More
As part of the deal, Newfoundland-based technology start-up Acoustic Zoom will deploy a $150,000 pilot programme this summer at Goldcorp's Red Lake gold mines, in Ontario.Acoustic's innovative seismic technology impressed judges during a March gala event held on the fringes of the 2018 Prospectors & Developers Association of Canada's yearly convention, in Toronto, garnering the top prize.The f...Read More
Rio or RTZ as it has been there since 1995, having beaten what was its Australian-listed subsidiary CRA to the punch when Freeport went looking for funds to finance the development of Grasberg (grass mountain) after having first tamed the wild region with the development of the nearby Ertsberg (ore mountain) mine.Read More
He was one of the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" which will be published later this month.Kerr, 47, said technology could create new employment opportunities and that presented new challenges."We need to think about talent management in the digital age, as the nature of work is set to change dramatically," he to...Read More
Lithium, copper and nickel companies raised big money during the first quarter in 2018.Investors poured US$325M into lithium companies. Most of the money went to Orocobre. Toyota bought 15% of the Australian-based lithium company.As usual gold was on top. Half the US$832M closed went to Lundin Gold to advance its Fruta del Norte gold project in Ecuador.Cobalt was way down the list at just $23M, ho...Read More
Shares in Solgold plc (LON, TSX:SOLG) jumped at the open after the company released the latest set of drill results from its massive Cascabel copper-gold project in northern Ecuador. In Toronto on Wednesday, Solgold shares added as much as 8.5% from yesterday's close in higher than usual volume for a market capitalization of $714m before paring some of those gains.The latest in a string of resul...Read More
San Diego, CA - DeepGreen Metal's (DeepGreen) research vessel, the Maersk Launcher, has returned to port in San Diego today, Monday, June 4th, after nearly two months at sea. This is the third of seven campaigns to pursue the evaluation of deep ocean metals, which will be indispensable for powering a low-carbon and high-tech economy - battery storage systems, electric vehicles, smart phones, wi...Read More
SHANGHAI, Jun 6 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite upbeat economic data, the US dollar weakened and fell below 94 overnight to close at 93.86. The euro rose following a report that the European Central Bank would discuss an exit from its quantitative easing program next week, which eased worries over the It...Read More
(Updates with U.S. markets' closing levels)* MSCI global stock index eases* Copper rises amid wage talks at world's largest mine* Oil prices end higherBy Caroline ValetkevitchNEW YORK, June 5 (Reuters) - The Nasdaq hit a record closing high for the second day in a row on Tuesday, helped by tech and consumer discretionary shares, while the euro recovered after Italy's new prime minister said the go...Read More
* U.S. stocks mostly gain, Nasdaq hits a record high* Copper rises amid wage talks at world's largest mine* Oil prices end higherBy Caroline ValetkevitchNEW YORK, June 5 (Reuters) - U.S. stocks mostly edged higher on Tuesday as technology shares extended recent gains while U.S. Treasury yields fell on safe-haven buying after Italy's new prime minister outlined new economic policies that could add...Read More
* Stocks mostly ease, though Nasdaq hits a record high* Copper rises amid wage talks at world's largest mine* Trade discussions a worry for investors (Updates to noon trading in U.S. markets; changes dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, June 5 (Reuters) - Stocks on world indexes edged lower and the Mexican peso and Canadian dollar fell on Tuesday amid concerns over a trade w...Read More
(Corrects paragraph one to say Netflix (NASDAQ:NFLX) to join the S&P 100, not the S&p 500)* MSCI world tech stock index climbs 0.7 pct to new record high* Italian bonds see modest selling ahead of govt confidence vote* Peso slides vs the dollar as tariff spat with U.S. escalates* Copper rises as wage talks rumble on at world's largest mine* Crude oil prices crawl up after 3 sessions of los...Read More
Investing.com - Gold prices traded slightly lower in mid-morning trade on Tuesday as positive economic data sent the dollar to its best level of the day against major rivals.At 10:30AM ET (14:30GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange slipped 70 cents, or 0.05%, to $1,296.60 a troy ounce.Meanwhile, the U.S. dollar index, which measures the gr...Read More