Brinsden told the Resources Rising Stars conference in Queensland, Australia, that the A$284 million Pilgangoora lithium-tantalum project in the Pilbara was close to commissioning."At Pilgangoora, it's action stations," he said."We're right on the cusp now of production."All of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganf...Read More
Energold's share price was up 1.28% Monday to C40c at the close, capitalising the company at C$21.6 million. The shares hit a 12-month low of 32c last December and have traded at 53c during the period.President and CEO Fred Davidson said the mineral drilling division was expected to continue to show improvement over the balance of 2018."The company's order book remains strong, especially in parts...Read More
CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to provide analytical results for the remaining 12 re-sampled trenches on its 100% owned Mineral Mountain copper project located near Florence, Arizona (see news release dated April 30, 2018). Highlights from the sampling program...Read More
The company said it was working with state and federal authorities to provide safe access to the mine.Read More
The group said resource industries were the backbone of Ontario's economy but the regulatory and financial burden associated with the sector was threatening its competitiveness.They want the incoming government to consider addressing the red tape and cost burden, energy costs, skills training, build capacity in Aboriginal communities and support Northern Ontario infrastructure.The group's members...Read More
The 41-year-old head of the precious metals miner was interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" which is being published next month.Nesis said he rated the company very highly in one particular area of introducing transformation but said there were several challenges in terms of exploration.He said there were "too few juniors" in the former Soviet...Read More
While still at least 18 months away from first production, Carrapateena is the mine being built to replace the ageing Prominent Hill project which is located in the same copper-rich region which also hosts BHP's big Olympic Dam mine.Read More
Ontario displaced British Columbia in MineHutte's Regulatory Risk Ratings for 2018, with Mexico, Peru and Nicaragua making the top 10 minimal risk jurisdictions. New ratings for The Democratic Republic of Congo and Tanzania place them amongst the lowest-scored jurisdictions, alongside some new entries including Taiwan, Malawi and Lesotho.As well as providing an overall regulatory risk rating, Mine...Read More
On average, late stage mining projects are located in regions that are less jurisdictionally attractive according to an analysis by MINING.com comparing property data from Mining Intelligence and the Fraser Institute's Investment Attractiveness Index.Mining Intelligence tracks around 30,000 properties worldwide at various stages of development. As of May 2018, around 3,500 properties are at the ad...Read More
(Bloomberg) - A troubled 2018 so far for billionaire Anil Agarwal's Vedanta Ltd. may get worse amid concern that its key copper smelter in southern India could remain shut until 2019, further pressuring a stock that's down 25 percent since the start of the year.Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 metric ton-a-year op...Read More
Authorities from the southern Indian state of Tamil Nadu have ordered the permanent closure of the country's largest copper smelter, controlled by Vedanta Resources (LON:VED), after a new round of violent protests against the plant ended last week with police killing 13 people.Locals disapprove the expansion of the group's Sterlite Copper plant at Thootukudi, in Tamil Nadu, because they blame it o...Read More
BEIJING, May 28 (Reuters) - Major state copper and aluminium producers were among the companies that traded almost half a billion yuan of metal on Shanghai Futures Exchange's (ShFE) new physical trading platform in its debut on Monday, the exchange said.Tongling Nonferrous Metals Group and Chalco were amongst the companies that transacted using the platform. Out of the 123 transactions, 111 were i...Read More
Canada's Millbrook Minerals has recently inked an historic deal with Cuban state mining company GeoMinera S.A. to explore and develop three former cobre-zinc-silver-gold producing assets in the country.The agreement makes the Ontario-based privately held miner the first Canadian firm to sign a deal in Cuba since the mid 90's. It also establishes it as the first company to sign an International Ec...Read More
SHANGHAI, May 28 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index touched a high of 94.3 last Friday and closed 0.62% higher at 94.24 due to robust US manufacturing data and a weaker euro.LME base metals fell across the board except for zinc. LME lead closed over 2% lower, but its week-on-week gain of 4.5% was...Read More
Investing.com - Gold traders will keep their focus on fresh geopolitical developments surrounding President Donald Trump's planned summit with North Korean leader Kim Jong Un slated for next month.Ongoing trade negotiations between the U.S. and China will also keep investors on their toes.On the data front, there's a gusher of economic reports in the coming week, as the calendar rolls to June from...Read More
Over the last month, I've received numerous questions pertaining to the direction of the gold price. The fact is, I don't have a crystal ball and, while I believe we will see higher gold prices in the future, I have no idea when, and really, I don't care.Why? Simply, I don't invest in junior mining companies because I believe the price of gold is going to go up. I believe you invest in junior mini...Read More
The company has announced the potential to extend production at El Gallo in Mexico by at least 10 years, a US$50 million raising to finish construction at its Gold Bar mine in Nevada and the possibility of a new base metals revenue stream for its Black Fox complex in Ontario.Read More
Among the highlights from the first five holes, the company hit 1.7m at 17.18g/t gold from 198m, including a higher grade intercept of 0.6m at 46.3g/t gold.Great Bear also confirmed gold at the South Limb zone where the company's first drill hole into the target hit 0.5m at 5.34g/t gold.CEO Chris Taylor said drilling had revealed "a regionally-significant gold-bearing hydrothermal system" whi...Read More
SHANGHAI, May 28 (SMM) – Nonferrous metals, except for SHFE lead, rose across the board on Monday May 28. SHFE tin led the increases with a gain of over 2%. SHFE zinc rose nearly 1.6%, while nickel, copper, and aluminium inched up.Most ferrous metals closed lower except for coking coal. Iron ore fell nearly 1%, while coke, hot-rolled coil, and rebar dipped.Copper: As shorts continue to exit...Read More
SHANGHAI, May 28 (SMM) – Spot copper was mostly offered at a discount of 90-20 yuan/mt to the SHFE 1806 contract on Monday May 28 in the Shanghai market. This compared with a discount of 110-30 yuan/mt on Friday May 25.The SHFE 1806 contract hovered at 51,300 yuan/mt with pressure during the morning trading session. Transactions started to pick up in the morning as traders widened disco...Read More