BHP (ASX: BHP) was down around 3% in afternoon trade but is still well above the levels it was trading at 12 months ago. The metals and mining sector on the benchmark S&P/ASX200 index was down about 1.8% this afternoon.Australian gold major Newcrest Mining (ASX: NCM) was about 1.4% lower at the time of writing while the spot gold price was worth around US$1,298 an ounce, having risen...Read More
The transaction will see an initial A$25 million heading Independence's way, with further payments of $16 million to be paid annually for the next three years.Read More
SHANGHAI, May 28 (SMM) – Copper: LME copper dipped below the daily moving average to a low of $6,840/mt last Friday night as the US dollar gained. It is likely to dip on a stronger US dollar as an US-North Korea meeting is likely to be held as scheduled. The SHFE 1807 contract also fell last Friday with pressure from the 60-day moving average. It is expected to trade at 51,250-51,600 yu...Read More
Unlike oil which is BHP's secret weapon, or Achilles Heel, depending on which way the price is moving, or Rio Tinto's aluminium operations which faded but are now blooming, the diamond operations of Anglo American are cloaked in secrecy.Read More
Knafelc, 50, was referring to the global integrated fertiliser materials company's investment in a true talent development strategy."It's shocking to me thinking back five years how little we had in place - we had lots of good things happening but we didn't have a strategic plan that had elements of commonality across the organisation," he said.Knafelc made the comments as part of a wide-ranging i...Read More
SHANGHAI, May 28 (SMM) – China's copper scrap imports in April declined 19.3% from March and 36.7% from a year ago to stand at 180,000 mt, showed data from China Customs. This marked the second consecutive month of decline. April's imports registered at a low in nearly 20 years. It grew slightly from the import levels in February 2018 and 2016, which were aff...Read More
Cobalt 27 changes the course of metals streamingSPONSOREDcobalt 27 RESOURCEStocks: It's been less than a month since the company, previously known as Plymouth Minerals, officially changed ticker codes on the ASX to reflect the new name. What prompted the change?Adrian Byass: Plymouth Minerals was established in 2011 and over a number of years the company was actively involved in the Mor...Read More
Scientists from the U.S. Department of Energy's Ames Laboratory discovered a first-of-its-kind copper and graphite combination that, they say, could have implications for improving the energy efficiency of lithium-ion batteries.The discovery took place after they bombarded graphite in an ultra-high vacuum environment with ions to create surface defects. Copper was then deposited on the ion-bombard...Read More
Russell, a mechanical engineer and budding inventor, left Mount Isa for Toowoomba in 1985 after conceiving the blueprint for an ‘Isa Sizer' screen for his former employer. MIM installed four of them.Read More
(Bloomberg) -- As it battles to remain the world’s biggest copper producer, Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.On Friday, Chilean President Sebastian Pinera appointed executive Juan Benavides as chairman of the state-owned company. Earlier this month, he appointed Hernan de Solminihac and Patric...Read More
* LME/ShFE arb: GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices)By Jan HarveyLONDON, May 25 (Reuters) - Lead fell on Friday as some buyers cashed in on a recent rally but the metal still posted its biggest weekly rise since September after this week's drop in available stocks, and as investors positioned for a market in deficit.Despite Friday's move lower, the bat...Read More
* To stick to city protesting copper smelter on green concerns* Executive says not looking at setting up plant elsewhere* To seek dialogue, legal steps to restart smelter, expand (Adds details, quotes)By Krishna N. DasNEW DELHI, May 25 (Reuters) - London-listed Vedanta Resources VED.L hopes to restart its copper smelter in a southern Indian city and still wants to double its capacity despite pro...Read More
Investing.com - Gold prices moved lower in midmorning trade on Friday but were still on track for weekly gains of around 1% as demand for the safe haven asset increased this week on the back of geopolitical tensions.At 10:59AM ET (14:59GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange was down $1.70, or around 0.1%, to $1,302.70 a troy ounce.On Thursday...Read More
By Krishna N. DasNEW DELHI, May 25 (Reuters) - London-listed Vedanta Resources VED.L plans to stick to operations in a southern Indian city despite protests demanding the closure of its copper smelter that killed 13 people this week, a company executive told Reuters on Friday.The company's position comes a day after the state of Tamil Nadu (NS:TNNP), where the smelter is located, said it was see...Read More
NEW DELHI, May 25 (Reuters) - Indian Prime Minister Narendra Modi's decision to accept a fitness challenge from one of the nation's top cricketers, Virat Kohli, has been seized on by opposition politicians who say the leader should be spending time on other challenges - such as reducing fuel prices and creating jobs.The nation's sport minister and an Olympic medalist for shooting, Rajyavardhan Rat...Read More
(Adds company news items, adds futures)May 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 48 points at 7,765 on Friday, according to financial bookmakers, with futures FFIc1 up 0.31 percent ahead of the cash market open.* SSE: Britain's SSE Plc SSE.L said full-year earnings per share fell 3.6 percent, hurt by weakness in its networks business, but EPS so far this year was ahead o...Read More
May 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 48 points at 7,765 on Friday, according to financial bookmakers.* SHELL: A British judge ruled on Thursday that Nigeria's Bodo community, which has been involved in a protracted legal battle with Shell RDSa.L over the clean-up of two 2008 oil spills, should retain the option of litigation for another year. VEDANTA RESOURCES: Indi...Read More
May 25 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of May 24, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ---------------------------- --------- SHORT TERM RATINGS: ------------------- Ambience Constructions India LtdNon-FB FacIND A4+120Assigned Artemis Auto India P...Read More
London-listed Vedanta Resources hopes to restart its copper smelter in a southern Indian city and still wants to double its capacity despite protests demanding its closure that killed 13 people this week, a company executive told Reuters on Friday.The company's position comes a day after the state of Tamil Nadu, where the smelter is located, said it was seeking a permanent closure of the plant due...Read More