Centerra had gained both the portfolio and feasibility-stage Kemess copper-gold project from its acquisition of AuRico Metals, which was completed in January.Read More
Known round the traps as JP, he's now the incoming managing director of Dempsey Minerals (DMI), the ASX-listed company that's acquring the ground he picked up in Argentina.Read More
Back in Austin, Texas, on the weekend, the US Global Investors CEO wrote in his blog: "Blockchain has the potential to revolutionize how gold and precious metals are manufactured and delivered.""Blockchain is also bringing change to gold investment. Consider Royal Mint Gold which aims to provide the ‘performance of the London Gold Market with the transparency of an exchange-traded security'...Read More
The price of cobalt has been drifting after hitting near 10-year peaks in March to exchange hands for $91,000 a tonne on Friday.Cobalt is still up nearly fourfold since hitting multi-year lows at the beginning of 2016 as worries about supply of the metal, a crucial element in batteries, combine with expectations of booming demand from the electric vehicle sector.The city of Mbandaka [population 1....Read More
Southern Copper's Manager of Technical Services, Carlos Aranda, said this week that the $1.4 billion T?-a Mar?-a copper project, located in the southern Peruvian region of Arequipa, is gaining legitimacy amongst the population.In a conference held before Peru's Mining Engineers Institute, Aranda said that the company, a subsidiary of Grupo M?(C)xico, has been able to knock down previous resistance...Read More
Coronet Metals (TSXV: CRF) announced this week that it has entered into an agreement to gain 100% interest in 3,888 mineral claims totalling over 62,000 hectares in the Meguma Gold Belt located in Nova Scotia, eastern Canada.In a press release, the company explained that the claims are adjacent and along trend from Atlantic Gold's Touquoy disseminated open-pit gold deposit. On its website, Atlanti...Read More
"Those who can achieve this productivity leap could potentially even change their relative position on the entire industry cost curve," said Metso Corporation's Jani Puroranta in an interview after the release of results of Mining Journal/Mining Magazine Future of Mining asset management survey of leading global miners.Read More
The overall picture of improving health among companies that fall under the heading of METS (mining equipment, technology and services) was well covered earlier this month in a report by Richard Roberts.Read More
(Adds details)NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's VED.L shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India, its subsidiary Vedanta Ltd said on Friday.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and...Read More
NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's VED.L shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta says....Read More
Investing.com - Demand for gold fell on Friday, amid a strengthening U.S. dollar.Comex gold futures for June delivery were down 0.08% to $1,288.40 a troy ounce as of 10:13 AM ET (14:13 GMT).The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was...Read More
Investing.com - Gold prices remained lower on Friday, held back by rising Treasury yields and a stronger dollar.Comex gold futures for June delivery were down 0.12% to $1,287.90 a troy ounce as of 10:33 AM ET (14:33 GMT).The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.The U.S. dollar index, which measures the greenback’s strength against a bask...Read More
Eight years after the adoption of the world's first Glacier Protection Law, Argentina's Glacier Institute (the IANIGLA) finally released the official version of Argentina's first complete glacier inventory. The IANIGLA has registered 16,968 glaciers, which are now precisely identified and fully protected by Argentina's Glacier Law, the first of its kind anywhere on the planet. The results of this...Read More
NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta says.The unit...Read More
Glencore's (LON:GLEN) copper operations in the Democratic Republic of Congo will soon be the target of British regulators, which are planning to open a formal bribery investigation into the company and its deals Dan Gertler, an Israeli mining tycoon implicated in the payment of bribes to the country's leader Joseph Kabila.An investigation by Britain's Serious Fraud Office (SFO) "would represent a...Read More
SHANGHAI, May 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the US Treasury yield rose and with positive US economic data and a weakened euro, the US dollar hovered at five-month highs and closed 0.1% higher at 93.48 overnight.The US 10-year Treasury note yield hit a multiyear high Wednesday, topping 3.1% for the first...Read More
Investing.com - Gold prices continued near December-lows on Thursday, as a stronger U.S. dollar and bond yields kept the price of bullion lower.Comex gold futures for June delivery were down 0.17% to $1,289.30 a troy ounce as of 10:25 AM ET (14:25 GMT).The price of bouillon was driven lower by the rise in the greenback and increase in bond yields. . The U.S. dollar index, which measures the greenb...Read More
* Euro struggles near $1.18 mark* Dollar rise leaves Yen at weakest since January* Emerging market currencies suffer more falls overnight* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Tommy WilkesLONDON, May 17 (Reuters) - The euro fell towards a five-month low on Thursday as investors fretted about the demands of populist parties likely to form Italy's next government and as a fresh...Read More
(Adds comments on copper futures, analyst comment)By Sudarshan VaradhanNEW DELHI, May 17 (Reuters) - Vedanta Resources Plc's VED.L Thootukudi copper smelter, one of India's biggest, will remain shut until at least June 6, a lawyer petitioning against the plant reopening said on Thursday.The Tamil Nadu (NS:TNNP) Pollution Control Board has adjourned a hearing to grant Vedanta a renewal of consent...Read More
NEW DELHI, May 17 (Reuters) - Vedanta Resources Plc's VED.L Thootukudi copper smelter, one of India's biggest, will remain shut until at least June 6, said a lawyer petitioning against the plant reopening.The Tamil Nadu (NS:TNNP) Pollution Control Board has adjourned a hearing to grant Vendanta a renewal of consent to operate the smelter until that date, said V Ramasubbu, a lawyer fighting the r...Read More