The name change will reflect its renewed strategic direction and focus on its high-quality gold exploration targets in the Northern Territory's Tanami region where it aims to accelerate testing.The change will take effect after the Australian Securities and Investments Commission alters the ABM's registration details in the coming weeks, with the ASX listing code changing to PRX.ABM recently signe...Read More
A mining industry group said yesterday the commission appointed to draft regulations to effect the 2018 code had officially completed its work.The group represents significant mining development projects and more than 85% of the DRC's copper, cobalt and gold production, including Randgold Resources, Glencore, Ivanhoe Mines, Gold Mountain International/ Zijin Mining Group, MMG Limited, AngloGold As...Read More
Well Force International provides a complete range of rig-site solutions, including down-hole tool rental, on-site surveying and geophysical logging services, together with HiTT, its unique borehole management software that provides a 3D view of the borehole's progress.Read More
Well Force International (Well Force) have developed HiTT, a unique software solution for managing bore holes, providing more efficient drilling programs at a lower cost and most importantly, helping to improve the conditions for target zone intersection.Both Drillers and Geologists benefit by using the software. Drillers can monitor drilling progress and correct deviations quickly and cost-...Read More
On Monday copper for delivery in July fell back in the red on the Comex market in New York at $3.088 per pound or $6,800 a tonne as traders ponder rising trade tensions between the US and China, the globe's number one metals consumer.The industry is gathering in Hong Kong for LME Asia Week, but spirits may be dampened somewhat by a new report giving a muted assessment of the effects of Beijing's...Read More
Source: Streetwise Reports 05/08/2018Conditions may be in place for increased demand and increased prices for a number of commodities. In this interview with Streetwise Reports, Frank Holmes, CEO of U.S. Global Investors, discusses the commodity supercycle and the factors behind it, why some commodities may get more of a boost than others, and ways investors can profit.The Gold Report: Frank,...Read More
Strongbow Exploration (TSX-V: SBW), a Canadian firm trying to reopen one of England's most iconic tin mines, announced Monday it planned to list in London's AIM exchange for growing companies next month.The Vancouver-based junior expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which it will use to study the feasibility of resuming production at...Read More
Investing.com - With gold prices continuing to mirror moves in the dollar metals traders will be turning their attention to Tuesday’s U.S. retail sales report to try to form a clearer picture of the health of the economy and the outlook for interest rates.Alongside the retail data, markets will also be watching reports on the housing sector, manufacturing and industrial production. U.S. - Ch...Read More
Bosma has more than 24 years' experience in the mining industry, including 14 years at De Beers. He has worked at Firestone since 2014 , moving up from mineral resources manager to general manager of the Liqhobong mine in 2016.Prior to joining Firestone, he was general manager of a joint venture between De Beers and AngloGold Ashanti and previously worked as vice president of Pala Investments.Fire...Read More
SHANGHAI, May 14 (SMM) – Most nonferrous metals rose and closed higher on Monday May 14. SHFE nickel surged 2.4%, lead gained 1.3% and tin and copper inched up. SHFE aluminium and zinc edged down.The ferrous complex rose across the board with coke leading the gains with an increase of 2.3%. Iron ore jumped 2.2%, coking coal rose 0.7% with rebar and hot-rolled coil inched up.Copper: As longs...Read More
The company said its new management team that joined six months ago had turned Ascot's focus to the higher-grade, underground potential which was likely to mean a quicker restart, using the property's existing infrastructure.Read More
"Exploration will begin with a deep-imaging VTEM airborne geophysical survey, which has been employed to great effect by Garibaldi Resources," Eskay said.Shares in the Eric Sprott-backed Garibaldi shot up last year on possible Voisey's Bay parallels at its E&L nickel project and the company last week closed an upsized C$13 million (US$10.2 million) financing for exploration at its Golden Trian...Read More
SHANGHAI, May 14 (SMM) –Copper: Copper prices saw steady gains last Friday night on a weakened US dollar. LME copper stood above all moving averages with strong support, and it is expected to trade at $6,900-6,960/mt today. The SHFE 1807 copper contract stood above the 20-day moving average with pressure from the 60-day moving average. We see it trading at 51,400-51,800 yuan/mt during the da...Read More
Lonmin CEO Ben Magara said the PGM operating environment remained challenging, with the company continued to be "hamstrung" by macroeconomic challenges, its capital structure and liquidity constraints, although it did have quality mining and processing assets.Read More
SHANGHAI, May 14 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index fell after rising to a four-month high last week, gaining 0.01% week on week to stand at 92.84 last Friday due to a moderate US consumer price index (CPI).Base metals mostly strengthened last Friday as a result. Both LME and SHFE copper went up sligh...Read More
The funds raised through the listing of its common shares on AIM will help with the development of South Crofty, for which it needs to raise £25 million (US$34 million) over the next 18 months to progress towards a production decision.Read More
The Government of Zimbabwe increased the ECI to 10% from 2.5% of revenue with effect from February 1, which helped boost Caledonia's net profit attributable to shareholders by 34.9% year-on-year to US$3.1 million.Read More
Johnson Matthey said its latest PGM market report that 2017's surplus had been caused by a combination of lower total demand, flat mine supply, improved recycling volumes and higher sales from South African producers, offset by lower shipments from Russia and Zimbabwe.Read More
It said cobalt prices had reached "dizzying heights" this year amid a tight market and supply concerns and said it believed demand from most major end-users, particularly the battery sector, was set to increase."Roskill's base-case forecast suggests that demand from the battery sector alone could reach 240,000t by 2027 (more than double the size of the whole market today)," it said.Roskill, which...Read More