Kane will step into the role on June 4. He has over 30 years' experience in developing and operating mines around the world.He joined BHP early in his career, working exclusively on the Escondida mine in Chile for about a decade before taking on other roles in the company' copper department in Chile, the most recent being BHP Minerals Americas' asset president of Pampa Norte for the past thr...Read More
SHANGHAI, May 4 (SMM) – All waste raw materials imported from the US shall be subjected to inspections from May 4, according to a notice from China's customs administration. Deliveries cannot be sent into China without inspection. Copper scrap imported from the US accounted for 15% of China's total imports of copper scrap, and stood at 535,000 mt in 2017, SMM data...Read More
Golden Rim, which started this week with an enterprise value of less than A$10 million, reported Kouri contained 20.8 million tonnes grading 1.5 grams per tonne from surface to 90m depth.Read More
SHANGHAI, May 4 (SMM) – Nonferrous metals futures saw mixed trading on Friday May 4 with SHFE zinc leading the loss with a dip of nearly 2%. Nickel fell almost 1%, while copper, aluminium, lead, and tin inched up.The ferrous complex saw iron ore dropping over 1%. Rebar lost nearly 1%, and hot-rolled coil slid almost 0.7%. Coke and coking coal went up slightly.Copper: The SHFE 1807 contract c...Read More
SHANGHAI, May 4 (SMM) – SMM assessed imported clean copper concentrate treatment charges (TCs) at $71-78/mt on Friday May 4, with the average up $0.5/mt from a week ago.Smelters slowed down stockpiling this week as most have procured sufficient cargoes for the second quarter, SMM learned. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on...Read More
The funds will also be used for preliminary evaluations and metallurgical studies of other projects and for general working capital.The placement involved 21.6 million shares at an issue price of C185c per share, with no warrants issued. The company said insiders acquired $2.2 million of the private placement.Namibia Rare Earths is accelerating the development of the Lofdal rare earths project in...Read More
The company's Canadian and Australian mines produced 147,644 ounces of gold at all-in sustaining costs of US$833 an ounce in the March quarter.Read More
SHANGHAI, May 4 (SMM) – Spot copper was mostly offered at a discount of 30 yuan/mt to a premium of 10 yuan/mt over the SHFE 1805 contract on Friday May 4 in the Shanghai market. This compared with a discount of 60 yuan/mt to a premium of 10 yuan/mt on Thursday.Sellers increased their offer prices as the SHFE 1805 contract gained over 200 yuan/mt from the previous day and rose to a high of 51...Read More
The incident took place Wednesday afternoon, causing a ground fall in an operating stope at the mine, with 13 mineworkers unaccounted for.Mine rescue teams were immediately sent out and three employees located Thursday.It confirmed Friday that rescue teams had freed 10 of the 13 trapped mineworkers, with four having succumbed to their injuries and six in hospital.Another employee had been located,...Read More
SHANGHAI, May 4 (SMM) – Spot copper in the Shanghai market was offered at a discount of 30 yuan/mt to a premium of 10 yuan/mt on the morning of Friday May 4, SMM learned.This was slightly up from a discount of 50-10 yuan/mt in the previous morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, plea...Read More
In fact, the 37% increase in oil prices to US$67.25/bbl (WTI) from last year's annual average of $49/bbl is delivering a double bonus, the benefits of which have enabled BHP's share price itself to itself consolidate at three-year highs of more than A$31 despite recent choppiness in the full suite of commodity prices.Read More
SHANGHAI, May 4 (SMM) –Copper: Technically, LME copper struggles at the 40-day moving average with support at the five-day moving average. With weak support, the SHFE 1807 contract failed to stand above the moving averages. We expect copper prices to stabilise today with LME copper trading at $6,830-6,890/mt and the SHFE 1807 contract at 51,000-51,500 yuan/mt. Spot discounts are se...Read More
"At Cerro Moro we are on the cusp of production as first ore was sent to the mill on April 25th. The start-up is progressing well with first doré production is expected in May," senior vice-president for operations, Gerardo Fernandez told analysts on a conference call.Read More
CEO Jeff Olsen said the Salt Lake City-headquartered company, which claims to be the world's leading supplier of drilling services, equipment and tooling for mining and drilling companies, saw increased rig and tooling sales. It also boasted of productivity improvements in its drilling services unit. Revenues were up US$24 million to $188 million, EBITDA was $13 million equating to a $17 mill...Read More
HiSeis was established in 2009 to commercialise the work of Curtin professors Anton Kepic and Milovn Urosevic that enabled the application of seismic technology to minerals exploration.While seismic had traditionally been used in oil and gas exploration, the technique was limited in mining due to properties of the hard rock geology usually associated with minerals.The research team was able to ove...Read More
It said in a release Thursday that it would be collaborating with UK blockchain start-up Circulor to pilot blockchain technology to create traceability of EV battery metals from mine to first use and then recycling to ensure they are ethically-sourced and continue through a circular economy.American Manganese CEO Larry Reaugh said the pilot would include mapping the lifecycle of an EV battery and...Read More
In a joint statement, the Occupational Lung Disease Working Group — representing African Rainbow Minerals, Anglo American SA, AngloGold Ashanti, Gold Fields, Harmony and Sibanye-Stillwater — and law firms Richard Spoor, Abraham Kiewitz and the Legal Resources Centre, which represented the claimants, said they had settled the class action Thursday.A R4 billion compensation fund wa...Read More
Wall Street is aghast at Elon Musk's dismissive attitude toward analysts' probing following a quarter of record (but less than expected) losses for Tesla, but the electric vehicle maker did provide some answers to questions that's been vexing the mining industry.Benchmark Mineral Intelligence, a provider of price information and research on battery supply chains, parsed the numbers after Tesla gav...Read More
Eight of the thirteen gold miners trapped underground at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) Masakhane mine in South Africa remain missing, the company said after a seismic event caused a fall of ground in an operating stope at one of the company's gold mines.Contact was made with six workers earlier on Thursday and two two were brought to surface safely, the firm said, but one of them reg...Read More