SHANGHAI, Apr 13 (SMM) – Nonferrous metals futures saw mixed trading on Friday April 13. SHFE nickel jumped close to 2%, aluminium rose 1.85% while zinc dropped nearly 2%. Lead lost 0.81%, copper fell 0.67% while tin dipped.The ferrous complex closed higher across the board with rebar up 1.62%. Hot-rolled coil increased 1.6%, coke edged up 1.56%, iron ore rose over 1% and coking coal inched...Read More
The AIM-listed explorer, which also has a 30% stake in a Finnish gold project in the bulk sampling stage, said it had taken on the rest of TRAC to better its return once its Goldbloc technology is launched.Lionsgold said TRAC had a net asset value as of June 30 of just over £8,000 and brought in a before-tax profit of £3,600 12 months up to that date.The explorer's share price jumped 2...Read More
The royalty agreement was signed in July 2012 with Rumbo, who formerly owned the land used by Proyecto Riotinto in Andalucía, Spain, entitling it to a royalty payment of up to $250,000 per quarter if the average copper sales price or LME price for the period was equal to or above $2.60 per pound ($5,732 per tonne) for ten years up to a maximum amount of $10 million.Read More
SHANGHAI, Apr 13 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDriven by US President Donald Trump's tempered remarks on Syria, the US dollar index rebounded to 89.7, up 0.28%, while most base metals closed lower. LME zinc tumbled 4% and SHFE zinc slipped 2% under pressure from market talk that China's State Reserve Bureau...Read More
SHANGHAI, Apr 13 (SMM) –Copper: As zinc prices tumbled, copper prices declined sharply. LME copper fell 1.31% and the SHFE 1806 contract dipped 0.94% overnight. In the technical aspect, LME copper struggled among the moving averages overnight and opened at the joint of the 10- and 20-day moving averages today as the KDJ indicator expanded downwards. The SHFE 1806 contract moved und...Read More
"As previously stated, first quarter production was planned to be lower than subsequent quarters, reflecting scheduled maintenance at our Santander operations and winter conditions at Caribou," said Trevali's president and CEO Dr Mark Cruise."We will continue to further optimise the operations through the remainder of the year and beyond."Cruise said production guidance for the year was unchanged:...Read More
The agreement will focus on promotion and development of Clean TeQ's water purification technologies in China through joint research projects, incorporation of Clean TeQ's water treatment solutions in projects designed and implemented by Meili, and the joint promotion of technology solutions.Read More
As well as infrastructure spending in Australia and Asia, CIMIC is being buoyed by a strong outlook for resources."Australian export volumes in major commodities are expected to continue to grow and there are mining and processing opportunities in several states," Wright said.Earlier this week, the Department of Industry, Innovation and Science said Australia's resource and energy export earnings...Read More
Phobias are rarely cured without treatment. In a state of heightened fear, phobic individuals usually actively avoid, reject or move away from a fear-inducing stimulus. In doing so, they never relearn new, positive ways to interact.Most commonly they avoid the object of fear reinforcing a negative perception of it and making the problem worse. For many years now, therapists have used a technique c...Read More
Alt Resources Ltd has received a further 900m of assay results from RC drilling at the Emu Deposit, Bottle Creek, WA. Gold assays have been received from drillholes EMRC021 to EMRC033 with results up to 53.0 and 50.4 g/t Au[1]. These zones of high gold grades occur within and alongside broad, consistently graded zones such as 27m @ 5.6 g/t Au[2]. These broad zones are a positive featur...Read More
‘Loans for shares' meant stakes in government assets, lsuch as the Norilsk nickel mine, were handed over for loans to keep the country running.Potanin paid US$170 million for 38% of what is now Nornickel. Potanin said the public perception of the scheme he designed was wrong in an interview with the Financial Times this week."Everybody knows I won control of 38% of Norilsk in loans for...Read More
The major miner said in a statement on Friday it had reviewed its links to Rusal, principally through its 20% holding of the Queensland Alumina refinery, and would have to break some supply contracts. "As a result of the imposition of these sanctions, Rio Tinto is in the process of declaring force majeure on certain contracts and is working with its customers to minimise any disruption i...Read More
Image: GlencoreZinc hit a four month low of $3,135 a tonne on Thursday, down more than 12% from its decade high achieved mid-February.Rising fears about trade protectionism have taken the shine off most base metals but zinc's bearish outlook has more to do with new supply; and lots of it.The metal, mainly used to galvanize steel, has more than doubled since hitting multi-year lows in January 2016...Read More
NAIROBI, April 12 (Thomson Reuters Foundation) - Kenya's oil, gas and mineral deposits are being increasingly exploited, but a failure to implement laws and ensure local communities know their rights has meant the most marginalised are not benefiting, lawyers and academics said on Thursday.The East African nation has proven deposits of titanium, gold and coal and also holds significant copper, nio...Read More
Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world's leading diversified natural resources groups, looks at the industry's performance in 2018 so far and sets out what we can expect for the rest of the yearThe past couple of months have featured a broad retracement of the metals complex, away from the recent highs. Markets were taken aback by rising uncertainties, includi...Read More
Increasing disposable income in emerging economies, as well as the adoption of greener technologies, rather than a touted electric cars boom, will drive most of the expected increased demand in copper during the next five years, CRU analyst Robert Edwards said."Electric vehicles (EVs) are a great long-term story, but demand is only expected to be around 1.5% of world refined copper consumption thi...Read More
Among the highlights, it intersected 126.5m at 1.18g/t gold, plus 132.6m at 0.63g/t gold including 16.8m at 1.58g/t."These results … outperform what was predicted in the resource block model by extending gold mineralisation below the current resource model and to the west of the Ridgeline fault," the company said.It has an US$25.8 million exploration and development programme underway...Read More
(Bloomberg) -- Aluminum approached a six-year high after top exchanges said they’ll stop accepting metal from United Co. Rusal, increasing concerns about how the market will replace supplies from the Russian smelting giant hobbled by U.S. sanctions.The metal advanced as much as 3.5 percent on Wednesday to $2,277.50 a metric ton on the London Metal Exchange. That was just $13 away from the pe...Read More
Investing.com - Gold was higher on Wednesday, as the possibility of a U.S. military strike in Syria drove investors to the risk adverse precious metal.U.S. President Donald Trump canceled a trip to Latin America on Tuesday to focus on a response to a suspected chemical weapons attack in Syria, the White House said. Trump said he will respond to the attacks this week, once it was established who wa...Read More