Bottle Creek drilling program is ahead of schedule with the receipt to date of 1,600m of RC drilling results from the Emu Deposit at Bottle Creek, WA.Gold assays and multi-element assays have been received with results up to 23.4 g/t Au1, 29 g/t Ag and 0.57 % Pb2 returned.Please click here for full announcementRead More
Alt Resources Limited (ASX: ARS) is a junior ASX listed gold exploration company whose main focus is on its group of gold assets lying within the Mt Ida Gold Belt, situated in the South Central region of Western Australia, namely Bottle Creek, Quinn's and Mt Ida gold projects, along with polymetallic exploration tenements in NSW prospective for gold, silver, copper, zinc and lead at the Paupong an...Read More
U.S.-based construction firm Fluor Corp subcontracted earth-moving work on the Quellaveco copper mine in Peru to local company Grana y Montero, in a sign the stalled $5 billion project could be reactivated.Grana said in a statement it had won a tender from Fluor for $53.9 million for work on Quellaveco, which is controlled by miner Anglo American. The work would last about 16 months, Grana said.Fl...Read More
Investing.com - Gold prices turned around from early morning losses on Friday as a disappointing jobs report and escalating trade tensions between the U.S. and China spurred demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange slipped $8.90, or around 0.7%, to $1,337.40 a troy ounce at 10:51AM ET (14:51GMT).Gold has been on a whirlw...Read More
Investing.com - Gold prices underwent volatility on Friday after news that the U.S. is planning to slap another $100 billion tariffs on China.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange slipped $1.40, or around 0.1%, to $1,327.10 a troy ounce at 4:21AM ET (8:21GMT).Having closed a day earlier at $1,328.50, gold traded Friday in a range from $1323.20 to...Read More
April 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 38 points lower at 7,161 on Friday, according to financial bookmakers.* CONGO MINING: International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. COPPER: Copper rose 1.4 percent on Thursday as fading concerns over the...Read More
Appetite for copper-mining assets is picking up after prices climbed in 2017 to the highest level in seven years, amid disruptions that worsened a shortfall in supply. The metal rally, however, has weakened since prices climbed to a three-year high in late December, and prices could become volatile unless the industry solves what Colin Hamilton, director of commodities research at BMO Capital Mar...Read More
Investing.com - Gold prices fell on Thursday as risk appetite recovered amid investor bets that recent tariff announcements by the U.S. and China are negotiating tactics and the countries will ultimately reach a compromise.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were last down by $13.10, or around 1%, to $1,327.20 a troy ounce at 10:46AM ET (14:46GM...Read More
Investing.com - Gold prices fell on Thursday as risk appetite recovered amid investor bets that recent tariff announcements by the U.S. and China are negotiating tactics and the countries will ultimately reach a compromise.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $10.20 or 0.75% to $1,330.00 a troy ounce by 03:30 AM ET (07:30 AM GMT).Prices of t...Read More
Petrov was at FQM between 2011 and 2016. In 16 years as an exploration geologist he has also worked at Dundee Precious Metals, Newmont Mining and Ivanhoe Mines."We believe Nikolay's extensive experience, network and skillset will prove invaluable to our efforts moving forward," said Black Sea president and CEO, Vince Sorace."Black Sea has an excellent technical team capable of generating and evalu...Read More
Pembridge is currently suspended from London's main board because the US$37.5 million deal for the Minto copper mine in Yukon includes a share handover and counts as a reverse takeover.Paul Fenby has joined as CFO from Indonesia-focused Asia Resource Minerals.Pembridge CEO David Linsley said Fenby would be critical to the return to the LSE."The role of CFO is a vital one for our company as we move...Read More
Tom Kaplan's Electrum has earned 60% of Cerro Las Minitas by spending US$5 million on exploration. Southern Silver remains the JV operator.The pair has committed a further $3 million for exploration this year.The new 13,000m planned campaign will include up to 10,000m of core drilling on and along strike from the promising Skarn Front deposit, out to the south-east in the Las Victorias target area...Read More
The private placement at $1.12 per common share subscription receipt is part of Nemaska's overall project financing plans to raise US$775-825 million to fund the construction and commissioning of its Whabouchi mine and Shawinigan plant project in Quebec, Canada, as well as for general working capital.Read More
It reported output of 2,964 ounces of gold for the quarter from the Pampalo gold mine in eastern Finland, dropping 5.8% from the January-March 2017 period.Read More
Moody's Investor Services downgraded the company's corporate family rating and its senior unsecured note ratings to B2 from B1, its probability of default rating to B2-PD from B1-PD and kept its ratings outlook at negative.Read More
Evolution's crafty July 2015 acquisition of the Cowal gold mine, 40km north-east of West Wyalong in New South Wales, for a not insignificant A$756 million, is a case in point.Read More
The company reported March quarter production of 85,885 ounces of gold, down from 99,509oz in the December quarter, but in line with expectations due to a change in the Gwalia mine sequence.Gwalia produced 56,773oz, down from 62,835oz, while Simberi produced 29,112oz, down from 36,674oz, due to a drop in milled grade and a loss of seven days of production due to an illegal strike.Despite the resul...Read More
(Bloomberg) - A U.S. judge held out the prospect of scuttling Och-Ziff Capital Management Group LLC's plea agreement with the U.S. if he concludes an investor group is entitled to as much $600 million over lost mining rights tied to a sprawling African bribery scheme.U.S. District Judge Nicholas Garaufis is due to sentence an Och-Ziff unit after it pleaded guilty in September 2016 to participatin...Read More
(Bloomberg) - Vedanta Ltd.'s plan to expand a copper smelter in India as part of an $8 billion drive to boost its national production capacity for metals is being dogged by movie stars and local protesters.Stars-turned-politicians Rajinikanth and Kamal Haasan are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns. Vedanta is workin...Read More
World's number one miner BHP (ASX:BHP) confirmed Thursday it has decided to leave the World Coal Association (WCA) over differences on climate change, but said it will keep its affiliation to the US Chamber of Commerce, which was also under review.The miner, which publicly supports the Paris climate accord, first signalled its intent to potentially leave the global coal-lobbying group last year, a...Read More