The company, which has started consolidating its position across the Pyrenees region on the border of France and Spain, said it had concluded a placement with the issue of 26.1 million shares at $0.23, a 13% discount to the 20-day average of $0.265, to leading European institutions including one of the world's largest mining funds.Read More
The company said the board had extended the closing due to the imminent publication of the Tulkubash oxide resource project's feasibility study results later this month, which would give a comprehensive update on the project, including capital and operating costs.It did not give a closing date, after previously giving March 30 as the deadline.In December, the company had decided to raise US$20 mil...Read More
SHANGHAI, Apr 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched up and stood firmly above 90 as US stocks rebounded and as the euro edged down.SHFE metals fell across the board, except for copper and nickel, with zinc down close to 1%. Most LME metals gained, with nickel up close to 1%. LME copper touc...Read More
Via an unconventional deal that involves a C$2.6 million (US$2.03 million) investment in new Loncor shares plus a ‘share swap' of $2.5 million worth of Resolute shares for 25 million Loncor shares owned by Loncor founder Arnold Kondrat, the ASX miner has added to a portfolio that already includes a 27% stake in DRC gold explorer Kilo Goldmines (CN:KGL).Read More
SHANGHAI, Apr 4 (SMM) –Copper: The US dollar index climbed up and depressed copper prices following a release by the US of $50 billion of imports from China that could be subject to sweeping tariffs. LME copper moved around the daily moving averages and hit the 20-day moving average, while its SHFE counterpart performed similarly with a narrower trading range. SMM remains bullish...Read More
Benchmark Mineral Intelligence recently hired Andy Leyland from Wood Mackenzie to look at the long term, so Mining Journal asked him how far into the future the themes of early 2018 would continue.Read More
RBC Capital Markets analyst Tyler Broda downgraded the diamond producer from its ‘outperform' rating and moved its target price to £0.80 (US$1.12) per share from the previous £0.85/share.Read More
Telstra Mining Services is one group said to be keen on Brisbane-based industrial Internet of Things (IIoT) company MOVUS's FitMachine sensor technology and software-as-a-service (SaaS) business model. It is also said to be working with three "global mining companies", while MOVUS CEO Brad Parsons believes there is "strong scope" for FitMachine to help miners improve fixed and mobile plant managem...Read More
On Tuesday copper for delivery in May advanced to a two-week high on the Comex market in New York at $3.065 per pound or $6,755 a tonne after positive manufacturing data from China, the globe's number one metals consumer.Copper is still down 8% so far in 2018 and the bellwether metal's dimmer prospects is nowhere more evident than on derivatives markets and the shift in positioning of large-scal...Read More
SANTIAGO, April 3 (Reuters) - Caserones copper mine in Chile said on Tuesday that it would temporarily shut down its copper concentrator in order to replace a leaking pipe.The Environmental Tribunal of Antofagasta, a province of Chile's northern mining region, asked Lumina Copper, which owns the mine, to shut down the processing plant for 15 days following a tailings spill into a nearby river, Cas...Read More
LONDON, April 3 (Reuters) - Copper producer Cradle Arc is increasing output to 12,000 tonnes per year at a Botswana mine it has restarted and is seeking more mining assets in the African nation to take advantage of rising metals prices, the chief executive said.Production was halted at Botswana's Mowana mine in 2015, when copper prices fell, in line with a wider commodity crash.Copper prices at ar...Read More
South African engineering and construction group Murray & Roberts (JSE:MUR) unveiled Tuesday it had been awarded 3.7 billion rand (about $313 million) in mining projects located in sub-Saharan Africa, North America and Australasia.The company, currently subject of a takeover bid from Germany's ATON, said the awarded underground projects included diamond, gold, copper, salt and platinum mines. It a...Read More
OZ Minerals (ASX:OZL) said Tuesday it had received approval from the South Australian government to go ahead with the next phase of development its A$916 million (roughly $704m) Carrapateena copper-gold project.The Mining Lease and Environmental Protection and Biodiversity Conservation Act (EPBC) allows Oz Minerals to start this month phase two of construction at the project, one of the largest...Read More
Shares in the Eric Sprott-backed company, which started trading on the TSX Venture Exchange on November 29 following its reverse takeover of Consolidated Westview Resource Corp, shot up 150% yesterday to close at C60c."The recovery of micro-diamonds is extraordinary given that the primary objective of the laboratory process was to extract kimberlite indicator minerals, not diamonds," president and...Read More
Investing.com - Gold prices pushed higher on Monday boosted by the softer dollar and in escalation in trade tensions between the U.S. and China, which underpinned safe haven demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose $8.00 or 0.6% to $1,335.3 a troy ounce by 04:39 AM ET (08:39 AM GMT).China announced Monday that it is...Read More
Among the highlights, Orca intercepted 123m at 1.96g/t gold and 50m at 3.05g/t.The company had upped the project's resource in January to an indicated 3.05 million ounces of gold and has a feasibility study due out in May."Although the drill database had to be cut off at the end of 2017 for the purposes of our feasibility study, we are confident that ongoing drilling this year will materially incr...Read More
Apr 2 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of March 30&31, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Aarnav Industries Pvt LtdST Bk FacCARE A3+100Reaffirmed Adani (NS:APSE) Agrifresh LtdST Bk FacCARE A3100Reaffirmed Aishwarya...Read More
Byrne and Archibald are confident of unearthing opportunities in the market - possibly among "underserved" juniors needing to augment existing deposits or resources.Read More
Last week index score: 28.01 (updated)This week: 42.63Zinc One Resources (TSXV:Z) received the first results from drilling at its Bongar?? zinc mine project in north-central Peru.NuLegacy Gold (TSXV: NUG) said late winter storms deposited as much as three feet of snow on parts of its Red Hill property in the Cortez gold trend of Nevada, USA.Prospero Silver (TSXV: PSL) announced the results of the...Read More
Appian founder and general partner Michael Scherb is now one of eight Harte Gold directors. Harte president and CEO Stephen Roman said the major shareholder's appointee founded Appian six years ago and oversaw the fund and its investment strategy."We appreciate the contributions Michael and the Appian team have made to accelerate the development of Harte Gold," Roman said."We have made tremendous...Read More