SHANGHAI, Apr 3 (SMM) – Nonferrous metals saw mixed trading today. SHFE zinc fell 1.2%, lead slid over 1%, nickel dipped, while aluminium gained 1.6%. Copper and tin inched up.Most ferrous metals fell. Iron ore lost 1.6%, coking coal and hot-rolled coil edged down slightly, while rebar and coke closed a bit higher.Copper: The SHFE 1805 contract traded rangebound around moving avera...Read More
The new resource at Mowana is 75 million tonnes at 1.15% Cu for 861,000 tonnes of contained copper, a 6% increase on the previous model.Read More
According to Eagle Mountain, a two-year microscopy study of 39 rock samples suggests the Silver Mountain area has been affected by multiple mineralising events, with the study also highlighting consistent styles of mineralisation across the Pacific Horizon and Scarlett prospects.Read More
SHANGHAI, Apr 3 (SMM) – The copper spot market in Shanghai saw brisk transactions on Tuesday April 3 as premiums were offered at 30-100 yuan/mt against the SHFE 1804 contract. This compared with a discount of 110-40 yuan/mt on Monday April 2. Sellers took control of the market, while traders and downstream consumers were keen to stock for the Qingming Festival holiday, SMM learned.Standard-q...Read More
SHANGHAI, Apr 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 90 following the release of upbeat economic data.SHFE metals saw mixed trading overnight with aluminium rising over 1%. Copper and tin inched up, while others edged down slightly.China’s Caixin/Markit manufacturing purchasing manag...Read More
Listen to Mining Journal and its partners discuss the findings of Mining Journal's Global Finance ReportRegister NowResearch lead Chris Cann will run through the headline findings of the report including a critical review of mining's key global stock exchanges and how they compare; the results of our comprehensive investor sentiment survey; and the conclusions drawn from interviews, surveys and da...Read More
SHANGHAI, Apr 3 (SMM) –Copper: After it was closed for two days, LME copper climbed up after it opened today. SHFE copper mostly traded above the 10-day moving average, with support at the five- and 10-day moving averages overnight. We see it trading at 50,100-50,600 yuan/mt with spot premiums at 0-50 yuan/mt today.Aluminium: As LME aluminium opened higher, we expect it to rise and test...Read More
It said in a statement that the operation had been suspended since the leak detection on March 29 so that it could carry out a full inspection of the 500km pipeline that carries iron ore in slurry form from the mine to the export terminal in Rio de Janeiro. Read More
First gold was poured on time and on budget after a A$200 million, 11-month construction phase.The milestone comes five-and-a-half years since Dacian listed on the ASX."The attributes which have enabled us to arrive at this very significant occasion are the same attributes that will drive our ramp-up and ongoing growth strategy," Dacian executive chairman Rohan Williams said. "We started work...Read More
However, CEO Mark Bristow said Randgold's group outlook for 2018 remained within the guidance of 1.3-1.35 million ounces.Randgold confirmed the intermittent industrial action Tuesday, although gave no reason for it.It added that Tongon continued to process ore from the run-of-mine and scats stockpiles.It said the subcontractor was negotiating to resolve the issue, with the minister of mines, senio...Read More
The idea was part of a formal proposal submitted to the Ministry of Mines to address concerns about the revised mining code and the government's search for new revenue. Read More
Kin Mining NL (ASX: KIN) is an emerging gold development company with a significant tenement portfolio in Western Australia's North-Eastern Goldfields. Kin's Board and management team expect to grow shareholder value in the near and mid-term with the development of the Leonora Gold Project (LGP) and continued exploration success.The LGP is near the heart of the Leonora/Laverton belt, a highly pros...Read More
Kin Mining NL (ASX: KIN) is pleased to provide an update on the Leonora Gold Project and corporate activities. Construction at the Leonora Gold Project (LGP) is well underway, with foundations for the CIL tanks and milling structures commenced. Foundations for the workshop are already complete with the workshop currently being erected.Highlights:• Construction has commenced with tank construc...Read More
Prices US$ at March 29, 2018. Source: LME, CME, UxC, ICE, TSIStock market, currency data @ March 29, 2018.Expectations of a boom in demand for battery raw materials as automakers move away from internal combustion engines kept cobalt and nickel prices on the boil during the first quarter.Cobalt is up another 24% in 2018 as it builds on a more than fourfold increase in value from record lows early...Read More
TOKYO, April 2 (Reuters) - Mitsubishi Materials Corp, Japan's third-biggest copper smelter, said on Monday it plans to produce 187,374 tonnes of refined copper during April-September, up 7 percent from the same period last year.The company expects output at its Naoshima smelter and refinery in western Japan to rise 11 percent, while production at its Onahama plant, north of Tokyo, will increase by...Read More
Vancouver-based Inomin Mines (TSX.V: MINE) announced today that, subject to TSXV acceptance, it will be acquiring a 100% interest in the Fleetwood zinc-copper-silver-gold property for $10,000 and 200,000 shares to CanAlaska Uranium (TSX.V: CVV).In a press release, the company explained that the 420-hectare property, located in the New Westminster Mining Division of southwestern British Columbia, h...Read More
Despite the fact that, through the enactment of new laws and regulations, local governments in Sub-Saharan Africa are starting to claim a larger share of their countries' mineral resource wealth, BMI Research believes that investments in the region will continue to rise in Q3-2018.In an industry overview published today, BMI presents the recent changes to the Democratic Republic of Congo's mining...Read More
The Chief Executive Officer of Chilean state copper company Codelco, Nelson Pizarro, confirmed rumours this weekend that he would stay on at the company's helm even after the country's new President, Sebastian Pi??era, appoints a new chairman and three directors in May.The mining veteran, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in...Read More
A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009, the anti-corruption agency said on Monday.Mongolia's Independent Authority Against Corruption told a media briefing that Bayartsogt was detained on Sunday.The Swiss Office of the Attorney General...Read More