BKZ is less than 800m from the BKM copper project, which the company is currently carrying out a feasibility study on, but the earlier-stage asset is gaining investor attention for its variety of rich base and precious metal mineralisation.The latest infill results have, again, shown why investors would be interested.Broad intervals of high-grade massive sulphide mineralisation were intercepted in...Read More
SHANGHAI, Mar 28 (SMM) – Nonferrous metals fell for the most part on Wednesday March 28 except for lead, which inched up slower than the previous day. Tin led losses with a drop over 1%, and copper, aluminium, zinc, and nickel edged down.Across the ferrous complex, coke fell nearly 4%, coking coal declined almost 2%, and iron ore dipped over 1%. Rebar and hot-rolled coil inched up.Copper: SH...Read More
Several storms swept through the area during the past two weeks, which has made access to the property and selected drill targets both difficult and dangerous.Read More
Other changes will see non-executive director and former Lundin Mining (CN:LUN) executive Neil O'Brien become non-executive chairman, filling a position that has been left vacant since July. Kuenzel, meanwhile, will become finance director.Struthers, also previously at Lundin Mining, was only named COO at the end of last year.Georgian said the changes followed an agreement between the company and...Read More
SHANGHAI, Mar 28 (SMM) – China’s gross domestic product (GDP) is likely to grow 6.8% in the first quarter of 2018 and 6.9% in the first half of the year, according to a forecast by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences released on Tuesday March 27.The forecast also expects China to meet this year's annual GDP gr...Read More
SHANGHAI, Mar 28 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded overnight as concerns of a trade war eased. Month-end capital flows and a weakening euro also buoyed the index.Most base metals climbed up but with limited gains due to the rebound in the greenback. SHFE copper inched up, while zinc dipped. LME...Read More
The company announced today that it has signed a non-binding term sheet for a US$150 million stream facility with an "international financial institution of good standing", is in "advanced discussions" for debt financing of US$300-350 million and intends to raise the remainder of a US$775-825 million package through "private and/or public equity or debt offerings".Read More
SHANGHAI, Mar 28 (SMM) –Copper: LME copper rose above the five-day moving average overnight for the first time in five to six days. This trend is likely to stabilise, but growing inventories of LME copper will weigh on the prices. We see it trading at $6,620-6,680/mt today. SHFE copper lacks strong support as domestic demand has not fully recovered and as supply of refined cop...Read More
Wood Mackenzie said the US$1.7 billion price tag was at a 41% premium to its valuation for Hail Creek. It assumed a zero valuation for the Valeria project.The premium paid implied a long-term benchmark hard coking coal price of $146 per tonne and a benchmark thermal coal price of $83/t, signalling confidence in higher for longer prices.The inclusion of Hail Creek is expected to boost Glencore's me...Read More
Stakeholder Labrador Iron Ore Royalty (CN:LIF) confirmed in a statement that IOC's final offer on March 23 had been rejected, with USW's 5795 and 6731 local groups launching industrial action.Read More
Alas, my long standing and vociferous disdain for all professional sport, the Australian cricket team in particular, has not protected me from the slings and arrows of my British chums ever on the hunt for an excuse to give me a kicking. And gosh aren't they laying in now for all they are worth.Read More
While the proposed process only applies to projects or activities that have potential effects on matters of federal jurisdiction, given the nature of projects, any significant new mine would be subject to this process.Read More
The move comes just a month after one of its investors, Iluka Resources (AU:ILU), decided to write down the value of its investment in the company to zero. Iluka had previously valued its 27.8% stake in the company at A$30 million (US$23 million).The South Yorkshire-headquartered technology company has raised £12 million (US$17 million) to fund "post-processing facilities", feedstock and pro...Read More
Epiroc has used one of the world's largest heavy haul cargo planes, the Antonov An-124 to deliver two Pit Viper 271 rotary blast-hole rig towers 17,000km from Texas to a client in Newman.The An-124 took off from George Bush Intercontinental Airport in Houston with its two-tower cargo and stopped off in Honolulu, Nadi and Brisbane before touching down at Perth international Airport early on March 2...Read More
The gold miner said in a statement that two employees were fatally injured in a seismic-related fall of ground at the mine on Tuesday.Read More
RESOURCEStocks: Southern Gold is building the company by looking to rejuvenate former mines in South Korea and through successful exploration in Western Australia's Goldfields, where you're moving to underground operations having just completed the Cannon openpit. You were recently granted formal tenure over the Hampyeong project in South Korea, are you looking to further expand the portfolio...Read More
This morning, Concho Resources Inc. announced it will acquire RSP Permian Inc. in a US$9.5 billion all-stock deal. The transaction is the largest US upstream M&A deal since 2012 and the largest purely Permian deal ever.Concho will acquire 92,000 net acres of top-tier Permian acreage, augmenting its existing 550,000 net acres. Each company's position spans both the Midland and Delaware basins....Read More
This morning, Concho Resources Inc. announced it will acquire RSP Permian Inc. in a US$9.5 billion all-stock deal. The transaction is the largest US upstream M&A deal since 2012 and the largest purely Permian deal ever.Concho will acquire 92,000 net acres of top-tier Permian acreage, augmenting its existing 550,000 net acres. Each company's position spans both the Midland and Delaware basins....Read More
This morning, Concho Resources Inc. announced it will acquire RSP Permian Inc. in a US$9.5 billion all-stock deal. The transaction is the largest US upstream M&A deal since 2012 and the largest purely Permian deal ever.Concho will acquire 92,000 net acres of top-tier Permian acreage, augmenting its existing 550,000 net acres. Each company's position spans both the Midland and Delaware basins....Read More