CALGARY, Alberta, March 27, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that it has commenced a trench sampling program on its 100% owned Mineral Mountain copper project located near Florence, Arizona. The objective of the trenching program is to determine the copper concentration...Read More
"Without admitting or denying the findings, Kinross agreed to a cease-and-desist order, a penalty of US$950,000 and undertakings to report on its remedial steps for a period of one year," the SEC said.The SEC said Kinross had acquired its two African subsidiaries in a $7.1 billion transaction in 2010 but took almost three years to implement adequate anti-corruption compliance programmes and intern...Read More
Canada-based Gungnir Resources (TSX-V: GUG) announced that authorities have approved a permit application to start drilling on its Knaften gold project, located in the Vasterbotten district of northern Sweden.According to the miner's website, Knaften covers Au in boulders and outcrop, as well as drill-indicated Au mineralization along a developing 10+ km long geochemical-magnetics trend in the Kna...Read More
DAKAR, March 26 (Reuters) - Democratic Republic of Congo's 2017 mining sector revenue rose 35.6 percent to $822.2 million while revenue from the oil and gas sector jumped by 103 percent to $203.9 million, finance ministry data showed.Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as copper and cobalt, data in a quarterly report seen by Reuters o...Read More
Shares in Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) received a fresh boost on Monday, after it said it had found "strongly mineralized" extensions at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The discoveries, the Australian miner said, are predicted to significantly increase Cascabel's high-grade resource tonnage. The project, located on th...Read More
It's not quite time to run up the red flags, but some recent developments in commodity markets suggest it may be time to start looking for them in the locker.The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nic...Read More
SHANGHAI, Mar 26 (SMM) – Nonferrous metals faced pressure from a potential trade war as SHFE nickel led the loss with a drop of over 3%. Copper fell after losing support at 50,000 yuan/mt and closed 2.5% lower. Aluminium, lead, and tin edged down, while zinc inched up.The ferrous complex remained weak. Coke slid over 3%, rebar lost nearly 3%, hot-rolled coil fell over 2% and iron ore di...Read More
The company is building an underground copper project in the Silver State after a recent refinancing and management shift with 50% owner Pala Investments getting in the driver's seat.Dake worked for Nevada Copper from 2011 to 2016, and is returning as general manager for surface construction after a stint at Guyana Goldfields (CN:GUY).Swisher comes from the East Boulder underground platinum group...Read More
SHANGHAI, March 26 (SMM) -Read More
The KSK property hosts the flagship BKM copper project, which is currently the subject of a feasibility study to be completed in mid-2018. Read More
The placement includes 56.15 million common shares at a price of C$0.80 per share.Read More
SHANGHAI, Mar 26 (SMM) – After it was forecast that Tangshan's air pollution is likely to reach the orange level, the city activated its emergency level ?...? response to heavy air pollution at 20:00 on March 25 until further notice, SMM learned.An orange-level alert is the second-highest in China’s four-level air pollution warning system. An orange-level alert indicates that...Read More
Earlier this month, it formally announced its intention to list on AIM and the Johannesburg Stock Exchange by the end of March, and said on Monday it had applied for all ordinary shares in the company to be admitted to trading on AIM on March 29, the same day it is due to list in Johannesburg.Read More
SHANGHAI, Mar 26 (SMM)? 1/4 ? China releases data on its import and export of copper in Feruary 2018 (Unit: mt): Read More
The gold price has risen about $20/oz since Thursday when US president Donald Trump signed a presidential memorandum that could impose tariffs on Chinese imports, a plan China "firmly opposes".Gold stocks rose strongly on Friday and in today's trade, with Newmont Mining (US:NEM) finishing up 3.06% in New York on Friday.It was a similar tale in London where Randgold Resources (LN:RRS) closed up 2.9...Read More
SHANGHAI, Mar 26 (SMM) – Spot copper in the Shanghai market was offered at a discount of 200-150 yuan/mt on the morning of Monday March 26, SMM learned. This compared with discounts of 190-130 yuan/mt on the morning of Friday March 23. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.e...Read More
While the US imposing tariffs on approximately US$60 billion of Chinese imports and China reciprocating with plans to enact its own duties on approximately $3 billion worth of US-origin goods could have some impact on the copper market, the investor reaction has been overblown, according to Dane Davis of Barclays Capital.LME three-month copper dropped to below $6,500 per tonne on the back of this...Read More
SHANGHAI, Mar 26 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightGrowing trade tension dragged the US dollar index down to a month-low of 89.496, down 0.4% during the day and 0.8% over the week.Such bearish sentiment also led base metals to fall across the board except for zinc. SHFE copper saw a smaller decline but fell cl...Read More
Hallgarten & Company's principal and mining strategist Christopher Ecclestone repeated his 'long' investment rating and a C$0.49 (US$0.38) per share 12-month price target in a note on Monday.Read More