Gold's strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout confirms gold's bull market is...Read More
The following interview of CEO Brett Heath of Metalla Royalty & Streaming (CSE: MTA) / (OTCQB: MTAFF), was conducted by phone & email over the 3-day period ended January 21st. Metalla is a well-run, rapidly growing, precious metals Royalty & Streaming company that is relatively unknown. The Company's tried and true business model typically commands a premium market valuation, led...Read More
SANTIAGO, Jan 25 (Reuters) - Chile's state-owned Codelco , the world's largest copper miner, said on Thursday it had received environmental approvals for a revised plan to extend the working life of its century-old El Teniente copper mine.The approvals will allow the company to modify its original expansion plan, already permitted and now 44 percent complete, which seeks to add another, deeper lev...Read More
Global miner Anglo America (LON:AAL) saw its output climb 5% last year thanks mainly to its diamond and iron ore divisions, though copper production remained flat.The company said output at its diamond unit, De Beers, climbed 22% compared with the previous year to 33.5 million carats, as its Gahcho Ku?(C) mine reached full production.Gahcho Ku?(C), Canada's newest diamond mine and the world's larg...Read More
Freeport-McMoRan Inc, the world's second-largest copper miner by production, reported a bigger-than-expected jump in fourth-quarter profit on Thursday, lifted by stronger commodity prices and productivity gains.The Arizona-based company, which formed a framework agreement with Indonesia's government last August to secure a long-term permit for its massive Grasberg copper and gold mine, also said t...Read More
Shares in the world's largest mining and construction equipment maker Caterpillar (NYSE:CAT) were up almost 4% in pre-market trading on Thursday after the company posted results that beat investors' expectations.The Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported positive fourth quarter and full-year results and delivered bullish proj...Read More
Toliara in Madagascar shapes as an important ilmenite source at a time when burgeoning Chinese titanium pigment production has seen a recovery in prices and an encouraging price outlook.That makes it a different type of project to Kwale, where rutile accounts for nearly half the sales revenue currently being generated, albeit on 15% of the production volume from the operation (470,000 tonnes per a...Read More
The Perth-based, Toronto-listed junior finally got its hands on the Djarkadougou permit, which includes the Bondi deposit, six months ago after a protracted courtship of Orezone Gold Corp and a year-long government approval process. Sarama persevered for a long time to get its hands on the permit because of its strategic position, wedged between its 2.1 million ounce South Houndé proje...Read More
The 100%-owned Citronen mine will add up to 200,000 tonnes of zinc to annual supply and rank among the world's top six producers.While that might sound like bad news for prices, the global zinc market is something of a special case. Warehouse stocks on the London Metal Exchange have been cleaned out by a string of mine closures, a dearth of new projects and relentless growth in global demand of ab...Read More
KINSHASA, Jan 24 (Reuters) - Democratic Republic of Congo's new proposed mining code, which the industry has warned will stifle investment in the copper and cobalt-rich nation, sailed through the Senate without opposition late on Wednesday.A version passed by the National Assembly - Congo's lower house of parliament - last month would increase taxes and royalties, including potentially more than d...Read More
Paris La D?(C)fense, January 24, 2018 - Today, copper is at the core of a series of initiatives that are driving the world's sustainable growth. In addition to being a key component in many electrical applications including turbines, renewable power generators, inverters and transformers, copper remains the critical raw material for efficient and reliable cable technologies essential for the futu...Read More
LONDON, Jan 24 (Reuters) - Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana, considered by miners as a safe African jurisdiction seeking to diversify its economy from its reliance on diamonds.Formerly known as Alecto Minerals, which ceased trading last July, Cradle Arc was renamed and relaunched on London's AIM market for small companies with...Read More
Zinc pulled back on Wednesday to below $3,400 a tonne, but stayed within shouting distance of the best levels since August 2007 as worries about global stocks of the metal, mainly used in galvanizing steel, continue to support prices.In a research report consultants Wood Mackenzie said the combination of scheduled mine closures, top producer Glencore's strategic cuts and the impact of environmenta...Read More
Shares in M2 Cobalt Corp (CVE:MC) were off to the races on Wednesday after the company announced the acquisition of exploration licenses in east Africa and resumed trading in Toronto.During lunchtime trade the Vancouver-based junior was exchanging hands for $1.00 up 61.3% after a halt on trading on the TSX Venture Exchange in place since November was lifted. Around 67,000 shares were traded givin...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) plummeted Wednesday after the company reported marked drops in gold and copper output during the last quarter of 2017, which weighted on full-year production.Gold production fell to 212,400 ounces in 2017, a dramatic 21.6% decreased when compared to the previous year. In the fourth quarter alone, output of the precious metal reached 40,500 ounces...Read More
Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, has agreed to buy a 12.5% stake in fellow Canadian miner Royal Road Minerals (TSX-V:RYR) in a shares-deal worth about Cdn$1.6 million (roughly $1.3 million at today's rates).The transaction will see Barrick acquire 9,875,876 ordinary shares of Royal Road in a non-brokered private placement at a price of $0.16 per unit for t...Read More
With US$8 million banked after its latest non-brokered private placement, and completion of the Remo Resources reverse takeover that puts Chakana into the public market, the junior is set for a big year of drilling as it strives to put a significant maiden copper-gold-silver resource on two known breccia structures at Soledad, and prioritise assessment of a handful of other identified pipes.Read More
At Mining Indaba, in Cape Town, Jangada management will mix with banks, funds and private individuals that previously poured money into PGM endeavours in the world-famous Bushveld complex, some 1,400km away. Considering the dire straits many PGM miners on the Bushveld find themselves in, one might assume Jangada would want to avoid any comparison with the region - far from it. "There are...Read More
Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.Still, the mood remains cautious and the focus has been on smaller deals after the damage inflicted by steep commodity price falls and as uncertainty surroun...Read More
Managing director and CEO Archie Koimtsidis said Cardinal provided investors with exposure to potentially a world-class development gold asset, with the company de-risking and advancing the project towards development with a management team with extensive in-country experience. "The company expects to continue to generate positive news flow from its infill drill campaign, metallurgical optimi...Read More