LONDON, April 30 (Reuters) - China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.The aluminium market is reeling from the devastating one-two of U.S. tariffs and sanctions on Oleg Deripaska's Rusal empire.China, the world's largest aluminium producer, was the main target of those tariffs but might ironically turn out...Read More
Glencore Plc dropped the most among the U.K.'s biggest stocks as the company clashed with a former partner over royalties at key copper and cobalt mines in the Democratic Republic of Congo.The shares fell as much as 3.9 percent after the company said late Friday that a Congolese court authorized bailiffs to freeze certain Glencore assets after Israeli billionaire Dan Gertler served orders on local...Read More
Investing.com - Concerns over rising U.S. Treasury yields look set to remain in focus for precious metals traders next week after gold prices managed a slight gain on Friday but still ended the week with a drop of almost 1%.The U.S. nonfarm payrolls report for April, set to be released next Friday, and the outcome of the Federal Reserve’s two-day policy meeting on Wednesday, which will help...Read More
Argentinian lithium producer Orocobre (TSX: ORL) recently reported lower than expected lithium production in its third fiscal quarter because weather interfered with its evaporation rates of its lithium brines. This reveals two problems with lithium brine production: reliability and geography. Another source of lithium is rising to met these problems, hard rock lithium mining. One analyst pointe...Read More
It was music to gold bug ears.We've all heard the seemingly shocking or outrageous price targets for Gold. So it's not new.But this time from a non gold pusher. Someone with credibility in the larger financial world and a track record to boot.Gundlach's comment was included in every piece of Gold literature that recently crossed my desk. No doubt, if Gold starts breaking to the upside, Gundlach's...Read More
The London, Warsaw and Australian-listed company has two coal projects in Poland, Jan Karski and Bebiensko, and has signed a six-month non-disclosure agreement with JSW while the miner looks at buying them or partnering with Prairie.Read More
They will replace directors Matt Idiens and Dave Pelham, who plan to retire after the company's annual general meeting later this year.Both directors will also join the company's technical advisory committee, of which Roux has been made chairman.He was most recently COO of Endeavour mining and has over 42 years' experience in the mining industry, with previous experience at Anglo American, De...Read More
Highlights included 50m at 0.56% copper, 0.5g/t gold and 236.4g/t silver; and 36m at 1.45% copper."We expect to convert a large portion of our inferred oxide resource to indicated, which was one of our primary objectives this season," CEO Adam Lundin said.Filo released a preliminary economic assessment on the oxide portion of the project's existing resource in November, which outlined an after-tax...Read More
Pure Gold expects to make a production decision later this year for the high-grade, previously mined project that is said to have historically produced 2.5 million ounces of gold.Read More
The company plans to produce 105,000-115,000 ounces of gold in 2018, including the March quarter.It produced 18,785oz of gold at an average grade of 2.96g/t during the three-month period, with 9,912oz poured in March alone.Total ore processed during the period was 238,628 tonnes at a recovery rate of 96.1%.The company completed construction of the plant and commissioning in late 2017 at an $88.5 m...Read More
Gold sold in the March quarter was 119,976oz at all-in sustaining costs of A$1,075 per ounce, taking year-to-date sales to 387,254oz at AISC of $1,053/oz.The company narrowed full-year guidance to 540,000-560,000 from 525,000-575,000oz, with AISC guidance left unchanged at $1,000-1,050/oz.June quarter production is expected to jump to 150,000oz of gold."They say the journey is better than the arri...Read More
The Ross Beaty-chaired company said on Friday that its Huaron operations had been suspended since Tuesday due to road blockades by the Huayllay community.Read More
According to Atlas Copco's financial figures for the three months to March 31, Epiroc enjoyed an 18% growth in orders received compared with the same period in 2017.It also had an 11% jump in revenues to 8.2 billion Swedish krone (US$945 million) and a 7% rise in operating profit to SEK1.5 billion. The reported operating profit includes SEK95 million in one-time costs related to the split and the...Read More
Matilda, which has offices in Toowoomba, Mackay and Perth, has a fleet of 83 pieces of mining equipment with an average age of 9,300 hours, compared to Emeco's average of 25,000 hours.Read More
CALGARY, Alberta, April 30, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to provide analytical results for eight of the re-sampled trenches on its 100% owned Mineral Mountain copper project located near Florence, Arizona (see news release dated February 8, 2017). The balance of the trenching results will...Read More
Zenith Energy (ASX: ZEN) managing director Hamish Moffat said the company had achieved a high strike rate in securing three big new build-own-operate (BOO) contracts with Newmont Mining, Dacian Gold and Gascoyne Gold since its 2017 IPO and listing, as well as contract extensions. With Newmont's power plant at Tanami in central Australia to be commissioned early in 2019, Zenith will have more than...Read More
RBC analyst Tyler Broda changed the miner's rating to "outperform" Monday from the previous "top pick", with the target price also lowered to £4.10 (US$5.63) per share from the previous £4.60/share.Read More
It said in a statement over the weekend that a series of work stoppages in the March quarter, caused by industrial action by mining contractor employees, which then spread to other operations, would affect its ability to reach the mine's guidance.However, the company was "making a determined effort to recover most of the lost output", with operations back at full capacity. These efforts inclu...Read More
Exclusive information obtained by the Associated Press revealed that Atlantic Richfield, owner of the former Anaconda copper mine in Nevada, was suddenly halting the free home delivery of bottled water it has provided since 2004 to about 100 families from the Yerington Paiute Tribe who were affected by polluted effluents from the operation.In detail, poisonous groundwater seeping since 2000 from a...Read More
Economics has been called "the dismal science" for its conclusions which often suggest miserable outcomes for humanity. The saying was born in the 19th century by Scottish writer and philosopher Thomas Carlyle, who was referring to economist Thomas Malthus. Malthus famously calculated that humanity was trapped in a world where population growth would outstrip resources and lead to widespread miser...Read More