IronRidge currently has one drill rig out at the Ewoyaa lithium project in Ghana as part of a 7,000m programme, which CEO Vince Mascolo said was a big moment for the explorer.Read More
For example, Ironbark said this week it was in the process of recruiting a mining crew and development team, and was "targeting" a shipment of fuel and materials to the site as part of "planning" to begin preliminary works at Citronen - including starting the boxcut, portal and decline into the Beach zone ore body. Read More
SHANGHAI, May 10 (SMM) – Nonferrous metals futures inched up for the most part on Thursday May 10. Tin gained nearly 0.5%, while copper, zinc, and lead went up slightly. Aluminium edged down, and nickel fell close to 0.4%.The ferrous complex rose across the board except for iron ore, which lost over 0.4%. Hot-rolled coil gained nearly 1%, while rebar, coking coal, and coke edged up.Copper: T...Read More
The company agreed to acquire the advanced Brazil project from Vale SA in December for US$8 million.Vale had put Vermelho's resource at more than 1 million tonnes of contained nickel and 43,000t of contained cobalt.Read More
SHANGHAI, May 10 (SMM) – Spot copper was mostly offered at a premium of 10-100 yuan/mt over the SHFE 1805 contract on Thursday May 10 in the Shanghai market. This compared with a premium of 20-100 yuan/mt on the previous day. Transactions of high-quality copper cooled from the previous days, with cargoes mostly offered at a premium of 80 yuan/mt, SMM learned. Trading of standard-quality...Read More
Randgold Resources' March quarter was marked by lower production at its major operations, which hit cash flow despite cost reductions at some operations.Read More
SHANGHAI, May 10 (SMM) – Sales of new-energy passenger vehicles in China came in at 73,145 units in April, up 150% year on year and up 31.3% month on month, according to data from China Passenger Car Association (CPCA) released on Wednesday May 9.The jump in April suggested a continuous growing demand, Cui Dongshu, secretary general at CPCA, was quoted as saying in local media reports.The A0...Read More
The company produced a record 68,088 ounces of gold during the three-month period, jumping 357% year-on-year.Read More
A proposed mining code review in Ghana and Mauritania's rejection of a key permit to expand a project dealt it a double blow, Bloomberg reported.Kinross had also flagged that Mauritania's government wanted to "enter into mutually beneficial discussions respecting all of Kinross' activities in Mauritania" in its quarterly results this week. On a positive note, shares in junior Midas Gold (TSX:...Read More
SHANGHAI, May 10 (SMM) –Copper: LME copper rebounded to a high of $6,810/mt from a low of $6,766/mt during the European trading session overnight. The SHFE 1807 contract traded rangebound overnight. Its trading level nudged up and hit the five-day moving average. We expect LME copper to trade at $6,800-6,850/mt today with SHFE 1807 contract at 50,900-51,300 yuan/mt. Spot premiums are seen to...Read More
It said an "immutable and secure digital trail" had been created using the developed Tracr platform for a selection of rough diamonds moving from a De Beers mine to a cutter and polisher to a jeweller.The platform should be launched later this year for all in the industry to use with the aim of improving visibility and trust within the industry, enhancing efficiencies across the value chain and en...Read More
Justifiably, Idaho's neighbouring states hog the spotlight when it comes to exploration and mining investment.But Barrick Gold's move on Midas Gold to secure a big say in development of one of the biggest emerging mines in the US (based on the circa-300,000ozpa projected run rate) signals the gold major is happy to look outside Nevada for its next significant ‘safe jurisdiction' project...Read More
Few gold exploration hot spots are going to be hotter this northern summer than key districts in Ontario, Nunavut and British Columbia, with the Golden Triangle in BC a standout in terms of gold and copper discovery potential. After a successful 2017 exploration program, GT Gold Corp is well-funded for follow-up drilling of exciting near-surface vein system, and deeper intrusive, targets. In the f...Read More
CALGARY, Alberta, May 10, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that it has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities.“We are pleased to announce that we have selected Renmark to reinforce Copper Fox Metals Inc.'...Read More
Wood Mackenzie principal analyst Farid Ahmed told the Battery Council International convention in Tuscon at the end of April that the growth rate in EVs was set to be "phenomenal", although it would start from a very low base.Read More
MIDROC Gold Mine's Lega Dembi mine in the country's south has been hit by protests recently over its environmental impact. Ethiopia's mining ministry ramped up anger last month by renewing the two-decade old mine's licence, Reuters said, and local media reported two protesters were killed by state security. Following two weeks of protests, mining ministry spokesman Bacha Faji told s...Read More
Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.This is according to the Minister for Resources and Northern Australia Senator Matt Canavan who, in interview with The North West Star, explained that surface soil samples collected at 776 sites yielded significant concentrations of copper,...Read More
British Columbia's mining industry remains upbeat in 2017, as prices for most metals and minerals produced in the province continue to steadily recover from multi-year lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward trend in the mining cycle, according to PwC Canada's 50th edition of their annual report on the mining indu...Read More
A foreign-backed miner has sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government.The little-known and remote Maricunga salt flat is far smaller than the expansive Salar de Atacama, where top lithium producers Albemarle...Read More