Supply constraints affecting cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars, could slow production rates of such power storage units in the near term, Moody's Investors Service has warned."Declining ore grades for copper, continued lack of investment in new mines and the time required to bring new discoveries to production will constrain metal avai...Read More
Apr 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of April 27, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------------ SHORT TERM RATINGS: ------------------- Aditya Birla Fashion AndCP ProgrammeICRA A1+12500 Re-affirmed Retail Ltd Alm Food Products LtdST FBLICRA A4+1...Read More
Investing.com - Gold prices fell on Monday, nearing their recent five-week lows as waning geopolitical tensions and a stronger dollar weighed on demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $5.10 or 0.38% to $1,318.30 a troy ounce by 04:40 AM ET (08:40 AM GMT), re-approaching the five-week low of $1,315.70 set on T...Read More
And for at least one big global bank the emergence of alternative sources of financing, and in particular private debt, is seen as a positive trend of which it is looking to actively take advantage, at least while syndicated debt remains challenging.Read More
Last week index score: 45.59 (updated)This week: 37.75Oreninc: Interview Session with Mickey Fulp - Episode 22 now liveThe Oreninc Index fell in the week ending April 27th, 2018 to 37.75 from an updated 45.59 a week ago as the number of deals fell despite some broker action returning.A calmer and less volatile week all round with the presidents of North and South Korea meeting for the first time i...Read More
Recent activity in exploration and acquisitions in North America for the next supply of platinum reveals a troubling situation for South African platinum mining, which presents opportunities for platinum companies in safer jurisdictions.If you conduct a brief survey of headlines about platinum mining in South Africa, a stark picture is revealed.JP Morgan Cazenove recently reviewed the SA platinum...Read More
The company announced positive drilling results - including visible gold - from Union Reefs, where the processing plant is located.Read More
Mining Journal: What brought on the London listing?Read More
The PEAs cover its Mato Bula gold-copper project, Da Tambuk gold project and 70%-owned Terakimti gold heap leach project, all within 15km of each other in northern Ethiopia.Read More
In March, ASIC launched Federal Court proceedings relating to statements in Rio's 2011 annual report that were allegedly misleading or deceptive.Read More
Premier said it had accepted Arc's offer of 6.13 million Arc shares, or about 1.9% of Arc's enlarged share capital.When the offer closes May 10, the company, formerly known as Ortac Resources, will own 95.9% of Casa, which holds a 71.25% stake in the 1.57 million ounce inferred resource Akyanga gold deposit in the Democratic Republic of Congo.Arc started a comprehensive soil sampling programme at...Read More
Although the company reported an operating loss of US$9.4 million, this was an improvement from the loss of $15.6 million seen in 2016. Loss per share was 0.8c, down from a loss of 3.2c/share the previous year.Revenue for the year edged up 1% on the year to $28.3 million, although EBITDA fell 52% to $2.2 million and cash flow from operations dropped 73% to $1.3 million.Rambler milled a record thro...Read More
RESOURCEStocks: First of all, White Rock recently raised significant capital for the upcoming summer drilling in Alaska, and other corporate development. What did the raising say about the market appetite for the company's dual development focus and one stream of it in particular?Matt Gill: Our recent capital raising comprised a placement to raise A$1.6 million and a rights issue to existing share...Read More
Under the agreement, the two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources.Both companies now have a Zimbabwe diamond database, with Vast acquiring its database in September 2008 and carrying out exploration using the data until 2010, and Botswana independe...Read More
The country is also aiding those interested in exploring for minerals by providing detailed cartography for free and making its laboratories available at cost, under-secretary of mining Mario Alfonso Cantú Suárez told Mining Journal.Read More
According to an analyst note this week by Credit Suisse, environment conscious Montana ranchers David Letterman and Ted Turner have not got involved in the anti-mining lobby, with the approval process remaining entirely a state issue and not one that has "escalated" to a broader US level.Read More
Pacific Ridge Exploration (TSXV: PEX) announced today that it is planning to buy the Spius porphyry copper project, located 40 kilometres southwest of Merritt, British Columbia.In a press release, the Vancouver-based miner whose assets span from Yukon to B.C., said that the Spius property was explored for its porphyry potential in the 1960's and early 1970's. However, most of the records from that...Read More
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