Researchers from the University of California San Diego and the Massachusetts Institute of Technology are advocating for collaborations between academia and industry when it comes to finding a balance between exploiting mineral resources from the seabed and protecting vulnerable marine ecosystems.Matthew Alford, a physical oceanographer with the Scripps Institution of Oceanography at the UC -San D...Read More
Newtrax is an emerging IoT technology leader in the niche underground hard rock mine market.It was selected by Gold Fields to provide a mine-wide asset tracking and proximity detection system at the Invincible gold mine, part of the company's large St Ives camp near Kambalda in Western Australia.The sale is strategically important for Newtrax as it builds its presence outside the Americas. It face...Read More
Investing.com - Gold prices headed lower on Friday as a rebound in the dollar put downward pressure on the precious metal.Comex gold futures fell $10.60, or around 0.8%, at $1,338.20 a troy ounce by 10:26AM ET (14:26GMT).With geopolitical tensions fading into the background, a 0.6% rise in the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six m...Read More
(Bloomberg) -- After two weeks of extraordinary trading, investors are taking stock of the fallout from U.S. sanctions against Russia’s United Co. Rusal.Aluminum and nickel surged this week as global supply chains were disrupted by the sanctions. Major shipowners and Japan’s buyers are among the latest to cut dealings with Rusal, the world’s biggest aluminum maker outside of Chin...Read More
Investing.com - Gold prices continued the downward trend on Friday, adding to small weekly losses in relatively static trade.Comex gold futures fell $5.30, or around 0.4%, at $1,343.50 a troy ounce by 4:07AM ET (8:07GMT).With geopolitical tensions fading into the background, the precious metal was on track for weekly losses of just 0.3% and is off just 0.2% so far in April in what has been a large...Read More
SANTIAGO, April 20 (Reuters) - Chilean copper commission Cochilco forecast on Friday that Chile would produce 5.76 million tonnes of the red metal in 2018, up 4.3 percent from 2017, while estimating copper prices at $3.06 per pound this year.The projections follow a difficult year for the world's top copper producer in 2017, after workers at BHP's Escondida copper mine, the world's largest, walked...Read More
Investing.com - Gold prices moved higher on Thursday, supported by weakness in the dollar and concerns over the eventual U.S.-North Korea summit.Comex gold futures gained $1.30, or around 0.1%, at $1,354.80 a troy ounce by 4:18AM ET (8:18GMT), while the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slipped 0.03% to 89.32.A...Read More
(Adds company news items and futures)April 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 6 points higher at 7,323 on Thursday, according to financial bookmakers, with futures FFIc1 up 0.12 pct ahead of the cash market open.* UNILEVER: Unilever ULVR.L , the Anglo-Dutch consumer goods giant, reported first-quarter sales that met expectations, helped by volume gains, and maintained...Read More
April 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 6 points higher at 7,323 on Thursday, according to financial bookmakers.* BHP BILLITON: BHP Billiton BLT.L cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while also slightly raising its copper output expectations given higher production at the Escondida mine. ASTRA...Read More
Gold remains largely forgotten, off the radars of most investors. But that's likely to change soon as this leading alternative investment is nearing a major bull breakout. Once gold climbs to decisive new bull-market highs, sentiment will turn and investors' interest will surge. Their resulting buying will rapidly drive gold higher, attracting in more capital inflows. Gold is only a couple m...Read More
MiningFeeds previously wrote about Bonterra Resources (TSX-V: BTR) and its Gladiator Gold Project in Quebec. The company has steadily advanced through an extensive resource development program expand and define its geological resource model for an updated 43-101 Mineral Resource technical report that will likely prove to be significantly larger than its dated 2012 resource estimate. In 2012, usi...Read More
President and CEO Steve Roebuck said this week the 18 core holes (for 1,749m) drilled on OR79 in February-March this year confirmed two north-south trending mineralised corridors defined by the presence of multiple 0.3-1m-wide mineralised intersections grading up to 5.09 grams per tonne gold over 0.65m.Enforcer reported the mineralised intersections were primarily hosted in weakly to strongly shea...Read More
The agreement will give it access to the Saltpond and Cape Coast lithium projects in Ghana, which include 645sq.km of prospective lithium targets that should complement IronRidge's lithium portfolio in neighbouring Cote D'Ivoire.Read More
SHANGHAI, Apr 20 (SMM) – The nonferrous metals saw bleak performance today expect for SHFE tin. Nickel led a loss of 3%, aluminium dropped over 2%, copper slid close to 1%, with lead and zinc dipping.The ferrous complex fell across the board with coking coal leading a loss of over 2%. Coke lost 1.7%, rebar dropped over 1%, iron ore edged down close to 1%, with hot-rolled coil down slightly.C...Read More
The project's exploration licence, which expires on December 28, 2021, was transferred to ECR by the previous owner for no payment.ECR did not give details as to who the previous owner was or why the licence had been transferred, but said there was no profit or turnover attaching to the asset and no book value at acquisition.The project is considered highly prospective for gold mineralisation host...Read More
SHANGHAI, Apr 20 (SMM) – Yangshan copper premiums have continued to climb since the start of 2018, staying at levels higher than the benchmark of $75/mt for the most part.Offers with warehouse warrants were heard offered above $90/mt, SMM learned.This is because a tighter copper scrap supply has boosted consumption of imported copper cathode, as the import arbitrage window was open for a lon...Read More
The fundraising is part of an overall US$775-825 million financing structure announced in March to build the project.Read More
But, in a happy coincidence, the estimated cost of fixing the problem is the same as the performance bond, and Wolf says fellow ASX company GR Engineering Services has agreed to cover it.Read More
SHANGHAI, Apr 20 (SMM) –Copper: As most base metals went down overnight, LME copper dipped from highs to close at $6,962/mt. Technically, it remained above the 60-day moving average and touched the upper Bollinger Band. SHFE copper hit the 40-day moving average above with the five- and 10-day moving average rising. We expect LME copper to trade at $6,930-6,980/mt and SHFE 1805 at 51,200-51,7...Read More