SHANGHAI, Apr 19 (SMM) –Copper: A strong LME copper provided support to SHFE copper overnight. Technically, LME copper stood above 10-day moving average and tested above the 60-day moving average. It is likely to trade at $7,000-7,060/mt with the SHFE 1805 contract at 51,500-52,000 yuan/mt today. As prices of futures gained, spot prices offered are likely to dip with premiums expected a...Read More
The deal is part of Weir Group's focus on positioning itself as a mining services provider with mission critical market offerings from extraction to concentration.To better align with this approach, Weir will also be selling its Flow Control division, which makes valves. It wants to focus its portfolio on highly abrasive after-market applications in minerals and oil and gas.Esco is a 105-year-old...Read More
19 April 2018 - RCT has helped the world's largest underground copper mine, El Teniente, successfully and safely mine in mud, in what is believed to be a world-first mining method in these conditions.This impressive feat was facilitated by the company's specialised department, RCT Custom. The bespoke team helped deliver a state-of-the-art ControlMaster (R) Automation solution allowing the copper...Read More
Argentina's Deputy Secretary of Mining Policy, Mario Capello, said today that both the federal and the provincial governments have to work together towards relaxing the Glacier Law so that it becomes easier to develop Patagonia's massive copper deposits.According to the state-owned news agency T?(C)lam, Capello said that such deposits have the potential for producing 1 million tonnes of the red me...Read More
BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while reporting an 8 percent rise in third-quarter iron ore production.The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.It also narrowed its full-year copper guidance to 1.70-1.785 million tonne...Read More
The government of new Peruvian President Martin Vizcarra said on Wednesday it would not "impose" mining projects on nearby communities that object to them, but would seek to promote mining investments to take advantage of improved mineral prices.In the past decade, Southern Copper Corp and Newmont Mining Corp have shelved proposed mines in Peru because of opposition from communities worried about...Read More
* Potential for cobalt at Western Australian operations* Could also take cobalt from third parties* May double nickel sulphate output to 200,000 TBy Tom DalySHANGHAI, April 18 (Reuters) - BHP Billiton is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a...Read More
Nickel surged to a more than three-year high amid growing fears that Russia's Norilsk Nickel, top producer of the metal, could be the next victim of US sanctions against Russia that has already caused chaos on aluminum markets.Nickel, used primarily in steelmaking, jumped as much as 4.6% to $14,870 a ton on the London Metal Exchange, the highest level since February 2015. Bullish sentiment was...Read More
The same hole intersected 1.05m at 367g/t and 2m at 21.96g/t.The results are from a diamond drilling programme at Zone 1 at the advanced exploration project, designed to increase the resource and test deeper targets and areas beyond the resource boundary.The company said 12 of the 13 reported holes had hit mineralisation but the extent of drilling was limited to avoid intersecting underground work...Read More
Investing.com - Gold prices drifted lower on Tuesday, as investors wagered U.S.-led attacks on Syria would not escalate into a wider conflict in the Middle East, dampening demand for the safe-haven asset.While Saturday's missile strikes were the biggest intervention by Western countries against Syria, investor risk appetite improved on speculation that the attacks would not lead to prolonged confl...Read More
Cypress Development Corp. (TSX-V: CYP) / (OTCQB: CYDVF) / (Frankfurt: C1Z1) is weeks away from publishing a NI 43-101 compliant maiden mineral (lithium) resource estimate. Over the past 14 months, 23 holes (21 of which bottomed in mineralization) were drilled on the Company's 100% owned Dean & Glory claim blocks in Clayton Valley, Nevada. Results demonstrated good continuity acr...Read More
However in the same update, the company said its four-year-old Josnitoro joint venture in Peru with Hochschild Mining had been terminated after Lupaka was unable to reach a community agreement for exploration by March.Read More
But while the landscape is far rosier for explorers seeking finance than it was in the downturn, it is by no means free of rocky ground.Read More
SHANGHAI, Apr 18 (SMM) – Nonferrous metals rebounded across the board on Wednesday April 18, except for lead. SHFE zinc, tin and nickel rose close to 1%, copper gained 0.63%, and aluminium edged up slightly.The ferrous complex remained strong. Coke surged close to 5%, coking coal jumped 3%, hot-rolled coil and iron ore gained over 2% and rebar rose close to 2%.Copper: SHFE copper broke the 5...Read More
Rio tracked closer to expectations on iron ore production in the March quarter, upping shipments 5% year-on-year to 80.3 million tonnes. Read More
Silver production rose 13% year-on-year to 4.7 million ounces of silver, while gold output jumped 14% to 69,030oz. Read More
SHANGHAI, Apr 18 (SMM) – The US Department of Commerce announced on TuesdayApril 17 that it was launching a new round of anti-dumping and anti-subsidy investigations on certain steel wheels imported from China, SMM learned. The investigations began after two US manufacturers of vehicle components, Accuride Corporation and Maxion Wheels Akron LLC, filed complaints last month. The US...Read More
Nickel is also on a watch list of commodities under pressure if relations between Russia and the western world deteriorate further.Read More
SHANGHAI, Apr 18 (SMM) – China’s copper anode imports have risen as the country continued to expand its copper smelting capacity and as its domestic raw material supply percentage is below 30%.In 2017, imported copper anode accounted for 9.1% of the total raw materials used for copper smelting in China. This compared with 8.8% in 2016, SMM data showed.Zambia, Chile, and the Democr...Read More