Aurubis, Europe's biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals."Due to megatrends such as smart homes, e-mobility, digitalisation and renewable energies, both the quantity and the complexity of secondary raw materials will increase significant...Read More
Chinese miner MMG Ltd's operations at its Las Bambas mine, one of Peru's largest copper producers, have not been disrupted and talks with an indigenous Peruvian community are ongoing, the miner said on Wednesday.The Fuerabamba community had imposed a new road blockade on the mine after talks with the company over compensation broke down, Americo Contreras, a representative of the public ombudsman...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), will begin in June the most extensive drilling program to date at Greatland Gold's (LON:GGP) Havieron gold-copper project in the Paterson region of Western Australia.The exploration activities, part of a joint venture the two companies signed in March, aim to define the extent of mineralization along strike and at depths to 1,000m be...Read More
Barrick Gold's subsidiary Acacia Mining (LON:ACA) condemned its parent company on Wednesday for keeping it out of discussions with the government of Tanzania about a long-running row over outstanding tax claims.Acacia's comments come on the heels of the Canadian gold giant's bid to take full control of the company, which is Tanzania's No. 1 gold miner.Toronto-based Barrick has proposed to buy the...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingThe editor of MJ has warned me, on pain of insta...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingThe loan bears a coupon of 12% and will mature n...Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesAccording to Piggott, who owns about 7% of Core Gold's shares, "the Titan-Core arrangement is a paper deal that is not in the best interest of Core Gold shareholders".Read More
ATAC Resources of Vancouver is starting the first phase of exploration at its Rau project, at the western edge of the Rackla gold property 55 km northeast of Keno City. The current program will follow up on high grade gold-copper-silver results from last year.Phase one at Rau includes ground based induced polarization (IP) and magnetic surveys over a 12 km2 area including the Bobcat target and the...Read More
Hudbay Minerals Inc. is preparing a sale of a stake in one of the largest copper mines under development in the U.S. as an investor pushes the company to review its portfolio, people familiar with the matter said.The Toronto-based base metals miner has interviewed potential advisers about selling a 30% stake in the Arizona Rosemont project and is planning to kick off a process in the coming months...Read More
Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator.The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues, which they say will discourage investmen...Read More
Zambia's Eurobond yields rose to record highs after the government of the cash-strapped copper producer said it's planning to seize Vedanta Resources Ltd.'s mining assets.The yield on the southern African nation's $750 million of securities maturing in September 2022 climbed 81 basis points to 19.74% as of 10:43 a.m. in London. Rates on notes due in April 2024 rose 51 basis points to 19.02%. No ot...Read More
An indigenous Peruvian community has imposed a new road blockade on Chinese miner MMG Ltd's Las Bambas mine, one of Peru's largest copper producers, after talks with the company over compensation broke down, a representative of the public ombudsman office said on Tuesday.The community started the blockade at midnight (0500 GMT) on Tuesday, the representative, Americo Contreras, said by phone, citi...Read More
Oil-to-metals conglomerate Vedanta Ltd said on Tuesday it had been declared the preferred bidder for two copper blocks in the India's western state of Maharashtra.The blocks require extensive exploration, Vedanta said, adding that this would start in due course.The copper blocks have total area of 1584.9 hectares, and are located in Maharashtra's Chandrapur district, the company said.The news come...Read More
The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years.Copper, by contrast, is under pressure, with the London Metal Exchange (LME) price for three-month delivery sliding 10 percent over the last month and currently struggling to hold the $6,000-per tonne level.The fortunes of two commodities are beholden to China, the w...Read More
The world's largest miner, BHP (ASX, NYSE: BHP), has lifted its forecasts for the global adoption and sales of electric vehicles (EVs), but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.BHP now estimates that at least 132 million EVs will be on the world's roads in 2035, and at least 561 million by the middle of the...Read More
The major gold miners' stocks are drifting sideways with gold, their early-year momentum sapped by the recent stock-market euphoria. But they are more important than ever for prudently diversifying portfolios, a rare sector that surges when stock markets weaken. Their just-reported Q1'19 results reveal how gold miners are faring as a sector, and their current fundamentals are way better than beari...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingAccenture's natural resources lead Ann Burns out...Read More
Zambia has started looking for a new investor in Vedanta-controlled Konkola Copper Mines (KCM), Zambia's President Edgar Lungu said on state radio on Monday."We are not shaken in our resolve to divorce, starting with KCM, and we have filed that notification," Lungu said on Zambia National Broadcasting Corporation radio, adding that he would brief the cabinet on the decision later on Monday.London-...Read More
SolGold is in talks with financiers keen to invest in its Ecuadorian copper-gold prospects and mining major BHP could increase its stake in the company, SolGold's chief executive said on Monday.In a preliminary economic assessment of the Alpala copper-silver-gold deposit in northern Ecuador released earlier, London-listed SolGold said annual copper output should be 207,000 tonnes for the first 25...Read More
Here's a sign of how all-dominating the trade war has become in metals markets: Copper is slumping toward a three-month low even after Zambia moved closer to nationalizing some of its mines.The lack of a reaction is even more surprising when compared with other market moves. Zambia's Eurobond yields surged to a record high and the currency hit a 3 1/2-year low.Zambian President Edgar Lungu is esca...Read More