It is the largest gem-quality stone found at Lulo by the company and its partners, Empresa Nacional de Diamantes and Rosas & Petalas, beating out the 43ct yellow gem recovered in January and the 39ct pink stone found in September last year.The 46ct diamond was found in the new mining block four, the area close to the treatment plant and planned for resource delineation this year to be included...Read More
They are a mix of mainly contract miners and drillers, and engineers with primary exposure to brownfields capital expenditure (see table below).Read More
CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that it intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to raise up to $1,200,000 in gross proceeds (the “Offering”). The Offering will consist of...Read More
It said Thursday that coal stockpiles across all its coal-fired power stations were at an average of 35 days, excluding Medupi and Kusile, which were still under construction.Stakeholders have been concerned about possible load shedding after the utility announced last week that seven of its power stations had coal stock levels of less than 20 days.The country faced rolling blackouts in 2008, but...Read More
The deal signed between state mining firm Geominera and Millbrook Minerals, a private Canadian company, covers the Los Pasos project in central Cuba's Villa Clara province.Read More
The miner announced the strike at its La Arena mine on April 22, saying the union that represented about two-thirds of the 700-member workforce wanted a guarantee payment rather than profit sharing as per Peruvian law.Read More
Its own-source copper production rose 7% year-on-year to 345,400 tonnes after the first phase of Katanga's whole ore leach project was commissioned in December, although this was partly offset by maintenance at the Mount Isa smelter and Alumbrera's decline as the end its mine life gets closer.Read More
Its shares fell from the US$19 mark last week to hover around $15, closing up slightly yesterday after CIBC upgraded its shares from neutral to outperform.Bloomberg reported CIBC said the market was not ascribing any value for Freeport's majority-owned Grasberg mine in Indonesia, where negotiations continue over a new license and operating terms and the company's 51% divestment.Freeport revealed i...Read More
Drilling at the un-mined Southwark deposit has been completed, for a total of 3,200m. Approximately 1,300 assayed metres are included in this announcement. The concluding stage of the RC drilling program is currently underway at the Emu deposit, ahead of resource modelling. This phase of RC drilling at Bottle Creek will be completed on the 7th May, 2018; well ahead of schedule and within budget. A...Read More
Yamana Gold (TSX:YRI)(NYSE:AUY) announced today that gold production exceeded its plan for the first quarter of 2018.In a media statement, management detailed that gold equivalent ounce production from Yamana mines for the first quarter was 211,246, including 199,555 ounces of gold and 899,261 ounces of silver. Total attributable gold production was 248,088 ounces of gold, including attributable p...Read More
Mongolian Copper Corporation (MCC) is considering international arbitration ahead of an expected government appeal against a court ruling the state's attempt to buy MCC's stake in one of Asia's biggest copper mines is illegal, the company said.The corporation has been fighting for more than a year to stave off the Mongolian government's push to gain full control of the Erdenet mine by buying MCC's...Read More
Glencore Plc's clash with former partner Dan Gertler over unpaid royalties at a key Congolese copper mine deepened as the legal battle spread to a London court.The Swiss miner was on Tuesday granted a temporary injunction against the Israeli billionaire after petitioning the London court to rule against a Congolese judge's decision last week to freeze assets at its Kamoto Copper project, people fa...Read More
Mining giant Rio Tinto (ASX, LON, NYSE: RIO) plans to double its fleet of autonomous production drill rigs this year at its iron ore mines in the Pilbara region of Western Australia, where driverless trucks already haul over a quarter of both ore and waste material.Four additional drills, retrofitted with autonomous drilling system technology, were recently deployed at the company's Yandicoogina m...Read More
A CNN Freedom Project investigation has found that child labour is still being used to mine the mineral cobalt, a key component in lithium-ion batteries used to power electric vehicles and smartphones.CNN's Senior International Correspondent Nima Elbagir, producer Dominique van Heerdenand and photojournalist Alex Platt travelled to Kolwezi in the Democratic Republic of Congo - the epicentre of a...Read More
SHANGHAI, May 2 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke 92, driven by upbeat data of the US economy and hovered at 92.4 overnight.Most LME metals fell with the stronger US dollar. LME zinc led the declines with a loss of 1.6%, copper lost 0.87% and hit a monthly low at one point.China’s o...Read More
* Dollar breaks into positive territory for year* Oil just under $75 a barrel amid Iran deal nerves* Cautious cheer from stocks as Trump extends tariffs exemptions* Pound hurt by softer UK data* Apple results in focus after reports of weak iPhone demand* Gold hits 6-week low, emerging markets knocked by strong dollarBy Marc JonesLONDON, May 1 (Reuters) - The dollar broke into positive territory fo...Read More
Investing.com - Gold prices fell to fresh two-and-a-half month lows on Tuesday, pressured lower by a stronger dollar ahead of the Federal Reserve’s latest policy decision and the U.S. jobs report later this week.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $9.20 or 0.7% to $1,310.00 a troy ounce by 04:21 AM ET (08:21 AM GMT), the lowest l...Read More
On April 30, SQM announced that Ponce's investment vehicle Pampa Calichera and Japan's Kowa Corporation had terminated an agreement through which the Chilean has exercised power at the minerals company for the past 12 years.Read More
She has been CFO and director of the Botswana subsidiary since March 2013 and has more than 17 years' experience in the mining industry, including 10 years at the senior management level of Debswana's corporate finance department.In her new role, Lahri will work closely with Boteti general manager Johane Mchive to help drive improved performance at the Karowe diamond mine in Botswana.Read More
SHANGHAI, May 2 (SMM) – Nonferrous metals rebounded on the afternoon of May 2, buoyed by ferrous metals. SHFE lead rose 1.58% and nickel gained close to 1%. Zinc inched up slightly. Copper closed nearly 1% lower while aluminium and tin edged down.The ferrous complex rose across the board. Rebar led the increase with a gain of 4.28%. Coke and coking coal grew about 4%. Hot-rolled co...Read More