Investing.com - Gold prices headed higher on Wednesday as the latest tit-for-tat in trade tensions between the U.S. and China caused flight to the safe haven precious medal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were last up by $7.20, or around 0.5%, to $1,344.50 a troy ounce at 10:38AM ET (14:38GMT).China's commerce ministry announced Wednesday re...Read More
(Repeats earlier story for wider readership with no change to text. The opinions expressed here are those of the author, a columnist for Reuters.)* GRAPHIC: China's BRI initiative: http://tmsnrt.rs/2njAVmwBy Clyde RussellHONG KONG, April 4 (Reuters) - China's Belt and Road Initiative (BRI) is one of those rare things that virtually everybody seems to have heard about, but equally, very few people...Read More
(The opinions expressed here are those of the author, a columnist for Reuters.)* GRAPHIC: China's BRI initiative: http://tmsnrt.rs/2njAVmwBy Clyde RussellHONG KONG, April 4 (Reuters) - China's Belt and Road Initiative (BRI) is one of those rare things that virtually everybody seems to have heard about, but equally, very few people can actually claim to have a detailed understanding of what it mean...Read More
Investing.com - Gold prices rose to the days highs on Wednesday as safe haven demand for bullion was boosted by escalating trade tensions after China announced countermeasures against the latest U.S. tariffs.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose $6.90 or 0.51% to $1,344.10 a troy ounce by 04:02 AM ET (08:02 AM GMT).Worries that protectionist...Read More
Copper prices have gained around 36% over the past 18 months turning mines that were once loss-making into profit generators.Read More
Craig Thomas has run the Namibia-focused miner since 2015, after being promoted from COO.Weatherly had to push back a loan repayment due to Orion Mine Finance on March 31, and has seen a precipitous fall in its share price recently. A three-year peak in mid-February of £0.023 (US$0.032) per share came before more announcements about the financial situation, triggering the 70% fall to &p...Read More
As a broad statement, it's hard to disagree with; Donald Trump and his administration have made life easier for miners through cutting regulation and forcing a change of attitude from the permitting authorities, on top of handing back cash through tax cuts.Read More
He spent eight years at the copper miner and smelter company, first as COO and then the last three years as CEO.Thomas has agreed to continue his role in the interim period to ensure a smooth transition process and allow operations to continue without interruption.No replacement has been announced yet, but the company said it would review the most appropriate management structure going forward and...Read More
The raising comes a week after W Resources received a €5.3 million (US$6.6 million) grant from the Junta de Extremadura government, as well as a US$35 million loan facility from BlackRock, both to advance the La Parrilla tungsten and tin project in Spain.It placed 300 million ordinary shares at £0.005/share to new and existing shareholders, with an application for the new ordinary share...Read More
The company outlined a 29% production drop in the March quarter due to higher rainfall and lower evaporation rates.It said although production in the June quarter was expected to be significantly higher, its full year production would be about 10% lower than expected.In London, diversified miner Anglo American (LN:AAL) fell 3.17%. Reports have emerged it will be fined BRL125.6 million (US$37.7 mil...Read More
The reinstatement was subject to conditions including plant construction starting within three months, commissioning by September 30 and first production by December 30.Read More
Muttenz-headquartered Clariant expects to see growth across its core care chemicals, catalysis, natural resources, and plastics and coatings businesses.The Trump US government is lowering company taxes and has generally overseen a period of increased business confidence, investment and employment over the past 12 months."Clariant is … excited about its plans for growth over the next four ye...Read More
"Every ugly incident in the mining industry is a call for you to do something better," he said Thursday as he addressed stakeholders on his visit to the Modikwa platinum mine in the Limpopo province. Read More
Nationally-recognised courses in automation are expected to be available at WA TAFE colleges and high schools next year, announced at a launch in Perth yesterday attended by dozens of resources industry heavyweights.It comes after Rio committed A$2 million last year to develop the new qualifications.Rio Tinto Iron Ore chief executive Chris Salisbury and Education and Training Minister Sue Ellery i...Read More
The company said in February that Anglo American (LN:AAL), Nexa Resources SA (CN:NEXA) and Vale SA (BZ:VALE3) had staked about 3.5 million hectares on the belt, adding yesterday that Anglo and Nexa had largely surrounded Altamira's 12 projects."The catalyst for this staking rush is a rumoured porphyry copper discovery in the eastern part of the Juruena belt," Altamira said.It said recently it beli...Read More
MICROMINE is pleased to announce the release of Geobank 2018, the latest version of the industry leading, secure and flexible data management solution, is now available for download.Geobank 2018 delivers to our users improved usability, functionality and performance, with a variety of benefits relevant to both exploration and mining operations.Commenting on the release, Geobank Product Strategy Ma...Read More
BHP said in December it would quit the group but gave it a few months to respond.Now the miner has confirmed its exit."In light of the material difference identified by the review and the narrow range of activities of benefit to BHP from membership, BHP has reached a final view that it will cease membership of the WCA," it said in a statement.Advocacy group the Australasian Centre for Corporate Re...Read More
The IPP procurement is the largest by the Department of Energy to date, representing R56 billion (US$4.7 billion) of investment and adding about 2,300MW of mostly wind- and solar-generation capacity to the country's grid over the next five years.The agreements were meant to be signed on March 13, but were delayed after the National Union of Metalworkers of South Africa (NUMSA) and Transform RSA tr...Read More
Researchers at Duke University used silver-coated copper nanowires and silicon rubber to create a new conductive "felt" that can be easily patterned onto fabrics to create flexible wires. The felt carries electricity even when bent, stretched and twisted over and over again. This means that it could be used to embed electronics such as fitness trackers and health monitors into shirts, hats, and sh...Read More
Altamira Gold (TSXV: ALTA) has joined what some are calling a "staking rush" in Brazil's Juruena Belt, located in the western Mato Grosso state.By adding 52,378 hectares and increasing the company's land positioning to over 200,000 hectares in the area, Altamira mimics the strategies advanced by Anglo American (LON: AAL) and Nexa Resources, who acquired over 3 million hectares of claims back in Se...Read More