SANTIAGO, March 8 (Reuters) - Chile's state-owned mining company Codelco, the largest copper producer in the world, received environmental approval this week to build a $1 billion desalination plant to supply water to its operations in the country's northern region.The go-ahead from the Antofagasta region's environmental regulator will allow the company to expand its Radomiro Tomic mine and advanc...Read More
Spending in mining and exploration in Canada's British Columbia saw increasing signs of life in 2017, growing for the first time in five years, according to the results of an EY survey released this week.Exploration spending increased 20% across the province in 2017, reaching $246 million, compared with $205 million in 2016. The increase was largely driven by gold exploration, which totalled $37 m...Read More
The Democratic Republic of Congo imminent law that more than double the tax miners operating in the country pay on exports of cobalt, will severely affect buyers of the metal, a key component in the lithium-ion batteries that power electric cars and mobile phones."Given the tight nature of the cobalt market at present, we would expect miners to attempt to pass through higher royalty costs to c...Read More
Swedish mining company Boliden (STO: BOL) won't have to pay over $12 million (100 million Swedish crowns) in compensation for health problems allegedly caused by toxic waste it dumped in northern Chile, a court ruled Thursday.The lawsuit filed in 2013 by around 800 residents of the city of Arica, in northern Chile, alleged Boliden exported 20,000 tonnes of mining waste in the mid-1980s, despite kn...Read More
Nevada Copper has had both its Pumpkin Hollow copper underground mine project in Nevada and its balance sheet re-engineered over the past 12 months, putting it in somewhat rare space in the sector. Gill says the development pipelines of both major copper producers and aspirants are bereft of significant new projects in any sort of position to respond to surging copper prices.Majors are not yet rea...Read More
The government of British Columbia revealed today the timeline that will guide the procedures to reform the province's environmental assessment process.Known by its initials, the EAP is a course of action to predict environmental effects of proposed initiatives, particularly mining and resource extraction projects, before they are carried out. In general, an EAP should identify potential adverse e...Read More
By Amedee MwarabuKINSHASA, March 7 (Reuters) - Democratic Republic of Congo President Joseph Kabila will soon sign into law a new mining code that is vigorously opposed by industry, according to the government and mining companies.The announcement followed a nearly six-hour meeting on Wednesday between Kabila and mining executives in Kinshasa about the new code, which will raise taxes and remove a...Read More
* Estimated mine value has fallen to $400 mln -sources* Sale prospects complicated by new mining code in DRC* ERG aims to reduce $6 bln debt burdenBy Clara Denina and Dasha AfanasievaLONDON, March 7 (Reuters) - Debt-laden Kazakh miner Eurasian Resources Group (ERG) has revived efforts to sell its Frontier copper mine in Democratic Republic of Congo (DRC) despite a drop in valuation to about $400 m...Read More
Mining giant Rio Tinto (ASX, LON, NYSE: RIO) is expanding its driverless trucks fleet in Australia by introducing 15 autonomous vehicles to a new mine in the Pilbara region.The trucks, to be deployed later this month to the West Angelas iron ore mine, are fitted out with the company's in-house autonomous haulage system (AHS), AAP reported.West Angelas, run by Rio's Robe River joint venture partne...Read More
The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving averages and at the lower end of their...Read More
SHANGHAI, Mar 7 (SMM) – China is likely to eliminate its dependency on overseas refined copper and move to develop foreign copper ore supplies by optimising its industry, SMM believes.China will intensify efforts to improve capacity structure and reorganise steel, coal and power enterprises, said deputy director of the National Development and Reform Commission (NDRC) Nin...Read More
Barclays analyst Dane Davis said Chinese data arriving in mid-March would set the tone for copper's price for the month as the market waits on demand indications from the world's biggest consumer of the red metal.Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistEvery year, a vast amount of copper is used by the global economy to manufacture a wide variety of goods.It's a major ingredient in big-ticket consumer goods like autos, appliances, electronics, and new homes. Simultaneously, copper is also gobbled up for many industrial uses including telecommunications, utilities, construction, and industrial...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More
SHANGHAI, Mar 6 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday March 6 as SHFE copper, aluminium and nickel edged up, while SHFE zinc lost over 2%. Lead and tin both fell close to 1%.The ferrous complex continued to weaken with iron ore slipping close to 2%. Coke and hot-rolled coil were down almost 1%, while rebar and coking coal edged down slightly.Copper: SHFE copper touch...Read More
SHANGHAI, Mar 6 (SMM) – The purchasing managers’ index (PMI) for China’s copper downstream industries is expected to be 54.61 in March, according to SMM survey. This would compare with 38.43 in February. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cnRead More
Highlights• LiDAR elevation survey scheduled during the June quarter • Mobilisation to occur in March, drilling to commence in April • Long term diamond drill contract awarded for Misima Gold Project • Study of structural controls to mineralisation nearing completion • Mapping and channel sampling program ongoingKingston Resources Limited (Kingston or the Company) is pleas...Read More
The growing interest and investment in electric vehicles (EVs) and energy storage requires you to better understand the lithium, cobalt, nickel and graphite markets.The Battery Raw Materials Service provides the industry's most comprehensive analysis of this booming market within the metals sector, integrating our leading coverage of the energy 'decarbonisation' story with world-class metals analy...Read More
Get actionable data and analysis straight from our store in just a few clicks. Our report, insights and studies are easy to find by industry sector or commodity type.Areas of expertise include:Power & Renewables: Whether you want to spot the next regulatory trend or understand how the switch from coal will impact the market, we have more than 70 reports covering nuclear, solar, gas, wind...Read More
Different markets, different cycles. Mining companies suffered for their sins in the downturn a little earlier than the oil and gas sector. Now they are emerging into a new upturn, also ahead of the game. What challenges do they face that oil and gas companies might learn from? I asked Julian Kettle, Vice Chairman of Metals and Mining Research, to share his thoughts. A battle...Read More