SHANGHAI, May 4 (SMM) – Spot copper in the Shanghai market was offered at a discount of 30 yuan/mt to a premium of 10 yuan/mt on the morning of Friday May 4, SMM learned.This was slightly up from a discount of 50-10 yuan/mt in the previous morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, plea...Read More
In fact, the 37% increase in oil prices to US$67.25/bbl (WTI) from last year's annual average of $49/bbl is delivering a double bonus, the benefits of which have enabled BHP's share price itself to itself consolidate at three-year highs of more than A$31 despite recent choppiness in the full suite of commodity prices.Read More
SHANGHAI, May 4 (SMM) –Copper: Technically, LME copper struggles at the 40-day moving average with support at the five-day moving average. With weak support, the SHFE 1807 contract failed to stand above the moving averages. We expect copper prices to stabilise today with LME copper trading at $6,830-6,890/mt and the SHFE 1807 contract at 51,000-51,500 yuan/mt. Spot discounts are se...Read More
"At Cerro Moro we are on the cusp of production as first ore was sent to the mill on April 25th. The start-up is progressing well with first doré production is expected in May," senior vice-president for operations, Gerardo Fernandez told analysts on a conference call.Read More
CEO Jeff Olsen said the Salt Lake City-headquartered company, which claims to be the world's leading supplier of drilling services, equipment and tooling for mining and drilling companies, saw increased rig and tooling sales. It also boasted of productivity improvements in its drilling services unit. Revenues were up US$24 million to $188 million, EBITDA was $13 million equating to a $17 mill...Read More
HiSeis was established in 2009 to commercialise the work of Curtin professors Anton Kepic and Milovn Urosevic that enabled the application of seismic technology to minerals exploration.While seismic had traditionally been used in oil and gas exploration, the technique was limited in mining due to properties of the hard rock geology usually associated with minerals.The research team was able to ove...Read More
It said in a release Thursday that it would be collaborating with UK blockchain start-up Circulor to pilot blockchain technology to create traceability of EV battery metals from mine to first use and then recycling to ensure they are ethically-sourced and continue through a circular economy.American Manganese CEO Larry Reaugh said the pilot would include mapping the lifecycle of an EV battery and...Read More
In a joint statement, the Occupational Lung Disease Working Group — representing African Rainbow Minerals, Anglo American SA, AngloGold Ashanti, Gold Fields, Harmony and Sibanye-Stillwater — and law firms Richard Spoor, Abraham Kiewitz and the Legal Resources Centre, which represented the claimants, said they had settled the class action Thursday.A R4 billion compensation fund wa...Read More
Wall Street is aghast at Elon Musk's dismissive attitude toward analysts' probing following a quarter of record (but less than expected) losses for Tesla, but the electric vehicle maker did provide some answers to questions that's been vexing the mining industry.Benchmark Mineral Intelligence, a provider of price information and research on battery supply chains, parsed the numbers after Tesla gav...Read More
Eight of the thirteen gold miners trapped underground at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) Masakhane mine in South Africa remain missing, the company said after a seismic event caused a fall of ground in an operating stope at one of the company's gold mines.Contact was made with six workers earlier on Thursday and two two were brought to surface safely, the firm said, but one of them reg...Read More
Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms.U.S. sanctions on Glencore's former Israeli partner in Congo have been a trigger for litigation. At the same time, relations with the Congolese authorities are under strain from a disput...Read More
Tel Aviv, Israel: 1 May 2018 - An Israeli leader in automated drone technology, Airobotics announced today the beginning of an exclusive distribution partnership with engineering company RockBlast to allow Chilean mining companies to utilize the advanced Airobotics system at mining sites. In the permanent search for new technologies, RockBlast became the first company to introduce a fully autonom...Read More
SHANGHAI, May 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index registered three consecutive days of gains and closed at 92.725, up 0.28% overnight.Base metals saw mixed trading. LME copper rebounded from a three-week low, and SHFE copper saw a smaller decline as the expansion in China’s manufacturing sector acc...Read More
* FTSE 100 up 0.3 pct at close* Inmarsat jumps on Q1 results* Basic material stocks shine* Ocado boosted by Swedish partnership deal (Adds details, updates prices at close)By Julien PonthusLONDON, May 2 (Reuters) - British shares traded higher on Wednesday, posting a fifth session of gains in a row as metal prices boosted miners and first-quarter earnings reports lifted the London stock market.T...Read More
* STOXX 600 climbs 0.6 pct* Tech stocks strong after Apple results relief* Miners rise on Chinese factory data* Results drive Inmarsat , Lundin, GN Store higher* DAX boosted by euro fall, Italian stocks near 9-year high (Adds closing prices, details)By Helen ReidLONDON, May 2 (Reuters) - European shares rose on Wednesday, boosted by some strong earnings updates and a rising tech sector after resu...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up, highest in three months* Inmarsat jumps on Q1 results* Basic material stocks rise* Ocado shines with Swedish partnership dealBy Julien PonthusLONDON, May 2 (Reuters) - British shares traded higher on Wednesday, set for a fifth session of gains in a row as metal prices pushed basic material stocks higher and fu...Read More
Investing.com - Gold prices rebounded from two-month lows on Wednesday as the dollar pulled away from multi-month highs amid profit taking ahead of the conclusion of the Federal Reserve policy meeting later in the day.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $4.10 or 0.31% to $1,310.90 a troy ounce by 04:10 AM ET (08:10 AM GMT).Prices of the...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, May 2 (Reuters) - European shares rose on Wednesday, boosted by some strong earnings updates and a rising tech sector after results from Apple exceeded weak expectations, while investors' focus turned to euro zone GDP figures and the U.S. Fed meeting.Shares in iPhone supplier ams AMS.S jumped 8.1 percent after Apple AA...Read More
Cypress Development Corp. (TSX-v: CYP) / (OTCQB: CYDVF) / (Frankfurt: C1Z1) killed it with their maiden NI 43-101 compliant lithium resource estimate yesterday! The whisper number was 4 to 6 million Inferred tonnes of Lithium Carbonate Equiv. ("LCE"), (which would have been a tremendous result), but Global Resource Engineering Ltd. determined there's an estimated 6.54 million metric...Read More
All of the asteroid plays have so far been private companies, so their promises are light on the detail required of those going to the public for money.This week, astrophysics researcher at Liverpool John Moores University and Asteroid Mining consultant Amanda Jane Hughes described in The Conversation what it might take for her employer to get to the mining stage.As usual, the key part is finding...Read More