SHANGHAI, May 2 (SMM) –Copper: LME copper fell under the pressure of stronger US dollar during the Labour Day holiday. Technically, it now stands below all moving averages and without support. We expect it to trade at $6,740-6,800/mt today with the SHFE 1806 copper at 51,000-51,500 yuan/mt. Spot discounts are seen at 100-50 yuan/mt with May invoices.Aluminium: LME aluminium is expe...Read More
Numis has adjusted its target price from £8 (US$10.85) to £6 on the back of "industrial unrest" at its Tongon mine in Côte d'Ivoire, a mining code upheaval in the Democratic Republic of Congo that hosts its Kibali joint venture, and "recent unrest" in Mali, where it runs the massive Loulo-Gounkoto mine complex. This is despite a company statement early this week that, while...Read More
The countdown is on to GT Gold picking up where it left off as heavy winter snow set in on the alpine mountain slopes and valleys at Tatogga in October last year, temporarily freezing drilling activity that had already revealed one part of an extensive, dense vein system (Saddle South) with grades as high as 51.53 grams per tonne over 6.95m in near-surface drill intercepts, and a nearby copper-gol...Read More
A group of shareholders, who say they represented interests with more than US$3.5 trillion under management, put forward a resolution on public policy advocacy on climate change and energy by relevant industry associations.The resolution proposed that Rio listed all payments made to industry groups, evaluate whether advocacy positions taken by those groups served the company's financial and energy...Read More
The need to embark on wrenching cultural change was a key takeaway from a panel of mining innovation executives and those working for technology companies trying to help the industry catch up with advances already commonplace in manufacturing and other industries.Read More
Supply constraints affecting cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars, could slow production rates of such power storage units in the near term, Moody's Investors Service has warned."Declining ore grades for copper, continued lack of investment in new mines and the time required to bring new discoveries to production will constrain metal avai...Read More
Apr 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of April 27, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------------ SHORT TERM RATINGS: ------------------- Aditya Birla Fashion AndCP ProgrammeICRA A1+12500 Re-affirmed Retail Ltd Alm Food Products LtdST FBLICRA A4+1...Read More
Investing.com - Gold prices fell on Monday, nearing their recent five-week lows as waning geopolitical tensions and a stronger dollar weighed on demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $5.10 or 0.38% to $1,318.30 a troy ounce by 04:40 AM ET (08:40 AM GMT), re-approaching the five-week low of $1,315.70 set on T...Read More
And for at least one big global bank the emergence of alternative sources of financing, and in particular private debt, is seen as a positive trend of which it is looking to actively take advantage, at least while syndicated debt remains challenging.Read More
Last week index score: 45.59 (updated)This week: 37.75Oreninc: Interview Session with Mickey Fulp - Episode 22 now liveThe Oreninc Index fell in the week ending April 27th, 2018 to 37.75 from an updated 45.59 a week ago as the number of deals fell despite some broker action returning.A calmer and less volatile week all round with the presidents of North and South Korea meeting for the first time i...Read More
Recent activity in exploration and acquisitions in North America for the next supply of platinum reveals a troubling situation for South African platinum mining, which presents opportunities for platinum companies in safer jurisdictions.If you conduct a brief survey of headlines about platinum mining in South Africa, a stark picture is revealed.JP Morgan Cazenove recently reviewed the SA platinum...Read More
The company announced positive drilling results - including visible gold - from Union Reefs, where the processing plant is located.Read More
Mining Journal: What brought on the London listing?Read More
The PEAs cover its Mato Bula gold-copper project, Da Tambuk gold project and 70%-owned Terakimti gold heap leach project, all within 15km of each other in northern Ethiopia.Read More
In March, ASIC launched Federal Court proceedings relating to statements in Rio's 2011 annual report that were allegedly misleading or deceptive.Read More
Premier said it had accepted Arc's offer of 6.13 million Arc shares, or about 1.9% of Arc's enlarged share capital.When the offer closes May 10, the company, formerly known as Ortac Resources, will own 95.9% of Casa, which holds a 71.25% stake in the 1.57 million ounce inferred resource Akyanga gold deposit in the Democratic Republic of Congo.Arc started a comprehensive soil sampling programme at...Read More
Although the company reported an operating loss of US$9.4 million, this was an improvement from the loss of $15.6 million seen in 2016. Loss per share was 0.8c, down from a loss of 3.2c/share the previous year.Revenue for the year edged up 1% on the year to $28.3 million, although EBITDA fell 52% to $2.2 million and cash flow from operations dropped 73% to $1.3 million.Rambler milled a record thro...Read More
RESOURCEStocks: First of all, White Rock recently raised significant capital for the upcoming summer drilling in Alaska, and other corporate development. What did the raising say about the market appetite for the company's dual development focus and one stream of it in particular?Matt Gill: Our recent capital raising comprised a placement to raise A$1.6 million and a rights issue to existing share...Read More
Under the agreement, the two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources.Both companies now have a Zimbabwe diamond database, with Vast acquiring its database in September 2008 and carrying out exploration using the data until 2010, and Botswana independe...Read More
The country is also aiding those interested in exploring for minerals by providing detailed cartography for free and making its laboratories available at cost, under-secretary of mining Mario Alfonso Cantú Suárez told Mining Journal.Read More