Investing.com - Gold prices moved higher on Wednesday, as the dollar saw little movement and investors looked ahead to references from the Federal Reserve.Comex gold futures gained $6.40, or around 0.5%, at $1,355.90 a troy ounce by 10:32AM ET (14:32GMT), while the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slipped 0.04...Read More
By: Paul FarrugiaGold and silver mining stocks face increased risks and uncertainty in 2018, not seen by investors and mining management teams for quite some time. Many of the top risks to gold stocks are related to geopolitical and financial, which will only compound the already high operational risks. Many of these top risks to gold stocks can be applied to silver stocks and any commodity stocks...Read More
Revival CEO Hugh Agro told Mining Journal there had been a resurgence of mining activity in the US and "some real positive developments in terms of the recognition of mining's role in the economy".Read More
The miner, which floated on AIM last year, has released a preliminary economic study it says shows the viability of restarting the openpit project.Read More
Levon has filed an updated preliminary economic assessment for Cordero, which outlines capex of US$570 million for a 29-year mine at 46.5g/t silver-equivalent, to produce concentrates containing 231 million ounces silver, 2.86 billion pounds of zinc, 1.99 billion pounds of lead and 0.35Moz of gold.Read More
While manganese ore production for the March quarter dropped by 10% over the December period, output for the first nine months of the financial year rose by 13% to 4.2 million tonnes.Read More
SHANGHAI, Apr 19 (SMM) – Nonferrous metals futures carried over their strong performance today, with SHFE nickel surging over 4% and aluminium jumping over 3%. Zinc gained close to 3%, copper rose over 2%, lead went up over 1%, and tin inched up slightly.The ferrous complex also rose across the board. Iron ore led a gain of 6.5%, coke surged over 3%, coking coal rose 2.5%, with rebar up 2% a...Read More
Iron ore shipments for the quarter were 58 million tonnes, up 8% year-on-year, but down by 6% quarter-on-quarter.UBS had forecast a strong rise in shipments to 68Mt, with BHP even missing RBC Capital Markets' more conservative estimate of 61Mt.The company said the result was impacted by unplanned car dumper maintenance issues, with work now underway to improve availability.Production for the nine...Read More
However its iron ore production guidance was reduced, due to car dumper issues, and its Olympic Dam guidance was also reduced after a slower than planned ramp-up following major smelter maintenance.Its full year guidance for petroleum and coal were unchanged and its copper-equivalent production was expected to rise 6%.On the other side of the world and at the smaller end of town, junior Goldex Res...Read More
SHANGHAI, Apr 19 (SMM) – Spot copper in the Shanghai market was offered at a premium of 270-350 yuan/mt over the SHFE 1805 contract on Thursday April 19. This compared with a premium of 260-330 yuan/mt in the previous day.Sellers raised offers to a premium of 350 yuan/mt in the morning as SHFE copper gained nearly 1,000 yuan/mt overnight. However, premiums were lowered to 260-300 yuan/m...Read More
The programme, called GemFair, will create a secure and transparent route to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds."GemFair will use dedicated technology to record ASM production at mine sites that meet demonstrable ethical standards, with the aim of purchasing rough diamonds from approved locations while helping improve working conditions and livelihoods for...Read More
SHANGHAI, Apr 19 (SMM) – China will ban imports of 16 more scrap metal and chemical waste products from December 31, 2018, according to release by the Ministry of Ecology and Environment (MEE) on Wednesday April 19. This includes Category Seven copper scrap materials, such as waste electric motors, that account for two-thirds of China's imports of copper scrap. W...Read More
The 2017 first-quarter production level was 205,314oz Ag-eq.Excellon said the 100%-owned mine in Durango, Mexico, produced 194,462oz of silver (up 80% on Q1 2017), 2.3 million pounds of zinc (plus-158%), and 1.3Mlb of lead (plus-109%)."We worked through challenges early in the quarter and had an excellent finish, exceeding our previously indicated projections," Excellon president and CEO, Brendan...Read More
SHANGHAI, Apr 19 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched up slightly overnight, buoyed by the rise in US treasury yield rate and the upbeat economic growth.Base metals rose across the board. LME aluminium hit a fresh high since August 2011 with a 5.7% increase. LME nickel surged close to 7% and hit a three-ye...Read More
SHANGHAI, Apr 19 (SMM) –Copper: A strong LME copper provided support to SHFE copper overnight. Technically, LME copper stood above 10-day moving average and tested above the 60-day moving average. It is likely to trade at $7,000-7,060/mt with the SHFE 1805 contract at 51,500-52,000 yuan/mt today. As prices of futures gained, spot prices offered are likely to dip with premiums expected a...Read More
The deal is part of Weir Group's focus on positioning itself as a mining services provider with mission critical market offerings from extraction to concentration.To better align with this approach, Weir will also be selling its Flow Control division, which makes valves. It wants to focus its portfolio on highly abrasive after-market applications in minerals and oil and gas.Esco is a 105-year-old...Read More
19 April 2018 - RCT has helped the world's largest underground copper mine, El Teniente, successfully and safely mine in mud, in what is believed to be a world-first mining method in these conditions.This impressive feat was facilitated by the company's specialised department, RCT Custom. The bespoke team helped deliver a state-of-the-art ControlMaster (R) Automation solution allowing the copper...Read More
Argentina's Deputy Secretary of Mining Policy, Mario Capello, said today that both the federal and the provincial governments have to work together towards relaxing the Glacier Law so that it becomes easier to develop Patagonia's massive copper deposits.According to the state-owned news agency T?(C)lam, Capello said that such deposits have the potential for producing 1 million tonnes of the red me...Read More
BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while reporting an 8 percent rise in third-quarter iron ore production.The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.It also narrowed its full-year copper guidance to 1.70-1.785 million tonne...Read More