SHANGHAI, Apr 9 (SMM) –Copper: LME copper rebounded to a high of $6,870/mt last Friday due to a weaker US dollar. In the short term, the upward trend for copper prices will face resistance as a China-US trade war continues to brew. We see LME copper trading at $6,740-6,800/mt with the SHFE 1805 contract at 50,000-50,600 yuan/mt today. On the spot market, we see premiums slightly lower at 10-...Read More
The department said in its March Resources and Energy Quarterly report the Japanese fiscal year (JFY) benchmark price for the April 2018-March 2018 period was likely to settle at US$100 per tonne for Australian coal shipped from Newcastle port to Japan.Read More
The company announced on Friday it had started arbitration proceedings against a Hong Kong company, Tanzanian Goldfields Company, alleging it had failed to adhere to a contractor and option-to-purchase agreement over its Tanzanian assets.Read More
Torex had said in January that an illegal blockade by an external union at its ELG mine complex had been removed, giving it access to the main plant, accommodation facilities, security for the main plant site, and for the El Limon Pit, enabling processing to restart on January 16.Read More
The company said a contractor crew of eight was working inside the reclaim tunnel of the Ahafo mill expansion project when the roof collapsed. Two escaped with minor injuries."Operations at Ahafo have been suspended, and the Ahafo mill expansion project will be suspended until Newmont is satisfied that work can recommence safely," the company said in a statement.President and CEO Gary Goldberg ext...Read More
The project is part of the company's plans to stop using fresh water altogether in Chile from 2030.The new 2,500l/s plant is in addition to the existing 525l/s plant which has been operating for 12 years.BHP said the investment covered two pipelines that took the water 3,200m above sea level, four high-pressure pumping stations, a reservoir at the mine and high-voltage electricity infrastructure t...Read More
Bottle Creek drilling program is ahead of schedule with the receipt to date of 1,600m of RC drilling results from the Emu Deposit at Bottle Creek, WA.Gold assays and multi-element assays have been received with results up to 23.4 g/t Au1, 29 g/t Ag and 0.57 % Pb2 returned.Please click here for full announcementRead More
Alt Resources Limited (ASX: ARS) is a junior ASX listed gold exploration company whose main focus is on its group of gold assets lying within the Mt Ida Gold Belt, situated in the South Central region of Western Australia, namely Bottle Creek, Quinn's and Mt Ida gold projects, along with polymetallic exploration tenements in NSW prospective for gold, silver, copper, zinc and lead at the Paupong an...Read More
U.S.-based construction firm Fluor Corp subcontracted earth-moving work on the Quellaveco copper mine in Peru to local company Grana y Montero, in a sign the stalled $5 billion project could be reactivated.Grana said in a statement it had won a tender from Fluor for $53.9 million for work on Quellaveco, which is controlled by miner Anglo American. The work would last about 16 months, Grana said.Fl...Read More
Investing.com - Gold prices turned around from early morning losses on Friday as a disappointing jobs report and escalating trade tensions between the U.S. and China spurred demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange slipped $8.90, or around 0.7%, to $1,337.40 a troy ounce at 10:51AM ET (14:51GMT).Gold has been on a whirlw...Read More
Investing.com - Gold prices underwent volatility on Friday after news that the U.S. is planning to slap another $100 billion tariffs on China.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange slipped $1.40, or around 0.1%, to $1,327.10 a troy ounce at 4:21AM ET (8:21GMT).Having closed a day earlier at $1,328.50, gold traded Friday in a range from $1323.20 to...Read More
April 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 38 points lower at 7,161 on Friday, according to financial bookmakers.* CONGO MINING: International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. COPPER: Copper rose 1.4 percent on Thursday as fading concerns over the...Read More
Appetite for copper-mining assets is picking up after prices climbed in 2017 to the highest level in seven years, amid disruptions that worsened a shortfall in supply. The metal rally, however, has weakened since prices climbed to a three-year high in late December, and prices could become volatile unless the industry solves what Colin Hamilton, director of commodities research at BMO Capital Mar...Read More
Investing.com - Gold prices fell on Thursday as risk appetite recovered amid investor bets that recent tariff announcements by the U.S. and China are negotiating tactics and the countries will ultimately reach a compromise.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were last down by $13.10, or around 1%, to $1,327.20 a troy ounce at 10:46AM ET (14:46GM...Read More
Investing.com - Gold prices fell on Thursday as risk appetite recovered amid investor bets that recent tariff announcements by the U.S. and China are negotiating tactics and the countries will ultimately reach a compromise.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $10.20 or 0.75% to $1,330.00 a troy ounce by 03:30 AM ET (07:30 AM GMT).Prices of t...Read More
Petrov was at FQM between 2011 and 2016. In 16 years as an exploration geologist he has also worked at Dundee Precious Metals, Newmont Mining and Ivanhoe Mines."We believe Nikolay's extensive experience, network and skillset will prove invaluable to our efforts moving forward," said Black Sea president and CEO, Vince Sorace."Black Sea has an excellent technical team capable of generating and evalu...Read More
Pembridge is currently suspended from London's main board because the US$37.5 million deal for the Minto copper mine in Yukon includes a share handover and counts as a reverse takeover.Paul Fenby has joined as CFO from Indonesia-focused Asia Resource Minerals.Pembridge CEO David Linsley said Fenby would be critical to the return to the LSE."The role of CFO is a vital one for our company as we move...Read More
Tom Kaplan's Electrum has earned 60% of Cerro Las Minitas by spending US$5 million on exploration. Southern Silver remains the JV operator.The pair has committed a further $3 million for exploration this year.The new 13,000m planned campaign will include up to 10,000m of core drilling on and along strike from the promising Skarn Front deposit, out to the south-east in the Las Victorias target area...Read More
The private placement at $1.12 per common share subscription receipt is part of Nemaska's overall project financing plans to raise US$775-825 million to fund the construction and commissioning of its Whabouchi mine and Shawinigan plant project in Quebec, Canada, as well as for general working capital.Read More
It reported output of 2,964 ounces of gold for the quarter from the Pampalo gold mine in eastern Finland, dropping 5.8% from the January-March 2017 period.Read More