Patrick Cheetham, executive chairman of Sunrise Resources Plc (LON:SRES), tells Proactive's Andrew Scott they've signed a non-binding memorandum of understanding (MOU) that will pave the way for the first sales of perlite from its CS Pozzolan-Perlite project in Nevada, USA.Cheetham says under the terms of the MOU the parties would negotiate a purchase and sales agreement to sell/buy a minimum quan...Read More
Montreal, QC, April 25 2018 - The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is proud to announce that its new Incoming President Elect for 2020-2021 will be Samantha Espley, Vale's Director of the Technical Excellence Centre of Mining and Mineral Processing."I feel honoured to be asked to lead CIM. It's an amazing feeling," said Espley, who is looking forward to the learning...Read More
(Bloomberg) - As the breeze comes in from the Baltic Sea in the Polish port of Gdansk, workers are preparing to turn sheets of hard, black steel normally used in ship sections into 500-ton tubes for offshore wind turbines.Forever known as the birthplace of the Solidarity movement that helped topple communism in eastern Europe, the former Lenin Shipyard is aiming to be at the forefront of a revolu...Read More
(Bloomberg) - The economic case for mining coal to generate electricity in the U.S. continues to fade.Arch Coal Inc., the second-largest U.S. producer by tonnage, said Thursday it was cutting production at its biggest mine, citing weak demand from power plants. The company expects output from the Black Thunder mine in Wyoming will be between 62 million and 68 million tons this year, down from 70....Read More
MOSCOW, April 27 (Reuters) - Russia's Rusal will be forced to quit the global aluminium market and focus on domestic consumers if the U.S. does not lift sanctions once an independent board is in place, a source familiar with the matter said.Washington this month imposed sanctions on billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, in response to...Read More
BEIJING, April 27 (Reuters) - Jiangxi Copper Co, one of China's top copper producers, posted its biggest quarterly profit in 3-1/2 years on Friday thanks to higher copper prices.Net income for the first quarter of 2018 came in at 766 million yuan ($120.9 million), up 41.5 percent from a year earlier, the Nanchang-based company said in a filing to the Shanghai Stock Exchange.The result is the highe...Read More
STOCKHOLM, April 27 (Reuters) - Sweden's Sandvik, the world's biggest maker of metal cutting tools, has agreed to buy measurement technology company Metrologic Group for 360 million euros ($435 million) to strengthen its position in digital manufacturing.Sandvik said on Friday it was buying the French software company from private equity firm Astorg Partners.Metrologic specialises in metrology, an...Read More
LONDON/BEIJING, April 27 (Reuters) - Multiple shipments of alumina are being exported from China, with major suppliers agreeing deals of up to 500,000 tonnes, in a rare move prompted by supply problems after U.S. sanctions on Russian producer Rusal.China is the biggest global producer and consumer of alumina, a compound extracted from bauxite ore that is smelted into aluminium metal.The sanctions...Read More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
NEW YORK, NY / ACCESSWIRE / April 26, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...Read full newsRead More
ZUG, Switzerland, April 26, 2018 /PRNewswire/ --Jinbi Token (https://jinbitoken.io/), a UK and Switzerland-based...Read full newsRead More
TORONTO ,April 24, 2018/CNW/ - RNC Minerals (RNX.TO) (Read full newsRead More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
Chinese authorities intervened this week in favour of Tianqi's attempt to grab a 32% interest in Chile's Chemical and Mining Society (SQM), the world's second largest lithium producer, saying that any efforts to block the $5 billion deal could "leave negative influences."According to Chilean newspaper El Mercurio (in Spanish), Chinese Ambassador Xu Bu openly condemned the move by the country's d...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for June delivery gained 14 cents to $68.19 on the New York Merc, while Brent for June gained 74 cents to $74.74 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.85 to...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Thursday was a mediocre 66-81-145. The TSX Venture Exchange fell fractionally to 783 while polished diamond prices gained 0.1 per cent. Hugh Stoyell and Johnny Blizzard's Katanga Mining Ltd. (KAT...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $5.70 to $1,316.90 on Thursday. The TSX Venture Exchange fell 0.74 point to 783.05 while the TSX Gold Index added 0.77 point to 191.89 New Gold Inc. (NGD) led Canadian gold miners lower today. It slid 21 cents t...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange lost a fraction to 783.05 Thursday. Ravinder Mlait has filed a preliminary prospectus to list his first capital pool shell, Brockton Ventures Inc., with a $200,000 initial public offering at 10 cents through Le...Read More