Billionaire Andrew Forrest is studying a proposed 1,500-mile (2,400-kilometer) transcontinental natural gas pipeline as part of his iron ore company's strategy to diversify and to boost Australia's power supply network.Fortescue Metals Group Ltd. confirmed it has undertaken work for a duct that would link the gas-rich state of Western Australia with fuel-strapped East Coast power markets where the...Read More
Mining Capital's Alastair Ford discusses lithium, copper and the electric vehicle revolution.''It's an interesting dynamic, the lithium industry, on the one hand the price has been strong, it remains strong and we've seen a doubling in the price over the last 12 months and the price has tripled since 2015 ....but some pundits in the market are beginning to wonder how long this can last''.''A...Read More
(Bloomberg) - A former lobbyist for one of the largest U.S. coal mining companies won confirmation to be the Environmental Protection Agency's No. 2 official, putting him in position to take over the agency, at least temporarily, if embattled Administrator Scott Pruitt were to leave.Andrew Wheeler, a former Republican Senate staffer whose client list at lobbying firm Faegre Baker Daniels LLP incl...Read More
Ontario is investing in 16 local breweries to help expand economic opportunity, increase tourism and create jobs across the North.Michael Gravelle, Minister of Northern Development and Mines, was joined by Bill Mauro, MPP for Thunder Bay-Atikokan today at the Sleeping Giant Brewing Company in Thunder Bay to make the announcement. The microbrewery received funding through the Northern Ontario Herit...Read More
Shares in Canada's Nemaska Lithium trading in Toronto jumped 4.7% at the open on Friday after the company inked a $150m streaming deal with private equity giant Orion Mine Finance.The streaming agreement - an upfront investment in exchange for a share of future production, usually at a steep discount - lifted the Quebec City-based company's market value to $412m.Nemaska is building the Whabouchi h...Read More
LONDON (Reuters) - Banks' metals-related revenues exceeded their earnings from the oil sector last year for the first time since 2014 as low and relatively stable crude prices discouraged hedging activity, but this is unlikely to be the start of a new trend.Banks' commodity revenue has been on a steady downward path in recent years as they have exited or slimmed down their commodity businesses due...Read More
(Bloomberg) - It's been an unprecedented week for aluminum.The U.S.'s decision to blacklist United Co. Rusal, the world's second-biggest aluminum maker, set off a rush to secure supply. Prices rose by a record this week, with ripple effects felt by car makers in Atlanta, Swiss commodity traders and processing plants in the Irish countryside."There's a scramble to replace Russian material with non...Read More
LONDON, April 13 (Reuters) - Rio Tinto said it will declare force majeure on certain customer contracts after the U.S. imposed sanctions on its partner Russian aluminium producer Rusal.The mining group said on Friday it was working with its customers to minimise disruptions to supply and would fully comply with U.S. sanctions.Rio also said it was reviewing Rusal's 20 percent stake in the Queenslan...Read More
LONDON/HONG KONG, April 13 (Reuters) - China Molybdenum International (CMOC) Chief Executive Kalidas Madhavpeddi has left the company and the parent group's Executive Chairman Chaochun Li has replaced him as acting CEO.A China-based spokesman said the move was a normal personnel change, adding "having the chairman serve as overseas CEO at the same time shows the company's emphasis on the overseas...Read More
A young gold miner works in Makala gold mine camp near the town of Mongbwalu in Ituri province, eastern Democratic Republic of Congo. REUTERS/Goran TomasevicRead full newsRead More
A young gold miner works in Makala gold mine camp near the town of Mongbwalu in Ituri province, eastern Democratic Republic of Congo. REUTERS/Goran TomasevicRead full newsRead More
Brio Gold :Read full newsRead More
K92 Mining Inc:Read full newsRead More
Anaconda Mining sells 4,526 ounces of gold in Q1 2018, generating $7.6M in revenueRead full newsRead More
Peter Munk, who has died aged 90, was a Hungarian-born immigrant to Canada who built the world’s largest gold mining company.Read full newsRead More
Peter Munk, who has died aged 90, was a Hungarian-born immigrant to Canada who built the world’s largest gold mining company.Read full newsRead More
Image: GlencoreZinc hit a four month low of $3,135 a tonne on Thursday, down more than 12% from its decade high achieved mid-February.Rising fears about trade protectionism have taken the shine off most base metals but zinc's bearish outlook has more to do with new supply; and lots of it.The metal, mainly used to galvanize steel, has more than doubled since hitting multi-year lows in January 2016...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 May delivery gained 25 cents to $67.07 on the New York Merc, while Brent for June lost four cents to $72.02 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.80 to W...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 positive 86-78-120. The TSX Venture Exchange rose four points to 782 while rough diamond prices gained 0.2 per cent this week. Bruce Counts's Lithoquest Diamonds Inc. (LDI) continu...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 $18.50 to $1,334.30 on Thursday. The TSX Venture Exchange rose 4.66 points to 781.37 while the TSX Gold Index lost 1.96 points to 186.60. Canadian gold miners lost ground today, with Fred Stanford's Torex Gold R...Read More