SANTIAGO/LONDON, April 10 (Reuters) - The London Metal Exchange will suspend Rusal's aluminium from its list of approved brands from April 17 after some members raised concerns about settling LME contracts with sanctioned companies, the exchange's chief executive told Reuters.Last week the U.S. Treasury Department imposed sanctions on seven Russian oligarchs and 12 firms they own or control, sayin...Read More
(Bloomberg) - The next big thing for batteries may have fizzled out years ago.Remember graphene? The advanced material - made up of a lattice of carbon atoms - may be poised for a comeback, albeit a quiet one, Bloomberg New Energy Finance analyst Julia Attwood said in a presentation at the BNEF Future of Energy Summit on Tuesday. Researchers are studying ways to use graphene in batteries, and the...Read More
The headline PPI Final Demand YoY print of 3.0% is higher than expected and back to last year's highs, but core PPI surged to 2.7% YoY - the highest since Sept 2011.Read full newsRead More
LONDON, April 10 (Reuters) - Petra Diamonds said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year.The London-listed miner started talks with its banks earlier this year after the confiscation of a consignment of its diamonds by Tanzania and a labour strike at its South African mines put i...Read More
Michael Jones, CFO at Tharisa Plc (LON:THS), talks Proactive's Andrew Scott through their second-quarter production performance.Platinum group metal (PGM) recoveries measured 82.2% for the three month period ended March 31, compared to a target of 80% and the company produced some 38,200 ounces of PGMs.Similarly, chrome recoveries improved to 66.3% which was better than the targeted 65% and the co...Read More
BENGALURU, April 10 (Reuters) - Vedanta Resources Plc said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in the South Indian town of Thootukudi was rejected by the state pollution regulator.The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi, who have thronged the st...Read More
Michael Masterman, chairman at W Resources PLC (LON:WRES), updates Proactive Investors on developments with their flagship La Parrilla tungsten mine in Spain.Masterman also discusses last week's ?1.5mln raise aimed at accelerating development of their Portuguese projects. Meet360 Blockchain Inc at our event,New York, 18 April 2018.Register here >>Read More
Copper demand will surpass supply earlier than expected, with the first clear signs coming as early as next year, experts attending the 17th World's Copper Conference being held this week in Santiago, Chile, said.According to Arnaud Soirat, chef executive for copper and diamonds at Rio Tinto, increased consumption from new technologies, including electric vehicles, will drive demand for the meta...Read More
April 10 (Reuters) - Rio Tinto Plc is reviewing its dealings with Russian aluminum producer United Co Rusal to ensure compliance with U.S. sanctions, a top executive said on Tuesday, but added it was too soon to discuss the future of its Australian venture with Rusal."We are reviewing in detail all our trading relationships with Rusal and other counterparties and we will obviously do what we have...Read More
(Bloomberg) - Vanadium needs Elon Musk or another big player in the global battery market to get behind the metal in order to share center stage with other energy-storage components such as lithium and cobalt."When we get that moment, we're off to the races," Vincent Algar, managing director of Australian Vanadium Ltd., said in an interview at a mining conference in Hong Kong. The industry needs...Read More
Price of US$100/t expected in annual negotiationsRead full newsRead More
Mr. Eric Fier reportsSILVERCREST CONTINUES TO EXPAND HIGH-GRADE FOOTPRINT FOR BABICANORA VEIN; 4.0 METRES AT 22.83 GPT AU AND 1,718.8 GPT AG, OR 3,431 GPT AGEQSilvercrest Metals Inc. has released its first set of phase III drill results for the Las Chispas property located in Sonora, Mexico. Stepout drilling of the Babicanora vein, including Area 51, continues to intersect high-grade mineralizatio...Read More
Suresh Withana from Harmony Capital, the investment manager for Adamas Finance Asia (LON:ADAM) caught up with Proactive investors to talk through the recent disposal of a chunk of their legacy portfolio.As consideration for the deal, Adamas will be issued a convertible bond by Fook Lam Moon - a long-established and well known Hong Kong-based food and beverage business. Meet360 Blockchain Inc...Read More
It was not a great day to be a Russian billionaire...Read full newsRead More
The next crisis is just a couple of years away, and Germany will be its largest victim.Read full newsRead More
Mr. Mark Kolebaba reportsADAMERA INTERSECTS GOLD ZONES AT THE KEY WEST TARGETZones with gold were intersected by Adamera Minerals Corp. at the Key West target located one kilometre north of the Overlook gold mine in Washington State. The first drill hole,hole KWN18-01, whichis located 300 metres north of the past-producing Key West mineintersected an upper and lower gold-bearing zone. The upper zo...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 40.8 G/T AU OVER 4.1 METRES AT WINDFALLOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and ar...Read More
The accident happened in the Brong Ahafo region, some 430 kilometres from the capital Accra, he said.Read full newsRead More
*Ecuador riskier than Chile, much less explored. SANTIAGO, April 9- SolGold has received advances from a dozen big miners, including BHP and Vale, for its copper and gold discovery in Ecuador, an executive said on Monday, but has rejected them to develop the project alone. SolGold bucked a trend of a lack of new discoveries following a fall-off in investment during the...Read full newsRead More
One paved road leads in and out of Rochford, a remote Pennington County town at the center of a heated debate over a proposal to mine for gold in a pristine part of the northern Black Hills.With permits in hand, a Canadian prospecting company has begun drilling exploratory holes just south of Rochford...Read full newsRead More