After formalising the 75% Trevali/25% Puma option agreement in March, the partners have now held the first technical committee meeting where an exploration budget of C$1 million was agreed to, to be funded proportionally. The Murray Brook deposit comprises 484 hectares and is 10km west of Trevali's Caribou mine and 10km east of Trevali's Restigouche deposit, along the favourable Caribou horiz...Read More
(Bloomberg) -- If mining companies are as bothered by Trump’s tariffs as investors appear to be, they’re not saying.A full-out trade war between the U.S. and China could negatively affect the metals and mining sector in several ways. China could respond to Friday’s U.S. tariffs by cutting imports of raw materials, hurting corporate revenue and weighing on metals prices.If it also...Read More
SHANGHAI, Jun 15 (SMM) – Nonferrous metals futures dipped across the board on Friday June 15 as SHFE aluminium led the loss and closed over 1.8% lower. Lead slumped over 1.1%, zinc fell over 1%, and nickel dipped 0.82%. Tin and copper inched down.Meanwhile, the ferrous metals mostly rose. Coke jumped over 1.6%, rebar gained 0.52%, coking coal went up 0.36%, and iron ore rose 0.32%. Hot-rolle...Read More
Fortune, with a current market value of C$59.26 million, says strong third-party interest from several global mining and refining companies in buying NICO concentrates directly from the mine site has prompted it to instruct consulting engineering firm Hatch to adjust the engineering design and move the bulk concentrate regrind circuit and secondary flotation concentration process back to the North...Read More
The Vancouver-headquartered junior advises the anomalies are significant because they are interpreted to be surface expressions of porphyry-related alteration and mineralisation of the Silver Star Fault Zone, a major regional structure extending through the Madison property and continuing 37km to the north-west, into the prolific, porphyry-based Butte mining district.The soils sampled contain gold...Read More
Earlier this week it received US$30 million in backing from an Ethiopian investment syndicate in exchange for an interest in Tulu Kapi, while a month ago it issued bonds worth $160 million to partly fund Tulu Kapi.It has been arranging its own financing since splitting with its finance partner Oryx Management in January.By placing 120 million new ordinary shares at 2.5p each to...Read More
Sandfire has acquired 16.7 million shares at A12c per share for $2 million, giving the miner a near 19.6% stake.Read More
SHANGHAI, Jun 15 (SMM) –Copper: The surging US dollar weighed on base metals overnight. While delivery approaches and price spread between SHFE front-month contracts narrowed to 150 yuan/mt, spot discounts lingered amid a low season of consumption. Shorts have yet to significantly add to their positions while longs are now keen to close out their bets. Copper prices are likely to trade range...Read More
* FTSE 100 down 1.5 pct* $50 bln U.S. tariffs on Chinese imports end post-ECB rally* Miners, oil majors, bank stocks sink* Rolls Royce revs up 7.6 pct to 4-year high* Tesco up 2 pct on sales results* Indivior sinks 20 pct on generic drug threat (Updates prices, adds details, quotes)By Helen ReidLONDON, June 15 (Reuters) - An escalating U.S.-China trade spat sent UK stocks tumbling on Friday, sin...Read More
Big mining blastedMining and metals investors were offloading the sector's big names on Friday over fears of the impact of a trade war between the US and China, which is responsible for nearly half the world's industrial metal demand and two-thirds of the world's seaborne trade in steelmaking raw materials.Copper fell nearly 3% to $3.13 a pound or $6,900 a tonne, pushing the bellwether metal back...Read More
This first gram of yellowcake was produced from uranium captured from seawater with modified yarn. Chien Wai and colleagues at LCW Supercritical Technologies produced the yellowcake, a powdered form of uranium used to produce fuel for nuclear power production.?EUR?Credit: LCW Supercritical TechnologiesSEQUIM, Wash. - For the first time, researchers at Pacific Northwest National Laboratory and LCW...Read More
Investing.com - Gold prices slid in midmorning trade on Friday, hitting its lowest level so far this year despite news that the U.S. was pushing forward with tariffs on an additional $50 billion in Chinese goods.At 10:47AM ET (14:47GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell $25.70, or 2.0%, to $1,282.60 a troy ounce. That was close to an i...Read More
Led by Alliance Securities, the underwriters have agreed to buy, on a bought-deal private-placement basis, a minimum of C$1 million of units - called ‘hard units' - at C23.5c each, and the balance in any combination of Quebec flow-through shares at C30c and federal flow-through shares at C28c.Each hard unit will comprise one common share and half of a share purchase warrant, and each whole w...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.5 pct* Set for strongest in five weeks* Rolls Royce revs up 10 pct to 4-year high* Tesco up 2 pct on sales results* Indivior sinks 16 pct on generic drug threatBy Helen ReidLONDON, June 15 (Reuters) - Rolls-Royce was the bright spot on a falling FTSE 100 on Friday as energy and banking stocks tumbled, while...Read More
The US company is planning to build the facility in the Kemerton industrial park on the outskirts of Bunbury, a coastal town 180km south of Perth.In April last year, Albemarle signed a two-year option to lease a site at Kemerton and submitted a plan to the EPA in November.It is proposed that the Kemerton plant will produce up to 100,000tpa of lithium hydroxide from five 20,000tpa process trains.Th...Read More
Investing.com - Gold prices traded lower in morning European trade but remained on track to register a second consecutive weekly gain as investors waited for U.S. President Donald Trump to approve tariffs on goods on Chinese goods worth about $50 billion.At 3:51AM ET (7:51GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell $4.80, or 0.4%, to $1,303...Read More
Prices for imports of South Korea-origin hot rolled coil (HRC) into India have fallen by about $15 per tonne this week to $645-650 per tonne cfr Chennai port.This compared with a similar South Korean HRC shipment booked more than a month ago at $660-665 per tonne cfr Chennai port.The South Korean cargo, scheduled for shipment in July, was agreed by a Chennai-based end-user after importers in Mumba...Read More
Slab export prices from Brazil have increased this week due to renewed demand from clients in the United States.Metal Bulletin's weekly assessment of Brazil slab export prices was $590-600 per tonne fob on Friday June 15, up from $580-590 per tonne last week.Several deals were reported within the range of $590-600 per tonne fob this week, with companies keeping their focus...Read More
Some mill-grade aluminium scrap prices are being weighed down by softness in the terminal markets and mixed demand, while smelter-grade material is steady.Mill-grade painted siding succumbed to pressure, with prices down by 1 cent per lb on Thursday June 14, according to American Metal Market's latest assessment.But with the seasonally slow summer period approaching, some market particip...Read More