OTTAWA (Reuters) - The Canadian government said on Wednesday it had rejected the proposed Ajax open pit gold and copper mine in the Pacific province of British Columbia, citing what it said were significant adverse environmental effects.The plan to develop the site had been put forward by KGHM International, a unit of Polish miner KGHM. The British Columbia government last December rejected an env...Read More
Oil and gas conglomerate BP plc is to buy Chargemaster, the UK's largest electric vehicles (EVs) charging company, and plans to deploy the network across its forecourts in the country over the next 12 months. The charging company, to be rebranded BP Chargemaster, has over 6,500 charging points across the UK through its Polar network. The company also designs, builds, sells and maintains EV chargin...Read More
PARIS, June 27 (Reuters) - AngloGold Ashanti’s gold mining operations in Guinea have been hit by two days of violent protests over power cuts in the northeastern mining town of Siguiri, a resident and an official said on Wednesday.Over a thousand protesters were surrounding the mine late on Wednesday. “We are negotiating with them to calm the situation,” Siguiri government admini...Read More
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,179.89, down 51.36 points)Canopy Growth Corp. (TSX:WEED). Health care. Up $3.58, or 9.69 per cent, to $40.51 on 10.9 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 45 cents, or 5.02 per cent, to $9.41 on 9.6 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipm...Read More
CALGARY - Pro-pipeline activists who hit the streets in increasing numbers this year to try to drown out anti-pipeline picketers plan to continue to confront their adversaries, even in the face of predictions of protest line violence.Stay-at-home mom and part-time activist Nicole Wapple, 37, of Red Deer, Alta., has been posting information on social media and occasionally taking part in pro...Read More
MOSCOW (Reuters) - Moscow and Washington struck a deal on Wednesday to hold a summit soon between Russian President Vladimir Putin and U.S. President Donald Trump, a move likely to worry some U.S. allies and draw a fiery reaction from some of Trump’s critics at home.Kremlin foreign policy aide Yuri Ushakov, speaking after Putin met U.S. National Security Adviser John Bolton in the Kremlin, s...Read More
* LME/ShFE arb:* GRAPHIC-2018 asset returns: (Adds official prices)By Zandi ShabalalaLONDON, June 28 (Reuters) - Zinc rose on Thursday, edgingfurther away from 10-month lows, after reports that top Chinesesmelters planned to cut output by 10 percent to address lowprices and treatment charges of the metal used to galvanisesteel.Benchmark zinc on the London Metal Exchange traded0.8 percent higher at...Read More
Both Chinese cobalt metal and salts prices trended lower at the midweek pricing session due to weak demand and an urgency among sellers to square books at the half-year end. Metal Bulletin's Chinese cobalt metal price narrowed to 540,000-550,000 yuan per tonne (approximately $31.99-32.59 per lb, China VAT-free) on Wednesday June 27 from 540,000-560,000 yuan per tonne on June 22. The Jinchuan...Read More
BEIJING (Reuters) - China’s top zinc smelters plan to cut output by 10 percent after holding a meeting in Shaanxi province to address low zinc prices and treatment charges, two sources briefed on the matter said on Thursday.Lead and zinc companies in China were invited to the meeting, which took place on Thursday morning, one of the sources said, adding that it was “not definite”...Read More
(Adds detail, joint statement)JOHANNESBURG/LONDON, June 28 (Reuters) - Britain'sCompetition and Markets Authority (CMA) unconditionally clearedSibanye-Stillwater's proposed takeover of Lonminon Thursday saying the mining merger would notrequire a second phase investigation.The South African precious metals miner made an all-shareoffer for London-listed Lonmin in December in a 285 millionpound ($38...Read More
It was a treasure trove of sin and happiness.A lone oak tree that rested peacefully in the middle of an open field that separated two neighborhoods.A circular path surrounding the sturdy trunk had developed over the years, where local kids had set up empty milk crates that served as chairs and tables. Next to the tree sat a busted up wooden box where, every few weeks or so, a new issue of Playboy,...Read More
Fission Uranium Corp (TSX: FCU, OTCQX: FCUUF) owns the award-winning Patterson Lake South uranium property, host to the near-surface, high-grade Triple R deposit, part of the largest mineralized trend in the Athabasca Basin region. We learned from Ross McElroy, who is President, Chief Operating Officer and Chief Geologist of Fission Uranium, that what makes the Triple R deposit unique, within the...Read More
Levon Resources Ltd. (TSX: LVN) is exploring one of the world's largest silver resources at the company's 100%-owned Cordero Project in northwest Mexico. We learned from Ron Tremblay, President and Chief Executive Officer of Levon Resources, that they recently announced a 30% increase in the resource, which is now one and three-quarter billion silver ounce equivalent and a PEA, which is giving the...Read More
The Italian steel distribution network faces a shake-up from ArcelorMittal's efforts to meet its anti-trust obligations to acquire steelmaker Ilva.The European Commission (EC) EC has requested the "sale availability" of four ArcelorMittal CLN Distribuzione Italia (AM CLN) steel service centers (SSCs), Cesare Vigan??, the managing director of ArcelorMittal CLN Distribuzione Italia (AM CLN), said."T...Read More
(Reuters) - The United States should help the natural gas industry overcome environmental challenges to new pipeline projects by adjusting regulations or adopting new laws favoring infrastructure, an executive at TransCanada Corp said at a conference this week.Suppliers in the United States, the world’s biggest natural gas producer, have had a harder time getting shipments to market as more...Read More
Steelmakers around the world can improve their plant performance, safety and product quality by further digitizing their processes, delegates at the Asian Stainless Steel Forum 2018 heard on Thursday June 28.Mills could automate their electric-arc furnaces (EAFs) and converters, deploying smart sensors and collecting big data to improve processes, Zhai Yuyou, director of sales at technology provid...Read More
Perhaps everything is going to turn out just fine. The American tactic of slapping new tariffs on just about every country in the world of consequence could turn out to be a brilliant negotiating strategy. Tariffs could end up forcing America's friends and foes to come to the table to cut historic deals of substance. Canada, Europe, Japan, and Mexico may all agree to lower trade barriers and tari...Read More
June 28, 2018 (Investorideas.com Newswire) An explorer that received good drill results last year is one of the first out of the gate to follow up this summer.Industry watchers are keeping their eyes on summer drilling in British Columbia's Golden Triangle for signs of the next GT Gold or Garibaldi Resources, both of whose shares leaped last year after the announcement of significant discoveries.O...Read More
June 28, 2018 (Investorideas.com Newswire) The Critical Investor delves into the first new copper project fully permitted in Arizona in a decade.Johnson Camp MineDespite copper and other base metals being punished these days, and mining sentiment not at its best with China being drawn into a potential trade war with the U.S., Excelsior Mining Corp. (MIN:TSX; EXMGF:OTCQB) proved a lot of nay-sayers...Read More
European steelmakers increased their hot-dipped galvanized coil (HDG) offers by ?,?20 ($23) per tonne this week, despite limited market activity, sources told Metal Bulletin.The price rise is expected to be supported by combination of effects from upcoming decision in an EC safeguarding case and the fact that steelmakers currently have good order books.The European Commission opened an invest...Read More