Copper demand derived from the shift to electric vehicles (EV) is expected to be constrained by availability of other key metals, including cobalt, a panelist said at Metal Bulletin's 31st International Copper Conference in Madrid on Wednesday March 7. "That demand for copper will only be required if we can find other elements. If we don't have other things, we can't even produce the electric cars...Read More
Base metals traded on the London Metal Exchange are down across the board by an average of 0.3% this morning, Wednesday March 7. Nickel leads the decline with a 0.9% drop to $13,520 per tonne, while the rest are off between less than 0.1% and 0.3%, with three-month copper prices at $6,977 per tonne.Volume has been average with 6,272 lots traded as of 06.48am London time. Precious metals prices are...Read More
All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday March 7.Read More
The White House on Wednesday raised the possibility that impending hefty U.S. tariffs on steel and aluminum imports could exclude a clutch of countries other than Canada and Mexico as President Donald Trump planned to authorize the measures on Thursday.Trump is expected to sign a presidential proclamation establishing the tariffs during a ceremony scheduled for 3:30 p.m. (2030 GMT) on Thursday, a...Read More
Northern Star Resources (ASX: NST) announced today that it has agreed to pay Westgold Resources (ASX: WGX) $62.6 million for the South Kalgoorlie mine, located about 50 kilometres from its Kundana operations in Western Australia.In a press release, Northern Star explained that the acquisition comprises the project's operating processing facility, which has an annual throughput capacity of 1.2 mill...Read More
Canada's gold output will increase in the next five years to more than 300 tonnes annually, an 80% growth from current levels, research firm Wood Mackenzie said Wednesday.The rise in production would make the nation the world's second-largest bullion producing country, behind China, Vince Madden-Scott, manager of gold cost services at UK-based research firm said.Speaking at the 2018 Prospectors &a...Read More
Mining giant Rio Tinto (ASX, LON, NYSE: RIO) is expanding its driverless trucks fleet in Australia by introducing 15 autonomous vehicles to a new mine in the Pilbara region.The trucks, to be deployed later this month to the West Angelas iron ore mine, are fitted out with the company's in-house autonomous haulage system (AHS), AAP reported.West Angelas, run by Rio's Robe River joint venture partne...Read More
Africa-focused Gem Diamonds (LON:GEMD) is having an extraordinary year so far as the small miner continues to find precious rocks bigger than 100 carats at its flagship Let??eng mine in Lesotho.On Wednesday, the England-based company said it had dug up a 152-carat, top white colour type IIa diamond, the sixth major find so far this year.In contrast, it discovered only seven diamonds bigger tha...Read More
"The sale of The World's Most Expensive Dinner by World of Diamonds Group to V Diamonds has been canceled by a mutual decision of the companies, and World of Diamonds Group remains the sole owner of the ring and the $2 Million Dinner experience. The token sale planned by V Diamonds is canceled, and all the pre-subscriptions to the token sale will be refunded back to the participants," reads a medi...Read More
Representatives from the community-based organization Marange Development Trust appeared before Zimbabwe's Parliament to denounce that people in the Marange diamond fields are experiencing worse living conditions now that the Zimbabwe Consolidated Mining Company is in charge of the area.According to Chairman Malvern Mudiwa, the different kinds of abuses that villagers have been enduring for decade...Read More
https://www.reuters.com/MOSCOW, March 6 (Reuters) – Russian mining firm Norilsk Nickel said on Tuesday rising use of batteries in electric vehicles would create strong demand for nickel from the 2020s.Nornickel, which vies with Brazil's Vale SA to be the world's biggest nickel producer, said the battery industry would use more than 500,000 tonnes a year of the metal by 2025.It said this "equ...Read More
Ghana, one of the world's biggest producers of cocoa beans, is facing a crisis around dangerous and dirty galamsey, or informal, mining-which experts warn could derail its agriculture sector.Read full newsRead More
In the heart of Alaska's remote southwestern Kuskokwim Mountains, two Canadian mining companies could soon get the green light to dig a massive open-pit mine to access what they describe as one of the largest undeveloped gold deposits in the world.Read full newsRead More
Legendary investor Rick Rule, Chief Executive Officer, Sprott US Holdings, speaking ahead of his appearance at Mines and Money Asia, is positive on gold equities for 2018.Read full newsRead More
Ghana, one of the world's biggest producers of cocoa beans, is facing a crisis around dangerous and dirty galamsey, or informal, mining-which experts warn could derail its agriculture sector.Read full newsRead More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More
The company behind the successful Roomba vacuum-cleaner robots could deliver huge returns if it maintains a forefront position in its industry.Read full newsRead More
VANCOUVER - Trifecta Gold Ltd. signed a letter of intent to option the Yuge Property, a high-grade gold prospect in northern Nevada, from Silver Range Resources Ltd., the company announcedRead full newsRead More
In the heart of Alaska's remote southwestern Kuskokwim Mountains, two Canadian mining companies could soon get the green light to dig a massive open-pit mine to access what they describe as one of the largest undeveloped gold deposits in the world.Read full newsRead More
Avrupa Minerals Ltd.(TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to announce that it has arranged a financing to raise $500,000 by way of a private placement of 6.25 million units at $0.08 per unit. Each unit (a 'Unit) is comprised of one common share and common share purchase warrant which entitles the holder to purchase one common share at a price of $0.12 for a period of two years fr...Read More