The scoping study, carried out by project development consultants BatteryLimits, shows Mahenge could produce an average 49,000 tonnes per annum of high-quality graphite products during a 32-year mine life at an operating cost of US$408 per tonne based on an average life of mine grade of 12.5% total graphite carbon (TGC).Read More
Toronto, Ontario (March 27, 2018) - Mega Uranium Ltd. (TSX: MGA) announces the results of its annual shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a show of hands of the majority of shareholders. The results of the shares voted in person or by proxy in respect of the election of each director are:NomineeShares Voted ForShares WithheldAlb...Read More
Canada's Copper Mountain Mining (TSX: CMMC) has obtained shareholder approval for its planned acquisition of Australian junior Altona Mining (ASX:AOH) in a deal worth A$93 million, or about $71m at today's rates.Under the agreement, each Altona share will be exchanged for 0.0974 Copper Mountain shares, which equates to a 41.7% premium based on closing prices at the time of both companies first...Read More
China's domestic rebar prices bounced back slightly on Tuesday March 27 amid a pick-up in trading activity following several days of big losses. Domestic Eastern China (Shanghai): 3,440-3,520 yuan ($547-560) per tonne, up 20-30 yuan per tonne Northern China (Beijing): 3,660-3,690 yuan per tonne, up 20-30 yuan per tonne Rebar futures rose sharply during the morning trading session, hitting a high o...Read More
LONDON (Reuters) - British Prime Minister Theresa May said on Tuesday that 25 countries have now moved to expel Russian diplomats over Moscow’s suspected involvement in the poisoning of a former Russian spy and his daughter in England.May, speaking to lawmakers in parliament, also noted NATO’s decision to expel seven diplomats from Russia’s mission to the alliance.“I welcom...Read More
GSK has had a disappointing 12 months, shedding 12% Shares of pharmaceutical concern GlaxoSmithKline Plc (NYSE:GSK) are moving higher after early this morning it was announced it's buying Novartis AG's (NVS)stake in their joint venturefor $13 billion. In response, GSK is trading up 4% at $38.92.Today's positive price action is a rare sight for GSK, as the stock has shed almost 12% year-over-year...Read More
* European markets climb, S&P positive* Reports China and U.S. quietly working to avoid trade war* Euro reverses gain on lending data, policymaker comment (Updates to U.S. equity market open; changes dateline, previous LONDON)By Trevor HunnicuttNEW YORK, March 27 (Reuters) - Stock markets mostly gained on Tuesday as reports that the United States and China were negotiating to avert a trade war...Read More
Vedanta, the London-listed natural resources company controlled by one of India's richest men, said Tuesday it was shutting its copper smelting operations in the south of the country, for a 15-day planned maintenance.The halt, originally scheduled for April, comes amid local media reports of massive protests around the smelter and even in front of the home of Vedanta's chief executive Anil Agarwal...Read More
The sales price was above BMO Capital Markets' estimate of around $1.3 billion based on a 10% discount rate.Read More
RAPAPORT... Sotheby's New York April sale will feature gems andartifacts from jeweler Fred Leighton's personal collection, theauction house said Monday.The event, which will take place April 18, includes jewelry pricedbetween $5,000 and $100,000. Furniture and decorative arts fromthe 17th to 20th centuries that Leighton accumulatedin his Manhattan home will also go under the hammerLeighton, who di...Read More
NEW YORK (Reuters) - Stock markets mostly gained on Tuesday as reports that the United States and China were negotiating to avert a trade war whetted investors’ appetite for riskier assets.In morning trading, U.S. stock indexes were working to sustain momentum one day after each of the major indexes turned their best day of performance since August 2015.The Dow Jones Industrial Average .DJI...Read More
The Dow is set to open up 100 pointsDow Jones Industrial Average (DJI) futures are trading more than 100 points above fair value, as stocks try to build off their best day in years. With trade war concerns on the back burner at the moment, the tech sector could again lead the charge following blowout earnings from software company Red Hat (RHT) -- even with Facebook (FB) set to erase Monday's mode...Read More
Buying activity in the CIS export billet market was close to zero in the week ended Monday March 26 due to the mismatch between offers and bids.While mills were trying to hold offers stable, customers reduced bids on negative sentiment in the global market, set by the Chinese market crash last week, and the expectations of change after the introduction of protective tariffs against steel imported...Read More
GABORONE, March 27 (Reuters) - Botswana's Debswana Diamond Mining said on Tuesday production jumped 11 percent to a three year high in 2017 and it expects growth this year as lower taxes in the United States leave consumers with more to spend on luxury goods.Debswana, a joint venture between De Beers and the southern African country's government, said annual production rose to 22.2 million carats...Read More
Investing.com - Gold fell on Tuesday as the dollar was bolstered by news that China and the U.S. were negotiating a trade deal.Comex gold futures for April delivery slumped 1.02% to a five-week high of $1,341.20 a troy ounce as of 10:28 AM ET (14:28 GMT).The U.S and China are negotiating trade agreements to give the U.S. access to Chinese markets, according to various media reports.China has offer...Read More
(IDEX Online) - Mountain Province Diamonds Inc. said that 2018 has seen a strong start in rough diamond markets. "The first two sales of the year substantially exceeded expectations, and prices have firmed across all product categories since the second half of 2017," said Interim President and CEO David Whittle. Announcing its financial and operating results for the full year ended...Read More
JOHANNESBURG (miningweekly.com) – Aim-listed Firestone Diamonds recovered 379 716 ct of diamonds from its Liqhobong mine, in Lesotho, in the six months to December 31.CEO Stuart Brown said in a statement on Tuesday that commercial production at the mine had started on July 1 and that the operation recorded zero lost-time injuries over the first six months of full-scale production, with more...Read More
SHANGHAI, Mar 27 (SMM) – Spot copper in the Shanghai market saw more active trading as SHFE copper rebounded to around 49,500 yuan/mt today. Spot prices stood at a smaller discount of 200-130 yuan/mt. High-quality copper traded at 49,230-49,340 yuan/mt and standard quality copper traded at 49,200-49,300 yuan/mt with adequate supply.With fewer supply sources, hydro-copper was also favour...Read More
(Reuters) - The Trump administration is mulling a crackdown on Chinese investments in technologies that the U.S. considers sensitive by employing a law reserved for national emergencies, among other options, Bloomberg reported, citing people familiar with the matter.The International Emergency Economic Powers Act, enacted in 1977, allows the president to declare a national emergency in response to...Read More