https://www.reuters.com/MOSCOW (Reuters) – Rusal's (0486.HK) dollar bonds slumped to record lows, two major customers said they were reviewing their contracts, and the London Metal Exchange distanced itself from the aluminum giant on Tuesday, in the latest aftershocks from U.S. sanctions.The sanctions imposed on Rusal and its boss, metals magnate Oleg Deripaska, mark the first time a major i...Read More
Exploration is at the heart of mining. Nobody can build a mining company without exploration. The greatest mining companies in Africa today invested in top geologists and exploration projects many years ago. The geologists' brief was simple: hunt down and find the next best deposit. These geologists had flair, a spirit of adventure and a great appetite for taking risks, as had the companies that e...Read More
Teck Resources Ltd. (TSX:TECK.B)(NYS:TECK) and Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) are two of Canada's top mining companies.Let's take a look at the giants to see if one deserves to be on your buy list today.TeckTeck produces metallurgical coal, copper, and zinc. The three commodities have enjoyed nice recoveries in the past two years, and investors are wondering if this is the right time to ow...Read More
Exploration is at the heart of mining. Nobody can build a mining company without exploration. The greatest mining companies in Africa today invested in top geologists and exploration projects many years ago. The geologists' brief was simple: hunt down and find the next best deposit. These geologists had flair, a spirit of adventure and a great appetite for taking risks, as had the companies that e...Read More
Aluminium continued to rally on the London Metal Exchange at the close of trading on Wednesday April 11, climbing 1.7% and recording its highest close since January 2.The spike in the metal's three-month price comes after the USplaced sanctions against key Russian firms, notably Rusal, prompting tightermarkets.Following the announcement, the LME implemented a, "temporary conditional suspension" on...Read More
China General Nuclear (CGN) has begun loading fuel into the core of unit 1 of the Taishan nuclear power plant in China's Guangdong province following the issuance of a permit from the regulator. The unit is later this year scheduled to become the first EPR reactor to enter operation.Fuel loading operations begin at Taishan 1 (Image: CGN)CGN said the Taishan Nuclear Power Joint Venture Company - a...Read More
The reactor internals for the demonstration Hualong One being constructed as unit 5 of the Fuqing nuclear power plant in China's Fujian province have been shipped from the manufacturing plant in Shanghai. The unit is scheduled to be completed next year.The reactor internals for Fuqing 5 leave the factory (Image: CNNC)The reactor internals were designed by China Nuclear Power Research and Design In...Read More
Brazil's aluminium industry will request the government to increase by 50% the volume of the import tax-free quota for ingot from July onward due to supply constraints and a modest demand recovery, Metal Bulletin understands. The industry expects to have 270,000 tonnes of unwrought aluminium exempted from the 6% import tariff for a 12-month period, from the current quota of about 180,000 tonnes, a...Read More
Codelco will play a small role in the lithium market and has no plans to compete with some of the world's giants in the field, according to the chairman of the Chilean state-run copper producer.Enthusiasts should "curb your enthusiasm" for Codelco's involvement, Oscar Landerretche said, adding that the company was in no immediate rush to develop its two lithium projects in Chile's northern region...Read More
First, does California State Senator, Richard Pan, hate the United States? He is sponsoring a Bill in California that would effectively censor the internet. Not withstanding fact that this proposed legislation stands in violation of Amendments 1, 5 and 14 of the United States Constitution, if passed it would impose State-sponsored censorship of the citizens of California. Perhaps if Pan h...Read More
Codelco will play a small role in the lithium market and has no plans to compete with some of the world's giants in the field, according to the chairman of the Chilean state-run copper producer.Enthusiasts should "curb your enthusiasm" for Codelco's involvement, Oscar Landerretche said, adding that the company was in no immediate rush to develop its two lithium projects in Chile's northern region...Read More
Copper miner Antofagasta is evaluating two options for expansion of its Centinela copper operations in Chile, and will approve one by the end of the year, the company's chief executive officer told Metal Bulletin.Expansion is part of a plan to use the company's capital for growth in a disciplined manner and to ensure that Antofagasta maximizes the returns on its investment, Iv??n Arriagada said du...Read More
Fireweed Zinc (FWZ.V) has signed to agreements to acquire a total of 24,400 additional hectares at the MacMillan Pass zinc project in Canada's Yukon Territory. This more than doubles Fireweed's total project size to 469 square kilometers, and the new land claims appear to be prospective for additional SEDEX mineralization as well.The first 11,700 hectares will be acquired by making total payments...Read More
Supply of copper concentrate will remain tight for another five years due to a lack of new mining projects and excess smelting capacities, Codelco's new commercial vice president, Roberto Ecclefield, said. "We see five more years of very tight markets - there is plenty of treatment capacities but the problem is the lack of concentrates," he told Metal Bulletin on Tuesday April 10 during Cesco Week...Read More
The shareholders of Red Eagle Exploration (XR.V) overwhelmingly approved (by 100%) the merger with Red Eagle Mining (R.TO). Not a surprise, as we already explained here why the merger appeared to be a good move for the Exploration company - which was controlled by Red Eagle Mining anyway.The deal should now close within the next few days, and the XR shareholders will now be part of a company that...Read More
Copper miner Antofagasta is evaluating two options for expansion of its Centinela copper operations in Chile, and will approve one by the end of the year, the company's chief executive officer told Metal Bulletin.Expansion is part of a plan to use the company's capital for growth in a disciplined manner and to ensure that Antofagasta maximizes the returns on its investment, Iv??n Arriagada said du...Read More
Vanadium Pentoxide Prices. 2018 gain approx. 55%. Gain since 2017: approx. 280% Source: www.vanadiumprice.comCobalt Price Chart 2018 gain: approx. 22%Gain since 2017: approx. 250%US$88,000 per tonne = US$40/lbSource: LMELithium Carbonate Price2018 gain: flatGain since 2017: 30%Source: ZacksVanadium is used in redox flow batteries, which are superior to lithium batteries in storage capacity, discha...Read More
The Hydropothecary Corporation (TSXV:THCX), a Canadian marijuana stock, moved higher after agreeing to become the preferred supplier of cannabis products for QuebecSean Mason | April 11, 2018 | SmallCapPowerA multi-year Quebec supply agreement lifted a Canadian marijuana stock Wednesday. Here's some small stocks making big moves on Wednesday, April 11, 2018 (as of 4 pm EST):The Hydropothecary C...Read More
LGC Capital Ltd. (TSXV:LG) has a convertible loan agreement that could give it a 49% stake in Tricho-Med CorporationSmallCapPower | April 11, 2018: LGC Capital Ltd. (TSXV:LG) Monday announced that Quebec-based Tricho-Med Corporation intends to expand the scale of its operations with new land options covering more than two million square feet of gross building areas of controlled atmosphere product...Read More
Eagle Plains drilling program on their Iron Range Project near Creston, southeastern British Columbia. Click here for animated slide.Eagle Plains Resources Inc. [EPL-TSXV; OTC-EGPLF] said Wednesday April 11 it has received approval from the Court of Queen's Bench of Alberta, marking the final step in completing the spin-out of Taiga Gold Corp. [TGC-CSE]. Shareholders of record on April 12, 2018, w...Read More