Canada's Millbrook Minerals has recently inked an historic deal with Cuban state mining company GeoMinera S.A. to explore and develop three former cobre-zinc-silver-gold producing assets in the country.The agreement makes the Ontario-based privately held miner the first Canadian firm to sign a deal in Cuba since the mid 90's. It also establishes it as the first company to sign an International Ec...Read More
SHANGHAI, May 28 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index touched a high of 94.3 last Friday and closed 0.62% higher at 94.24 due to robust US manufacturing data and a weaker euro.LME base metals fell across the board except for zinc. LME lead closed over 2% lower, but its week-on-week gain of 4.5% was...Read More
Investing.com - Gold traders will keep their focus on fresh geopolitical developments surrounding President Donald Trump's planned summit with North Korean leader Kim Jong Un slated for next month.Ongoing trade negotiations between the U.S. and China will also keep investors on their toes.On the data front, there's a gusher of economic reports in the coming week, as the calendar rolls to June from...Read More
Over the last month, I've received numerous questions pertaining to the direction of the gold price. The fact is, I don't have a crystal ball and, while I believe we will see higher gold prices in the future, I have no idea when, and really, I don't care.Why? Simply, I don't invest in junior mining companies because I believe the price of gold is going to go up. I believe you invest in junior mini...Read More
The company has announced the potential to extend production at El Gallo in Mexico by at least 10 years, a US$50 million raising to finish construction at its Gold Bar mine in Nevada and the possibility of a new base metals revenue stream for its Black Fox complex in Ontario.Read More
Among the highlights from the first five holes, the company hit 1.7m at 17.18g/t gold from 198m, including a higher grade intercept of 0.6m at 46.3g/t gold.Great Bear also confirmed gold at the South Limb zone where the company's first drill hole into the target hit 0.5m at 5.34g/t gold.CEO Chris Taylor said drilling had revealed "a regionally-significant gold-bearing hydrothermal system" whi...Read More
SHANGHAI, May 28 (SMM) – Nonferrous metals, except for SHFE lead, rose across the board on Monday May 28. SHFE tin led the increases with a gain of over 2%. SHFE zinc rose nearly 1.6%, while nickel, copper, and aluminium inched up.Most ferrous metals closed lower except for coking coal. Iron ore fell nearly 1%, while coke, hot-rolled coil, and rebar dipped.Copper: As shorts continue to exit...Read More
SHANGHAI, May 28 (SMM) – Spot copper was mostly offered at a discount of 90-20 yuan/mt to the SHFE 1806 contract on Monday May 28 in the Shanghai market. This compared with a discount of 110-30 yuan/mt on Friday May 25.The SHFE 1806 contract hovered at 51,300 yuan/mt with pressure during the morning trading session. Transactions started to pick up in the morning as traders widened disco...Read More
BHP (ASX: BHP) was down around 3% in afternoon trade but is still well above the levels it was trading at 12 months ago. The metals and mining sector on the benchmark S&P/ASX200 index was down about 1.8% this afternoon.Australian gold major Newcrest Mining (ASX: NCM) was about 1.4% lower at the time of writing while the spot gold price was worth around US$1,298 an ounce, having risen...Read More
The transaction will see an initial A$25 million heading Independence's way, with further payments of $16 million to be paid annually for the next three years.Read More
SHANGHAI, May 28 (SMM) – Copper: LME copper dipped below the daily moving average to a low of $6,840/mt last Friday night as the US dollar gained. It is likely to dip on a stronger US dollar as an US-North Korea meeting is likely to be held as scheduled. The SHFE 1807 contract also fell last Friday with pressure from the 60-day moving average. It is expected to trade at 51,250-51,600 yu...Read More
Unlike oil which is BHP's secret weapon, or Achilles Heel, depending on which way the price is moving, or Rio Tinto's aluminium operations which faded but are now blooming, the diamond operations of Anglo American are cloaked in secrecy.Read More
Knafelc, 50, was referring to the global integrated fertiliser materials company's investment in a true talent development strategy."It's shocking to me thinking back five years how little we had in place - we had lots of good things happening but we didn't have a strategic plan that had elements of commonality across the organisation," he said.Knafelc made the comments as part of a wide-ranging i...Read More
SHANGHAI, May 28 (SMM) – China's copper scrap imports in April declined 19.3% from March and 36.7% from a year ago to stand at 180,000 mt, showed data from China Customs. This marked the second consecutive month of decline. April's imports registered at a low in nearly 20 years. It grew slightly from the import levels in February 2018 and 2016, which were aff...Read More
Cobalt 27 changes the course of metals streamingSPONSOREDcobalt 27 RESOURCEStocks: It's been less than a month since the company, previously known as Plymouth Minerals, officially changed ticker codes on the ASX to reflect the new name. What prompted the change?Adrian Byass: Plymouth Minerals was established in 2011 and over a number of years the company was actively involved in the Mor...Read More
Scientists from the U.S. Department of Energy's Ames Laboratory discovered a first-of-its-kind copper and graphite combination that, they say, could have implications for improving the energy efficiency of lithium-ion batteries.The discovery took place after they bombarded graphite in an ultra-high vacuum environment with ions to create surface defects. Copper was then deposited on the ion-bombard...Read More
Russell, a mechanical engineer and budding inventor, left Mount Isa for Toowoomba in 1985 after conceiving the blueprint for an ‘Isa Sizer' screen for his former employer. MIM installed four of them.Read More
(Bloomberg) -- As it battles to remain the world’s biggest copper producer, Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.On Friday, Chilean President Sebastian Pinera appointed executive Juan Benavides as chairman of the state-owned company. Earlier this month, he appointed Hernan de Solminihac and Patric...Read More
* LME/ShFE arb: GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices)By Jan HarveyLONDON, May 25 (Reuters) - Lead fell on Friday as some buyers cashed in on a recent rally but the metal still posted its biggest weekly rise since September after this week's drop in available stocks, and as investors positioned for a market in deficit.Despite Friday's move lower, the bat...Read More