He spent eight years at the copper miner and smelter company, first as COO and then the last three years as CEO.Thomas has agreed to continue his role in the interim period to ensure a smooth transition process and allow operations to continue without interruption.No replacement has been announced yet, but the company said it would review the most appropriate management structure going forward and...Read More
The raising comes a week after W Resources received a €5.3 million (US$6.6 million) grant from the Junta de Extremadura government, as well as a US$35 million loan facility from BlackRock, both to advance the La Parrilla tungsten and tin project in Spain.It placed 300 million ordinary shares at £0.005/share to new and existing shareholders, with an application for the new ordinary share...Read More
The company outlined a 29% production drop in the March quarter due to higher rainfall and lower evaporation rates.It said although production in the June quarter was expected to be significantly higher, its full year production would be about 10% lower than expected.In London, diversified miner Anglo American (LN:AAL) fell 3.17%. Reports have emerged it will be fined BRL125.6 million (US$37.7 mil...Read More
The reinstatement was subject to conditions including plant construction starting within three months, commissioning by September 30 and first production by December 30.Read More
Muttenz-headquartered Clariant expects to see growth across its core care chemicals, catalysis, natural resources, and plastics and coatings businesses.The Trump US government is lowering company taxes and has generally overseen a period of increased business confidence, investment and employment over the past 12 months."Clariant is … excited about its plans for growth over the next four ye...Read More
"Every ugly incident in the mining industry is a call for you to do something better," he said Thursday as he addressed stakeholders on his visit to the Modikwa platinum mine in the Limpopo province. Read More
Nationally-recognised courses in automation are expected to be available at WA TAFE colleges and high schools next year, announced at a launch in Perth yesterday attended by dozens of resources industry heavyweights.It comes after Rio committed A$2 million last year to develop the new qualifications.Rio Tinto Iron Ore chief executive Chris Salisbury and Education and Training Minister Sue Ellery i...Read More
The company said in February that Anglo American (LN:AAL), Nexa Resources SA (CN:NEXA) and Vale SA (BZ:VALE3) had staked about 3.5 million hectares on the belt, adding yesterday that Anglo and Nexa had largely surrounded Altamira's 12 projects."The catalyst for this staking rush is a rumoured porphyry copper discovery in the eastern part of the Juruena belt," Altamira said.It said recently it beli...Read More
MICROMINE is pleased to announce the release of Geobank 2018, the latest version of the industry leading, secure and flexible data management solution, is now available for download.Geobank 2018 delivers to our users improved usability, functionality and performance, with a variety of benefits relevant to both exploration and mining operations.Commenting on the release, Geobank Product Strategy Ma...Read More
BHP said in December it would quit the group but gave it a few months to respond.Now the miner has confirmed its exit."In light of the material difference identified by the review and the narrow range of activities of benefit to BHP from membership, BHP has reached a final view that it will cease membership of the WCA," it said in a statement.Advocacy group the Australasian Centre for Corporate Re...Read More
The IPP procurement is the largest by the Department of Energy to date, representing R56 billion (US$4.7 billion) of investment and adding about 2,300MW of mostly wind- and solar-generation capacity to the country's grid over the next five years.The agreements were meant to be signed on March 13, but were delayed after the National Union of Metalworkers of South Africa (NUMSA) and Transform RSA tr...Read More
Researchers at Duke University used silver-coated copper nanowires and silicon rubber to create a new conductive "felt" that can be easily patterned onto fabrics to create flexible wires. The felt carries electricity even when bent, stretched and twisted over and over again. This means that it could be used to embed electronics such as fitness trackers and health monitors into shirts, hats, and sh...Read More
Altamira Gold (TSXV: ALTA) has joined what some are calling a "staking rush" in Brazil's Juruena Belt, located in the western Mato Grosso state.By adding 52,378 hectares and increasing the company's land positioning to over 200,000 hectares in the area, Altamira mimics the strategies advanced by Anglo American (LON: AAL) and Nexa Resources, who acquired over 3 million hectares of claims back in Se...Read More
JOHANNESBURG, April 4 (Reuters) - The South African High Court ruled in favour of the once empowered, always empowered principle on Wednesday which entitles a company to keep its black empowerment status even if a black partner exits its stake in the mining firm.Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8 percent of the countr...Read More
By Julia PayneLONDON, April 4 (Reuters) - Commodities trader Trafigura has signed an offtake agreement for cobalt hydroxide running to December 2020 with Shalina Resources and its subsidiary Chemaf, based in the Democratic Republic of Congo (DRC), Chemaf said in a statement on Wednesday.Interest in cobalt reflects a shift in the automotive industry to electric cars (EV), powered by lithium-ion bat...Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) said Wednesday it had increase to 90% its stake in Compa???-a Minera Teck Quebrada Blanca, which main asset is the namesake copper mine in Northern Chile.The Vancouver-based miner said the deal, worth $162.5 million, simplifies the ownership of Quebrada Blanca, giving Teck additional flexibility with respect to fin...Read More
Mining companies saw its shares plummet along with metal prices on Wednesday as trade tensions between the United States and China escalated, with Beijing hitting back at Trump's plans to impose $50 billion in tariffs to goods from the Asian superpower.China retaliated with a list of duties on key US imports, including soybeans, planes, cars, whiskey and chemicals, less than 11 hours after Washing...Read More
Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high.Molybdenum prices at nearly $13 a lb are at their highest since 2014, having more than doubled since Dec. 2015.Often a byproduct of copper smelting, molybdenum's powerful anti-corrosive properties are vital for equi...Read More
* FTSE 100 down 0.37 pct* Sterling strength weighs on dollar earners* Miners rise on China data* Sky gains after Fox says could separate Sky News (Adds closing prices)By Kit ReesLONDON, April 3 (Reuters) - Britain's top share index declined with other European bourses at the start of the second quarter, but a few stocks such as Sky SKYB.L managed to rise through the session.Shares in Sky closed up...Read More
Investing.com - Gold prices moved lower on Tuesday, trimming some of the previous day’s gains as traders crept back into risk assets and U.S. stocks attempted to recover from Monday’s selloff, dampening safe haven demand for bullion.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were last down by $11.60, or around 0.8%, to $1,335.30 a troy ounc...Read More