Telstra Mining Services is one group said to be keen on Brisbane-based industrial Internet of Things (IIoT) company MOVUS's FitMachine sensor technology and software-as-a-service (SaaS) business model. It is also said to be working with three "global mining companies", while MOVUS CEO Brad Parsons believes there is "strong scope" for FitMachine to help miners improve fixed and mobile plant managem...Read More
On Tuesday copper for delivery in May advanced to a two-week high on the Comex market in New York at $3.065 per pound or $6,755 a tonne after positive manufacturing data from China, the globe's number one metals consumer.Copper is still down 8% so far in 2018 and the bellwether metal's dimmer prospects is nowhere more evident than on derivatives markets and the shift in positioning of large-scal...Read More
SANTIAGO, April 3 (Reuters) - Caserones copper mine in Chile said on Tuesday that it would temporarily shut down its copper concentrator in order to replace a leaking pipe.The Environmental Tribunal of Antofagasta, a province of Chile's northern mining region, asked Lumina Copper, which owns the mine, to shut down the processing plant for 15 days following a tailings spill into a nearby river, Cas...Read More
LONDON, April 3 (Reuters) - Copper producer Cradle Arc is increasing output to 12,000 tonnes per year at a Botswana mine it has restarted and is seeking more mining assets in the African nation to take advantage of rising metals prices, the chief executive said.Production was halted at Botswana's Mowana mine in 2015, when copper prices fell, in line with a wider commodity crash.Copper prices at ar...Read More
South African engineering and construction group Murray & Roberts (JSE:MUR) unveiled Tuesday it had been awarded 3.7 billion rand (about $313 million) in mining projects located in sub-Saharan Africa, North America and Australasia.The company, currently subject of a takeover bid from Germany's ATON, said the awarded underground projects included diamond, gold, copper, salt and platinum mines. It a...Read More
OZ Minerals (ASX:OZL) said Tuesday it had received approval from the South Australian government to go ahead with the next phase of development its A$916 million (roughly $704m) Carrapateena copper-gold project.The Mining Lease and Environmental Protection and Biodiversity Conservation Act (EPBC) allows Oz Minerals to start this month phase two of construction at the project, one of the largest...Read More
Shares in the Eric Sprott-backed company, which started trading on the TSX Venture Exchange on November 29 following its reverse takeover of Consolidated Westview Resource Corp, shot up 150% yesterday to close at C60c."The recovery of micro-diamonds is extraordinary given that the primary objective of the laboratory process was to extract kimberlite indicator minerals, not diamonds," president and...Read More
Investing.com - Gold prices pushed higher on Monday boosted by the softer dollar and in escalation in trade tensions between the U.S. and China, which underpinned safe haven demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose $8.00 or 0.6% to $1,335.3 a troy ounce by 04:39 AM ET (08:39 AM GMT).China announced Monday that it is...Read More
Among the highlights, Orca intercepted 123m at 1.96g/t gold and 50m at 3.05g/t.The company had upped the project's resource in January to an indicated 3.05 million ounces of gold and has a feasibility study due out in May."Although the drill database had to be cut off at the end of 2017 for the purposes of our feasibility study, we are confident that ongoing drilling this year will materially incr...Read More
Apr 2 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of March 30&31, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Aarnav Industries Pvt LtdST Bk FacCARE A3+100Reaffirmed Adani (NS:APSE) Agrifresh LtdST Bk FacCARE A3100Reaffirmed Aishwarya...Read More
Byrne and Archibald are confident of unearthing opportunities in the market - possibly among "underserved" juniors needing to augment existing deposits or resources.Read More
Last week index score: 28.01 (updated)This week: 42.63Zinc One Resources (TSXV:Z) received the first results from drilling at its Bongar?? zinc mine project in north-central Peru.NuLegacy Gold (TSXV: NUG) said late winter storms deposited as much as three feet of snow on parts of its Red Hill property in the Cortez gold trend of Nevada, USA.Prospero Silver (TSXV: PSL) announced the results of the...Read More
Appian founder and general partner Michael Scherb is now one of eight Harte Gold directors. Harte president and CEO Stephen Roman said the major shareholder's appointee founded Appian six years ago and oversaw the fund and its investment strategy."We appreciate the contributions Michael and the Appian team have made to accelerate the development of Harte Gold," Roman said."We have made tremendous...Read More
SHANGHAI, Apr 3 (SMM) – Nonferrous metals saw mixed trading today. SHFE zinc fell 1.2%, lead slid over 1%, nickel dipped, while aluminium gained 1.6%. Copper and tin inched up.Most ferrous metals fell. Iron ore lost 1.6%, coking coal and hot-rolled coil edged down slightly, while rebar and coke closed a bit higher.Copper: The SHFE 1805 contract traded rangebound around moving avera...Read More
The new resource at Mowana is 75 million tonnes at 1.15% Cu for 861,000 tonnes of contained copper, a 6% increase on the previous model.Read More
According to Eagle Mountain, a two-year microscopy study of 39 rock samples suggests the Silver Mountain area has been affected by multiple mineralising events, with the study also highlighting consistent styles of mineralisation across the Pacific Horizon and Scarlett prospects.Read More
SHANGHAI, Apr 3 (SMM) – The copper spot market in Shanghai saw brisk transactions on Tuesday April 3 as premiums were offered at 30-100 yuan/mt against the SHFE 1804 contract. This compared with a discount of 110-40 yuan/mt on Monday April 2. Sellers took control of the market, while traders and downstream consumers were keen to stock for the Qingming Festival holiday, SMM learned.Standard-q...Read More
SHANGHAI, Apr 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 90 following the release of upbeat economic data.SHFE metals saw mixed trading overnight with aluminium rising over 1%. Copper and tin inched up, while others edged down slightly.China’s Caixin/Markit manufacturing purchasing manag...Read More
Listen to Mining Journal and its partners discuss the findings of Mining Journal's Global Finance ReportRegister NowResearch lead Chris Cann will run through the headline findings of the report including a critical review of mining's key global stock exchanges and how they compare; the results of our comprehensive investor sentiment survey; and the conclusions drawn from interviews, surveys and da...Read More