New research published in Nature Communications reveals that manganese has a novel chemical state. According to the U.S. Department of Energy's Lawrence Berkeley National Laboratory, this new state enables a high-performance, low-cost sodium-ion battery that could quickly and efficiently store and distribute energy produced by solar panels and wind turbines across the electrical grid.The idea of t...Read More
Vancouver-based Trevali Mining (TSX: TV) and Quebec-based Puma Exploration (TSX-V:PUMA) have entered into a Letter of Intent for the acquisition by the former of an option to acquire an interest in the Murray Brook Deposit and to form a proposed Strategic Exploration Alliance in the northern portion of the Bathurst Mining Camp in New Brunswick, Canada.Under the terms of the LOI, Trevali, at its op...Read More
RIMOUSKI, Quebec, March 02, 2018 (GLOBE NEWSWIRE) - Puma Exploration Inc. (the "Company" or "Puma") (TSX-V:PUMA) is pleased to announce the signature of a non-binding Letter of Intent (LOI) with Trevali Mining Corporation (TSX:TV) setting the terms of a Strategic Alliance for the development of the Murray Brook Deposit (ML 252) and the exploration of combined mining properties in the Restigouch...Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistChina's staggering demand for commodities>50% of all steel, cement, nickel, and copper goes thereThe Chart of the Week is a weekly Visual Capitalist feature on Fridays.It's said that in China, a new skyscraper is built every five days.China is building often, and they are building higher. In fact, just last year, China completed 77 of the wor...Read More
(Bloomberg) - The union representative on Codelco's board of directors fears a proposal by Chile's incoming government to split the giant copper producer in two is a first step toward privatization.Chile's incoming government is working on a plan to break up Codelco into northern and southern divisions, Mining Minister Baldo Prokurica told La Tercera newspaper last week. The new cabinet led by P...Read More
Chile, the world's No. 1 copper producer and one of the top lithium suppliers, is expected to attract about $60 billion in new mines and expansions over the next 20 years, the country's minister of mining says.According to Aurora Williams, miners with operations in the country currently spend $15 billion on support services a year, so the government has set an ambitious goal of helping locals to...Read More
RESOURCEStocks: Christian, the Hot Chili consolidation strategy continues apace with your latest deal to acquire 90% of another highly prospective copper property, Valentina, near the company's Productora project. Like the other two new additions to the portfolio, San Antonio and Lulu, Valentina has had limited drilling and mining that has underlined its potential as an attractive copper explorati...Read More
MICROMINE, the leading provider of intuitive mining solutions, is set to release the latest version of its market leading 3D modelling and mine planning software Micromine, in Q2 2018.MICROMINE has maintained its market leading reputation by regularly releasing new software versions which build upon the strengths of its solutions. This ensures MICROMINE's software continues to meet evolving user n...Read More
Vancouver-based Darien Resource Development (TSXV: DRR), which will soon change its name to New Energy Metals Corp., announced today that has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile. In detail, the mining site is located along the West Fissure, near the border with Peru, which hosts to the majority of Chile's large p...Read More
SANTIAGO, March 1 (Reuters) - The main union of Chile's Los Pelambres copper mine will vote next week on a new contract its members have not yet received and which could lead to a strike if they refuse, a union leader told Reuters on Thursday.The president of the union for Los Pelambres, a unit of the local group Antofagasta, said the company's proposal would be finalized no later than Friday."We...Read More
Today, Canadian Orebodies Inc. (TSX-V: CORE) released results from its fall 2017 Black Raven prospecting program which is indicating a significant discovery of multiple high grade gold bearing vein structures. The results are validating the company's strategy of consolidating its land position at Black Raven as it is starting to uncover a new trend in the historic Hemlo mining camp. Prospect...Read More
Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has benefitted Gold appears due for a pau...Read More
SHANGHAI, Mar 1 (SMM) – Nonferrous metals futures saw mixed trading on Thursday March 1 with SHFE lead dropping over 1%. Tin, copper and nickel edged down slightly, while aluminium gained some 1% and zinc inched up.The ferrous complex continued to trade rangebound. Coking coal dropped over 1% while coke, rebar, iron ore and hot-rolled coil went up slightly.Copper: We still see downward room...Read More
RESOURCEStocks: Last year was one of significant achievement for Greenland Minerals and Energy and the Kvanefjeld rare earth oxide/uranium/zinc project in Greenland. Just before year's end you announced the project's Chinese partner, Shenghe Resources, had made important progress with ongoing metallurgical testwork, in China. Specifically, showing REO concentrate grades could be boosted by about 6...Read More
A new report by BMI Research states that a possible victory by frontrunner presidential candidate Andr?(C)s Manuel L??pez Obrador poses "minimal downside risks to an otherwise strong outlook" for Mexico's mining industry.According to the market research firm, the populist candidate's policy goals would indeed represent a major shift from the current administration and that is why they have stoked...Read More
The Oyu Tolgoi copper and gold mine in Mongolia's southern Gobi Desert will lift force majeure effective March 1 and majority owner Turquoise Hill Resources Ltd said on Wednesday that it expected to make up any sales-related effect over the next few quarters.Force majeure was declared Jan. 17 after protests by Chinese coal haulers disrupted deliveries by blockading roads near the Chinese-Mongolian...Read More
Sweden's billionaire Lundin family is looking to spend as much as $3 billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project.Lundin Mining Corp. is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1 billion to $3 billion, Lukas Lundin said in an interview Wednesday from the BMO Global Metals & Mining Con...Read More
* Supreme Court ruled against government in December* MCC has said will challenge government plansULAANBAATAR, Feb 28 (Reuters) - Mongolia's Constitutional Court ruled on Wednesday that Mongolian Copper Corporation (MCC) never had the right to 49 percent of one of Asia's biggest copper mines, supporting an earlier resolution by the government to buy back the stake.The ownership battle is set again...Read More
Copper futures trading on the Comex market in New York fell for the fourth straight session on Wednesday on fresh doubts about the strength of the economy in top consumer China.Copper for delivery in May slumped 1.8% to a low of $3.1295 a pound ($6,900 a tonne) in early afternoon trade, down more than 5% so far this year.Chinese manufacturing data suffered its biggest fall in five years in Februa...Read More
JOHANNESBURG, Feb 28 (Reuters) - South Africa's new mining minister Gwede Mantashe said on Wednesday he will finalise the latest version of an industry charter which lays out requirements for black ownership levels and other targets in the next three months.Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top...Read More