Story developed using data from Mining Intelligence. Learn more and schedule a demo.Most Toronto-based miners have addresses on Bay Street while Vancouver miners are evenly split between Hastings and Pender streets.Despite the commodity price shake out in 2015 and 2016, miners have mostly hung onto their downtown addresses."The mining sector occupies a large footprint in office and commercial sp...Read More
The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time.Roll forward to 2018 and there's been a near-universal shift in sentiment as strong and synchronized global economic growth drives demand f...Read More
Copper mining deals are off to the best start in at least 12 years - and more money could be pouring into the sector this year.More than $500 million in transactions are pending or were completed so far this month, the most recorded for January in Bloomberg data going back 12 years. Merger interest is picking up after years of under-investment limited mining companies' capacity to meet rising dema...Read More
Interview syndicated from Frank Holme's Frank TalkLast week the U.S. Global Investors office was visited by a living legend in the junior mining industry, billionaire founder and executive chairman of Ivanhoe Mines, Robert Friedland. In case you don't know, back in the mid-1970s, Robert was caretaker of an apple orchard south of Portland that one of his buddies from Reed College would often visit....Read More
LUSAKA, Jan 26 (Reuters) - A $1.4 billion lawsuit against Canada's First Quantum Minerals in Zambia will go ahead, a Zambian court ruled after dismissing the company's bid to stop the case.State-owned ZCCM-IH launched action in October 2016 to sue First Quantum for $1.4 billion over claims that the Canadian company borrowed $2.3 billion from its Zambian copper mining subsidiary Kansanshi Mining Pl...Read More
World's second largest mining company Rio Tinto (ASX, LON:RIO) has lifted force majeure on shipments of refined copper from its Kennecott unit in the U.S., 79 days after adopting the measure.The company halted production of refined copper at its smelter at the Utah-based mine on Oct. 8 after a worker was exposed to sulphur dioxide gases at the plant while removing debris from a boiler. The employe...Read More
Swiss miner and commodities trader Glencore (LON:GLEN) has begun hiring for a number of new positions at its Lady Loretta zinc mine in Australia, which is slated to reopen in the first half of this year.Production at the Queensland-based operation was halted in 2015 because of falling zinc prices. Since then, the metal has more than doubled, so Glencore - the world's No.1 zinc producer - announce...Read More
Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) said Friday it had begun additional exploration drilling at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The Australian gold miner noted said efforts are now focussed on targeting high-grade extensions to the Alpala resource. It also said that an additional 13,384 metres of drilling has been complet...Read More
SHANGHAI, Jan 26 (SMM)? 1/4 ?Copper: LME copper remains strong on continued increase of inventory. SHFE copper is expected to trade at 53,000-54,000 yuan/mt and spot discounts are to move at 100-50 yuan/mt supported by stockholders.Zinc: LME zinc performed strongly supported by firm fundamentals, and is expected to trade at $3,435-3,485/mt while SHFE zinc is expected to trade at 26,000-2...Read More
Gold's strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout confirms gold's bull market is...Read More
The following interview of CEO Brett Heath of Metalla Royalty & Streaming (CSE: MTA) / (OTCQB: MTAFF), was conducted by phone & email over the 3-day period ended January 21st. Metalla is a well-run, rapidly growing, precious metals Royalty & Streaming company that is relatively unknown. The Company's tried and true business model typically commands a premium market valuation, led...Read More
SANTIAGO, Jan 25 (Reuters) - Chile's state-owned Codelco , the world's largest copper miner, said on Thursday it had received environmental approvals for a revised plan to extend the working life of its century-old El Teniente copper mine.The approvals will allow the company to modify its original expansion plan, already permitted and now 44 percent complete, which seeks to add another, deeper lev...Read More
Global miner Anglo America (LON:AAL) saw its output climb 5% last year thanks mainly to its diamond and iron ore divisions, though copper production remained flat.The company said output at its diamond unit, De Beers, climbed 22% compared with the previous year to 33.5 million carats, as its Gahcho Ku?(C) mine reached full production.Gahcho Ku?(C), Canada's newest diamond mine and the world's larg...Read More
Freeport-McMoRan Inc, the world's second-largest copper miner by production, reported a bigger-than-expected jump in fourth-quarter profit on Thursday, lifted by stronger commodity prices and productivity gains.The Arizona-based company, which formed a framework agreement with Indonesia's government last August to secure a long-term permit for its massive Grasberg copper and gold mine, also said t...Read More
Shares in the world's largest mining and construction equipment maker Caterpillar (NYSE:CAT) were up almost 4% in pre-market trading on Thursday after the company posted results that beat investors' expectations.The Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported positive fourth quarter and full-year results and delivered bullish proj...Read More
Toliara in Madagascar shapes as an important ilmenite source at a time when burgeoning Chinese titanium pigment production has seen a recovery in prices and an encouraging price outlook.That makes it a different type of project to Kwale, where rutile accounts for nearly half the sales revenue currently being generated, albeit on 15% of the production volume from the operation (470,000 tonnes per a...Read More
The Perth-based, Toronto-listed junior finally got its hands on the Djarkadougou permit, which includes the Bondi deposit, six months ago after a protracted courtship of Orezone Gold Corp and a year-long government approval process. Sarama persevered for a long time to get its hands on the permit because of its strategic position, wedged between its 2.1 million ounce South Houndé proje...Read More
The 100%-owned Citronen mine will add up to 200,000 tonnes of zinc to annual supply and rank among the world's top six producers.While that might sound like bad news for prices, the global zinc market is something of a special case. Warehouse stocks on the London Metal Exchange have been cleaned out by a string of mine closures, a dearth of new projects and relentless growth in global demand of ab...Read More
KINSHASA, Jan 24 (Reuters) - Democratic Republic of Congo's new proposed mining code, which the industry has warned will stifle investment in the copper and cobalt-rich nation, sailed through the Senate without opposition late on Wednesday.A version passed by the National Assembly - Congo's lower house of parliament - last month would increase taxes and royalties, including potentially more than d...Read More
Paris La D?(C)fense, January 24, 2018 - Today, copper is at the core of a series of initiatives that are driving the world's sustainable growth. In addition to being a key component in many electrical applications including turbines, renewable power generators, inverters and transformers, copper remains the critical raw material for efficient and reliable cable technologies essential for the futu...Read More