The United States has twice as many operating mines owned by publicly-traded companies than any other country, according to data from Mining Intelligence.As of this month there are 845 operating mines in the U.S., giving it 20% of the world's total.Russia is second with 408. Canada ranked eighth with just 167 operating mines.Mines considered in the survey had the following criteria:Mines are owned...Read More
World's largest miner BHP (ASX, NYSE:BHP) (LON:BLT) is said to have hired Goldman Sachs to assist in the sale of the Western Australia-based Nickel West, four years after giving up on the plan to divest the asset because it could find a suitor to meet price expectations.In 2017, the last time Nickel West was on the block, Glencore offered $200 million for the business, The Australian reports. (su...Read More
Ten people were killed and another 10 injured after a dumping site for copper mining waste collapsed in the town of Kitwe in Zambia's Copperbelt province, police said on Wednesday."The incident happened this morning and at least 10 people have been confirmed dead," Copperbelt police chief Charity Katanga said by phone from Kitwe, 400 km (248 miles) north of the capital Lusaka.Zambia is Africa's se...Read More
SHANGHAI, Jun 20 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index registered a fresh high in 11 months on Tuesday and closed at 94.98 overnight, up 0.25%.This led base metals futures to fall across the board, except for SHFE tin. LME copper, aluminium, zinc dropped over 2%, nickel slid close to 2%, tin and lead fell cl...Read More
* (Updates to close, adds commentary)* Agricultural commodities, metals, stocks tumble* Bond yields tumble as U.S. Treasuries in demand* Oil futures fall, investors eye safe haven currencies* Risk sentiment hurt as Trump threatens China with new tariffsBy Sin?(C)ad CarewNEW YORK, June 19 (Reuters) - Global stock markets fell with U.S. bond yields and agricultural commodities on Tuesday, while the...Read More
* (Updates to early afternoon, adds commentary, price updates)* Agricultural commodities, metals, stocks tumble* Bond yields tumble as U.S. Treasuries in demand* Oil futures fall, investors eye safe haven currencies* Risk sentiment hurt as Trump threatens China with new tariffsBy Sin?(C)ad CarewNEW YORK, June 19 (Reuters) - Global stock markets tumbled with U.S. bond yields and agricultural commod...Read More
* STOXX 600 down 0.7 pct* Autos tumble on trade tariff fears* Siemens (NS:SIEM) and Airbus lead industrials down* Multinational clothes, luxury stocks sell off* Debenhams falls after another profit warning (Adds details, closing prices)By Helen ReidLONDON, June 19 (Reuters) - European shares extended a sell-off on Tuesday as a trade war between the United States and China escalated, with autos...Read More
Rio Tinto Aluminium CEO Alf Barrios told delegates at the Resources for Future Generations conference in Vancouver Tuesday that the trade dispute showed how deeply US-Canadian trade relations ran.Read More
Investing.com - Gold prices were modestly lower on Tuesday, pressured lower by a rising U.S. dollar while trade tensions lingered.Comex gold futures for August delivery were down 0.23% to $1,277.20 a troy ounce as of 10:08 AM ET (14:08 GMT).Trade tensions between China and the U.S. continued, as the two largest economies in the world faced a tit-for-tat over global trade tariffs.In the latest spat...Read More
Under the deal, the Hong Kong-based private equity firm will pay US$230 million for the mine, plus about US$40 million through the sale of copper stockpiled at the operation and up to US$50 million in the future depending on the performance of the copper price.The deal is expected to close by the end of the year."We are very excited by the acquisition of Cerro Colorado. It is a copper mine of scal...Read More
Newsworthy drilling results have led to a 39.2% increase in measured gold ounces in an updated resource for the project, in the province's Golden Triangle. Read More
The above-mentioned intercept was part of a wider 147.7m at 1.25% copper and 0.28g/t gold from 42.5m."Our excitement now is getting to test the potential for additional Caballito magnitude widths and grades over the next kilometre of strike," president and CEO Marc Prefontaine said.The company said similar Caballito-style copper-gold mineralisation was found when relogging 2017 and historical dril...Read More
SHANGHAI, Jun 20 (SMM) – Nonferrous metals futures, except for SHFE tin, inched down across the board on Wednesday June 20. The ferrous complex mostly gained. Hot-rolled coil went up over 1%. Rebar and coke edged up. Coking coal fell nearly 1%, and iron ore closed slightly lower. Copper: The SHFE 1808 contract hovered around the daily moving average within a range of 100 yuan...Read More
On Monday, Redstone Corporation, a subsidiary of Gina Rinehart's Hancock, lodged a bidder's statement for the unconditional 4.2c per share cash offer after acquiring 19.96% of Atlas last week.Read More
The spot gold price was about US$7 an ounce lower than this time yesterday, around $1,275/oz.Meanwhile as the summer/winter solstice nears (depending on your hemisphere), Solstice Gold (TSXV: SGC) was one of the standouts among juniors in Toronto as it announced "gold grains" from exploration at its Kahuna gold project in Nunavut.Shares in the company, which listed on the TSX Venture Exchange a mo...Read More
SHANGHAI, Jun 20 (SMM) –Copper: LME copper plummeted to the $6,800/mt level overnight while the SHFE 1808 contract slowed its decline. Support is seen at the $6,800/mt level for LME copper and we believe the SHFE 1808 contract is likely to stabilise at the 51,500 yuan/mt level. In the physical market, downstream consumers were keen to stockpile as futures prices fell. Such purchasing en...Read More
The 37-year-old was injured by a loader and succumbed to his injuries at an outpatient clinic, sister publication Mining News Brazil (NMB) reported. Read More
The copper price has turned a corner in recent times, coming off a prolonged price downturn from 2012 to 2017, which saw the red metal bottom at just under US$2/lb. Read More
Output is now estimated at 500,000-540,000 ounces versus previous guidance of 480,000-530,000oz.OceanaGold said operating performance at Haile had been strong with recent solid plant performance, and mining activities were gradually improving, while improvement to the mine plan had seen Didipio in the Philippines continue to outperform.In New Zealand, after a slow start Waihi was back on track whi...Read More