In an exclusive interview with Mining Journal, Russian-born businessman and Chaarat director Artem Volynets said he hoped Centerra management "will take its head out of the sand and start negotiating".Read More
The mining sector on London's FTSE100 index ended more than 4% lower on Friday.Among the diversifieds, Rio Tinto (LSE: RIO) had closed down 4.15%, Glencore (LSE: GLEN) was down 4.32% and Anglo American (LSE: AAL) was 4.24% lower.Gold miner Randgold Resources (LSE: RRS) also fell, closing down 3.94%, and copper producer Antofagasta (LSE:ANTO) was off 4.13%.BHP was less impacted in Australian trade...Read More
Lucapa and its partners, Empresa Nacional de Diamantes and Rosas & Petalas, said the sale of the alluvial diamonds recovered from mining blocks four and six generated an average price of $1,150 per carat.The sale took the gross sales proceeds from Lulo so far this year to $15.9 million at an average price of $1,642/ct.The sale excluded a number of large white specials stones and a coloured spe...Read More
According to Credit Suisse's analysis, a potential 1.6 million tonnes of additional copper production is on the cards from significant development in the period 2020-2022, an amount that's somewhere in the order of double what was previously being factored-in for that timeframe.Read More
The industry has been given 30 days to comment on it before it is gazetted, with a summit to be held in two weeks' time to discuss the draft.Read More
"The thing we don't do well, and we would be better prepared if we improved in this area, is collaboration," he told Mining Journal.The 56-year-old is one of the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" being published this month."We still very much row our own boats," he explained."But the speed at which collaboration ca...Read More
Libero issued shares, worth about C$936,000 (US$710,000) comprising a 19% stake in the junior, and a 2% net smelter returns royalty to B2Gold for 100% of the project.Mocoa has an in-pit inferred resource of 636 million tonnes at 0.33% copper and 0.036% molybdenum, or 0.45% copper-equivalent, for 6.31Blb CuEq.Libero said Mocoa was near the Ecuador border and was discovered in 1973 when the United N...Read More
CALGARY, Alberta, June 18, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”), raising aggregate gross proceeds of $1,200,000 through the sale of 12,000,000 units (each a “Unit”) at a...Read More
The company's shares started trading on the Nasdaq Stockholm Monday, less than two months after Atlas Copco shareholders voted to spin out the mining equipment and infrastructure businesses at the company's April 24 annual general meeting.The split had been planned for about a year, with Atlas Copco shareholders each receiving one Epiroc share for each of their Atlas Copco shares.Epiroc said its t...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Read More
The Minerals Council South Africa, an industry lobby group, said on Sunday it does not support some elements in the latest draft of an industry charter, including a stipulation that one percent of core profit is paid to communities and employees.South Africa plans to raise black ownership at permit-holding mining companies to 30 percent from 26 percent within five years, the draft showed on Friday...Read More
South Africa's Mineral Resources Minister Gwede Mantashe said on Sunday that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mining sites. To date, #SibanyeStillwater operations are responsible for 20 of the 45 fatalities reported since the beginning of the year. It, therefore, cannot be business as usual in how the Regula...Read More
The U.S. Environmental Protection Agency is planning to dredge contaminated sediment from streambeds and dig ditches to divert water away from tainted rocks and soil, in an effort to clean up wastewater flowing from 26 old mines in southwestern Colorado.According to the Associated Press, such efforts are part of an interim plan the EPA is advancing with the idea of keeping toxic heavy metals from...Read More
(Bloomberg) -- If mining companies are as bothered by Trump’s tariffs as investors appear to be, they’re not saying.A full-out trade war between the U.S. and China could negatively affect the metals and mining sector in several ways. China could respond to Friday’s U.S. tariffs by cutting imports of raw materials, hurting corporate revenue and weighing on metals prices.If it also...Read More
* FTSE 100 down 1.5 pct* $50 bln U.S. tariffs on Chinese imports end post-ECB rally* Miners, oil majors, bank stocks sink* Rolls Royce revs up 7.6 pct to 4-year high* Tesco up 2 pct on sales results* Indivior sinks 20 pct on generic drug threat (Updates prices, adds details, quotes)By Helen ReidLONDON, June 15 (Reuters) - An escalating U.S.-China trade spat sent UK stocks tumbling on Friday, sin...Read More
Investing.com - Gold prices slid in midmorning trade on Friday, hitting its lowest level so far this year despite news that the U.S. was pushing forward with tariffs on an additional $50 billion in Chinese goods.At 10:47AM ET (14:47GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell $25.70, or 2.0%, to $1,282.60 a troy ounce. That was close to an i...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.5 pct* Set for strongest in five weeks* Rolls Royce revs up 10 pct to 4-year high* Tesco up 2 pct on sales results* Indivior sinks 16 pct on generic drug threatBy Helen ReidLONDON, June 15 (Reuters) - Rolls-Royce was the bright spot on a falling FTSE 100 on Friday as energy and banking stocks tumbled, while...Read More
Investing.com - Gold prices traded lower in morning European trade but remained on track to register a second consecutive weekly gain as investors waited for U.S. President Donald Trump to approve tariffs on goods on Chinese goods worth about $50 billion.At 3:51AM ET (7:51GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell $4.80, or 0.4%, to $1,303...Read More