The Bernstein analyst has gone into bat for London-listed miners' value to the global economy, saying it was ludicrous the companies digging up the materials needed for all other industries were not sitting on higher valuations.Read More
SHANGHAI, May 21 (SMM) – Spot copper was mostly offered at a discount of 50 yuan/mt to a premium of 20 yuan/mt over the SHFE 1806 contract on Monday May 21 in the Shanghai market. This compared with a discount of 80-20 yuan/mt on Friday May 18.Sellers raised offers from last Friday amid an optimistic outlook as US-Sino trade tension eased. The SHFE 1806 contract stood firm above 51,000 yuan/...Read More
The US Department of the Interior published the list on Friday after president Donald Trump called for a critical mineral strategy at the end of 2017.NioCorp said the Elk Creek Superalloy Materials project was one of the few polymetallic greenfield mining projects in the US that proposed to produce multiple critical minerals - namely niobium, scandium and titanium.It said the Elk Creek ore bo...Read More
SHANGHAI, May 21 (SMM) –Copper: Suppressed by the strong US dollar, the trading level of copper prices dipped. LME copper struggled among all the moving averages with strong pressure at the 60-day moving average, while the SHFE 1807 contract struggled between the five- and 10-day moving averages with support at the 40-day moving average. We expect LME copper to trade at $6,820-6,870/mt today...Read More
Centerra had gained both the portfolio and feasibility-stage Kemess copper-gold project from its acquisition of AuRico Metals, which was completed in January.Read More
Known round the traps as JP, he's now the incoming managing director of Dempsey Minerals (DMI), the ASX-listed company that's acquring the ground he picked up in Argentina.Read More
Back in Austin, Texas, on the weekend, the US Global Investors CEO wrote in his blog: "Blockchain has the potential to revolutionize how gold and precious metals are manufactured and delivered.""Blockchain is also bringing change to gold investment. Consider Royal Mint Gold which aims to provide the ‘performance of the London Gold Market with the transparency of an exchange-traded security'...Read More
The price of cobalt has been drifting after hitting near 10-year peaks in March to exchange hands for $91,000 a tonne on Friday.Cobalt is still up nearly fourfold since hitting multi-year lows at the beginning of 2016 as worries about supply of the metal, a crucial element in batteries, combine with expectations of booming demand from the electric vehicle sector.The city of Mbandaka [population 1....Read More
Southern Copper's Manager of Technical Services, Carlos Aranda, said this week that the $1.4 billion T?-a Mar?-a copper project, located in the southern Peruvian region of Arequipa, is gaining legitimacy amongst the population.In a conference held before Peru's Mining Engineers Institute, Aranda said that the company, a subsidiary of Grupo M?(C)xico, has been able to knock down previous resistance...Read More
Coronet Metals (TSXV: CRF) announced this week that it has entered into an agreement to gain 100% interest in 3,888 mineral claims totalling over 62,000 hectares in the Meguma Gold Belt located in Nova Scotia, eastern Canada.In a press release, the company explained that the claims are adjacent and along trend from Atlantic Gold's Touquoy disseminated open-pit gold deposit. On its website, Atlanti...Read More
"Those who can achieve this productivity leap could potentially even change their relative position on the entire industry cost curve," said Metso Corporation's Jani Puroranta in an interview after the release of results of Mining Journal/Mining Magazine Future of Mining asset management survey of leading global miners.Read More
The overall picture of improving health among companies that fall under the heading of METS (mining equipment, technology and services) was well covered earlier this month in a report by Richard Roberts.Read More
(Adds details)NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's VED.L shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India, its subsidiary Vedanta Ltd said on Friday.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and...Read More
NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's VED.L shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta says....Read More
Investing.com - Demand for gold fell on Friday, amid a strengthening U.S. dollar.Comex gold futures for June delivery were down 0.08% to $1,288.40 a troy ounce as of 10:13 AM ET (14:13 GMT).The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was...Read More
Investing.com - Gold prices remained lower on Friday, held back by rising Treasury yields and a stronger dollar.Comex gold futures for June delivery were down 0.12% to $1,287.90 a troy ounce as of 10:33 AM ET (14:33 GMT).The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.The U.S. dollar index, which measures the greenback’s strength against a bask...Read More
Eight years after the adoption of the world's first Glacier Protection Law, Argentina's Glacier Institute (the IANIGLA) finally released the official version of Argentina's first complete glacier inventory. The IANIGLA has registered 16,968 glaciers, which are now precisely identified and fully protected by Argentina's Glacier Law, the first of its kind anywhere on the planet. The results of this...Read More
NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta says.The unit...Read More
Glencore's (LON:GLEN) copper operations in the Democratic Republic of Congo will soon be the target of British regulators, which are planning to open a formal bribery investigation into the company and its deals Dan Gertler, an Israeli mining tycoon implicated in the payment of bribes to the country's leader Joseph Kabila.An investigation by Britain's Serious Fraud Office (SFO) "would represent a...Read More