Management teams representing 30 projects picked from the Mining Journal Intelligence database - a list of quality undeveloped assets from more than 2,000 listed companies - will be presenting at the event in London on June 26-27, and they will be looking for investors to back them. While Rule knows exactly what he is looking for in a undeveloped project - several of his current investm...Read More
One division will focus on Carajas Copper and the other on CentroGold, with both having a dedicated general manager and being supported by the technical services group, which has been reinforced to accommodate growing exploration and development commitments.Under Carajas Copper, Otávio Monteiro has been promoted to general manager after being general manager of the Antas mine. Mike Sousa wa...Read More
The shareholders voted in favour of all resolutions relating to the deal at a general meeting on Wednesday.DRD will now issue about 265 million shares to Sibanye-Stillwater in return for the assets, giving the latter a 38% holding in DRD.Sibanye-Stillwater also has a 24-month option to subscribe for enough shares to hold a 50.1% stake in DRD in exchange for cash.The approval was the milestone DRD...Read More
SHANGHAI, Mar 29 (SMM) – Copper prices are likely to be rangebound at a relatively high level in 2018 as supplies of copper concentrate tighten, Jiangxi Copper said in its earnings report on Thursday March 28.The growth in global copper concentrate output is set to slow down in the next two to three years as the last round of copper mine investment comes to an end. Consumption, meanwhile, wi...Read More
It aims to issue new shares at a price of £0.036 (US$0.051) per share, a discount of 12.2% to the closing mid-price of £0.041/share on March 28 and the same price as the Greenstone Resources subscription.Read More
SHANGHAI, Mar 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose to 90 given the inflow of month-end capital and as concerns of a trade war eased. Positive economic data from the US released overnight also buoyed the index.Base metals saw mixed trading as SHFE metals, except for copper and lead, fell. L...Read More
SHANGHAI, Mar 29 (SMM) –Copper: A stronger US dollar and falling oil prices are likely to keep copper prices under pressure. We expect LME copper to trade at $6,640-6,690/mt today and the SHFE 1805 contract at 49,400-49,900 yuan/mt. Spot discounts are expected at 200-140 yuan/mt.Aluminium: A total of 18,000 lots of short positions were added to SHFE aluminium at the start of the trading...Read More
The US$185 million acquisition will provide access to the mine, as well as associated properties and exploration rights of the multi-deposit complex. The latter includes the two main Nkran and Esaase deposits and nine known satellite deposits.Read More
The most important marker right now is the silver to gold ounce ratio.Read More
Hungarian-born Munk built Barrick up from modest investments in two small mines in Ontario and Quebec in 1983 to a company with operations spanning across the Americas to Saudi Arabia, Zambia, Papua New Guinea, and Australia.Born into a prosperous Jewish family in Budapest in 1927, Munk and his family fled the invading Nazis in 1944 and arrived in Toronto with a single suitcase in 1948, when Peter...Read More
St-Onge, who has a Queen's University MBA, spent the past nine years with Export Development Canada, most recently leading development of EDC's relationships with Canada's largest financial institutions."The future of mining is digital and Micromine's first class software solutions make it perfectly placed to embed itself as the new industry standard in North America," she said this week.St-Onge i...Read More
The company said this week that due to the disappointing performance of its mining business and the impact of legacy residential projects, it expected to post a full-year underlying net loss before tax of A$3-5 million.Read More
CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSXV:CUU) (OTC-Pink:CPFXF) is pleased to announce that its unaudited interim consolidated January 31, 2018 financial statements have been filed on SEDAR. All of the Company’s material subsidiaries are wholly owned, except for Carmax Mining Corp. (“Ca...Read More
While only 5-6 rigs at this stage - added to a fleet cut down from 889 at the end of 2016 to 720 units last year - Boart global director of commercial drilling services, Bob Buto said the high-tech machines would help meet the changing needs of users."We will continue to evaluate opportunities where we can help our customers meet their 2018 exploration goals using the latest technology," he said.B...Read More
WMI said the launch advanced the application of digital technologies in support of safer and more efficient mining operations.According to Sibanye-Stillwater, the initiative leverages a growing range of on-site facilities with multi-disciplinary research that draws on expertise from other departments at the university and from partners locally and abroad.It is a simulated mining environment in the...Read More
Mid-tier gold and copper miner Aura Minerals (TSX:ORA) announced that it is working towards reactivating its Aranzazu and S??o Francisco gold projects in Mexico and Brazil, respectively.During a conference call held to announce its consolidated financial statements for the years ended December 31, 2017 and 2016, President and CEO Rodrigo Barbosa said that besides making efforts to bring the mines...Read More
Edmonton-based Grizzly Discoveries announced its intentions to purchase the cobalt-copper-silver "Robocop Property," located within the Fort Steele Mining District in southeastern British Columbia.In detail, the property is located east of the company's Greenwood property or approximately 45 kilometres south of the town of Fernie, immediately north of the Canada-US border. Robocop is comprised of...Read More
BEIJING, March 28 (Reuters) - Jiangxi Copper Co Ltd, one of China's biggest copper smelters, said on Wednesday its 2017 net profit more than doubled, growing at the fastest pace in seven years, mainly due to higher copper prices.The Nanchang-based company also aims to increase its copper output in 2018, though it will be monitoring the market due to the country's expected slower growth in key infr...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) may soon make a decision about whether or not to restart operations at its La Coipa gold and silver mine in northern Chile, as it expects to receive the remaining permits to resume mining by July.Operations at La Coipa mine, located in Chile's Atacama Region, were halted in 2013, when the targeted orebody run out of riches. But the results of a pre-f...Read More