SHANGHAI, Apr 9 (SMM) – Traders were actively looking to sell copper in the Shanghai spot market on the morning of Monday April 9. While they offered the red metal at a premium of 60-120 yuan/mt, transactions were mostly concluded at a premium of 70-100 yuan/mt.Standard-quality copper was heard traded at 50,320-50,460 yuan/mt and high-quality copper was at 50,340-50,500 yuan/mt, SMM lea...Read More
Japan’s largest copper smelter Pan Pacific Copper plans to increase its output by 300,000 mt during April to September this year, the company said last Friday.This would be a 15% increase from the same period last year. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cnRead More
It produced 124,296 ounces of gold during the January-March period, up 14% year-on-year, with the full-year guidance for 2018 kept at 580,000oz.Read More
SHANGHAI, Apr 9 (SMM) – This is a roundup of global macroeconomic news last week and what is expected today.Last weekThe US dollar closed at 90.12 on Friday April 6, up 0.25% over the week. LME metals fell across the board on Friday except for aluminium, which was up over 3% inventory dropped for the first time in over nine months. Copper edged down close to 1%. Zinc and tin fell over 1...Read More
It said the funds from a new cornerstone investor and existing shareholders would enable it to immediately launch an extensive follow-up exploration and drilling programme at the 80%-owned Brooking diamond project in Australia's West Kimberley region.Read More
SHANGHAI, Apr 9 (SMM) – Spot copper in the Shanghai market was offered at a premium of 70-110 yuan/mt on the morning of Monday April 9, SMM learned. This compared with premiums of 50-80 yuan/mt on the morning of Wednesday April 4. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm...Read More
The Tanzania gold miner has just finished a 1,600m drilling programme at the planned main pit area at Singida, which will be used in an updated mineral resource for the project and to attract an equity partner.Read More
Just back from Peru and speaking ahead of the 17th World Copper Conference and CESCO Week, the global copper industry´s annual gathering in Santiago, the South African said that management planned to get approval from the directors for the US$5.5 billion investment at a meeting scheduled for the middle of this year.Read More
SHANGHAI, Apr 9 (SMM) –Copper: LME copper rebounded to a high of $6,870/mt last Friday due to a weaker US dollar. In the short term, the upward trend for copper prices will face resistance as a China-US trade war continues to brew. We see LME copper trading at $6,740-6,800/mt with the SHFE 1805 contract at 50,000-50,600 yuan/mt today. On the spot market, we see premiums slightly lower at 10-...Read More
The department said in its March Resources and Energy Quarterly report the Japanese fiscal year (JFY) benchmark price for the April 2018-March 2018 period was likely to settle at US$100 per tonne for Australian coal shipped from Newcastle port to Japan.Read More
The company announced on Friday it had started arbitration proceedings against a Hong Kong company, Tanzanian Goldfields Company, alleging it had failed to adhere to a contractor and option-to-purchase agreement over its Tanzanian assets.Read More
Torex had said in January that an illegal blockade by an external union at its ELG mine complex had been removed, giving it access to the main plant, accommodation facilities, security for the main plant site, and for the El Limon Pit, enabling processing to restart on January 16.Read More
The company said a contractor crew of eight was working inside the reclaim tunnel of the Ahafo mill expansion project when the roof collapsed. Two escaped with minor injuries."Operations at Ahafo have been suspended, and the Ahafo mill expansion project will be suspended until Newmont is satisfied that work can recommence safely," the company said in a statement.President and CEO Gary Goldberg ext...Read More
The project is part of the company's plans to stop using fresh water altogether in Chile from 2030.The new 2,500l/s plant is in addition to the existing 525l/s plant which has been operating for 12 years.BHP said the investment covered two pipelines that took the water 3,200m above sea level, four high-pressure pumping stations, a reservoir at the mine and high-voltage electricity infrastructure t...Read More
Bottle Creek drilling program is ahead of schedule with the receipt to date of 1,600m of RC drilling results from the Emu Deposit at Bottle Creek, WA.Gold assays and multi-element assays have been received with results up to 23.4 g/t Au1, 29 g/t Ag and 0.57 % Pb2 returned.Please click here for full announcementRead More
Alt Resources Limited (ASX: ARS) is a junior ASX listed gold exploration company whose main focus is on its group of gold assets lying within the Mt Ida Gold Belt, situated in the South Central region of Western Australia, namely Bottle Creek, Quinn's and Mt Ida gold projects, along with polymetallic exploration tenements in NSW prospective for gold, silver, copper, zinc and lead at the Paupong an...Read More
U.S.-based construction firm Fluor Corp subcontracted earth-moving work on the Quellaveco copper mine in Peru to local company Grana y Montero, in a sign the stalled $5 billion project could be reactivated.Grana said in a statement it had won a tender from Fluor for $53.9 million for work on Quellaveco, which is controlled by miner Anglo American. The work would last about 16 months, Grana said.Fl...Read More
Investing.com - Gold prices turned around from early morning losses on Friday as a disappointing jobs report and escalating trade tensions between the U.S. and China spurred demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange slipped $8.90, or around 0.7%, to $1,337.40 a troy ounce at 10:51AM ET (14:51GMT).Gold has been on a whirlw...Read More
Investing.com - Gold prices underwent volatility on Friday after news that the U.S. is planning to slap another $100 billion tariffs on China.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange slipped $1.40, or around 0.1%, to $1,327.10 a troy ounce at 4:21AM ET (8:21GMT).Having closed a day earlier at $1,328.50, gold traded Friday in a range from $1323.20 to...Read More