"International Nickel Study Group (INSG) out with a market report this week forecasting a 117kt deficit in the #nickel market this year vs ~100kt in 2017. Deficits large and growing. The nickel market is structurally short"Read full newsRead More
BTL Group's (TSXV:BTL) CEO Dominic McCann shares his excitement about the release of their new blockchain platform Interbit.McCann says this will now allow companies to address cyber security by making data more secure.He says Interbit will allow mass processing of data to be more efficient and in return save costs.The new step for BTL is to get the word out about Interbit and showing companies ho...Read More
Russia's leading coal producer, SUEK, has joined the World Coal Association (WCA), the only body acting internationally on behalf of the global coal industry. With 15 underground mines and 12 open pits in Siberia and the Far East of Russia, SUEK is one of the world's largest coal companies that produces higher-quality enriched coal."As the WCA continues to demonstrate the vital role coal plays in...Read More
Mining Capital's Alastair Ford talk about the week in mining.He says copper prices will be interesting to watch and also if the demand for lithium will continue. Ford also highlighted some companies making news his week in including Thor Exploration (TSXV:THX) Meet Peninsula Mines Ltd and Silver City Minerals Ltd at our event,Sydney, 07 May 2018.Register here >>Read More
Jonathan Satchell, chief executive of Learning Technologies PLC (LON:LTG) discusses with Proactive Investors their acquisition of digital human resources group PeopleFluent.A placing at 98p raised ?85mln to help fund the deal.PeopleFluent works for 50 of Fortune's list of top 100 US companies and generated sales of ?83mln and underlying profits [EBIT] of ?9.2mln in 2017. Meet Peninsula Mi...Read More
LONDON, April 26 (Reuters) - Kazakhstan-focused Kaz Minerals will scrap its secondary listing in Hong Kong because of a lack of appetite from investors, the company said on Thursday.Since the 2011 secondary listing only a small number of shareholders have elected to hold their stock on the Hong Kong register, Kaz Minerals said.Trading in Kaz Minerals' Hong Kong shares, which represent only 0.03 of...Read More
(Bloomberg) - A little-known Chilean company that until recently churned out mostly crop nutrients may hold a key to the future of electric-vehicle production. And a Chinese mining company is standing ready, poised to grab a big piece of it.Soc. Quimica & Minera de Chile SA sits on the world's richest deposit of lithium. It already produces more than 20 percent of the global supply and is about t...Read More
(Bloomberg Gadfly) - The most drawn-out deal in the global mining industry looks set for another round.Freeport-McMoRan Inc. shares have fallen about 21 percent since they opened Monday, headed for their worst weekly performance in almost three years.The reason is a further wrinkle in the Indonesian government's attempt to lift its stake in the Grasberg mine on the island of New Guinea, one...Read More
(Bloomberg) - Latin America's top mining exposition kicked off with a seminar on promoting gender equality. Meanwhile, at the exhibition center a few miles away, women in tight dresses and high heels posed next to mining tool booths and strip-club promoters at the entrance offered two-for-one drink coupons to attendees.The week-long Expomin event in Chile offered a glimpse at both how far the ind...Read More
Mr. Ian Klassen reportsGMV MINERALS INC.'S INDEPENDENT CO-AUTHORS REQUIRE 2-3 ADDITIONAL WEEKS TO COMPLETE THE UPDATED MINERAL RESOURCE ESTIMATEGMV Minerals Inc.'s two independent co-authors, engaged to update the company's mineral resource estimate, will require two to three weeks of additional time to complete and submit their report. Dr. D.R. Webb, PhD, PGeo, PEng, the company's acting project...Read More
Ontario is helping to build capacity in Northern Ontario's agri-food sector, and investing in the work of northern farmers to improve their land, diversify crops and expand their businesses.Through the Northern Ontario Heritage Fund Corporation, the province is investing in 27 agriculture projects across the North, including an assessment of the North's dairy processing sector by the Northern Ont...Read More
NEW YORK, April 26 (Reuters) - Gold and diamond companies including Berkshire Hathaway Inc's Richline Group Inc joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said on Thursday.The joint initiative dubbed TrustChain aims to make it easier for consumers to track diamonds and precious metals through the various steps o...Read More
RIO DE JANEIRO, April 26 (Reuters) - Brazil's Vale hopes to find a partner for its struggling New Caledonia nickel mine by the end of the year but it is not clear if the world's largest nickel producer will continue nickel operations there, executives said on Thursday.A day after first quarter results showed a 36 percent slump in profit, executives said they were not satisfied with nickel prices.H...Read More
The opinions expressed here are those of the author, a columnist for ReutersLONDON, April 26 (Reuters) - "Our industry is going to suffer from disruption, distortion and damage. April 2018 has not been a good month for aluminium globally."That was the view of Ron Knapp, secretary-general of the International Aluminium Institute (IAI), in his opening address to CRU's World Aluminium Conference in L...Read More
MOSCOW, April 26 (Reuters) - Russia's Norilsk Nickel (Nornickel) has cut the 2018 production forecast for its new Bystrinsky copper project near the Chinese border due to a problem with equipment which it hopes to fix in the second quarter, it said on Thursday.Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, said its 2018 output forecast from its main assets was...Read More
SANTIAGO, April 26 (Reuters) - Chile's Escondida, the world's largest copper mine, said on Thursday that early contract talks with its workers' union ended without an agreement, setting the stage for legally scheduled negotiations to begin in June.The union representing workers at the mine, which is controlled by BHP told Reuters this week that it was "highly probable" that an agreement for a new...Read More
Oil and gas producer Cenovus Energy Inc expects Canada's railways to be able to carry more oil in the second half of this year, easing transport bottlenecks and allowing it to stick to previous annual forecasts.Cenovus, one of the biggest of Canada's oil sands producers, said in March that it was operating at lower capacity due to the maxing out of pipelines and other routes through which it sends...Read More
Oil and gas producer Cenovus Energy Inc expects Canada's railways to be able to carry more oil in the second half of this year, easing transport bottlenecks and allowing it to stick to previous annual forecasts.Cenovus, one of the biggest of Canada's oil sands producers, said in March that it was operating at lower capacity due to the maxing out of pipelines and other routes through which it sends...Read More
Mr. Eric Fier reportsSILVERCREST ANNOUNCES C$15 MILLION BOUGHT DEAL FINANCINGSilvercrest Metals Inc has entered into an agreement with a syndicate of underwriters led by PI Financial Corp. and Cormark Securities Inc., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 7,143,000 common shares of the company at a price of $2.10 per share for aggregate gross proceeds...Read More
Mr. Ivan Bebek reportsAURYN EXPANDS SOMBRERO DISTRICTAuryn Resources Inc. has staked a substantial land position in the Andahuaylas-Yauri belt in southern Peru. This area hosts significant large-scale porphyry and skarn deposits such as the Las Bambas, Tintaya, Antapaccay, Cotabambas, Los Chancas and Constancia deposits, as well as Auryn's undrilled Sombrero project. Approximately 60,000 hectares...Read More