Mining Articles

Siemens and Anglo American Platinum collaborate on digital and automation skills development in Africa

Apr. 19, 2018, 11:23 PM / Siemens

Johannesburg, South Africa, 17 April 2018 - Currently, one of the most debated topics influencing innovation is digitalization and its impact on the future of employment. It is met with equal parts excitement and trepidation. No matter how you look at it, digital transformation and a truly connected global economy is already upon us.Siemens (www.Siemens.com) has provided automation equipment and i...Read More

#Cryptocurrency Daily Update - April 19, 2018

Thu Apr 19 21:40:46 2018 / Staff reporter

At press time, Bitcoin (BTC) is holding its head above the US$8,000 line, Bitcoin Cash is up a buoyant 10.6%, with Bitcoin Diamond trading 8.7% higher than yesterday. CLICK BELOW FOR LIVE CRYPTOCURRENCY PRICE INDEXES: Bitcoin wallet holders are hoping the world's number o...Read full newsRead More

Automated #Blockchain Shipping Pilot a Success

Thu Apr 19 21:36:19 2018 / Staff reporter

A global trade finance platform jointly created by a consortium of banks and tech with blockchain has just completed its first live transaction.Batavia's inaugural transaction including the trading of cars from Germany to Spain, as well as textile raw materials for furniture production from Aus...Read full newsRead More

Gold Seeker Closing Report: Gold Edges Lower While Silver Gains

19 April, 2018 / Chris Mullen, Gold Seeker Report

CloseGain/LossGold $1346.00-$2.60Silver$17.25+$0.07XAU85.67+0.55%HUI185.25+0.50%GDM644.15+0.01%JSE Gold1106.68+12.70USD89.87+0.25Euro123.51-0.27Yen93.31-0.05Oil$68.29-$0.1810-Year2.912%+0.035T-Bond143.71875-1.21875Dow24664.89-0.34%Nasdaq7238.06-0.78%S&P2693.13-0.57% The Metals: Gold gained $6 to $1354.60 in Asia before it dropped back to $1341.10 in late morning New York trade and then bou...Read More

Palladium Bullion Surges 17% In 9 Days On Russian Supply Concerns

19 April, 2018 / GoldCore

Palladium bullion has surged a massive 17% in just nine trading days. From $895/oz on Friday April 6th to over $1,052/oz today (April 19th). The price surge is due to palladium being due a bounce after falling in the first quarter and now due to Russian supply concerns.In a volatile month, precious metals and commodities have been the clear winners so far, with palladium having the greatest gain...Read More

Nevada gold mine grows production by 130%

Apr. 19, 2018, 5:44 PM / Valentina Ruiz Leotaud

Frank Giustra-backed Fiore Gold (TSXV: F) announced today that its Pan Mine, located in east-central Nevada, registered a 130 per cent production growth in Q2 2018, compared to the previous quarter.The Carlin-style, open-pit, heap-leach operation generated 8,695 ounces of gold during the second fiscal quarter that ended on March 31, 2018, which allowed the company to sell 8,673 ounces of the yello...Read More

FTSE 100 closes in the black as Shire surges; tobacco stocks drift lower

17:30 19 Apr 2018 / Tom Howard

FTSE 100 closes up 11 pointsUS stocks slide, led by AppleShire rejects ?44bn bid from Takeda; shares surge FTSE 100 closed higher Thursday, with Irish-based drugs group Shire (LON:SHP) the top gainer, but gains were tempered by the general investor malaise.The UK blue-chip benchmark closed over 11 points at 7,328, while FTSE 250 finished up 135 points at 20,147.Brent crude was also high...Read More

Canadian miner sees future in graphite

Apr. 19, 2018, 5:12 PM / Valentina Ruiz Leotaud

Cranbrook-based Eagle Plains Resources (TSX-V: EPL) announced today that it has acquired, by staking, the 711-hectare Slocan Graphite Project, located 32 kilometres northeast of Nelson, British Columbia.According to the company, the property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone. Results from carbon graphite analyses ranged in grade fro...Read More

Summit Therapeutics accelerating preparatory activities for next DMD study

16:27 19 Apr 2018 / Andrew Scott

Summit Therapeutics PLC's (LON:SUMM, NASDAQ:SMMT) Richard Pye tells Proactive Investors 2017 was a 'landmark' year for them however a number of critical milestones lie ahead of them.Top-line results for ezutromid, a potential breakthrough treatment for sufferers of Duchenne Muscular Dystrophy (DMD), a fatal wasting disease that affects boys are expected to be released in Q3.The read-out from the P...Read More

Here's where major #markets, #metals and #miners are at so far this morning:

Thu Apr 19 16:24:12 2018 / Staff reporter

Morning Market Breakdown, April 19: After a Wednesday full of gains for the TSX, it struggled alongside Wall Street to stay in the green on Thursday.Read full newsRead More

Bolivia nearing deal on partner to develop lithium - minister

Apr. 19, 2018, 4:07 PM / Reuters

Bolivia's energy minister said on Thursday the government would pick a partner to develop the country's ample lithium resource "in coming days" after narrowing the field of candidates to two firms from Russia and Germany.The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal, coveted by makers of ba...Read More

'Perfect timing & exceptional assets' set to deliver considerable value for Asiamet investors

16:01 19 Apr 2018 / Andrew Scott

Asiamet Resources Ltd (LON:ARS) CEO Peter Bird caught up with Proactive's Andrew Scott while in London to meet with investors.The company remains on track to complete its bankable feasibility study at the BKM copper project by mid-year and to further develop the BKZ Polymetallic project - with a resource estimate expected in the coming weeks.  Meet Peninsula Mines Ltd and Silver City Minerals...Read More

Group Eleven Resources: Stone Park in Ireland has 'sprung into life'

15:57 19 Apr 2018 / Andrew Scott

Group Eleven's (CVE:ZNG) Bart Jaworski explains Stone Park has 1.3bln pounds of zinc/lead, making it the second largest undeveloped deposit in Ireland.Stone Park though has a 30% higher average grade and is a shallower deposit than the nearby and larger Pallasgreen, the largest deposit in Ireland.The plan now is to grow Stonepark's resources laterally and at depth through drilling and by looking u...Read More

MyCelx ups full-year guidance as new order and equipment sale bring in US$2.7mln

15:50 19 Apr 2018 / Tom Howard

MyCelx Technologies Corporation (LON:MYX) shares rose on Thursday as the clean water technology group announced a new purchase order in Saudi Arabia and the sale of equipment in Australia.The new purchase order is for a three-month extension for the rapid response unit that was placed in February 2018 and was secured in collaboration with one of the company's Saudi waste management partners.As for...Read More

Softcat's people first approach 'proving a winner' - CFO Graham Charlton

15:23 19 Apr 2018 / Andrew Scott

Softcat PLC's  (LON:SCT) CFO Graham Charlton tells Proactive  business is booming for the IT equipment supplier.Unashamedly a middleman, Softcat supplies everything small and large organisations need IT-wise and posted sales growth in 22% in the year just ended.Growth should continue says Charlton as heavy investment in sales and technical staff will pay off in the long term.The next big...Read More

Rose Petroleum assembles top team ahead of Paradox Basin drilling

15:19 19 Apr 2018 / Andrew Scott

Matthew Idiens, Chief executive of Rose Petroleum PLC (LON:ROSE), tells Proactive's Andrew Scott activity continues apace on the ground in Utah's Paradox basin and they're expecting to drill the first well in the project later this year.It comes after Rose increased its footprint in the Paradox basin, and as it continues to earn into a 75% stake in an 80,000 acre area.Idiens says they've assembled...Read More

Restructure sees Feedback Plc positioned for growth

14:55 19 Apr 2018 / Andrew Scott

Alastair Riddell, chairman of Feedback plc (LON:FDBK), tells Proactive's Andrew Scott they've merged two of their subsidiaries as part of plans to restructure and simplify the business.Feedback snapped up Cambridge Computed Imaging and TexRAD back in 2014 and both have been operating as wholly-owned subsidiaries ever since.But after a strategic review, CCI is to be renamed as Feedback Medical and...Read More

BHP graphic showing the #nickel market is in structural deficit from 2016 to 2025 (and likely beyond). Hugely posit...

Thu Apr 19 13:46:40 2018 / Staff reporter

"BHP graphic showing the #nickel market is in structural deficit from 2016 to 2025 (and likely beyond). Hugely positive implications for spot price for the next several years. https://t.co/QItPdvCpf9"Read full newsRead More

Dynacor produces 6,876 oz Au at Veta Dorada in March

2018-04-19 13:41 / Mr. Jean Martineau reports

Mr. Jean Martineau reports DYNACOR PRODUCES 6,876 OZ OF GOLD IN MARCH 2018Dynacor Gold Mines Inc. has released its March, 2018, gold production. In March, 2018, the corporation produced 6,876 ounces of gold at its Veta Dorada plant resulting in its best monthly production since the beginning of this year. For the first quarter of 2018, gold production amounted to 19,072 ounces, slightly over mana...Read More

Fortune Minerals Provides Project Finance Update

Thu Apr 19 13:35:53 2018 / Fortune Minerals

Fortune Minerals Limited (TSX:FT, OTCQX:FTMDF) ('Fortune' or the 'Company') (www.fortuneminerals.com) is pleased to provide an update of the financing for its 100% owned NICO Cobalt-Gold-Bismuth-Copper Project in Canada ('NICO Project').Read full newsRead More

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