For years now, investors have been captivated by the growth potential of the solar industry.And rightfully so.Solar power has been growing exponentially, accelerated in the past few years by falling costs for panels.No doubt, that trend is going to continue.In the next decade, the global solar market is in line for 138% growth, set to surge from 395 GW at the end of 2017 to 942 GW at the end of 20...Read More
This episode features Rick Howes, president and CEO of gold miner Dundee Precious Metals, in a keynote speech recorded live at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto, in October 2018.Rick delves into the many complex issues revolving around driving innovation at a mining company, especially during the current era of accelerated technolog...Read More
Investors and company leaders are gearing up for the Technology and Low Emission Minerals Conference (TLEM) to be held in Perth next week, with the conference boasting an impressive line-up of emerging and established Australian battery metal companies.TLEM features companies producing from or developing projects focused on lithium, graphite, vanadium, cobalt, manganese, magnesium, rare earths and...Read More
Lucara Diamond Corp achieved earnings before interest, taxes, depreciation and amortisation (Ebitda) of $18.2-million for the third quarter ended September 30, compared with the Ebitda of $49.8-million reported for the quarter ended September 30, 2017.The decrease in Ebitda reflects lower revenues attributable to a smaller volume and lower average price of exceptional stones sold, with the sales f...Read More
Metswedi Mining has received the first renewal for both prospecting licence (PL) 101 (430 km2) andPL58 (2.3c) which make up the Middlepitsproject, in Botswana, Canadian diversified junior mining company Tango Mining announced last month. The property is 470 km south-west of Gaborone and 90 km south-west of Tshabong, in the country’s Kgalagadi district.Advertisement TSX-V-listed Tango is set...Read More
MOSCOW – Russian diamond miner Alrosa said on Friday that its sales of rough and polished diamonds totalled $242.8-million in October, a year-on-year decrease of 28%.Alrosa said in a statement that its total diamond sales from January to October rose 6% year-on-year to $3.9-billion.AdvertisementTo watch Creamer Media's latest video reports, click here AdvertisementRead More
* U.S. crude output tripled since 2008: https://tmsnrt.rs/2D82k38* China can still import some Iranian crude* U.S. output to top 12 mln bpd by mid-2019 -EIA(Updates with settlement prices, post-settlement trading)By Jessica Resnick-AultNEW YORK, Nov 8 (Reuters) - Oil prices fell nearly 2 percent on Thursday as investors focused on swelling global crude supply, which is increasing more quickly than...Read More
* S&P extends losses, Dow goes negative after Fed decision* Energy index tumbles as U.S. crude oil enters bear market* Bank stocks end higher as yields rise* Dow up 0.04 pct, S&P falls 0.25 pct, Nasdaq down 0.53 pct(Updates to close, adds commentary)By Sin?(C)ad CarewNEW YORK, Nov 8 (Reuters) - The S&P 500 and Nasdaq closed slightly lower on Thursday after a Federal Reserve statement,...Read More
(Recasts with Fed announcement, adds comment, updates prices)* Gold edges down for a fifth straight session* Fed holds interest rates steady* Platinum near more than 4-month highsBy Sethuraman N R and Karthika Suresh NamboothiriNov 8 (Reuters) - Gold eased to a one-week low on Thursday on a stronger dollar, after the Federal Reserve held interest rates steady and was seen on track for further rate...Read More
Investing.com - Gold prices erased gains seen a day earlier when news that the Democrats had taken control of the House of Representatives, effectively creating a political gridlock in Congress, had dampened demand for the dollar and benefited the precious metal. As gold pulled back to Tuesday’s closing price, investors focused their attention on the upcoming monetary policy decision from th...Read More
Nov 8 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of November 6, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- Accurate Products Corporation Pvt Ltd BGCRISIL A3+7Reaffirmed Active Tools Pvt LtdPacking CreditCRISIL A4+80R...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe company expects the reduced organisational structure will save about US$5 million per annum in corporate general and administrative expenses.The company, which operates the Pinto Valley copper mine in Arizona and the Cozamin mine in Mexico, said the move would also empower mine general managers and their teams to run operations as in...Read More
Base metals on the London Metal Exchange were mostly higher at the close of trading on Thursday November 8, with both zinc and lead futures pushing higher on low LME inventories, while nickel failed to follow the uptrend.Climbing 3.9% over the afternoon, the three-month lead price reached an intraday high of $2,008.50 per tonne, which is 5% higher than its weekly low of $1,905 per tonne on Novembe...Read More
Hydro's Alunorte alumina refinery will continue to run at 50% capacity following a federal court ruling, Fastmarkets understands. The federal court has decided to uphold the decision, previously made by the Para state court, to halt operations of the refinery's DRS2 bauxite residue disposal for environmental reasons. Alunorte has been running at 50% capacity since March following the original deci...Read More
The London Metal Exchange's total average daily volumes (ADV) rose by 15% year on year in October, with aluminium and aluminium alloy sales growing by 40% and 89% respectively. In September, total ADV declined by 3.4% annually. Aluminium ADV showed 40.6% growth with 264,293 lots traded and net stocks reaching 59,525 tonnes. The three-month aluminium price on the LME peaked at $2,267 per tonne on O...Read More
The European molybdenum markets have dropped this week amid quiet business while dealers prepared for more active trading at the Fastmarkets MB ferro-alloys conference in Lisbon, Portugal this weekend, sources said.Fastmarkets MB assessed the price of European drummed molybdic oxide, in-warehouse Rotterdam, at $11.80-12.00 per lb on Wednesday November 7, down from $12.00-12.15 per lb on Friday las...Read More
Hydro's Alunorte alumina refinery will continue to run at 50% capacity following a federal court ruling, Fastmarkets understands. The federal court has decided to uphold the decision, previously made by the Para state court, to halt operations of the refinery's DRS2 bauxite residue disposal for environmental reasons. Alunorte has been running at 50% capacity since March following the original deci...Read More
Cobalt demand from the consumer electronics industry will continue to grow, with no shift away from lithium-cobalt-oxide (LCO) batteries on the cards, according to battery manufacturer ATL's procurement director, Xu Shihui. "The price of cobalt has been fluctuating and there have been questions about whether cobalt can be substituted by nickel, but for consumer electronics the direction is LCO bat...Read More
First Cobalt Corp has started testing cobalt hydroxide material as feedstock for its refinery in Ontario, Canada, with the goal of producing cobalt sulfate or metallic cobalt products for sale into the North American market. The company has retained inspection and certification firm SGS Canada to test the suitability of different cobalt feed material using the refinery's current flowsheet and is a...Read More
The European molybdenum markets have dropped this week amid quiet business while dealers prepared for more active trading at the Fastmarkets MB ferro-alloys conference in Lisbon, Portugal this weekend, sources said.Fastmarkets MB assessed the price of European drummed molybdic oxide, in-warehouse Rotterdam, at $11.80-12.00 per lb on Wednesday November 7, down from $12.00-12.15 per lb on Friday las...Read More