African-focused gold and copper mining company, Cradle Arc (formerly Alecto Minerals), began trading shares on AIM this morning under the ticker CRA.L. As part of the admission process, the gold and copper mining company raised, in aggregate, ?5.65 million before expenses, comprising ?3.25 million
The money raised will support the ramp-up of production at the Mowana copper mine in Botswana, an established and relatively low risk mining jurisdiction. Cradle Arc owns a 60% stake in the project. According to Cradle Arc, Mowana mine has strong value fundamentals, with a current base case NPV of
The search was surveyed by helicopters equipped with specialized equipment used to measure the magnetic signatures and radioactivity of the bedrock in the region. "Search Phase III highlights new potential deposits containing metals like copper in a region that has been home to several mines in the
According to S&P Global today six of the top 10 cobalt mines are in the DRC. Due primarily to Chinese investment by 2022 the central African nation will host the nine largest cobalt producers. Primary cobalt mines are scarce - more than 90% of global production is as a byproduct of copper and nickel
The miner said it expected its 2018 costs to be higher, around $1 billion, including expenditure on the Los Pelambres expansion project, which will add 55,000 tonnes of copper a year once in full operation. It also expects costs to rise on concentration of mine equipment replacement and tailings dam
Brassy Arizona pioneers showed their true mettle when they forged the territory's copper mining industry in the late 19th century. From avaricious pipedreams rose the famous Copper Queen claim in Bisbee, the vertigo inducing cliff-side operations of Jerome, and the vast pits of Morenci, the third largest
Royal Road Minerals has gold and copper assets in Colombia and Nicaragua. Depending on market conditions and other factors, including Royal Road's business and financial condition, Barrick said it might, subject to the investor rights agreement "acquire additional ordinary shares or other securities of
The sell-off also hit mining stocks, which were among the worst performers in the FTSE 100. Anglo American dropped 3.9 per cent to 1,723p, while Glencore slipped 2.9 per cent to 390.75p and Antofagasta lost 2.8 per cent to 967p. "The news that triggered the copper selloff has been a 36,000 tonne surge
MONGOLIA - Vancouver-based Turquoise Hill Resources says it had reached a milestone at the Oyu Tolgoi copper-gold mine as the second shaft has reached its planned depth of
Located about three kilometers northwest of Constancia, the Caballito property is a 297 acre concession block, on which the Katanga mine once sat. According to the release, Katanga produced copper oxide intermittently from the early 1900s to the early 1990s. The Maria Reyna property is located within
Aurubis AG, Europe's biggest copper smelter, said on Monday it had agreed to take 100 per cent control of German copper wire and rod maker Deutsche Giessdraht by acquiring the 40 per cent stake held by Chile's Codelco. Aurubis had held 60 per cent of Deutsche Giessdraht and Codelco held the
22, 2018 (GLOBE NEWSWIRE) -- Western Copper and Gold Corporation ("Western" or the "Company") (TSX:WRN) (NYSE American:WRN) announces that it plans to
"The ongoing, multi-faceted exploration continues to point toward the presence of a large copper-gold porphyry system at Madison," said Duane Parnham, President and CEO of Broadway. "The pervasive porphyry alteration and the presence of polymetallic veinlets and stockwork systems suggest we have
Mining giant Rio Tinto (LON:RIO) is setting up a new office in Mongolia, independent from its massive Oyu Tolgoi copper and gold mine, which will focus on exploration and local links. The opening of the new unit, based in capital city Ulaanbaatar, shows Rio's vote of confidence in a nation that has recently
Work has also commenced on converting the portion of Exploration Licence E47/1797 covering the deposits to Mining Leases.
"Drilling at Monwezi 2 has validated a significant historical intercept and identified a mineralised Mines Series Fragment with copper and cobalt mineralisation now recorded over strike length of at least 300m. This is an immediate target for resource drilling this year with the potential to significantly extend
About 50 years ago, copper mine developers leased government land next to Minnesota's "crown jewel of wilderness" but never started mining. A few years ago, when these Minnesota copper and nickel deposits caught the attention of Antofagasta PLC, a Chilean mining company, the company tried to
After having invested $1.2 billion to develop the Kamoa-Kakula project in the Democratic Republic of Congo, it is no surprise that Ivanhoe Mines' executive chairman, Robert Friedland, is bullish on copper. The engine that drives his confidence comes in the form of electric vehicles which, according to
China Nonferrous Mining Corporation Luanshya Copper Mine says US$ 13 million will be pumped into the reopening of Baluba mine. CNMC Luanshya Copper Mine Deputy Chief Executive Officer, Wang Jingjun said the firm was looking forward to reopen Baluba mine this year after the increase in copper
One of the UK's largest banks has forecast stormy weather and rough seas for copper in 2018, a year during which an "unprecedented" volume of supply will be