The world's second largest miner, Rio Tinto, (ASX, LON:RIO) is said to be preparing an offer for a minority stake in Teck Resources' (TSX:TECK.A | TECK.B)(NYSE:TCK) Quebrada Blanca copper mine in northern Chile.Canada's largest diversified miner, which in August received regulatory approval for a $4.8 billion extension of the mine, has been looking for a development partner that could invest $...Read More
LONDON - Disruptions to cobalt supplies in the Democratic Republic of Congo are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year.Glencore last week said its subsidiary Katanga Mining had halted cobalt exports from the Kamoto Project in DRC while it builds a facility to r...Read More
Vancouver-based Xiana Mining (TSXV: XIA), formerly Dorato Resources, paid $25 million and a 1.5% net smelter royalty to acquire Glencore's (LON:GLEN) Minera Altos De Punitaqui in Chile.Minera Altos De Punitaqui (MAP) is a copper-gold producing company that currently holds three operating mines, additional exploration licenses, a concentrator, and associated infrastructure. All these elements are c...Read More
Shares in Canadian miner Ivanhoe Mines (TSX:IVN) climbed Wednesday as it announced that exploration drilling at its Kamoa North prospect area, which forms part of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC), had defined two new, continuous corridors of shallow and high-grade copper mineralization.The newly delineated copper corridors occur on the western flank of the...Read More
* Hedge fund selling, demand worries drive 7 pct drop* Trump says OPEC should not cut production* OPEC cuts demand outlook for fourth straight month* U.S. futures post largest pct decline since Sept 2015* Crude prices slump: https://tmsnrt.rs/2PWBkdL (Updates to settlement; adds additional details, quotes; updates bullet points)By David GaffenNEW YORK, Nov 13 (Reuters) - Oil's slide accelerated on...Read More
Nov 13 (Reuters) - Chief Executive Officer and co-founder of Walmart-owned Indian e-commerce firm Flipkart Group, Binny Bansal, has resigned effective immediately, Walmart (NYSE:WMT) Inc WMT.N said in a regulatory filing on Tuesday."His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct," Walmart said in a statemen...Read More
(Changes sourcing, adds context)By Aditi Shah and Euan RochaNEW DELHI/MUMBAI, Nov 13 (Reuters) - Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways JET.NS , four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier.Tata is very interested in Jet but it is not at a stage of conducting due diligence or...Read More
Nov 14 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
Nov 13 (Reuters) -For other diaries, please see:Political and General NewsPOL/DIARYTop Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ------------------------------------------------...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe scale of the Frisco project is demonstrated by the two systems that "book end" it - the large copper-zinc-lead-gold-silver bearing skarn at Accrington which measures up to 4km-by-2km, and the cluster of copper-gold-silver breccia pipes at Cactus over 5km to the north.With exploration continuing to demonstrate strong mineralisation at...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalThe headline intercept was 500.3m at 2.19g/t gold-equivalent, or 0.8g/t gold, 0.66% copper and 2.24g/t...Read More
Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalThe Toronto-based company said its improved performance was owing to a trebling of gold production from its 100%-owned Beta Hunt mine, in Western Australia, to 31,360 ounces, helping push sales for the quarter up 175% 23,805oz.But RNC said it had generated more than $10 million EBITDA in the third quarter, an...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe LME spot price has tumbled from US$7,330.50 a tonne on June 7 to less than $5,800/t in mid-August, recovering to last trade at $6,088.50/t.Tariffs and the need for copper mine investment are among the challenges facing the copper industry, Reuters reported, with two China-based traders saying they had seen strong physical buying of c...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalNew Energy brings experience to new dawnSPONSOREDnew energy mineralsBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesA trough, by the way, could be nothing like the chasm into which we were dropped...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalNew Energy brings experience to new dawnSPONSOREDnew energy mineralsBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesLife, as far as I have ever been able to deduce, is much like that old quote abo...Read More
Tasca Resources (TAC-V) today announced it has acquired the Selish Mountain property, a 290-hectare block 15 kilometres southwest of Merritt, B.C., and 10 kilometres to the north of Westhaven Ventures Inc.'s Shovelnose gold property, where recent drilling has returned intersections of 8.95 grams per tonne gold over 46.2 metres and 24.5 g/t gold over 17.77 metres. Historic exploration on the Selish...Read More
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Talon Metals (TSX: TLO; US-OTC: TLOFF) has announced a preliminary economic assessment for the Tamarack zone at its Tamarack North nickel-copper-cobalt project in Minnesota.The study assigns the project a $210 million after tax net present value at a 7% discount rate and a 38.8% after-tax internal rate of return with payback in 2.1 years.The project would require $174.31 million in initial capital...Read More
With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in th...Read More
* Saudi Arabia says sees need for 1 mln bpd cut in output* Trump hopes OPEC won't cut output, says prices should be lower* OPEC producers mull supply reductions for 2019* OPEC reacts to 20 pct price fall since early October* U.S. oil output, storage & drilling: https://tmsnrt.rs/2DhQOCB (Updates with settlement prices, recasts first paragraph, adds post-settlement trading)By Jessica Resnick-Au...Read More