* Hawkish ECB comments lift euro, bond yields* Consumer groups dip, banks rise* Copper prices push commodity stocks up(Adds closing prices)By Kit Rees and Julien PonthusLONDON, June 6 (Reuters) - European stocks closed flat on Wednesday at the end of a choppy session during which hawkish comments by the European Central Bank lifted the euro and bond yields.The pan-European STOXX 600 .STOXX index e...Read More
* FTSE 100 up 0.3 percent* Miners among biggest gainers* Smurfit leads gainers as US rival drops bid* RPC looking to sell assets, stock tumblesBy Danilo MasoniMILAN, June 6 (Reuters) - Gains among mining stocks on the back of stronger metal prices and a surge in packager Smurfit Kappa SKG.L propped up British shares on Wednesday, helping them outperform a sluggish European equity market.The commod...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, June 6 (Reuters) - European stocks edged higher on Wednesday, underpinned by gains in tech and commodity-related stocks, although trading was cautious amid worries over Italian debt and global trade.The pan-European STOXX 600 .STOXX index was up 0.1 percent by 0720 GMT, while Germany's DAX .GDAXI advanced 0.2 percent a...Read More
SHANGHAI, Jun 7 (SMM) – Nonferrous metals, except for SHFE zinc, rose across the board on Thursday June 7. Copper led the gains and jumped nearly 2.2%, aluminium rose nearly 2%, and lead, tin, and nickel inched up. The ferrous complex also soared except for iron ore. Coke gained over 2%, coking coal grew over 1%, rebar rose nearly 1.5%, and hot-rolled coil inched up close to 1%.Copper:...Read More
SHANGHAI, Jun 7 (SMM) – Copper smelters in Yunnan province maintained normal operation as of Thursday June 7 after inspection teams from the central government settled in the province on Tuesday June 5, SMM surveyed. This suggested that previous rectifications in Yunnan were effective. Copper mines in the area were also little affected as most small and medium-sized mines...Read More
As part of the prefeasibility study currently underway, the company has confirmed it will use sulphuric acid leaching to extract lithium and boron from crushed rock into a pregnant leach solution.Read More
The Sukhoi Log scoping study has arrived just over a year after Polyus took over majority control of the project.Read More
SHANGHAI, Jun 7 (SMM) – Some 15,000 mt of blister copper output will be affected in Jiangxi province as inspection teams from the central government settled in the province on Friday June 1, SMM estimates. The inspection, scheduled for a month, will review the province's previous rectifications. Blister copper production capacity across smelters in Jiangxi t...Read More
An ambitious 20,500m drilling campaign spread over 28 holes will test high-priority regional targets outside of the immediate Gryphon resource area will get underway this week. The campaign would also follow up on high-grade mineralisation and test geophysical anomalies on geologically favourable trends, the company said on Wednesday.Read More
SHANGHAI, Jun 7 (SMM) –Copper: Copper prices extended their gains overnight. LME copper managed to stand above the $7,200/mt level and hit the highest level in three and a half months. The SHFE 1808 contract broke the 54,000 yuan/mt level with positive technical indicators. As the US dollar weakened and without further development in the Chile Escondida labour negotiation, copper prices...Read More
The company said this morning that it had paid A4c (US3c) per share for a 15% stake in Atlas.Read More
According to a term sheet, Hexagon is aiming to place around 32 million shares at A19c per share to raise at least $6 million, but the company will consider placing an additional $1 million depending on interest.Cornerstone support has already been secured.The issue price for the placement is 19c per share, an 8% discount to the 10-day volume-weighted average price of Hexagon shares.Foster Stockbr...Read More
As part of the deal, Newfoundland-based technology start-up Acoustic Zoom will deploy a $150,000 pilot programme this summer at Goldcorp's Red Lake gold mines, in Ontario.Acoustic's innovative seismic technology impressed judges during a March gala event held on the fringes of the 2018 Prospectors & Developers Association of Canada's yearly convention, in Toronto, garnering the top prize.The f...Read More
Rio or RTZ as it has been there since 1995, having beaten what was its Australian-listed subsidiary CRA to the punch when Freeport went looking for funds to finance the development of Grasberg (grass mountain) after having first tamed the wild region with the development of the nearby Ertsberg (ore mountain) mine.Read More
He was one of the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" which will be published later this month.Kerr, 47, said technology could create new employment opportunities and that presented new challenges."We need to think about talent management in the digital age, as the nature of work is set to change dramatically," he to...Read More
Lithium, copper and nickel companies raised big money during the first quarter in 2018.Investors poured US$325M into lithium companies. Most of the money went to Orocobre. Toyota bought 15% of the Australian-based lithium company.As usual gold was on top. Half the US$832M closed went to Lundin Gold to advance its Fruta del Norte gold project in Ecuador.Cobalt was way down the list at just $23M, ho...Read More
Shares in Solgold plc (LON, TSX:SOLG) jumped at the open after the company released the latest set of drill results from its massive Cascabel copper-gold project in northern Ecuador. In Toronto on Wednesday, Solgold shares added as much as 8.5% from yesterday's close in higher than usual volume for a market capitalization of $714m before paring some of those gains.The latest in a string of resul...Read More
San Diego, CA - DeepGreen Metal's (DeepGreen) research vessel, the Maersk Launcher, has returned to port in San Diego today, Monday, June 4th, after nearly two months at sea. This is the third of seven campaigns to pursue the evaluation of deep ocean metals, which will be indispensable for powering a low-carbon and high-tech economy - battery storage systems, electric vehicles, smart phones, wi...Read More
SHANGHAI, Jun 6 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite upbeat economic data, the US dollar weakened and fell below 94 overnight to close at 93.86. The euro rose following a report that the European Central Bank would discuss an exit from its quantitative easing program next week, which eased worries over the It...Read More