Source: Streetwise Reports 05/08/2018Conditions may be in place for increased demand and increased prices for a number of commodities. In this interview with Streetwise Reports, Frank Holmes, CEO of U.S. Global Investors, discusses the commodity supercycle and the factors behind it, why some commodities may get more of a boost than others, and ways investors can profit.The Gold Report: Frank,...Read More
Strongbow Exploration (TSX-V: SBW), a Canadian firm trying to reopen one of England's most iconic tin mines, announced Monday it planned to list in London's AIM exchange for growing companies next month.The Vancouver-based junior expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which it will use to study the feasibility of resuming production at...Read More
Investing.com - With gold prices continuing to mirror moves in the dollar metals traders will be turning their attention to Tuesday’s U.S. retail sales report to try to form a clearer picture of the health of the economy and the outlook for interest rates.Alongside the retail data, markets will also be watching reports on the housing sector, manufacturing and industrial production. U.S. - Ch...Read More
Bosma has more than 24 years' experience in the mining industry, including 14 years at De Beers. He has worked at Firestone since 2014 , moving up from mineral resources manager to general manager of the Liqhobong mine in 2016.Prior to joining Firestone, he was general manager of a joint venture between De Beers and AngloGold Ashanti and previously worked as vice president of Pala Investments.Fire...Read More
SHANGHAI, May 14 (SMM) – Most nonferrous metals rose and closed higher on Monday May 14. SHFE nickel surged 2.4%, lead gained 1.3% and tin and copper inched up. SHFE aluminium and zinc edged down.The ferrous complex rose across the board with coke leading the gains with an increase of 2.3%. Iron ore jumped 2.2%, coking coal rose 0.7% with rebar and hot-rolled coil inched up.Copper: As longs...Read More
The company said its new management team that joined six months ago had turned Ascot's focus to the higher-grade, underground potential which was likely to mean a quicker restart, using the property's existing infrastructure.Read More
"Exploration will begin with a deep-imaging VTEM airborne geophysical survey, which has been employed to great effect by Garibaldi Resources," Eskay said.Shares in the Eric Sprott-backed Garibaldi shot up last year on possible Voisey's Bay parallels at its E&L nickel project and the company last week closed an upsized C$13 million (US$10.2 million) financing for exploration at its Golden Trian...Read More
SHANGHAI, May 14 (SMM) –Copper: Copper prices saw steady gains last Friday night on a weakened US dollar. LME copper stood above all moving averages with strong support, and it is expected to trade at $6,900-6,960/mt today. The SHFE 1807 copper contract stood above the 20-day moving average with pressure from the 60-day moving average. We see it trading at 51,400-51,800 yuan/mt during the da...Read More
Lonmin CEO Ben Magara said the PGM operating environment remained challenging, with the company continued to be "hamstrung" by macroeconomic challenges, its capital structure and liquidity constraints, although it did have quality mining and processing assets.Read More
SHANGHAI, May 14 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index fell after rising to a four-month high last week, gaining 0.01% week on week to stand at 92.84 last Friday due to a moderate US consumer price index (CPI).Base metals mostly strengthened last Friday as a result. Both LME and SHFE copper went up sligh...Read More
The funds raised through the listing of its common shares on AIM will help with the development of South Crofty, for which it needs to raise £25 million (US$34 million) over the next 18 months to progress towards a production decision.Read More
The Government of Zimbabwe increased the ECI to 10% from 2.5% of revenue with effect from February 1, which helped boost Caledonia's net profit attributable to shareholders by 34.9% year-on-year to US$3.1 million.Read More
Johnson Matthey said its latest PGM market report that 2017's surplus had been caused by a combination of lower total demand, flat mine supply, improved recycling volumes and higher sales from South African producers, offset by lower shipments from Russia and Zimbabwe.Read More
It said cobalt prices had reached "dizzying heights" this year amid a tight market and supply concerns and said it believed demand from most major end-users, particularly the battery sector, was set to increase."Roskill's base-case forecast suggests that demand from the battery sector alone could reach 240,000t by 2027 (more than double the size of the whole market today)," it said.Roskill, which...Read More
The Kabanga licence had been due to expire in 2019 and was one of 11 retention licences cancelled by the Mining Commission as part of the enforcement of the country's new mining regime, Reuters reported on the weekend.Tanzanian president John Magufuli had appointed commissioners to the new body last month.Commission chairman Professor Idris Kikula said former retention licence holders should reapp...Read More
Delivering the opening keynote address at the new conference, attended by more than 400 delegates, McIntosh said Rio Tinto and its peers were heading into a very different future for the industry than the one envisaged a decade ago."If you'd asked me 10 years ago if I ever thought we'd be hosting a Hackathon, I'd have just said, ‘what on earth is that?'. And perhaps, ‘we're here to do...Read More
It said Monday it had received formal letters of no objection from the ministries for the mining licence applications for the Mahab 4 and Maqail South deposits, part of Al Fauriz Mining's Block 5.The company is now clear to complete the licensing process through discussions with the Public Authority of Mining.The company said in March, when it was waiting for the final ministerial approval, that i...Read More
As the mining expo Latin America Down Under takes place in Perth, Argentina's Deputy Secretary for Sustainable Mining, Juan Biset, is visiting Australia with the idea of strengthening bilateral relationships and attracting new investments for his country's mining sector, as well as for the renewable and nuclear energy sectors.According to state-owned news agency T?(C)lam, Biset is scheduled to mee...Read More
Nuria Men?(C)ndez, managing director of Orovalle, Orvana Minerals' subsidiary in Spain, told local newspaper La Nueva Espa??a that the company has plans to reopen the Carl?(C)s gold mine, located in the Salas municipality of the Principality of Asturias, northern Spain.According to the newspaper, Men?(C)ndez explained that the mine was put under care and maintenance last year but following some ex...Read More