Alt Resources Ltd has received a further 900m of assay results from RC drilling at the Emu Deposit, Bottle Creek, WA. Gold assays have been received from drillholes EMRC021 to EMRC033 with results up to 53.0 and 50.4 g/t Au[1]. These zones of high gold grades occur within and alongside broad, consistently graded zones such as 27m @ 5.6 g/t Au[2]. These broad zones are a positive featur...Read More
‘Loans for shares' meant stakes in government assets, lsuch as the Norilsk nickel mine, were handed over for loans to keep the country running.Potanin paid US$170 million for 38% of what is now Nornickel. Potanin said the public perception of the scheme he designed was wrong in an interview with the Financial Times this week."Everybody knows I won control of 38% of Norilsk in loans for...Read More
The major miner said in a statement on Friday it had reviewed its links to Rusal, principally through its 20% holding of the Queensland Alumina refinery, and would have to break some supply contracts. "As a result of the imposition of these sanctions, Rio Tinto is in the process of declaring force majeure on certain contracts and is working with its customers to minimise any disruption i...Read More
Image: GlencoreZinc hit a four month low of $3,135 a tonne on Thursday, down more than 12% from its decade high achieved mid-February.Rising fears about trade protectionism have taken the shine off most base metals but zinc's bearish outlook has more to do with new supply; and lots of it.The metal, mainly used to galvanize steel, has more than doubled since hitting multi-year lows in January 2016...Read More
NAIROBI, April 12 (Thomson Reuters Foundation) - Kenya's oil, gas and mineral deposits are being increasingly exploited, but a failure to implement laws and ensure local communities know their rights has meant the most marginalised are not benefiting, lawyers and academics said on Thursday.The East African nation has proven deposits of titanium, gold and coal and also holds significant copper, nio...Read More
Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world's leading diversified natural resources groups, looks at the industry's performance in 2018 so far and sets out what we can expect for the rest of the yearThe past couple of months have featured a broad retracement of the metals complex, away from the recent highs. Markets were taken aback by rising uncertainties, includi...Read More
Increasing disposable income in emerging economies, as well as the adoption of greener technologies, rather than a touted electric cars boom, will drive most of the expected increased demand in copper during the next five years, CRU analyst Robert Edwards said."Electric vehicles (EVs) are a great long-term story, but demand is only expected to be around 1.5% of world refined copper consumption thi...Read More
Among the highlights, it intersected 126.5m at 1.18g/t gold, plus 132.6m at 0.63g/t gold including 16.8m at 1.58g/t."These results … outperform what was predicted in the resource block model by extending gold mineralisation below the current resource model and to the west of the Ridgeline fault," the company said.It has an US$25.8 million exploration and development programme underway...Read More
(Bloomberg) -- Aluminum approached a six-year high after top exchanges said they’ll stop accepting metal from United Co. Rusal, increasing concerns about how the market will replace supplies from the Russian smelting giant hobbled by U.S. sanctions.The metal advanced as much as 3.5 percent on Wednesday to $2,277.50 a metric ton on the London Metal Exchange. That was just $13 away from the pe...Read More
Investing.com - Gold was higher on Wednesday, as the possibility of a U.S. military strike in Syria drove investors to the risk adverse precious metal.U.S. President Donald Trump canceled a trip to Latin America on Tuesday to focus on a response to a suspected chemical weapons attack in Syria, the White House said. Trump said he will respond to the attacks this week, once it was established who wa...Read More
(Bloomberg) -- Aluminum headed for the highest close since January, extending its hottest three-day streak since 2009, after top exchanges said they’ll stop accepting metal from United Co. Rusal (HK:0486), deepening supply fears after the U.S. slapped sanctions on the Russian group.The metal advanced 1.4 percent to $2,231 a metric ton on the London Metal Exchange by 2:56 p.m. in Shanghai. Th...Read More
(Adds comments from Vedanta, background, shares)April 11 (Reuters) - Vedanta Resources Plc VED.L said on Wednesday its plans for capacity expansion at the Thootukudi copper smelting plant in southern India were on track, a day after its application to renew operations was rejected by the state pollution regulator.Billionaire Anil Agarwal-controlled Vedanta said on Tuesday its application for ren...Read More
Investing.com - Gold prices pushed higher on Wednesday as a combination of concerns over ongoing trade tensions between the U.S. and China and the prospect of a U.S. military strike in Syria bolstered safe haven demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $1.7 or 0.13% to $1,347.60 a troy ounce by 04:21 AM ET (08:21...Read More
Speaking at the World Copper Conference in Santiago, Chile, the executive said the company planned to begin construction of a new concentrator plant at the Mantoverde mine early next year once it had raised finance.Read More
April 11 (Reuters) - Vedanta Resources Plc VED.L said on Wednesday its plans for capacity expansion at the Thootukudi copper smelting plant in southern India were on track, a day after its application to renew operations was rejected by the state pollution regulator.Vedanta said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in the...Read More
Jadish Laddhra, CEO of Birla Copper, said accessing clean concentrates was one of the main challenges facing India's copper smelting industry.Read More
Previous CFO Nigel Robinson was promoted to CEO, while business development director Gavin Ferrar was moved into the CFO position, with both changes effective April 16.Robinson joined CAML in November 2007 as group financial controller and has been CFO since April 2009. He previously worked for six years as management for British Airways and prior to this he worked at KPMG.He was also formerly a r...Read More
SHANGHAI, Apr 12 (SMM) – Nonferrous metals futures were weaker for the most part except for SHFE nickel. Zinc plunged nearly 3.6%, copper lost over 1%, tin fell almost 1%, while aluminium and lead slipped.The ferrous complex also closed lower, except for hot-rolled coil. Coking coal slid nearly 4%, coke dropped 3%, iron ore fell nearly 1%, and rebar edged down.Copper: SHFE copper was dragged...Read More
Resources now total 209,265t of contained lithium oxide - 20.46 million tonnes grading 1.02% lithium oxide - with 86% of the new estimate in the measured and indicated categories.Read More