* Global stocks at 3 1/2 week high* Euro, Bund yields jump as ECB wind-down priced in* Copper hits 2018 high* Volatility falls further* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Helen ReidLONDON, May 21 (Reuters) - World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-than-expected wind-down of sti...Read More
Early summer is the weakest time of the year seasonally for gold, silver, and their miners' stocks. With traders' attention diverted to vacations and summer fun, their precious-metals interest and investment demand wane considerably. Thus this entire sector, and often the markets in general, suffer a seasonal lull this time of year. But these summer doldrums offer the best seasonal buying oppo...Read More
SHANGHAI, Jun 8 (SMM) – Nonferrous metals dipped across the board on Friday June 8 with SHFE nickel leading the loss and closing nearly 2.4% lower. Tin dropped 1.2%, lead fell 0.72%, and copper, zinc, and aluminium inched down. The ferrous complex saw mixed trading. Coke rose 0.73%, coking coal gained 0.28%, while iron ore slumped nearly 1.2%. Rebar and hot-rolled coil dipped. Copp...Read More
Clayton North was pegged by Jindalee geologists and covers 2.3sq.km, with outcropping claystone horizons containing lithium values said to have been augured by the junior.Read More
The Toronto-headquartered company said it would, together with joint venture partner EHR Resources, start immediately on a 4,000m drilling programme to further test the Rufina and San Markito targets.Recent drilling has returned a number of "encouraging" gold intersections, Eloro reported, with highlights being 3.46 grams per tonne gold over 7.4m, which included 7.31gpt over 3.4m and 2.73gpt over...Read More
The Vancouver-headquartered company intends to undertake a three-phase campaign to outline sufficient resources to form the basis of a feasibility study to examine the potential restart of the brownfields project.Read More
SHANGHAI, Jun 8 (SMM) – Over 100 housing projects are likely to be up for sale across Shenzhen in 2018, Shenzhen Economic Daily reported from the Shenzhen Planning Land and Resources Commission on Friday June 8.This translated to over 50,000 new homes, up 50% from a year ago.In May, the Shenzhen government approved 481,500 square metres of residential housing areas for pre-sale, up...Read More
The 882-hectare land package is situated over an inferred trend next to the historic Big Mike copper mine, first discovered in the 1930s.In the late 1960s, Cerro Corp further explored the property, uncovering a 91m high-grade massive sulphide lens underlying a shallow lower-grade oxidised portion of the deposit.In 1970, Ranchers Exploration and Development Company developed a portion of the high-g...Read More
The funds will be used to develop Koksay, including a feasibility study to determine the detailed mining and processing operations design and the associated capital budget.Once the FS is completed, KAZ's board will decide how and when to proceed with the project.Koksay is a potential openpit development with an estimated mineral resource of 736 million tonnes at an average grade of 0.42% copper, a...Read More
SHANGHAI, Jun 8 (SMM) – This is a roundup of China's base metals output in May. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's output of refined copperin May grew 1.3% on the month, 19.6% on the year, and came in at 747,300 mt, an SMM survey showed. Output in the first five months of the year gained 13.4% and stood at 3.60 million mt....Read More
SHANGHAI, Jun 8 (SMM) –Copper: Copper prices slowed their upward trends overnight. LME copper came off from highs and hit the highest in four and a half years. The SHFE 1808 contract also lost some previous gains as some longs took profit and left. We remain bullish on copper prices in the short term. LME copper is likely to trade at $7,250-7,300/mt today; the SHFE 1808 contract is likely to...Read More
The 1,000 tonnes per day production line has completed ramp-up, testing, tuning, and the mill was operating adequately, the company said.Mill Circuit 4's ball mill first turned over on February 26, with only minor adjustments needed. Subsequently, commissioning of the complete circuit resumed on May 19, with the introduction of mill feed, followed by testing of the classification, flotation, thick...Read More
CABS Platform has sent a list of five people to Petropavlovsk who each own 20% of the Cyprus-registered firm. Read More
Bannerman, which started the current quarter with A$1.3 million cash, will use the funds for further optimisation studies on the Etango project in Namibia.While the project has been the subject of multiple studies this decade, the low uranium price has precluded development of the previously modelled US$793 million, 7.2 million pounds per annum operation.However, there is some optimism that the ma...Read More
However, he noted in his budget speech Thursday that, while this should be addressed for the DMR to be a catalyst for growth and development in South Africa, he was mindful of its financial constraints and would "strive to deliver with the limited resources at our disposal".Read More
Right-wing senator Ivan Duque emerged as the clear victor of the first round of voting in Colombia's presidential elections on May 27, attracting 39% of the 19 million votes cast. That compares to just 25% garnered by the left-winger, Gustavo Petro.Read More
The consideration for Talisman's Monty stake is on a cash-free and debt-free basis, with the US$11.5 million drawn down by Talisman under a debt facility with Taurus Mining Finance Fund to be repaid before the completion of the transaction.Read More
Thomas told Mining Journal a busy period in the first half of 2018 had been spent building up the management team in Vancouver - where there had been a few executive changes - and developing a strategy around Clara, the company's secure, digital, rough diamond sales platform acquired in February.Read More
Mining Journal: What's going on with the cobalt price? Read More