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
(Updates with U.S. markets' closing levels)* MSCI global stock index eases* Copper rises amid wage talks at world's largest mine* Oil prices end higherBy Caroline ValetkevitchNEW YORK, June 5 (Reuters) - The Nasdaq hit a record closing high for the second day in a row on Tuesday, helped by tech and consumer discretionary shares, while the euro recovered after Italy's new prime minister said the go...Read More
* U.S. stocks mostly gain, Nasdaq hits a record high* Copper rises amid wage talks at world's largest mine* Oil prices end higherBy Caroline ValetkevitchNEW YORK, June 5 (Reuters) - U.S. stocks mostly edged higher on Tuesday as technology shares extended recent gains while U.S. Treasury yields fell on safe-haven buying after Italy's new prime minister outlined new economic policies that could add...Read More
* Stocks mostly ease, though Nasdaq hits a record high* Copper rises amid wage talks at world's largest mine* Trade discussions a worry for investors (Updates to noon trading in U.S. markets; changes dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, June 5 (Reuters) - Stocks on world indexes edged lower and the Mexican peso and Canadian dollar fell on Tuesday amid concerns over a trade w...Read More
(Corrects paragraph one to say Netflix (NASDAQ:NFLX) to join the S&P 100, not the S&p 500)* MSCI world tech stock index climbs 0.7 pct to new record high* Italian bonds see modest selling ahead of govt confidence vote* Peso slides vs the dollar as tariff spat with U.S. escalates* Copper rises as wage talks rumble on at world's largest mine* Crude oil prices crawl up after 3 sessions of los...Read More
Investing.com - Gold prices traded slightly lower in mid-morning trade on Tuesday as positive economic data sent the dollar to its best level of the day against major rivals.At 10:30AM ET (14:30GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange slipped 70 cents, or 0.05%, to $1,296.60 a troy ounce.Meanwhile, the U.S. dollar index, which measures the gr...Read More
* MSCI world tech stock index climbs 0.7 pct to new record high* Italian bonds see modest selling ahead of govt confidence vote* Peso slides vs the dollar as tariff spat with U.S. escalates* Copper rises as wage talks rumble on at world's largest mine* Crude oil prices crawl up after 3 sessions of lossesBy Marc JonesLONDON, June 5 (Reuters) - World tech stocks hit a record high on Tuesday, spurred...Read More
As a result, the Vancouver-headquartered miner doubled Cozamin's total measured and indicated resources to 217,000t of red metal, compared with the previous resource announced at the end of December.The resource update stokes optimism that the increasing copper resource could support a mine expansion, according to company president and CEO Darren Pylot.The news sent Capstone's TSX-quoted equity (C...Read More
Palmer has been with Bluejay for six years, is also finance director of SigmaRoc and a partner at Heytesbury Corporate, which provides management consulting, company secretarial and corporate services. He previously worked at Apple where he was finance manager.Bluejay CEO Roderick McIllree said he expected the change to be seamless as the company focused its time and resources on the Dundas...Read More
SHANGHAI, Jun 6 (SMM) – A potential disruption in supply from domestic environmental reviews and a declining US dollar buoyed prices of SHFE copper recently, SMM senior analyst Ye Jianhua believed. The SHFE copper 1808 contract jumped over 2% to close at 53,320 yuan/mt on Wednesday June 6. LME copper currently stands at around $7,150/mt, with gains of 5% in the last four cons...Read More
The licence for the 2.5 hectare kimberlite pipe concession was said to be an "important development" for the company, as it was last prospected in 1986 and Botswana Diamonds suspects its kimberlite pipe size, grade and diamond quality may have been underestimated in the past.The licence is adjacent to De Beers' Oaks mine, which had a grade of 53 carats per hundred tonnes, and is also expected to h...Read More
Metal Tiger has a joint venture 170km up the road with MOD Resources and now will have access to almost 2,000sq.km in two licences in Botswana for its cash.Read More
The spot price on the London Metal Exchange rose a further 1.75% yesterday to US$7,095.25 per tonne, its highest point since late February.Broker SP Angel said the Escondida union was presenting its "most ambitious wage proposal" and noted last year's failed talks at the mine, majority owned by BHP, had led to a 44-day strike that pushed copper prices higher. Red metal stocks around the glob...Read More
SHANGHAI, Jun 6 (SMM) – Nonferrous metals rose across the board on Wednesday June 6 with SHFE nickel leading the gains with a rise of nearly 2%. Copper jumped 1.96%, zinc grew almost 1.9%, aluminium and lead rose over 1%, and tin inched up. The ferrous complex also soared as rebar led the gains and closed nearly 2% higher. Iron ore went over 1.8% higher, and hot-rolled coil rose over 1%...Read More