May 28 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of May 25, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- Anand ElectricalsBGCRISIL A410 Issuer Not Cooperating; Rating Migrated Anand ElectricalsLOCCRISIL A420 Issuer No...Read More
Metcalfe provides CFO and company secretarial services for companies in Australia, as well as advises on corporate governance matters and manages regulatory functions. He has recently worked with Synertec, Crosslands Metals, Memphasys and Kopore Metals.He is a member of the Australian Certified Practising Accountants and a fellow of the Governance Institute of Australia.Hogan will remain with Metm...Read More
The Ammas, Takzim Est and Arfa licences cover 87.55sq.km and are all valid for an initial three-year term, which could be renewed for a further four years thereafter.Altus CEO Steven Poulton said the licences were strategically located and had been selected on the basis of the company's remote sensing programmes across terrains considered to be prospective for zinc, copper and other base metals.He...Read More
SHANGHAI, May 29 (SMM) – Nonferrous metals futures rose across the board on Tuesday May 29, except for SHFE aluminium. SHFE tin soared 3.7% and hit the highest level in one and an half years at 155,140 yuan/mt. SHFE nickel jumped 2.8% and finished the day at a three-year high at 112,880 yuan/mt. SHFE lead and zinc rose over 1% and copper edged up.The ferrous complex also rose across the...Read More
Speaking at the Resources Rising Stars conference in Queensland, Australia, Sunstone managing director Malcolm Norris said he was getting asked almost daily when the company was going to drill.Read More
Roderic Lyne, Robert Jenkins and Pavel Maslovskiy have put themselves forward as directors in a requisition backed by two anonymous shareholders, CABS Platform Ltd and Slevin Ltd, which hold a combined 9.1% of Petropavlovsk. Read More
SHANGHAI, May 29 (SMM) – Spot copper was mostly offered at a discount of 80-20 yuan/mt to the SHFE 1806 contract on Tuesday May 29 in the Shanghai market. This compared with a discount of 90-20 yuan/mt on Monday May 28.The SHFE 1806 contract gained nearly 300 yuan/mt to a high of 51,560 yuan/mt in the morning. Transaction liquidity was down from the previous day as sellers were unwillin...Read More
The diversified miner will become the operator of the project, with a further $27 million payable to BaoWu in three years, as well as royalty payments capped at $80 million.Read More
SHANGHAI, May 29 (SMM) – Copper: The SHFE 1807 contract mostly hovered above the daily moving average at 51,200 yuan/mt last night but jumped to a high of 51,470 yuan/mt near closing as investors cut their shorts. It closed slightly lower from last Friday night with pressure from a stronger US dollar. We see it trading at 51,300-51,650 yuan/mt today with support at 51,300 yuan/mt. LME c...Read More
Bezant said Tuesday the project's mineral production sharing agreement had been renewed to April 2020, subject to customary conditions, such as stakeholder engagement and work programme commitments. The company previously sold its Choco platinum-gold project in Colombia to Auvert Mining for US$500,000 in April to focus on building value from its copper-gold assets, including Mankayan an...Read More
Brinsden told the Resources Rising Stars conference in Queensland, Australia, that the A$284 million Pilgangoora lithium-tantalum project in the Pilbara was close to commissioning."At Pilgangoora, it's action stations," he said."We're right on the cusp now of production."All of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganf...Read More
Energold's share price was up 1.28% Monday to C40c at the close, capitalising the company at C$21.6 million. The shares hit a 12-month low of 32c last December and have traded at 53c during the period.President and CEO Fred Davidson said the mineral drilling division was expected to continue to show improvement over the balance of 2018."The company's order book remains strong, especially in parts...Read More
CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to provide analytical results for the remaining 12 re-sampled trenches on its 100% owned Mineral Mountain copper project located near Florence, Arizona (see news release dated April 30, 2018). Highlights from the sampling program...Read More
The company said it was working with state and federal authorities to provide safe access to the mine.Read More
The group said resource industries were the backbone of Ontario's economy but the regulatory and financial burden associated with the sector was threatening its competitiveness.They want the incoming government to consider addressing the red tape and cost burden, energy costs, skills training, build capacity in Aboriginal communities and support Northern Ontario infrastructure.The group's members...Read More
The 41-year-old head of the precious metals miner was interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" which is being published next month.Nesis said he rated the company very highly in one particular area of introducing transformation but said there were several challenges in terms of exploration.He said there were "too few juniors" in the former Soviet...Read More
While still at least 18 months away from first production, Carrapateena is the mine being built to replace the ageing Prominent Hill project which is located in the same copper-rich region which also hosts BHP's big Olympic Dam mine.Read More
Ontario displaced British Columbia in MineHutte's Regulatory Risk Ratings for 2018, with Mexico, Peru and Nicaragua making the top 10 minimal risk jurisdictions. New ratings for The Democratic Republic of Congo and Tanzania place them amongst the lowest-scored jurisdictions, alongside some new entries including Taiwan, Malawi and Lesotho.As well as providing an overall regulatory risk rating, Mine...Read More
On average, late stage mining projects are located in regions that are less jurisdictionally attractive according to an analysis by MINING.com comparing property data from Mining Intelligence and the Fraser Institute's Investment Attractiveness Index.Mining Intelligence tracks around 30,000 properties worldwide at various stages of development. As of May 2018, around 3,500 properties are at the ad...Read More