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
(Bloomberg) - A troubled 2018 so far for billionaire Anil Agarwal's Vedanta Ltd. may get worse amid concern that its key copper smelter in southern India could remain shut until 2019, further pressuring a stock that's down 25 percent since the start of the year.Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 metric ton-a-year op...Read More
Authorities from the southern Indian state of Tamil Nadu have ordered the permanent closure of the country's largest copper smelter, controlled by Vedanta Resources (LON:VED), after a new round of violent protests against the plant ended last week with police killing 13 people.Locals disapprove the expansion of the group's Sterlite Copper plant at Thootukudi, in Tamil Nadu, because they blame it o...Read More
BEIJING, May 28 (Reuters) - Major state copper and aluminium producers were among the companies that traded almost half a billion yuan of metal on Shanghai Futures Exchange's (ShFE) new physical trading platform in its debut on Monday, the exchange said.Tongling Nonferrous Metals Group and Chalco were amongst the companies that transacted using the platform. Out of the 123 transactions, 111 were i...Read More
Canada's Millbrook Minerals has recently inked an historic deal with Cuban state mining company GeoMinera S.A. to explore and develop three former cobre-zinc-silver-gold producing assets in the country.The agreement makes the Ontario-based privately held miner the first Canadian firm to sign a deal in Cuba since the mid 90's. It also establishes it as the first company to sign an International Ec...Read More
SHANGHAI, May 28 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index touched a high of 94.3 last Friday and closed 0.62% higher at 94.24 due to robust US manufacturing data and a weaker euro.LME base metals fell across the board except for zinc. LME lead closed over 2% lower, but its week-on-week gain of 4.5% was...Read More
Investing.com - Gold traders will keep their focus on fresh geopolitical developments surrounding President Donald Trump's planned summit with North Korean leader Kim Jong Un slated for next month.Ongoing trade negotiations between the U.S. and China will also keep investors on their toes.On the data front, there's a gusher of economic reports in the coming week, as the calendar rolls to June from...Read More
Over the last month, I've received numerous questions pertaining to the direction of the gold price. The fact is, I don't have a crystal ball and, while I believe we will see higher gold prices in the future, I have no idea when, and really, I don't care.Why? Simply, I don't invest in junior mining companies because I believe the price of gold is going to go up. I believe you invest in junior mini...Read More
The company has announced the potential to extend production at El Gallo in Mexico by at least 10 years, a US$50 million raising to finish construction at its Gold Bar mine in Nevada and the possibility of a new base metals revenue stream for its Black Fox complex in Ontario.Read More
Among the highlights from the first five holes, the company hit 1.7m at 17.18g/t gold from 198m, including a higher grade intercept of 0.6m at 46.3g/t gold.Great Bear also confirmed gold at the South Limb zone where the company's first drill hole into the target hit 0.5m at 5.34g/t gold.CEO Chris Taylor said drilling had revealed "a regionally-significant gold-bearing hydrothermal system" whi...Read More
SHANGHAI, May 28 (SMM) – Nonferrous metals, except for SHFE lead, rose across the board on Monday May 28. SHFE tin led the increases with a gain of over 2%. SHFE zinc rose nearly 1.6%, while nickel, copper, and aluminium inched up.Most ferrous metals closed lower except for coking coal. Iron ore fell nearly 1%, while coke, hot-rolled coil, and rebar dipped.Copper: As shorts continue to exit...Read More
SHANGHAI, May 28 (SMM) – Spot copper was mostly offered at a discount of 90-20 yuan/mt to the SHFE 1806 contract on Monday May 28 in the Shanghai market. This compared with a discount of 110-30 yuan/mt on Friday May 25.The SHFE 1806 contract hovered at 51,300 yuan/mt with pressure during the morning trading session. Transactions started to pick up in the morning as traders widened disco...Read More
BHP (ASX: BHP) was down around 3% in afternoon trade but is still well above the levels it was trading at 12 months ago. The metals and mining sector on the benchmark S&P/ASX200 index was down about 1.8% this afternoon.Australian gold major Newcrest Mining (ASX: NCM) was about 1.4% lower at the time of writing while the spot gold price was worth around US$1,298 an ounce, having risen...Read More
The transaction will see an initial A$25 million heading Independence's way, with further payments of $16 million to be paid annually for the next three years.Read More
SHANGHAI, May 28 (SMM) – Copper: LME copper dipped below the daily moving average to a low of $6,840/mt last Friday night as the US dollar gained. It is likely to dip on a stronger US dollar as an US-North Korea meeting is likely to be held as scheduled. The SHFE 1807 contract also fell last Friday with pressure from the 60-day moving average. It is expected to trade at 51,250-51,600 yu...Read More
Unlike oil which is BHP's secret weapon, or Achilles Heel, depending on which way the price is moving, or Rio Tinto's aluminium operations which faded but are now blooming, the diamond operations of Anglo American are cloaked in secrecy.Read More
Knafelc, 50, was referring to the global integrated fertiliser materials company's investment in a true talent development strategy."It's shocking to me thinking back five years how little we had in place - we had lots of good things happening but we didn't have a strategic plan that had elements of commonality across the organisation," he said.Knafelc made the comments as part of a wide-ranging i...Read More
SHANGHAI, May 28 (SMM) – China's copper scrap imports in April declined 19.3% from March and 36.7% from a year ago to stand at 180,000 mt, showed data from China Customs. This marked the second consecutive month of decline. April's imports registered at a low in nearly 20 years. It grew slightly from the import levels in February 2018 and 2016, which were aff...Read More
Cobalt 27 changes the course of metals streamingSPONSOREDcobalt 27 RESOURCEStocks: It's been less than a month since the company, previously known as Plymouth Minerals, officially changed ticker codes on the ASX to reflect the new name. What prompted the change?Adrian Byass: Plymouth Minerals was established in 2011 and over a number of years the company was actively involved in the Mor...Read More