Scientists from the U.S. Department of Energy's Ames Laboratory discovered a first-of-its-kind copper and graphite combination that, they say, could have implications for improving the energy efficiency of lithium-ion batteries.The discovery took place after they bombarded graphite in an ultra-high vacuum environment with ions to create surface defects. Copper was then deposited on the ion-bombard...Read More
Russell, a mechanical engineer and budding inventor, left Mount Isa for Toowoomba in 1985 after conceiving the blueprint for an ‘Isa Sizer' screen for his former employer. MIM installed four of them.Read More
(Bloomberg) -- As it battles to remain the world’s biggest copper producer, Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.On Friday, Chilean President Sebastian Pinera appointed executive Juan Benavides as chairman of the state-owned company. Earlier this month, he appointed Hernan de Solminihac and Patric...Read More
* LME/ShFE arb: GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices)By Jan HarveyLONDON, May 25 (Reuters) - Lead fell on Friday as some buyers cashed in on a recent rally but the metal still posted its biggest weekly rise since September after this week's drop in available stocks, and as investors positioned for a market in deficit.Despite Friday's move lower, the bat...Read More
* To stick to city protesting copper smelter on green concerns* Executive says not looking at setting up plant elsewhere* To seek dialogue, legal steps to restart smelter, expand (Adds details, quotes)By Krishna N. DasNEW DELHI, May 25 (Reuters) - London-listed Vedanta Resources VED.L hopes to restart its copper smelter in a southern Indian city and still wants to double its capacity despite pro...Read More
Investing.com - Gold prices moved lower in midmorning trade on Friday but were still on track for weekly gains of around 1% as demand for the safe haven asset increased this week on the back of geopolitical tensions.At 10:59AM ET (14:59GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange was down $1.70, or around 0.1%, to $1,302.70 a troy ounce.On Thursday...Read More
By Krishna N. DasNEW DELHI, May 25 (Reuters) - London-listed Vedanta Resources VED.L plans to stick to operations in a southern Indian city despite protests demanding the closure of its copper smelter that killed 13 people this week, a company executive told Reuters on Friday.The company's position comes a day after the state of Tamil Nadu (NS:TNNP), where the smelter is located, said it was see...Read More
NEW DELHI, May 25 (Reuters) - Indian Prime Minister Narendra Modi's decision to accept a fitness challenge from one of the nation's top cricketers, Virat Kohli, has been seized on by opposition politicians who say the leader should be spending time on other challenges - such as reducing fuel prices and creating jobs.The nation's sport minister and an Olympic medalist for shooting, Rajyavardhan Rat...Read More
(Adds company news items, adds futures)May 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 48 points at 7,765 on Friday, according to financial bookmakers, with futures FFIc1 up 0.31 percent ahead of the cash market open.* SSE: Britain's SSE Plc SSE.L said full-year earnings per share fell 3.6 percent, hurt by weakness in its networks business, but EPS so far this year was ahead o...Read More
May 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 48 points at 7,765 on Friday, according to financial bookmakers.* SHELL: A British judge ruled on Thursday that Nigeria's Bodo community, which has been involved in a protracted legal battle with Shell RDSa.L over the clean-up of two 2008 oil spills, should retain the option of litigation for another year. VEDANTA RESOURCES: Indi...Read More
May 25 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of May 24, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ---------------------------- --------- SHORT TERM RATINGS: ------------------- Ambience Constructions India LtdNon-FB FacIND A4+120Assigned Artemis Auto India P...Read More
London-listed Vedanta Resources hopes to restart its copper smelter in a southern Indian city and still wants to double its capacity despite protests demanding its closure that killed 13 people this week, a company executive told Reuters on Friday.The company's position comes a day after the state of Tamil Nadu, where the smelter is located, said it was seeking a permanent closure of the plant due...Read More
Labrador Gold (TSXV: LAB) announced today that it is staking additional 92 claims at the Hopedale project, located 30 kilometres southwest of the community of Hopedale in eastern Labrador, Canada.In detail, the claims are situated at the northern end of the Florence Lake greenstone belt, which is adjacent to the Thurber Dog area where the company has reported grab samples up to 7.87 g/t gold and w...Read More
(Bloomberg) - As it battles to remain the world's biggest copper producer, Codelco just achieved a new, less enviable mantle - the only major mining company with an all-male board and senior management team.On Friday, Chilean President Sebastian Pinera tapped executive Juan Benavides to be chairman of the state-owned company. Earlier this month, he appointed Hernan de Solminihac and Patricio Brio...Read More
SANTIAGO, May 24 (Reuters) - Chilean state copper company Codelco reported a slight increase in first quarter profits over the same period the previous year, as rising copper prices offset increasing costs at the world's top producer of the red metal.Codelco, which delivers all its profits to the Chilean state, reported pre-tax earnings of $537 million between January and March, an increase of nea...Read More
Chilean President Sebastian Pinera named Juan Benavides, a former chief executive officer of Chile retail leader Falabella, as chairman of the board of directors at Codelco, the world's top copper producer, the government said on Friday.Benavides was currently serving as chairman at Chilean private pension fund manager AFP Habitat.The 60-year-old Benavides had previously led Falabella, one of Lati...Read More
JAKARTA (Reuters) - A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc (FCX.N) and its partner Rio Tinto (RIO.AX), according to government and company officials.In April, in follow-up action to the audit, the environment minister issued two decrees that gave Freepor...Read More
LAS VEGAS (Reuters) - The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries.The Democratic Republic of Congo (DRC) produces nearly two-thirds...Read More
Shares in Northern Dynasty Minerals plunged on Friday after the company announced the end of a partnership with fellow Canadian company First Quantum Minerals to develop the controversial Pebble mining project in Alaska.Vancouver-based Northern Dynasty said on Friday in a terse statement it was unable to reach an agreement on a proposed deal with First Quantum announced in December. Northern Dyna...Read More
(Bloomberg) - Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world's biggest.The founder and owner of Vedanta Resources Plc wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports, create jobs and reduce poverty. Despite its insatiable appetite for materials, India i...Read More