* Estimated mine value has fallen to $400 mln -sources* Sale prospects complicated by new mining code in DRC* ERG aims to reduce $6 bln debt burdenBy Clara Denina and Dasha AfanasievaLONDON, March 7 (Reuters) - Debt-laden Kazakh miner Eurasian Resources Group (ERG) has revived efforts to sell its Frontier copper mine in Democratic Republic of Congo (DRC) despite a drop in valuation to about $400 m...Read More
Mining giant Rio Tinto (ASX, LON, NYSE: RIO) is expanding its driverless trucks fleet in Australia by introducing 15 autonomous vehicles to a new mine in the Pilbara region.The trucks, to be deployed later this month to the West Angelas iron ore mine, are fitted out with the company's in-house autonomous haulage system (AHS), AAP reported.West Angelas, run by Rio's Robe River joint venture partne...Read More
The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving averages and at the lower end of their...Read More
SHANGHAI, Mar 7 (SMM) – China is likely to eliminate its dependency on overseas refined copper and move to develop foreign copper ore supplies by optimising its industry, SMM believes.China will intensify efforts to improve capacity structure and reorganise steel, coal and power enterprises, said deputy director of the National Development and Reform Commission (NDRC) Nin...Read More
Barclays analyst Dane Davis said Chinese data arriving in mid-March would set the tone for copper's price for the month as the market waits on demand indications from the world's biggest consumer of the red metal.Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistEvery year, a vast amount of copper is used by the global economy to manufacture a wide variety of goods.It's a major ingredient in big-ticket consumer goods like autos, appliances, electronics, and new homes. Simultaneously, copper is also gobbled up for many industrial uses including telecommunications, utilities, construction, and industrial...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More
SHANGHAI, Mar 6 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday March 6 as SHFE copper, aluminium and nickel edged up, while SHFE zinc lost over 2%. Lead and tin both fell close to 1%.The ferrous complex continued to weaken with iron ore slipping close to 2%. Coke and hot-rolled coil were down almost 1%, while rebar and coking coal edged down slightly.Copper: SHFE copper touch...Read More
SHANGHAI, Mar 6 (SMM) – The purchasing managers’ index (PMI) for China’s copper downstream industries is expected to be 54.61 in March, according to SMM survey. This would compare with 38.43 in February. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cnRead More
Highlights• LiDAR elevation survey scheduled during the June quarter • Mobilisation to occur in March, drilling to commence in April • Long term diamond drill contract awarded for Misima Gold Project • Study of structural controls to mineralisation nearing completion • Mapping and channel sampling program ongoingKingston Resources Limited (Kingston or the Company) is pleas...Read More
The growing interest and investment in electric vehicles (EVs) and energy storage requires you to better understand the lithium, cobalt, nickel and graphite markets.The Battery Raw Materials Service provides the industry's most comprehensive analysis of this booming market within the metals sector, integrating our leading coverage of the energy 'decarbonisation' story with world-class metals analy...Read More
Get actionable data and analysis straight from our store in just a few clicks. Our report, insights and studies are easy to find by industry sector or commodity type.Areas of expertise include:Power & Renewables: Whether you want to spot the next regulatory trend or understand how the switch from coal will impact the market, we have more than 70 reports covering nuclear, solar, gas, wind...Read More
Different markets, different cycles. Mining companies suffered for their sins in the downturn a little earlier than the oil and gas sector. Now they are emerging into a new upturn, also ahead of the game. What challenges do they face that oil and gas companies might learn from? I asked Julian Kettle, Vice Chairman of Metals and Mining Research, to share his thoughts. A battle...Read More
The growing interest and investment in electric vehicles (EVs) and energy storage requires you to better understand the lithium, cobalt, nickel and graphite markets.The Battery Raw Materials Service provides the industry's most comprehensive analysis of this booming market within the metals sector, integrating our leading coverage of the energy 'decarbonisation' story with world-class metals analy...Read More
Get actionable data and analysis straight from our store in just a few clicks. Our report, insights and studies are easy to find by industry sector or commodity type.Areas of expertise include:Power & Renewables: Whether you want to spot the next regulatory trend or understand how the switch from coal will impact the market, we have more than 70 reports covering nuclear, solar, gas, wind...Read More
Capital discipline or growth? It's THE big question hanging over commodity producers, mining as much as oil and gas.We touched on the oil Majors' approach last week. The US Independents' results last week gave another take on how companies are thinking. US E&P behaviour was challenged a year ago as investors kicked up a fuss about the high investment rate in the tight oil sector. Concerns cent...Read More
Different markets, different cycles. Mining companies suffered for their sins in the downturn a little earlier than the oil and gas sector. Now they are emerging into a new upturn, also ahead of the game. What challenges do they face that oil and gas companies might learn from? I asked Julian Kettle, Vice Chairman of Metals and Mining Research, to share his thoughts. A battle...Read More
The growing interest and investment in electric vehicles (EVs) and energy storage requires you to better understand the lithium, cobalt, nickel and graphite markets.The Battery Raw Materials Service provides the industry's most comprehensive analysis of this booming market within the metals sector, integrating our leading coverage of the energy 'decarbonisation' story with world-class metals analy...Read More
Get actionable data and analysis straight from our store in just a few clicks. Our report, insights and studies are easy to find by industry sector or commodity type.Areas of expertise include:Power & Renewables: Whether you want to spot the next regulatory trend or understand how the switch from coal will impact the market, we have more than 70 reports covering nuclear, solar, gas, wind...Read More
Capital discipline or growth? It's THE big question hanging over commodity producers, mining as much as oil and gas.We touched on the oil Majors' approach last week. The US Independents' results last week gave another take on how companies are thinking. US E&P behaviour was challenged a year ago as investors kicked up a fuss about the high investment rate in the tight oil sector. Concerns cent...Read More