The Oyu Tolgoi copper and gold mine in Mongolia's southern Gobi Desert will lift force majeure effective March 1 and majority owner Turquoise Hill Resources Ltd said on Wednesday that it expected to make up any sales-related effect over the next few quarters.Force majeure was declared Jan. 17 after protests by Chinese coal haulers disrupted deliveries by blockading roads near the Chinese-Mongolian...Read More
Sweden's billionaire Lundin family is looking to spend as much as $3 billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project.Lundin Mining Corp. is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1 billion to $3 billion, Lukas Lundin said in an interview Wednesday from the BMO Global Metals & Mining Con...Read More
* Supreme Court ruled against government in December* MCC has said will challenge government plansULAANBAATAR, Feb 28 (Reuters) - Mongolia's Constitutional Court ruled on Wednesday that Mongolian Copper Corporation (MCC) never had the right to 49 percent of one of Asia's biggest copper mines, supporting an earlier resolution by the government to buy back the stake.The ownership battle is set again...Read More
Copper futures trading on the Comex market in New York fell for the fourth straight session on Wednesday on fresh doubts about the strength of the economy in top consumer China.Copper for delivery in May slumped 1.8% to a low of $3.1295 a pound ($6,900 a tonne) in early afternoon trade, down more than 5% so far this year.Chinese manufacturing data suffered its biggest fall in five years in Februa...Read More
JOHANNESBURG, Feb 28 (Reuters) - South Africa's new mining minister Gwede Mantashe said on Wednesday he will finalise the latest version of an industry charter which lays out requirements for black ownership levels and other targets in the next three months.Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top...Read More
SHANGHAI, Feb 28 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) stood at 50.3 in February, down from 51.3 in January, according to data released by the National Bureau of Statistics on Wednesday February 28. The country’s non-manufacturing PMI this month stood at 54.4, down from 55.3 in January. For editorial queries, please contact Daisy Tseng...Read More
After one of the worst bear markets in history, gold and the gold mining stocks began a new bull market cycle in 2016. With the first 8 months of the year filled with incredible gains, a correction in the market ensued. Of the two, the gold mining stocks were hit the hardest, sending a large portion of the company share prices down or sideways over the last 16 months.Today, in the 1st quarter of...Read More
Valor Resources Limited ("VAL" or the "Company") is very pleased to report the first results of the previously announced surface sampling campaign. VAL has identified significant high grade mineralisation at surface, approximately 1,500 metres southwest of Berenguela Central, within the Berenguela concession package, in an area called ‘Corona'.Highlights:• This discovery indicates...Read More
KSN is a metals exploration company. Currently the Company's priority is the world-class Misima Gold Project in PNG, which contains a JORC resource of 2.8Moz Au, a production history of over 3.7Moz and outstanding potential for additional resource growth through exploration success. Kingston currently owns 49% of the Misima Gold Project and is earning in to 70%. In addition, the Livingstone Gold P...Read More
Metals X Limited is an ASX listed diversified base metals company exploring and developing minerals and metals in Australia. It is one of the world's top 10 and Australia's largest tin producer, a top 10 Australian copper producer and has a pipeline of assets from exploration to development that includes significant expansion projects in both its copper and tin businesses. Metals X's portfolio als...Read More
This is a picture of India's mining past that looks like it will continue to recur in future.India is considering liberalising coal mining, currently monopolised by Coal India.The country's coal resources are among the largest in the world. Despite this, Coal India fails to meet domestic demand, forcing Indian consumers to import coal from Australia, Indonesia, and Brazil.The situation is similar...Read More
Vancouver-based Secova Metals (TSXV: SEK) announced today that, with the acquisition of 1151640 B.C. Ltd, it has taken over 40 claims or approximately 2,186 hectares in eastern Quebec. The claims are contained within the Muskrat, Boudrais and Peribonka-Begin cobalt projects. Half of those claims, which comprise the Muskrat Cobalt project, are located in the Riviere aux Rats area of Quebec and are...Read More
Zambia, Africa's second largest copper producer, will begin enforcing a law that requires miners to transport 30% of their cargo by train, in a move aimed at boosting the country's rail sector.Mining companies have expressed their concerns about the rail system capacity, warning that the government has not properly considered the potential impact on the network.Transport Minister Brian Mushimba sa...Read More
Northern Empire Resources Corp. (TSX-V: NM) released results from its Daisy Deposit as part of its 2018 15,000-metre drill program to expand resources at the Sterling Gold Project in Nevada. These results will go towards an updated resource due in the first half of 2019 and indicate the potential for an open pit, heap leach operation. The Daisy Deposit is located within the Crown Block of depo...Read More
SHANGHAI, Feb 27 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday February 27 with SHFE nickel leading the gain with 1% rise. SHFE lead was up close to 1% while tin and zinc inched up. Copper and aluminium were down slightly.The ferrous complex recovered some lost ground in the afternoon with iron ore closing 0.64% lower. Hot-rolled coil was up over 1% while coking coal, coke a...Read More
What have I got to do to make you love me? What have I got to do to make you care?You can imagine the Majors' CEOs musing over Elton John's lyrics, wondering what it takes to win over investors after the stock market's dismissive reception of results that clearly demonstrated the extent of the upstream performance improvement underway.It's a sad, sad situation. Three things in the 2017 results sto...Read More
What have I got to do to make you love me? What have I got to do to make you care?You can imagine the Majors' CEOs musing over Elton John's lyrics, wondering what it takes to win over investors after the stock market's dismissive reception of results that clearly demonstrated the extent of the upstream performance improvement underway.It's a sad, sad situation. Three things in the 2017 results sto...Read More
What have I got to do to make you love me? What have I got to do to make you care?You can imagine the Majors' CEOs musing over Elton John's lyrics, wondering what it takes to win over investors after the stock market's dismissive reception of results that clearly demonstrated the extent of the upstream performance improvement underway.It's a sad, sad situation. Three things in the 2017 results sto...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.What have I got to do to make you love me? What have I got to do to make you care?You can imagine the Majors' CEOs musing over Elton John's lyrics, wondering what it takes to win over investors after the stock market's dismissive rece...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.What have I got to do to make you love me? What have I got to do to make you care?You can imagine the Majors' CEOs musing over Elton John's lyrics, wondering what it takes to win over investors after the stock market's dismissive rece...Read More