Being part of the SRK Group we are wholly owned by SRK employees and in addition we ensure our independence by holding no equity in any project. This enables us to provide multi-disciplinary conflict-free and objective recommendations on crucial judgement issues. Though based in the UK we work on projects all over the world. In conditions ranging from the tropics to the permafrost; and on pro...Read More
RESOURCEStocks: First, you've reported a series of strong results from RC drilling at Triumph in south-east Queensland over the past 12 months. You are drilling mostly shallow holes through sub-10m of alluvium/sediment cover and have had success so far at six key targets, plus you've identified the big Au-Cu-Mo anomalies through IP geophysics. So there has been plenty to show for the work you've b...Read More
Core logging at Dumont, the world's largest undeveloped cobalt and nickel sulphide reserve. Image: RNC MineralsInvestors piled into Cobalt 27 Capital Corp (TSX-V:KBLT) and RNC Minerals (TSX:RNX) on Thursday after the companies entered into a royalty deal on all future nickel and cobalt production at RNC Minerals' Dumont project in Quebec in a deal worth $70 million.Shares in Toronto-based Cobalt...Read More
LONDON, Feb 22 (Reuters) - Kazakhstan-focused Kaz Minerals on Thursday reported a jump in 2017 sales and production as its main mines ramped up and said it expected its 2018 output to rise as much as 16 percent.The London-listed miner, which mainly mines copper and gold, said 2017 earnings before interest, taxes, depreciation and amortization (EBITDA) excluding special items rose to $503 million f...Read More
LONDON, Feb 22 (Reuters) - Record high stocks of copper in land-locked Arizona and Utah are a reflection of soaring transport costs in the United States and weak demand for the industrial metal produced in the Americas, copper industry sources say.Trading sources added that stocks in these two locations are likely to keep rising until prices are high enough to offset costs of transporting the copp...Read More
Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, is stepping up efforts to hike output of the yellow metal by advancing a number of projects expected to add more than one million ounces a year starting in 2021.The Toronto-based company, which is now only 50,000 ounces - or about 125 gold bars - ahead of rival Newmont Mining (NYSE:NEM) in terms of annual production, said C...Read More
Global miner Anglo American (LON:AAL) was full of good news Thursday as it announced it had doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade, thanks mainly to rising commodity prices and lower costs.The company, the last of the world's largest miners to report annual results this month, said earnings before interest, tax, depreciation and amortiz...Read More
Canada is the world's most attractive region for mining investment, based on the combined rankings of all its provinces and territories, the latest annual global survey of mining executives released Thursday by the Fraser Institute shows.While the Maple Leaf country overtook Australia as regional destination number one, many of its provinces and territories did not fair well this year in the po...Read More
SHANGHAI, Feb 22 (SMM) – Nonferrous metals futures saw mixed trading as China reopens after the week-long holiday with SHFE lead, nickel and copper up slightly while aluminium slid over 1%. Both tin and zinc also edged down.In the ferrous complex, both coking coal and coke went up while rebar was down 1.7% and hot-rolled coil slipped 1.4%.Copper: SHFE copper came off from highs registered ea...Read More
By Christian "Boo" Boucousis of Afterburner Australia If there's one thing every fighter pilot is acutely aware of it's the limitations of human beings in the complex environment they operate. At no point is a fighter pilot ever fully in control of "the full picture". They do however understand the importance of creating Situational Awareness or finding the right information at the right time to m...Read More
And pretty soon others who know a thing or two about opportunities in the space were convinced, too.Robins, a founder of Kaminak Gold and Stornoway Diamonds, had preconceptions about the country he admits were mostly wrong.He also thought the Goldcorp project, untouched for five years, might be in a less than pristine state.But it wasn't. Right down to the perfectly manicured office lawns and well...Read More
The Toronto-based company is racing towards development at its brine projects by 2021, just in time for the lithium supply gap forecast by Benchmark Mineral Intelligence. This year, LSC has announced the maiden resources for its Rio Grande and Pozuelos projects. Rio Grande has an inferred resource of 2.19 million tonnes lithium carbonate equivalent, over an area of 3 square kilometres, t...Read More
Maptek general manager for North America, Rob Hardman was recently speaking with a senior operations figure at a big gold company when the latter remarked that, "you guys have a unique position here … you can get my geologists and engineers working together because they're all using Maptek products, and there is very little of that in my whole department".And then, says Hardman, the questio...Read More
Southern Copper Corp was declared the winner on Tuesday of the Peruvian government's first auction of the Michiquillay copper project, the first tender in nearly a decade.According to a statement by Southern Copper, controlled by conglomerate Grupo Mexico won the tender with a proposal to transfer $400 million to the government and pay 3% royalties.Southern Copper affirmed Peruvian investmen...Read More
Tech giant Apple Inc (NASDAQ: AAPL) is said to be in talks to buy long-term supplies of cobalt directly from miners as a way to ensure sufficient supply of the metal, an essential ingredient in the batteries that power its iPhone.Citing anonymous sources, Bloomberg reports that the company is trying to secure contracts for several thousand tonnes of cobalt for five years or longer.Electronics and...Read More
The mining industry is awash with cash, and so far it's got two main uses - pay down debt and reward investors.Three of the big four London-listed miners have released earnings this month, and it's clear the companies are doing what shareholders have demanded of them. Glencore Plc, which traditionally favored stuffing its war chest over rewarding shareholders, surprised the market with a $2.9 bill...Read More
Miner and commodities trader Glencore (LON:GLEN) said Wednesday it would pay shareholders $2.9bn in dividends after achieving what it called its "strongest results on record", which attributed mainly to a sharp recovery on commodity markets and a strong performance from its marketing unit.The 2017 results leave Ivan Glasenberg, the head of the Swiss company, well positioned to continue doing wh...Read More
Gold has been on the cusp of a major breakout but someone forgot to tell the gold stocks. Gold is right back at resistance levels yet the various gold stock indices are off their September 2017 highs by 11% to 16%. The relative weakness in the gold stocks (and Silver) is a signal that Gold is unlikely to breakout now. In fact, if Gold were to correct here the gold stocks could threaten support and...Read More
The company has started site works at the project in the state's renowned Goldfields and is already looking to achieve further resource growth, along with production and cashflow."Our number one message is growth - we're growing the business centred around an aggressive exploration campaign planned for 2018," chairman Trevor Dixon said."We have a 100%-owned gold project and our definitive feasibil...Read More
(Bloomberg) - BHP Billiton Ltd.'s top executive will meet with major critic Elliott Management Corp. this week to discuss demands for a business overhaul that the activist group argues could deliver more than $22 billion in value.BHP's first-half results missed analysts' expectations and the shares fell 4.6 percent, on pace for the biggest daily drop since April. The world's biggest mining compan...Read More