Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world's leading diversified natural resources groups, predicts a strong metals recovery ahead.Our view that commodities have fallen foul of wider macroeconomic concerns and the changing geopolitical landscape was confirmed at this year's LME Week. One of the issues that came up repeatedly was the fact that g...Read More
Brazil's Vale SA , the world's largest iron ore producer, on Wednesday posted $1.408 billion in third-quarter net income, below the 2.23 billion a year-ago.Read full newsRead More
Q3 sees lower profit due to lower prices for gold and copper alongside higher fuel costs.Read full newsRead More
"Even the most experienced #lithium producers struggle when it comes to ramping up supply, suggesting that many projects being touted by small companies will never be built, according to Banco Santander. https://t.co/vyvmxQJpFF via @business"Read full newsRead More
Oct 25 (Reuters) - Diversified Canadian miner Teck Resources Ltd. reported a near 23 percent drop in third-quarter adjusted earnings on Thursday, as prices for the company's main products fell in the quarter.Teck, the world's second-biggest exporter of steel-making coal, said adjusted profit fell to C$466 million ($357.6 million), or C0.81 per share, during July-September, from C$605 million, or C...Read More
The discounts mean that the oil industry in Alberta is losing around $100 million per day...Read full newsRead More
BEIJING, Oct 25 (Reuters) - Aluminum Corp of China Ltd ,, known as Chalco, said on Thursday that net profit rose by 6.8 percent year-on-year in the third quarter despite lower revenues after it reduced operating costs.The listed arm of Chinalco, China's biggest state-run aluminium producer, posted net income of 640.9 million yuan ($92.31 million) for July-September, versus 600.3 million yuan in th...Read More
"This week, $VAST Resources shareholders voted to expand the company's equity raising rights. We spoke to Andrew Prelea about what he wants to do with the cash ($) | https://t.co/V88O2l7twv #AIM #gold #copper #zinc"Read full newsRead More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
B?-RSE ONLINE: Der Goldpreis hat sich von seinem j? 1/4 ngsten Tief Mitte August wieder etwas erholt, hat seitdem rund f? 1/4 nf Prozent zugelegt. Am Dienstag ging es um rund ein Prozent nach oben, an den Aktienm??rkten st? 1/4 rzten die Kurse ab. Ist Gold wieder die Krisenw??hrung schlechthin? Ronald-Peter St??ferle: Das Gold macht seinem Ruf als Portfolio-Versicherung wieder alle Ehre. Das Edelm...Read More
"German IFO Business Climate (Oct):102.8(est 103, prev 103.7) German IFO Current Assessment (Oct):105.9(est 106, prev R 106.6) German IFO Expectations (Oct): 99.8 (est 100.3, prev R 100.9)"Read full newsRead More
Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More
Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More
A month after announcing it had acquired full ownership of its Idaho-based Iron Creek project and eliminated its royalty, Canada's First Cobalt (TSX-V: FCC) released a video today aimed at selling high the product of its flagship asset."As federal agencies seek ways to reduce U.S dependency on foreign sources of cobalt, projects such as Iron Creek in mining-friendly Idaho support a strategy to red...Read More
Australia's Lucapa Diamond (ASX:LOM) said Thursday it had received ZAR100 million (about $7 million) from South Africa's IDC - of the largest development financiers in southern Africa - to boost development at its 70%-owned Mothae mine in Lesotho.The company, which commissioned a 1.1 million tonne a year treatment plant at the mine, said the loan will considerably strengthen Mothae's cash posi...Read More
On a flight to Brasilia last year, Jair Bolsonaro's carry-on bag contained little more than two small chunks of metal mined in Brazil: One was graphene, used in solar cells; the other niobium, which strengthens steel.At the time, he said he hoped to display them in a TV interview, evidence of the promise mining holds for Brazil's struggling economy. While some of the former Army captain's ideas ha...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce that it has entered into a binding letter of intent dated October 24, 2018 with Genetic Properties Inc. ("GPI") and its shareholders, pursuant to which Quadron will acquire up to a one-third equity interest in GPI (the "LOI").GPI, a private company based in Toronto, Ontario, is applying...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") is pleased to announce its latest commercial partnership with Indoor City Farm, Your Local Greens, Inc.Utilizing the latest LED grow light technology from Phillips Horticulture, Your Local Greens plans to become a key player in the post-organic Indoor City Farming space. With only 3% waste, 90% less water...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") is pleased to announce that the Company sold 80,000 tonse of frac and industrial sands during Q3 2018 which is within the Company's previous guidance (see press release dated September 4, 2018) of between 65,000 to 95,000 tons.Further to this sales update, the Company is providing the below highlights of its cur...Read More