China's Tianqi Lithium Corp said on Wednesday it would nominate two Chileans and a U.S. businessman to the board of lithium miner SQM, candidates seen as 'safe choices' for the world's No. 2 lithium producer as it faces booming demand.Tianqi last year paid $4.1 billion for a near-quarter stake in SQM, as Chinese companies scoured the globe for the ultralight battery metal needed to ramp up Chinese...Read More
Power Ore has completed the digitization and geological model for the Opemiska copper complex near the town of Chapais in the Canadian province of Quebec. Based on all available drilling data, it has confirmed the distribution of disseminated material around the known veins. There is also widespread disseminated mineralization near the contact with underlying rhyolite.Power Ore says the new geolog...Read More
Sandvik has acquired privately-owned Newtrax, a supplier of leading technology in wireless connectivity to monitor and provide insights on underground operations, including people, machines and the environment."By including Newtrax into the Sandvik family we further strengthen our leading position in areas related to automation and digitalization," says Henrik Ager, President of Sandvik Mining and...Read More
A five-month long strike affecting Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) gold operations in South Africa came to an end on Wednesday, after the company reached an agreement with the Association of Mineworkers and Construction Union (AMCU).Sibanye, South Africa's largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output bec...Read More
Canarc Resources (TSX: CCM) has wrapped up a preliminary economic assessment of its New Polaris gold project in northwestern British Columbia that indicates the project could produce 80,000 ounces of gold per year over an 8.7 year mine life. By market close the Vancouver-based junior's stock had jumped 20%.The study assigns New Polaris a $216 million after-tax net present value at a 5% discount...Read More
Apr 18, 2019 Guest(s): Jim Rickards Best-selling Author The economy is vulnerable to economic "chaos" due to several monetary and policy mistakes made since the 2008 recession, said best-selling author Jim Rickards. His new book "Aftermath: Seven Secrets of Wealth Preservation In The Coming Chaos" details how the last economic crisis never really ended. "Technically, the recession was over in Ju...Read More
La Caisse de Depot et Placement du Quebec has acquired an additional 1 million shares in Osisko Metals (TSXV: OM), which is developing two zinc mining camps in Canada.The Quebec pension fund has been a strategic partner and shareholder in the junior since 2014, and purchased the additional shares this week from Osisko Metal's executive chairman, Robert Wares, who now owns 9.5% of the company.Osisk...Read More
Bringing together product, technology and service experts from across the company, Komatsu announces the launch of its global Center of Excellence (CoE) for Autonomous Haulage Systems (AHS).The CoE team will be responsible for AHS strategy, planning, marketing, sales support and training; enabling Komatsu to respond faster to customers' needs in the rapidly expanding autonomous environment."This i...Read More
The new president and CEO of the Mining Association of British Columbia is Michael Goehring, effective May 1, 2019. He has more than 20 years' of experience in public affairs and strategic communications across a number of industries.Boreal Metals Corp. of Vancouver has strengthened its executive team with the appointment of Patricio Varas as CEO. Karl Antonius retains his position as president of...Read More
RNC Minerals has closed a C$12-million bought deal financing by issuing approximately 24.5 million common shares at a price of C$0.49 each.The offering was underwritten by a syndicate co-led by Haywood Security and Cantor Fitzgerald Canada. The underwriters have also been granted a 15% over-allotment of 3.7 million shares at the same price per share.RNC recently made a high grade discovery - the F...Read More
Bearish sentiment on LME-traded base metals pervaded the market throughout trading on April 18 with the majority of the complex continuing to trade down at the end of the trading day. Pessimism continued to mount on the back of weak European PMI data throughout the day's trading, dissipating any of the previous day's bullish sentiment on the basis of positive Chinese economic data. Suppressed appe...Read More
Mining-and-metals company South32 has revised its alumina production guidance down due to a de-bottlenecking initiative, it said in its third-quarter financial year report on Thursday April 18.The company reduced production guidance at its Worsley alumina facility in operation by 4% to 3.79 million tonnes to, "support a sustainable increase in production-to-nameplate capacity ahead of future de-bo...Read More
The US copper market failed to hold onto Wednesday's gains amid a surging dollar, which weighed on the base metals complex.The copper price for May settlement on the Comex division of the New York Mercantile Exchange dipped 4.20 cents to $2.9255 per lb.At last glance, the dollar index was at 97.32, up 0.32% and above the psychological level of 97. The red metal has been unable to set a clear price...Read More
"...in the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; and thus in the primitive simplicity of their minds they more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but...Read More
Mining-and-metals company South32 has revised its alumina production guidance down due to a de-bottlenecking initiative, it said in its third-quarter financial year report on Thursday April 18.The company reduced production guidance at its Worsley alumina facility in operation by 4% to 3.79 million tonnes to, "support a sustainable increase in production-to-nameplate capacity ahead of future de-bo...Read More
Australia-based copper miner Sandfire Resources (ASX: SFR) was one of the market risers on the benchmark S&P/ASX200 in afternoon trade.It was up more than 3% as it strengthened its full-year copper and gold guidance and said its feasibility study for the Black Butte copper project in the US was progressing well.Headed in the opposite direction, Galaxy Resources (ASX: GXY) was hammered ahead of...Read More
Alcoa's revenue for the first quarter of 2019 was $2.7 billion, down 19% from the fourth quarter of 2018, due to lower alumina and aluminium prices.The producers adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) excluding special items for the first quarter between January and March 2019 stood at $467 million, a 39% decrease from the previous quarter. "We improved ou...Read More
Gold production from the operation rose 26.7% year-on-year to 22,374 ounces at an all-in sustaining cost (AISC) of US$701 per ounce, down from $776/oz a year ago.Read More
* GRAPHIC-2019 asset returns: (Adds closing prices, quote)By Zandi ShabalalaLONDON, April 18 (Reuters) - Zinc prices sank to a one-monthlow on Thursday after inventories in London Metal Exchange (LME)warehouses climbed and weak manufacturing data in Europe tookthe shine off base metals.Base metals prices had jumped in the previous session afterupbeat GDP data from top consumer China but fell on Th...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average got a lift from a strong U.S. retail sales report and mostly better-than-expected earnings. Honeywell (HON - Get Report) traded higher after posting stronger-than-expected first-quarter earnings and raising its full-year outlook. American Express (AXP - Get Report) nearly 2% after...Read More