Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper output for the first nine months of the year fell 4 percent, but it forecast an increase in production in 2019 as grades begin to improve at its operations.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, said year-to-date copper production declined to 505,500 tonnes, from 526,500 tonnes in...Read More
CAPE TOWN, Oct 24 (Reuters) - Mali's first independent power project - a 122 million euro ($139.06 million), 90-megawatt diesel plant - will go online next week in the country's gold-rich southwest, a board member of the operator said on Wednesday.The new plant could spur more of the foreign investment Mali has struggled to attract since Islamist militants seized the desert north in 2012.French fo...Read More
London Metal Exchange zinc spreads are stressed, with the cash-to-three-months premium hitting a one-year high of $63 per tonne earlier this week.LME stocks are low, at just 99,900 tonnes excluding metal earmarked for physical load-out.It's the same story in Shanghai.Physical tightness in the refined segment of the market, it seems, is not going to go away any time soon, either in Shanghai or in...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
How do you measure success?The mining sector continues to look for ways to improve efficiencies and lower costs and drilling companies are following suit. At the end of the day, the best drilling contractors know that it's all about providing maximum value to the customer.Drilling the meters is only one part of the equation and other metrics provide guidance to total value.To quantify drilling eff...Read More
Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
There's an unexpected benefit from the boom in battery metals mining - it's going to boost production of scandium, an obscure element whose long-held promise to transform manufacturing of planes and cars has been stalled by a lack of supply.The silver-white metal, found in higher concentrations in moon rocks than on Earth, can be added to aluminum to make alloys that are lighter, stronger and more...Read More
Tesla released its third quarter financial results today and company delivered a significant profit for the first time in years. It's mainly thanks to many improvements to the Model 3 program...Read full newsRead More
"I wouldn't touch the crap they're lending on at twice the interest rate..."Read full newsRead More
It is very stormy weather in shortsville after Tesla reported blowout quarter.Read full newsRead More
After an already atrocious day session, AMD shares are bloodbathing after-hours (down over 25% overall) after it reported a disappointing miss on revenues and slashed guidance for Q4...Read full newsRead More
Not a fleshwound anymore... China started off excitedly but the afternoon session saw selling pressure into the close...Read full newsRead More
Semis, FANGs, all getting slaughtered as Nasdaq tumbles 2.6% on the day to its lowest in almost 6 months...Read full newsRead More
Volkswagen shares tumbled as much as 6% on Wednesday, after the President and CEO of Volkswagen China told Nikkei that the company will likely end the year with flat or lower sales volume in China compared to last yearRead full newsRead More
Investors removed an estimated $14.72 billion from hedge funds in September pushing Q3 net flows into negative territory with an estimated $5.71 billion leaving the industry in Q3, and year to date flows to unchanged.Read full newsRead More
That is a 13.2% collapse YoY - the biggest drop since May 2011Read full newsRead More
"Flixbus will Alternativen zum Diesel-Antrieb f??rdern - und l??sst ab Donnerstag zwischen Frankfurt und Mannheim einen vollelektrischen Fernbus rollen. https://t.co/HAmdNOIsxj"Read full newsRead More
Most of these men were employees from within the intelligence, military or security services.Read full newsRead More
Can you provide an introduction to Wheaton Precious Metals' core business and the history of the company? It takes capitalRead full newsRead More