The open pit and underground resource totals 2.6 million tonnes grading 0.72% nickel, 0.42% copper with cobalt, platinum, gold and silver for a 1.Read More
South32 will buy 13.2 million shares prices at 78 cents each in a non-brokered private placement, giving it a 9.9% stake in the junior.Read More
The agreement grants Antofagasta an option to acquire a 70% interest in the project by spending US$30 million on exploration over eight years and delivering a preliminary economic assessment.Read More
Alma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesRed Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsThe London and Johannesburg-listed company said the mine is continuing to operate following th...Read More
RAPAPORT... US authorities are investigating the theft of jewelry worth millions of dollars from a Brink's armored vehicle in California last week, one of the biggest gem robberies on record.The truck was transporting goods to the International Gem & Jewelry Show in Pasadena, California, exhibition director Brandy Swanson told Rapaport News on Tuesday. The victims were 16 to 18 vendors. T...Read More
RAPAPORT... Increased US demand drove an increase in exports of Swiss watches in June as growth in the key market outweighed weakness in the Far East.Outgoing shipments of Swiss timepieces climbed 8% year on year to CHF 2.13 billion ($2.2 billion) globally for the month, the Federation of the Swiss Watch Industry reported Tuesday.Supply to the US, the sector's largest market, grew 18% to CHF...Read More
(IDEX Online) - Alrosa says it will make interest payments on two $500m Eurobonds in roubles after dollar payments proved to be "technically impossible".The Russian miner, sanctioned since the invasion of Ukraine in February, said in a statement yesterday that it was "fully committed" to its payment obligations.Corporations like Alrosa use Eurobonds - fixed-income debt instruments - to raise funds...Read More
(IDEX Online) - Petra diamonds reports a year-on-year revenue leap of 44 per cent, driven by price hikes in the rough market and the resumption of work at its Williamson mine, in Tanzania.The UK-based miner said prospects remained positive, despite short to medium volatility because of the war in Ukraine and sanctions on Russian producers and COVID-19.Revenue for financial year ending 30 June 2022...Read More
The Court overturned the suspension order on the grounds that there was no evidence of damage or harm to the riverside people on both banks of the Xingu River and that they were properly consulted asRead More
A laboratory scale test programme showed IPT could allow tailings from its Crawford project in Ontario, Canada to absorb enough CO2 to achieve net zero carbon emissions within 36 hours, and generateRead More
Red Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsAlma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesThe British mining sector needs over 60 mining graduates every year yet not a single student h...Read More
The joint venture will be named NewRange Copper Nickel. Shares in PolyMet gained 14% to C$4.04, giving the Glencore-backed firm a market capitalisation of C$409 million.Read More
Marcel's comments come as the country's Congress prepares to debate tax rates. "We are approaching this with a very open view," Marcel told Bloomberg TV.Read More
BHP forecast that Escondida production in its current financial year will be between 1.08 million-1.18 million tonnes of copper, up 8%-18% from the 1.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US 77.64 cents following release of Canada's June Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 1.0% versus a gain of 1.4% In May. Actual was an increase of 0.7%. Year-over-year consensus was an increase of 8.4% versus 7...Read More
Shares of Belo Sun Mining (TSX: BSX; US-OTC: BSXGF) jumped by 55% on Wednesday morning after the company reported that the Supreme Court of Par?? State in Brazil had overturned a suspension order related to the construction and environmental licences of its Volta Grande project. In May, the Agrarian Court of Altamira had suspended the company's licences until a socio-environmental study of the l...Read More
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) has entered into an agreement with PolyMet Mining (TSX: POM; NYSE: PLM) to form the 50:50 joint venture New Range Copper Nickel to advance PolyMet's NorthMet project and Teck's Mesaba mineral deposit in northeast Minnesota.Glencore (LSE:GLEN), which owns about 70% of Polymet, will retain its majority interest in the company and provide financial s...Read More
Junior Kenorland Minerals (TSXV: KLD) has inked an earn-in agreement with Antofagasta (LSE: ANTO) that gives the Chilean miner an option to acquire a 70% interest in the Tanacross copper-gold project in Alaska.Antofagasta could become the project's majority owner by spending US$30 million on exploration over eight years and delivering a preliminary economic assessment on the asset, near the Yukon-...Read More
Chilean miner Antofagasta (LSE: ANTO) has lowered its full-year output target to 640,000-660,000 tonnes, after production was hindered from water shortages and a leak in an underground pipeline that transports concentrate from Los Pelambres.The miner said copper output in the second quarter of the year fell 6.5% quarter-on-quarter to 129,800 tonnes. For the half-year, it was almost 26% lower year...Read More
Africa-focused Gemfields (LSE: GEM; JSE: GML) warned on Wednesday that insurgents attacks are edging closer to its ruby mine in Mozambique's northern Cabo Delgado province but said operations had not been halted.An Islamic State-linked insurgency broke out in October 2017 in Cabo Delgado, a coastal province rich in natural gas reserves and host to an estimated US$60 billion worth of international...Read More