Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxThe Perth-based company said it now had an exploration target in excess of 3.5Moz.Sarama had updated the project's Tankoro resource in September 2020 to...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure minerals"Our drilling has now confirmed that the Rangefront D-4 discovery is not an isolated occurrence and is part of...Read More
Wang said the company planned to increase throughout to 4,000 tonnes per day from the current 3,000-3,300tpd and add a flotation circuit in order to increase the suite of metals produced. The upgrade will see the mine produce 240,000 ounces a year of gold, 600 tonnes per year of copper and 5,000tpy of zinc.Zijin completed the acquisition of Canadian junior Continental Gold in March 2020 for C$1.4...Read More
Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningSpot gold rose to US$1,867 an ounce while silver was up slightly and back above $25/oz.Cash copper lost 1.6% on the Lond...Read More
A summary of London Metal Exchange warrant premiums for the week to Wednesday November 17.Please click...Read More
Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningThe raisings aim to secure A$9.3 million, and are dominated by a $7.Read More
Traders selling Iran-origin steel billet were looking for new opportunities with the markets continuing to weaken in Asia, including China, which until earlier this year was the major outlet for Iranian semi-finished steel.Egypt removed its 10% safeguard duty on billet earlier this week and has begun to offer good opportunities for companies trading Iranian semis.Around 50,000 tonnes of billet wer...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe company has made a US$141 offer for a silver stream on the Blackwater project in British Columbia, Canada,...Read More
Argosy Minerals MD Jerko Zuvela speaks with Mining Journal's Ngaire McDiarmid about progress towards 2,000tpa lithium production starting in 2022 at Rincon in Argentina, along with the project's green credentials and the company's further lithium potential at Tonopah in the US.Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure minerals"There are some uncertainties on the demand side for copper," said Xu Yulong, deputy general manager of state-...Read More
Evolution gained a foothold in Ernest Henry in 2016 when it struck a A$880 million deal with Glencore to acquire 100% of the operation's gold production and 30% of its copper production over its defined reserve life of 11-years as well as 49% of production from new exploration from 2027 onwards.But Evolution will now assume full ownership and operational control of the copper-gold mine and will en...Read More
Base metals futures on the London Metal Exchange were largely lower at the 5pm close on Wednesday November 17, succumbing to a strong US dollar index and other headwinds.The US dollar index remained at its highest since July 2020, touching 96.27 during early trading before stepping back to 95.83 at the close."It seems that the upside momentum has stalled in several markets over the last 24 ho...Read More
Glencore has agreed to sell its entire stake in an Australian copper-gold asset while remaining as offtaker of its concentrates output, it said on Tuesday November 17.The Swiss commodity trader will sell its interest in Ernest Henry Mining Pty ltd (EHM) for A$1 billion (US$727 million) to Australian gold miner Evolution, it said.For the year ended June 2021, EHM produced 19,159 tonnes of copper co...Read More
Tight supply and steep backwardation on London Metals Exchange continued to support European premiums while China premiums retreated slightly amid increased arbitrage loss, and US premiums were stable in the week to November 16, Fastmarkets learned.European premiums strong while long term contact negotiations for 2022 ongoingChina premiums slid amid increased arbitrage lossUS premiums unchanged wi...Read More
Rio Tinto is to add capacity at its AP60 aluminium smelter in Quebec, increasing output by 45% in the first major investment in Canada's smelting production hub in a decade, the company said.The mining company plans to spend $87 million to increase its low-carbon aluminium production at the smelter by adding 16 new smelting cells, boosting annual production by 26,500 tonnes to 86,500 tonnes.The ne...Read More
Chinese metals production and processing group Daye Nonferrous will postpone the start of operations at its new double-flash copper smelter for six months because of a lack of essential buiding components that have been sourced from overseas, Fastmarkets has learnt.The 400,000 tonnes per year project in Huangshi, close to Wuhan, was scheduled to come online by the end of this year, but commissioni...Read More
RAPAPORT... Petra Diamonds will offer a pink rough weighing 32.32 carats at its first tender of goods from the Williamson mine in Tanzania since resuming operations at the site.The sale will take place in Antwerp from November 19 to 26, the company said Tuesday. A parcel of around 26,000 carats - including the pink stone of "exceptional color and clarity" - is available to customers, the mine...Read More
RAPAPORT... US retail sales rose in October as consumers began holiday shopping earlier to avoid shortages amid supply-chain disruptions, the National Retail Federation (NRF) said. Revenue grew 1.7% versus the previous month and jumped 16% over the same period a year ago, according to data the US Census Bureau reported Tuesday. That compares to a 0.8% month-on-month increase in September."October'...Read More
RAPAPORT... Alrosa plans to increase its rough-diamond output next year as new mining resources come onstream, enabling it to address the market's supply shortages amid strong demand.The company expects to produce around 33 million to 34 million carats in 2022, up to 5% more than this year, executives said last week in an investor call. Given the industry's low inventory levels, it's likely t...Read More
Aluminium market participants in Europe have reported growing concerns over the possible implications for the production of secondary aluminium ingot DIN226 after a recent fire at the Befesa salt slag treatment plant in Hanover, Germany, on November 5.A fire broke out at the plant in Brinker Hafen on that date, and was reported to have caused millions of euros-worth of damage."We are working acros...Read More