She has 13 years' experience as a solicitor in markets relevant to the recently listed Panthera's activities and the company said it would benefit from her corporate management experience, including financing, strategic investment, project management, debt financings, asset sales and takeover defence.Apthorpe was selected as one of the Top 100 Global Inspirational Women in Mining due to her leadin...Read More
SHANGHAI, Jun 11 (SMM) – Nonferrous metals saw mixed trading on Monday June 11. SHFE nickel led losses and closed 0.79% lower. Tin dipped 0.52%, and aluminium inched down. Zinc, lead, and copper went up slightly.The ferrous complex gained for the most part. Iron ore rose 0.64%. Rebar and hot-rolled coil inched up, while coking coal lost 0.76% and coke edged down.Copper: The SHFE 1808 contrac...Read More
Los Andes closed the first tranche in early May, issuing 7.87 million units to RCF VI at 33c each for gross proceeds of C$2.6 million (US$2 million).Read More
SHANGHAI, Jun 11 (SMM) – Spot copper was mostly offered at a discount of 60 yuan/mt to flat to the SHFE 1806 contract in the Shanghai market on Monday June 11. This compared with a discount of 60-20 yuan/mt on Friday June 8.The SHFE 1806 contract strengthened this morning. It gained 260 yuan/mt to close at 53,800 yuan/mt in the morning trading session. Prices of the 1806 contract remained 20...Read More
SHANGHAI, Jun 11 (SMM) – Sales of new-energy passenger vehicles in China amounted to over 92,000 units in May, up 140% year on year and up 30% month on month, according to wholesale data from China Passenger Car Association (CPCA) released on Friday June 8.In May, sales of pure electric passenger vehicles rose 130% from a year ago and stood at 73,072 units. Sales of plug-in hybrid elect...Read More
Beowulf Mining is working in both Sweden and Finland. CEO Kurt Budge remains upbeat about the company's progress, despite ongoing problems advancing the Kallak magnetite iron ore project in Sweden's north.Read More
SHANGHAI, Jun 11 (SMM) –Copper: LME copper hit a high of $7,333/mt last Friday as the SHFE inventories fell and as China’s May imports of unwrought copper and copper products surged 22% year on year. It then edged down slightly before closure. The SHFE 1808 contract was bolstered by longs to close at 54,420 yuan/mt from a low of 54,210 yuan/mt. Open interest of SHFE copper rose over 14...Read More
Once the agreement goes through, Kefi will own 54% of Tulu Kapi, with the syndicate holding 23% and Ethiopia's government holding the remaining 23%.Read More
It placed 1.15 billion ordinary shares at 0.013p per share, with 20% shareholder Suay Chin International subscribing £1.2 million for another 923.1 million shares, bringing its total shares in Kodal to 2.2 billion, representing 29% of the issued share capital.The subscription shares will be issued and admitted to trading on AIM after receipt of the proceeds from Suay Chin by 6 July.The remai...Read More
The Sage uranium deposit is believed to have vanadium grades of up to 1.5%, among the highest in the world.Average vanadium oxide prices rose to about US$13.60/lb in the first quarter of this year, up 164% year-on-year.Sage, which previously produced in 1990, features 94 unpatented mining claims.A 2011 technical report put historic resource estimates of about 4.8 million pounds of vanadium at an a...Read More
The company agreed to buy the Yukon's only operating mine from Capstone Mining in February for $37.5 million in cash and 9.9% of its equity.At the time it suspended the trading of its shares and said it wanted to raise $50 million in equity to fund the acquisition, working capital and resource development work to boost the mine life.It said the $30 million prepayment facility would be available im...Read More
RAPAPORT... Polished-diamond imports to the US rose 1% to $5.29 billionin the first quarter, according to government data. By volume, polished imports slid 7% to 2.3 million carats,while the average price of imports climbed 8% to $2,320 per carat. Polished exports, meanwhile, jumped 10% to $5.05 billion,causing net polished imports - the excess of imports over exports - to slide63% to $247 million...Read More
RAPAPORT... China has reduced import duty on 18 jewelry categories byreclassifying them as everyday consumer goods, according to the GuangzhouDiamond Exchange.The Customs Tariff Commission of the State Council has cutthe rate by an average of 68% across those categories, Liang Weizhang, generalmanager of the bourse, told Rapaport News Sunday. The new rates will go into effect on July 1."This is th...Read More
Garofalo said the commercialisation process stemmed from pursuing the best technological solutions for each of its projects.He shared his perspective on transformation and an insight into the company's progress for the "Mining Journal Global Leadership Report: Preparing for transformation" being published later this month."We have a robust technical services team and technological team; we have 20...Read More
RAPAPORT... Sales at specialist jewelry stores in the US increased 14%year on year to $2.49 billion in March, according to data from the nation'sCensus Bureau. The rise in revenue - which is not adjusted for seasonalfluctuation - comes despite a 2% drop in consumer confidence for themonth, according to the Conference Board, an economic data provider. Thatmeasure had hit an 18-year high in February...Read More
The move comes days ahead of the DRC Mining Week expo and conference being held in Lubumbashi from Wednesday, where Randgold Resources CEO Mark Bristow is slated to speak.Randgold (LSE: RRS) has been at the forefront of the mining delegation pushing for changes to the code, which is set to increase royalties, introduce a super profits tax and remove a 10-year amnesty on new rules for existing mine...Read More
The Chinese domestic ferro-silicon market increased on expected tighter supply, with producers encountering environmental checks that could cut production in coming weeks, while the European market has been stable in June, ahead of the third-quarter delivery settlements conclusion between alloy suppliers and consumers in the steel sector. China adds to price gains on supply worries Could bec...Read More
JOHANNESBURG (miningweekly.com) – Deputy Mineral Resources Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate economic-growth-generation through local beneficiation.Oliphant, who wa...Read More
RAPAPORT... Two men stole a 20-carat diamond from an exhibitor's boothat the JCK Las Vegas trade show, the Jewelers' Security Alliance (JSA) saidlast week. The men (pictured) were able to slide open an unlockeddisplay case on June 2 while employees were not looking, the organization alleged. One man then sat down at thebooth and began speaking with an employee, while the second placed a catalog on...Read More