Recent News

Nevada lithium developer aiming for 2021 production...

June 07, 2018 / www.mining-journal.com

As part of the prefeasibility study currently underway, the company has confirmed it will use sulphuric acid leaching to extract lithium and boron from crushed rock into a pregnant leach solution.Read More

Polyus makes compelling Sukhoi Log case

June 07, 2018 / www.mining-journal.com

The Sukhoi Log scoping study has arrived just over a year after Polyus took over majority control of the project.Read More

Data: SHFE, DCE market movement (Jun 7)

June 07, 2018 / news.metal.com

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Environmental review in Jiangxi to affect production of blister copper

June 07, 2018 / news.metal.com

SHANGHAI, Jun 7 (SMM) – Some 15,000 mt of blister copper output will be affected in Jiangxi province as inspection teams from the central government settled in the province on Friday June 1, SMM estimates. The inspection, scheduled for a month, will review the province's previous rectifications. Blister copper production capacity across smelters in Jiangxi t...Read More

Denison outlines busy summer drilling plans at Wheeler...

June 07, 2018 / www.mining-journal.com

An ambitious 20,500m drilling campaign spread over 28 holes will test high-priority regional targets outside of the immediate Gryphon resource area will get underway this week. The campaign would also follow up on high-grade mineralisation and test geophysical anomalies on geologically favourable trends, the company said on Wednesday.Read More

SMM Morning Comments (Jun 7)

June 07, 2018 / news.metal.com

SHANGHAI, Jun 7 (SMM) –Copper: Copper prices extended their gains overnight. LME copper managed to stand above the $7,200/mt level and hit the highest level in three and a half months. The SHFE 1808 contract broke the 54,000 yuan/mt level with positive technical indicators. As the US dollar weakened and without further development in the Chile Escondida labour negotiation, copper prices...Read More

FMG acquires stake in Atlas Iron

June 07, 2018 / www.mining-journal.com

The company said this morning that it had paid A4c (US3c) per share for a 15% stake in Atlas.Read More

Graphite player seeks A$6M

June 07, 2018 / www.mining-journal.com

According to a term sheet, Hexagon is aiming to place around 32 million shares at A19c per share to raise at least $6 million, but the company will consider placing an additional $1 million depending on interest.Cornerstone support has already been secured.The issue price for the placement is 19c per share, an 8% discount to the 10-day volume-weighted average price of Hexagon shares.Foster Stockbr...Read More

URANIUM: Denison outlines summer drilling for Wheeler River

June 07, 2018 / www.canadianminingjournal.com

Wheeler River basement geology and summer 2018 regional uranium targets. (Image: Denison Mines)SASKATCHEWAN - Toronto-based Denison Mines Corp. has outlined its 20,500-metre summer 2018 drilling program for the Wheeler River uranium property in the Athabasca Basin. The project is owned 63.3% by Denison, 26.7% by Cameco Corp. and 10% by JCU (Canada) Exploration Co.The first target is K-North to fol...Read More

Goldcorp sinks $1M into #DisruptMining 2018 winner...

June 07, 2018 / www.mining-journal.com

As part of the deal, Newfoundland-based technology start-up Acoustic Zoom will deploy a $150,000 pilot programme this summer at Goldcorp's Red Lake gold mines, in Ontario.Acoustic's innovative seismic technology impressed judges during a March gala event held on the fringes of the 2018 Prospectors & Developers Association of Canada's yearly convention, in Toronto, garnering the top prize.The f...Read More

DAILY SCRAP REPORT: Prices climb as Turkish mills book more scrap for July

June 07, 2018 / www.metalbulletin.com

Turkish steel producers continued their deep-sea scrap purchases for July deliveries on Thursday June 7, with prices increasing slightly.A steel mill in Northern Turkey booked a US cargo, comprising 34,000 tonnes of HMS 1&2 (80:20) at $347 per tonne and 8,000 tonnes of shredded at $355 per tonne cfr.Another steel mill in the Izmir region booked a Baltic Sea cargo,...Read More

EGYPT STEEL BILLET, REBAR: Weak demand sees billet import prices narrow, domestic rebar steady

June 07, 2018 / www.metalbulletin.com

Imported steel billet prices narrowed but domestic rebar prices were unchanged in Egypt this week because of limited demand, sources told Metal Bulletin on Thursday June 7.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on June 7 was unchanged at E ?12,525-12,528 ($699-700) per tonne ex-works.The country's rebar biggest producer, Ezz Steel,...Read More

Rio has stayed too long at Grasberg

June 07, 2018 / www.mining-journal.com

Rio or RTZ as it has been there since 1995, having beaten what was its Australian-listed subsidiary CRA to the punch when Freeport went looking for funds to finance the development of Grasberg (grass mountain) after having first tamed the wild region with the development of the nearby Ertsberg (ore mountain) mine.Read More

"We need to think about talent management in the digital...

June 07, 2018 / www.mining-journal.com

He was one of the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" which will be published later this month.Kerr, 47, said technology could create new employment opportunities and that presented new challenges."We need to think about talent management in the digital age, as the nature of work is set to change dramatically," he to...Read More

Rapaport Weekly Market Comment

June 07, 2018 / www.diamonds.net

JCK show sees fewer participants, but tradingreflects healthy US market. Big jewelry brands and top-tier independentsadjusting to dynamic retail environment and enjoying 2018 growth. Suppliersmaintaining stable prices, with 1 ct. RAPI -0.2% in May. De Beers' entry intolab-grown diamonds dominates discussions at the show, with industry largelysupporting the move to disrupt the synthetics market. Fo...Read More

Martin Rapaport Tackles Industry Challenges in Vegas

June 07, 2018 / www.diamonds.net

RAPAPORT... Martin Rapaport, Chairman of the Rapaport Group, gave his annual "State of the Diamond Industry" address in Las Vegas on Sunday, outlining his concerns about the supply side of the market. "Not only must you know where your diamonds are coming from, but you must also know where your money is going," he told the sold-out audience of more than 730 jewelers and diamantaires at the JC...Read More

COPPER SEMINAR: Demand prospects supportive for copper market

June 07, 2018 / www.metalbulletin.com

Healthy copper demand will persist, supported by growth in emerging economies and the metal's application in the growing electric vehicle market, according to panelists at Metal Bulletin's fourth annual copper seminar on Wednesday June 6.Copper prices have trended upward this year, driven in large part by the metal's varied applications across several industries.American Metal Market's assessment...Read More

Chinese Recovery Spurs Chow Tai Fook Growth

June 07, 2018 / www.diamonds.net

RAPAPORT... Chow Tai Fook's sales and profit rose during the fiscalyear, amid a recovering Chinese market and increased tourism to Hong Kong,the retailer said Thursday. Group sales grew 15% to $7.54 billion (HKD 59.16 billion)for the year that ended March 31. Retail sales in mainland China jumped 16% to $3.58billion (HKD 28.1 billion), while revenue from Hong Kong and Macau climbed 7%to $2.63 bill...Read More

'Diamonds Do Good' Awards See Record Results

June 07, 2018 / www.diamonds.net

RAPAPORT... The Diamond Empowerment Fund (DEF) said it hosted its mostsuccessful award show to date, raising funds to provide higher education toyouth in diamond-producing countries. The event's new Balloons For Good appeal, which was emceedby awards chair and Hearts on Fire president Caryl Capeci and JCK news directorRob Bates, helped the group raise additional capital. The DEF's goal is to urge...Read More

COPPER SEMINAR: Many obstacles to Cu mine development - panel

June 07, 2018 / www.metalbulletin.com

Copper mine development is becoming increasingly difficult due to a range of factors, according to industry participants, and during a time when more supply is needed to meet a looming deficit.The global market is expected to fall into a deficit in the coming years due to lack of exploration stemming from stubbornly low prices. According to the International Copper Study Group, the global copper m...Read More

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