NEW DELHI – India is seeking rights to mine for gold and diamonds in Russia's resource-rich Far East, Trade Minister Suresh Prabhu told Reuters on Tuesday.Prabhu last week led an Indian delegation to attend the St. Petersburg International Economic Forum.AdvertisementIndia seeks to import gold and diamonds for value-addition before exporting them, the Minister said.To watch Creamer Media...Read More
Bezant said Tuesday the project's mineral production sharing agreement had been renewed to April 2020, subject to customary conditions, such as stakeholder engagement and work programme commitments. The company previously sold its Choco platinum-gold project in Colombia to Auvert Mining for US$500,000 in April to focus on building value from its copper-gold assets, including Mankayan an...Read More
RAPAPORT... De Beers will begin selling laboratory-grown diamonds undera new fashion-jewelry brand, promising to transform the synthetics sector byoffering pieces at low cost.The company has launched Lightbox Jewelry, which will beginmarketing a new brand of lab-grown diamond jewelry in September, it saidTuesday. Diamonds from Lightbox will retail from $200 for a 0.25-carat stone to$800 for 1 cara...Read More
Brinsden told the Resources Rising Stars conference in Queensland, Australia, that the A$284 million Pilgangoora lithium-tantalum project in the Pilbara was close to commissioning."At Pilgangoora, it's action stations," he said."We're right on the cusp now of production."All of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganf...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 15 points in pre-opening trade. Investors are responding to growing political instability in Italy. Netflix added $0.04 to $351.33 after MKM Partners raised its target price on the stock to $390 from $320. Bank of Nova Scotia (BNS $79.94 Cdn) is expected to open higher after reporting higher than consensus fiscal seco...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.FS Insider recently interviewed Chris Puplava, CIO of Financial Sense Wealth Management, to discuss the bonanza in stock buybacks by US companies, why risks are brewing for emerging markets, and how we now see an inversion in the "private" yield curve, which has flagged financial troubles in the past.Emerging Market Ri...Read More
SHANGHAI, May 29 (SMM) – Nonferrous metals futures rose across the board on Tuesday May 29 except for SHFE aluminium. SHFE tin soared 3.7% and hit the highest level in one and an half years at 155,140 yuan/mt. SHFE nickel jumped 2.8% and finished the day at a three-year high at 112,880 yuan/mt. SHFE lead and zinc rose over 1% with copper slightly up.The ferrous complex also rose across the b...Read More
SHANGHAI, May 29 (SMM) – Nonferrous metals futures rose across the board on Tuesday May 29 except for SHFE aluminium. SHFE tin soared 3.7% and hit the highest level in one and an half years at 155,140 yuan/mt. SHFE nickel jumped 2.8% and finished the day at a three-year high at 112,880 yuan/mt. SHFE lead and zinc rose over 1% with copper slightly up.The ferrous complex also rose across the b...Read More
SHANGHAI, May 29 (SMM) – Nonferrous metals futures rose across the board on Tuesday May 29 except for SHFE aluminium. SHFE tin soared 3.7% and hit the highest level in one and an half years at 155,140 yuan/mt. SHFE nickel jumped 2.8% and finished the day at a three-year high at 112,880 yuan/mt. SHFE lead and zinc rose over 1% with copper slightly up.The ferrous complex also rose across the b...Read More
Three-month base metals prices on the London Metal Exchange were for the most part stronger on the morning of Tuesday May 29, with gains averaging 0.8%, except aluminium where prices are off 0.1%, while copper prices are up 0.3% at 46,879 per tonne. Volume on the LME has been high, with 10,305 lots traded as of 6:59am London time. This follows a general day of weakness on Friday, when all the meta...Read More
SHANGHAI, May 29 (SMM) – Copper: The SHFE 1807 contract mostly hovered above the daily moving average at 51,200 yuan/mt last night but jumped to a high of 51,470 yuan/mt near closing as investors cut their shorts. It closed slightly lower from last Friday night with pressure from a stronger US dollar. We see it trading at 51,300-51,650 yuan/mt today with support at 51,300 yuan/mt. LME c...Read More
SHANGHAI, May 29 (SMM) – While the SHFE 1807 zinc contract saw three consecutive days of increase and closed 260 yuan/mt higher at 51,710 yuan/mt on Tuesday May 29 due to declining social inventory, a downward turn may be in sight.This is due to sluggish downstream demand from galvanising plants despite stable orders across zinc die-casting alloy producers, market participants told SMM....Read More
SHANGHAI, May 29 (SMM) – Spot copper was mostly offered at a discount of 80-20 yuan/mt to the SHFE 1806 contract on Tuesday May 29 in the Shanghai market. This compared with a discount of 90-20 yuan/mt on Monday May 28.The SHFE 1806 contract gained nearly 300 yuan/mt to a high of 51,560 yuan/mt in the morning. Transaction liquidity was down from the previous day as sellers were unwillin...Read More
Energold's share price was up 1.28% Monday to C40c at the close, capitalising the company at C$21.6 million. The shares hit a 12-month low of 32c last December and have traded at 53c during the period.President and CEO Fred Davidson said the mineral drilling division was expected to continue to show improvement over the balance of 2018."The company's order book remains strong, especially in parts...Read More
SHANGHAI, May 29 (SMM) – Copper: The SHFE 1807 contract mostly hovered above the daily moving average at 51,200 yuan/mt last night but jumped to a high of 51,470 yuan/mt near closing as investors cut their shorts. It closed slightly lower from last Friday night with pressure from a stronger US dollar. We see it trading at 51,300-51,650 yuan/mt today with support at 51,300 yuan/mt. LME c...Read More
SHANGHAI, May 29 (SMM) – Copper: The SHFE 1807 contract mostly hovered above the daily moving average at 51,200 yuan/mt last night but jumped to a high of 51,470 yuan/mt near closing as investors cut their shorts. It closed slightly lower from last Friday night with pressure from a stronger US dollar. We see it trading at 51,300-51,650 yuan/mt today with support at 51,300 yuan/mt. LME c...Read More
May 29, 2018 - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC” or the “Company”) is pleased to announce that it has closed a $4,534,020 private placement, which consisted of the sale of 7,556,700 flow-through shares at a price of $0.60 per share. The oversubscribed financing was originally announced as a $3,000,000 private placement on May 9, 2018.The proceeds raised from the sale...Read More
CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to provide analytical results for the remaining 12 re-sampled trenches on its 100% owned Mineral Mountain copper project located near Florence, Arizona (see news release dated April 30, 2018). Highlights from the sampling program...Read More
The company said it was working with state and federal authorities to provide safe access to the mine.Read More
The group said resource industries were the backbone of Ontario's economy but the regulatory and financial burden associated with the sector was threatening its competitiveness.They want the incoming government to consider addressing the red tape and cost burden, energy costs, skills training, build capacity in Aboriginal communities and support Northern Ontario infrastructure.The group's members...Read More