The technology is proven, the economics compelling, and better safety outcomes guaranteed, but there is no mad rush to the autonomous machines helping to transform mining in Western Australia's Pilbara region, and other parts of the world. The "death of the manual mine" is a long way off, and may never actually happen, delegates at the Future of Mining Sydney conference heard this week.Richard Rob...Read More
A leading mining technology investment advisor says there has never been a better time to invest in the sector.Kristie Batten* The Atrico team, led by Ivan Gustavino (front)16 MAY 201816/05/2018commentsshareAtrico is a corporate advisory firm with a focus on mining technology firms.Co-founder and managing director Ivan Gustavino was a founding shareholder of mining software player Surpac and has b...Read More
On Mother's Day, workers at a Cheesecake Factory in Miami, Florida, threatened a man and verbally attacked him for daring to wear a hatContinue...Read More
Investing.com - Gold prices fell to one week lows on Tuesday as rising U.S. Treasury yields dampened investor demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.60 or 0.58% to $1,310.60 a troy ounce by 03:59 AM ET (07:59 AM GMT), the lowest since May 8.The yellow metal slid as the yield on 10-year U.S. Treasury notes...Read More
4 Things to Know in the Markets Via: @BrianSozzi With cannabis stock valuations well off their record highs, Aurora's (ACBFF) $2.5 billion deal to buy MedReleaf Corp. is unlikely the last in the space this year.TheStreet's sister publication, The Deal, first reported Monday after noon that Paul Singer's Elliott Management is liquidating or has liquidated its position in Taubman Cente...Read More
KPMG mining strategy national lead and program director of the KPMG Energise accelerator Ashley Brown led a panel session at METSStocks Sydney, part of the inaugural Future of Mining conference, where panellists including Petra Data Science managing director Penny Stewart and Project 412 CEO Paul Lucey outlined the biggest barriers to growth in the mining, equipment, technology and services (METS)...Read More
Global financial advisory firm BDO, in a report on future mining trends earlier this year, suggested technology that could boost mining output by 15-20%, take big bites out of fuel and maintenance costs, and improve mining safety "exponentially" would inevitably - and quickly - make its way into most mines."By 2020, robots will replace more than 50% of miners, and mining accidents will be cut by 7...Read More
Investing.com - Gold prices fell to one week lows on Tuesday as rising U.S. Treasury yields dampened investor demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.60 or 0.58% to $1,310.60 a troy ounce by 03:59 AM ET (07:59 AM GMT), the lowest since May 8.The yellow metal slid as the yield on 10-year U.S. Treasury notes...Read More
The latest news and price moves to start the Asian day on Wednesday May 16.Base metals prices on the London Metal Exchange were mixed again at the close of trading on Tuesday May 15, with aluminium and zinc rising while copper, lead and tin declined. Read more our live futures report.Here are how prices looked at the close of trading:Meanwhile, the new and tighter global regulatory environment has...Read More
Last week index score: 45.85 (updated) This week: 25.90Prospero Silver (TSX-V: PSL) and Fortuna Silver Mines (TSX:FVI) amended their strategic financing agreement and amended the 2018 work program in Mexico.NuLegacy Gold (TSX-V: NUG) began drilling on its Red Hill in the Cortez gold trend of Nevada.Zinc One Resources (TSX-V: Z) announced additional drill results from the Mina Grande Sur zone at it...Read More
Gold's latest pullback, which sees it down by just over 1% for the year to date, has created an opportunity for investors despite a firmer U.S. dollar and increased global economic growth, thereby signaling choppy times ahead for the precious metal. This is because geopolitical and economic risks across the globe remain high. It would only take one frightening incident to push gold higher yet agai...Read More
Rosatom, the Russian state nuclear corporation, yesterday signed a series of agreements with overseas companies during the Atomexpo conference and exhibition being held this week in Sochi, Russia. The agreements, with Chile, China, Cuba, Finland, Hungary, Iran, Italy, Kazakhstan, Saudi Arabia, Serbia, Spain and Zambia, include the engineering and medical sectors, among others.Signing of the MoU be...Read More
Base metals on the London Metal Exchange recorded mixed figures at the close of trading on Wednesday May 16, with low volumes traded and broad consolidation in effect across the complex amid a surging dollar. Climbing 0.3% during the afternoon, nickel's three-month price continues to find support above $14,000 per tonne, reaching a high of $14,635 per tonne today. Nickel's core support from t...Read More
The International Atomic Energy Agency (IAEA) has completed a three-year project to revamp its safeguards information technology system to be more effective in its work to ensure the peaceful uses of nuclear technology. IAEA safeguards are a set of technical measures to help prevent the non-peaceful use of nuclear material and technology.The EUR41 million (USD48 million) Modernisation of Safeguard...Read More
Comex copper prices experienced minor buying during midweek trading on Wednesday May 16 morning in the US, with little to push the market in either direction.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched up 0.50 cents or 0.2% to $3.0610 per lb. "In the short term, we envisage LME copper prices to continue consolidating within the converging...Read More
Lower-than-expected mined zinc output and smelter maintenance in China will support the zinc price to stay above $3,000 per tonne this year, according to the leading zinc smelter at LME Week Asia."At the beginning of this year, the industry thought there would be a 120,000 tonnes of growth in mined zinc output, but now it's unlikely. The suspended small mines were not coming back and the grades at...Read More
A shift to a monthly European ferro-chrome benchmark or an index based on a number of regional markets are some ways the negotiated contract figure could be improved to bring more stability and keep it relevant in a sometimes volatile market, ferro-chrome participants told Metal Bulletin.The role of the quarterly European ferro-chrome benchmark is set to continue in the short term, according to so...Read More
Tharisa has acquired a 90% stake in Salene Chrome Zimbabwe Ltd for an undisclosed sum, the South African chrome producer announced on Wednesday May 16.The company acquired the holding from the Leto Settlement Trust, which has family links to Tharisa chief executive officer Phoevos Pouroulis and is the beneficial shareholder of Tharisa's major shareholder, Medway Developments Ltd. Leto will keep a...Read More
Lower-than-expected mined zinc output and smelter maintenance in China will support the zinc price to stay above $3,000 per tonne this year, according to the leading zinc smelter at LME Week Asia."At the beginning of this year, the industry thought there would be a 120,000 tonnes of growth in mined zinc output, but now it's unlikely. The suspended small mines were not coming back and the grades at...Read More