IAEA Director General Yukiya Amano commended efforts by Pakistan to increase nuclear safety and security as the country works to triple its nuclear power capacity. Mr Amano was also briefed on the use of nuclear technology in health care and agriculture. Mr Amano was in Pakistan on 12-14 March.In Karachi, at the site of the KANUPP nuclear power plant, Mr Amano observed work on the construction of...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday March 15, apart from zinc and lead.A stronger dollar and a hesitant market saw copper and nickel both fall significantly, with the three-month copper price closing $68.50 per tonne lower. The red metal is finding it hard to push back and stabilize above $7,000 per tonne and has undone all of Wednesday's gain...Read More
Pakistan is ready to strengthen its relationship with the International Atomic Energy Agency (IAEA), the country's prime minister, Shahid Khaqan Abbasi, told IAEA Director General Yukiya Amano this week. Amano commended Pakistan's efforts to increase nuclear safety and security. Prime Minister Abbasi, on the right, receives Yukiya Amano on 12 March (Image: PMO)According to the Prime Minister's Off...Read More
Major international mining companies operating in the Democratic Republic of Congo (DRC) have resigned from the country's Chamber of Commerce ahead of a month of talks with the government to resolve their dispute over the new mining code. A legal and technical team representing Randgold Resources, AngloGold Ashanti, Glencore PLC, Ivanhoe Mines, Gold Mountain International/Zijin Mining Group, MMG (...Read More
Technical analyst Brian Hoffman gives his advice on eight precious metals mining stocks and an exchange traded fund that tracks the share price movements of the big precious metals miners. North American stock markets have continued to move higher. Although they're overbought from a technical perspective, the continued flight of overseas capital to the perceived safety of North American stocks, co...Read More
First Light Fusion (FLF) is investing GBP3.6 million (USD5.0 million) building what it says will be the only pulsed power machine of its scale in the world dedicated to researching fusion energy. The Oxford, England-based company said on 12 March it expects to commission the device - Machine 3 - by the end of this year.A rendering of Machine 3 (Image: First Light Fusion)FLF aims to achieve 'gain'...Read More
Comex copper prices reversed lower on the morning of Thursday March 15 in the United States amid general hesitancy from traders and a stronger dollar.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped by 4.55 cents or 1.4% to $3.113 per lb. Yesterday, the contract reached a two-week high at $3.192 per lb."The limited rebound indicates that traders remain ske...Read More
(Note: with apologies to Carl Reiner and Steve Martin, who directed and co-wrote "The Jerk," respectively)Just when you thought Trump's "leadership" could not get any more insane, he adds a third ring to the circus going on at 1600 Pennsylvania by hiring "economist," Larry Kudlow to be the head of his economic advisors.For those of you not familiar with financial market history beyond the last 10...Read More
Norwegian ferro-silicon producer Finnfjord Smelteverk will cut about 5,000 tonnes of production between April and June of this year because of planned maintenance to its furnaces, according to an industry source.The company, which has its plant in the north of the country, operates three furnaces, one with capacity for 20,000 tonnes per year and two with capacities for 40,000 tpy."Maintenance shou...Read More
A junior precious metals miner and iron ore producers were among those to gain on global equities markets.Staff reporterJunior miner, iron ore producers gain15 MARCH 201815/03/2018commentsshareJunior North American miner Klondex Mines (CN:KDX) was the big mover on the S&P/TSX Composite Index's gold sector, up 6.49%, as it promised to learn from its 2017 challenges and move forward.President an...Read More
Spot prices for European molybdic oxide and ferro-molybdenum have eased in Metal Bulletin's midweek assessment, with dealers booking profits after a market rally for much of the year to date.Market participants expect the move to persist in the near term, with lower spot prices already being offered and expected to be booked soon, they said.Oxide prices have dropped on around 140 tonnes of reporte...Read More
Spot prices for European molybdic oxide and ferro-molybdenum have eased in Metal Bulletin's midweek assessment, with dealers booking profits after a market rally for much of the year to date.Market participants expect the move to persist in the near term, with lower spot prices already being offered and expected to be booked soon, they said.Oxide prices have dropped on around 140 tonnes of reporte...Read More
Inca OneInca One Gold (IO.V) has processed 2,018 tonnes (72 tpd) of ore-bearing material at the Chala One processing plant in Chala, Peru. That's a substantial 33% increase compared to the 1,522 tonnes per day in the same month last year. This resulted in the production of 'just over' 910 ounces gold, which is an all time high for this short month and 10% higher than the gold production in January...Read More
BHP has invited unions representing workers at Escondida, the world's largest copper mine, to high-stakes labor contract talks that were originally set to commence on June 1, the union said."The union has summoned partners this and next week, to discuss the invitation and decide whether to accept or reject it," the Union No. 1 said in a statement.BHP...Read More
A tailings dam wall failure will likely hinder Newcrest Mining (AU:NCM) hitting its full-year guidance at the Cadia mine in New South Wales, Australia.Kristie BattenThe tailings dam wall failure at Newcrest's Cadia mine started last week15 MARCH 201815/03/2018commentsshare Speaking to investors on Thursday morning, managing director Sandeep Biswas said the company was extremely disappointed th...Read More
Argentina Lithium & Energy (LIT.V) has expanded its project portfolio with the most recent acquisition of 14,000 hectares of land on the Salar de Antofalla in Argentina's Salta province. The acquisition will happen in two parts; a first 9,000 hectares have been staked whilst Argentina Lithium has entered into an option agreement to earn a 100% stake in an additional 5,300 hectares.The exact de...Read More
The London Metal Exchange is modifying its technology to allow it to launch multiple contracts at once, something it plans to do at the end of the year, according to the exchange's chief executive officer. Matthew Chamberlain said that the move, designed to add a level of dynamism to the LME's systems, would delink the launch of new contracts from the release of new technology. The exchange is the...Read More
Adit 1 at US Cobalt's Iron Creek Cobalt Project in Idaho after rehabilitation. Source: US Cobalt Inc.Under the terms of an arrangement agreed to by both companies, all of US Cobalt's issued and outstanding shares will be exchanged on the basis of 1.5 First Cobalt common shares for each US Cobalt shares.The exchange ratio represents a 61.8% premium to US Cobalt's closing price and a 58.5% premium b...Read More
Mint Corporation (TSXV:MIT) currently provides employers with automated payroll services and a proprietary Automated Teller Machine network for unbanked employees in the United Arab Emirates (UAE)SmallCapPower | March 15, 2018: Mint Corporation (TSXV:MIT), on Thursday, March 15, 2018, announced that, due to strong interest from prospective partners in both emerging and mature markets, that it has...Read More
Major international mining companies operating in the Democratic Republic of Congo (DRC) have resigned from the country's Chamber of Commerce ahead of a month of talks with the government to resolve their dispute over the new mining code. A legal and technical team representing Randgold Resources, AngloGold Ashanti, Glencore PLC, Ivanhoe Mines, Gold Mountain International/Zijin Mining Group, MMG (...Read More