After the US slapped penalties on United Co. Rusal, American officials have sent conflicting signals about whether fresh sanctions will be imposed on other companies owned by oligarchs, such as Norilsk Nickel. The miner controls about 40% of the world's palladium market. The turmoil sent prices for the
Underground mining cost per tonne in the first quarter decreased to US$39 compared to US$56 in the same period in 2017. Total tonnes milled increased to 1,021,147 in the quarter compared to 458,382 tonnes in the first quarter of 2017, reflecting the return to full-time milling, supplemented by increased
Underground ore mined at LDI was almost 570,000 tonnes at an average palladium grade of 3.3 grams per ton. The increase in ton mined is a result of the company's transition to the sublevel shrinkage mining method in the lower Offset South zone as well as returning to milling the lower grade resources in
Broadway Gold Mining Ltd. (TSXV:BRD) is pleased to announce the appointment of Mr. Thomas A. Smeenk, BA, as President and Chief Executive Officer ("CEO") of the Company, effective May 1, 2018. Mr. Duane Parnham will continue to serve as a director of the Company, providing strategic guidance
Underground mining cost per tonne in the first quarter decreased to $39 compared to $56 in the same period in 2017. Total tonnes milled increased to 1,021,147 in the quarter compared to 458,382 tonnes in the first quarter of 2017, reflecting the return to full-time milling, supplemented by increased
Norilsk's largest shareholder, Russian billionaire Vladimir Potanin, said in an interview with Rossiya 24 TV on Tuesday that he did not rule out a further escalation in the sanctions more broadly, but that the company's metals production was in high demand. Palladium, primarily used in catalytic converters,
The RSI (relative strength index) level of the gold-palladium spread was 25.7 on April 26, indicating that there could be a possible oversold situation and the spread measure could soon rise. A rise in the spread means that palladium could gain strength relative to gold. Mining companies also closely react
North American Palladium Ltd. (TSX:PDL) (OTC PINK:PALDF) is a Canadian company with over 20 years of production at Lac des Iles mine, located northwest of Thunder Bay, Ontario. North American Palladium is the only pure play palladium producer in the world. With over 500 employees, Lac des Iles
Palladium is the next-best performer on the chart and the overall five-year results are not inspiring. The palladium price has, however, climbed 97 per cent from a February, 2016, low. The palladium price faces hurdles in the short term as South African mines continue to increase production and some auto
Furthering their role as precious metals, platinum, palladium, and rhodium are minted into coins and bars for investment purposes. Platinum is currently selling for around US$930 per ounce; palladium is at about US$1,030/oz; and rhodium is fetching roughly US$1,930/oz. With only one PGE mining
QUEBEC - Midland Exploration of Montreal is resuming exploration at its Laflamme nickel-copper-platinum group metals project 25 km northwest of Lebel-sur-Quevillon in the Abitibi region. This year's program includes a squid-type electromagnetic survey of the Copernick zone discovered in the spring of
Japan Oil, Gas and Metals National (JOGMEC) has signed a memorandum of understanding (MoU) to transfer part of its interest in the Waterberg joint venture (JV) project in the Bushveld Complex of South Africa to trading firm Hanwa. The palladium, platinum, gold, rhodium (PGM), copper and nickel
FILE--In this June 7, 2013, fie photo provided by the U.S. Geological Survey, scientists, from left, Christine Dowling, Adam Benthem, and David Naftz collect soil samples on the Canyon Mine property in Arizona. More than a quarter of the way into a 20-year ban on the filing of new mining claims around the
Bunker Hill Mining Corp. (CSE:BNKR) ("Bunker Hill" or the "Company") is pleased to report that the United States Environmental Protection Agency ("EPA"), and the United States Department of Justice, have signed an agreement with Bunker Hill, allowing the Company or any subsidiary entities to operate
With the launch of the Bystrinsky project, in Zabaykalsky Kray, Nornickel completed the largest mining operation built in Russia from scratch for the last ten years. "For us it is not just a new asset that will deliver an additional 70 000 t of copper and 250 000 oz of gold per annum, but also a perfect opportunity
If such an object was landed safely and the contents refined, it could put a number of mining companies out of business by depressing prices for
The total revenues of the 40 largest global metals mining companies in 2016 was about US$500 billion. The great bulk of that was raised through non-precious metals such as iron, aluminum, nickel, zinc and copper. Platinum, palladium, gold, rhodium, niobium, vanadium, tantalum and more exotic
On February 25, 2018, the Company completed the fifth of the 15 proposed drill holes of the Phase 1 drill program, targeting a broad sampling of existing broken material located in the mined stopes of the El Pinguico property. The core samples from the drill holes were assayed at Platinum Corp. lab
The Company's holdings include the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater's Pd-Pt mines in Montana, which hosts the world's highest-grade platinum and palladium resources, the Kluane Ni-Cu-PGE project adjacent to Nickel Creek Platinum's Wellgreen deposit in the Yukon
Champion Bear is a Canadian mineral exploration and development company focused exclusively on the historical prospective mining regions of Ontario, Canada. The company's primary targets are Gold, Copper, Palladium, Platinum and to a less extent other PGMs, Tantalum and REE. Champion Bear's