Month: January 2018
Centamin shareholders get bumper divvy, despite 2017 profit fall
Egypt-focused gold miner Centamin (TSX:CEE) (LON:CEY) delivered good news to its shareholders on Wednesdays, announcing it would pay a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its...
These are top-10 global mining trends expected for 2018
These are top-10 global mining trends expected for 2018 The most important one? Transitioning towards a “digital mine” Cecilia Jamasmie | Jan. 31, 2018, 3:00 AM | | To thrive in the mining industry’s historical boom and bust cycle and...
Asia Gold-Bullish price outlook stirs moderate demand
BENGALURU/MUMBAI, Jan 26 (Reuters) – Demand for physical gold improved slightly in most Asian hubs this week, despite rising prices, as buyers stocked up on expectations of a further rally in the yellow metal. Gold prices rose on Friday, putting...
Shares in Vancouver vanadium junior tank after securities probe
Shares in Vanadiumcorp Resource Inc (CVE:VRB) slumped Tuesday after the company announced the preliminary economic assessment for its flagship Lac Doré project in Quebec is being reviewed by regulators. During lunchtime trade the Vancouver-based junior was exchanging hands for $0.14,...
Bidders for $500m Canada streaming deal as cobalt price surges–report
Cobalt prices have been one of the main beneficiaries of the scramble for battery materials by auto manufacturers. The metal quoted on the LME recently topped $80,000 a tonne, a gain of 140% since the beginning of last year. Measured...
China demand and tight supplies set to sustain nickel price rally
* LME nickel breaks through $14,000 per tonne * Batteries to account for higher pct of nickel usage long term By Zandi Shabalala LONDON, Jan 30 (Reuters) – A combination of surging China imports, tighter supplies and fund interest are...
Wood Mackenzie cuts iron ore price outlook as markets fall again
Despite beginning the year in good shape, the global iron ore industry is starting to experience a fresh drop in prices that has analysts trying to decide whether this is the start of a deeper downtrend or a pull-back. According...
Rio Tinto autonomous trucks now hauling a quarter of Pilbara material
Mining giant Rio Tinto’s (ASX, LON, NYSE: RIO) driverless trucks fleet has achieved a major milestone as it moved its one-billionth tonne of material in Western Australia’s Pilbara region last month, the company said. The figure corresponds to roughly 25%...
Union at Colombia's Cerrejon votes to strike after talks fail
BOGOTA, Jan 29 (Reuters) – The largest union at Colombia’s top thermal coal mine Cerrejon has voted to strike following failed salary and benefit negotiations with the company, the union said on Monday. Cerrejon accounts for 37 percent of Colombia’s...
De Beers auction sales: what a difference a decade can make
As we get up every morning, look in the mirror and see the same face looking back at us, it may be surprising for some people to learn that the human body actually renews most of its cells every ten...
Anglo American exits South African coal with sale of New Largo mine
Anglo American (LON:AAL) has officially left the coal sector in South Africa with the sale of its New Largo mine to a group of black-controlled companies. Seriti Resources Pty Ltd., Coalzar Pty Ltd. and South Africa’s Industrial Development are paying Corp....
Oreninc Index falls as financings reduce to trickle
ORENINC INDEX – Monday, January 29th, 2018 North America’s leading junior mining finance data provider ORENINC MINING DEAL CLUBAccess to high-quality, pre-vetted financing opportunitieswww.miningdealclub.com Last week index score: 34.36 This week: 22.99 Zinc One Resources (TSXV:Z) received additional results from...