Nasdaq-listed Westwater Resources, which owns uranium project in Texas and New Mexico, is upbeat about the uranium market and says he believes that prices will continue to rise in the near term. In a news release on Friday, CEO Christopher Jones laid out a case for higher prices detailing how spot market prices and volumes for uranium concentrate are outperforming this year.
Vancouver-based Argentina Lithium will not be proceeding with the option agreement on the Arizaro lithium project in the Arizaro Salar in Salta province, the company announced on Friday, as it outlines a future strategy. The TSX-V-listed firm has determined that the high risk and potential reward for the project, which it acquired in January last year, was not suitable for the economics of the company.
US coal major Peabody Energy on Friday announced the $400-million acquisition of the Shoal Creek metallurgical coal mine, in central Alabama, from private producer Drummond Company. Located on the Black Warrior river, the mine serves the Asian and European steel mills with high-vol A coking coal and in 2017 sold 2.1-million tons.
The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine, a local court said on Thursday, the latest ruling in a long-running ownership dispute over one of Asia's biggest deposits. The Mongolian Copper Corporation (MCC) has been fighting for more than a year to stave off the government's attempt to gain control of the lucrative Erdenet mine by forcibly taking over the company's 49% holding for about $400-million.
Chinese importers of petroleum coke are buying more volumes from Russia and the Middle East due to a hefty tariff on shipments from the United States, previously one of China's main sources of the material used in aluminium and cement production. China slapped a 25% tariff on US petroleum coke, a byproduct of oil refining, from August 23 as part of its escalating trade row with the United States.
The Trump administration is helping Vladimir Putin achieve a goal that’s eluded him for almost two decades—getting Russia’s billionaires to start repatriating some of their assets. Relatively muted sanctions imposed during the Obama era over the conflict in Ukraine have only widened in scope and severity since Trump took office last year. The unpredictability of both the White House and Congress is forcing Russians to move money into state-run banks and rejig the offshore superstructure that’s sheltered... Читать дальше...
Minister for Resources and Northern Australia Matt Canavan on Friday welcomed a report by the federal government’s Resources 2030 Taskforce, which he convened in March to ensure that the Australian resource sector remains globally competitive and sustainable The Minister will use the work of the taskforce to craft a National Resources Statement – the first national statement on resources in 20 years.
Australia’s strong information communications technology and energy infrastructure, highly skilled labour force and government support ensures that its miners will continue to be the frontrunners in implementing technology to cut costs, enhance efficiency and increase mine safety, the latest report by Fitch Solutions states. The report notes that major players will stay ahead of the race, while the high cost of expensive technology will keep smaller companies from implementing these technologies... Читать дальше...
Western Areas has reported a minor delay in the release of its definitive feasibility study (DFS) for the Odysseus nickel sulphide project, in Western Australia, citing an unplanned late receipt of certain key data. The company said that the DFS release date has been moved to the end of October, from the end of September.
Base metals firm Poseidon Nickel has found two potential sources of third-party feed for its Black Swan concentrator, which the company is touting as an alternative processing facility for stranded nickel miners following the closure of BHP Billiton’s Nickel West Kambalda concentrator. Private exploration company SulphideX and listed junior Estrella Resources have signed memorandums of understanding with Poseidon to process ore from their respective projects under ore tolling and concentrate purchasing agreements (OTCPA).
ASX-listed Centaurus Metals will resume the environmental licencing process for its maiden drilling programme at the Salobo West copper/gold project, in Brazil, after an earlier decision to deny the company a drilling and clearing licence was overturned. The key environmental agency responsible for the approvals, ICMBio, has reportedly reconsidered its preliminary findings handed own in May, and has now given the go-ahead for the licencing process to resume.
Colombia's Cerro Matoso nickel mine, owned by Australian miner South32, will not be required to pay damages to indigenous and Afro-Colombian communities after winning an appeal in Colombia's constitutional court, a court spokesperson said on Thursday. The court had previously ruled that waste emissions seriously affected communities in Cordoba province, including community members who had been diagnosed with lung and heart problems. It also said that some residents had high levels of nickel in their blood and urine.
Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron-ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient, needs higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies.
Global miner BHP Billiton said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished, the company said.
Canadian miner Continental Gold said on Thursday three of its geologists were killed in northern Antioquia province in Colombia in an armed attack. Three others were also injured in the attack, a company spokesman told Reuters.
Canadian miner Continental Gold said on Thursday three of its geologists were killed in northern Antioquia province in Colombia in an armed attack. Three others were also injured in the attack, a company spokesman told Reuters.
Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week the trade war was escalated and markets shrugged it off with copper rallying,” analysts including Jeffrey Currie said in a note received on Friday and dated Sept. 20. “The reason is the market has already... Читать дальше...
Beleaguered gold bulls are finally getting a rest from this year’s sell-off, and some see encouraging signs for a turnaround in the metal. After falling for five straight months, the longest slump since 2013, gold is showing resilience, holding near $1 200 an ounce since late August and registering a small gain so far in September. The metal is getting support from signs of a sputtering rally in the greenback and indications – albeit tentative – of easing U.S. inflation pressures that could slow... Читать дальше...
There is a fast-growing installed base of Cavex hydrocyclone technology in coal processing in both classification and dense-medium separation (DMS) applications, according to mining equipment supplier Weir Minerals Africa. “This is as a result of the lower total cost of ownership achieved by clients using the Cavex hydrocyclones in their operations,” Weir Minerals Africa cyclones product manager Sheldon Gabriel tells Mining Weekly.
Countries are recognising the value and future impact that fuel cells and hydrogen technologies will provide. Now is the time for Africa to join this global movement and invest in the fuel cell future, says Washington-based global advocacy organisation Fuel Cell and Hydrogen Energy Association communications and outreach director Jennifer Gangi. “Fuel cells generate electricity using an electrochemical reaction – not combustion. Aside from being efficient, reliable and quiet, fuel cells are rugged... Читать дальше...
The worldwide demand for diamond jewellery set a new record high of $82-billion in 2017, diamond giant De Beers reported in its “Diamond Insight Report 2018”. The driving forces behind this demand were Millennial and Generation Z (Gen Z) consumers, who, together, accounted for 66% of global diamond sales last year. Millennials means people who are currently in the age range from 21 to 39, when Gen Z covers those who are currently ages 20 years or younger.
There is a fast-growing installed base of Cavex hydrocyclone technology in coal processing in both classification and dense-medium separation (DMS) applications, according to mining equipment supplier Weir Minerals Africa. “This is as a result of the lower total cost of ownership achieved by clients using the Cavex hydrocyclones in their operations,” Weir Minerals Africa cyclones product manager Sheldon Gabriel tells Mining Weekly.
The research and development (R&D) of clean coal technologies in South Africa is absolutely necessary, says Fossil Fuel Foundation director and recently retired Department of Science and Technology-National Research Foundation South African Research Chairs Initiative Clean Coal Technology chair Professor Rosemary Falcon. Clean coal technologies are a collection of technologies being developed to reduce the environmental impact of coal during production and in energy generation.
Coal mining currently provides more than 86 000 jobs locally, and this figure will increase as more junior mines are expected to open in the future, provided that the economic situation “does not deteriorate further”, says coal consulting company XMP Consulting senior coal analyst Xavier Prévost. South African coal production has remained stagnant during the last five years because of a lack of incentives and capital to implement new coal projects. However, production will soon drop drastically because some of the older... Читать дальше...
As coal beneficiation is generally a screening-intensive process, screening equipment is an important part of a coal plant and a major investment for the operation, says vibrating and original equipment manufacturer (OEM) and supplier Kwatani CEO Kim Schoepflin. The local coal sector comprises various mine operators, from large global operations to small, emerging miners. Schoepflin points out that owing to this diversity, it is crucial that equipment suppliers understand the needs of individual... Читать дальше...
