TORONTO–(BUSINESS WIRE)–Americas Silver Corporation (TSX:USA) (NYSE American:USAS) (“Americas Silver” or the “Company”) is pleased to announce that first processing of ore from its San Rafael Project occurred in the last week of September, 2017 from development stockpiles. The first lead and zinc concentrates produced from the Company’s newly modified Los Braceros Mill have been shipped to the Port of Manzanillo from the Cosalá Operations in Sinaloa, Mexico. The reconfigured flotation circuit
NEW YORK–(BUSINESS WIRE)–Diamond prices softened in September as suppliers worked to liquidate old stock. Sentiment improved as trading returned to normal at the Hong Kong Jewellery & Gem Fair, with steady demand for goods at lower prices. The RapNet Diamond Index (RAPI™) for 1-carat diamonds slid 0.7% in September and 2% during the third quarter. The index is down 4.5% since January 1, and has dropped 7.4% in the past 12 months. RapNet Diamond Index (RAPI™) September 3Q 2017
DUBLIN–(BUSINESS WIRE)–The “Market Research on Cobalt Metal in China 2017-2022” report has been added to Research and Markets’ offering. The consumption of cobalt in China has a trend of rising steadily in recent years. In 2015, the consumption reached 45,400 tonnes. Batteries and hard alloys are the two major consumers. In 2015, according to the consumption distribution of cobalt, batteries took 76.59% and hard alloys took 7%. The output of cobalt metal remains stable in China. In 2016, the
The Western Australian Chamber of Minerals and Energy (CME) on Tuesday warned that about 3 000 jobs would be on the line if the state government moved ahead with its proposed hike in gold royalties, while some mines were also facing closure.
The Western Australian government announced a 50% increase in royalty charges in its stage Budget earlier this year. The current 2.5% rate will apply for each month when the gold spot price is A$1 200/oz or less, and an increased rate of 3.75% will apply when the gold spot price is above A$1 200/oz.
Russia’s Otkritie bank has become a shareholder in Russian gold and silver producer Polymetal, the bank’s MD Alexander Dmitriev said on Tuesday.
The bank owns 7.56% in Polymetal and has no plans to sell the stake, Dmitriev added. He did not elaborate on how the bank had become a shareholder of Polymetal. Polymetal is co-owned by businessman Alexander Nesis.
Claims thousands of jobs will be lost due to a planned increase in gold royalties are dismissed by the WA Government, with the Premier claiming the policy will not cost a single position.
An elder from Borroloola creates a painting depicting Peter Garrett’s decision to allow the expansion of a controversial mine, saying the rock legend should be ashamed of the impact of his actions.
The Queensland Government and business groups are today defending the proposed Carmichael coal mine despite damning allegations aired last night against the company behind it.
SASKATOON, Saskatchewan–(BUSINESS WIRE)–Gensource Potash Corporation (“Gensource”) (TSX.V:GSP) is pleased to provide an update on its Vanguard Potash Corp. joint venture (“JV” or “Vanguard”) with Essel Group ME Limited (“EGME”). Gensource and EGME signed a shareholder agreement (the “Shareholder Agreement”) to create the Vanguard JV on April 4, 2017. The purpose of the JV is to finance, construct and operate a new potash production facility in Saskatchewan located on Gensource’s wholly owned
LIMA, Peru–(BUSINESS WIRE)–Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced that the TyV Consortium, which is 50% owned by Vial and Vives-DSD, a Chilean subsidiary of Grupo Graña y Montero, and TNT Chile Limitada, a subsidiary of Amec Foster Wheelers, was awarded today the Vertical Work Package No. 1 (VWP1) project, for Minera Spence S.A. for a total amount of US$ 131.8 million. This project, which
PRETORIA, South Africa–(BUSINESS WIRE)–Exxaro Resources Limited (JSE:EXX): EXXARO RESOURCES LIMITEDIncorporated in the Republic of South Africa(Registration Number: 2000/011076/06)JSE share code: EXXISIN code: ZAE000084992ADR code: EXXAYBond Code: EXX02ISIN Code: ZAG000115965(Exxaro or the Company) Exxaro Resources Limited (JSE:EXX) today announces that it has commenced a public offering in the United States of 16.0 million Class A ordinary shares of Tronox Limited (NYSE:TROX), a NYSE-listed
LONDON–(BUSINESS WIRE)–#Research–Technavio’s latest market research report on the global mining equipment rental market provides an analysis of the most important trends and drivers.
HOUSTON–(BUSINESS WIRE)–$solar #PuertoRico–Sunnova Energy Corporation, the largest residential solar provider in Puerto Rico, is sending energy storage systems (batteries) to the island.
The sale of the Mooiplaats Colliery is the final step in Coal of Africa’s balance sheet restructuring strategy, setting the course for the company to become a self-sufficient mid-tier coal mining company, CEO David Brown said on Monday. Mooiplaats, which has been on care and maintenance since 2013, is being sold to a consortium of investors for an aggregate purchase price of R179.9-million.
CLEVELAND–(BUSINESS WIRE)–Cleveland-Cliffs Inc. (NYSE:CLF) announced today that it has acquired United States Steel Corporation’s 15 percent equity interest in the Tilden Mining Company for $105 million in cash. Cliffs previously owned an 85 percent interest in the joint venture and now has 100 percent ownership of the mine. The transaction closed on September 29, 2017. With the closing of this transaction, Cliffs has added 1.2 million long tons of annual pellet production capacity and 55 mil
An investigation by the ABC’s Four Corners program uncovers previously unknown tax haven ties for Adani Group’s Australian operations, with key assets ultimately owned in the British Virgin Islands.
Explorer and developer Beowulf Mining remains committed to establishing a producing graphite mine in eastern Finland within the next three years, CEO Kurt Budge said on Monday, announcing the results of a testwork programme at the Aitolampi project.
The latest testwork delivered positive results, with combined grades ranging from 96.8% to 97.5% total carbon across three samples.
Nicole Manison says it would be “outrageous” for the Federal Government to compromise the Northern Territory’s share of GST in order to force it to frack gas reserves without completing the proper research.
Mining, oil and gas companies are well into cyclone preparation mode, with the official start to the season only one month away.
SANTIAGO, Chile–(BUSINESS WIRE)–Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), is pleased to announce the upcoming diamond drilling program at its wholly-owned, high-grade Anzá gold project located in the Mid Cauca Gold Belt in Colombia. HIGHLIGHTS Completed C$4 million (US$3.2 million) financing in August 2017 to fund drilling in Colombia Engaged Logan Drilling Group International (“Logan”) for up to 15,000m of diamond core drilling, contract signed on September 29, 2017 Prep
India’s former environment minister Jairam Ramesh says he is “absolutely appalled” by the Australian Government’s approval of the Adani Group’s massive coal mine in North Queensland, adding it will threaten the survival of the Great Barrier Reef.
CALGARY, Alberta–(BUSINESS WIRE)–American Creek Resources issues $200,000 placement.
LIMA, Peru–(BUSINESS WIRE)–Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced that STRACON GyM S.A., a subsidiary of Grupo Graña y Montero, has reached an agreement with its client Hudbay Perú S.A.C. to extend its construction contract of the Constancia Mine (Cusco), for an additional period of two years, until the end of 2019. Under the extension of this construction contract with a value of US$ 40
Freeport-McMoRan, the world’s second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, according to a company letter reviewed by Reuters on Friday.
The September 28 letter to Indonesia’s finance ministry reflects persistent and deep divisions between Freeport and the state, which have weighed on the miner’s stock and operations, despite a framework agreement announced in late August.
SAN MATEO, Calif.–(BUSINESS WIRE)–ASA Gold and Precious Metals Limited (NYSE:ASA) reported that the total return for the nine months ended August 31, 2017, based on ASA’s net asset value (NAV), was 13.0%, including the reinvestment of dividends. For the nine months ended August 31, 2017, the total return based on ASA’s share price was 16.4%, including the reinvestment of dividends. The return for the FTSE Gold Mines Total Return Index during the same period was 20.1%. On August 31, 2017, the
The South African mining industry has swung to a net profit of R17-billion this year, compared with a R46-billion loss in 2016, PwC has revealed in ninth ‘SA Mine’ report. The report, which covers 29 South African mining companies, states that spot price increases for bulk commodities had supported the industry and contributed to the return to profitability.
LONDON–(BUSINESS WIRE)–#Automation–According to the study released by Technavio, the global emergency eyewash and showers market is expected to grow at a CAGR of over 6% until 2021.
CLEVELAND–(BUSINESS WIRE)–Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, announced the promotions of James D. Post to the position of Regional Vice President and General Manager and Kevin L. Miller to the position of General Manager, Cleveland Division, effective Oct. 1, 2017. Post joined Olympic Steel in 2016 as General Manager, Commercial – Northeast and was promoted in 2017 to General Manager of the Chambersburg facility. Previously, he worked for American Ste
India’s captive miners of coal are outperforming merchant miner Coal India Limited (CIL) in terms of production growth.
CIL, which accounts for more than 80% merchant sales, produced 175.88-million tons between April and August 2017, which was down 1.7-million tons on its production a year earlier.
DENVER–(BUSINESS WIRE)–Summit Materials, Inc., today announced that management will attend the Bank of America Merrill Lynch Building & Infrastructure Conference.
Clive Palmer fails in his bid to use a self-published book as evidence in court, as he defends himself against liquidators of Queensland Nickel.
The Western Australian resources sector has again exceeded the A$100-billion mark in the 2017 financial year, with the state recording resources sales of A$105-billion.
This was up 19% on the 2015/16 overall sales value, the Department of Mines, Industry Regulation and Safety reported on Friday.
The share price of lithium developer Pilbara Minerals jumped 18% on Friday as the company announced the backing of China’s Great Wall Motor Company for the Stage 2 development of the Pilgangoora lithium/tantalum project, in Western Australia.
Pilbara Minerals has inked a binding term sheet with Great Wall for the offtake of 75 000 t/y of chemical grade spodumene concentrate from the Stage 2 operation, with the ability to secure a further 75 000t/y on provision of A$50-million Stage 2 debt funding and a A$28-million up-front equity subscription, in exchange for 56-million fully paid ordinary shares.
