The BFS has confirmed Prieska’s potential to underpin a significant low-cost, copper and zinc development project, with exceptional opportunities for future growth. Based on BFS assumptions, the project will provide excellent financial returns for a relatively modest capital investment, given the scale of operations envisaged.
Read More
A major move for small Australian miner, New Century Resources which revealed on Tuesday that it is in talks with Brazilian miner Vale about buying the latter’s underperforming New Caledonian laterite nickel operations.
Read More
Nickel miner, Western Areas has made an opportunistic grab for a dominant minority position in rival miner Panoramic.
Read More
With negative rhetoric surrounding Australia’s trade relationship with China, what is the outlook for Australia’s iron ore miners?
Read More
The impact of the COVID-19 pandemic and lockdowns on the global steel industry has been underlined by the April crude steel output data from the World Steel Association.
Read More
Oil futures settled lower Friday over worries about China’s growth and fresh trade and political friction between Washington and Beijing over trade and the future of Hong Kong. Meanwhile Comex gold for June delivery rose $US13.60, or 0.8%, to settle at $US1,735.50 an ounce, Thursday’s 1.7% drop.
Read More
Combined with what are expected to be commercial discoveries within the High Cliff and Wagina formations, STX believes these resources have the potential to produce some of the lowest-cost gas in Australia.
Read More
Shares in mining services firm, NRW Holdings Limited share price ended up nearly 33% yesterday after a surprisingly positive trading update for the 10 months to the end of April, thanks in part to the BGC Contracting takeover in 2019.
Read More
A rising US dollar gold price is taking global gold equities higher and brokers note Australian gold stocks are lagging the move.
Read More
Global iron ore prices this week moved back to levels last seen in early March as China’s crude steel production maintain a solid pace after the first four months of 2020.
Read MoreGold prices ended higher well above $US1,700 an ounce on Friday as more poor US economic figures underlined the damage from the COVID-19 pandemic.
Read More
Last week saw another solid week for oil, but there’s a nervous couple of days today and tomorrow as the June futures contract for West Texas Intermediate crude rolls over into July on Tuesday night, our time, with traders still well aware of the debacle a month ago when prices plunged to a previously unthinkable minus $US37 a barrel.
Read More
CTM is reaping the rewards of maintaining a robust level of exploration activity in Brazil.
Read More
Oil prices fell on Wednesday, failing to find support on news from the US government of an unexpected weekly decline in domestic crude supplies, along with a fall in stocks at a key storage hub in Cushing, Oklahoma. In metals, gold jumped and held its gains in the wake of the Fed chair’s warning but others fell.
Read More
The New Criterion’s Tim Boreham highlights several mining services contractors, large and small, and their potential at this time.
Read More
More merger mania in Canada’s gold mining sector on Monday with two deals that take the value of bids in the past month to well over $C4.5 billion (close to $A5 billion).
Read More
Gold futures fell on Friday, despite the news of a 20 million-plus surge in US unemployment in April. But that didn’t stop gold prices ending the week slightly higher.
Read More
Global oil prices settled 5% higher on Friday in their second consecutive week of gains as US producers cut production with the number of drilling rigs falling to a record low, and as more countries and states pushed ahead with plans to relax lockdowns intended to control the spread of the coronavirus pandemic.
Read More
Global iron ore prices have leapt a surprisingly strong 5% as doubts re-emerged about the security of Brazilian iron ore supplies in the wake of the continuing spread of COVID-19 across that country.
Read More
Albemarle Corp says it is interested in buying all or part of Tianqi Lithium Corp’s controlling stake in the Greenbushes lithium mine in southwest WA.
Read More
Imports into China fell heavily in April – down 14.2% from a year earlier, but not so imports of crude oil, coal, iron ore and copper which all rose from their March levels, and all four were stronger in the first four months of the year than in the same period in 2019.
Read More
Oil futures gave up earlier gains on Thursday, with downbeat comments from Federal Reserve officials on economic activity and doubts over producer compliance with the OPEC-led production cuts agreement.
Read More
Crude-oil futures settled lower Wednesday, with West Texas Intermediate ending five sessions of gains as concerns over tightening oil-storage capacity again took over sentiment.
Read More
St Barbara’s Simberisulphides project has progressed to the final feasibility stage, but enhanced economics are highly dependent on the PNG government retaining its current mining act.
Read More
A good day for oil futures which ended sharply higher on Tuesday as investors punted that the worst was overproduction is slowing and demand is expected to rise as lockdowns ease around the US and in other economies.
Read More
BHP’s share price has lagged its peers; however, Airlie Funds Management thinks the miner’s balance sheet, commodity exposures and reinvestment options make it a compelling investment proposition judged on the way COVID-19 has barely impeded the company.
Read More
As followers of uranium would know, there have been plenty of proclamations about an imminent recovery post Fukushima, but they have all turned out to be false dawns. With buyers and sellers trilling from the same song book, is this time different?
Read More
More signs of that US oil production is heading lower – but it will take time. Data out on Friday showed the number of active US rigs drilling for oil has fallen for a seventh week in a row, according to the latest data from Baker Hughes.
Read More
March quarter drilling produces spectacular exploration results from Mawson prospect, material widths and the grades in hole RKDD008, whilst assays are awaited from hole RKDD011.
Read More
It’s not just oil demand that is being whacked by COVID-19. Coal, nuclear power, and electricity all face an “unprecedented” slump in demand thanks to weakening economic activity according to an update by the International Energy Agency.
Read More
The upsurge in safe-haven interest in gold, as is normal at times of rising volatility, has been helped by a fall in mine production, according to the March quarter report from the World Gold Council.
Read MoreGold ended a dramatic April, falling on the last day of the month to under the $US1,700 mark but still adding more than 6% in value. Silver and copper also saw solid gains for the month despite weakness yesterday.
Read More
Oil futures finished an amazing month on Thursday with a 25% gain for US West Texas Intermediate crude while Brent futures were up half that rate as production cuts emerged to ease some fears about too much oil and not enough storage.
Read MoreShares in Fortescue Metals jumped by around 4% yesterday at one stage yesterday after the company shrugged off fears of a negative impact from the COVID-19 pandemic and upgraded its 2019-20 sales forecast.
Read More
Newcrest Mining wants to raise up to $1.1 billion of new capital from shareholders to expand its interest in gold produced from mine in South America and to expand its existing mines.
Read More
While oil was in the hot seat in March-April, coal is now in focus, reeling from a slump in demand as prices fall to multi-year lows. What is a reasonable short-term floor?
Read More
Oil futures settled higher on Wednesday thanks to a relief rally based on news that wasn’t as bad as it could have been. US stocks rose last week, but not quite as much as forecast, production eased a touch, and stocks of product held in the US eased.
Read MoreTraders in the oil markets are getting desperate for any ‘good news’ On Tuesday an explosion in Syria on an oil tanker sparked a 30% surge in the price of West Texas Intermediate – that lasted several hours before prices sank back and fell for a loss on the day.
Read MoreA weaker US dollar, scattered signs of a relaxation of the lockdowns in the US, Asia, and Europe saw an easing of tensions in markets and that led gold to a small drop on the day, along with silver.
Read More
Another bad day for oil with a slide that started in Asia in early trading, ending in New York at settlement for West Texas Intermediate (WTI) crude with a near 25% slump.
Read More