Exchange

Mining News Pro - Major Rio Tinto has reported increased revenues and profits for the full 2020, driven by strong commodity prices.

Mining News Pro - Firefinch on Tuesday announced plans to demerge its Goulamina lithium project, in Mali, into a separate lithium-focused company which would list on the Australian bourse.

Mining News Pro - Silver jumped for a second day on Friday after a call by Reddit posters to create a short squeeze sparked sharp moves Thursday.

Mining News Pro - Reddit investors have discovered silver, with everything from silver miners, silver ETFs and the actual price of the physical metal itself soaring on Thursday.

Mining News Pro - Month on month price and deployment data (bar nickel) for the raw materials all improved in November, boosted by the overall increase in EV sales (including hybrids) during the month, 73% year over year and the relative outperformance of full electric cars and plug-in hybrids.

Mining News Pro - Gold-backed exchange-traded funds (ETFs) and similar products had what the World Gold Council (WGC) called “a remarkable year” in 2020, as gold ETFs had recorded yearly net inflows of $47.9-billion, or 877 t, collectively increasing gold holdings by over a third and reaching all-time highs in tonnage (3 752 t).

Mining News Pro - Copper prices continued their momentum from the second half of 2020 as the second wave of coronavirus infections intensifies in South America, the world’s top copper-producing region.

Mining News Pro - China Molybdenum said on Sunday it had acquired a 95% stake in the Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) from US-based Freeport-McMoRan Inc for $550-million.

Mining News Pro - Gold prices declined from a two-week high as investors weighed the prospects of further vaccine roll-outs against fresh hopes for a new US stimulus deal.

Mining News Pro - Platinum group metals miner Northam Platinum has acquired an additional 2.83-million preference shares in Zambezi Platinum.

Mining News Pro - Mineral Resources (MinRes) has awarded Swift Media with a technology and support contract for site accommodation as the mining company strengthens the capacity of its camps.

Mining News Pro - Potash development company Kore Potash reports that the definitive feasibility study (DFS) for Phase 1 of its 97%-owned Dougou Extension (DX) potash project in Congo-Brazzaville remains on track and within budget to be completed in May.

Mining News Pro - Bullion major Barrick Gold retained its listing in the prestigious Dow Jones Sustainability Index’s (DJSI`s) world index, ranking in the ninety-fifth percentile of all mining companies assessed.

Mining News Pro - Marathon Gold has received further financial backing from existing shareholder and Canadian businessman Pierre Lassonde, who intends to participate in a private placement of the company’s common shares.

Mining News Pro - Tharisa expects its headline earnings a share for the 12 months to September 30, to be between $0.16 and $0.17.

Mining News Pro - Chile’s copper production will likely rise by 0.6% to 5.82 million tonnes in 2020, state copper commission Cochilco said on Monday, and to 5.99 million tonnes in 2021.

Mining News Pro - Copper price surged to a fresh two-year high on Friday following positive reports on covid-19 vaccine breakthroughs from Pfizer and Moderna.

Mining News Pro - SilverCrest on Thursday announced the discovery of the El Muerto zone, in the north-west part of the Babicanora vein at its Las Chispas property, in Sonora, sending its shares up 15%.

Mining News Pro - A flow-through share scheme tax incentive, currently under consideration for South Africa, must serve to incentivise not only exploration but also public listed market development and market participation by a diversity of investors.

Mining News Pro - Canada`s Agnico Eagle Mines reported a better-than-expected quarterly profit on Wednesday, benefiting from a surge in gold prices and sales volume, and raised its capex forecast for the year as it spends on several sites to boost production.

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