i-80 Gold stock drops on upsized public offering
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering of units. The units are priced at C$1.65 each, comprising one share and half of a warrant with an exercise price of C$2.15.
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Copper price bounces as analysts see short covering fueling big gains
Copper extended a weekly gain, with some analysts predicting that the market could soon turn decisively higher as bearish investors are forced to unwind heavy bets against the metal viewed as a global economic bellwether.
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Palladium price heads for biggest one-day gain in two months on short covering
Palladium rose by 8% on Wednesday, regaining a premium against its sister metal platinum, as some investors covered their short positions after the volatile metal held above the $900 level.
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Rock weathering does not act as CO2 sink, as previously thought
Mining News Pro - A new study published in the journal Nature has overturned the view that natural rock weathering acts as a CO2 sink, indicating instead that this can also act as a large carbon dioxide source, rivalling that of volcanoes.
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Visit: 135
India’s JSW Steel considering bid for stake in Teck coal unit
Mining News Pro -India’s steel producer JSW Steel is considering a bid for a stake of up to 20% in Canada’s Teck Resources steelmaking coal business, Bloomberg News reported on Saturday, citing people with knowledge of the matter.
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Nicico to open engineering institute
Mining News Pro - The CEO of Iran's National Copper Industries Company announced the establishment of an institute for downstream and upstream copper industries in cooperation with Iran University of Science and Technology.
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Tesla considering a bid for Sigma Lithium
Mining News Pro - Tesla Inc. has been weighing a takeover of battery-metals miner Sigma Lithium Corp., people with knowledge of the matter said, amid rampant demand for the metal used in electric vehicle batteries.
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Steel mills reduce prices of auto-grade offerings
Mining News Pro -lowdown in export markets, global recessionary pressures steer the shift
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O3 Mining completes PFS for Marban Engineering gold project with increased production profile
Mining News Pro - O3 Mining (TSXV: OIII) has completed a pre-feasibility study (PFS) for its 100% owned Marban Engineering gold project, demonstrating its potential to become the next gold producer in the mining region of Val-d’Or, Quebec.
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Researchers solve issues hindering silicon use in lithium-ion batteries
Mining News Pro - Researchers at the Japan Advanced Institute of Science and Technology (JAIST) are proposing a solution to some of the issues plaguing silicon micron-particles (SiMP), which hinder their use in lithium-ion batteries.
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Copper price rebounds as weaker dollar spurs short-covering
Mining News Pro - The copper price rebounded on Thursday as the dollar weakened, forcing speculators to scramble to buy back their bearish positions.
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China’s hunger for commodities is wavering after years of growth
Mining News Pro - China’s imports of key commodities face some mighty headwinds in the second half, which could spell trouble for the producers around the globe that rely on its economic engine to power demand for their energy, food, and materials.
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Visit: 416
Picasso pigment may be key to recovering gold from e-waste
Mining News Pro - Researchers at Nagoya University and the Tokyo Institute of Technology discovered that a pigment called Prussian blue may be the key to recovering precious metals such as gold and platinum from nuclear and electronic waste.
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F1 tycoon backed gold deal in at heart of money laundering trial
Mining News Pro - Formula One mogul Bernie Ecclestone put up millions of dollars to backstop a series of gold transactions that made “no commercial sense,” prosecutors said at a trial into one the U.K.’s biggest money laundering operations.
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Codelco starts offering exploration assets to third parties
Mining News Pro - Chilean State-owned mining company Codelco said on Friday it has commenced seeking prospect partnerships for 34 projects across the country, its first such move into joint exploration.
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De Beers boosts production to meet recovering demand
Mining News Pro - De Beers, the world’s top diamond producer by value, saw production jump in the last quarter of 2021 by 15% to 7.7 million carats, as it boosted production to meet recovering demand.
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Fortescue to buy Williams Advanced Engineering for $222m
Mining News Pro - Fortescue Metals Group Ltd will buy Williams Advanced Engineering Limited (WAE) from private equity firm EMK Capital and Williams Grand Prix Engineering Limited for 164 million pounds($222.15 million), the iron one miner said on Monday.
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Iron ore price jumps on hopes of recovering steel production in China
Mining News Pro - The iron ore price rose on Tuesday on growing hopes of a recovery for steel demand in China.
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Visit: 546
Gold price drops to 2-week low as Fed opens door to faster tapering
Mining News Pro - Gold erased more than two weeks’ worth of gains on Monday, pressured by a firmer dollar and expectations that the US Federal Reserve may accelerate the pace of policy tightening to combat inflation.
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Visit: 521
Copper logjam in Chinese ports shows lingering pandemic snarls
Mining News Pro - A copper logjam in Chinese ports is showing signs of easing but remains at more than triple pre-pandemic levels.
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GR Engineering to concentrate on Cosmos nickel
Mining News Pro - GR Engineering has won an engineering, procurement and construction (EPC) contract with a Western Areas subsidiary at its Cosmos nickel operations in Western Australia.
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Harmony re-engineering portfolio, deleveraging balance sheet, creating optionality
Mining News Pro - Harmony Gold is at a very exciting point as it pivots in a new portfolio-enhancing direction and sheds costs at the same time, says Harmony investor relations head Jared Coetzer.
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Visit: 339
Platinum offering good relative value as investment
Mining News Pro - Platinum is viewed as an investment case for the moment and is offering good relative value, says Northam Platinum CEO Paul Dunne.
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Visit: 494
Zambia’s Konkola liquidator arrested, calls money-laundering charges “baseless”
Mining News Pro - The state-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2 million, Zambia’s money-laundering authority said on Wednesday.
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Stirred mills strengthen Metso Outotec offering
Mining News Pro - Metso Ouotec has added complete stirred mill plants to its range of concentrator plants, including patented features like hydrocyclones, samplers, analysers and slurry pumps for increased efficiency.
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