Gold price hits another all-time high as Fed-fuelled rally continues
Gold continued its historic rally on Monday by setting another record high, as the latest US inflation data further boosted expectations of a Federal Reserve interest rate cut this coming June.
-
-
Visit: 72
London gold price benchmark hits all-time high, LBMA says
London’s gold price benchmark hit an all-time high of $2,098.05 per troy ounce at an afternoon auction on Monday, surpassing the previous record of $2,078.40 set on Dec. 28, the London Bullion Market Association (LBMA) said.
-
-
Visit: 74
Graphjet Technology advances production timeline at Malaysia manufacturing plant
Graphjet, a developer of patented technologies to produce graphite and graphene directly from agricultural waste, announced Monday it has accelerated the timeline for its planned manufacturing plant in Malaysia.
-
-
Visit: 93
Zambian president calls rail link connecting copper mines to Angolan port ‘once-in-lifetime’ break
Zambian President Hakainde Hichilema said a US-backed project to connect Zambia’s copper mines to an Angolan port offers the nation a “once-in-a-lifetime” opportunity.
-
-
Visit: 78
Iron ore boom of the 2000s repeating – this time with critical metals
A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.”
-
-
Visit: 99
Two-dimensional supercrystals harvest solar energy efficiently to produce hydrogen
Mining News Pro - An international team of researchers has developed a two-dimensional supercrystal that generates hydrogen from formic acid with the help of sunlight.
-
-
Visit: 76
Replacing coal with biofuels in lime kilns not as ‘green’ as previously thought
The different chemical and physical properties of biofuels pose serious challenges to the idea of reducing carbon dioxide emissions from lime kilns, new research has found.
-
-
Visit: 82
London gold price benchmark breaks all-time high, LBMA says
Mining News Pro - London’s gold price benchmark hit an all-time high of $2,069.40 per troy ounce at an afternoon auction on Wednesday, surpassing the previous record of $2,067.15 set in August 2020, the London Bullion Market Association (LBMA) said.
-
-
Visit: 108
Fitch downgrades Codelco for first time in years
Mining News Pro - Ratings agency Fitch downgraded Chile’s state-owned copper giant Codelco’s credit rating by one notch to BBB+ from A-, it said in a statement on Wednesday, the first downgrade by the agency in five years, though it maintained a stable outlook.
-
-
Visit: 144
Stornoway Diamond files for bankruptcy for second time, stops operations at Quebec site
Mining News Pro - Stornoway Diamond Inc. is filing for bankruptcy protection for the second time in four years as the miner struggles to deal with volatile pricing on global markets.
-
-
Visit: 209
Uranium primed to extend rally on resurgent nuclear power
Mining News Pro - Uranium prices are likely to extend a blistering rally and end the year more than 50% higher as mounting worries over climate change accelerate a global shift to cleaner sources of energy including nuclear power, analysts said.
-
-
Visit: 120
Uranium primed to extend rally on resurgent nuclear power
Mining News Pro - Uranium prices are likely to extend a blistering rally and end the year more than 50% higher as mounting worries over climate change accelerate a global shift to cleaner sources of energy including nuclear power, analysts said.
-
-
Visit: 289
Nornickel board recommends no dividend for first time in 14 years
Mining News Pro - The board of Russian mining group Norilsk Nickel has recommended not paying dividends on its 2022 results for the first time in 14 years, citing “negative geopolitics”, but may consider paying interim dividends, the company said on Friday.
-
-
Visit: 245
Ximen receives final permit for Kenville gold mine in British Columbia
Mining News Pro - Ximen Mining has been granted the final permit required to proceed with its Kenville gold project, home to one of the first underground gold mines in British Columbia’s history.
-
-
Visit: 143
Ex-JPMorgan gold traders ask for no prison time in spoofing case
Mining News Pro - JPMorgan Chase & Co.’s former precious-metals desk head and his top gold trader asked to be spared prison sentences for spoofing.
-
-
Visit: 210
LME nickel to trade in Asian hours for first time since crisis
Mining News Pro - The London Metal Exchange will reopen nickel trading during Asian trading hours from March 20, in what is likely to provide an important liquidity boost for the market that has struggled to recover after last year’s crisis.
-
-
Visit: 253
Ximen receives draft environment permit for Kenville gold mine in BC
Mining News Pro - In a further update to the underground development of its Kenville gold mine, Ximen Mining (TSXV: XIM) has now obtained the first draft of the two permits expected. Last Friday, the BC-focused precious metals miner received the draft environment permit for review, and had an initial look at the terms and conditions.
-
-
Visit: 175
Gold price falls to six-week low as dollar rallies on sour sentiment
Mining News Pro - Gold fell to a six-week low as the dollar strengthened after US reports pointed to a resilient US economy.
-
-
Visit: 436
MMG’s troubled Las Bambas copper mine in Peru still has no timeline for expansion
Mining News Pro - Chinese miner MMG said on Thursday it still has no time frame for when it will be able to build a second open pit to ramp up production at its Las Bambas mine in Peru.
-
-
Visit: 425
Preparing 90% of freight wagons for the first time in Khuzestan Steel
Mining News Pro - Chief executive of Logistic Steel said that despite the cruel sanctions against Iran regarding the import of capital and main parts of the railway sector, with the helping hand of Khuzestan Steel Company and knowledge-based companies, we were able to supply our demands in this field.
-
-
Visit: 426
CEO visited Midhco’s projects for the ninth time this year
Mining News Pro - CEO visited Midhco’s projects for the ninth time this year in August.
-
-
Visit: 540
Mining giants warn of tougher times as world demand wavers
Mining News Pro - Mining giant BHP Group has joined rival Rio Tinto Group in signaling more turbulence to come for commodities producers as costs balloon and demand for everything from iron ore to copper hits headwinds.
-
-
Visit: 534
Midhco’s chief executive visited the ongoing projects for the second time
Mining News Pro - Ali Asghar Pourmand, CEO of Midhco, visited the ongoing projects for the second time this year.
-
-
Visit: 988
Sibanye bides time on battery metals push as asset prices soar
Mining News Pro - Sibanye Stillwater Ltd. chief executive officer Neal Froneman plans to resume battery-metals acquisitions within two to three years, once inflated asset valuations come down.
-
-
Visit: 686
Goldman sees new all-time high for copper price by mid-year
Mining News Pro - After a brief but glorious spike above $5 a pound, or $11,000 a tonne one month ago, copper prices have retreated, with New York futures trading either side of the $4.70 a pound ($10,362 a tonne) mark.
-
-
Visit: 571