But market was in small deficit according to study.
Copper Mining News
Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.
Permit allows Northern Dynasty to work in the area for the next 12 months, but it includes requirements for state inspections, as well as an unprecedented $2 million guarantee as back stop for exploration clean-up.
Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.
Australian explorer, Emu NL, provides the following update on its drilling program on the Company’s Vidalita project in northern Chile.
South32 and GE today announced the signing of a three-year strategic partnership to assist in the development of South32’s technology roadmap and activation of the Company’s digital transformation.
New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.
In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.
Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.
Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.
2016 highlights: a year of breakthroughs and setbacks
Precious metals expert Michael Ballanger explains why he believes base metals are overbought and precious metals, especially silver, are set to appreciate.
The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.
The mining industry still received 29% of the Canadian province’s top-grossing corporate financing deals.
While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.
Deal will also see the two firms looking at jointly developing the nearby Pascua-Lama gold, silver and copper project and evaluating additional investment opportunities in the area.
Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.
Experts expect the country, which accounts for more 30% of the world's copper supply, to produce 5.4 million tonnes of the metal in 2017, slightly down from the 5.5mnt it yielded last year.
Together these giant orebodies contain reserves worth $796 billion at today's gold price.
Barkerville Gold Mines Ltd. announces that it has successfully completed the permit amendment process required by the Mines Act (British Columbia), and has received the required permits to begin the development and mining of the Bonanza Ledge Deposit on Barkerville Mountain near Wells, British Columbia.
Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.
Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.
Combined worth of $842 billion with 20% gains so far in 2017.
The new law, which will come into force in 2021, requires importers to ensure their business do not contribute to armed conflicts.
Wealth Minerals Ltd., reports that it has initiated an extensive lake-brine sampling and project evaluation program at the Laguna Verde Lithium Project in Chile.