Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.
England Mining News
The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package.
Shares in Sirius Minerals (LON:SXX) were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.
The leaders spoke for the first time since the announcement in a 30-minute call and agreed to discuss the issue further at the G7 summit in Canada later this week.
The 24-carat piece of gold given to Markle by the Queen originated at the Clogau St. David mine in northwest Wales.
Europe’s largest bank won’t fund new coal power plants, oil sands and arctic drilling, except in Bangladesh, Indonesia and Vietnam.
Britain plans to phase-out coal use at its power stations by 2025 as a part of its efforts to meet its climate targets.
Securing the debt will be the final milestone to bring the York project into production.
This year, copper was shoved out of the London limelight by new hot metals such as lithium, cobalt and nickel.
Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates.
Juniors have been increasingly active in Mali, regarded as a relatively stable jurisdiction, where Legend has a portfolio of gold projects and licences covering nearly 400 square kilometres.
The online marketplace, named Open Mineral, will let miners put up tenders for their concentrate directly to end-users.
Park authority confirmed Sirius Minerals has started building its mine.
The company is also said to be mulling a number of investment projects involving a Chinese chemical company.
Coal consumption had been cut by 73% since 2006, Dong Energy said, and its power stations would replace the fossil fuel with sustainable biomass.
Coal generation in Europe is falling and will continue to do so due to competition from cleaner energy sources and governments efforts to cut emissions, a study by The Economist Intelligence Unit (EIU) shows.
Jones will leave his current position at the exchange and serve as an adviser until the end of this year, according to a statement from Hong Kong Exchanges & Clearing Ltd, which owns the London bourse.
Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.
Banks Group’s Highthorn coal mine would provide about 100 jobs during its five-year operation, with no mining activity planned within 500 metres of Druridge Bay beach.
Transactions on the Mint’s bullion website increased by 25% during the first week of August and there was a 50% weekly jump in sales of gold bars and coins after August 4.
Traders are momentarily based at a windowless disaster-recovery site in Chelmsford, east of London.
Silver prices rose Monday as much as 6.9% to an intraday peak of $21.132 an ounce, its highest value since July 2014.
Elevated demand has translated into a 150% increase in revenue for Britain's official producer of gold and silver coins and bars.
Pensioners allowed to buy some of the Royal Mint's gold reserves for the first time.
Martin Abbot says brokers are unhappy with the exchange's new fees as well as the sense that the LME is moving away from its traditional metals trading roots.