The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.
Nickel Mining News
OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.
River near the eponymous city of world's top nickel and palladium miner turns crimson.
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Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%
The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.
The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".
The worst is over, at least for base metals, says Moody's, but warns that challenging industry conditions should continue through to at least 2018.
New report says base metal prices have bottomed, but there's hardly any upside – and that includes the zinc price.
China's domestic iron ore, copper, nickel, zinc, lead and bauxite mining output is slowing dramatically.
And one that's ultra-bearish.
Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.
Glencore's will continue to curtail production in zinc, copper and other metals – it's clear why.
Rapid, large-scale urbanization will see India's top three cities rival the combined economies of Vietnam, Philippines and Malaysia.
The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.
Philippines president Rodrigo Duterte tells miners "We will survive as a nation without you" as ministry shuts down three nickel mines in a month.
Both countries have poor records for enforcing environmental regulations, leading to tensions between communities and the mining sector, which the leaders of both countries have pledged to address.
It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.
Industrial metals are now all trading above their 100-day moving averages and most are no longer in backwardation.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.
The government will maintain 1.4 billion pula ($130 million) of annual spending on state-owned BCL for now.
The company said financial losses at the mine threaten the viability of the rest of the Cooke operations, which include four mines and three processing plants.
Nickel's jumped back above $9,000 and the outlook is for steady price increases through 2019 despite possible lifting of Indonesian export ban – report.
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.