Majors and juniors swap roles in $7 billion a year mining exploration sector
Tin Mining News
The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.
A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.
Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.
The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.
Seaborne coal, tin prices are the big exceptions.
New report forecasts 20% improvement in nickel price by end-2017 – copper, lead, zinc, gold, silver to retreat.
Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.
"The run-up in base metal prices, particularly after the US Presidential election, may be getting ahead of fundamentals."
Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.
With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.
TABLE: China's copper demand grew 11-fold in 15 years – the rest of the world shrunk. Sans China, the nickel market would've barely broken a million tonnes.
Congolese security forces accused of shooting civilians in the southern city of Lubumbashi.
New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.
Industrial metals surge as US president elect vows massive infrastructure spending – budget could top $500 billion.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
Last year, the country's cobalt production accounted for just over half of the world's output.
While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
Resistance breach shows significant upside potential for base metals.
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.
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.
China's domestic iron ore, copper, nickel, zinc, lead and bauxite mining output is slowing dramatically.
And one that's ultra-bearish.