Yamana Gold’s stock was up 4.65% in after hours trading.
USA Mining News
US-China trade spat benefitting copper miners as tariffs on scrap imports boost concentrate shipments 17% to nearly 2m tonnes.
Iron Creek contains 26.9 million inferred tonnes grading 0.08% cobalt and 0.3% copper for 46.2 million lb. cobalt and 176.2 million lb. copper.
The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.
The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.
Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
The company’s stock closed Tuesday in Sydney 1.82% higher at A$8.97 on the news.
Perhaps it is no coincidence that the New York Fed made a stunning admission this week that the US dollar could lose its reserve status.
Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to “a nice beach somewhere far from Venezuela.” The question is where would -- or could -- he go?
To boost coal use in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year.
While there are deficits ahead, the global aluminium demand picture will improve.
Arconic has been under pressure from its biggest shareholder Elliott Management Corp to sell itself.
"The 50% tax cut for U.S. Steel to stay in Gary is not going to cause a population growth and employment opportunities."
The European steel sector is navigating choppy waters as the car industry is slowing and pressure on oil prices has dampened demand from the oil equipment industry.
Each company will contribute an additional $1 million for exploration at the Upper Kobuk mineral projects.
The company staked 35 new claims that cover potential extensions to the high-grade ore previously mined at the site.
By 2030, oil demand could hit a peak and then enter decline.
Analysts believe the price surge lines up with the market halting up to 40 million metric tonnes of Vale’s iron ore production.
US government shutdown means we don’t know how hedge funds are positioning themselves, but everyone else seems to be piling into gold.
Benchmark's MD Simon Moore told the Senate Committee on energy that 70 battery megafactories are in global production – up from 17 .
The best defense against the repercussions of a mounting pile of debt, and the new cold war, is to own gold - the traditional safe haven.
Carmakers may have to consider investing directly in cobalt mines in order to secure supply over the next three to five years, according to ord Motor Co. senior manager for energy storage strategy and research Ted Miller.
1-carat stones fell by 0.4% last month and 1.8% compared to January 2018.
Effective June 1, 2019.
With the permit cancelled, it is hard to see how the Fraser Surrey Docks coal project could ever end up being built.