July 16, 2011

Base metals edge higher in Mumbai

Lead gained 45 paise/kg to close at 120.50, the outlook still positive on strong Chinese demand. Though consumption of the metal has been slow in US and Europe, rising car…

July 15, 2011

Glencore to stop reporting quarterly results

Glencore has decided to stop reporting its results every quarter, in a move that is likely to soothe tensions with Xstrata, the mining company in which it owns a 34…

July 13, 2011

Japan Times: China raises spectre of undersea mining with world’s deepest diving submersible

The prospect of mining the ocean floor may seem far-fetched, but China, motivated by its insatiable hunger for resources, has opened its eyes to the idea. According to a story…

July 11, 2011

China hikes smelting, steel capacity cuts

Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.

July 11, 2011

Sumitomo Metal Mining zinc and lead operations at Harima smelter set for major revamp

Sumitomo Metal Mining Company Limited in a move designed to enhance the company’s competitive position in zinc smelting operations has decided to terminate processing of zinc and lead concentrates which…

July 11, 2011

LME non ferrous trading climbs 16 per cent in H1 2011

LME non-ferrous trading climbs 16 per cent in H1, 2011 Read more : non-ferrous metals,ferrous metals,lme,commodity derivatives LONDON (Commodity Online): Non-ferrous trading registered a growth of 16% in volumes at…

July 8, 2011

Breakaway Resources – Altia joint venture: further drilling planned

Breakaway Resources Limited (ASX: BRW) is pleased to advise that BHP Billiton Minerals Pty Ltd (ASX: BHP - "BHP Billiton") is proposing further diamond drilling under a Farm-in and Joint…

July 7, 2011

Trevali announces $15 million non-brokered private placement

Trevali Mining announced that it has arranged a non-brokered private placement of up to 10,000,000 common shares at a price of CDN $1.50 per common share to raise gross proceeds…

July 7, 2011

Trading opportunity seen in zinc and lead: SMC Global

Zinc and Lead have shown stunning recovery recently as Greece passed austerity measures but this will be short lived and it is only relief measure because overall euro zone problems…

July 2, 2011

Canadian mining sector has a great April: Statistics Canada

Canadian base metal and coal miners were the nation's economic bright spot in April, according to report from Statistics Canada released on Thursday. The study, which looked at gross domestic…