Plentiful supplies to hamper molybdenum’s price rally
Expectations are for the molybdenum market estimated at around 580 million lbs to be balanced or see a small deficit this year.
Latest Stories
Vale to shutter Mozambique coal operations for 3 months
The move could have severe implications for the country’s balance of payments and currency, as coal is by far its biggest source of export earnings.
BHP’s Henry signals new technology a focus in first speech
Henry said a BHP team had built an Internet of Things sensor gateway, which collects real time data from sensors on mobile and fixed equipment.
Anglo American sells stake in Australian coal mine for $141m
A 12% interest in the Grosvenor coking coal mine is being acquired by a consortium of Japanese companies.
Orestone kicks off exploration campaign in Chile
Through its subsidiary, Cerro Golpe de Rayo, the Canadian miner will start exploring the Resguardo property.
NioCorp engages key players to keep Elk Creek project environmentally friendly
The company has partnered with DuPont and Veolia to deal with emissions and water treatment.
Aurania finds evidence of highly sought-after lost gold city in Ecuador
Company geologists found vestiges of an old road in the central part of its Lost Cities-Cutucu project.
Rio Tinto invests $749 million in Pilbara iron ore mine
The company said the project is expected to deliver internal rate of return with a capital intensity of about $25 per tonne of production capacity.
Nautilus Minerals officially sinks, shares still trading
Court papers noted that Nautilus had two distinct business units, one dealing with polymetallic nodules, and one dealing with seafloor massive sulphides.
