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China's 2024 iron-ore imports seen similar to last year's - Vale
Published: 09 May 24
Imports of iron-ore by China, the world's biggest buyer, in 2024 are expected to be around 1.17-billion to 1.18-billion metric tons, similar to last year's 1.18-billion tons, a senior official of miner Vale said on Wednesday.
"In the near term, we are still seeing strong resilience in the Chinese economy, although the property market is slowing down in the next few years," Eduardo Mello Franco, marketing manager for pricing at Brazilian mining company Vale told an industry conference in Singapore.
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Rob McEwen optimistic about Argentina’s economic revival
Published: 09 May 24
Renowned mining magnate Rob McEwen is optimistic about Argentina’s economic prospects, citing President Javier Milei’s commitment to fiscal discipline and foreign investment as key drivers for growth.
McEwen recently returned from a trip to Argentina, where he met Milei and engaged in discussions about the country’s economic future. The Canadian mining executive praised the Milei’s proactive approach, highlighting his focus on sound economic principles designed to unburden the economy and get Argentina growing.
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US Gold receives CK operating permit
Published: 09 May 24
The CK gold mining project, in Wyoming, is on track for all the necessary permits for development by the middle of the year, US Gold Corp CEO George Bee reported on Wednesday, announcing the approval of a mine operating permit.
The Wyoming Department of Environmental Quality (WDEQ) issued US Gold subsidiary Gold King a surface gold mine permit, subject to certain conditions.
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Nutrien beats quarterly profit estimates on robust North America demand
Published: 09 May 24
Nutrien, the world's biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory.
The company's US-listed shares were up 1% at $55.99 in aftermarket trade.
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Australia backs long-term gas exploration despite 2050 climate goals
Published: 09 May 24
Australia's resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the incumbent Labor Party that oppose its use.
Australia, one of the world's largest producers of liquefied natural gas (LNG), is committed to reducing its emissions to net zero by 2050.
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April was strong for gold but ‘stagflation’ concerns abound – WGC
Published: 08 May 24
According to the World Gold Council (WGC), gold had another good month in April, posting a 4% gain and ending the month at $2 307/oz. “Unlike March, gold finished off its intra-month high from probable buyer reticence and profit-taking, reflected in falling Chinese premia, lower Indian imports and flat-lining Comex positioning.
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West African progresses bulk earthworks, tailings dam construction at Kiaka
Published: 08 May 24
ASX-listed West African Resources has made significant progress on its Kiaka gold project, in Burkina Faso, as construction continues to advance on the 219 000 oz/y operation.
In particular, the company is nearing completion of a water storage dam and bulk earthworks for a mining services area.
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Sovereign reports ‘excellent’ graphite testwork results
Published: 08 May 24
ASX- and Aim-listed Sovereign has reported “excellent” results from graphite testwork completed at multiple independent laboratories in Australia, Canada and South Africa using a conventional flowsheet that was consistent across all laboratories. The company believes this confirms its ability to produce a high-quality graphite concentrate.
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Black Cat releases updated study for ‘cash cow’ Paulsens
Published: 08 May 24
ASX-listed Black Cat Syndicate has released the May 2024 restart study for the Paulsens gold mine, which details substantially higher returns than the November study on the back of a stronger gold price.
The latest study is based on a gold price of A$3 500/oz, compared with A$2 900/oz in November 2023, which bolstered operating cash flow by 81% to A$201-million.
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Boss prepares for first Honeymoon sales
Published: 08 May 24
Commissioning of the Honeymoon uranium project, in south Australia, is proceeding to plan, with key metrics exceeding feasibility study forecasts, Boss Energy MD Duncan Craib said on Wednesday.
The outperformance, he said, was reflected in the results of the uranium-rich pregnant leach solution from the wellfields, ion exchange (IX) column resin loading and high-grade IX column eluate.
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Akkuyu nuclear power plant project, Türkiye – update
Published: 10 May 24
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Published: 10 May 24
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Published: 10 May 24
A standard skidding operation evolved into an opportunity for heavy lifting solutions provider Mammoet to showcase its ability to reduce the carbon...
Conditions still challenging, but contractors report noticeable uptick – MBA North
Published: 10 May 24
Last year was one of the most challenging years the Master Builders Association (MBA) North has ever experienced, with many of its long-standing...
