S&P’s sees further improvement in most metal prices in year ahead

MINEX FORUM | March 6, 2018
img0 Metals prices have benefited from the improved global economy and from a recently weaker US dollar, in which most commodities are valued, with the Standard & Poor’s (S&P’s) GSCI reaching a two-year high on January 26, aiding the uptick in global exploration, the research firm’s ‘World Exploration Trends’ report reveals. In January 2018, the dollar’s trade-weighted value was ...

Global metals exploration likely to rise 20% in 2018 – S&P Global

MINEX FORUM | March 6, 2018
img0 Global mining exploration budgets are expected to swell about 20% this year, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P’s Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in 2017 to an estimated $8.4-billion, compared with $7.3-billion in 2016, representing the ...

Finnish nickel mine founder files for bankruptcy

MINEX FORUM | March 6, 2018
img0 Finland’s Ahtium Oyj , formerly named Talvivaara Mining Company, which ran a troubled nickel mine in northern Finland, said on Tuesday it had filed for bankruptcy after failing to secure financing for future projects. Ahtium is the former owner of the mine which leaked wastewater in 2012 and faced serious production problems, prompting the Finnish government to take control of it in ...

Russia’s 2018 gold production expected to rise 3% – lobby

MINEX FORUM | March 6, 2018
img0 Russia’s gold production in 2018 is expected to rise by 3% to 328 t on higher output from mines, producers’ lobby Gold Industrialists’ Union said on Tuesday. The estimate includes output from mines, from gold as a by-product of other metals, refined from scrap and goldcontaining concentrate. Refined gold output from mines rose 7% to 271 t and is expected to reach 285 t in 2018, ...

Nornickel profit falls 16%, palladium now largest revenue contributor

MINEX FORUM | March 6, 2018
img0 Nickel and palladium producer Norilsk Nickel (Nornickel) has posted a 16% drop in full-year net profit, as the miner realised a smaller foreign exchange gain. Nornickel reported a net profit of $2.12-billion for 2017, compared with $2.53-billion in 2016, the company reported on Tuesday. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) increased by 2% to $4-billion, with ...

PDAC talk turns to western belter

MINEX FORUM | March 6, 2018
img0 Medgold Resources is exploring the Serbo-Macedonian Massif, which it says is under-explored and more accessible compared to the older upper Cretaceous Timok Belt Hot developing copper and gold addresses are a big hit with mining crowds at the moment, emphasised by the many latecomers standing at a Sunday PDAC 2018 session focused on one of ...