News

Systematic, persistent explorer Stavely Minerals says recent gold and copper results from ongoing drilling at Thursday’s Gossan in Victoria “continues to provide strong vectors towards the core of the porphyry system” (reports MiningNews).

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7th September 2018

Kibaran Resources’ Epanko graphite project in Tanzania has received some certainty with the government’s mining commission agreeing to renew the project’s mining licence (reports MiningNews).

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Australian lithium producers could receive a boost over some South American rivals, after the Argentinian government flagged plans to impose a new tax on exports (reports The Australian Financial Review).

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BHP is understood to have locked up exploration acreage in close proximity to the Ecuadorian tenement that has made Brisbane-based explorer Solgold a takeover target, suggesting there is serious intent behind BHP’s $49 million investment in the explorer’s scrip (reports The Australian Financial Review).

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There has been nowhere to hide in recent weeks in the mining space, with both base and precious metals letting the side down.

There has been nowhere to hide in recent weeks in the mining space, with both base and precious metals letting the side down. But there is a happy bunch of mining investors out there. They’re the ones that in the back-half of last year picked up that the ever-opaque mineral sands sector was in recovery mode after five years of misery. Zircon in particular has been a star performer among the full suite of commodities.

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A 15% fall in the nickel price from $US7 a pound to $US6/lb over the past two months has not endeared the metal to every investor but there is a gathering of the rich and famous in the nickel sector that is becoming hard, and perhaps unwise, to ignore as big bets are placed on its revival.

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Western Australia’s diamond sector has had a shot in the arm with Lucapa Diamond Company reporting it has recovered more than 1100 diamonds from its Little Spring Creek discovery, less than 24 hours after talk arose around the possible reopening of the nearby Ellendale mine (reports MiningNews).

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Iran oil shipments are declining at a faster-than-expected pace ahead of U.S. sanctions set to begin in November (reports The Wall Street Journal).

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