Chinese firms plan rare earth manufacturing hub in Hebei

Chinese firms plan rare earth manufacturing hub in Hebei

A group of Chinese firms have jointly established a rare earths innovation centre in the country’s Hebei province as part of a plan to develop a manufacturing base in the region, according to the local government hosting the project. The move...

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Gold price jumps to 5-year high

Gold price jumps to 5-year high

Gold reached a five-year high on Wednesday breaking through a major resistance level after the US Federal Reserve signalled a rate cut is in the offing. Gold for delivery in August, the most active futures contract trading in New York, reached an...

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African banks to fund construction of world’s biggest marine diamond mining vessel

African banks to fund construction of world’s biggest marine diamond mining vessel

Five African commercial banks have partnered in a $375 million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American’s diamond unit De Beers. Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek...

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The biggest winner from a rise in precious metals

The biggest winner from a rise in precious metals

The world’s best-performing precious-metals stock is up almost 90% this year, and there are signs the rally could run even further. Impala Platinum Holdings Ltd. has outpaced 87 global peers with a market value of at least $1 billion in 2019...

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Liberty Gold stock hits 52-week high on new drill results

Liberty Gold stock hits 52-week high on new drill results

Liberty Gold Corp. (TSX: LGD) announced today that it has intersected thick intervals of high-grade gold mineralization at its Black Pine project in Idaho. Highlights of the latest drill results include: 1.78 g/t Au over 47.2 m, 1.51 g/t Au over...

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China’s Desai to Build USD375.4 Million IoT Battery Plant in Guangdong

China’s Desai to Build USD375.4 Million IoT Battery Plant in Guangdong

A unit of Desai Battery Technology will construct a CNY2.6 billion (USD375.4 million) plant in southern Guangdong province to make power units for Internet of Things devices in order to improve its product offering. Desai Battery plans to pen a...

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Anadarko Approves $20 Billion LNG Export Project in Mozambique

Anadarko Approves $20 Billion LNG Export Project in Mozambique

U.S. energy firm Anadarko Petroleum Corp on Tuesday gave the go-ahead for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa. The announcement, which occurred at...

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Copper price surges as supply worries return

Copper price surges as supply worries return

The price of copper surged on Tuesday after a strike at one of the largest copper mines in the world and optimism about a ceasefire in the trade war between the world’s two largest economies. In afternoon trading in New York, copper for delivery...

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Jaguar Mining raises $25m; stock up over 40%

Jaguar Mining raises $25m; stock up over 40%

Jaguar Mining Inc. (TSX: JAG) today announced a $25 million private placement offering through the issuance of common shares at a discount of C$0.085 (the closing price of JAG shares on June 17 was C$0.12). The company’s two largest shareholders...

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US military firms likely to face China rare earth restrictions – Global Times

US military firms likely to face China rare earth restrictions – Global Times

Military equipment firms in the United States will likely have their supply of Chinese rare earths restricted, the Global Times said on Monday, after China’s state economic planner confirmed industry experts have proposed export controls. China...

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U.S. Shale Oil Output to Rise to Record 8.52 Million Barrels Per Day in July: EIA

U.S. Shale Oil Output to Rise to Record 8.52 Million Barrels Per Day in July: EIA

U.S. oil output from seven major shale formations is expected to rise by about 70,000 barrels per day (bpd) in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on...

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