On Monday, Sheritt International reached a milestone at its Ambatovy joint venture. It hit a production rate equivalent to 54,000 tonnes of nickel on an annualized basis, or approximately 90 percent of its nameplate capacity, "measured over 90 days in a 100-day continuous period."
Copper Fox Metals' share price has been on the rise as of late, and on Monday it continued to see gains. At close of day, it was up 17.86 percent, trading at $0.33. Roughly 1.73 million shares traded hands, or about five times the company's daily average.
The company announced Friday that it has entered into an arrangement agreement that will see it acquire SciVac, a private company. The deal will give Levon ownership of a commercial-stage, potentially best-in-class hepatitis B vaccine.
While plans to ban uranium mining in Queensland have miners in the state up in arms, other Australian states are reportedly ready to reap the benefits.
This new deal will see Woojin transfer its proprietary ferrovanadium technology to TNG. That will allow the Australian company to convert vanadium pentoxide into high-value ferrovanadium at a conversion plant that will be established at TNG's TIVAN refinery site.
Copper investors were likely pleasantly surprised looking at price charts at the end of this week. After plummeting near the start of the year and sitting around $2.60 per pound for the past month, the metal's price appear to be heading up.
On March 20, 2015, the London gold fix will be replaced by the LBMA gold price. Here's a breakdown of what exactly that transition will mean for investors and for the gold price.
Junior exploration and development company Corvus Gold is currently focused on advancing its Nevada-based North Bullfrog project. At PDAC, CEO Jeff Pontius was able to provide an update on how work there is progressing.
PotashCorp has already expressed its disappointment with the news. It pointed out that "changing the rules midstream impacts the ability of our shareholders to earn a fair return on their capital and undermines Saskatchewan's relative competitiveness."
The Bank of Nova Scotia said Thursday that it's looking to sue Cliffs for $52.6 million. According to the bank, the company breached the terms of a loan agreement when it filed for creditor protection for its Quebec-based Bloom Lake mine.