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Vibratory or Belt? Conveyors for Every Angle

22 January 2019 - 14:34
A major player in the aluminum automotive components industry was frustrated by the capabilities of an integral part of their die casting process: the use of belt conveyors. Although extremely common to handle scrap material in die casting facilities, this type of conveyor in this environment is renowned for causing production shutdown and maintenance issues.

Prospero begins phase 2 drilling at Pachuca

22 January 2019 - 14:22
Prospero Silver has begun phase two drilling at its Pachuca SE project in Hidalgo State, Mexico, shortly after Fortuna Silver Mines (TSX: FVI; NYSE: FSM) exercised its option to acquire up to 70% of the project in late 2018. Fortuna can earn its interest in Pachuca SE by spending US$8 million on the project, including at least US$1 million in the first year, and completing a preliminary economic assessment.

Don’t give up on the diamond industry just yet

22 January 2019 - 14:14
If diamond miner equities are a proxy, the sentiment surrounding the diamond industry is currently at historic low levels. Just in the last two years, a basket of diamond producer stocks was down 28.9% in 2018, following a decline of 17.3% in 2017 (see Figure 1 below).

Barrick mulls selling Zambia copper mine over higher taxes

22 January 2019 - 14:09
Gold giant Barrick (TSX:ABX)(NYSE:GOLD) said Monday that while it continues to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for its Lumwana copper mine, it would consider selling the operation given the “challenging conditions” it’s facing.

Global Energy Metals buys cobalt project near Tesla gigafactory

22 January 2019 - 14:03
In its quest to become a niche supplier of cobalt, Global Energy Metals (GEMC:TSX.V) announced it has signed an agreement with Nevada Sunrise Gold Corp to acquire an 85% interest in the Lovelock cobalt mine and the Treasure Box project, located in Churchill County, Nevada.

Slower growth weighs on base metals but constructive for gold, CIBC says

22 January 2019 - 13:40
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says.

Copper price falls after Chinese economic growth hits 28-year low

22 January 2019 - 13:33
The copper price came under renewed pressure on Monday after headline figures showed a slowdown in the Chinese economy to annual rates of growth not seen in nearly three decades.

Pakistan to Face Energy Crisis without Iran’s Gas

22 January 2019 - 13:21
Pakistani policymakers have reached the conclusion that the country will face serious energy problems in 2020s without Iran’s gas supply.

Germany Plans to Sanction Iran's Mahan Air

22 January 2019 - 13:14
Germany plans to ban Iranian airline Mahan Air from its airports, media reports said on Monday, in an escalation of sanctions adopted by the European Union against Iran.

Japan Refiners Load Iran Crude

22 January 2019 - 13:05
Fuji Oil, jointly with Showa Shell, has loaded the first Iranian crude oil cargo being lifted by Japanese refiners since the country won a 180-day waiver from the US to import oil from Iran, a Fuji Oil official told S&P Global Platts Monday.
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