News

Global producers of electric cars have big ambitions and a bigger problem: supplies of a key material are running short (reports The Wall Street Journal). Nickel sulfate is a brilliantly coloured crystalline substance used in electric-vehicle batteries. The ore most commonly used to produce it is mined in only a handful of places -- and they include some of the most politically or operationally challenging, such as Russia or Canada’s frozen Northeast.

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A Perth outfit set up just five years ago to develop offshore survey technologies has hooked a whale, enticing Woodside Petroleum into a partnership that aims to make the acquisition of seismic data from the ocean floor cheaper and safer (reports The West

A Perth outfit set up just five years ago to develop offshore survey technologies has hooked a whale, enticing Woodside Petroleum into a partnership that aims to make the acquisition of seismic data from the ocean floor cheaper and safer (reports The West Australian).

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It’s not easy being an optimist during a trade war, but there is a positive pattern emerging from negative events such as Brazil’s iron ore crisis and Indonesia’s nickel export ban, and if you look closely there could be another outage-event looming.

It’s not easy being an optimist during a trade war, but there is a positive pattern emerging from negative events such as Brazil’s iron ore crisis and Indonesia’s nickel export ban, and if you look closely there could be another outage-event looming. Rare earths, which have been on investor radar screens for the past year, have come off the boil lately, with local sector leader Lynas Corporation sliding over the past month by 44c (15%) to $2.41.

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Lucapa Diamond Company has posted a US$1.1 million net profit after tax for the first six months of the year (reports MiningNews).

Lucapa Diamond Company has posted a US$1.1 million net profit after tax for the first six months of the year (reports MiningNews). The result compared with a $4.3 million loss for the first half of 2018 and came despite a challenging period for the diamond sector. Diamond sales for the half were $29.4 million, including $22.1 million from the Lulo mine in Angola. At the new Mothae mine in Lesotho, diamond carat production was 36% ahead of plan, while operating costs were 14% below forecasts.

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6th September 2019

Tiddler Valor Resources is turning its gaze towards the Western Australian Goldfields with an agreement to acquire an interest in the high-grade Radio mine near Southern Cross in Western Australia (reports MiningNews). Valor's Berenguela copper-silver-manganese project in southeast Peru was recently joint ventured out to Rio Tinto's Kennecott Exploration Company, and with that project in hand it is looking to establish a gold revenue stream by early 2020.

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Sandfire chief says this longer-term outlook means now is the time to get set for the next cycle. Plus, African minister’s appearance at local conference fuels hopes that its Mining Right is imminent.

Copper producers are rightly feeling a bit glum, most of them anyway. Prices for the bellwether of global economic activity have slipped in recent months to an uninspiring $US2.56/lb. That compares with the average price for the first half of the calendar year of $US2.80/lb and the 2018 calendar year average of $US2.96/lb. As noted recently by BHP’s VP of markets analysis and economics, Huw McKay, copper is being heavily influenced by the whipsawing of expectations with respect to the US–China trade confrontation.

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Congratulations to readers who took seriously last week’s departure from the norm with mention in this column of the long-neglected small oils sector because some of them could have doubled their money on Strike Energy.

Congratulations to readers who took seriously last week’s departure from the norm with mention in this column of the long-neglected small oils sector because some of them could have doubled their money on Strike Energy. Interest in Strike, and a number of other small oil stocks, such as Cooper Energy, Carnarvon Petroleum and Warrego Energy, has been building as a recovery in exploration accelerates after the painful oil-price crash of five years ago.

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Picking winners in a flat market is not easy but over the past week there has been a sector swimming against the tide - small oils.

Picking winners in a flat market is not easy but over the past week there has been a sector swimming against the tide - small oils. Once a favorite among Australian investors, and still quite large when you look beneath the dominance of a handful of mega-oilers such as Woodside and Santos, the small oil sector was almost universally up last week when almost everything else was down.

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