News

Alicanto has picked up one of the largest and highest grade historical silver mines in Europe that may still have significant exploration upside (reports Stockhead).

Alicanto has picked up one of the largest and highest grade historical silver mines in Europe that may still have significant exploration upside (reports Stockhead). Standout numbers at the Sala mine in Bergslagen, Sweden, include the production of more than 200 million oz of silver at grades of up to 7,000 grams per tonne (g/t) silver – and averaging at 1,244g/t silver – as well as 35,000t of lead up to when it was shut in 1962 on the belief that it was mined out.

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Trigg Mining (ASX: TMG) has unveiled a “significant” exploration target for its Lake Throssell sulphate of potash project in Western Australia, which it claims highlights the asset’s large-scale potential and high-grade SOP (reports Small Caps).

Trigg Mining (ASX: TMG) has unveiled a “significant” exploration target for its Lake Throssell sulphate of potash project in Western Australia, which it claims highlights the asset’s large-scale potential and high-grade SOP (reports Small Caps). The exploration target covers about 70km of strike out of a total length of 112km. It is based on 36km of exploration results from the palaeovalley, plus a further 34km of strike which is considered to have similar geology and brine characteristics.

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It doesn’t get much better for investors in Australian resources as surging global demand drives prices to multi-year highs with the promise of more to come as confidence rises in vaccines taming the spread of Covid-19.

It doesn’t get much better for investors in Australian resources as surging global demand drives prices to multi-year highs with the promise of more to come as confidence rises in vaccines taming the spread of Covid-19. Dr Copper, the metal used in almost everything and a widely quoted prophet of future economic growth, is leading the way, rising to a nine-year high of $US3.77 a pound. Platinum, the forgotten precious metal, is trading at a six year high of $US1215 an ounce. Most other commodities, bar gold, are also trading at multi-year highs, especially battery metals.

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Liontown Resources has appointed a new managing director and CEO to drive the development of the Kathleen Valley lithium deposit (reports MiningNews).

Liontown Resources has appointed a new managing director and CEO to drive the development of the Kathleen Valley lithium deposit (reports MiningNews). Senior BHP executive Tony Ottaviano will take up the top job from May 1. Ottaviano was most recently program director BHP operating system and improvement at BHP and was previously vice president, strategy, development and planning at BHP Iron Ore. A mechanical engineer, he has also worked at Argyle and for Wesfarmers.

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Boss Energy managing director Duncan Craib says the company is well-positioned to take advantage of improving uranium market fundamentals (reports MiningNews).

Boss Energy managing director Duncan Craib says the company is well-positioned to take advantage of improving uranium market fundamentals (reports MiningNews). Craib told the Resources Rising Stars Summer Series that current dynamics in the uranium market were "fascinating". "Investor sentiment is front-running an expected rise in price," he said. Shares in Boss have roughly doubled since the start of November.

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With agricultural prices soaring, metal prices hitting the highest in years and oil well above $US50 a barrel, JPMorgan Chase & Co. is calling it — commodities appear to have begun a new supercycle of years-long gains (reports Bloomberg).

With agricultural prices soaring, metal prices hitting the highest in years and oil well above $US50 a barrel, JPMorgan Chase & Co. is calling it — commodities appear to have begun a new supercycle of years-long gains (reports Bloomberg). A long-term boom across the commodities complex appears likely with Wall Street betting on a strong economic recovery from the pandemic and hedging against inflation, JPMorgan analysts led by Marko Kolanovic said in a report on Wednesday.

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Despite iron ore’s well documented economic significance, it faces deep-seated pessimism among industry commentators (writes Mark Eames in The Australian Financial Review).

Despite iron ore’s well documented economic significance, it faces deep-seated pessimism among industry commentators (writes Mark Eames in The Australian Financial Review). The commodity supports 70 per cent of the world’s steel production. Steel is everywhere, underpinning our modern civilisation. Production of the next most significant metal, aluminium, is one-30th the volume of steel globally. Iron ore generates two-thirds of global mining industry profits.

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The broad upswing in commodity prices since the depths of the coronavirus crisis represents just the first leg of a sector-wide “bull market” fanned by government spending, analysts and investors say (reports The Financial Times).

The broad upswing in commodity prices since the depths of the coronavirus crisis represents just the first leg of a sector-wide “bull market” fanned by government spending, analysts and investors say (reports The Financial Times). Wall Street banks are telling their clients to increase their exposure to raw materials, which are poised to benefit from a vaccine-driven global economic recovery, aided by fiscal stimulus.

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