Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Base metals prices on the London Metal Exchange were mixed during morning trading on Tuesday January 8, with prices remaining stable and market sentiment broadly positive amid US-China trade talks and a continued softening in the US dollar index. Continuing their uptrend, both copper and nickel futures consolidated higher over the morning, with the former making a continued approach towards $6,000...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday January 8*Copper -$61.39 (-422.08 yuan) Aluminium -$374.94 (-2577.67 yuan) Zinc $18.23 (125.36 yuan) Nickel -$139.52 (-959.18 yuan) *Fastmarkets MB calculates the physical arbitrage for import into China daily by using SHFE front-month and LME...Read More
China's hot-rolled coil exporters kept offer prices high on Tuesday January 8 following stable prices in the domestic market, although overseas buyers are bidding much lower with access to cheaper goods from other countries.DomesticEastern China (Shanghai): 3,660-3,680 yuan ($534-537) per tonne, widening downward 10 yuan per tonneNorthern China (Tianjin): 3,620-3,650 yuan per tonne, up 2...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, Tuesday January 8. Tin was unchanged, while the rest were down between 0.1% for copper and lead and 0.7% for aluminium, with zinc and nickel off by 0.6% and 0.5% respectively. The three-month copper price was recently quoted at $5,909 per tonne.Volume across the complex has been average with 5,0...Read More
China's domestic rebar prices were stable on Tuesday January 8 amid a divided outlook on prices in the coming weeks and higher billet prices being negated by lower futures.Domestic Eastern China (Shanghai): 3,730-3,780 yuan ($544-551) per tonne, unchangedNorthern China (Beijing): 3,650-3,680 yuan per tonne, unchangedSpot market traders kept their prices flat as higher billet prices were...Read More
In 2017, every prominent economic forecasting entity was shouting from the rooftops about "synchronized global growth." This was a reference to the fact that not only were certain economies growing, but they were all growing at the same time.Chinese GDP growth had come down but was still substantial at 6.85%. U.S. GDP growth was posting solid gains of 3.0% in the second quarter of 2017 and 2.8% in...Read More
Fed Chair Jay Powell just sent the most powerful signal from the Fed since March 2015. He has pretty much taken a March 2019 rate hike off the table until further notice. At a forum hosted by the American Economic Association in Atlanta last Friday, Powell used the word “patient” to describe the Fed’s approach to the next interest rate hike. When Powell did this, he was...Read More
January 8, 2019 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce drill results from the Benner Harris cobalt-silver target and concludes drilling of the kimberlite target at its wholly owned Langis project located in the Cobalt Camp, Ontario, Canada.Highlights Drill hole LM-18-49 intersected 0.44% cobalt, 41.03 g/t silver, over 3.00m from 44.00m depth,...Read More
Up to 1,500 elementary school teachers across Colorado could receive training this year to teach basic computer science concepts in their classrooms, thanks to a new partnership between Colorado School of Mines and the Colorado Department of Education.The state will provide funding to the Mines Computer Science Department for free, one-day workshops for K-5 teachers across the state. School distri...Read More
Colorado School of Mines welcomed back students today for the start of the Spring 2019 semester. Mark you calendar for these and other exciting upcoming events: Feb. 7: #IDigMines Giving DayFeb. 12: Spring Career Day April 11-14: Engineering DaysMay 9-10: Spring CommencementFor more information on upcoming events and activities, go to calendar.mines.edu. CONTACTEmilie Rusch, Public Inf...Read More
While wider mining markets may have been subdued in 2018, mineral exploration in British Columbia, Yukon and the Northwest Territories continued to be a hotbed of activity, with junior and mid-tier companies advancing projects across the region. Here is a look at eight such companies.ASCOT RESOURCESVancouver-based junior Ascot Resources (TSXV: AOT; US-OTC: AOTVF) is exploring for gold and silver i...Read More
Juggernaut Exploration (TSXV: JUGR; US-OTC: JUGRF) has discovered a new gold zone on its Midas gold property in northwestern B.C. after drilling 6.85 grams gold per tonne over 9 metres from 35 metres downhole.The company was following up on results from an induced polarization (IP) survey that identified an anomaly about 125 metres below surface. It believes that anomaly represents a deeper feeder...Read More
It was finding gold at Rabbit Creek and along the riverbeds of the Klondike that forever changed one of the world's final frontiers - the Yukon Territory - and cemented the region's roots as an inspiring Canadian mining district.Yukon's rich mining history continues to provide exciting discoveries, varied commodities and significant opportunities for northerners and investors alike.As we kick off...Read More
As Minister of Industry Tourism and Investment for the Government of the Northwest Territories, one of my jobs is to champion resource development for our unique place in Canada's North.At events, conferences and meetings, I tell people about our rich mineral resources; I talk about what we're doing as a government to support exploration; I highlight what northern resource and infrastructure devel...Read More
Mining chatter in the Yukon these days is all about the yellow metal. It's been that way for at least 10 years, according to geologist Mike Burke, who spent more than 20 years working for the Yukon Geological Survey before moving to the private sector."People were having a hard time in 2008, and then along came Kinross and bought Underworld Resources. That started an area play," Burke recalls. Now...Read More
Golden Mile has the right stuff: ReynoldsSPONSOREDgolden mile resourcesDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalThe Ley Reservada was enacted in October 1958 and directly allocates 10% of export sale...Read More
Swedish industrial group Atlas Copco has acquired Industrie Pumpen Vertriebs GmbH (IPV), a German distributor of industrial pumps, including Italy-based Varisco at an undisclosed price. Italy-based Varisco has been owned by Atlas Copco since late 2015.IPV is based in Dresden, and reported revenues of approximately ?,?5 million (5.7 million) in 2017. It has around 20 employees.IPV will become pa...Read More
Copper output in Chile, the leading producing nation, is expected to exceed 6 million tonnes for the first time this year and continue to rise by about 30% over the next 10 years, according to the country's state copper agency, Cochilco.Production of the red metal, the agency says, could reach a record of 7.25 million tonnes as early as 2025, thanks mainly to new projects and planned expansions to...Read More
Defiance Silver Corp (TSX-V: DEF) and ValOro Resources (TSX-V: VRO) have created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of the Canadian province of British Columbia.In a media statement, the Vancouver-based miners describe Defiance Silver Corp as "a leading diversified explorer with an advanced portfolio of Mexi...Read More
Pierre Lassonde, chairman of Franco-Nevada, joins BNN Bloomberg to discuss why he believes 2019 will be a favorable year for gold. He also discusses his concerns about mining activity slowly moving away from Canada.Read full newsRead More