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
Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday.Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies with operations close to its own mine in the Tarapaca area on the border with Bolivia, Gomez said, prin...Read More
Copper Mountain Mining of Vancouver met its 2018 full-year guidance with the production of 78.9 million lb. of copper from its Copper Mountain project 20 km south of Princeton. The mill treated 40,000 t/d with an average head grade of 0.31% copper.Copper equivalent production was 92.4 million lb., which includes 28,250 oz. of gold and 273,910 oz. of silver.Copper Mountain gave the following guida...Read More
San Marco Resources (TSXV: SMN) today announced that, following the completion of a first-phase of exploration and evaluation, experts were able to confirm the existence of a porphyry copper-molybdenum-gold system at the Esp?-ritu SMR property in northern Mexico's Sonora state.The 4697-hectare Esp?-ritu SMR property is located approximately 15 kilometres east of the town of Sahuaripa and is 100% o...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) nosedived Wednesday in London after the company posted a 13% drop in full-year gold output from Sukari, its only operating mine and the African country's sole bullion-exporting operation.The company produced 472,418 ounces of gold at the Sukari mine last year, compared to 544,658 ounces in 2017, due to disruptions and lower grades at...Read More
Concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, will drop about 85% this year because of a lag in output while operations shift from open pit to underground mining, a government official said on Wednesday.Shipments this year are expected to fall to 200,000 tonnes from an estimated 1.2 million tonnes last year, Yunus Saefulhak, director of minerals at Ind...Read More
Denison Mines Corp., headquartered in Toronto, has announced details of its $6-million exploration spending plans this year. Targets at Wheeler River, Waterbury Lake, and Hook-Carter properties - all in the Athabasca Basin - will be diamond drilled. At Wheeler River the drill program includes about 13,500 metres in 23 holes.At Wheeler River the drill program includes about 13,500 metres in 23 hole...Read More
ALX Uranium (TSXV: AL) and Denison Mines (TSX: DML) announced today they've just launched a winter diamond drilling program at the Hook-Carter uranium project located in the southwestern Athabasca Basin of Saskatchewan, Canada.The project, which is owned 80% by Denison and 20% by ALX, consists of 80 claims covering 24,229 hectares and is located approximately 375 kilometres northwest of the town o...Read More
Turkish pipe export prices have continued to fall with weak demand and lower costs for pipemaking raw materials, sources told Fastmarkets on Wednesday January 9.Steel pipe mills reduced their offers for EN10219-standard, grade-S235 tube, with 2mm wall thickness, to $570-580 per tonne fob from the $590-600 per tonne heard last month.Fastmarkets' monthly export price assessment for tube of this grad...Read More
The camp at Denison's flagship Wheeler River uranium project. (Image: Denison Mines)SASKATCHEWAN - Denison Mines Corp., headquartered in Toronto, has announced details of its $6-million exploration spending plans this year. Targets at Wheeler River, Waterbury Lake, and Hook-Carter properties - all in the Athabasca Basin - will be diamond drilled.At Wheeler River the drill program includes about 13...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Wednesday January 9, with a continued uptrend in copper, nickel and tin futures topping gains while a softer US dollar index continues to support commodity investment. Climbing furthest over the afternoon, the three-month copper price appreciated just shy of 1% during afternoon trading, closing at its hig...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 9 that are worth another look.Asian steel markets are in for another tumultuous year judging by the rate at which new developments are expected to spring up in 2019.In the United States, the chairs of seven committees in the House of Representatives requested that the US Treasury Department delay the terminat...Read More
Lead-zinc producer Recylex must bring forward maintenance at its Nordenham lead smelter due to the advanced deterioration of the main furnace there, the company said.The refractory bricks of its main furnace have worn out since it was connected to the new reduction furnace in June last year, Recyclex, Europe's third largest lead producer, said on Tuesday January 8. To connect with the reduction fu...Read More
RAPAPORT... Tiffany & Co. has begun disclosing the geographical originof its diamonds to consumers, pledging to go beyond the standardresponsible-sourcing methods prevalent in the industry. The company will provide information on stones' regions orcountries of origin in its engagement-ring display cases, starting Wednesday.For other diamonds, customers will be able to obtain provenance details...Read More
RAPAPORT... India's ICICI Bank will shut its branch in Antwerp onMarch 29, becoming the latest lender to quit the Belgian diamond market. The move followed a strategic review of ICICI's businessoperations in the country, a spokesperson for the company confirmed Wednesday.The bank has asked customers to close their accounts by February 28, accordingto a December 28 note to its clients, seen by Rapa...Read More
Steve Cotton has been appointed chief executive officer of Aqua Metals in addition to his existing role as company president, the California, US-based firm said. Cotton was also appointed to the company's board of directors as its seventh director.The company is developing AquaRefining technology designed...Read More
RAPAPORT... Whoever considered the holiday season over might need tothink again: Many jewelers are seeing just as much business during January asthey witnessed during the Christmas period, if discussions on a popularsocial-media forum are anything to go by. Customers are still visiting stores, and not only toredeem gift certificates and get their purchases repaired and resized,according to se...Read More
Tiffany & Co. is telling consumers where its diamonds come from as the jeweler tries to become more transparent in a notoriously opaque industry. Its top executive says the change was imperative."This is a topic that has become more and more relevant for new generations," Chief Executive Officer Alessandro Bogliolo said in an interview with Bloomberg TV. "This is our duty, as a leader in diamonds,...Read More
RAPAPORT... Diamond Foundry is increasing its production more than tenfoldand raising wholesale prices 15%, as it predicts an uptick in demand forlab-grown diamonds. The company believes there is a shortage ofsynthetic-diamond supply while consumer interest in the product is rising. Itplans to raise production to at least 1 million carats of rough per year,boosted by a new factory in Washington st...Read More
RAPAPORT... The Gemological Institute of America (GIA) has awarded its highest honor to veteran researcher Dr. James Shigley, a pioneer of synthetic-diamond detection. Shigley received the Richard T. Liddicoat Award for Distinguished Achievement, which is named after the GIA's second president. The accolade recognizes those who show "extraordinary commitment" to further the organization's mi...Read More