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
The prices for cobalt products in China were broadly steady on Wednesday January 23 on limited availability of prompt cargoes, but market participants are wary of price vulnerability after the Chinese New Year holiday on February 4-10. Fastmarkets MB assessed the Chinese domestic min 99.8% Co price at 325,000-350,000 yuan per tonne ($18.72-20.16 per lb, less China VAT) on Wednesday, unchanged...Read More
European molybdenum prices rose in trading this week, with oxide bouncing off a six-month low and ferro-molybdenum off a low last seen in December 2017 after a raft of new deals. The moves were fueled by a relative tightness in oxide, which pulled up alloy offer prices, although muted consumer demand for ferro-molybdenum and readily available supplies in Rotterdam may cap firmer price advances in...Read More
China's ferrous futures declined in the first hour of morning trading on Thursday January 24, but largely ended the session little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,662 yuan ($539) per tonne, up 3 yuan per tonneJanuary hot-rolled coil: 3,576 yuan per tonne, down 3 yuan per tonneDalian Commodity Exchange January iron or...Read More
Toronto-based Anaconda Mining has shared updated resource numbers for two gold projects - Great Northern near the village of Jackson's Arm, Newfoundland and Cape Spencer 15 km east of Saint John, New Brunswick.The Great Northern project includes the Rattling Brook and Thor deposits. Rattling Brook has an inferred resource of 5.5 million tonnes averaging 1.45 g/t gold for 255,000 contained oz. usin...Read More
Import prices for stainless steel in East Asia continued to edge up over the past week amid higher offers from some sellers and costlier nickel. But trading activity has begun to slow down with Chinese participants in a holiday mood ahead of the Lunar New Year, sources said on Wednesday January 23.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia...Read More
China's domestic stainless steel prices have remained flat for a fourth week amid an inactive market.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,090-2,178) per tonne including value-added tax for the week ended Wednesday January 23, unchanged from a week earlier.More market participants have...Read More
Two Mines students were recognized this week for their outstanding commitment to diversity and inclusion on campus. Leah Reeder, a junior majoring in applied mathematics and statistics, and Peter Weddle, a PhD student in mechanical engineering, were both honored with the Martin Luther King Jr. Recognition Award at a luncheon Jan. 22. Recipients of the annual award are nominated by faculty, s...Read More
Tracy Camp, professor and head of the Computer Science Department at Colorado School of Mines, was recently interviewed by The New York Times about the national surge in student demand for computer science courses and how universities are dealing with the crunch.From the article:Some schools are trying to create more hospitable conditions. Both Harvey Mudd and the University of Washington in Seatt...Read More
Colorado School of Mines geology students and faculty now have access to advanced software for structural modeling and restoration, thanks to an educational license gift from Petroleum Experts Ltd. valued at $2.18 million.Petroleum Experts' MOVE software suite is an essential tool to test and validate structural interpretations of field and subsurface data, said Bruce Trudgill, associate professor...Read More
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) produced 52% more gold in 2018 than it did in 2017, exceeding the upper end of its full-year guidance.The company produced 612,000 oz. gold in 2018, up from 403,000 oz. gold the year before. (It had previously estimated producing no more than 590,000 oz. gold in 2018.)At the same time, Endeavour's all-in sustaining costs (AISC) fell 4% in 2018 to $745 per...Read More
Fastmarkets proposes to update the normalization coefficients of the Turkey and Rotterdam ferrous scrap indices at a rate of once per month instead of once per quarter at present.The indices to which this proposed change relates are the HMS 1&2 (80:20), Northern Europe-origin material, cfr Turkey index; the HMS 1&2 (80:20), USA-origin material, cfr Turkey index; and the HMS 1&2 (80:20), Northern E...Read More
Antofagasta (LON: ANTO) set a new record last year with group copper production of 725,300 tonnes, and the company expects it will produce 750,000-790,000 tonnes of the red metal this year.Cash costs before by-product credits came in at US$1.72 per lb. in 2018, US12 ? per lb. higher than 2017 due to higher input prices and lower grades at its Centinela mine in Chile. Guidance for cash costs before...Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The fever started to grip with Barrick Gold's much-praised acquisition of Randgold Resources (read: Mark Bri...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesLikely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerLast year saw rising US interest rates (both bond yields and the US Fed funds) and a strong US dollar, coupled with escalating t...Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Australia's minister for resources asked a committee of mining industry stakeholders in March 2018 to "ident...Read More
Saudi Arabia isn't buying the peak oil demand narrative.OPEC's largest producer continues to expect global oil demand to keep rising at least by 2040 and sees itself as the oil producer best equipped to continue meeting that demand, thanks to its very low production costs.Saudi Arabia will be the one to pump the last barrel of oil in the world, but it doesn't see the 'last barrel of oil' being pum...Read More
Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal."Fifteen years ago, U.S. mining was thought to be a dead industry, but now it's a profitable area for us"Four U.S. copper projects are set to open by next year -...Read More
Minespider, a blockchain startup for responsible mineral sourcing, announced today that Michelle Ash will be joining their advisory board. Ash was the former Chief Innovation Officer at Barrick Gold, the world's largest gold company, and has over twenty years of industry experience, including key roles at BHP Billiton Mitsubishi Alliance, Acacia Mining, and GMG.With major pilot programs in the pip...Read More
Coal exports from Grupo Prodeco's port in Colombia are proceeding normally despite the possibility that a small group of unionized workers may vote to strike over pay and labor conditions, the company said on Thursday.Prodeco, a subsidiary of Switzerland's Glencore, is the third-largest producer of thermal coal in the Andean country.Only three of the 115 workers at the Puerto Nuevo port are member...Read More
Endeavour Mining (TSE: EDV; US-OTC: EDVMF) produced 52% more gold in 2018 than it did in 2017, exceeding the upper end of its full year guidance.The company produced 612,000 oz. gold in 2018, up from 403,000 oz. gold the year before; it had estimated producing no more than 590,000 oz. gold in 2018.At the same time, Endeavour's all-in sustaining costs (AISC) fell 4% in 2018 to $745 per oz. gold com...Read More