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
Rescue teams on Wednesday saved the last miner missing after an earth tremor struck a copper mine near the Polish town of Rudna, 70 miles east of the German border, the mine's owner said.KGHM Polska Miedz initially reported 14 miners missing after the tremor hit the mine early on Tuesday afternoon, 770 metres below the earth's surface. All but one of the miners were found on Tuesday. Some had suff...Read More
SNC-Lavalin Group Inc. won't reveal the location of a "serious problem" in its mining business that fueled an epic share rout Monday. But analysts are pointing the finger at Chile.AltaCorp Capital, Desjardins Capital Markets, Canaccord Genuity and Raymond James say a copper mine run by Codelco, Chile's state-owned copper producer, is the probable source of SNC's pain. SNC Chief Executive Officer N...Read More
Increased demand for battery materials used in electric vehicles has reignited interest in the mining sector now that the China-induced supercycle in commodities demand is levelling off.But if you rely on forecasts of EV take-up from the US Energy Information Administration, you may well wonder what the hype is about.The EIA Energy Outlook 2019, released last week, foresees uptake of electric vehi...Read More
Cordoba Minerals (TSXV: CDB), the Toronto-based miner developing the San Mat?-as project in the department of C??rdoba in northern Colombia, issued a media statement today detailing the reasons behind the lawsuits it filed in late 2018 and January 2019.According to the press release, Cordoba was forced to present criminal charges before Colombian prosecutors against nine members of former manageme...Read More
Fortune Minerals (TSX: FT) (OTCQX: FTMDF), the company behind what could become Canada's first primary cobalt mine, has signed a socio-economic agreement with the government of the Northwest Territories (N.W.T.) in which it commits to hire and spend locally.The 48-page document sets out targets for jobs, spending, education, and training in the Territories as the NICO cobalt, bismuth, gold, and c...Read More
Fission Uranium of Kelowna, B.C., is advancing the Triple R deposit at its Patterson Lake South property to the feasibility stage. 28 geotechnical holes are to be drilled as part of the resource development phase of work, which is set to begin the first week of February.Fission laid out its program: 13 holes will be drilled in the Ring Dyke and Cuff-Off wall. Three holes will examine rock mechani...Read More
GoviEx Uranium (TSXV: GXU) is studying the possibility of powering its flagship Madaouela project in northern Niger using a dedicated and renewable hybrid solar power solution.GoviEx management is working with Windiga Energy and the companies have signed a memorandum of understanding to determine if the idea is feasible.Windiga is Canadian energy developer focused on building, owning and operating...Read More
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Longitudinal representation of the Triple R uranium deposit. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., is advancing the Triple R deposit at its Patterson Lake South property to the feasibility stage. Twenty-eight geotechnical holes are to be drilled as part of the resource development phase of work. Work is to begin the first week of February.Fission laid out its pro...Read More
Serial mine builder and financier Stephen Roman cut his teeth working for Denison Mines (TSX: DML), the uranium company built by his father.After starting there as a miner at the age of 19, he spent the next 25 years at the uranium producer before striking out on his own in 1990-1991.Roman went on to build several mines in the gold space, the most recent, Harte Gold's (TSX: HRT; US-OTC: HRTFF)...Read More
A lack of new business kept the prices of hollow steel sections in Europe unchanged on Wednesday January 30 although market sentiment has been mixed, participants told Fastmarkets MB.Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at ?,?630-640 ($720-731) per tonne delivered on Wednesday.This week m...Read More
RAPAPORT... Mouawad has manufactured a 54.21-carat polished yellowstone, which, it claims, is the largest of its shape and color the Gemological Institute of America (GIA) has ever graded. The company named the round brilliant-cut, fancy-vivid-yellowstone the Mouawad Dragon, as its color is reminiscent of a "dragon's magicalpowers and fiery eyes," it said Monday. The rough stone was found in...Read More
European prices for mesh-quality wire rod stayed flat across the continent on Wednesday January 30, with market activity almost at a standstill ahead of the imposition by the European Commission (EC) of new import quotas next month.Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe stayed at ?,?530-550 ($606-629) per tonne delivered on Wednesday, with prices...Read More
RAPAPORT... Revenue from jewelry and watches at LVMH Mo?<
RAPAPORT... Stornoway Diamond Corporation has promoted Patrick S?(C)vigny tovice president of operations with immediate effect, the company said Monday. S?(C)vigny has been with the Canada-based miner since 2015 asmanager of mining operations at its Renard asset. He played a key role in thelaunch of open-pit and underground operations at the mine. "Patrick is recognized for his ability to ov...Read More
RAPAPORT... Alrosa has unearthed a rough stone weighing nearly 200carats from its Udachnaya pipe, its largest in more than two years, the companysaid Tuesday. The 191.46-carat stone, which is white with a slightyellowish tinge, was found earlier this month at the asset's N12 processing plant. The Russia-based miner last found a comparably sized diamond two and a half years ago, it said. "Suc...Read More
(IDEX Online) - ALROSA has expanded its long-term customer list in 2019 within its 2018-2020 three-year contract period. Six customers who, from the beginning of 2018, were ALROSA ALLIANCE participants and candidates for the possible signing of long-term agreements obtained long-term customer status. Chow Sang Sang Jewelery (China), Kapu Gems (India), Mohit Diamonds (India), VD Global (Indi...Read More
Russian diamond miner Alrosa has discovered its largest rough diamond in about two-and-a-half years, with the Udachnaya kimberlite pipe earlier this month delivering a 191.46 ct stone.The 40 mm by 31 mm by 20 mm diamond was extracted at the processing plant No 12 of Udachny mining and processing division.AdvertisementThe mined diamond is transparent, with a slight yellowish tinge."Such large...Read More
(IDEX Online) - Lucara Diamond Corp. has recovered a 240-carat, top-white gem diamond from its 100% owned Karowe Diamond Mine located in Botswana. This diamond will be shown alongside the 127 carat, top white gem diamond reported earlier this year together with other exceptional diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7. Since mini...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 30 that are worth another look.Brazilian iron ore pellet producer Samarco and its creditors have not reached a debt restructuring agreement by the end of a scheduled deadline, according to documents disclosed by the company on Tuesday January 29. Eastman Kodak Co was granted 40 exclusions to the United States...Read More