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
China's hot-rolled coil prices were unchanged on Thursday January 31, with few participants still active in both the domestic and export markets ahead of the Chinese New Year holiday next week.DomesticEastern China (Shanghai): 3,780-3,800 yuan ($563-566) per tonne, unchangedNorthern China (Tianjin): 3,720-3,740 yuan per tonne, unchangedA Shanghai-based trader said that his company sold a very smal...Read More
I can’t believe I’m saying this...But even with a $630 billion valuation, the market still doesn’t love Alphabet (GOOG) nearly enough.The market is missing something huge about Alphabet. Investors are completely ignoring a “hidden asset” that Alphabet owns which alone is worth more than most publicly traded companies.I believe that factoring in the value of this ̶...Read More
US titanium producer Global Titanium, which is based in Detroit, Michigan, has suffered no impact to production after a fire at its plant earlier this month.The company, which has the capacity to make 10,000 tonnes per year of 70% grade (Ti) alloy and is one of the biggest ferro-titanium producers in the world, said the impact of the fire had only slowed production of fines. The fire on January 3...Read More
European molybdenum prices rose this trading this week, with both molybdenum oxide and ferro-molybdenum prices paring almost all losses so far this year, with higher oxide offer prices behind the rise in the alloy market.Still, there were few deals reported and industry sources said there is a disparity between oxide fundamentals and those in ferro-molybdenum, casting doubt on the sustainability o...Read More
Indonesia's stainless hot-rolled coil exports are expected to rise further in 2019 after nearly tripling in the first three quarters of 2018. Exports of Indonesian stainless HRC totaled 877,990 tonnes during January to September 2018, a year-on-year jump of 170.9% from 324,108 tonnes in 2017, the country's Ministry of Industry said on Monday January 28.Stainless slab exports also rose sharply...Read More
China's ferrous futures rose across the board for a third consecutive morning on Thursday January 31, with the rebar and coking coal contract taking the lead.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,710 yuan ($552) per tonne, up 16 per tonneMay hot-rolled coil: 3,600 yuan per tonne, up 9 yuan per tonneDalian Commodity Exchange May iron ore: 584 yuan per tonne...Read More
Import prices for stainless steel in East Asia increased again over the past week, with mills continuing to raise their offers amid costlier nickel, although trading activity was slow because of the upcoming Lunar New Year.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,920-2,010 per tonne cif for the week to Wednesday January 30, up $20-...Read More
China's domestic stainless steel prices held steady for a fifth week amid thin trading ahead of the Chinese New Year.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 ($2,113-2,203) per tonne including value-added tax for the week ended Wednesday January 30, unchanged from a week earlier.Most trading houses an...Read More
Lumina Gold (TSXV: LUM; US-OTC: LMGDF) has announced new drill results from the Gran Bestia zone at its Cagrejos gold project in Ecuador that, along with drilling by the property's previous owner, confirm a second deposit that could substantially increase the project's scale."It's early days here right now, but we're pretty optimistic about what we're seeing so far mineralization-wise," Lumina pre...Read More
Potential liabilities from the collapse of a tailings dam at Vale's Feijao iron ore mine in Brazil that has left at least 99 people dead and another 250 people missing has resulted in Moody's Investors Service placing the company's senior unsecured ratings on review for downgrade, along with the ratings on debt issues of Vale Overseas Ltd. and the senior unsecured ratings of Vale Canada Ltd."Altho...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningIn a recent clearout of long-hoarded papers, I came across a 1982 article penned by economist Walter Adams criti...Read More
Canada's Avalon Advanced Materials (TSX: AVL) and Australia's Cheetah Resources announced this week that they have joined forces to work on the development of the rare earth resources on the Nechalacho project near Yellowknife, in Canada's Northwest Territories.In order to move forward with such a plan, the companies signed a binding Terms Sheet under which Cheetah will acquire ownership of the ne...Read More
Potential liabilities from the collapse of a tailings dam at Vale's Feijao iron ore mine in Brazil that has left at least 99 people dead and another 250 people missing has resulted in Moody's Investors Service placing the company's senior unsecured ratings on review for downgrade, along with the ratings on debt issues of Vale Overseas Ltd. and the senior unsecured ratings of Vale Canada Ltd."Altho...Read More
The horrific collapse of a dam owned by Brazilian mining giant Vale - with the death toll likely to reach the hundreds and widespread environmental damage - highlights a mix of failed government oversight and laws that favor mining interests over public safety. "They thought it was easier to sink the bill" he says.Joao Vitor Xavier, a legislator in mineral-rich Minas Gerais state, had been warnin...Read More
Brazil's Minas Gerais state labour prosecutors have frozen more than 800 million reais ($219 million) of Vale's funds as compensation for victims of last week's tailing burst, which killed at least 99 people.People located at and near Brumadinho, the town where the breach occurred, are now facing the dangers associated with having toxic elements in the Parapoeba river, which flows into Sao Franci...Read More
Since 2013, Candente Gold (TSXV:CDG) has been engaged with an agreement to reprocess the tailings deposit derived from the Mexico mine, which is part of the San Rafael Vein in the El Oro District, where the company has earned an undivided 100% interest from Goldcorp S.A. de C.V.El Oro is located in the state of Mexico in central Mexico.In a press release, Candente said that the agreement has to be...Read More
* Chalco says Shandong unit subject to 'flexible production'* Says is considering transformation, upgrade of plant* Company has closed 850kt of capacity since 2018 - consultancyAluminum Corp of China , known as Chalco, said late on Wednesday it had stopped production at an aluminium smelting plant in eastern China's Shandong province, citing high electricity costs.In a statement to the Shanghai an...Read More
"We've pulled key stats from the 2018 #MJWorldRiskReport into a handy infographic. View the full version https://t.co/a7B5gLMZBO and get your FREE download of the report here https://t.co/rbUS87FJc8 #mining #risk #miningnews #minedevelopment #geology"Read full newsRead More
"SolGold's takeover bid for the company that holds 15% of Cascabel has exposed the bad blood between the two companies - https://t.co/dZFf5DoI2q #LSE $SOLG #copper #gold #TSX"Read full newsRead More
"Tanzanian president John Magufuli is rethinking the tax imposed on miners, according to the @NRGInstitute |https://t.co/UKrcBukOUA #Tanzania #gold"Read full newsRead More