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
High manganese ore prices since 2017 have enabled South African manganese miner Tshipi to generate significantly higher cashflow than expected, allowing for dividends in excess of the initial capital cost to develop the mine.For the second half of 2019, Tshipi has declared a dividend of 1.1 billion rand, its owner - Jupiter Mines - has announced. The mine will continue to produce 3 million tonnes...Read More
The European antimony market was quiet in the week ended Friday February 8, with Chinese market participants still away for the Lunar New Year holiday.Fastmarkets' price assessment for trioxide-grade antimony, in-warehouse Rotterdam, was stable week on week on Friday at $7,800-8,000 per tonne.The price for MMTA standard-grade II antimony, in-warehouse Rotterdam, was also unchanged on February 8 at...Read More
China's return to the market after a week-long break for Lunar New Year has not brought with it a rush to restock and that has led to some disappointed selling across the base metals traded on the London Metal Exchange, with the complex down by an average of 0.9% this morning, Monday February 11.The three-month zinc price led the decline with a 2% drop, while the three-month tin price was down by...Read More
Cobalt buyers held back as much as they could last week as prices continued to fall, with good availability of cut cathode creating the expectation that cheaper prices will still be available in the coming weeks."There's still a lot being offered - it's just relentless. It's a massive buyers' market," a trader source said. Fastmarkets' benchmark standard-grade cobalt price assessment stood at $17....Read More
Ammonium paratungstate (APT) and ferro-tungsten prices were unchanged in Europe last week with China away from the market for a one-week holiday. The benchmark ammonium paratungstate price was unchanged at $260-270 per mtu on Friday February 8 - a price level it has maintained for the past five weeks with little spot business being transacted. "It's been quiet on the consumer...Read More
Major steel mills in China have concluded their ferro-silicon tenders for February, which have fallen again month on month on weak demand and oversupply, sources in China said. Both Hebei Steel, the country's largest mill, and Jiangsu Shagang last week released tender purchase prices for ferro-silicon delivered in February. Hebei Steel's latest tender price is 6,290 yuan ($932.32) per tonne for Fe...Read More
A show-stopping collection of minerals valued at $3.2 million has been donated to the Mines Geology Museum. The 27 specimens - remarkable for their pristine condition, color and crystal form - come from the personal collection of Eric Long, an oil and gas industry veteran based in Austin. "A donation of this caliber truly elevates the quality of our exhibits and also heightens the experience f...Read More
Megan Diercks, a French instructor at Colorado School of Mines, has been awarded the rank of chevalier by the Order of French Academic Palms.The highest nonmilitary honor that a noncitizen can receive from the French government, the Palmes Acad?(C)miques recognizes those who have rendered eminent service to French education and have contributed to the prestige of French culture. The Order of the A...Read More
The Center for Space Resources at Colorado School of Mines was recently highlighted in The Denver Post as part of an article about proposed federal legislation to create a NASA-led Space Resources Institute. The Space Resources Institute Act, introduced last week in the U.S. House by Colorado Reps. Scott Tipton and Ed Perlmutter, asks NASA to investigate the establishment of a Space Resources Ins...Read More
Kerr Mines (TSX: KER; US-OTC: KERMF) expects to start mining and stockpiling mineralized material from its Copperstone gold project in Arizona in the fourth quarter of this year with production starting in the first quarter of 2020, CEO Claudio Ciavarella says.The fully permitted project is the underground extension of the same orebody that Cyprus Amax mined as an open pit between 1987 and 1993, a...Read More
In 1981, the chemical engineering group at Cambridge, Mass.-based MIT received a U.S. Department of Energy grant to study technical innovation in the processing industries as part of a strategy to mitigate the impact of another oil crisis like the one that threatened the U.S. in the 1970s.Thirty-eight years later, Aspen Technology (NASDAQ: AZPN) has a market cap approaching US$7 billion-greater th...Read More
American Lithium (TSXV: LI; US-OTC: LIACF) is about to drill its 6.3 sq. km Tonopah lithium claystone (TLC) project near Tonopah, Nevada.Over the next six weeks the company will drill 1,600 metres across 10 to 20 holes. It will average 100-metre depths, drilling up to 160 metres below surface.The company had previously collected 22 grab samples at TLC that graded as high as 1,380 parts per million...Read More
South32 (LON: S32) has the next 11 months to decide whether it wants to write a US$150-million cheque for a 50% stake in Trilogy Metals' (TSX: TMQ; NYSE-AM: TMQ) two base metal deposits in Alaska - Arctic and Bornite.To keep that option, the mining and metals giant has been required since 2017 to spend US$10 million a year on exploration at Bornite, which has an inferred resource of 5.45 billion l...Read More
SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totalling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.SEMAFO based its resource on more than 12,700 metres drilled across 80 holes. In 2018 it drilled more than 4,200 metres across 13 holes testing the deposit's down...Read More
Citi, a well-credentialled investment bank, earlier today penciled in A$102 as the target price for the stock, which has received an unexpected boost from a sharp increase in the price of iron oreRead More
McEwen Mining (TSX: MUX; NYSE: MUX) expects to pour first gold at its Gold Bar mine project in central Nevada before the end of February, just fourteen months after breaking ground in November 2017.Commercial production is forecast to follow before the end of the first quarter, a dramatic schedule, says Chris Stewart, the company's president."I'd say that's pretty darned good," he says. "Typically...Read More
With its recently completed feasibility study behind it, Pure Gold Mining (TSXV: PGM) expects to make a production decision on its Madsen project in Red Lake in the coming weeks and could begin construction in April, with first gold poured as early as May 2020.The project has significant mining, milling and tailings infrastructure already in place, as well as all major permits, so pre-production c...Read More
South Africa's AngloGold Ashanti (NYSE:AU) (JSE:ANG), the world's third-largest producer of the metal, has completed the first week of underground development blasting at its Obuasi mine, in Ghana, as part of a redevelopment project that aims at having the operation pour first gold by the end of the year.The first blast, on February 1, advanced development by around 4.2 metres on the 2,700 level,...Read More
Map of B.C.'s Golden Triangle, showing the Lawyers gold-silver project near the eastern boundary of the region. (Image: Benchmark Metals)Benchmark Metals of Edmonton has the results of drilling at the Dukes Ridge zone at the Lawyers gold-silver project in the Golden Triangle. The holes intersected wide intervals of near 1 g/t gold equivalent and narrower intervals of high grade gold and silver min...Read More
A mining company claiming interests in copper and gold reserves estimated at $58 billion on the Pacific island of Bougainville said its rights are under threat by efforts to revive the resource sector in the run up to a independence referendum.At the heart of the dispute is the Panguna mine, which was operated by Sydney-listed Bougainville Copper Ltd. for 17 years before shutting in 1989 amid clas...Read More