The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to six, and several others remain trapped, an official at the mine said on Thursday. The representative of the creditor protection team at the mine, Michael Elliot, said more than 20 people were still stuck underground at the mine in Middelburg and are presumed dead."As...Read More
Toronto's Troilus Gold Corp. is launching a 40,000-metre drill program at its 100% owned Troilus gold property near Chibougamau. Two phases are planned to de-risk and expand on the current resource report last November.Last year Troilus offered a resource estimate for both open pit and underground mineralization. There were 121.7 million indicated tonnes averaging 0.87 g/t gold and 0.086% copper,...Read More
Saskatoon-based UEX Corporation has the first drill results from its West Bear cobalt-nickel property located in the heart of the Athabasca Basin. Recent results have also allowed the company to extend the strike length of the deposit to 400 metres.Highlights from the first assays include 2.94% cobalt and 2.08% nickel over a 4.5 metre core length and 1.94% cobalt and 3.68% nickel over 11.0 metre...Read More
* Q3 net loss of 40.5m euro, EBIT down 82 pct* Price pressure seen increasing* CEO warns against protectionist measures* Shares down 5.6 percentSpecialty steelmaker Voestalpine expects further downward pressure on earnings from a slowing European economy, it said on Thursday after a swing to a quarterly loss knocked 5 percent off its share price.The European steel sector is navigating choppy water...Read More
The graphs are out, the gloves are off: gold bugs reached fever pitch this week as the trends for gold, silver and junior gold stocks formed a tapering pennant that is like a red rag to a bull. Talk that the gold price could break out of its long term trend is particularly exciting for junior gold mining stocks, with many commentators finding these undervalued even at present levels. &n...Read More
The global aluminium market will see a number of deficits over the next few years as solid demand growth, driven by the construction and autos sectors, outpaces production growth, a new aluminium supply and demand outlook by Fitch Solutions reports.The global aluminium demand outlook will benefit from solid construction industry growth and growing roles in autos as a lightweight substitute for ste...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
Genesis Metals (TSXV: GIS) announced this week a new resource estimate for the Chevrier gold project near Chibougamau, Quebec.In a press release, the miner said the resource estimate is for both the main Zone and east Zone at Chevrier, which are 10 kilometres apart. Geological data indicate that both zones are located within the Fancamp Deformation Corridor, which is a major structural break that...Read More
American Manganese (TSX.V: AMY; FRANK: 2AM) announced this week that its partner Kemetco Research had started the processing of a select sample of cathode scrap material through Stages 1 and 2 of a Pilot Plant built to recycle cobalt, nickel, manganese, and aluminum.In a press release, the British Columbia-based company said the commencement of the pilot plant followed a hazard and operability stu...Read More
Heavy rains in northern Chile, which forced state miner Codelco to halt operations at its Chuquicamata and Ministro Hales copper mines, have also impacted Freeport-McMoRan's El Abra.Codelco, the world's No.1 copper producer, said Friday it had sent its daytime shift of workers home as a preventative measure and would evaluate whether to cancel its night shift as well.Freeport-McMoran (NYSE: FCX),...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Friday amid pessimism over trade negotiations between the U.S. and China.Mattel Inc. (MAT) jumped 23% after the toymaker's fourth-quarter adjusted earnings and revenue beat analysts' expectations.Rival Hasbro Inc. (HAS) fell 0.95% after it reported weaker-than-expected fourth-qua...Read More
Aluminium foundry premiums in Europe were under pressure this month from weak demand and the removal of US sanctions against Russian producer UC Rusal, but the premium in the United States remained firm. The premium in Eastern Europe for silicon 7 aluminium wheels on a delivered-duty-paid basis dropped 5% to its lowest level since monthly assessments began in 2017. Fastmarkets assessed the Eastern...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday February 8, hampered by low liquidity conditions due to Lunar New Year national holidays while dollar strength and broad risk-aversion continues to limit commodity investment.Nickel's three-month price was the biggest decline over the day, falling over 3% to close just above $12,500 per tonne and do...Read More
VANCOUVER, British Columbia - February 7, 2019 - New Pacific Metals Corp. (TSX-V:NUAG) (OTCQX:NUPMF) (the "Company") is pleased to announce the preliminary results of the first metallurgical test work for its Silver Sand project in Potosi, Bolivia. Metallurgical sampling and test work commenced in September 2018 - the flotation recovery and bottle roll leaching test works for the trans...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
"The demand for - the demand for Model 3 is insanely high. The inhibitor is affordability. It's just like people literally don't have the money to buy the car. It's got nothing to do with desire. They just don't have enough money in their bank account." - Elon Musk on the Q4 earnings conference callThe following commentary/analysis is from the February 3rd issue of the Short Seller's Journal.Tesla...Read More
Aluminium producer UC Rusal's profits from aluminium sales in the fourth quarter of 2018 were down by 16% year on year because the company was operating under trading sanctions imposed by the United States, according to an earnings statement published on Friday February 8. Rusal's aluminium production in October-December totaled 943,000 tonnes, up by 0.4% quarter on quarter. Smelters in Siberia co...Read More
(Updates with closing prices)By Peter HobsonLONDON, Feb 8 (Reuters) - Copper was set for a fifth week ofgains on Friday but the rally faltered after U.S. PresidentDonald Trump said he did not plan to meet China's Xi Jinpingbefore a March 1 deadline for the two countries to achieve atrade deal.The news reignited concern that the U.S-Chinese row willworsen, damaging the already weakening global econ...Read More
Delivering a 90-minute keynote presentation to Benchmark Mineral Intelligence's Cape Town World Tour stop this week, Friedland named air pollution - or airpocalypse - as the single biggest issueRead More