Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpIt said the discoveries of high-grade (plus-1.5% copper-equivalent) and medium grade (>0...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. Index futures responded to encouraging news on China/U.S. trade negotiations.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the March Producer Price Index was an increase of 0.3% versus a gain of 0.2% in February. Actual was an incr...Read More
China's hot-rolled coil prices stopped retreating on Thursday April 11 - and even rebounded in the eastern region - amid steady demand.DomesticEastern China (Shanghai): 3,980-3,990 yuan ($593-594) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, unchangedA Hangzhou-based trader said the day's trading activity was slightly higher than a day earlier amid continual...Read More
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday April 11, with copper futures edging back to a low of $6,429.50 per tonne, while a fresh cancelation of just under 25,000 tonnes of aluminium did little to move the metal's stagnant price. The three-month copper price has continued to surrender gains above $6,500 per tonne from earlier this week, f...Read More
Import prices for stainless steel in East Asia were mostly stable over the past week due to soft demand in the region.Fastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil in East Asia was $2,030-2,100 per tonne cif on Wednesday April 10, narrowing downward by $10 per tonne from a week earlier. Fastmarkets' weekly import price assessment for bench...Read More
The same factors that have weighed on US silicon prices over the past year pushed spot prices lower again this month, although the low end of the range held firm for the first time in 2019, according to Fastmarkets AMM's assessment on Wednesday April 10.This might signal that the market has finally hit bottom, some supply-side sources suggested.Fastmarkets AMM assessed the US domestic delivered si...Read More
Fastmarkets MB has corrected its cobalt sulfate, Co 20.5% min, China ex-works, adjustment to standard-grade cobalt low-end price at Co 20.5% basis, $/Ib, which was published incorrectly on Wednesday April 10. The assessment was incorrectly published at -$0.75 - +$0.13 per lb due to a calculation error, and has been revised to -$0.15 - +$0.03 per lb. Fastmarkets MB's price book and database ha...Read More
You hear it all the time from Dr. Oz and other medical gurus: Eat more fruits and veggies. And the USDA recommends five to nine servings each day to help reduce the risk of heart attack, stroke, cancer, and early death.An analysis from the School of Public Health at Imperial College London shows that participants who had 10 servings - 28 ounces - daily experienced a:24% reduced risk of heart disea...Read More
Everyone knows that American shale oil production is booming.The mainstream media has been all over the story.They should be. After all, what the entrepreneurial U.S. oil and gas industry has done to free oil long-trapped in shale rocks has been incredible.But...What not so many people know is that the shale producers are pumping the WRONG KIND of oil. U.S. refineries are desperately short of a di...Read More
The European Union Council of Ministers has accepted a proposal that steel, iron and non-ferrous metal producers should be allocated free carbon allowances under the EU emissions trading system (EU ETS) until 2030. The decision, backing a proposal from the European Commission, has been made because of concern that steel and other metal production could move outside the EU if the industry was force...Read More
Cobalt prices rose again on Wednesday April 10 as buyers have continued to restock while encountering newfound metal tightness into the second quarter of this year.Fastmarkets assessed the standard-grade cobalt price at $15.30-16.75 per lb, in-warehouse, on Wednesday, up by 4.4% from $14.50-16.20 per lb in the previous assessment on April 5. The price for alloy-grade material rose further; Fastmar...Read More
Stainless steel prices in the United States rose further this month, helped by higher alloy surcharges due mainly to continued stabilization in nickel prices and higher chrome prices.Fastmarkets' assessment for Type 304 and Type 304L stainless cold-rolled sheet stood at $128 and $130 per hundredweight, respectively, on Wednesday April 10, both up by $6 per cwt from two weeks earlier. The pric...Read More
Low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, when market participants toned down fears of oversupply in the alloy market. Normally volatile low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, after which market participants toned down fears of oversupply in the alloy market. F...Read More
China's stainless steel prices were stable over the past week, but participants said they expect prices will drop soon.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,400-14,800 yuan ($2,144-2,204) per tonne including value-added tax for the week ended Wednesday April 10, unchanged from a week earlier.Buyers maintained a sl...Read More
Four current Mines students and six recent graduates are among the 2019 winners of the prestigious National Science Foundation Graduate Research Fellowship. The program, which started in 1952 shortly after Congress established NSF, is the oldest continuous graduate fellowship of its kind. It provides three years of support for the graduate education of individuals who have demonstrated potential...Read More
This episode features highlights from the Canadian Mining Hall of Fame's 31st annual induction ceremony held in Toronto earlier this year. The 2019 inductees are discoverer Kate Carmack, geologist James M. Franklin, company-builder James W. Gill, mine-builder Sandy Laird and geologist Brian Meikle.In 2019, the Canadian Mining Hall of Fame welcomed five new inductees (clockwise from top left): Kate...Read More
Lumina Gold (TSXV: LUM; US-OTC: LMGDF) has drilled its longest continuous section of mineralization at its Gran Bestia deposit in Ecuador, part of its Cangrejos gold-copper project.The company cut 0.62 gram gold per tonne and 0.11% copper over 626 metres from surface, including 1.14 grams gold and 0.13% copper over 86 metres from 224 metres downhole, and 0.93 gram gold and 0.18% copper over 86 met...Read More
Mountain Province Diamonds (TSX: MPVD; NYSE: MPVD) has incorporated the northwest extension of the Faraday 2 kimberlite at its Kennady North project into an updated inferred resource for the kimberlite in Canada's Northwest Territories.The company discovered the northwest extension in 2017, a finding that extended the kimberlite by 150 metres.Faraday 2 is one of three kimberlites at Kennady North,...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixKalium Lakes was listed in December 2016 to develop a potash brine reso...Read More
Eastern promise for PolarXSPONSOREDpolarxCentral Asia said the total dividend was in line with its policy of returning 30-50% of annual free cash flow to shareholders, representing 44% of the 2018 adjusted free cash flow.CEO Nigel Robinson said once the final dividend was paid, the company would have returned $162 million to its shareholders in the past seven years.Eastern promise for PolarXSPONSO...Read More