Ferrous scrap prices in Asia continued to slide this week due to a series of mill stoppages in the region, market sources told Fastmarkets MB.The weak demand led traders to divert excess supply to other key markets.But market sources think prices have likely bottomed out and should experience a rebound soon.VietnamThe Fastmarkets MB import price assessment for bulk cargoes of heavy melting scrap 1...Read More
European demand for finished steel products is forecast to grow by 0.3% year on year in 2019 to 170.2 million tonnes amid a 'deteriorating trade environment and uncertainty over Brexit', according to the World steel association's (Worldsteel) latest short-range outlook."We expect slower growth in demand for steel in the major EU economies (especially in those more export dependent) in 2019," World...Read More
Do you know what one-seventh of a metric ton of carbon dioxide looks like? Check out the Mines Earth Day Fair on Monday, April 22 to find out. The Mines Sustainability Committee, Mines Activities Council and EarthWorks are hosting the free sustainability celebration from 3 p.m. to 6 p.m. in Kafadar Commons and the CoorsTek atrium. Student clubs and faculty will be showcasing projects and susta...Read More
April 18, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce it has commenced exploration work at its wholly owned Atlin Goldfields Project near the town of Atlin in Northwest British Columbia and within the traditional territory of the Taku River Tlingit First Nations. Since 2016, Brixton has consolidated approximately 1,000 square kil...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) forecasts record production this year, with the start of two gold mines at Meliadine and Amaruq in Canada's Arctic.With the output from the new mines, the company forecasts total gold production of 1.75 million ounces in 2019. That number could rise to 2 million oz. in 2020 and 2.05 million oz. in 2021, the company says.Agnico's growing production platform...Read More
In April 2019, Great Bear Resources (TSXV: GBR; US-OTC: GTBDF) doubled the 30,000-metre drill program at its Dixie gold project in Ontario's Red Lake district.At the time the company had drilled 12,000 of the first 30,000 metres. It expects to finish the original program by July 2019, and spend the rest of the year drilling the other 30,000 metres.Great Bear has two drill rigs on-site, but will ad...Read More
Canarc Resources (TSX: CCM; US-OTC: CRCUF) has wrapped up a preliminary economic assessment (PEA) of its New Polaris gold project in northwestern British Columbia that models production of 80,000 oz. gold per year over an 8.7 year mine life.The study assigns New Polaris a US$216 million after-tax net present value at a 5% discount rate, and a 38% after-tax internal rate of return. It would cost US...Read More
The Caisse de d?(C)p??t et placement du Qu?(C)bec (CDPQ) has acquired an additional 1 million shares in Osisko Metals (TSXV: OM; US-OTC: OMZNF), which is developing two zinc mining camps in Canada.The Quebec pension fund has been a strategic partner and shareholder in the junior since 2014, and purchased the additional shares this week from Osisko Metal's executive chairman, Robert Wares, who now...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 FacilitySPONSOREDisometrixThe Elementos share price has been remarkably stable over the past four...Read More
British bank Barclays and hedge fund Red Kite Group have settled a legal dispute in which the fund accused the bank of manipulating the copper market and causing it to lose money."Legal proceedings between the Red Kite group as Claimants and Barclays Bank PLC as Defendant have been concluded on mutually acceptable terms," Barclays said in a statement on Thursday, without giving details of the sett...Read More
The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing. The first results have been generally ok so far, albeit with a low bar. Looking at sector performances, the mining sector is still the top this year and miners have been partying on soaring iron ore prices. But there's a shift in the newsflow this week, which could crash the party.Rio Tinto was...Read More
The new president and CEO of the Mining Association of British Columbia is Michael Goehring, effective May 1, 2019. He has more than 20 years' of experience in public affairs and strategic communications across a number of industries.Boreal Metals Corp. of Vancouver has strengthened its executive team with the appointment of Patricio Varas as CEO. Karl Antonius retains his position as president of...Read More
Niron Metals, an investment vehicle co-founded and headed by the former Xstrata boss Mick Davis, has signed an MOU with Liberia which will allow Niron to use a rail and port to export iron ore from Guinea's Zogota deposit, previously owned by BSG Resources (BSGR).Gaining access to the shipping route, the same one Guinea vetoed for years for the much larger Simandou project, could help Davis bring...Read More
Canarc Resources (TSX: CCM) has wrapped up a preliminary economic assessment of its New Polaris gold project in northwestern British Columbia that indicates the project could produce 80,000 ounces of gold per year over an 8.7 year mine life. By market close the Vancouver-based junior's stock had jumped 20%.The study assigns New Polaris a $216 million after-tax net present value at a 5% discount...Read More
China Hongqiao Group, the world's biggest aluminium producer, will this year restart some of the smelting facilities it was forced to shut in 2017, two sources with knowledge of the matter said on Thursday.The move will allow the company to replace ageing production lines with newer technology, including a high-performing 600 kiloampere (kA) potline, and will keep its total capacity roughly the sa...Read More
"The prestigious Mining Journal awards will once again gather the mining and #investment community on a glittering evening of entertainment with the opportunity to recognise outstanding companies and individuals across 14 categories #MJS #MJSelect #MJAwards https://t.co/1kmWvT1kit"Read full newsRead More
"Lifestyle Delivery Systems (@Canna_Strips) (#CSE: $LDS | #OTCQX: $LDSYF) Part 1: Advanced #Tech, Innovative #Medicine [https://t.co/V3io9Vbc8D]#investing #stocks #stockmarket #trading #investors #news #cannabisnews #capitalmarkets #cannabis #marijuanastocks #potstocks"Read full newsRead More
"Nerds On Site (@nerdsonsite) (#CSE: $NERD | #OTCQB: $NOSUF) Expands US Nerd Mobile Fleet By 133% [https://t.co/N7MgVwj4PC]#investing #stocks #stockmarket #trading #investors #news #business #investments #tech #technology #IT"Read full newsRead More
"Next Green Wave (@NextGreenWave) (#CSE: $NGW | #OTCQB: $NXGWF) Begins #Cannabis Production; NGW Authorized as Licensed Producer in Coalinga, California [https://t.co/Ip8MbV9CXW]#investing #stocks #stockmarket #trading #investors #news #potstocks #marijuanastocks #cannabisnews"Read full newsRead More
"Yield Growth (@yieldgrowth)(#CSE: $BOSS | #OTCQB: $BOSQF) Develops 10 New #HempRootOil Infused Products Exclusively for Men[https://t.co/1wtjRxVZ5m]#investing #stocks #stockmarket #trading #investors #news #capitalmarkets #cannabis #marijuanastocks #potstocks #health #wellness"Read full newsRead More