Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
* Oil's plunge sends U.S. energy stocks tumbling* S&P 500 index confirms correction territory* Euro set for biggest weekly drop in a month on weak PMIs* European stocks rise as Italian markets rally* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates to close of U.S. markets, settlement of oil prices)By April JoynerNEW YORK, Nov 23 (Reuters) - Oil prices plunged on Friday on con...Read More
New mining projects, particularly in the gold sector, are expected to drive strong economic growth in Canada's far north, with Yukon and Nunavut surpassing the rest of Canada by 2010, a new report shows.According to The Conference Board of Canada's latest Territorial Outlook, the nearby Northwest Territories (N.W.T.), however, face challenging times as the diamond industry there matures and prod...Read More
• Bulls fail to capitalize on the recent recovery move from over one-month lows. • A goodish recovery in European equities dampens safe-haven demand. • A modest USD rebound adds to the selling bias and contribute to the downfall. Gold finally broke down of its Asian session consolidation phase and dropped back closer to the $12...Read More
The steel scrap sector in the United States still depends on exports to Turkey, a member of the Fastmarkets research team said during the ferrous session at the Bureau of International Recycling (BIR) conference in London.This dependence persists despite the changes in the international markets created by the US' imposition of its Section 232 tariffs on imports of steel products, metals analyst Le...Read More
* Oil's plunge sends U.S. energy stocks tumbling* Euro set for biggest weekly drop in a month on weak PMIs* European stocks edge up as Italian markets rally* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates to U.S. market open, changes dateline; previous LONDON)By April JoynerNEW YORK, Nov 23 (Reuters) - Oil prices plunged on Friday on concerns about oversupply, sending world stoc...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (November 23, 2018) - Mega Uranium Ltd. (MGA: TSX) announces that it has granted an option (the "Option") to purchase its royalty on the Langer Heinrich uranium project in Namibia (the "Royalty") to Uranium Royalty Corporation ("URC"). URC issued common shares to Mega in payment of t...Read More
Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold (TSX: MOZ) reports.The company recently completed its 41,000-metre step-out and infill drill program for 2018, and assays include 5.36 grams gold over 11 metres from 26 metres below surface in hole MA-18-330; 3.63 grams gold over 10 metres from 134 metres...Read More
New mining projects, particularly in the gold sector, are expected to drive strong economic growth in Canada's far north, with Yukon and Nunavut surpassing the rest of Canada by 2010, a new report shows.According to The Conference Board of Canada's latest Territorial Outlook, the nearby Northwest Territories (N.W.T.), however, face challenging times as the diamond industry there matures and prod...Read More
Published 22 Hours AgoUpdated8 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold fell on Friday as the dollar regained momentum and an improvement in risk sentiment lifted stock markets in Europe, denting bullion's appeal.Spot gold was 0.3 percent lower at $1,222.54 per ounce. U.S. gold futures for December delivery fell 0.4 percent to $1,223 per ounce."It's really the dollar's move...Read More
Benefiting from mixed Asian equities and a broadly subdued US dollar. Upside may be capped by Thanksgiving thin trades and positive Treasury yields. Gold (futures on Comex) found buyers in Asia once again near the 1227 level, now heading back towards the two-week tops of 1229.70 reached a day before. The yellow metal remains on the front foot so far this Friday, as the US dollar extends its sof...Read More
JOHANNESBURG (miningweekly.com) – South Africa’s transport infrastructure was built for and remains better suited to the movement of precious metals and diamonds, Herbert Smith Freehills (HSF) consultant Biddy Faber told attendees at a roundtable to discuss comparisons between South African and Brazilian mining and infrastructure investments, on Thursday.The event, held in Rosebank, w...Read More
A fall to a new low on November 14.A rejection of the downside.The trend continues to be lower.$15.07 can change the trend.USLV and DSLV for those who do not trade futures.Silver has a long history as a volatile metal that moves more on a percentage basis than gold. Market speculators tend to flock to the silver market when it begins to develop a trend which typically starts with the break of tech...Read More
Leading diamond exploration, evaluation and mining geologists Dr Mike de Wit and Dr John Bristow – in collaboration with the University of Pretoria Geology Department and Enterprises University of Pretoria – presented a short course on ‘Diamond Exploration and their Primary and Secondary Sources’ to fourth-year university students and interested delegates last month. The in...Read More
European austenitic alloy scrap prices were largely stable this week, although further losses are possible while the market's fundamentals remain weak. The exception was European import 18/8 stainless scrap solids, the price range for which slipped to ?,?930-950 ($1,060-1,083) per tonne cif, down by ?,?20 per tonne, according to Fastmarkets MB's assessmentDemand is poor, as it has been since Octob...Read More
European grade-304 stainless steel prices may never fully recover from their present slump because of the need to compete with low-cost production from Asia, particularly in Indonesia, a European trader said on Friday 23 November. The Tsingshan Group plant in Sulawesi, Indonesia, which has capacity of 1 million tonnes per year, mines its own nickel pig iron (NPI) and chromium, as well as having ca...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsMining Journal caught up with SolGold CEO (and major shareholder) Nick Mather in London this week following...Read More
Alumina traders in China have responded with skepticism to Qianhai Mercantile Exchange's (QME) plans to internationalize its yuan-denominated prices and list them on foreign exchanges such as Hong Kong Exchanges & Clearing Market (HKEX), Fastmarkets has learned. QME made its debut in October this year when it launched a spot domestic alumina price. But liquidity has been slow to build up and few a...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More