Nordic Gold (TSXV: NOR; US-OTC: FIEIF) recently poured first gold at its restarted Laiva gold mine in central Finland. Roughly 25 people attended the event where the company poured 1,234 ounces of dor?(C)."We were very happy with the results that we got," Nordic Gold president and CEO Michael Hepworth says in a telephone interview with The Northern Miner. "The previous operator, when they were in...Read More
Base metal stocks on the Shanghai Futures Exchange were mostly lower week on week on Friday December 7, with copper stocks now 60% lower than the annual peak in March. Deliverable copper stocks at SHFE-approved warehouses dropped by 5% week on week, or 7,163 tonnes, to 123,879 tonnes as on Friday December 7. SHFE copper stocks have fallen by 60% from the 2018 high of 307,435 tonnes reached on...Read More
China's hot-rolled coil exporters raised offer prices on December 7 as domestic prices rebounded.DomesticEastern China (Shanghai): 3,740-3,770 yuan ($543-548) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,590-3,620 yuan per tonne, widening downward 20 yuan per tonneDomestic prices were largely stable on Friday.The small dip in Shanghai prices were due to relatively short demand, but...Read More
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More
Since Steppe Gold (TSXV: STGO) purchased Altan Tsaagan Ovoo (ATO) from Centerra Gold (TSX: CG) for $19.8 million in January 2017, the junior has made steady progress de-risking and building the heap leach, gold-silver project in eastern Mongolia.Seven months after the acquisition last year, the company teed-up a US$23 million gold and silver stream agreement with Triple Flag Mining Financing, and...Read More
Delrey Metals (CNSX: DLRY) has acquired two B.C. vanadium projects by issuing 5.5 million shares to BC Vanadium, a private company.The Star and Porcher vanadium properties cover a combined 67.4 sq. km in northwest B.C., near the small logging community of Oona River on Porcher Island. The properties host iron-titanium-vanadium mineralization in titaniferous magnetite. Historic samples from the pro...Read More
Cobalt prices continued to fall in the first week of December following the start of year-end destocking and greater competition for sales that first put paid to weeks of stability in mid-November. Fastmarkets assessed the low-grade cobalt price at $30.30-32 per lb, in-warehouse, on Friday December 7, down from $32-32.60 per lb at the end of November. The high-grade cobalt price se...Read More
The following Fastmarkets minor metals prices changed on Friday December 7:Minor metals Antimony MMTA standard grade II, $/tonne: $7,850-8,000 per tonne from $7,850-8,050Bismuth MB China domestic, yuan/tonne: 48,500-51,000 yuan per tonne from 50,000-52,000 yuanCadmium MB free market min 99.99%, cents/lb: 123-140 per lb from 125-140Chromium MB free market alumino-thermic, $/tonne: $10,200-10,5...Read More
An overview of the Chinese minor metals markets and the reasons for any price moves. Read More
Stainless steel prices in Europe are unchanged this week but continuing competition among sellers means further losses are expected to be seen by January. "Competition is still hard and tough and what's threatening us is another drop in prices for Jan. This is almost a certainty," one distributor said. "Trading stainless [steel] is not fun anymore. We're trying to get rid of old stock so we can re...Read More
Austenitic alloy steel scrap prices in the UK market decreased further this week - low demand from stainless steel mills remains the dominant factor in the market. Fastmarkets MB assessed the price of grade-316 scrap solids at ?1,200-1,230 ($1,530-1,619) per tonne delivered, down from ?1,220-1,300 a week earlier, while the price of 18/8 scrap solids fell to ?770-800 per tonne from ?780-830 per...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday December 7:Aluminium ingotDuty paid delivered works...Read More
Import prices for containerized ferrous scrap in Taiwan and bulk ferrous scrap in Vietnam dropped again this week, after suppliers reduced their offers further and demand remained weak amid soft downstream long steel markets. Lower offers from Japan also continued to depress prices in the Asian scrap markets, sources told Fastmarkets. Vietnam Fastmarkets' import price assessment for heavy melting...Read More
Before the end of the year, Aura Resources (TSXV: AUU) decided to share its plans for the Gold Chain project, which the Ontario miner acquired last July.In a press release, the company said that as soon as 2019 kicks off, they want to start mapping and sampling the area using geophysics, geochemistry, alteration studies and advanced deposit modeling. The idea is to obtain information that will be...Read More
Delrey Metals (CNSX: DLRY) has acquired two B.C. vanadium projects by issuing 5.5 million shares to BC Vanadium, a private company.The Star and Porcher vanadium properties cover a combined 67.4 sq. km in northwest B.C., near the small logging community of Oona River on Porcher Island. The properties host iron-titanium-vanadium mineralization in titaniferous magnetite. Historic samples from the pro...Read More
Vanadium miner Bushveld Minerals (LON:BMN) will have to pay ?490,000, reduced from a previous fine of ?700,000, as the London Stock Exchange (LSE) determined the company breached of two of the AIM's listing rules.The violations were the result of the South African miner failing to meet its regulatory obligations in relation to its undertaking to pay an exclusivity fee to the vendors of Vametco...Read More
"We reached our goal to extend the life of the lining, thanks to the product support and service given by Metso at every stage," says Gustavo de la Torre, Mineral Processing Manager of Cerro Lindo.Cerro Lindo is an underground copper mine with an average daily production of 20,000 tons. The mine is located in central Peru, 175 kilometers southeast of the capital city of Lima, and operated by Nexa...Read More
Shares in Condor Gold (LON:CNR) climbed over 10% Friday after it announced the Nicaraguan ministry of energy and mines had granted it the Las Cruces concession, which expands its La India gold project package by 45%.The 25-year exploration and exploitation concession covers an area of 142.6 km2, expanding the La India land package to 455.6 km2. Condor Gold's project now includes a total 11 adj...Read More
"The London Stock Exchange has fined #AIM star Bushveld Minerals ?490k for not disclosing a material deal in 2016, ignoring its former Nomad's advice | https://t.co/64LYOgzLL6$BMN #BMN"Read full newsRead More
WOW air is giving away two roundtrip tickets to some European hotspots, including London, Paris, Brussels, Dublin, Iceland, or Berlin.Read full newsRead More