ELKO, Nevada, November 6, 2018 /PRNewswire/ --- U.S. Gold Corp. will drill up to 16,000 feet (approx. 5,000m) in approximately 8 holes - This program will assess a number of previously inaccessible targets because of previous permitting limitations - Identification, qualification, and prioritization of these targets were determined by means of detailed surface geology, geochemistry, and g...Read More
Forecasting elections is more art than science. One of the problems in forecasting elections is the nature of polls. Many polls are misleading and suffer from flawed methodology.I was flying around the world just before the 2016 presidential election, telling audiences in Europe, Australia and here at home that Trump would win. I got a lot of funny looks and gasps from the anchors, who didn't take...Read More
Iron ore exports from Western Australia's Port Hedland fell year on year and month on month in October, leading to tighter supplies of Australian material in the seaborne market and pushing prices above $75 per tonne cfr China.The port shipped 40.18 million tonnes of the steelmaking raw material last month, down by 2% from October 2017, according to data released by the Pilbara Ports Authority on...Read More
Unless you've been living under a rock somewhere, you know the critical midterm elections are tomorrow. The outcome will likely have a major impact on President Trump's future in office.For months, we heard talk of a coming blue wave that would put Congress back in Democratic hands. Basically, the idea was that Democratic voters were more motivated than Republican voters, that their disgust with T...Read More
China's ferrous futures tanked after morning open on Tuesday November 6, with losses narrowed later for contracts except rebar, amid stronger expectations that the country's winter steelmaking restrictions would be lighter than those a year earlier.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,973 yuan ($575) per tonne, down 79 yuan per tonne January hot-rolle...Read More
The market was pulled in two directions today… like a wishbone under pressure from two equally determined foes.The bears, inspired by disappointing news from Apple, pulled in one direction.The bulls, jaunty after this morning's jolly jobs report, yanked in the other.Trade war news - first going one way, then the other - was ready to swing the contest.Which side won?Perhaps more importantly&#...Read More
Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday November 6, with those of aluminium, nickel and zinc benefiting from President Xi's announcement of plans to add new free trade zones in Shanghai.President Xi said in an opening speech at the Shanghai Import and Export Expo on November 6 that China will keep expanding its importing business and r...Read More
Glencore-owned Katanga Mining will suspend the export and sale of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC) after finding excessive levels of uranium in the cobalt hydroxide produced there, the company said on Tuesday November 6.Uranium levels exceeded the limit allowed for export through the main African ports, the company said.To date, the volume of production affe...Read More
Some Chinese bismuth producers are likely to cut production on squeezed profit margins, market participants told Fastmarkets, adding that it is hard to forecast the resultant impact on spot prices in the near term. Domestic Chinese bismuth prices have fallen from highs of this year of 71,000-72,000 yuan ($10,303-10,448) per tonne in February and have been mostly under pressure so far in 2018, acco...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal international The two countries have much in common: Westminster-style democracies, being part of the Com...Read More
LONDON - European automakers BMW and Volvo plan to experiment with steel contracts to be launched by the London Metal Exchange early next year, a move which could eventually change the way the industry hedges and prices contracts, industry sources said.The LME is launching three hot rolled coil (HRC) steel futures covering Europe, North America and China early next year, and industry sources told...Read More
Caledonia Mining (TSX: CAL; NYSE: CMCL) has agreed to buy back Fremiro Investments' 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at $16.6 million. After completing the transaction, Caledonia will own 64% of Blanket.Under the terms of the deal, the two companies will cancel Fremiro's outstanding US$11.46 million Caledonia loan. Caledonia will then issue Fremiro 727,266 s...Read More
SHANGHAI - State-owned metals and mineral trading firm China Minmetals signed a 20 million tonne iron ore purchase agreement with Brazilian mining giant Vale on Tuesday.The agreement was signed during a ceremony at the China International Import Expo in Shanghai.China is the world's biggest consumer of the steelmaking ingredient.Minmetals also signed a 2,400 tonne nickel briquette purchase agreeme...Read More
"61 out of 100 is the average #investmentsecurity rating across 95 jurisdictions in the 2018 #WorldRiskReport. Find out who topped the list: https://t.co/iXlsSr9ABt"Read full newsRead More
"Randgold's quarterly results presentation in London today saw Mark Bristow in flying form. Read @jacquelinemh85's report here ($) | https://t.co/53Kx9ohLbZ $RRS"Read full newsRead More
You would think that Tesla short sellers would be running away after the company's record quarter announced last month, but it's not the case for one of the most prominent men betting a...Read full newsRead More
Junior sees substantial resource potential in Peru pipe-lineRead full newsRead More
"Barrick #Gold shareholders have backed the merger with Randgold, and there are also rumours a Nevada tie-up with Newmont is in play ($) | https://t.co/hIjXn01QNE $ABX $RRS"Read full newsRead More
"According to Cowen's work, 57% of #cannabis products in #Canada are out of stock - the same percentage as last week.Products, however, are being added at a speedy pace, with Cowen noting the SKU count as growing 20% weekly since pot was legalized three weeks ago. @SeekingAlpha"Read full newsRead More
After a few months threatening to break the all-time record (102,635 units, set last December), the Chinese plug-in electric vehicle (PEV) market finally hit a new high, with some 104,900 plug-in vehicles being registered in September, up 66% and in line with previous months' growth ratesRead full newsRead More