The seaborne coking coal market showed some signs of weakness on Tuesday May 28, with supply outpacing demand in the fob Australia premium segment, even though prices for China-bound cargoes appeared to hold up.A July-laycan cargo of second-tier hard coking coal was traded at $197.05 per tonne cfr China. The transaction is part of a term contract, according to various sources.This is down $0.95 pe...Read More
Brazil's Vale has appointed Marcello Spinelli as executive director of ferrous and coal, the miner said on Monday May 27.He replaces Claudio de Oliveira Alves, who had been acting as interim executive director for the last three months after his predecessor Gerd Peter Poppinga stepped down along with other Vale's top executives following a tailings dam disaster in Minas Gerais state.The collapse o...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resources"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingThe newspaper reported that sources close to the court stated a draft decision is circulatin...Read More
Chinese mills lowered their export offers for hot-rolled coil on Tuesday May 28 to generate interest after a recent lack of activity in the market, both at home and abroad.DomesticEastern China (Shanghai): 3,990-4,000 yuan ($578-580) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,900-3,910 yuan per tonne, unchangedA Hangzhou-based trader said trading activity remained thin during...Read More
China's rebar prices were largely flat on Tuesday May 28 in both the domestic and export markets amid the mild movements of the long steel product's futures contract. Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($580-587) per tonne, unchangedNorthern China (Beijing): 3,920-3,970 yuan per tonne, widened downward by 10 yuan per tonneDespite the steady price increases for iron ore in the past...Read More
Base metals prices on the Shanghai Futures Exchange were split into two camps during morning trading on Tuesday May 28, with a stronger dollar and comments from US President Donald Trump suggesting the US was "not ready" to make a trade deal with China pressuring the complex."D-day is approaching for increased tariffs on trade between the US and China, with no signs of capitulation from either sid...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Bank of Nova Scotia (BNS $70.57) is expected to open lower after reporting lower than consensus fiscal second quarter earnings. Husky Energy (HSE $12.51) is expected to open higher after raising its 2019 cash flow guidance.Apple (AAPL $178.97) is expected to open lower after Citigroup lowere...Read More
Benchmark cobalt prices edged lower again at the end of last week after some sellers cut their offers to secure larger tonnage inquiries after an early start to the quieter summer period. Fastmarkets MB assessed the standard-grade cobalt price at $16-16.55 per lb, in-warehouse, on Friday May 24, down from $16.20-16.75 per lb on May 22. Buying from consumers has tailed off in the past few weeks, an...Read More
Selling on eBay can be a lucrative side hustle if you you know what you're doing. eBay makes it easy for just about anyone to start buying and selling items for auction online. And, I'm sure you've heard the success stories of people making $1,000 – $2,000 or more per month selling on the platform.Is that really possible? If so, what are these sellers doing differently? It turns out there ar...Read More
Right now bitcoin (BTC) is back above $8,000 after suffering a substantial "flash crash" last week. This is a major milestone that I’ve spoken about quite a few times this year.It signifies that the bottom is over and that we’re now in the beginnings of a choppy bull market.Of course, we will continue to see dips in the market. But the highs will get higher and higher.Fortunately for i...Read More
A Colorado School of Mines geophysics professor was part of a team of scientists investigating an Antarctic ice shelf the size of Colorado and Utah combined that discovered an ancient geologic structure that controls the flow of ocean water deep under the shelf. Researchers working on the project ROSETTA-Ice also mapped the thickness and internal structure of the ice shelf, and identified a new m...Read More
This podcast features SolGold CEO Nick Mather accepting The Northern Miner's "Mining Person of the Year" for 2018, first announced in March 2019.The award is in recognition of Nick's role as the driving force behind the wildly successful grassroots exploration team that has drilled off the world-class Alpala copper-gold deposit at its Cascabel project in Imbabura province in northern Ecuador.Even...Read More
Shares of Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) soared 21% to 44 ? following news of drill results at the junior's Colomac project in the Northwest Territories.The first assay results from its 2019 drill program returned 56 metres of 13.49 grams gold per tonne, including 31 metres of 22.12 grams gold from 238 metres downhole in hole 19-08, and 111 metres of 2 grams gold, including 24 metres of...Read More
Bonterra Resources, based in Val d'Or, Quebec, has released a new resource estimate for its three projects - Gladiator, Barry and Moroy - in the Urban Barry camp about 200 km northeast of Val d'Or.For all the deposits, the indicated resource is 3.2 million tonnes averaging 6.33 g/t gold and containing 643,000 oz. of gold. The inferred resource is 6.2 million tonnes averaging 7.04 g/t and containin...Read More
Brazil mining giant Vale (NYSE: VALE) said Tuesday the risk of a new dam break as a consequence of an unstable embankment at its nearby Gongo Soco open pit, in the southeastern state of Minas Gerais, had decreased.The miner and emergency services had warned that a section of the now defunct mine had an estimated 10% to 15% chance of disintegrating. If that happened, Vale had said, it would ruptu...Read More
Shares of Delrey Metals Corp. (CSE:DLRY) surged 17% on Tuesday morning following positive re-assay results from its Four Corners iron-titanium-vanadium project in Newfoundland, Canada. The company's market capitalization currently sits at C$3.8 million.During a recent visit to the project, the company collected nine samples from drilling programs done in 2010-2011 and used both lithium metaborate...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second largest producer of the precious metal, said it was considering a $1 billion expansion of its Pueblo Viejo mine in the Dominican Republic in a 60-40 joint venture with Newmont Goldcorp (NYSE: NEM)(TSX: NGT).Having recommitted Barrick to its Latin American portfolio earlier this year, president and CEO Mark Bristow said the company...Read More
A loan of $100,000 helps coffee farmers in Uganda double their income by keeping ownership of their coffee along the value chain.Read full newsRead More
"NOW LIVE: Global METS Investment Report 2019 - A world-first look at Mining Equipment, Technology and Services Leaders in the US$150 billion METS arena.Get the free excerpt here - https://t.co/9VlqH7Fkjj#aspermont #mining #technology #equipment #service"Read full newsRead More
This would be seriously disruptive for the US supply chain, and has been labeled one of China's 'nuclear options' in the trade war.Read full newsRead More