State governments are sitting on boatloads of unclaimed dollars. Right now Florida alone is holding $1 billion, Washington ... $1.3 billion, Illinois ... $2.9 billion, California ... a whopping $9.3 billion, New York ... a jaw dropping $14 billion. And the billions keep pouring in. According to the National Association of Unclaimed Property Administrators (NAUPA), in FY 2015, $7.763 BILLION wa...Read More
The following Fastmarkets minor metals prices changed on Friday February 22:Bismuth MB China domestic, yuan/tonne: 48,500-50,500 yuan per tonne from 49,000-51,000 yuanChromium MB free market alumino-thermic, $/tonne: $8,800-9,600 per tonne from $8,800-9,650Cobalt MB free market alloy grade, $/lb: $15.60-16.80 per lb from $15.90-17.35Cobalt MB free market standard grade,...Read More
An overview of the Chinese minor metals markets and the reasons for any price moves.Read More
Standard-grade cobalt prices were forced closer in line with prices for alloy-grade material earlier this week after consumers resisted paying a premium for the former, despite its tighter availability. Fastmarkets assessed the standard-grade cobalt price at $16.05-18 per lb, in-warehouse Rotterdam, on Wednesday February 20, down by 6.2% from $17-19.30 per lb on February 15.The alloy-grade cobalt...Read More
Prices for long and flat stainless steel products in Europe were stable this week, but at least one producer has announced sharp increases for March and the rest of the market is expected to follow suit.Finland-based Outokumpu announced on its website on Thursday February 21 that alloy surcharges for grade-304 cold-rolled (CR) sheets for March will increase by ?,?123 ($139) per tonne to ?,?1,351 (...Read More
Vancouver, British Columbia (February 22, 2019) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) wishes to provide a status update on the reinstatement of trading in the securities of Prize. The TSX Venture Exchange (the Exchange) issued a Bulletin on the afternoon of Thursday, February 21, 2019, following confirmation that the Company meets co...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 22. Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 22.China The domestic ferro-chrome spot price rose in response to higher raw material prices pushing up production costs. But Tisco steel mill announced their March tender...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday February 22:Aluminium scrap Floated Frag: ?,?1,050-1,095 per tonne from...Read More
February 22, 2019 - Vancouver, B.C. - ATAC Resources Ltd. (TSX-V: ATC) (“ATAC” or the “Company”) announces a non-brokered private placement offering (the “Offering”) of up to $3,000,000. The Offering will consist of the sale of flow-through units at a price of $0.35 per flow-through unit. Each flow-through unit will consist of one flow-through common share and o...Read More
Asian ferrous scrap demand softened this week, especially after Vietnamese buyers booked large quantities last week. Price falls in key bellwhether market Turkey alsoexacerbated bearish sentiment. Some Asian ferrous scrap market participants feel that prices have peaked and are getting ready to fall after this week."Prices have most likely peaked and should start coming off soon," a ferrous scrap...Read More
Acquiring unpatented mining claims on federal "public lands" in the United States is considerably different than acquiring tenures under the mining law in Canada or elsewhere in the world where a "registration" system is used to validate claim ownership.The U.S. law is based on the General Mining Law of 1872. Under that law, the right to locate is "self-initiated" (meaning no act of the federal go...Read More
Golden Star Resources (TSX: GSC; NYSE: GSS) has boosted the inferred resource at its Father Brown gold project in Ghana 93% to 2.3 million tonnes grading 6.4 grams gold per tonne for 474,743 oz. gold. It also updated the project's indicated resource, which now totals 981,465 tonnes at 7.5 grams gold for 237,897 oz. gold.Father Brown consists of the Father Brown and Adoikrom pits, which the company...Read More
Regional exploration last year on its Indin Lake property, 200 km north of Yellowknife in the Northwest Territories. turned up high-grade gold in grab samples taken in three different areas including 174.50 grams gold per tonne at Fishhook, the southernmost project on its 899-sq-km land package, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) reports.Fishhook consists of several historical gold showings...Read More
Canada's Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest gold producer, may eclipse its recent merger with Randgold Resources by buying rival gold major Newmont Mining (NYSE: NEM) in a US$19 billion all-share deal.Commenting on media speculation, the Canadian miner confirmed it had reviewed the opportunity to merge with the U.S. miner in an all-share, nil-premium transaction. "No...Read More
If you are reading this on a cell phone or a computer, you have fueled the demand for the dozens of minerals that go into those devices. Copper, nickel, zinc, cobalt, gold, silver - just to name a few - are the backbone of the ever-growing digital economy. The greater the Cloud, the more expansive the search for and production of the Earth's bounty of minerals.It's the same in the technological pr...Read More
Canada's ZEN Graphene Solutions (TSXV: ZEN) issued a press release this week stating that management is optimistic about the company's project to transform mine tailings into cement replacement material.The experiment is being carried out at the University of British Columbia's Okanagan campus and it makes use of the tailings from the Albany graphite project, located in northeastern Ontario."Early...Read More
A deal could leave Goldcorp stranded - or back in play - amid a wave of consolidation in the gold sectorRead full newsRead More
BullionStar was recently asked to comment on the Reserve Bank of Australia's gold reserves supposedly stored at the Bank of England's gold vaults in London. This Q & A is a summary of the discussion.Read full newsRead More
Shares in Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) climbed on Friday after the miner said it is ready to grow its yearly output to more than 500,000 ounces next year, supported by the restart of its K????lada?? gold mine in Turkey, and the soon-to-be coming online Lamaque project in Canada.The Vancouver-based miner cancelled plans last month to build a $500-million processing mill at K????lada...Read More
The world's biggest undeveloped gold and copper mining project, planned in ...Read full newsRead More