Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations.The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days.According to the tech company, A3Rs comprise a fully autonomous aeri...Read More

Following reports of a potential power shortage in one of China's major ferro-alloy production hubs in the second quarter of this year, market participants have downplayed any immediate impact on ferro-alloy prices in the country, saying they intend to adopt a wait-and-see stance in the run up to April.The city of Ulanqab in China's autonomous region of Inner Mongolia is expected to experience a s...Read More

The merger mania sweeping the gold mining sector isn't a flash in the pan - it's likely just begun. Unless these companies want to shrink, they must continue to gobble each other up. "There is going to be a new wave of M&A as a way to grow reserves especially because organic growth is so hard to come by," said Matthew Miller, a Denver-based equity research analyst at financial research...Read More

TerraX Minerals (TSXV: TXR) announced that the Mackenzie Valley Land and Water Board in Yellowknife, Canada, issued a Land Use Permit that approves the company's exploration plan on all the land holdings of its Yellowknife City Gold property.The new permit, effective until January 2024 and extendible to 2026, replaces two previous ones that covered a smaller area. It also provides for water usage...Read More

Lead's three-month price on the London Metal Exchange climbed at the close of trading on Wednesday February 27, finishing above its nearby $2,100 per tonne resistance level amid a continued draw on the LME's dwindling inventory.Total LME lead stocks were now at their lowest level in a decade, with the amount of deliverable material now down to just 61,125 tonnes. More than 40% of on-warrant materi...Read More

Gold On Wednesday, gold price ignored the 55 and 200-hour simple moving averages. The price fluctuated around them freely. Meanwhile, the resistance of the 100-hour SMA was still able to push the pair lower.   A decline of the commodity is still expected, as the previous support levels have moved above the price and begun to provide resistance.  Meanwhile, take into account that round pr...Read More

Tin premiums were unchanged across the board on Tuesday February 26, with a climbing outright tin price capping spot business in Europe and the United States, while Chinese participants are yet to feel the downstream effects of this week's suspension of key tin producer Yinman Mining. European demand holds up despite Indonesian export delays US participants concerned over climbing tin price China...Read More

The London Metal Exchange has received its first application ahead of its introduction of the Registered Intermediating Brokers (RIBs) membership category, according to a note to members on Wednesday February 27.Freight brokerage firm Simpson Spence & Young (SSY) confirmed to Fastmarkets that the firm's membership is now being considered by the LME and circulated to existing members for approval....Read More

Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold held steady on Wednesday, consolidating in a tight range, with the U.S. Federal Reserve's dovish stance on monetary policy offering limited support, while palladium stayed above the key $1,550 level and not far from its record high.Spot gold fell 0.7 percent at $1,319.31 per ounce at 1:37 p.m. ET, and U...Read More

   •  A modest USD rebound/US-China trade optimism prompts some fresh selling.   •  Downside remains limited on the back of Powell’s overnight dovish message.   •  Today’s release of US durable goods orders eyed for some short-term impetus. Gold traded with a mild negative bias through the early European session on Wednesday,...Read More

Equinox Gold (CVE: EQX) has attracted a $130m investment from Abu Dhabi's state-owned Mubadala Investment Co. in the form of convertible notes.The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox's board and standard anti-dilution rights.Equinox plans...Read More

Gold futures finished lower on Tuesday to mark their first two-session skid in nearly three weeks. Still, the price move was modest, showing little reaction to the U.S. Federal Reserve Chairman Jerome Powell's first day of testimony to Congress, at which he backed a wait-and-see mode. Some weakness in stocks, falling yields and a softer dollar - all factors that would ordinarily support bullion -...Read More

A weaker secondary aluminium market in Europe and a lack of domestic demand drove the UK secondary aluminium market down by 2.9% on Wednesday February 27. Fastmarkets assessed the price of LM24 pressure diecasting ingot on a delivered consumer works basis at ?1,380-1,440 ($1,839.18-1919.15) per tonne on Wednesday, with deals concluded toward the lower end of the range. This is the lowest pri...Read More

Queensland Rail had stowed a train carrying copper, lead and zinc concentrate from Glencore's operations in the Australian state on 31 January as a precautionary measure.That was not sufficient to protect the 80-wagon Mount Isa train after historic rainfall of as much as 1.16 meters by February 7 near Townsville, where Glencore's copper refinery servicing its Mount Isa Mines is located.According t...Read More

BHP Group Ltd, the world's biggest miner, announced a raft of management changes on Thursday, in line with its "transformation agenda" led by Chief Executive Andrew Mackenzie.The executive-level changes at BHP include the appointment of a chief commercial officer and the resignation of its president of petroleum operations.Mackenzie late last year set up a so-called transformation office that repo...Read More

An overview of the noble alloys markets and the reasons for any price moves.Read More

The Chilean government will actively be seeking investors for 25 new mining projects when it attends the PDAC Convention in Toronto next week. The projects, which include the mining of a variety of metals including copper, gold, lithium and cobalt, will represent an investment of $500 million and are estimated to lead to 1,500 new jobs in the construction phase alone.Chile's Minister of Mining, Ba...Read More

* U.N. meeting in Jamaica to work on deep sea mining law* China holds most licences, Belgium has technological edge* DeepGreen has partnership with Denmark's Maersk* DEME unit Global Sea Mineral Resources tests technologyBelgian group DEME and Canada's DeepGreen are carrying out tests and research to collect nodules containing copper, cobalt and other minerals from the ocean floor, as a race to mi...Read More

Chile's Codelco, the world's No. 1 copper producer, plans to kick off underground operations at its century-old Chquicamata mine by mid-year, chairman Juan Benavides said Wednesday.The $4.9 billion-switch, part of Codelco's 10-year, $39 billion-overhaul of its core mines, is expected to extend the mine's life by at least 40 years. This will allow the copper giant keep production rates, despite f...Read More

Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations.The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days.According to the tech company, A3Rs comprise a fully autonomous aeri...Read More