Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesQuebradona will receive an investment of $55 million, with Gramalote seeing $10 million.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftThe company announced an updated resource for Iron Cap yesterday, in...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for January Durable Goods Orders was a drop of 0.6% versus an increase of revised 1.3% in December. Actual was an increase of 0.4%. Excluding Transportation, consensus for January Durable Go...Read More
Copper's three-month price on the London Metal Exchange could hit as high as $8,000 per tonne this year, Marex Spectron's head of market analytics Guy Wolf told delegates at Fastmarkets' International Copper Conference in Amsterdam on Wednesday March 13."My view is that we could see copper's three-month price on the LME move past $7,500 per tonne and reach $8,000 per tonne this year," Wolf said."I...Read More
The following Fastmarkets minor metals prices changed on Wednesday March 13:Minor metalsAntimony MB Chinese free market MMTA standard grade II, yuan/tonne: 46,000-46,500 yuan per tonne from 47,000-48,000 yuanCobalt MB free market alloy grade, $/lb: $14.20-14.90 per lb from $14.60-15.75Cobalt MB free market standard grade, $/lb:...Read More
Canada has been selling off most of its remaining gold reserves to the general public. They have been selling gold coins and reaping better prices than dumping 400-ounce bars to bankers. The figures from the Bank of Canada and Finance Department show that the country held 77 ounces at the end of February. They sold over 21,000 coins in February. Through most of 2015, the country’s gold res...Read More
After the ferro-alloys industry gathered in Hong Kong this week for Fastmarkets' Asian Ferro-alloys conference, our reporters present 10 of the key things we learned. 1. Vanadium is likely to regain momentum in 2019... Many market participants at the conference were bullish about ferro-vanadium in 2019, citing robust demand as a result of the revised rebar standard in China, which mandated an incr...Read More
The manganese ore market is likely to remain stable over 2019 after the previous two years of volatility, though profitability is liable to shrink, according to panelists at Fastmarkets' Asian Ferro-alloys conference in Hong Kong on Monday March 11."The market is less volatile compared to the last two years because while supply has gone up, demand has gone up too," Lei Fei, China Minmetals Corpora...Read More
Three-month base metals prices on the London Metal Exchange were mixed this morning, Wednesday March 13, with copper, aluminium, nickel and zinc down by an average of 0.2%, while lead was up by 0.6% and tin was little changed. Three-month copper was recently quoted at $6,451 per tonne, off by 0.3% compared with Tuesday's close at $6,468 per tonne.Volume was slightly below average with 6,482 lots t...Read More
It turns out retirement is a relatively new concept. Consider these numbers from The Evolution of Retirement by Dora L. Costa:In 1880, over 75% of men over 64 remained in the workforce.By 1900, that number had dropped to about 65%.By 1950, just 47% of men over 64 continued to work.By 1998, fewer than 20% of men over 64 were in the labor force.You see, retirement wasn’t always considered desi...Read More
Comprehensive surface geochemical surveys, combined with previous and additional geophysics, and scout drilling, identifies several new target opportunities and provides additional definition on previously identified target opportunitiesELKO, Nevada, March 13, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, today is pleased to announce the completi...Read More
Key data from the Wednesday March 13 pricing session in Europe. Key drivers The recent rally in the European ferro-titanium price shows no sign of ending, with buying inquiries reported from within Europe and beyond, such as the United States. Renewed consumer demand for second-quarter delivery settlements has combined with short covering for both prompt and longer term demand amid a potenti...Read More
“Dad, I got a raise!”I’ll never forget the look in my son’s eyes when he came home from Dunkin Donuts that evening. He was proud of himself, confident, and looking forward to having a bit more spending money in his pocket.David is a hard working young man. At his first job, he was willing to get up at the crack of dawn to help open the store, even on Saturday when most of h...Read More
Import prices for stainless steel in East Asia softened over the past week due to a slowdown in trading activity, amid thin buying interest and a weakening nickel market.Fastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil in East Asia was $2,050-2,150 per tonne cif on Wednesday March 13, widening downward by $10 per tonne from $2,060-2,150 per t...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday March 13:Aluminium scrapCommercial pure cuttings: ?970-1,000 per tonne from ?980-1,020Aluminium ingotLM24 pressure diecasting ingot: ?1,360-1,410 per tonne...Read More
Canadian Prime Minister Justin Trudeau made a visit to the annual convention of the Prospectors & Developers Association of Canada (PDAC) in Toronto on March 5, 2019, for a sit-in interview conducted by outgoing PDAC president Glenn Mullan.Below is a full transcript of the 20-minute interview, edited for clarity. Topics that Trudeau and Mullan discussed included technological innovation, sustainab...Read More
Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) has unveiled a preliminary economic assessment (PEA) for its Ivana uranium-vanadium deposit at its 100%-owned Amarillo Grande project in Rio Negro, Argentina highlighted by low operating costs."For the last three months we've been busy finalizing our PEA," Blue Sky president and CEO Niko Cacos says in an interview with The Northern Miner. "It's a very po...Read More
After riding out a decade of political and market instability, Ecuador-focused junior Salazar Resources (TSXV: SRL) has emerged with funds and a new focus to explore its portfolio of early-stage projects in the country.The company is helmed by Fredy Salazar, an Ecuadorian geologist with more than 30 years of experience, including a stint working for Newmont Mining (NYSE: NEM) in the country. Over...Read More
Canada's federal government used the opportunity of the annual convention of the Prospectors & Developers Association of Canada in Toronto in early March to unveil its 44-page Canadian Minerals and Metals Plan (CMMP), which is intended to guide federal and provincial mining policy in the years ahead.In some ways, the CMMP follows in the steps of the Whitehorse Mining Initiative, which was signed i...Read More
Atlantic Gold (TSXV: AGB; US-OTC: SPVEF) has added measured and indicated ounces at its Touquoy, FMS and Cochrane Hill gold projects with results from its 2018 drill campaign.The company added 88,000 oz. gold at Touquoy which, net of mine depleting, represents a 17% increase. The deposit now contains 11.3 million measured and indicated tonnes grading 1.23 grams gold for 445,000 oz. gold.It boosted...Read More