An overview of the noble alloys markets and the reasons for any price moves.Read More
Transaction prices for grade-304 stainless steel sheet narrowed lower this week ahead of lower alloy surcharges officially taking effect from June 1, sources told Fastmarkets on Friday May 31. Fastmarkets' price assessment for grade-304 cold-rolled stainless steel sheet was ?,?2,200-2,260 ($2,449-2,516) per tonne delivered to Northern Europe on Friday, down by ?,?40 per tonne on the high side from...Read More
Hebei Steel, China's largest steel mill, has kept its purchase price for silico-manganese unchanged at 7,600 yuan ($1,099) per tonne for June delivery, with suppliers trying to maintain higher offers amid rebounding prices in both the spot and futures markets, market sources told Fastmarkets MB.Hebei Steel, as the majority of market participants had expected, initially bid at 7,500 yuan per tonne...Read More
Vietnamese steelmakers booked H2-grade scrap from Japan this week, snubbing offers from the United States and Europe while they await price drops for materials from these two sources as well as in Turkey.But in Taiwan, tight supply of the steelmaking raw material in the island's domestic market led to mills there continuing to snap up US cargoes of heavy melting scrap 1&2 (80:20).VietnamThe weekly...Read More
The entire footprint of NexGen Energy's (TSX: NXE; NYSE-AM: NXE) proposed Arrow mine is smaller than a university campus, but could produce 21% of the world's uranium once in production, the company says.The high-grade uranium deposit in Canada's Athabasca basin would produce 25.4 million lb. uranium oxide (U3O8) per year over an estimated mine life of nine years - leapfrogging the company into th...Read More
Agnico Eagle Mines' (TSX: AEM; NYSE: AEM) Meliadine mine - it's largest gold deposit in terms of resources - achieved commercial production ahead of schedule and below the initial capital budget, the company reports.Total construction costs after crediting pre-commercial gold sales came in below the 2017 guidance of US$900 million.The mine, near Rankin Inlet in Nunavut, is expected to produce abou...Read More
After a milestone-rich year in which Champion Iron (TSX: CIA; ASX: CIA) restarted the Bloom Lake iron ore mine in Quebec's portion of the Labrador Trough, the company has executed a series of transactions to better position itself for growth amid a global supply shortage in high-grade iron ore.In May, Champion finalized a preferred share offering for $185 million with Quebec pension fund manager C...Read More
After months of apprehension, fragments of the northern slope of Vale's (NYSE:VALE) Gongo Soco mine, in the southeastern Brazilian state of Minas Gerais, has begun to gradually slide into the bottom of the open pit, reducing the risk of a new dam break, the company said on Friday."These pieces settled gently at the bottom of the pit with early assessments indicating that the wall is sliding gradu...Read More
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". @IvanhoeMines_ is advancing its three principal projects in Southern Africa: 1) Platreef Project; 2) Kamoa-Kakula copper discovery and 3) Kipushi Project. Ivanhoe Mines will be presenting in June at the Mining Journal Select conference. https://t.co/qhqmCphM6E"Read full newsRead More
Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.At present, the British Columbia-based mine...Read More
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