Fertilizer Canada - representing manufacturers, wholesalers and retailers of nitrogen, phosphate, potash and sulphur fertilizers - has decried the lack of consultation with the Saskatchewan government before changes were made to the current potash taxation regime.Saskatchewan potash producers - Nutrien, BHP and Mosaic - had no input before the surprise provincial budget announcement that they may...Read More
Pessimistic sentiment persisted among the Chinese segment of the seaborne coking coal market on Thursday March 21 despite largely stable prices.A March-loading cargo of second-tier hard coking coal was sold at $193 per tonne cfr China to an end user in southern China, several sources told Fastmarkets.On the Global Coal trading platform, a June-laycan cargo in the branded segment changed hands at $...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsBack in 2010 a moratorium on new exploration licences effectively shut out explorers wanting to gain access to Mongolia's highly prospective geology.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadership"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpIt reported a 32m intercept at the Gamlegruve workings area grading...Read More
Brazil's Vale has issued a warning over another potential iron ore production impact of as much as 10 million tonnes per year due to the suspension of operations at its Alegria mine in Minas Gerais state.The mine was suspended "on a preventive basis", because the results of a preliminary analysis of its structures were inconclusive under stress conditions, and as such, were unable to confirm its s...Read More
The use of Fastmarkets MB's iron ore indices in physical contracts continues to widen, with several market participants confirming in recent weeks that they have settled 2019 term contracts using the Fastmarkets MB 65% Fe iron ore index as the base.The moves follow the announcement from Brazilian producer Vale late last year that it was switching its pellet contracts for this year to a 65% Fe...Read More
Copper's three-month price on the London Metal Exchange was up by more than 1% during morning trading on Thursday March 21, trading back above $6,500 per tonne amid weakness in the dollar index after the US Federal Reserve pledged to hold interest rates for the remainder of the year. With copper volumes leading the complex at just under 7,000 lots traded by 9:38am London time, buying interest in t...Read More
Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday March 21, while the market digested the messages from last night's US Federal Open Market Committee (FOMC) meeting.The FOMC proved to be even more dovish than was previously expected, which is a double edge sword as on the one hand it makes for more favorable conditions for businesses, but on the other th...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Initial Jobless Claims was 225,000, down from upwardly revised 230,000 last week. Actual was 221,000. Consensus for March Philly Fed Index was an increase to 5.0 versus a drop...Read More
The price of cobalt metal in the Chinese domestic market continued to fall in the mid-week assessment on Wednesday March 20 amid persistent weakness in the international benchmark price, which more than offset an uptick in spot trading activity.Fastmarkets assessed the price of cobalt metal, min 99.8%, in China's domestic market at 255,000-290,000 yuan ($38,039-43,261) per tonne on March 20, widen...Read More
Domestic stainless steel prices in China narrowed downward slightly over the past week on rising inventories, though the market is not expected to weaken much further.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,000 yuan ($2,193-2,238) per tonne including value-added tax for the week ended Wednesday March 20, down...Read More
"I haven't started my retirement nest egg yet, and I'm worried about not having enough. How do I get started? Please help!"I've already gotten hundreds of replies from Monday's survey.And as they keep rolling in, I can't help but notice many of you facing the same questions about retirement.By far, the number one question I've received is about investing for retirement.Over the years, I've had cou...Read More
The days of the 40-year career with the same company are gone. The gold watch is gone. And in most cases, the company pension is gone too, or it's been replaced by a self-managed IRA or 401(k) plan. The first thing you need to know about retirement today is it's entirely your responsibility. Here are seven ways retirement has changed in the last 25 years and what you can do about it. 1. Inheritanc...Read More
As time passes, the newer generations lack any understanding of gold standards or even the events of 1971. There are many people who judge the future of gold based upon their belief that it is money. However, like religion, human society is fragmented and certainly neither of one faith nor one political party. While there are YouTube videos showing people preferred a chocolate bar to a bar of s...Read More
Well that didn’t take long!Just two weeks ago I wrote to you saying I believed Oaktree Capital Group (OAK) presented a great buying opportunity as a “hedge” against future stock market volatility.My plan was that Oaktree - with its near 7 percent dividend yield - would be a stock that could be held for the long term. Instead, just one week later Oaktree announced that it was bein...Read More
Fastmarkets will discontinue the publication of all VDM German base metal scrap prices, which are syndicated through Metalbulletin.com, Fastmarkets MyDesk, Scrap Price Bulletin and AMM.com. The prices will no longer be updated as of Friday March 22, 2019. The affected prices are as follows: Aluminium Alloy DIN 226 ingots Germany ?,? per 1,000kg (VDM) Aluminium Alloy DIN 231 ingots Germany ?,? per...Read More
A new hole, drilled 150 metres east of recent discovery holes at Eastmain Resources' (TSX: ER) Percival target in James Bay, Que., shows identical rock type and style of mineralization, with a 74.5-metre intercept grading 0.97 gram gold per tonne.The initial discovery holes at Percival in November measure 78.5 metres, with 1.46 grams gold per tonne starting 16.5 metres downhole (hole ER18-822), an...Read More
Medgold Resources (TSXV: MED; US-OTC: MGLDF) will drill 5,000 metres at its Tlamino gold project in southern Serbia in 2019, fully funded by Fortuna Silver Mines (TSX: FVI).Fortuna can earn a 51% interest in the project by spending US$3 million on exploration over three years. It can increase its interest to 70% by spending US$5 million and completing a preliminary economic assessment over an addi...Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resources"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroftHeadline returns for the mining sector over the past eig...Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resources"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroftBenchmark Mineral Intelligence China analyst Albert Li m...Read More