U.S. equity index futures were higher this morning. S&P 500 futures gained 8 points in pre-opening trade.European Central Bank maintained overnight lending rates Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was unchanged from the previous week at 215,000. Actual was 218,000. Second estimate of first quarter real P...Read More
The cfr China segment of the seaborne coking coal market continued to weaken on Thursday June 6, with a cargo of premium materials being traded below prevailing levels.A cargo of a top Australian brand scheduled for loading over July 10-24 was sold to a Chinese trader at $204.67 per tonne cfr China, various sources told Fastmarkets.The same brand had changed hands at $212.77 per tonne cfr China mo...Read More
Vale has lowered the alert level at its Vargem Grande dam following a series of structural improvements made since January in the wake of a deadly breach of another."The Vargem Grande dam, located in the Ab??boras mine in Nova Lima, Minas Gerais, Brazil, had its emergency action plan for mining dams level reduced from 2 to 1," Vale said on Wednesday June 5.Vale did not announce any related changes...Read More
The average household in America consumes 10,764 (kWh) in electricity each year at an average cost of $1,351.If you have the bucks to spend, you can chop that bill by replacing older appliances with new energy-efficient ones.But if you're not ready to trash a perfectly good stove or air conditioner to save a few bucks on your power bill, here are some simple steps you can take without doing an ext...Read More
U.S. Gold Corp. intends to drill up to 28,000 feet (approx. 9,000m) in up to 14 holesThis program is designed to assess a number of previously inaccessible targets because of previous permitting limitationsIdentification, qualification, and prioritization of these targets were determined by means of detailed surface geology, geochemistry, and geophysics and expert knowledge of Carlin-type deposit...Read More
Zinc's three-month price on the London Metal Exchange climbed by more than 2% during morning trading on Thursday June 6, breaching its nearby $2,500 per tonne resistance level while the metal's forward spreads begin to show signs of easing. Volumes traded in the galvanizing metal were strong over the morning, topping the complex with more than 6,500 lots exchanged as at 9.45am London time. Prompti...Read More
One disappointment after another in the world of trade and economic data, with the only relief coming in the form of potential for easier monetary policy, makes for a gloomy outlook.The outlook could be saved if a trade deal arrives soon, otherwise it looks like the global economy is being wounded as it suffers one blow after another.International Monetary Fund cuts its 2019 economic growth foreca...Read More
Key data from the Wednesday June 5 pricing session in China. Key driversChinese cobalt sulfate price stabilizes due to producers' efforts to keep their offer prices steady. Consumer demand remains weak amid uncertainty surrounding electric vehicle (EV) sales in the second half of 2019. Chinese battery and battery materials manufacturers have slowed their operations while they await greater clarity...Read More
Key data from the Wednesday June 5 pricing session in Europe.Key drivers Thin demand in Europe for both grades of the material.A call from the antimony branch of the China Nonferrous Metals Industry Association asking major producers in the country to reduce output in a bid to reverse price weakness could...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne Click here for Fastmarket MB's price assessment for the cobalt sulfate, Co 20.5% basis China ex-works, adjustment to the standard-grade cobalt low-end price,...Read More
Import prices for stainless steel in East Asia declined slightly over the past week amid lackluster demand and expectations of further price decreases later this month."Demand for stainless steel in China usually falls in the summer months starting in June, possibly due to weaker downstream demand," a trader in East China said."With the price of nickel trending downward, stainless steel prices are...Read More
Domestic stainless steel prices in China decreased over the past week amid softer demand. The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 13,850-14,250 yuan ($2,004-2,062) per tonne including value-added tax for the week ended Wednesday June 5, down 100-150 yuan per tonne from a week earlier. Buyers expecting a further price...Read More
June 6, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce that it has kicked off the exploration program at its Thorn project located in Northwest British Columbia. The initial 2019 program will consist of 1,000 metres of HQ size core drilling at Oban zone (within the Camp Creek Trend) to test for porphyry copper mineralization at de...Read More
RNC Minerals (TSX: RNX) has found an estimated 987 oz. gold in 238 kilograms of rock from veins on level 16 of its Beta Hunt gold mine, just 25 metres below its Father's Day Vein discovery on level 15, which it announced in September 2018.High-grade gold has been found on three levels - 14, 15 and 16 - in the "A" zone of the mine in Western Australia, and the junior company intends to drive stopes...Read More
In May 2019, The Northern Miner hosted the third annual Canadian Mining Symposium at Canada House in London, United Kingdom. The event brings together British and European mining and investment communities for a comprehensive showcase of Canadian projects and Canada-listed companies in the mineral development sector.This year's symposium featured fireside talks, panels and presentations with top-t...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoMy May 16 column about WGC gold statistics prompted a fuming letter from the Council to the Mining Journal editor.Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoI'm not one to endorse doctrine based on religious persuasion as it pertains to the mining sector.Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoBack in 2014, if memory serves, when the iron ore price was locked into an inexorable decline from its heady apex of late 2010 toward the depths...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoNot talking so much about honest errors of fact, spelling mistakes or stupid sentence constructions not picked up by copy editors.Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoJP Morgan, which is heavily involved with companies producing the lightweight battery metal, said tight profit margins were forcing supply cuts but no...Read More