A summary of South32's production results for its manganese ore and alloy business in the financial year ended September 30, 2020, as stated in its quarterly report released on Monday October 19. In brief: Total manganese ore grew by 3% year on year and 19% quarter on quarter. The company attributed a 3% quarterly increase in Australian manganese ore production to favorable ore grades...Read More
The arrival of lower-priced cargoes and weakening downstream demand weighed on the market for UG2 chrome ore in China in the week ended Tuesday October 20, although liquidity was light.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, fell by $4 per tonne (-2.9%) to $135 per tonne on Tuesday, from $139 per tonne a week earlier."More people are looking to sell than...Read More
The International Copper Study Group (ICSG) has released its copper market forecast for 2020-21 and expects this year will mark the second consecutive year of decline in world copper mine production.After a drop of 0.2% in 2019, the ICSG anticipates that global copper mine production will fall by about 1.5% this year, before growing by about 4.5% next year.The forecast is in line with estimates...Read More
Sun Metals (TSXV: SUNM) has announced assay results for drill holes completed at its wholly owned Stardust project in north-central British Columbia.The intercepts confirm continuous high-grade copper-gold mineralization over 900 metres down-plunge, continuous between the Canyon Creek and deeper 421 zone at the property, the company said.The intercept, highlighted in a news release, is from hole D...Read More
A feasibility study on Battle North Gold's (TSX: BNAU; US-OTC: BNAUF) Bateman project in the Red Lake district has defined a seven-year, 1,315-tonne-per-day underground operation.The development features a 21-month construction and ramp-up period, which includes 14 months of gold production that would offset some of the capital expenditures.The project funding requirement stands at $93.2 million,...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has grown its Crawford nickel-cobalt sulphide project near Timmins, Ontario.According to an updated resource estimate, total measured and indicated resources now stand at 657 million tonnes grading 0.26% nickel for 1.7 million tonnes of contained nickel, a 9% increase from the previous estimate, while inferred resources jumped by 121% to 646 million...Read More
The all-in sustaining costs (AISCs) metric has been widely used in the mining industry since 2013 for its comprehensive and transparent look at an operation's costs.According to data from Miningintelligence, Lundin Mining's Chapada mine was the clear winner among global copper operations with AISCs at $1,411 per tonne during the second quarter of this year.In second and third place are two mines...Read More
Atalaya Mining (TSX: AYM; LSE: ATYM) is acquiring the Masa Valverde polymetallic project in Spain for a total of ?,?1.4 million (US$1.7 million) in cash from a private vendor.The first payment for the project, which is 28 km southwest of Atalaya's Proyecto Riotinto operation, is due when the mining permit is granted, and the second payment, when first production is reached.Masa Valverde has an inf...Read More
A long-running battle between Nordgold (LSE: NORD) and China's Shandong Gold Mining over Cardinal Resources (ASX: CDV) took a fresh turn, after the Russian gold miner matched Shandong' s latest bid of A$1 per share.Both suitors have been locked in a back-and-forth contest for the Australian miner - which owns the 5.1 million-oz. Namdini gold project in Ghana - since Nordgold put forward a A45.7 ?...Read More
Trafigura is preparing to table an offer for Brazilian miner Vale's embattled nickel and cobalt operations (VNC) in the French territory of New Caledonia in the South Pacific, sources told Fastmarkets on Tuesday October 20.Fastmarkets understands that the Geneva, Switzerland-headquartered trading house is part of a consortium with four French companies.A source said that current negotiations...Read More
The US nickel briquette premium continued to ascend in the week to Tuesday October 20 amid increased spot business at higher levels while lackluster appetites kept all other regional premiums stable over the period. Spot deals for US briquettes enlivened at higher levels, pushing the premium up from historic lows hit in September. Sustained lack of arbitrage opportunities in China kept premiu...Read More
An investment of at least US$1 trillion will be needed in key energy transition metals over the next 15 years "to meet the growing demands of decarbonization," reports consultants Wood Mackenzie, noting that the figure is almost twice the amount invested over the last 15 years."Put simply, the energy transition starts and ends with metals," the consulting firm said. "If you want to generate, trans...Read More
The migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central...Read full newsRead More
The top 10 rankings saw a big shift over the past year.Read full newsRead More
DGTL Holdings (DGTL) has signed a 24-month software licensing agreement with a major online fantasy sports gambling company.Read full newsRead More
October 21st, 2020 Great Thunder Gold Outlines its Phase 1 Drilling Program in the Fenelon Gold Camp Read News Release in PDF October 21st, 2020, Vancouver, British Columbia - Great Thunder Gold Corp.Read full newsRead More
PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company's online wallets.Read full newsRead More
Comet Resources Limited (Comet or the Company) (ASX:CRL) is pleased to announce the finalisation of an exploration access agreement (EAA)Read full newsRead More
Brigadier Gold Limited is pleased to announce that the first diamRead full newsRead More
Japan Gold Corp. is pleased to provide a progress report on the BRead full newsRead More