Seaborne coking coal prices across the board remained flat on Tuesday August 25, while India was actively purchasing seaborne premium mid-volatility hard coking coal and Chinese market participants were looking forward to October, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.41 per tonne, up $0.32 per tonne Premium hard coking coal, cfr Jingtang: $114.64 per tonne, up $...Read More
Export offers for Chinese hot-rolled coil have risen by $5 per tonne on Tuesday August 25 compared with a week earlier on a stable domestic market, though thin trading has raised doubts among sources about whether the increases would stick.DomesticEastern China (Shanghai): 4,040-4,060 yuan ($584-587) yuan per tonne, unchangedDomestic prices were stable during the day but trading activity further w...Read More
ELKO, Nev., Aug. 25, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that the Geological Society of Nevada (GSN) 2020 Symposium has published a paper on its Keystone Project, located on the Cortez Trend in Nevada.Ken Coleman, U.S. Gold Corp.'s Project Geologist; Thomas Chapin, Senior Consulting Geologist and G...Read More
China's domestic rebar prices stopped rising on Tuesday August 25 amid lower trading activity due to weaker futures.Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($526-530) per tonne, unchangedBuyers cut their procurement rates amid losses in the futures market, which kept sellers from raising prices further.Several traders reported that their sales volumes had dropped by 40-50% from Monday'...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade, in-whs...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More
The rally in gold, which surged to a record high nearly two weeks ago, is beginning to lose steam with hopes for a coronavirus treatment and signs of improving economies undercutting the metal's appeal as a safe haven.Spot gold fell 0.6% to US$1,916.61 per oz. by 11:50 a.m. EDT on Aug. 25, while gold futures for December delivery declined 0.9% to $1,921.80 per oz. on the Comex in New York.At marke...Read More
The results of Trevali Mining's (TSX: TV; US-OTC: TREVF) prefeasibility study of an expansion of the Rosh Pinah zinc-lead-silver underground mine in Namibia to 1.3 million tonnes per year, up from 700,000 tonnes per year currently, shows the potential for increased production at lower operating costs starting in 2023.The proposed 11-year mine would produce an average of 132 million lb. payable zin...Read More
After completing a sale or investor solicitation process (SISP) under the Companies' Creditors Arrangement Act (CCAA), Nemaska Lithium has ultimately accepted a sale proposal, structured as a credit bid, from Orion Mine Finance (its largest secured creditor), Investissement Quebec and the Pallinghurst Group.As part of the bid, Nemaska would be reorganized into a new entity that would hold specific...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsSome part of South Africa's mining sector may be in the twilight years, but the country remains reliant on the minerals sector for t...Read More
This week's episode examines the fallout from Rio Tinto's blast scandal that destroyed two ancient caves of high archeological significance in Australia. The show presents the beginning of Rio Tinto's Q2 earnings call, where chief executive Jean-S?(C)bastien Jacques offers sympathy to the Puutu Kunti Kurrama and Pinikura (PKKP) people. Then we take a look at the transcript of Australia's parliamen...Read More
Vale (NYSE: VALE) has begun producing high-grade iron ore fines for pelletizing at its new 3-million-tonne-a-year grinding hub at China's Shulanghu Ore Transfer Terminal.The unit, a partnership with Ningbo Zhoushan Port Group, is generating a new product, known as GF88. The high-grade ground iron ore fine uses the company's flagship Caraj??s Fines as raw material and will partially feed growing de...Read More
ALX Resources (TSXV: AL) has entered into an option agreement with Rio Tinto (NYSE: RIO; LSE: RIO) on its Falcon nickel project in northern Saskatchewan.Under the deal, Rio Tinto may acquire up to an 80% interest in the project by spending $12 million on exploration over six years and by making cash payments to ALX totalling $125,000.Due to a naming conflict with another Rio Tinto mineral explorat...Read More
The Dow Jones Industrial Average fell 0.003% to finish the week at 27,930.33 and the S&P 500 rose 0.72% to 3,397.16. Spot gold climbed US$2.40 per oz., or 0.12%, to US$1,942.40 per ounce.Kirkland Lake Gold advanced 5.97% to US$70.08 per share. The company announced a strategic alliance agreement between the company and its wholly-owned indirectly held subsidiary St. Andrew Goldfields and Newmont C...Read More
The U.S. energy industry on Tuesday was preparing for a major hurricane strike, cutting crude production at a rate approaching the level of 2005's Hurricane Katrina and halting oil refining at plants along the Texas-Louisiana coast.Read full newsRead More
Gold mining can demolish Amazon rainforest in just a few days. New research finds that the impacted forest does not recover even 3-4 years after a mine is abandoned.Read full newsRead More
Gold mining can demolish Amazon rainforest in just a few days. New research finds that the impacted forest does not recover even 3-4 years after a mine is abandoned.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Comet Resources (ASX:CRL) is pleased to announce that it has executed a Share Purchase and Joint Venture Agreement with the shareholders of El Alamo Resources Limited for the 100% acquisition of the Santa Teresa Gold Project.Read full newsRead More
Noble Mineral Exploration Inc. (Read full newsRead More