Iron ore futures rose on Monday August 31 due to a surge in steel prices over the weekend, but the physical market for the steelmaking raw material was largely stable.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $124.47 per tonne, up $0.10 per tonne62% Fe low-alumina fines, cfr Qingdao: $124.21 per tonne, up $0.05 per tonne58% Fe fines high-grade premium, cfr Qingdao: $109.94 per tonne,...Read More
Aurelius Minerals (TSXV: AUL) has released assay results for three holes completed within the Aureus West portion of its wholly owned 16.8-sq.-km Aureus gold project in Nova Scotia, 150 km from Halifax. These assays are from previously unsampled and unassayed core, which was extracted back in 2010 by a past project operator.The drill highlights include 22 metres of 2.31 grams gold per tonne from 8...Read More
Seaborne coking coal prices were relatively steady across the board on Monday August 31, though China's domestic coke market might strengthen soon amid tight supply.Fastmarkets indicesPremium hard coking coal, fob DBCT: $105.59 per tonne, down $0.31 per tonne Premium hard coking coal, cfr Jingtang: $114.83 per tonne, up $0.12 per tonneHard coking coal, fob DBCT: $85.93 per tonne, up $0.66 per tonn...Read More
Ecuador's Constitutional Court has struck down a request for a referendum on mining activities at INV Metal's (TSX: INV) Loma Larga underground mine project in Azuay province's Cuenca canton, the company reports.The referendum request, submitted on Aug. 3 by the prefect of Azuay, was the third referendum request for the project, all of which have been rejected by the country's top court."We have b...Read More
China imported nearly 7.37 million tonnes of coking coal in July, an increase of 17.8% from the previous month, Chinese customs data showed.The increase in coking coal imports is in line with China's steel output in July, which hit a record high.But China's coking coal imports for July were 4.9% lower than the 7.75 million tonnes brought...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsIt was Tsingshan Steel which stirred nickel 12 months ago with a big buying order that reportedly took 78,000 tonnes of nickel off the London Metal...Read More
AngloGold Ashanti (NYSE: AU) and partner Barrick Gold (TSX: ABX; NYSE: GOLD) are selling their 80% stake in Mali's Morila gold mine amid political uncertainty in the country following a recent coup, the second in less than 10 years.Australian miner Mali Lithium (ASX: MLL) will pay between US$22 million and US$27 million for the joint company that holds the two miners' stakes in the mine. The remai...Read More
Prices for seaborne iron ore pellets softened in the week ended Friday August 28 on reduced demand but those for concentrate edged up.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $131.87 per tonne, up $1.87 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $138.17 per tonne, down $1.10 per tonne.Key driversFew mills bought seaborne pellets last week, which kept inventory levels a...Read More
China's hot-rolled coil prices rose on Monday August 31, which led a major mill in northern China to raise its export offer by $10 per tonne.DomesticEastern China (Shanghai): 4,040-4,050 yuan ($589-590) yuan per tonne, up 30-50 yuan per tonneSellers in Shanghai raised their prices amid surging futures, although several sources in the city said trading activity was merely moderate in the spot marke...Read More
China's domestic rebar prices moved up on Monday August 31 on stronger demand among stockists and a strengthening of the billet market.Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($535-540) per tonne, up by 30 yuan per tonneRebar demand is expected to rise in the next two months when consumption typically experiences a seasonal peak amid milder weather.The absence of any major calamities s...Read More
A revival of spot trading activity amid an improving auto industry and a drop in cheap imports sent US silicon prices close to 2020's year-to-date high.The rising price of secondary aluminium alloys, the main end market for the 5-5-3 grade silicon metal Fastmarkets prices in the United States, also drew the raw material up in its wake. Fastmarkets assessed the price for silicon, ddp US, at 94-97 c...Read More
Key data from the Friday August 28 pricing session in Shanghai.Key drivers Exporters raised their offers following gains in the domestic market; domestic prices are said to be around 10,300-10,400 yuan ($1,499-1,514) per tonne, compared with around 10,200-10,300 yuan...Read More
Spot cobalt hydroxide payables consolidated last week amid a slowdown in trading activity, with buyers and sellers both unwilling to compromise in order to secure deals. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, held at 76.5-77% of the price for cobalt standard grade (low-end) on Friday August 28. The raw materials price has been unchanged for three consecutive pricin...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Concern grows over proposal to open three mines along Nova Scotia's longest single waterway that supports both endangered species and ecosystemsRead full newsRead More
AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold Mine in Mali, the miners said on Monday, as political crisis grips the West African nation after soldiers seized power in a coup.Read full newsRead More
Berkshire recently revealed an investment in a gold mining company while it trimmed some bank investments. Does this signal a change in Warren Buffett's investment philosophy? Don't count on it.Read full newsRead More
Catch up and get informed with this week's content highlights from Charlotte McLeod, our editorial director.Read full newsRead More
Gold79 Mines Ltd. is pleased to announce executive management chaRead full newsRead More
Renforth Resources Inc. (CSE:RFR) (OTC PINK:RFHRF) (WKN:A2H9TN) (Read full newsRead More