eMetals Limited (ASX:EMT) (eMetals or Company) are pleased to announce the Company has completed the acquisition and settlement of the Poona project.Read full newsRead More
Amex Exploration Inc. is pleased to announce that it has closed tRead full newsRead More
If you lost your job because of the COVID-19, you’ve probably applied for the Canada Emergency Response Benefit (CERB). This aid will you $2,000 for a four-week period ($500 per week). Initially, you could claim the CERB for up to a maximum of four periods (16 weeks total) between March 15 and October 3. Prime Minister Justin Trudeau said Tuesday that the benefit will be extended by eight we...Read More
Image from Pixabay. Global investors and corporates are divided in their perception of sources of future environmental, social and governance (ESG) risks, according to a joint conducted by CRU and Fitch Ratings. The 2020 Metals and Mining Survey obtained responses from more than 100 corporate issuers and investors active in the sector across diverse geographies and activities. Corporates point to...Read More
Credit: Gold Springs Resource Corp. Gold Springs Resource (TSX: GRC) has added more than 100,000 gold-equivalent (AuEq) ounces to the resource estimate for its project located along the Nevada-Utah border, the company announced Friday.In an updated NI 43-101 resource estimate, the Vancouver-based gold miner has increased the Gold Springs project's measured and indicated resources to 729,000 oz Au...Read More
Drills on site at Tanzanian Gold's Buckreef gold project in Tanzania. Credit: Tanzanian Gold Tanzanian Gold Corp. (TSX: TNX) has reached commercial production at the oxide ore processing plant at its Buckreef project, located immediately to the south of Lake Victoria in north-central Tanzania.Since April 6, when the company had its first bucket at the oxide open pit, oxide ore has been stockpiled...Read More
The Federal Reserve, guided only by its own decree, made a surprise announcement yesterday that it will be diving into direct corporate bond purchases, including junk bonds.We knew this was a possibility, and the Fed has already bought up about $5.5 billion of ETFs that track bonds, but this is a different beast.This is part of a $250 billion program, the Secondary Market Corporate Credit Facility...Read More
Image courtesy of PT Vale Indonesia. Brazilian mining giant Vale (NYSE:VALE) announced on Friday that its Canadian subsidiary Vale Canada Limited (VCL) has reached an agreement to sell a 20% stake in the nickel producer PT Vale Indonesia to state-controlled PT Indonesia Asahan (Inalum).The sale is valued at $290 million, for the sale, and Sumitomo is also participating.After the closing of the tr...Read More
Camflo mill. (Image courtesy of Monarch Gold). Monarch Gold (TSX: MQR) announced that it will be undertaking a vast, detailed compilation and 3D modelling program on its Camflo property in Quebec, Canada.Camflo is known for being Barrick Gold's original asset. The property, located 15 kilometres northwest of Val-d'Or and 6 kilometres northeast of Malartic, includes the old Camflo mine and fully...Read More
Brazilian miner Vale and Japan-based Sumitomo Metal Mining Co have agreed to sell 20% of their joint stake in nickel producer PT Vale Indonesia to state-owned Inalum, a necessary step to renew its operating license past 2025, Vale said on Friday June 19.Vale will sell 14.9% of its shares in the Indonesian company, owned through the subsidiary Vale Canada Ltd, and Sumitomo will divest its 5.1% stak...Read More
The Attorney General of Switzerland has begun criminal investigations into Glencore's business practices in the Democratic Republic of the Congo (DRC), the company said on Friday June 19.Baar, Switzerland-headquartered Glencore said it had been informed today that the investigation had commenced due to "failure to have the organizational measures in place to prevent alleged corruption," it said."G...Read More
German diecaster DGH Group has begun insolvency proceedings, sources close to the matter told Fastmarkets on Friday June 19.Fastmarkets understands that the insolvency action pertains to three group companies - DGH Heidenau, DGH Hof and DGH ZIT - with appointed insolvency administrator Franz-Ludwig Danko currently considering potential restructuring options.The company, headquartered in Donha, Ger...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The Attorney General of Switzerland has begun criminal investigations into Glencore's business practices in the Democratic Republic of the Congo (DRC), the company said on Friday June 19.Baar, Switzerland-headquartered Glencore said it had been informed today that the investigation had commenced due to "failure to have the organizational measures in place to prevent alleged corruption," it said."G...Read More
Adam HamiltonArchivesJun 19, 2020 Gold's powerful post-stock-panic upleg hasn't enjoyed buying support from the gold-futures speculators. These influential traders often drive and even dominate major gold-price trends. But they've been subtly selling into gold's sharp recent rally. Their dogged skepticism is actually very bullish for gold in coming months. Gold-futures speculators are amassing big...Read More
Under revised terms, Osisko has immediately advanced US$2.5 million of the remaining deposit for the metals stream, with a further $7.5 million to follow over the next 12-18 months based on achieving milestones.In exchange for the accelerated payment schedule, Osisko has reduced the total deposit payable from $40 million to $35 million.The stream percentage will remain 18.5% of gold output capped...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday June 19. China The UG2 chrome ore trading activity dipped during the week, with participants waiting for the release of July ferro-chrome tender prices to gauge market direction,...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday June 19. China Seaborne manganese ore prices continued to slide amid weakening sentiment. Portside ore prices climbed in response to mounting buying appetite from alloy smelters at the start of the session,...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort277,39553,04746,087110,922368,942434,404468,076Change from Prior Reporting Period 13,423-2,312-55780715,37013,67312,501Traders20263735256285165 Small Speculators LongShortOpen Interest 55,15921,487489,563 2291,40113,902 non reportable positionsChange from the previous reporting p...Read More