Despite edging down on Thursday January 14, seaborne coking coal prices are now gaining strength across the board after a bumpy few days in the fob market, sources told Fastmarkets. Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.89 per tonne, down $0.49 per tonnePremium hard coking coal, cfr Jingtang: $208.57 per tonne, down $0.38 per tonneHard coking coal, fob DBCT: $9...Read More

The base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mixed this morning, Thursday January 14, with prices generally holding up in high ground but some weakness is showing up on the charts in the likes of zinc. But reports that US President-elect Joe Biden is considering a fiscal relief package that could be as large as $2 trillion may well underpin further gains i...Read More

China's stainless steel prices continued to rise over the week ended Wednesday January 13 amid a positive outlook for end-user demand and a recovery of the nickel market. Nickel prices rose this week after Philippine President Rodrigo Duterte ordered the closure of mining operations on Tumbagaan Island in Languyan, in the province of Tawi-Tawi. The three-month nickel contract on the London Metal E...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 17.55-18.10 on Thursday...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb at 17.65-18.20 on Thursday...Read More

Key data from Fastmarkets' pricing session in London on Wednesday January 13.Key drivers Antimony prices increased sharply for both grades, continuing an uptrend, with some consumers securing cargoes of big volumes - in some cases one hundred tonnes or more - in expectation of further increases and more intense raw material tightness in China and shipping...Read More

The cobalt intermediates spot payable has surged to 90% on the high end - a fresh historical high - this week against the backdrop of tight supply and healthy demand. Fastmarkets' assessment for the cobalt hydroxide payable indicator, min 30% Co, cif China rose to 88-90% against the standard-grade cobalt metal price (low end) on Wednesday January 13, up by 2% from 86-88.5% on January 8. The l...Read More

South Africa's chrome and manganese producers are facing competition with each other to secure trucking capacity amid Covid-19-related logistical disruptions and an impending rail shutdown, sources told Fastmarkets on Thursday January 14.Severe congestion at South Africa's Lebombo land border crossing in the past two weeks has led to delayed deliveries of chrome ore to the port of Maputo in Mozamb...Read More

Shipments of metals, ores and alloys from South Africa in the week to Thursday January 14 were still subject to delays and logistical disruptions caused by Covid-19-related restrictions.Chrome deliveries to the port of Maputo in Mozambique have been severely disrupted over the past two weeks amid queues as long as 25km at Lebombo, a major land border crossing. And the cobalt intermediates payable...Read More

O3 Mining (TSXV: OIII; US-OTC: OIIIF) is selling its Golden Bear assets including the Garrison gold project to Moneta Porcupine Mines (TSX: ME; US-OTC: MPUCF) and taking a 30% stake in the company in a deal worth about $48 million.O3 Mining's Garrison project is adjacent to Moneta's Golden Highway project and the transaction will see the consolidation of over 70,000 hectares of ground within a 10...Read More

For the first time in its 89-year history, The Prospectors & Developers Association of Canada's (PDAC) Convention - the world's premier mineral exploration and mining industry event - will go virtual this year on March 8-11."We are committed to providing a first-class experience to participants-wherever they are in the world," says Felix Lee, PDAC's president. "We are excited to provide the high-q...Read More

Last year, gold major Barrick (TSX: ABX; NYSE: GOLD) met the midpoint of its gold and copper output targets. The miner generated a total of 4.8 million oz. of gold and 457 million lb. of copper in 2020, which falls in line with its prior forecasts for 4.6 to 5 million oz. of gold and 440 to 500 million lb. of copper.In the fourth quarter, the company's mines churned out a total of 1.2 million gold...Read More

Copper Fox Metals (TSXV: CUU; US-OTC: CPFXF) announced results from a preliminary economic assessment for its Van Dyke copper project in Miami, Arizona.The PEA results included a mine life of 17 years, with total copper production of 1.1 billion pounds - up from 456.9 million lb. forecast in a 2015 PEA - with peak production of 85 million lb. annually in years 2-12, and initial capital expenditu...Read More

Buoyed by the ramp-up of its Lucky Friday mine in Idaho, following a nearly three-year strike by unionized workers at the operation, Hecla Mining (NYSE: HL) produced 13.5 million oz. of silver in 2020 - the highest since 2016.The strike, which lasted from March 2017 to January 2020, limited production at the operation. Following a ramp-up period, full production at the underground mine was achieve...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has inked a power deal with New Zealand's Meridian Energy, which will allow the miner to keep its aluminium smelter at the bottom of the South Island running until December 2024.The world's second-largest mining company said in July that it would close this year New Zealand's Aluminium Smelter (NZAS), the country's single-largest power user, due to high co...Read More

AIM-listed miner cashes in on high gold pricesRead full newsRead More

Metals explorer to float in London with ambitious plans to build a mine in Cornwall.Read full newsRead More

Gold investors critical of lavish executive payouts plan to vote down compensation at upcoming annual shareholder meetings, as soaring prices for the precious metal spur dealmaking.Read full newsRead More

Gold investors critical of lavish executive payouts plan to vote down compensation at upcoming annual shareholder meetings, as soaring prices for the precious metal spur dealmaking.Read full newsRead More

Shelved (but not forgotten) is its interest in copper. Instead, the group is concentrating on gold and silver exploration and production in the aptly named Mineral County, Nevada.Read full newsRead More