The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind the operation engage in talks to find a way to improve the government's financial benefits from an ongoing underground expansion.Based on a definitive estimate for the development of the new mine level, announced by Rio Tinto (LSE: RIO; NYSE: RIO; ASX: RIO) last m...Read More
Twelve miners trapped in an underground mine still alive, but fate of ten others unclear.Read full newsRead More
BMO believes copper prices are running out of steam, but Jefferies disagreesRead full newsRead More
Rover Metals Corp. is pleased to announce that it is meeting allRead full newsRead More
TSXV:NRG ) Newrange Gold Corp. is pleased to provide the followinRead full newsRead More
Blue Star Gold Corp. is pleased to announce that Mr. Darren LindsRead full newsRead More
Joe Biden is set to be inaugurated tomorrow. What does this mean for investors?Well, for one thing, more stimulus. Additionally, interest rates are expected to stay at all-time lows for some time. All the debt that has fueled the stimulus packages of this past year will need to be paid back. Furthermore, expectations of additional extreme levels of stimulus on the horizon make the case that low in...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 19.Please click...Read More
The London Metal Exchange and its clearing house are revisiting a proposal to transition to a different way of calculating its clearing methodology. The exchange announced its discussion paper on the topic on Tuesday January 19. The last attempt was made in 2017 and was rejected by LME members because it would make the provision of credit lines expensive and result in the rapid withdrawal of...Read More
Bob Moriarty ArchivesJan 19, 2021Sterling Metals used to be Latin American Minerals with an interesting gold project with excellent numbers in Paraguay. After LAT spent millions of dollars advancing the project in the landlocked South American country, the locals decided they should get the benefit, not Latin American. So in September of 2018the company pretty much gave away the project. Actually...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJan 19, 2021 Should precious metals investors diversify into other market sectors, like stocks, bonds, and real estate? There’s no simple answer to this question, but generally speaking, an investor who is patient and buys the major support zones for gold will tend to do well with ot...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 19.Please click...Read More
An overview of the chrome ore and alloy markets on Tuesday January 19 and their latest price moves.China The upward momentum in Chinese domestic spot ferro-chrome prices continued after many smelters in Inner Mongolia downsized their operations, pushing the market to a two-and-half-year high.In response to supply tightness, the imported charge chrome market also soared, with buyers scrambling...Read More
In London, the FTSE 100 closed slightly lower and market futures were mixed.Metals and mining stocks gained in Toronto, where rising investor interest in battery mineral equities continues.Graphite One Inc (TSXV: GPH) jumped 42.3% as it announced the US government had designated its Graphite Creek flake project in Alaska a high-priority infrastructure project.The company is advancing towards...Read More
Chilean copper producer Codelco's board of directors has approved a $1.24 billion investment in the expansion of its El Teniente facility just south of the capital, Santiago, the state-owned copper producer said on Tuesday January 19.Those capital expenditures represent the total budget estimated for the Diamante and Andesita projects, and will be spent together with another $1.93 billion, already...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announced today that on January 15, 2021 it received notice that the Company's Graphite Creek Project has been designated a High?EUR?Priority Infrastructure Project (HPIP) by the U.S. Government's Federal Permitting Improvement Steering Committee (FPISC). The approval is the culmination of a pro...Read More
The company was previously planning to start full construction of Winu in the June quarter of 2021 for first production in 2023, but warned in October that a review of heritage disturbance inRead More
The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect. The proposals, laid out in a new discussion paper on future market structure, also include potential changes to the exchange's margin methodology and the introduction of potential additional disclosures and policie...Read More