Xiamen Xiangyu Group and Jiangsu Delong Nickel Industry Co's Indonesian stainless steel joint venture last week began hot tests on production facilities with the capacity to produce grade-304 stainless steel billet at a rate of 600,000 tonnes per year. The company, which is officially known as PT Obsidian Stainless Steel,...Read More
Miner and commodities trader Glencore (LSE: GLEN) has signed a five-year deal to supply South Korean battery manufacturer Samsung SDI with up to 21,000 tonnes of cobalt amid an expected boom in demand for the metal.The agreement will see the Swiss firm send the equivalent of 45% of its 2019 cobalt production, or about 63% of its expected total output for 2020, to Samsung.Glencore produced 46,300 t...Read More
The S&P/TSX Composite Index rose 1.95% to 17,655.50. The S&P/TSX Global Mining Index fell 0.67%% to 78.49 and the S&P/TSX Global Base Metals Index rose 3.35% to 98.30. Spot gold fell US$18.50 per oz. or 1.17% to finish at US$1,570.00 per oz., and the S&P/TSX Global Gold Index lost 3.37% to finish at 257.62.Aura Minerals surged $20.34 to $46.85 per share on media reports that it is planning on a du...Read More
The S&P/TSX Venture Composite Index fell 0.18% to 574.16 and gold finished the week at US$1,570.00 per oz., down US$18.50 per ounce.Revival Gold jumped 27 ? to 88 ? after the junior released an updated resource for its Beartrack-Arnett project in Idaho, with substantial growth in the inferred resource category. The latest estimate features updated numbers for the Beartrack portion as well as an in...Read More
The Dow Jones Industrial Average rose 3.0% to 29,102.51 and the S&P 500 advanced 3.17% to 3,327.71. Spot gold fell US$18.50 per oz. to finish the trading week at US$1,570.00 per oz.Arch Coal rose US$4.16 to US$55.69 per share. The company reported a net loss of US$8.6 million or US57 ? per diluted share in the fourth quarter of 2019, compared with net income of US$86.1 million or $4.44 per diluted...Read More
Copper production in Chile, the world's No. 1 producer of the metal, dropped by 44,000 tonnes, or almost 0.8%, last year compared to 2018, amid a perfect storm of falling ore grades at the largest deposits, water scarcity and operational issues.The country's copper commission Cochilco said Codelco, the state-owned giant, was the miner most affected by ageing mines, as its production declined by 5....Read More
Uncertainty over the coronavirus outbreak - which has sickened 43,103 people in 25 countries and left 1,018 people dead (all but two of them in mainland China) - has economists and analysts trying to calculate the economic impact of the disease on commodities, trade and supply chains and global economic growth.UBS economists expect the current coronavirus outbreak, which originated at a market in...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe same questions were asked here last November when it was pointed out that while Barrick had performed well since it merged with Randgold...Read More
Zinc prices lurched on Monday to their lowest since July 2016 after a surge in i...Read full newsRead More
"Which market has facilitated most #IPOs in the past 12 months?Find out the answers to questions like this in the Global Finance Report 2020 - https://t.co/OEqYsrup3ISponsored by @SRKConsulting, @Veragold & @minexia_uk#aspermont #mining #miningjournal #finance #stockexchange"Read full newsRead More
Bullion has many advantages for long-term investors, experts say. But for those who want to bet on the current rally, gold-mining stocks may be preferable.Read full newsRead More
Bullion has many advantages for long-term investors, experts say. But for those who want to bet on the current rally, gold-mining stocks may be preferable.Read full newsRead More
Feb 07, 2020 (HTF Market Intelligence via COMTEX) -- Advance Market Analytics released a new market study on Global Gold Mining Market with 100+ market data...Read full newsRead More
Vanstar Mining Resources has appointed Freeform Communications Inc. as Investor Relations in Western Canada as well as their Online Marketing services. Freeform Communications Inc. is a Vancouver based Investor Relations and Online Marketing Firm. With over ninety years of combined experience, specializing in a full range of investor relations and capital market services, Freeform hasRead full new...Read More
Maxtech Ventures Inc. (CSE:MVT, OTC:MTEHF, Frankfurt:M1N) reports continued drill program preparations on its Panama Lake Gold Project.Read full newsRead More
Zinc prices lurched on Monday to their lowest since July 2016 after a surge in i...Read full newsRead More
To view the only virus more concerning than Corona, please click here now. The global government debt virus!In America, the government's debt to GDP ratio is now three times the level it was when Ronald Reagan got elected. Simply put, Donald Trump doesn't have the wiggle room that "Jellybean Ron" did... to ramp up debt, produce GDP growth with that debt, and then claim all the growth came fro...Read More
A bear market is coming – and it’s going to be a nasty one. We know this because the bull run we’re still riding out has broken the record for longevity and investors now have much farther to fall than last time. But what we don’t know is when the bear will awaken. However, whatever goes up must come down, as the saying goes.So how should Canadian investors get ready for a...Read More
Camp at the Bornite project, one of the two most advanced of Upper Kobuk Mineral Projects. (Image courtesy of Trilogy Metals.) Trilogy Metals NYSE: TMQ) and South32 Limited (ASX, LSE, JSE: S32) completed on Wednesday the formation of a 50/50 joint venture to create a new company: Ambler Metals. The new partnership structure comes as the Australian major exercised an option acquired in 2017...Read More
Tesla stock has more than doubled so far this year...And I honestly couldn't care less.I know a bubble when I see one.This is what they look like...Very, very few things can justify that kind of a climb when it comes to stocks. You typically only see it with small companies that acquire a savvy patent or make a major medical breakthrough. You don't generally see it with companies that are already...Read More