Aperam chief financial officer (CFO) Sandeep Jalan has resigned, the stainless steel producer said on Wednesday February 5.Jalan, who is set to depart at the start of May, is leaving Aperam to pursue other career opportunities outside the steel and mining industry, the...Read More
Exports of ferrous scrap from Japan rose 3.4% in the full year of 2019, according to data from the Japanese Iron and Steel Recycling Institute (JISRI), amid lower local demand and higher interest from developing Asian markets.Overall scrap export volumes rose to 7.66 million tonnes over the 12 months of 2019, compared with 7.4 million tonnes in 2018.Falling electric arc furnace (EAF) output - down...Read More
South Korean steelmaker Hyundai Steel has introduced a new procurement policy for bidding on Japanese ferrous scrap with cost and freight (cfr) included, a company spokesman said on Tuesday February 4.Hyundai is to launch tenders in six regions across Japan, with prices to be negotiated on a cfr South Korea basis instead of the previous fob Japan basis.Fastmarkets understands the tenders will be l...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has updated the resource estimate for its massive Kamoa-Kakula project in the Democratic Republic of Congo (DRC).Kamoa-Kakula - among the world's largest copper deposits - contains 1.4 billion indicated tonnes grading 2.74% copper for 83.7 billion lb. copper and another 339 million inferred tonnes grading 1.68% copper for 12.5 billion lb. copper at a 1% cut-...Read More
The Canadian Mining Hall of Fame welcomed four extraordinary individuals during the thirty-second annual induction ceremony in January at the Metro Toronto Convention Centre. Industry giants Jerry Asp, Alex Balogh, Hans Lundberg and Eberhard Scherkus were celebrated for their exemplary careers and key contributions to the mining industry.Master of ceremonies Anthony Vaccaro, group publisher of The...Read More
Shares in lithium producers soared on Tuesday with the sector getting caught up in the investor enthusiasm for electric vehicle pioneer Tesla.Tesla's stock value has doubled since December, and the company is now worth more than Detroit's big three automakers - GM, Ford and Fiat Chrysler - combined. Only Toyota surpasses Tesla's market cap of US$161 billion reached on Tuesday.Shares in US-based Li...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 financeSPONSOREDminexiaWell it's done. For better or for worse, we have cut the ties, severed the apron strings, waved a fond farewell and ventured out into the dar...Read More
BHP's (NYSE: BHP; LON: BHP) Escondida copper mine in Chile, the world's largest, will stop drawing fresh water from the Atacama salt flat, using instead desalinated water brought from its coastal plants.The miner's decision comes as the country is stepping up protections for a natural resource that has been depleted after decades of mining activity in and around the Atacama desert, the driest plac...Read More
Fundraising for mining and metals investment slowed dramatically in 2019, falling to an eight-year low, according to a new report by private capital tracker Preqin.Only four unlisted funds closed last year, raising a combined US$300 million for investing in the mining sector. That's down from US$2.5 billion in 2018 and nowhere near the peak of 2012, when eight funds procured a combined US$4.2 bill...Read More
BEIJING - China's copper smelters will reduce output by more than 15% in February from last month due to the coronavirus outbreak, research house Antaike said, warning zinc production c...Read full newsRead More
Tesla's stock doubles year-to-dateRead full newsRead More
Burkina Faso's gold production probably fell slightly last year due partly ...Read full newsRead More
"$MXL - MaxLinear, Inc. (MXL) CEO Dr. Kishore Seendripu on Q4 2019 Results - Earnings Call Transcript. https://t.co/xaXqn9x0r4 #stockmarket #finance #investing"Read full newsRead More
"@killerwild I'll be looking at it,but not ready to comment.1589 is very close.Feb will make a new high above Jan & i think WATCHING very closely what it does right after that will be important. Keep in mind that the resistance is 1588-1630 so not out of woods yet but potential is there"Read full newsRead More
Adamera Minerals (TSXV:ADZ, OTC:DDNFF) Begins 2020 with Renewed OptimismRead full newsRead More
Starcore International Mines announces start of surface exploration drilling program of 3000m on the Santa Elena target in Quer?(C)taro MexicoRead full newsRead More
"VIDEO - Charlotte's Pick: Gold Unfazed by Fed, Pharma Companies Tackle Coronavirus.Take a look at the content highlights selected by our editorial director. If you missed a story this week, click https://t.co/0Uzv3JYvTu to catch up. #resource #tech #cannabis #lifescience"Read full newsRead More
BEIJING - China's copper smelters will reduce output by more than 15% in February from last month due to the coronavirus outbreak, research house Antaike said, warning zinc production c...Read full newsRead More
Gold stocks can play an important role in investors’ portfolios, especially as we quickly approach the peak in our economic cycle.The economy has been booming for over a decade, apart from a slight technical recession in the middle of the decade brought on by the collapse in the price of oil.Other than the few quarters of negative growth in the middle of the decade, the Canadian economy has...Read More
Gold has long been a safe haven for investors in times of volatility – which is why the price of gold has soared to multi-year highs. The S&P/TSX Global Gold Index is up 39.23% over the past year and has outperformed the market during the recent volatility caused by the coronavirus.Last week, the S&P/TSX Composite Index lost 1.41% of its value amid virus fears, whereas the Gold Index...Read More