Anglo-Australian iron ore miner Rio Tinto has lowered its iron ore shipment guidance following infrastructure damage across its Pilbara operations in Western Australia. The miner now expects shipments of 324-334 million tonnes in 2020, down from a previous guidance of 330-343 million tonnes, it said on Monday February 17. "Rio Tinto's iron ore operations in Pilbara, Western Australia, are pro...Read More
Seaborne coking coal prices were steady on Monday February 17 amid a muted market.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.43 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $161.28 per tonne, unchangedHard coking coal, fob DBCT: $127.01 per...Read More
Seaborne iron ore concentrate and pellet demand were dragged down by the reduced appetite for steel products amid the ongoing novel coronavirus (2019-nCoV) outbreak.ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $102.70 per tonne on Friday February 14, up by $3.63 per tonne from oa week earlier.Fastmarkets' daily index for iron ore 65% Fe Br...Read More
China’s race to contain the coronavirus (2019-nCov), combined with its financial stimulus, are providing the markets with more than enough hope, with risk-on being seen across most of the metals and many equity indices, especially in western markets, this morning, Monday February 17. But this apparent confidence is likely to be fragile as there is still much uncertainty surrounding the virus...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.Read More
Demand for rebar in China's domestic market remained weak on Monday due to a lack of manpower in downstream sectors, which continued to put pressure on prices for the long steel product.Eastern China (Shanghai): 3,370-3,400 yuan ($482-487) per tonne, unchanged Northern China (Beijing): 3,370-3,400 yuan per tonne, down 50 yuan per tonneSellers in eastern China kept their offers flat amid weak deman...Read More
China's hot-rolled coil prices were unchanged on Monday February 17 amid thin trading, with tight cash flow making it hard for traders to place orders with mills.DomesticEastern China (Shanghai): 3,460-3,480 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,230 yuan per tonne, unchangedA Shanghai-based trader said he had to stop buying from mills recently due to cash flow issues.Thi...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday February 14. ChinaKey driversFastmarkets' price assessment of antimony, MMTA standard grade II, ddp China, increased in the latest assessment period after some suppliers raised offer prices amid growing buying interest and limited cargoes. Most producers in central China's Lengshuijiang city, a major production hub, were h...Read More
Key data from the pricing session in Asia and Europe for the week ended Friday February 14. Europe Key drivers The prices for both grades jumped due to difficulties obtaining material from China because of transportation restrictions caused by policies to contain the coronavirus (2019-nCov). Some suppliers reported receiving inquiries from customers who normally buy from China, such as...Read More
With the continuing shift to renewable energy sources and lower carbon emissions, global demand for copper is rising. Some analysts predict that demand could increase by as much as 43% over the next 15 years.But there are concerns about the sector, with sizeable deficits forecast as existing mines face reduced capacity and slowing production. For instance, producers in Chile and Peru - the two mai...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 financeSPONSOREDminexiaOf those events, it is only the departure of Glasenberg that is a certainty, but for one of the world's biggest mining and commodity-trading...Read More
Gold prices on Monday held near a two-week high scaled in the previous session a...Read full newsRead More
Gold prices on Monday held near a two-week high scaled in the previous session a...Read full newsRead More
Newrange Gold Corp. (TSXV:NRG, OTC:NRGOF, Frankfurt: 6C) recently completed and interpreted Induced Polarization and Resistivity (IP) survey at the Company's Pamlico Project in Nevada successfully generated several targets worthy of drill testing.Read full newsRead More
1. The decline of the American empire continues relentlessly. The citizens look towards their government for guidance and all they see is maniacal debt worship. Monkey see...monkey do:2. New statistics show that credit card debt of millennials now rivals total student loan debt. 3. Please click here now. The nation's so-called "leaders" now appear to function mainly as debt clock op...Read More
With investors such as Warren Buffett and Charlie Munger starting to make defensive moves and Jim Cramer turning away from fossil fuels, change is in the air. This side of the border, a Canadian interest rate cut may be on the way – a move that will stimulate the TSX and likely boost bank stocks, but may also spook investors. With the possibility of a bear market around the corner, talk is i...Read More
The Kami open-pit iron ore mine is located to the south of Labrador City and Wabush in the province of Newfoundland and Labrador. Credit: Alderon Iron Ore Alderon Iron Ore (TSX: IRON) has entered into a letter of intent with China's Tunghsu Group pursuant to which Tunghsu will acquire a 26% to 38% interest in the Kami Mine Limited Partnership (Kami LP) for consideration of between $15 million to...Read More
When the price of uranium approached US$60 per pound, investors viewed Cameco (TSX:CCO)(NYSE:CCJ) as full of potential. Strong demand for nuclear energy created a quick, cheap, and arguably safe means to meet the growing power needs of countries.Then in 2011, the Fukushima disaster happened, and demand for nuclear power and, by extension, the uranium that Cameco mines, all but disappeared ove...Read More
Nelligan joint venture project 60 km southwest of Chibougamau, Quebec. The project is owned 51% and operated by IAMGOLD, and 49% owned by Vanstar Mining Resources. (Image courtesy of Vanstar Mining Resources).IAMGOLD's (TSE: IMG) total attributable proven and probable reserves decreased by 6% to 16.7 million ounces at the end of 2019 from 17.9 million ounces of gold at the end of 2018. According...Read More
Platosa operations. Credit: Excellon. Excellon Resources (TSE:EXN) has released exploration results from its Evolucion and Platosa properties in Durango, Mexico, reporting high-grade intercepts at both assets.At Platosa, host to an operating underground mine, drilling from surface intersected 6.6 metres of 1,757 g/t silver-equivalent at the NE-1S Manto, nearby existing mine workings. Excellon has...Read More