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 company produced 451,963 tonnes of copper and 253,520t of zinc, in line with guidance of 450,000-455,000t of copper and 250,000-270,000t...Read More
Prices in Southeast Asia's steel billet market were stable on Thursday January 23 amid a bearish outlook for the ferrous scrap market and the absence of market participants in China ahead of the Lunar New Year holiday. Fastmarkets' daily price assessment for steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp grade billet sold into Manila, was $442-443 per tonne on Januar...Read More
The digitalization of global trade received another push this week, with the International Chamber of Commerce (ICC), the government of Singapore and industry participants signing an agreement to facilitate and accelerate the adoption of technologies in commerce at the World Economic Forum in Davos, Switzerland. "Digital platforms will lower existing barriers to international trade in the coming y...Read More
The three-month aluminium price on the London Metal Exchange dipped below nearby support levels during morning trading on Thursday January 23 on a rewarranting of 68,875 tonnes, while copper's price struggles continued. Aluminium's outright price on the LME was recently at $1,797 per tonne, 0.7% below Wednesday's closing price of $1,811 per tonne and sinking below the key threshold. Turnover in a...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Index futures responded to concerns about spread of a corona virus in China. The Shanghai Composite Index plunged 84.23 to 2,976.53.Index futures were virtually unchanged following release of the Weekly Jobless Claims report at 8:30 AM EST. Consensus was an increase to 212,000 from 204,0...Read More
China's rebar market remained quiet on Thursday January 23 with most participants already on holiday for the Chinese New Year, though the emergence of a mysterious respiratory virus in the country has resulted in a bearish outlook for prices after the break.DomesticEastern China (Shanghai): 3,640-3,670 yuan ($527-531) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchan...Read More
Pre-Lunar New Year re-stocking abated in the week to Thursday January 23 with all Shanghai Futures Exchange base metals' deliverable stocks, bar lead, subject to increases while the growing Coronavirus outbreak pressures demand for material. Analysts expect demand to continue to wane throughout January while restrictions put on travel in an effort to contain the virus, which has killed 17 people a...Read More
China's hot-rolled coil market remained quiet on Thursday January 23 with most participants already on vacation for the Chinese New Year, though many of them are concerned about prices falling due to the outbreak of a mysterious respiratory virus in the country.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($559-562) per tonne, unchangedNorthern China (Tangshan): 3,590 yuan per tonne, unchang...Read More
China's stainless steel prices were flat over the past week amid thin trading ahead of the January 24-30 Lunar New Year holiday in the country. The largely rangebound nickel price on the London Metal Exchange also contributed to the stability of the stainless steel market, market participants told Fastmarkets. The three-month nickel contract on the exchange ended Wednesday's trading session at $13...Read More
Base metals prices on the Shanghai Futures Exchange were all down at the close of morning trading on Thursday January 23, the final trading day before Lunar New Year holidays kick off in China.The broad weakness comes amid a pick-up in concerns about the economic impact of a disease outbreak in China as authorities step up their efforts to contain the virus.All public transport in and out of the C...Read More
Eurasian Resources Group (ERG) is in the process of placing its Chambishi refinery in Zambia on care and maintenance, the company confirmed to Fastmarkets. "We have taken the difficult decision to suspend operations at Chambishi Metals due to the shortage of both copper and cobalt concentrate feedstock material. It was not possible to locate appropriate feedstock in Zambia. We are in the process o...Read More
Samancor Chrome plans to reduce annual chrome ore and ferro-chrome production by 29% and 20% respectively due to poor market conditions, it said on Thursday January 23. South Africa's largest ferro-chrome producer provided the update days after confirming proposals to restructure and retrench staff at its mining and smelting operations. It had also warned in December that production cuts were...Read More
Copper scrap buyers in the United States are concerned that an increase in US exports to China could pressure discounts in the second half of 2020, leading to a "relatively flat discount" throughout the year.China has renamed copper scrap with a content range of 94-99.9% and that meets certain impurity thresholds, to copper renewable materials.The classification change from the world's l...Read More
A study of environmental, social and governance (ESG) practice in the mining sector that examined the top-50 listed mining companies by market capitalization and the world's 20 largest institutional investors says much more work needs to be done to put ESG front and centre in the industry."Despite the compelling business case for ESG, and its acceptance as a critical issue by essentially all minin...Read More
Centerra Gold (TSX: CG) has received approvals and permits to restart open-pit mining at its Kumtor operation in the Kyrgyz Republic.The Kyrgyz state agency has approved Centerra's 2020 mine development plan, which includes a revised waste dumping plan and safety measures that involve waste placement in the Central Valley and Sarytor waste rock dumps.Open-pit mining is ramping up with full product...Read More
The latest exploration results from Teranga Gold's (TSX: TGZ) Golden Hill project located within the Hounde greenstone belt in Burkina Faso indicate a new discovery at the Ma Jonction prospect and have returned high-grade, near-surface gold intercepts.Drill highlights from Ma Jonction, located between the previously-defined Ma Main and Ma North zones, include 8 metres of 6.4 grams gold per tonne s...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 financeSPONSOREDminexiaTwo leading sector experts interviewed for our cover feature declared the EV space to be moving "much faster" than anticipated, with manufact...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 financeSPONSOREDminexiaViews of global economic activity are in transition after all major economic regions and country groupings appear to have experienced slower...Read More
"2020 Edition: Track emerging trends and changes in #investor attitudes with the Mining Journal's Annual Global Finance Report. Discover more - https://t.co/OEqYsrup3ISponsored by @SRKConsulting , @Veragold & @minexia_uk #aspermont #mining #miningjournal #finance"Read full newsRead More
"CORRECTED (OFFICIAL)-Russia's Potanin buys partner's stake in copper and gold mine near China https://t.co/0iHCE43O1G"Read full newsRead More