Renforth Resources Inc. (CSE:RFR) is pleased to announce that a total of $777,700 has been raised to fund 2020 drilling.Read full newsRead More
The start of 2020 is giving investors an indication of what might be the top-performing sectors for the year.Gold, in particular, is coming back on the radar and increasingly finding its way into the business headlines. Let’s take a look at one stock that might be an interesting addition for a TFSA pension portfolio right now.Barrick Gold Barrick Gold (TSX:ABX)(NYSE:GOLD) trades at $24 per s...Read More
For the past decade, stocks have generally gone up.We haven't had many major pullbacks or a proper bear market.But some cracks are starting to show.Global growth has been stagnant for a while, and now the U.S. economy is losing steam, too.Unfortunately, there aren't many places for investors to hide.That's because the Fed's way of dealing with these issues has been to keep interest rates at a rock...Read More
Gold futures jumped after reports of rocket attacks on a US military base in Iraq, hitting fresh six year highs.Gold for delivery in February touched $1,613.30 an ounce, up $39 an ounce from the settlement price at the end of regular trading on Tuesday.History suggests that gains driven by geopolitical tensions alone may be short-lived, Macquarie Group strategists including Marcus Garvey said in a...Read More
Image from BHP The world's biggest miner, BHP (LON: BHP) is looking to India's fast- growing economy and its accelerating steelmaking output as a way to help offset the declining Chinese coal demand in the new decade, the Syndey Morning Herald reported. China's consumption of iron ore and coal - key steelmaking ingredients and Australia's two top exports - led to a windfall in 2019 for...Read More
Credit: G2 Goldfields Explorer G2 Goldfields has released the results of four holes completed 400 metres west of the W3 discovery at its Sandy Lake project, located 225 km north of Red Lake, Ontario.Drill highlights include:7.54 metres of 1.13 g/t gold;3.31 metres of 1.84 g/t gold; and60.48 metres of 0.83 g/t gold.These four holes were drilled to follow up on W3 results released in September, whi...Read More
Li-Cycle's first commercial shipment of recycled battery materials. Credit: Li-Cycle Li-Cycle Corp. has reported its first shipment of commercially recycled battery material from its facility in Ontario. The shipment, made in December, contained key energy metals used in lithium-ion batteries, such as cobalt, nickel and lithium, in a concentrate. Li-Cycle says it is one of the few companies globa...Read More
Sandvik is preparing to deliver its renewed electric loader, the Sandvik LH625iE, for field testing to the Kiruna mine in northern Sweden. The unit to be tested is the 600th electric loader from Sandvik and is custom-designed for the Kiruna mine.The giant underground loader, which features a 9.5 cu. metre bucket and a 25,000 kg payload capacity, is designed to operate in the world's largest underg...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 7.Click on...Read More
The three-month zinc price on the London Metal Exchange climbed by 1.3% by the close of trading on Tuesday January 7, topping gains in the complex amid moderately low turnover across the board, while the aluminium price shed 1% of over the afternoon. Zinc's outright price on the LME closed at $2,346 per tonne this afternoon, its highest closing price since November 18, 2019. Despite low turnover o...Read More
Former London Metal Exchange chief executive Garry Jones has been appointed chief executive officer of technology provider Perfect Channel, effective January 1, the company said. Jones, who joined Perfect Channel as a director in September 2019, will now seek to deliver a strategic business plan to work with a variety of partners across multiple asset classes, focusing on financial institutions, c...Read More
Mkhwanazi joined the South32 board in July shortly after the company was formed.He had been a director of BHP Billiton, serving as chairman of BHP Billiton South Africa and president and chief operating officer of South Africa Aluminium.Prior to his executive roles at BHP Billiton, Mkhwanazi served as CEO of Bateman Africa and the National Energy Regulator.He previously held senior positions at th...Read More
NRW CEO and managing director Jules Pemberton said the BGC pick-up had boosted NRW's operational delivery capabilities in the Pilbara by adding skilled personnel with the capabilities and experience to safely and efficiently deliver the project's large bridges and concrete structures.Under the contract's scope BGC will lay about 65km of rail, including earthworks, roadworks, drainage works an...Read More
"We successfully completed two historic transactions in 2019, which have transformed Newmont into a truly international organisation with an unmatched portfolio of assets and prospects in top-tier jurisdictions around the world. As this company has done many times in the past, Newmont has demonstrated its ability to adapt to change, which is truly a hallmark of our success over the last 100 years....Read More
Fastmarkets has relaunched its ores and alloys cuts counter to track widespread production cutbacks amid the current low prices.A number of ores and alloys prices were at multi-year lows due to oversupply.Chrome ore and ferro-chrome prices were particularly subdued, prompting a series of production cuts while producers also dealt with rising costs.Fastmarkets' price assessment for ferro-chrome, 50...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ), a pioneer in military robotics, services, and innovation in the auto industry, announced today that it has won three significant contracts with the Israel Electric Company (IEC). "We are delighted to have been selected as the winner of these three important contracts," stated Mr. Bentsur Joseph, CEO of A2Z Technolog...Read More
By: Ira EpsteinGold's move to 7-year highs, what to look for next: resistances and supports:Read More
Focus will now shift to US December private ADP job numbers tomorrow and Friday's US December nonfarm payrolls. Both these numbers should come it at or over 160,000 for gold and silver to see selling pressure. Use sharp dips to invest for Easter in both gold and silver. Trade pact with China and Brexit has already been factored by the markets. Trump has started 2020 with a fragile Middle east an...Read More
The Turkish deep-sea scrap import markets were relatively quiet on the second day of the working week, with the mills still in negotiations for February cargoes, sources said on Tuesday January 7.The steel producers in the country had been silent in the deep-sea markets over the past two weeks because of the year-end holiday periods. They resumed their purchases at the end of last week with four c...Read More
Japan is expected to divert more of its ferrous scrap export supply to Vietnam and Bangladesh in 2020 due to weaker demand from neighbor South Korea, market sources in Japan told Fastmarkets."South Korean demand for ferrous scrap is expected to fall further in 2020 compared with 2019, and Japanese scrapyards will have to target new markets to send their materials," a Japanese trader told Fastmarke...Read More