The Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) have signed a memorandum of understanding (MOU) with the Brazilian Mining Association (IBRAM) that seeks to increase investment in the Brazilian mining sector over the coming years.The signing of the MOU, which coincided with the Prospectors and Developers Association of Canada convention, is expected to open up opportunities for exp...Read More

Developer Wallbridge Mining (TSX: WM) has announced plans to acquire explorer Balmoral Resources (TSX: BAR) in an all-share deal worth $110 million, consolidating the Fenelon gold property, within the Abitibi greenstone belt, to 86 square kilometres."The combination of our two companies creates an entity with a solid balance sheet; a diverse yet focused project portfolio; a motivated management g...Read More

Alrosa, the world's top diamond miner by volume, is betting on a new strategy to boost its sales amid an industry-wide slowdown that has hit small companies the hardest.The Russian state-owned company is now selling naturally occurring fluorescent diamonds mixed with others. At the same time, it's holding talks with global jewellery retailers about jointly marketing its "Luminous Diamonds" brand,...Read More

A day after its shares started trading on the TSX Venture Exchange, Canada Nickel Company (TSXV: CNC) released a maiden resource estimate for the wholly-owned Crawford nickel-cobalt sulphide project near Timmins, Ontario.The resource features 600.4 million tonnes in the measured and indicated category grading 0.25% nickel and 0.013% cobalt for a total of 1.53 million tonnes nickel and 78,000 tonne...Read More

Rockcliff Metals (CSE: RCLF) has released resource updates for the Tower and Talbot volcanogenic massive sulphide (VMS) deposits within the Flin Flon-Snow Lake greenstone belt in Manitoba.At its wholly-owned Tower property, indicated resources are now at 1 million tonnes grading 5.74% copper-equivalent for a total of 129.8 million lb. copper-equivalent, with additional inferred resources of 367,00...Read More

AJN Resources (TSXV: AJN) has dropped plans to acquire 10% of the Kibali gold mine in the Democratic Republic of Congo from state-owned Soci?(C)t?(C) Mini??re de Kilo-Moto (SOKIMO), after facing stern opposition from Barrick Gold (TSX: ABX; NYSE: GOLD), the mine's operator.Barrick and AngloGold Ashanti, which each own 45% of Kibali, said SOKIMO had not consulted nor informed them about the transac...Read More

(IDEX Online) - The supply of rough diamonds must flow freely again when the world emerges from the coronavirus pandemic, says De Beers boss Bruce Cleaver.In an impassioned open letter, the CEO argues his company has a global, even more than a corporate, responsibility to its workers and customers not to halt production."The continuity of our (mining) operations is central to our people, the local...Read More

Aim-listed diversified miner Vast Resources has commented on articles published in the Zimbabwean press during the last week of April, around the Chiadzwa community concession block joint venture, for which Vast is awaiting finalisation of a mining agreement.The company wishes to mine the Chiadzwa diamond fields, in Zimbabwe, through its subsidiary Katanga Mining, in joint venture with Zimbabwe Co...Read More

Copper stocks at Shanghai bonded warehouses fell in April amid an increase in import activity due to expectations of a cut to China's VAT rate in May and the opening of the arbitrage window between Shanghai and London.Fastmarkets assessed Shanghai bonded copper stocks at 291,000-301,000 tonnes on Thursday April 30, down by 12.7% from 334,000-344,000 tonnes on March 23. "The rumor of a VAT cut enti...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa has restarted operations at its Lulo diamdond mine, in Angola.Operations at Lulo were reduced in early April to only essential services after a State of Emergency was declared in Angola in order to contain the spread of the Covid-19 pandemic.AdvertisementOn April 24, a new Presidential Decree amended certain restrictions, allowing essential ind...Read More

The European Commission's (EC) antitrust authorities granted Europe's largest copper smelter Aurubis unconditional approval for the ?,?380 million ($417 million) acquisition of Belgian-Spanish recycler Metallo Group, the company said on Monday May 4.The transaction will formally close on May 29, with Metallo's consolidation into Aurubis taking place on June 1. The investment firm TowerBrook Capita...Read More

Christine Keener has been appointed Alcoa's vice president of operations for Europe and North America, in a new role combining the two operating locations, Fastmarkets understands. The consolidation, effective from Friday May 1, will streamline the management of operating Alcoa's assets and ensuring alignment among common markets, the company said. Keener replaces Jean Francois Cyr and...Read More

The three-month copper price on the London Metal Exchange was lower during morning trading on Monday May 4, with price action losing some 0.8% against low turnover, while the LME tin price also lost ground over the morning. Copper's outright price on the LME was recently seen at $5,065 per tonne, down from Friday's closing price of $5,110 per tonne, while turnover was low over the morning with jus...Read More

Mining and metalworking in Peru will gradually resume in May after a government order on Sunday May 3 targeted key industries for restarts."Exploitation, processing, storage, transportation and closure of mines in the strata of large-scale mining," will be part of an initial phase of business returning to some type of normality, the government said...Read More

Last week's weaker tone in the metals has flowed through into morning trading on Monday May 4, with the three-month base metals on the London Metal Exchange down by an average of 0.6%, led by a 0.9% fall in copper to $5,061 per tonne. With Japan and China closed trading volumes are thin.Market participants likely to focus on European purchasing manager's index (PMI) data and US factory orders. Bas...Read More

Steel mills in the United States appear to be holding firm on hot-rolled coil prices after a round of price increases last week, but it remains to be seen if buyers are picking up tons at those levels. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $24.83 per hundredweight ($496.60 per short ton) on Monday May 4, up by 4.9% from $23.67 per cwt on Friday May 1 and 7.8...Read More

Flat-rolled steel import prices were mostly stable week on week in South America on Friday May 1, after deals became scarce and negotiations for June-shipment cargoes finished with low interest from clients. Demand for flat steel has continued to drop in the region due to factory closures and weaker end-user consumption stemming from the Covid-19 pandemic. Sellers were already focusing on talks fo...Read More

Turkey exported 305,658 tonnes of flat steel products in March 2020, according to the Turkish Statistical Institute (TUIK).This volume was down by 46.34% year-on-year from the 569,364 tonnes exported in March 2019, the institute said.This meant that the country's total exports of flat steel products for the first three months of the year came to 1,185,141 tonnes.This volume was down by 30.85% from...Read More

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here.Community projects range from delivering critical supplies, to providing counselling and support services to help frontline response workers and the communities. Rio Tin...Read More

Turkey imported 467,201 tonnes of flat steel in March 2020, up by 1.33% from 461,048 tonnes in the corresponding month of 2019, according to the Turkish Statistical Institute (TUIK).The country's total flat steel imports in January-March 2020 totaled 1,821,147 tonnes, an increase of 24.73% from the 1,460,106 tonnes imported in the corresponding period of 2019, TUIK said.Demand for flat steel in th...Read More