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Covid-19 outbreak at gold mine in Siberia 'threatens antimony exports'

May 20, 2020 / www.metalbulletin.com

A string of Covid-19 cases among staff at Polyus PJSC, Russia's largest gold mine and main antimony ore supplier, could threaten exports of concentrates from the country, sources have said.The Olimpiada mine in the Krasnoyarsk Krai region of Siberia has reported that there have been 866 people infected with Covid-19 to date.Gold operations at Olimpiada were continuing as normal, according to Russi...Read More

European ferro-chrome prices rise on reported deals

May 20, 2020 / www.metalbulletin.com

European high- and low-carbon ferro-chrome prices increased last week, with industry sources reporting around 900 tonnes of done deals for high-carbon material and about half that for more refined-grade material.The high-carbon ferro-chrome price spread narrowed to $0.12 per lb after deals were reported that raised the lower end of the assessment. Deals for around 900 tonnes were reported and...Read More

Tianqi Lithiumto sell stake to raise cash

May 19, 2020 / www.northernminer.com

Tianqi Lithium, China's top producer of the battery metal, says its controlling investor has put a sixth of its holding up for sale.The move, the Shenzhen-listed lithium miner said on May 18, seeks to raise much-needed cash to pay back debt the company racked up in an ambitious expansion overseas during the past two years.Chengdu Tianqi Industry Group, which holds a 36.04% stake in Tianqi Lithium,...Read More

The Northern Miner Podcast - episode 187: How COVID-19 is impacting the uranium market, ft. Cameco

May 19, 2020 / www.northernminer.com

This episode features the Q&A portion of Cameco's Q1 conference call that took place on May 1, 2020. Cameco president and CEO Tim Gitzel and vice-president and chief financial officer Grant Isaac discuss the impact of the coronavirus on uranium prices, as well as the difficulty the company has in obtaining an accurate uranium spot price, M&A and its ongoing tax dispute with the Canadian Revenue Ag...Read More

Newmont restarts mines as restrictions ease

May 19, 2020 / www.northernminer.com

With restrictions on mining due to the coronavirus pandemic starting to ease, Newmont (TSX: NGT; NYSE: NEM) is back on track with all but one of its mines - Musselwhite in northern Ontario - slated to resume full operations in the coming weeks.Five of the gold miner's operations had been suspended because of coronavirus restrictions - four in March, including Yanacocha in Peru, Cerro Negro in Arge...Read More

INTERVIEW: JSPL's Sharma on managing a steel business during India's Covid-19 lockdown

May 20, 2020 / www.metalbulletin.com

Indian steelmakers have exported huge volumes of steel during the Covid-19 crisis, and sales closed by major producer Jindal Steel & Power (JSPL) have been at the very heart of this trend. In an exclusive interview, VR Sharma, JSPL's managing director, tells Fastmarkets how this feat was made possible and his expectations for the coming months.JSPL switched its attentions toward exporting steel at...Read More

The manganese revival

May 18, 2020 / www.mining-journal.com

Seven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesAnd then there's the problem of the world's best manganese coming from mines in the Kalahari manganese b...Read More

7 A-Rated Gold Stocks to Buy For Your Portfolio Hedge

May 19, 2020 / dlvr.it

Stocks were on a tear in April, almost clawing back everything they lost in March.Much of that rally has been pinned on the hopes that lockdowns would be over and the coronavirus would be sorted in short order.But the more we hear from medical experts and more fundamentally, from the rising numbers ofRead full newsRead More

@aleksfx If you want to talk about a long term test line for gold, here's the 1869 Super long term trend line that...

April 25, 2020 / twitter.com

"@aleksfx If you want to talk about a long term test line for gold,here's the 1869 Super long term trend line that connects the 1980 & 2011 high.It's the final long term resistance line.A YEARLY close above the LINE is required, but once it happens, a dramatic move to 10k will occur."Read full newsRead More

.@AmexExploration Reports Widest Interval to Date

May 19, 2020 / bit.ly

Amex Exploration Inc. is very pleased to report multiple drill reRead full newsRead More

.@japangoldcorp and Barrick Alliance Commences Large Regional Program

May 19, 2020 / bit.ly

Japan Gold announced on February 24, 2020 the formation of a Country-wide Alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan, covering the entire country, including 28 out of 30 projects currently held by the Company.Read full newsRead More

Gold continues its upward journey on bleak economic outlook

May 20, 2020

News of more tensions between US and China and a potentially new trade war sent waves through international markets at the beginning of the week. The two world leaders are currently locked in a battle of trying to pinpoint the origin of the coronavirus that shut down whole countries, disrupted supply chains and brought to halt entire sectors, causing an economic slowdown similar to the one during...Read More

Here's Why Gold and Cannabis Stocks Are a Powerful Combo

May 20, 2020 / www.fool.ca

They’re vastly different on the face of it — two areas of the TSX that traditionally appeal to very different investment types. But today we will be exploring whether 2020 is the year for buying into both gold and cannabis. How well do these two investment themes complement each other? Are there better names to buy and hold than others? And what is it about these industries that makes...Read More

CHART: Mining's covid-19 capital spending cuts top $6bn

May 20, 2020 / www.mining.com

| Photo: DR Travel Photo and Video/Shutterstock Mining operations in Mexico, Ecuador, Peru, Bolivia and parts of Canada are slowing ramping back up in May after countries, in compliance with government-mandated covid-19 containment measures, halted operations worldwide in March. The fallout of the coronavirus outbreak has forced global miners to cut their 2020 capital expenditure by about $6.4 b...Read More

Brazil court revokes decree that halted Vale operations

May 20, 2020 / www.mining.com

Mineral tailings mud after dam rupture in Brumadinho, Minas Gerais, Brazil. (Adobe Stock) A Minas Gerais state court in Brazil has revoked a decree from Brumadinho municipality that suspended Vale's operating license after health agents said that the company's onsite activities have "not respected the rules of social isolation."Brumadinho's mayor Avimar de Melo Barcelos had also ordered the suspe...Read More

Mr. Dines: The Best Way to Buy Gold and Silver

May 16, 2020 / www.outsiderclub.com

Publisher's Note: Today we're bringing you an excerpt from The Dines Letter.Mr. James Dines has been an unparalleled source of research and analysis for decades and it's never been a better time to hear from "The Original Gold Bug" as the price of bullion and stocks soars.Read on to learn from Mr. Dines about the best way to buy gold and silver, along with trends that are coming into play during...Read More

Rio Tinto's Kennecott starts drilling at Frisco

May 20, 2020 / www.mining.com

Cactus Breccia Pipes (Image from Alderan) Rio Tinto's (NYSE: RIO ASX: RIO) subsidiary Kennecott has kicked off an initial four-hole 2,000m drill program at Alderan Resources' Frisco copper/gold/silver project in Utah. Kennecott will spend an initial $6 million on exploration at the project area to gain a 55% interest in the project, it said. Rio Tinto's subsidiary will earn 70% of the project by...Read More

US uranium output shrinks 89% in 2019

May 20, 2020 / www.mining.com

Crow Butte operation in northeast Nebraska. Image courtesy of Cameco. US domestic production of uranium concentrate plunged 89% to 174,000 pounds of U3O8 (triuranium octoxide) last year, according to the latest annual report published by the US Energy Information Administration (EIA). This also represents a steep decline compared to the 4.89 million pounds the US produced five years earlier.The p...Read More

Fresh study calls for moratorium on deep-sea mining

May 20, 2020 / www.mining.com

Image from archives. A coalition of non-profit organizations is pushing for an international moratorium on deep-sea mining following a fresh report that warns of potential irreversible damage to Pacific island states including Kiribati, the Cook Islands, Nauru, Tonga, Papua New Guinea and Tuvalu."Accumulated scientific evidence indicates that the impacts of nodule mining in the Pacific Ocean woul...Read More

Namibia: Orano Gives Erongo Desalinated Water

May 19, 2020 / allafrica.com

ORANO Mining Namibia has donated 200 million litres of desalinated water to local authorities in the coastal area.The value of the once-off donation is about N$6 million, Orano spokesperson Christine de Klerk said last week.The donation is in support of the government's efforts to cushion the economic impact of the Covid-19 outbreak.The water will be distributed through NamWater from the Erongo De...Read More

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