The price of ferrous scrap in containers imported into India moved down this week with fresh transactions breaking the trade stalemate and confirming the market level, sources told Fastmarkets on Friday June 26.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $274.28 per tonne on Friday, down from $282.25 per tonne on June 19.Market sources reported offer...Read More

Turkish steel mills skipped the last working day of the week with no deep-sea bookings, but still expect to buy more cargoes for August shipment, sources told Fastmarkets on Friday June 26.The country's steelmakers have booked only two deep-sea cargoes so far this week, totalling 67,500 tonnes. A steel mill in the Iskenderun region booked a 27,500-tonne US cargo, comprising HMS 1&2 (80:20) at $26...Read More

Seaborne iron ore prices were stable on Friday June 26 due to China's absence from the market during the Dragon Boat Festival holidays, with no visible trading activity seen on platforms or in spot market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $103.34 per tonne, unchanged. 62% Fe low-alumina fines, cfr Qingdao: $106.49 per tonne, unchanged. 58% Fe fines high-grade premium, cfr Qing...Read More

China's public holiday for the Dragon Boat Festival kept the seaborne coking coal market muted for a second day on Friday June 26.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.79 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $122.83 per tonne, unchangedHard coking coal, fob DBCT: $89.57 per tonne, unchangedHard coking coal, cfr Jingtang: $101.01 per tonne, unchangedA bi...Read More

Markets were mainly firmer this morning, Friday June 26, with the base metals up across the board and most Asian-Pacific equities indices showing gains, while gold prices were consolidating - all of which suggesting a slight risk-on sentiment.Pre-market major European equity index futures were up by around 0.7%, following gains in the United States on Thursday.Global trade dropped by 12.1% in Apri...Read More

Seaborne premium hard coking coal prices were unchanged on Thursday June 25 amid an absence of Chinese market participants due to a public holiday in China to mark the Dragon Boat Festival.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.79 per tonne, unchanged. Premium hard coking coal, cfr Jingtang: $122.83 per tonne, unchanged.Hard coking coal, fob DBCT: $89.57 per tonne, unchangedHa...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt alloy...Read More

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt...Read More

Canadian regulators have given Endeavour Mining (TSX: EDV) the go-ahead for the acquisition of smaller rival Semafo (TSX: SMF), which would create West Africa's top gold producer.The Minister of Innovation, Science and Industry, said Endeavour, determined there was no need for a national security review of the $1 billion (US$732 million) deal, announced in March this year.Both companies' boards an...Read More

Chile's Codelco, the world's No. 1 copper producer, has closed its Chuquicamata smelter and refinery to prevent a further spread of Covid-19 among its staff, following the death of a third worker this week.The move makes Chuquicamata the first major copper asset to close due to the sharp spike of coronavirus cases in Chile in the last two weeks.The news came on the heels of the country's environme...Read More

GoldMining (TSX: GOLD; US-OTC: GLDLF) has created a wholly owned royalty company - Gold Royalty - with a portfolio of 14 newly created royalties on GoldMining's gold assets in the Americas.The royalties include 2% net smelter return (NSR) royalties on two gold projects, a 1% NSR on 11 assets and a 0.5% NSR on one project. Eleven of the 14 NSRs are on resource and development-stage projects, with a...Read More

MINING.com executive editor Frik Els interviews Jeffrey M. Christian, Managing Partner at CPM Group, at the 2020 Canadian Mining Symposium on Zoom.Read More

Prices for bulk cargoes of steel scrap imported to South Korea fell sharply in the week to Friday June 26 amid a decline in Japanese offer prices, sources told Fastmarkets.High prices for Japanese cargoes had forced Korean mills to procure scrap from Russia and the United States in recent weeks. One mill purchased 32,000 tonnes of HMS 1 scrap from the US West Coast on June 12 for $282 per tonne cf...Read More

Import prices for containerized ferrous scrap in Taiwan softened this week with buyers slowing down their purchases ahead of the Dragon Boat Festival on Thursday and Friday, which reduced the number of working days.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $245 per tonne on Friday June 26, unchanged f...Read More

Import prices for ferrous scrap in Vietnam trended downward during the week to Friday June 26 despite steady demand among buyers.A transaction involving a bulk cargo of Japanese H2 scrap was heard to have been concluded at $265 per tonne cfr southern Vietnam on Tuesday, but by the end of the week, another 5,000 tonnes of the same grade of steelmaking raw material changed hands at $253 per tonne cf...Read More

Pure Gold, Canada's Next Gold Mine, This YearSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHowever, a lack of trust in miners in certain jurisdictions means doing things differently.Read More

Oil and gas producers are trying to reopen after a 'devastating' halt, but pessimism about an economic recovery is widespreadRead full newsRead More

BEIRUT, LEBANON (12:30 A.M.) - The Libyan National Army (LNA), led by Field Marshal Khalifa Haftar, has begun the process of securing and protecting theRead full newsRead More

Four of the 11 charges brought against Codelco are serious, potentially leading to fines of up to $15 million.Read full newsRead More

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