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MORNING VIEW: Broader markets softer, base metals prices mixed while China's rally continues

July 09, 2020 / www.metalbulletin.com

With the exception of China's CSI 300, Asian-Pacific equities and pre-market major western equity futures were weaker this morning, Wednesday July 8, while base metals prices on the London Metal Exchange were little changed and those on the Shanghai Futures Exchange were generally firmer.We wait to see if the halt in the rise in equities is just a pause, or whether focus is turning to the rapid sp...Read More

WEBINAR: Covid-19 resurgence in Beijing unlikely to shake domestic ferro-alloys market

July 09, 2020 / www.metalbulletin.com

The recent resurgence of Covid-19 infections in Beijing is not expected to exert any significant impact on the domestic ferro-alloys market, delegates heard at Fastmarkets' "Covid-19 and Asian ferro-alloys market" webinar on Tuesday June 30. "I think [despite] the [new outbreak of Covid-19 cases] in Beijing, the influence [on the domestic ferro-alloys market] is quite slight, or [we can say there...Read More

WEBINAR: China's rebar consumption recovery 'extraordinary'; bright spots remain for stainless steel- panel

July 09, 2020 / www.metalbulletin.com

The recovery in Chinese steel consumption, especially that for rebar, has been "extraordinary", while the downturn in the automotive sector may not necessarily mean stainless steel demand will decline this year, delegates heard at Fastmarkets' Covid-19 and Asian ferro-alloys markets webinar on Tuesday June 30.In the final poll of the webinar, regarding which downstream sector is most likely to aid...Read More

Silver lining has golden hue

July 08, 2020 / www.mining-journal.com

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Driving more value from your capital projects post COVIDSPONSOREDproudfootIronRidge shows its mettleSPONSOREDironridge resources Despite the reasonable weather I did not go to the pub on Saturday, or indeed even Sunday.  Brownie points d...Read More

Sabina expands drill program at Back River

July 08, 2020 / www.northernminer.com

Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) has returned to work at its Back River gold project in Nunavut, with an expanded 8,500-metre drill program planned at the 8-km-long Goose property.The junior demobilized its exploration camp staff at the project, 520 km northeast of Yellowknife, in March, due to the Covid-19 pandemic, before beginning its planned drill program (at that time a smaller...Read More

Mexican vehicle production continues recovery in June

July 09, 2020 / www.metalbulletin.com

Mexico's automotive production continued to recover in June amid the Covid-19 pandemic, rising by nearly 10 times from May. But it remains about a third lower compared with a year earlier.The country produced 238,946 light vehicles last month, in sharp contrast with the 22,119 units produced in May, but still 29.3% lower than an output of 337,721 units in June 2019, according to data released by i...Read More

Barrick, Japan Gold step up exploration

July 08, 2020 / www.northernminer.com

Barrick Gold (TSX: ABX; NYSE: GOLD) and Japan Gold (TSX-V: JG) have kicked off geophysical-gravity surveys in the Asian country's Hokusatsu Region, as part of a joint effort to uncover the nation's gold mining potential.Under a venture formed in February, known as Barrick Alliance, the companies have completed bulk leach extractable gold (BLEG) and rock chip sampling over eight of the 14 targets l...Read More

ScoZinc plans low-cost, open-pit zinc mine near Halifax

July 08, 2020 / www.northernminer.com

ScoZinc Mining (TSXV: SZM) has released the results of a preliminary feasibility study (PFS) on its wholly owned and permitted Scotia mine project, 62 km northeast of Halifax. The study outlines a 2,700-tonne-per-day open-pit operation, producing zinc and lead concentrates over a 14-year mine life.The proposed operation would produce an average of 35 million lb. zinc and 15 million lb. lead over f...Read More

JV Article: Transforming the global market for scandium

July 09, 2020 / www.northernminer.com

Imperial Mining Group is developing a potential new and reliable source of scandium that could disrupt current markets and expand the industrial uptake of this remarkable metalScandium is classed as a transition metal and rare earth element (REE) and readily alloys with aluminium to produce an alloy that is as strong as steel and titanium but weighs around one-third of steel and is about 40% light...Read More

GoviEx to appeal cancelled uranium license in Zambia

July 08, 2020 / www.northernminer.com

GoviEx Uranium (TSX-V: GXU) says it will appeal Zambia's decision to terminate its Chirundu mining license.The company acquired the permit in 2017 from African Energy Resources, and it includes the Njame and Gwabe deposits. Both assets, GoviEx said, were subsequently included in the preliminary economic assessment (PEA) for the company's Mutanga uranium project.Due to the smaller scale and higher...Read More

Rubicon rebrands as Battle North Gold

July 09, 2020 / www.northernminer.com

Battle North Gold (TSX: BNAU; US-OTC: BNAUF), previously Rubicon Minerals, has released an updated resource estimate for its flagship Bateman gold project, formerly known as Phoenix, which grows the measured and indicated tonnes by 18% with no major changes in grade.The latest estimate features 4.6 million tonnes in the measured and indicated category, grading 6.63 grams gold per tonne, for a tota...Read More

MINING.COM's top 50 mining companies

July 08, 2020 / www.northernminer.com

MINING.COM's ranking of the world's 50 largest mining companies based on market value shows an industry clawing back most of the Covid-19 related losses by the end of the second quarter.The top 50 most valuable mining companies added $249.5 billion in market capitalization over the three months to end June, thanks to surging gold and silver prices, iron ore prices in triple digits, and a late reco...Read More

Video: Nokia presents 'Use Cases for Creating Safer, More Sustainable, Efficient and Productive Mines' at the Canadian Mining Symposium

July 07, 2020 / www.northernminer.com

Nokia Remarks - Use Cases for Creating Safer, More Sustainable, Efficient and Productive MinesMarc Jadoul, Strategic Marketing Director, NokiaRead More

Video: TMX Group's Dean McPherson presents 'A Global Market for Mining Companies' at the Canadian Mining Symposium

July 07, 2020 / www.northernminer.com

TMX Opening RemarksDean McPherson, Head of Business Development, TMX GroupRead More

Video: PearTree presents 'L? o?? finance et philanthropie se rencontrent' at the Canadian Mining Symposium

July 07, 2020 / www.northernminer.com

PearTree Remarks in FrenchAlbert Labelle, Partner/Associ?(C), PearTree FinancialRead More

RT @LizHampton1986: End of an era? Series of U.S. setbacks bodes ill for big oil, gas pipeline projects

July 08, 2020 / reut.rs

A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court.Read full newsRead More

RT @ReutersCommods: U.S. power use to drop by record amount in 2020 due coronavirus: EIA

July 08, 2020 / reut.rs

U.S. electricity consumption will collapse by a record 4.3% in 2020 due to business closures for coronavirus-linked lockdowns, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short Term Energy Outlook (STEO).Read full newsRead More

RT @Calvinballin1: Marine fuel market facing tougher third-quarter as supply rises

July 08, 2020 / reut.rs

Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.Read full newsRead More

First Mining set for huge uplift in value as pre-feasibility work accelerates at Springpole

July 08, 2020 / dlvr.it

First Mining is beginning to make waves on international equity marketsRead full newsRead More

RT @canadacobalt: Silver is a leading indicator for the metals and this recent move is very significant.

July 08, 2020 / ow.ly

History repeats itself with staggering similarity. The Crises of the 3rd Century and today have much in common. All empires have the seeds of their own destruction within them. So if we look back a...Read full newsRead More

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