You know the video promotions we send out? The ones that sell our premium research letters? Of course you do. They always cite the biggest gains possible for whatever sector is being discussed. All publishers do it. But some do it differently than others.Take technology promos, for example. They tell you it'll be like getting into Microsoft when Bill Gates still ran it out of his garage. Or i...Read More
Uinta software uses Credit: Juniper. Juniper Systems, a US-based manufacturer of field computer hardware, has introduced the Uinta mapping and data collection software.Uinta's data collection capabilities include detailed mapping with points, lines, areas, as well as form-based notes for digital recordkeeping. Uinta also allows organizations to customize the software based on their specific data...Read More
Sokkia equipment. Image from Brandt. The Brandt Group has announced that it has reached an agreement to acquire assets of Ontario-based Sokkia Canada from Topcon Positioning.Following this acquisition, which affects the Ontario and Quebec markets, Brandt will become the exclusive dealer of Sokkia survey equipment, accessories and parts for all of Canada."The Sokkia brand has a long, prou...Read More
(Warning: Video contains profanity)Credit: Portogente videosThe Brazilian Navy is monitoring the location of the ore carrier Stella Banner that sunk Friday off the coast of Maranh??o. On Friday morning, salvors sent the $110 million ship to the bottom off the coast, just four years after its construction. The ship ran aground approximately 100km from coast of S??o Lu?-s on February 24, 2020 as i...Read More
Tsingshan's nickel pig iron (NPI) plant in Indonesia. Image from Nickel Mines Ltd. In its latest report, Fitch Solutions revised down most of its 2020 mining production as well as metals production and consumption forecasts and said it will keep adjusting estimates in line with the evolution of the situation and of government and company announcements.Prior to the pandemic, Fitch expected nickel...Read More
Here are five Fastmarkets stories you might have missed on Monday June 15 that are worth another look.Jaguar-Land Rover will cut up to 1,100 employees in the UK, while posting a pre-tax loss amid the coronavirus pandemic, it announced on June 15 in its financial results.Latin American steelmakers were operating at 42% capacity in April after at least seven blast furnaces were halted to balance sup...Read More
Aluminium producer Hydro has reported a 42% drop in sales from its Extruded Solutions business unit and a 21% drop in rolled product sales for April-May, due to the impact of Covid-19 restrictions.The Norwegian company announced that its sales from its Extruded Solutions business unit were down 42% in April and May of this year, compared with the same months in 2019, due to weaker market demand fo...Read More
Jack ChanPosted Jun 15, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation is at levels of previous tops.Speculation is dropping.Our ratio is on SELL signal.GLD has resistance at 170.$HU...Read More
Base metals price on the London Metal Exchange were lower during morning trading on Monday June 15, pressured lower by weaker-than-expected industrial data out of China, while a fresh inflow of 16,175 tonnes was an added headwind for copper futures prices. Weighing on prices across the complex was economic data out of China released this morning , which showed industrial production year on year fo...Read More
Here are five Fastmarkets stories you might have missed on Monday June 15 that are worth another look.Jaguar-Land Rover will cut up to 1,100 employees in the UK, while posting a pre-tax loss amid the coronavirus pandemic, it announced on June 15 in its financial results.Latin American steelmakers were operating at 42% capacity in April after at least seven blast furnaces were halted to balance sup...Read More
The fundraising comprises a $3.2 million placement to undisclosed investors and a $2.7 million entitlement offer, with new shares being priced at 6c each. El Zorro gold mineralisation has been classified as intrusive related and representing a "district scale gold system".To date gold mineralisation has been proven over 1.5km of strike.The next drilling campaign is set to comprise 4,000-5,000...Read More
Implats said increased economic uncertainty caused by the COVID-19 pandemic had prompted the board to re-evaluate its corporate strategy.The development is unexpected after Implats committed to spent R55 million (US$3.2 million) on exploration and had said the campaign was making "positive progress".Impats said it would continue to fund the programme to completion by August.The company said i...Read More
The latest data for the global manganese ore market for the week ended June 15, 2020.Read More
Vancouver, BC - Ovation Science Inc. (CSE: OVAT) ("Ovation" or the "Company") is pleased to announce it has signed a revised agreement for additional rights for its DermSafe hand sanitizer (the "License Renewal Agreement") under the terms of the original License Agreement with Skinvisible Pharmaceuticals, Inc., previously announced February 13, 2020. The License Renewal Agreement provides Ovati...Read More
The company said the A$130 million increase was supported by members of the its existing $400 million revolving credit facility, which matures on July 1, 2023.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the session ending Friday June 12China Seaborne manganese ore prices continued to fall after miners lowered their offers over the session in response to sluggish buying interest. Portside ore traders slashed their offer prices to secure business amid bearish sentiment and thin buying interest. Alloy futures prices rose at...Read More
- Dave Kranzler, Mining Stock Journal"No one ever loses equity in a bankruptcy case," U.S. Bankruptcy Judge David Jones said during a status conference in the J.C. Penney case last month. "Equity gets lost long before the case is filed."Hertz filed Chapter 11 under the U.S. Bankruptcy Code after the market closed on May 22nd. The filing was well telegraphed. The next day the stock took a cliff...Read More
Statistics South Africa said the data, released late last week, showed the COVID-19 pandemic and lockdown regulations had "an extensive impact on economic activity".The department said PGM production fell 62% compared with a year earlier, iron ore fell 68.7%, gold 59.6% and manganese ore by 57.6%.It said seasonally adjusted mining production decreased by 34.1% in April compared with March 2020.Col...Read More
The UG2 chrome ore price retreated for the first time since March 20 due to reduced buying interest in contrast to the consistent liquidity over the past few weeks. Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China fell to $169 per tonne on Friday June 12, from $170 per tonne a week earlier, putting an end to a five-week uptrend. The market was described as quie...Read More