Ontario's government is supporting business expansion in Kenora by working with the city to help attract new businesses and create more jobs for the region.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced the City of Kenora is receiving $45,000 to undertake a study that will pinpoint the city's economic strengths and key resources. This will help Kenora identify,...Read More
Ontario's government is supporting tourism in Northern Ontario by investing in the Mount Evergreen Ski area in Kenora.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of $22,500 for the facility to hire a consultant to develop a sustainable, four-season destination business plan. Currently, Mount Evergreen operates four months of the year. This proj...Read More
Glencore has signed a six-year deal to supply cobalt hydroxide to South Korea-based electric vehicle (EV) battery maker SK Innovation, the Swiss miner-trader announced on Wednesday December 4.SK Innovation will purchase up to 30,000 tonnes of cobalt contained in hydroxide between 2020 and 2025. "This newly established partnership demonstrates the continuation of Glencore's cobalt hydroxide marketi...Read More
Compa??ia de Minas Buenaventura S.A.A. (NYSE: BVN; Lima Stock Exchange: BUE.LM) is Peru's largest, publicly traded, precious metals company and a major holder of mining rights in Peru. Buenaventura currently operates several mines in Peru: Tambomayo, Orcopampa, Uchucchacua, Julcani - all wholly owned, as well as joint ventures: El Brocal, La Zanja and Coimolache. Buenaventura owns 43.65% of Minera...Read More
Yesterday, after the Senate confirmed him as the next energy secretary, Dan Brouillette said that Trump told him to figure out a way to boost coal.So basically, the president has instructed someone in his administration to intervene in energy markets - once again - to try to breathe life into something that is no longer economically relevant.The flood of natural gas and rapid integration of renewa...Read More
We learned from Ted Ellwood, President and CEO of Peloton Minerals Corporation (CSE: PMC, OTCQB: PMCFF), that they have made the decision to focus purely on the exploration part of the mine life cycle and to look for properties that have potential to interest a major mining company. Peloton holds three gold exploration projects, located in Elko County, Nevada, one of which is under option to Kinro...Read More
We've come to that special time of year again.. Energy and Capital editor Keith Kohl digs into the OPEC+ meeting that is set to take place tomorrow and questions whether the choice to cut or pump oil has already been made.For most, the month of December conjures images of stockings, trees, and presents.I think of OPEC.Around this time every year, its members get together and coordinate with one an...Read More
As 2019 draws to a close, Fastmarkets examines the underlying factors driving the spread between US hot-rolled coil and steel reinforcing bar prices throughout the year.Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US averaged $33.12 per hundredweight at the midpoint in January-November, while the steel hot-rolled coil index, fob mill US averaged $29.77 per cwt, creatin...Read More
Here is what's new today on INK Ultra Money. All Canadian Insider users have access to free videos and audio, while Canadian Insider Club Ultra members have access to premium videos from Real Vision and INK Research.1. Are software multiples set for a soft landing? - INK Research (free audio and Ultra member video)Bond yields rose on Monday despite poor US economic data. If bond yields have bot...Read More
European steelmakers have announced price rises for coil products across the region in the past week, and transaction prices have moved up in the south, sources told Fastmarkets on Wednesday December 4.Northern European buyers have not settled deals at higher prices yet, because they have been processing the new offer levels. But domestic prices in the region were expected to pick up soon, accordi...Read More
Demand for flat steel products in Turkey was strong in November because of purchases for re-stocking, market participants told Fastmarkets on Wednesday, December 4.Local producers have now filled their order books until late February, sources added, and have started to accept orders for early-March production.Local demand was weak in Turkey in October because of decreasing prices, but improved in...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday December 4 that are worth another look.French special steelmaker Ascoval, part of the British Steel group, is to supply 140,000 tonnes per year of semi-finished products, rectangular blooms, to rail manufacturing specialist BSFR (British Steel France Rail) to be processed into rails for the SNCF R?(C)seau national train networ...Read More
As 2019 draws to a close, Fastmarkets examines the underlying factors driving the spread between US hot-rolled coil and steel reinforcing bar prices throughout the year.Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US averaged $33.12 per hundredweight at the midpoint in January-November, while the steel hot-rolled coil index, fob mill US averaged $29.77 per cwt, creatin...Read More
The price of steel rebar in the Southern Europe domestic market was unchanged this week with buyers and sellers disagreeing on the direction the market should take, sources told Fastmarkets on Wednesday November 4.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was ?,?465-480 ($515-532) per tonne on Wednesday, unchanged week-on-week.Simi...Read More
Brazilian iron ore exports totaled 27.25 million tonnes in November 2019, a 19.8% year-on-year decrease from 33.97 million tonnes, data from the country's ministry of economy showed on Monday December 2.Shipment volumes also fell by 18.3% in comparison with 33.35 million tonnes during October 2019, according to the ministry.Figures from October were revised upward after the foreign trade secretari...Read More
The Turkish steel producers have continued their purchases of deep-sea market scrap for January shipments, while prices became even more firm, sources said on Wednesday December 4.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 17,000 tonnes of HMS 1&2 (95:5) at $290 per tonne cfr.Another steel mill in the Marmara region booked a European cargo, comprising 20,000 to...Read More
Seaborne prices edged up slightly on Wednesday December 4 amid gains in the futures market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.06 per tonne, up $0.75 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $88.15 per tonne, up $0.75 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.63 per tonne, up $0.43 per tonne.58% Fe fines high-premium, cfr Qingdao: $76...Read More
The Iranian export billet market has been rather quiet in the first week of December amid reduced availability of material for shipment in January, Fastmarkets has heard.This was due to successful sales to Africa, the Middle East and Asia in previous weeks as well as increased domestic demand."Local buyers were worried about the fluctuation [in the value] of the Iranian rial after fuel subsidy iss...Read More
Dave Kranzler, Mining Stock Journal"The Fed first tried to justify the loans by saying they were a short-term measure to stem a liquidity crisis. But the so-called "liquidity crisis" has not prevented the stock market from setting new highs since the loan operations began on September 17. And the short-term operation has been running every business day since that time and is currently scheduled...Read More
By: Ira EpsteinGold had a big rally and getting up to key resistance spots. Lots of Tariff news:Read More