The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials....Read More
Buying activity in the seaborne coking coal market was kept warm by the Chinese market, where steel mills continue to procure imported materials.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.67 per tonne, up $0.67 per tonnePremium hard coking coal, cfr Jingtang: $147.77 per tonne, up $0.28 per tonneHard coking coal, fob DBCT: $120.70 per tonne, unchangedHard coking coa...Read More
HARARE – State-owned Zimbabwe Consolidated Diamond Co plans gem auctions outside the country, including in Asian cities, to widen marketing options amid a market glut that’s steadily made polished stones cheaper.The company must explore and penetrate the international market to boost sales volumes and plans 11 international tenders in 2020, according to acting CEO Rob de Pretto.Adverti...Read More
ASX-listed Lucapa Diamonds has confirmed that it is in talks to potentially secure a majority stake in the Project Lulo joint venture (JV), which holds the primary kimberlite exploration licence for the 3 000 km2 Lulo diamond concession, in Angola.Discussions are currently under way with the Angolan Ministry of Mineral Resources and Petroleum and Angola’s national diamond company Endiam...Read More
Dual-listed diamond explorer Botswana Diamonds and Aim-listed Vast Resources have signed a new agreement in respect of their proposed joint venture (JV) in the Chiadzwa Marange area, in Zimbabwe.When the detailed agreement between Vast’s Katanga Mining subsidiary and Zimbabwe Consolidated Diamond Company becomes effective, Botswana Diamonds will be issued with new shares representing 2.5% of...Read More
JOHANNESBURG (miningweekly.com) – South Africa is Anglo American's best performing mining jurisdiction, Anglo American CEO Mark Cutifani said last night, when he chided South Africans for not giving themselves the credit they deserved when it came to transformation already achieved.Cutifani described South Africa as “a wonderful country” and said it remained Anglo's most...Read More
United States President Donald Trump’s signing of bills to support Hong Kong’s protestors may undermine or delay progress in US-China trade talks; this seems to have become a headwind for equities this morning, Thursday November 28, but so far, with the exception of nickel, it has not dragged down base metals prices on the Shanghai Futures Exchange.Most of the Asian equity markets we fol...Read More
* GRAPHIC-2019 asset returns:* Premium for cash over three-month aluminium around $11/T * Nickel falls to four-month low, breaches 200-day movingaverage (Updates with closing prices) By Pratima Desai LONDON, Nov 28 (Reuters) - Copper prices slipped on Thursdayas deteriorating relations between the United States and Chinacast doubt over prospects for imminent resolution to theprolonged trade disput...Read More
Galena provides a leading lightSPONSOREDgalena miningCEO Philip Pascall said the company was looking for strategic partners which could include teaming up with Rio to develop projects in Peru, reported Reuters and the Financial Times.Read More
Galena provides a leading lightSPONSOREDgalena miningOZ said it was looking at "value, not tonnes", and today's announcements of mines, deals and targets were a confirmation of its low-risk, modest cost Carajas Hub strategy.Read More
The price of gallium in China is likely remain vulnerable to downward pressures for the remainder of 2019 and into the first half of 2020, delegates to a minor metals conference in the country's Hunan province were told this week.Market participants told Fastmarkets during the Chinese Minor Metals Forum, held in Changsha city over November 27-28, that the pressure on the price would come from subd...Read More
Home Builders SPDRs $XHB moved above $46.38 to an all-time high extending an intermediate uptrend.Amazon $AMZN, a NASDAQ 100 stock moved above $1815.06 resuming an intermediate uptrendCouche Tard $ATD.B.CA , a TSX 60 stock moved above $44.07 to an all-time high extending an intermediate uptrendMcDonalds $MCD, a Dow Jones Industrial stock moved above $196.00 completing a base building pattern.TSX T...Read More
Key data from the Wednesday November 27 pricing session in Shanghai and London. Key drivers Sellers further cut their offers for cobalt hydroxide payables - the percentage of the metal price paid to procure intermediates - in doing so, encouraging larger tonnage purchases than in recent weeks.Market sources reported improved interest for January...Read More
The Chinese stainless steel market was under pressure over the past week due to high local inventory levels and producers continuing to adjust their asking prices downward in response to the recent decline in the price of nickel, market participants told Fastmarkets.The three-month nickel contract on the London Metal Exchange has averaged $15,335 per tonne so far in November, as compared with...Read More
November 28, 2019 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce the closing of its previously announced private placement on November 6, 2019 of common shares and flow-through common shares of the Company for gross proceeds of $1,697,079.92 (the “Private Placement“) through the issuance of 6,987,833 flow-through shares ("FT S...Read More
For almost 20 years, Keith Barron has been hunting for two famous gold-mining centres in Ecuador that historic Spanish manuscripts and maps from the 16th and 17th centuries refer to as Sevilla del Oro and Logrono de los Caballeros.In late November, the chairman and CEO of Aurania Resources (TSXV: ARU) announced that field teams had found an old road in the central part of the company's Lost Cities...Read More
With the rise in the gold price over the past year, precious metals exploration has picked up steam worldwide. Below we feature eight companies across the exploration, development and production spectrum that maintain a focus on discovery. Compass GoldCompass Gold (TSXV: CVB; US-OTC: COGDF) is focused on the Farabakoura gold discovery in southern Mali.The company wholly owns the 850 sq. km Sikasso...Read More
Newmont Goldcorp (TSX: NGT; NYSE: NEM) is raising its stake in GT Gold (TSXV: GTT) from 9.9% to about 14.9% via an $8.3 million private placement.Currently, there are two main discoveries at GT Gold's 468 sq. km Tatogga property in B.C.'s Golden Triangle district.At Saddle South, there is a near-surface bulk tonnage epithermal gold-silver vein system with underground potential. At Saddle North,...Read More
Dark Horse could be 2020 bolterSPONSOREDdark horse resourcesUS takes long-term position on mineral supplySPONSOREDverisk maplecroftMacarthur's high-grade iron project set to rollSPONSOREDArtemis all set thanks to unique approachSPONSOREDartemis resourcesBut despite the success stories, capital remains elusive, particularly for early stage explorers, who have struggled to convince an increasing...Read More
Dark Horse could be 2020 bolterSPONSOREDdark horse resourcesUS takes long-term position on mineral supplySPONSOREDverisk maplecroftMacarthur's high-grade iron project set to rollSPONSOREDArtemis all set thanks to unique approachSPONSOREDartemis resourcesMacarthur Minerals, already TSX-listed, is seeking to join the ASX in early December.Read More