With competition in the global steel markets remaining fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world for June 2020.The case list below includes only updates. For other continuing cases this year, see the updates for May, April, March, February...Read More
China's domestic stainless steel prices edged up over the past week due to stock replenishing activity, with export prices following the upward move.Steady nickel prices lent further support to stainless steel prices, market sources said on Wednesday July 1. The three-month nickel contract on the London Metal Exchange ended Wednesday's official trading session at $12,620 per tonne, up by...Read More
Eastmain Resources (TSX: ER; US-OTC: EANRF) has resumed exploration across its three properties in Quebec's James Bay region. The company will focus on expanding the existing Eau Claire deposit at its flagship 20,068-sq.-km Clearwater property with 4,000 metres of drilling, with additional field-based work planned for the Radisson and Reservoir projects."Eastmain has one of the premier land positi...Read More
Colombia-focused Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has invested $14 million in a private placement in its recent spinoff, Caldas Gold (TSXV: CGC), to fund the acquisition of a project in Ontario's Abitibi greenstone belt.In a deal announced in May, Caldas Gold is acquiring the Juby project, 100 km southeast of Timmins, from South American Resources (SARC). The private company has an agr...Read More
Victoria Gold's (TSX: VGCX) Eagle gold mine in central Yukon reached the commercial production milestone on Canada Day. As of July 1, all of the facilities required for this stage of the mine life are now complete and, according to Victoria, the mining and processing operations are performing well."Site activities continue to progress well, and all facilities and operations are now at, or approach...Read More
An international group of 142 scientists, community groups and NGOs from 24 countries has published a set of 16 guidelines for the safer storage of mine waste.The guidelines aim to protect communities, workers and the environment from the risks posed by thousands of mine waste storage facilities, which are failing more frequently and with more severe outcomes."Safety First: Guidelines for Responsi...Read More
As the United States pushes to dilute China's monopoly on rare earths and develop a domestic supply, Colorado-based Energy Fuels (TSX: EFR) is working towards being at the forefront of the race.Energy Fuels is the owner of the White Mesa mill in Utah, the only fully-licensed and operating conventional uranium mill in the United States. The facility is normally used to process radioactive ore and p...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 resourcesIt is easy enough to be sceptical about the flight to ESG investing. Fund managers have clearly vested financial interests in p...Read More
U.S. prosecutors filed a lawsuit to seize the gasoline aboard four tankers that Iran is trying to ship to Venezuela, the latest attempt by the Trump administration to increase economic pressure on the two U.S. foes.The government of Venezuela's socialist President Nicolas Maduro has flaunted theRead full newsRead More
Months into one of the worst oil price crashes in history, lenders have tightened the screws on shale producers by wiping away 20% of the credit that has helped fuel the industry's boom.Read full newsRead More
While hydrogen initiatives have been grabbing headlines, renewable natural gas (RNG) also deserves attention as an emerging tool for decarbonization.Read full newsRead More
Victoria Gold Corp.'s Eagle Gold Mine Credit: Victoria Victoria Gold's Eagle gold mine reached the commercial production milestone on Canada Day. As of July 1, all of the facilities required for this stage of the mine life are now complete and, according to Victoria, the mining and processing operations are performing well."Site activities continue to progress well and all facilities and operati...Read More
An outcrop at the Juby gold project in Ontario. Credit: Temex Resources Colombia-focused Gran Colombia Gold has invested C$14 million in a private placement in its recent spinoff, Caldas Gold, to fund the acquisition of a project in Ontario's Abitibi greenstone belt.In a deal announced in May, Caldas Gold is acquiring the Juby project, 100 km southeast of Timmins, from South American Resources...Read More
Cerro Lindo zinc-copper-lead mine in Peru. (Image: Nexa Resources | Flickr.) Globally, mined zinc production will continue to ramp up over the coming years as elevated prices encourage miners to restart idled capacity and begin production at key new mines, according to Fitch Solutions' latest industry report. Global mined zinc production is poised for gains over the coming years, Fitch predicts....Read More
(Image courtesy of Vale) Vale (NYSE: VALE) is ready to resume dividend payments to investors and is just waiting for more certainty around the coronavirus pandemic before approving the move, Chief Financial Officer Luciano Siani Pires told investors on Friday.Speaking on a live conference promoted by XP Investimentos, Siani Pires said that the uncertainties depend on the behavior of China, the de...Read More
Image courtesy of Komet Resources Inc. Roscan Gold (TSXV: ROS) has completed its previously announced acquisition of the Dabia South project in Mali from fellow Canadian mining junior Komet Resources (TSXV: KMT).The Dabia South property comprises 35 square kms of mining concessions adjacent to Roscan's Kandiole project. Total consideration for the acquisition amounted to C$3.2 million in cash and...Read More
Here are five Fastmarkets stories you might have missed on Friday July 3 that are worth another look.Production resumes at Hydro's Paragominas mine and Alunorte alumina refinery. The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3.The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi...Read More
The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3. With production at Paragominas now resumed, alumina refining is being ramped back up at the company's Alunorte refinery. Three power transmission towers overturned on June 20, causing a power outage at Paragominas, Fastmarkets reported earlier. "The t...Read More
The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi mine has dropped by 15% in the latest mine plan, according to a regulatory filing released on Friday July 3. The reductions have been significant at Oyu Tolgoi, which is one of the world's largest known copper and gold deposits. The Australia-listed miner said the estimate of recoverable copper from the Mongolian project was now 6...Read More
An overview of the battery raw materials markets and their latest price moves.Read More