Golden Mile goes back to the futureSPONSOREDgolden mile resourcesIt lowered its outlook for the red metal for the rest of this year to US$5,900 per tonne from $6,300/t. Copper is currently sitting at around $5,750/t.Read More

PERTH (miningweekly.com) – Diamond miner Lucapa has set production records in the three months to September, with the ASX-listed company recovering 14 610 ct during the period under review.Production at the Lulo alluvial mine, in Angola, reached 7 603 ct during the quarter, a 67% increase on the previous corresponding period, while the Mothae kimberlite mine reported its highest quarterly pr...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesIt also reported a 69% increase in measured and indicated resources to 72Mt containing 894,000t of copper inclusive of mineral reserves.An updated life-of-mine production plan increases copper production by 140,000t compared to the 2018 technical report with a flexible and phased plan to return the Caraíba Mill to its original...Read More

Seaborne iron ore prices rebounded on Thursday October 10 following a big decline a day earlier, thanks to gains in the futures markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.68 per tonne, up by $2.62 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $94.23 per tonne, up by $3.89 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.08 per tonne, up by $2.33 per tonne.58% Fe fi...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesIf passed, the bill, introduced into the Senate in January 2018, would allow the distribution of such water to be subject to the authority of the state, which concerns the private sector companies, particularly in the mining sector, which have invested hundreds of millions of dollars to secure their water sources through investment i...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $92.71 per tonne cfr China, laycan November 5-14.Rio Tinto, bilateral sale, 70,000 tonnes of Pilbara Blend lump, sold at the...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesAIM-listed CAML this week said it remained comfortably in sight of its guidance of 12,500-13,500 tonnes of copper and 28,000-39,000t lead from its two mines, Kounrad and Sasa, located in KazakhstanRead More

Transaction prices for premium mid-vol coking coal from Australia jumped on Thursday October 10, compared with pre-Golden Week levels, leaving some market participants surprised.Fastmarkets indicesPremium hard coking coal, fob DBCT: $145.39 per tonne, down $0.98 per tonnePremium hard coking coal, cfr Jingtang: $159.50 per tonne, down $0.22 per tonne Hard coking coal, fob DBCT: $123....Read More

Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedThe future of mining is (still) peopleSPONSOREDproudfootSolGold, 85% owner of the monster Alpala discovery in northern Ecuador (23 million ounces of gold and 11 million tonnes...Read More

New customs declaration procedures could be put in place by European Union member states if the United Kingdom ultimately leaves the bloc with no agreement in place (a "no-deal Brexit"), an industry association told Fastmarkets this week.This would cause months of congestion affecting UK-origin scrap cargoes although no long-term disruption was expected for the UK's metals recycling sector, worth...Read More

The world's largest low-grade iron ore producer has confirmed that it will bid for two blocks at what is considered the world's largest untapped high-grade ore resource, a move that reiterates what the industry has been saying over the past few years - that demand for green iron ore or high-grade ore is a structural change in the making."Following the release of information at a public meeting hel...Read More

The three-month nickel price on the London Metal Exchange pushed up during morning trading on Thursday October 10, climbing by nearly 2% amid an ongoing drawdown of LME inventories. Nickel's outright price was recently trading at $17,620 per tonne, appreciating by around $285 per tonne with just over 1,800 lots exchanged as of 9:10am London time.LME nickel stocks now sit at 102,696 tonnes in total...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Investors are focusing on news from U.S./China trade talks that started today.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the September Consumer Price Index was an increase of 0.1% versus a gain of 0.1% in August. Actual was unc...Read More

Base metals prices on the Shanghai Futures Exchange exhibited mixed moves but were largely little changed during the morning trading session on Thursday October 10, with market participants digesting conflicting trade headlines.As has been the case for much of this week, the base metals seem content to drift while they await direction from high-level trade talks between China and the United States...Read More

Coal industry billionaire Hans Mende joined the board of Jupiter Mines on Wednesday October 9 as a non-executive director, the Australian Stock Exchange-listed mining company has announced.Mende is co-founder and executive chairman of AMCI Group, a substantial shareholder...Read More

China's domestic stainless steel prices increased slightly this week on a spike in restocking demand following a national holiday in the country on October 1-7.Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 15,800-16,100 yuan ($2,214-2,256) per tonne including value-added tax for the week ended Wedne...Read More

I've had the "timeshare debate" with my mom several times. She has friends - including money-savvy ones - with properties, and I know at least one is trying to unload at the moment, too.About $8 billion worth of timeshares are sold in the U.S. each year. And it's easy to understand how folks fall for the allure of basically buying a hotel room.Let's say it's the dead of winter … ice, snow, s...Read More

Violet Smith grew up in the Cuyuni-Mazaruni region of Guyana, eventually settling in Bartica, a small commercial centre about 80 km inland from the Atlantic Ocean.The town - at the confluence of the Cuyuni, Mazaruni and Essequibo rivers - was considered the gateway to the gold mines and diamond fields of the interior.As a young girl she would watch the steamers come in and trucks, loaded with camp...Read More

Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedThe future of mining is (still) peopleSPONSOREDproudfootAccenture's resources lead Ann Burns acknowledges one of the three aims in the Triple Zero concept is seen as the "holy...Read More

Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedThe future of mining is (still) peopleSPONSOREDproudfootChief executive Matthew Gill strode to the lectern in January 2017 to describe a unique investment offering.Read More