Simandou holds over two billion tonnes of iron ore reserves and some of the highest grades in the industry (66% - 68% Fe which attracts premium pricing). (Image courtesy of Rio Tinto Simandou) Rio Tinto is in discussions with the UK's Serious Fraud Office (SFO) about a possible deal under which the miner would avoid prosecution on bribery allegations over dealings for the giant Simandou iron mine...Read More

Apart from tech stocks, gold miners have notably outperformed Canadian broader markets this year. Higher gold prices have boosted gold miner TSX stocks by more than 50% so far in 2020.Barrick Gold (TSX:ABX)(NYSE:GOLD), the second-biggest gold miner globally, has been on a solid uptrend recently and has soared approximately 70% this year. It hit an eight-year high on July 27 and closed at $40.Barri...Read More

Winter drilling at Colomac, NWT. Image from Nighthawk Gold. Nighthawk Gold (TSX: NHK; US-OTC: NIMZF) has released an updated resource estimate for its Colomac gold deposits as well as a maiden underground resource for the Damoti deposit, 28 km to the south, which lie within the company's wholly-owned, 899-sq.-km Indin Lake gold property in Canada's Northwest Territories, about 200 km north of Ye...Read More

Jul 28, 2020 Guest(s): Steve Hanke Professor of Applied Economics, Johns Hopkins University As China closed down a U.S. consulate in Chengdu last week, everyone is watching rising geopolitical tensions between the world's two largest economies.Steve Hanke, professor of applied economics at Johns Hopkins University, said that relations between the U.S. and China are not going to improve in the sh...Read More

1. Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.2. Please click here now. Double-click to enlarge this December futures gold chart.3. In 2011, a key futures contract traded at about $2000. That's a significant round number, and the gold pric...Read More

Pure Gold's Red Lake mine site. Image from Pure Gold Mining. Pure Gold Mining's 30,000-metre program at the PureGold Red Lake mine in northwestern Ontario has returned high-grade results from underground, which extend near-term stopes and suggest new zones of gold mineralization.The company's latest release includes the assays for nine holes; drill highlights include 10 metres of 12.8 g/t gold,...Read More

Nexa's Aripuan?? will be the largest mine in the state of Mato Grosso. (Image courtesy of Nexa Resources.) Global technology company ABB is partnering with Nexa Resources, one of the world's top zinc producers, to provide state-of-the-art industrial automation systems at Nexa's existing and planned operations. The first step will include modernizing the company's existing mining and smelting p...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More

Jul 28, 2020 Guest(s): Peter Grosskopf CEO, Sprott Momentum in the gold market is slowing down after its historic run to new all-time highs at the start of the week. According to one fund manager, while gold has room to move higher, it is starting to overheat and could be due for some consolidation.In an interview with Kitco News, Peter Grosskopf, chief executive officer at Sprott Inc, said that...Read More

Aluminium premiums in Europe and Brazil moved higher during the week to Tuesday July 28 amid cautiously bullish sentiment, while other areas remained stable.Premiums rise across EuropeDemand revival pushes Brazilian premium higherStable market conditions in United StatesChina static but bullishSouth Korea premiums up, while MJP is stable Contango pushes Rotterdam premiums higherAluminium premiums...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 28, 2020 Gold has arrived at significant resistance in the $1900-$2000 zone.Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market. Pleaseclick here now. Double-click to enlarge this December futures gold chart. In 2011, a ke...Read More

LME three-month base metals prices failed to make significant gains at the close on Tuesday July 28, stalling ahead of tomorrow's clarification on US fiscal stimulus measures.The US Federal Reserve announced today that it had extended its existing lending facilities, from September 30 to December 31, to combat the economic fallout of the Covid-19 pandemic.But the market still remain...Read More

A subsidiary of Noranda Income Fund (NIF) has entered into a streaming deal with streaming and royalty company BaseCore Metals LP for zinc processed and refined at its electrolytic processing facility in Quebec, Canada, the company said. The proceeds of the deal will be used to expand capacity at the company's Canadian Electrolytic Zinc (CEZ) refinery by around 20,000 tonnes per year. BaseCore is...Read More

Spot gold had earlier risen just over $1,980 an ounce but was worth about $1,957/oz at the time of writing.The spot silver price briefly rose above $26/oz but was back around $24/oz."Some vicious moves overnight with the major action in precious with stops to the topside triggered in the first part of the Asian session before a wave of profit taking sees silver already decline 14.5% from its sessi...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) is pleased to announce that it has completed a non-brokered private placement of 14,434,200 units (the "Units") of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $1,443,420 (the "Offering"). Each Unit consists of one common share of the Company (the "Shares") and one-half of a common share purcha...Read More

The latest data for the global manganese ore market for the week ended Monday July 27, 2020.Read More

Despite beating average consensus forecasts for an adjusted loss per share of US34c and revenue of $219 million, the respective figures at -37c and $255.Read More

The JV company Minova Runaya Pvt Ltd (MRPL) is building a manufacturing plant at Bhilwara in Rajasthan to produce rock bolts, resin capsules, injection chemicals, wire mesh and ventilation products for the domestic and potentially offshore markets from early next year. The plant was said to have capacity to initially generate about US$60 million of products a year.India's mining industry has been...Read More

Terms of the deal, flagged a month ago, were not disclosed.Datamine will keep the Snowden name, established through its mining technical consulting activities more than 30 years ago, though it will focus on building Snowden's multi-product mining software business.A Snowden spokesman told Mining Journal the focus going forward would be on growing "all parts of the business". Datamine executiv...Read More

China imported approximately 2.18 million tonnes of manganese ore in June, a rise of around 39.3% from about 1.57 million tonnes in May, according to the latest available Chinese customs data. June's volume is also 7.3% higher than the 2.03 million tonnes imported in the same month of 2019, the data showed.Among the total volume imported in June, around 724,794 tonnes (33.2%) came from South Afric...Read More