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At least 50 killed in collapsed gold mine in east Congo - NGO

September 14, 2020 / dlvr.it

At least 50 people are thought to have died when an artisanal gold mine collapsed near Kamituga in the east of the Democratic Republic of Congo on Friday afternoon, a local mining NGO said.Read full newsRead More

At least 50 killed in collapsed gold mine in east Congo - NGO

September 13, 2020 / dlvr.it

At least 50 people are thought to have died when an artisanal gold mine collapsed near Kamituga in the east of the Democratic Republic of Congo on Friday afternoon, a local mining NGO said.Read full newsRead More

Top 3 Defensive Stocks Under $20

September 14, 2020 / www.fool.ca

The steep recovery of the stock market amid the pandemic and fear of an economic slowdown are good reasons to consider buying some defensive stocks now. While protecting the downside risk, defensive stocks are likely to add stability to your portfolio amid high volatility.Here are the top three defensive bets investors could consider buying under $20.Algonquin Power & UtilitiesAlgonquin Power...Read More

Is Teck Resources Stock Headed to $30 in 2021?

September 14, 2020 / www.fool.ca

Teck Resources (TSX:TECK.B)(NYSE:TECK.B) stock just surged more than 12% to its highest share price in more than six months.Teck Resources stock priceAt the time of writing, Teck Resources stock trades near $17.50 per share. That’s back to where the shares traded before the start of the pandemic market crash last February.The rebound shouldn’t be a surprise to long-time followers of Te...Read More

A Plot to Kill the King

September 10, 2020 / www.outsiderclub.com

A king that would not feel his crown too heavy for him, must wear it every day; but if he think it too light, he knoweth not of what metal it is made.Sir Francis BaconElon Musk is the new king of the automobile - but I'm not too sure he knows what metal his crown is made of.We've watched him take his eyes off the prize several times now: from smoking a joint on a podcast to Tweeting about taking T...Read More

What Does the Tech Sell-Off Mean for Gold?

September 08, 2020 / www.outsiderclub.com

Tech stocks are taking a blow and it is raising questions about the role they can play moving forward.The inflow of money into big tech hardly needs mentioning, I'm sure. The thing is, they hardly needed more of a boost.The top five U.S. companies - pull out Netflix, put in Microsoft - made up 18% of the market capitalization of the entire S&P 500. That had never happened before for any top five c...Read More

E.B. Tucker forecasts $40 silver price, $2,500 gold by year-end

September 11, 2020 / www.kitco.com

Sep 14, 2020 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming Gold will hit $2,500 an ounce by year-end, with silver outperforming to reach $40 by year-end, said E.B. Tucker, director of Metalla Royalty and author of "Why Gold? Why Now? The War Against Your Wealth and How to Win It.""Silver's got some catching up to do. One of the things about silver that people need to understand is...Read More

IN CASE YOU MISSED IT: 5 key stories from September 14

September 15, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More

Brazil's Atlantic Nickel plans for underground expansion in 8 years

September 15, 2020 / www.metalbulletin.com

Atlantic Nickel, a Brazil-based nickel producer owned by private-equity fund manager Appian Capital Advisory, plans to develop its Santa Rita operation into an underground mine in the next eight years, with an economic feasibility study to be run in 2021.The move would increase production capacity from the current 20,000-25,000 tonnes per year (tpy) in nickel content to 40,000-45,000 tpy, accordin...Read More

LIVE FUTURES REPORT 14/09: LME aluminium price breaches $1,800/t in busy afternoon trading; lead surges 1.7%

September 15, 2020 / www.metalbulletin.com

The three-month aluminium price on the London Metal Exchange surpassed nearby resistance at the close of trading on Monday September 14, closing just above $1,800 per tonne after today's fresh cancellation of 41,325 tonnes triggered afternoon buying, while lead futures rose by 1.7% in the US trading session to push beyond $1,900 per tonne. Aluminium's outright price on the LME closed at $1,800.50...Read More

Vedanta to sell Australian copper mine; copper exposure shrinks further

September 15, 2020 / www.metalbulletin.com

Vedanta Resources will divest its Mount Lyell copper mine in Tasmania, Australia, after aborting a plan to restart the mine due to restrictions related to Covid-19, Australian media reported.The original plan to bring the Queenstown mine back on line from February 2020 has been shelved, with the Indian company deciding last week to put the mine up for sale, Australian Broadcasting Corp (ABC) repor...Read More

Siyata Announces U.S. Registration Statement Filing

September 14, 2020 / kincommunications.com

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that it has filed a registration statement on Form F-1 (the "F1") with the U.S Securities and Exchange Commission ("SEC"). Maxim Group LLC has been engaged to act as sole book-runner and manager of the proposed offering (the "Offering").The proposed Offering contemplate...Read More

MANGANESE ORE ANALYTICS: September 14, 2020

September 15, 2020 / www.metalbulletin.com

The latest data for the global manganese ore market for the week ended September 14, 2020.Read More

Saturn's big WA gold drilling campaign bankrolled

September 14, 2020 / www.mining-journal.com

The big drill campaign will follow a 10,000m drill foray underway and set for completion in the next month or so.Read More

CAML suspends operations at Sasa plant after tailings leak

September 14, 2020 / www.mining-journal.com

News of the leak triggered a 17% drop in CAML's share price on Monday. CAML described the leak as "short-term" and said no one had been harmed.Read More

Tight concentrates supply, higher China offers push APT prices upward

September 15, 2020 / www.metalbulletin.com

Prices for ammonium paratungstate (APT) in both Europe and the United States went up for the second consecutive week in the seven days to Friday September 11, while sentiment in China also improved with buyers returning to the market after an extended summer break.Fastmarkets' price for tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore, duty-free, was last assessed at $220-225 per mtu WO3 o...Read More

IN CASE YOU MISSED IT: 5 key stories from September 14

September 15, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More

FOCUS: China's SRB cobalt stockpiling could set metal price floor

September 15, 2020 / www.metalbulletin.com

China's reserve authority has finally approved fresh stockpiling of cobalt metal, casting some hope for the pandemic-weathered market, especially for cut cathode amid aerospace negativity. In the evening of Wednesday September 9, Chinese cobalt producers successively received invitations from the country's State Reserve Bureau (SRB) informing them to collect the tender document the next day -...Read More

ITALY STEEL SCRAP: Domestic prices track global market upward in September

September 15, 2020 / www.metalbulletin.com

Domestic prices for ferrous scrap in Italy have increased month on month in September, with prices moving in line with international market trends, sources told Fastmarkets on Monday September 14.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was ?,?220-240 ($261-284) per tonne on September 14, up by ?,?10-15 per tonne month on mont...Read More

FERROUS ANALYTICS: Iron ore drives up steelmaking costs; rebar margins still near zero

September 15, 2020 / www.metalbulletin.com

Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More

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