The London Metal Exchange three-month nickel price was trading down 1% at around $16,330 per tonne during the morning session on Thursday October 23, with persistent drawdowns failing to give support to nickel futures. 4,134 tonnes of material were taken out of LME-approved global sheds as of 9am this morning versus just 696 tonnes of metal delivered in, leaving LME global nickel inventory at 83,6...Read More
There have been a significant number of large backwardations on London Metal Exchange futures contracts throughout 2019 and questions have been raised about whether the exchange's spreads truly reflect the fundamentals of the market.LME chief executive officer Matthew Chamberlain has said the exchange is monitoring the situation and has not heard any outcry from the market looking for things to ch...Read More
Barring those for nickel and tin, base metals prices on the Shanghai Futures Exchange were down during the morning trading session on Wednesday October 23. Following the weakness seen at the start of the week, nickel has rebounded strongly this morning. The most-traded December nickel contract on the SHFE climbed to 129,120 yuan ($18,240) per tonne as at 10.15am Shanghai time, up by 3,430 - or 2.7...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 23. Key drivers Ferro-titanium market stability extended for a third week despite only low volumes reported sold. Only one truckload of ferro-titanium was reported being sold at $4.50 per kg delivered, duty-paid. Alloy suppliers are looking to start negotiations for deliveries on longer-term agreements as s...Read More
Fastmarkets is proposing to discontinue its fortnightly price assessments for mercury. Global mercury trade has reduced since the 2017 the Minamata Convention on mercury, a legally binding international agreement aimed at tackling mercury pollution, came into force. The Convention has reached more than 100 party ratifications, and, as a result, mercury use is declining around the globe. Mercury tr...Read More
The Ramu nickel-cobalt project in northeast Papua New Guinea is to close imminently pending an environmental investigation, the region's minister for mining Johnson Tuke confirmed on Wednesday October 23.The Ramu nickel-cobalt project in northeastern Papua-New Guinea will close imminently pending an environmental investigation, the region's minister for mining, Johnson Tuke, confirmed on Wednesday...Read More
A summary of Antofagasta's production results for the third quarter of 2019 following the company's results report released on Wednesday October 23.IN BRIEF: Antofagasta's group copper production for the third quarter of 2019 was recorded at 197,000 tonnes, a drop of 0.8% against the previous quarter. Group copper production for the first nine months of 2019 climbed to 584,200 tonnes, a rise...Read More
An overview of the noble alloys markets and their latest price moves.Read More
These are exciting days for Victoria Gold (TSXV: VIT) as the company transitions its flagship Eagle open-pit gold project in the Yukon from development into production.At the end of September, the company had mined 1.7 million tonnes of ore and stacked 1.1 million tonnes of crushed mineralized material on the heap leach pad, pouring its first gold on Sept. 17."After ten years of blood, sweat and...Read More
SolGold has discovered a new copper-gold-silver-molybdenum porphyry system at its wholly owned Cisne Loja project in southern Ecuador. The company says it found mineralized outcrops that indicate the presence of a new polymetallic porphyry system with outcropping porphyry-style copper, gold, silver and molybdenum-rich mineralized veining over an area of 2 km by 1 kilometre.SolGold says the minera...Read More
Orla Mining (TSX: OLA) has reached an agreement with Trinity Capital Partners for a project finance facility of up to US$125 million to build its first mine - the Camino Rojo oxide heap leach gold project in Mexico.The facility will include a syndicate of lenders led by mining financier Pierre Lassonde, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Trinity Capital.The project in Zacatecas, 50 km so...Read More
The next generation of mining leaders will arrive with a "tsunami" of environmental, social and governance (ESG) concerns, says Claudia Mueller, associate director of the Global Mining Management program at the Schulich School of Business. Mueller joined a panel of experts in October to discuss ESG issues at The Northern Miner's third annual Progressive Mine Forum in Toronto. In recent years, she...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftThe Canadian bank said markets continued to price in a more dovish tone from central ban...Read More
"Today's daily humor: #Zuckerberg To Testify That #Libra Digital Currency Could Help End Economic Inequality | Zero Hedge https://t.co/lBENXA8T74"Read full newsRead More
"Massive protests:IN THE LAST WEEKBoliviaLebanonChileSpain/CataloniaHong KongBritain IN THE LAST MONTHIraqAlgeriaEgyptHaitiFranceTHIS YEARSudanRussiaUgandaIndonesiaUkrainePeruZimbabweColombiaVenezuelaEthiopiaBrazilEcuadorSerbiaBosniaGlobal (Climate)"Read full newsRead More
"$NOW - ServiceNow, Inc. (NOW) CEO John Donahoe on Q3 2019 Results - Earnings Call Transcript. Keep reading: https://t.co/mO6ywQvQvW #markets #stocks #investing"Read full newsRead More
"Congo's Ebola outbreak, now concentrated in a gold mining area, remains a global emergency: WHO https://t.co/ocThOFSFDH"Read full newsRead More
"$MSFT - Microsoft Corp. (MSFT) CEO Satya Nadella on Q1 2020 Results - Earnings Call Transcript. Subscribe to Seeking Alpha for more: https://t.co/Btyg5jAeFW #business #stockmarket #finance"Read full newsRead More
"$RHI - Robert Half International Inc. (RHI) CEO Max Messmer on Q3 2019 Results - Earnings Call Transcript. Read more and get updates on any stock! https://t.co/QQN9DV34ny #stockmarket #finance #investing"Read full newsRead More
Barrick is poised to restart gold mining in Tanzania after the company agreed to pay $300 million to the African country and share ownership and other benefits at its three local mines.Read full newsRead More