A historic headframe at Maple Gold Mines' Douay gold property in northern Quebec. Credit: Maple Gold Mines. An induced polarization (IP) survey completed at Maple Gold's 355-sq.-km Douay gold project in Quebec has expanded the 531 Zone target area and identified a new and undrilled target over 600 metres of strike. In addition, one of two holes drilled to deepen a hole from 2019 intercepted a h...Read More

Minsur operations (Credit: Tomra) With a rise in chrome demand driven by China's stainless steel industry, South Africa, the world's leading producer of chrome and ferrochrome, is struggling with rising costs at its operations as larger-scale mines are developed. These larger operations are less selective and produce marginal lower-grade material due to dilution of the orebody, which in turn incr...Read More

Image courtesy of CNNC Copper prices plunged on Monday after China released a set of economic data showing the deepest declines on record for industrial production and fixed asset investment.Copper trading in New York fell by more than 5% on Monday to a low of $2.335 a pound ($5,150 a tonne), the lowest since early November 2016. The copper price is also down 19% from its 2020 high, struck near t...Read More

Veladero, one of the largest gold mines in Argentina. (Image: Antonio Gritta | Wikimedia Commons) Barrick Gold announced Monday that the life of its jointly owned Veladero mine in San Juan, Argentina has been extended to at least 10 years following a comprehensive review of its strategy and business plan.In a media briefing conducted via video conferencing to comply with the Covid-19 related trav...Read More

Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More

A key challenge for US primary aluminium production facilities is the high cost of electricity, which trade restrictions measures such as Section 232 do nothing to alleviate, according to a senior lawyer and former commissioner and vice chairman of the US International Trade Commission.According to Dean Pinkert, senior counsel at New York-based law firm Hughes Hubbard & Reed, trade measures are of...Read More

The three-month copper price on the London Metal Exchange continued its descent at the close of trading on Monday March 16, settling at its lowest level since November 2016 after breaching key support levels throughout the day.The rest of the base metals complex similarly depreciated over the day's trading.Copper's outright price on the LME closed at $5,290.50 per tonne on Monday afternoon, l...Read More

Bob Moriarty ArchivesMar 16, 2020We have sailed off the map of the known world into totally uncharted waters. No one, including me, knows exactly where we are or where we are headed. Buthic sunt draconesis an excellent warning, here be dragons. If I was still flying and needed to give a brief to my passengers, I’d be saying, “I have some good news and some bad news. First the bad news....Read More

Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More

Data out of China for February was "worse than many pessimistic forecasts and interest rate cuts from China and the US only underscored the massive challenge the coronavirus poses for world growth," Marex Spectron's Anna Stablum said from the LME desk (Singapore).The S&P 500 closed down 11.98%, the Nasdaq lost 12.32%, and the S&P/ASX 200 closed down 9.7% yesterday.London's FTSE 100 fe...Read More

Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More

Minister Aleksandar Anti?? said the figure would be reached by spending on projects such as the ?OEukaru Peki copper and gold mine (US$500 million), together with Rio Tinto's Jadar lithium mine nearRead More

High-carbon ferro-chrome prices in Europe have slumped by 10.3% since February 28 because of the impact of the novel coronavirus (2019-nCoV) on demand and economic activity generallyFerro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe narrowed downwards to $0.80-0.86 per lb week on week on Friday March 16 from $0.82-0.95 per lb, according to Fastmarkets assessment."The...Read More

The company has been conducting a review into Downer Mining, which it said continued to perform well, since August last year.Read More

Gary SavageCrash webinarI will do a webinar Tuesday morning outlining why this market crash occurred, the tools I used to predict it ahead of time, a brief tutorial on cycles, and where I think we're going from here (we're due for a convincing bounce soon) and also what I think is in store for the metals market over the next month. The price of the webinar is $50 this will include a 1 month sub...Read More

Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More

Key data from the alumina index, fob Australia pricing session on Monday March 16. Key drivers: Fastmarkets' daily fob Australia alumina index falls 2% on Monday March 16 from $303.71 per tonne on Friday March 13.  One recent deal for 30,000 tonnes of Western Australian alumina concluded at $294.75 per tonne, with laycan between April 20-29.Market participants...Read More

"I think we have a major role to play in designing the equipment and also the mines of the future," Hedblom told Mining Journal from Orebro in Sweden where she has just transitioned to the topRead More

It follows fellow Toronto-headquartered Kinross Gold closing its head office last week for the same reason. Iamgold said on Saturday its employee had last been in its Toronto office on March 6 and was now in self-quarantine at home, in a stable condition.It said the person had attended two private company events and the Northern Ontario Night at the Steam Whistle Brewery but had not been to P...Read More

Key data from the Friday March 16 pricing session in London. Key drivers: Cobalt prices had increased following the coronavirus (2019-nCoV) outbreak, but now prices are declining amid slow trade and limited inquiries, with sellers cutting offers and increasingly...Read More