Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesKukielski, soon to celebrate his first anniversary at the company, is more excited than ever about the opportunities before the company.Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditIron ore was the only division to have its guidance maintained after a record nine-m...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe latest assays included 1,009m at 0.57% copper, 0.39g/t gold and 11.1g/t silver, or 0.95% copper-equivalent, and 1,034m at 0.68% Cu-eq.Read More

Domestic prices for hot-rolled coil in Northern Europe were stable day on day on Tuesday April 21, although sentiment in the market remained downbeat, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?445.63 ($484.15) per tonne on Tuesday, up by only ?,?0.63 day on day from ?,?445 per tonne on...Read More

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereThe index, which uses satellite data to monitor up to 90% of global copper smelting capacity, put the March average at 86.7, down from February's 91.5.Marex Spectron glob...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia were stable this week, with market activity close to none because of the precautions taken due to the Covid-19 pandemic, sources told Fastmarkets on Tuesday April 21.No deals or new prices were heard during the week and steel consumption was very slow because of the curfew orders in the UAE and Saudi Arabia, sources said.The UAE...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe litigation challenged the EPA's July 2019 decision to withdraw its prior regulatory action under Section 404(c) of the Clean Water Act, initiated in 2014 by the Obama Administration, which sought to pre-emptively veto the Pebble project before permit applications had been filed or an Environmental Impact Statement (EIS) permitt...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were weaker this morning, Tuesday April 21, and Asian-Pacific and pre-market major western equity indices were weaker too. On Monday we had thought poor corporate earnings data had the potential to rattle markets, but it seems that negative oil futures prices were the catalyst that caused traders concern. The soon-to-exp...Read More

Italian long steel producer Alfa Acciai Group has resumed production this week following a month of downtime, sources told Fastmarkets on April 17.Last week Alfa Acciai had resumed steel product deliveries from stock, while this week the company has restarted production, several sources confirmed to Fastmarkets.The company is currently running at "more or less 20%" capacity utilization rate, the s...Read More

Steel billet and rebar prices in the United Arab Emirates remained unchanged over the past week, largely because of the lockdown introduced to fight the Covid-19 pandemic, market sources said on Tuesday April 21.The UAE introduced a two-week, 24-hour lockdown on April 4 and extended it for another week starting from April 17.Saudi Arabia, meanwhile, has been subject to a&n...Read More

CIS export slab prices surged in the week to Tuesday April 21 with mills managing to achieve higher levels in recent sales.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $325-330 per tonne on Tuesday, up from $305-320 per tonne a week earlier.Demand for semi-finished steel products in China continued to render support to CIS slab producers. A large cargo of Ru...Read More

Exporters of flat steel from the Commonwealth of Independent States (CIS) reduced prices in further sales to Turkey, although later increased their offers in the week to Tuesday April 21 on full order books.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $345-365 per tonne on Tuesday, down from $360-370 per tonne a week before.Two sales of R...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 44 points in pre-opening trade.Travellers dropped $1.83 to $99.95 after the company reported lower than consensus first quarter revenues and earnings.Disney fell $1.36 to $100.90 after Citigroup lowered its target price from $161 to $135.IBM dropped $3.56 to $116.85 after reporting lower than consensus first quarter r...Read More

Mexican steel scrap prices decreased in the week ended April 17, with some buyers applying the first round of a series of price cuts planned for the month, and a second group of buyers keeping their prices stable.In Mexico's central Baj?-o region, steelmakers applied price cuts of 200-400 pesos ($8-17) per tonne last week, and have announced a second round of price cuts of 200 pesos per tonne to s...Read More

The Turkish steel producers went through the second working day of the week with no deep-sea bookings and they were expected to remain quiet for the rest of the week, sources said on Tuesday April 21.The mills in the country booked at least seven deep-sea cargoes last week, totaling almost 220,000 tonnes.Market participants believed that those cargoes will be enough to cover mills' urgent needs."I...Read More

Seaborne iron ore prices dropped on Tuesday April 21, following the crash in US oil prices, which fell into negative territory late on Monday evening in Singapore for the first time on record, Fastmarkets understands.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.37 per tonne, down $3.08 per tonne 62% Fe low-alumina fines, cfr Qingdao: $85.96 per tonne, down $3.15 per tonne58% Fe fines...Read More

Seaborne coking coal prices dropped further on Tuesday April 21 due to inactive trading and persistent bearish sentiment among market participants.Fastmarkets indicesPremium hard coking coal, fob DBCT: $125.05 per tonne, down by $3.21 per tonne.Premium hard coking coal, cfr Jingtang: $135.04 per tonne, down by $1.47 per tonne.Hard coking coal, fob DBCT: $116.01 per tonne, down by $1.00 per tonne.H...Read More

Japan's Nippon Steel will halt a third blast furnace due to an "immediate sharp drop in demand for steel products" caused by the Covid-19 pandemic, it said.Company: Nippon SteelLocation: Kimitsu, Chiba prefectureEquipment: No2 blast furnace (BF), coke ovensDate: From mid-May The 8-million-tonnes-per-year Kimitsu steel works has...Read More

Steel production outside China could contract by a double-digit percentage in 2020, according to global miner BHP, but output in China may rise slightly in the same period if the country can avoid a second wave of Covid-19 infections. According to the miner, steel makers from a variety of regions, including Europe, the Americas, India and Japan, have announced or signaled full shutdowns or curtail...Read More

China's domestic hot-rolled coil prices dropped on Tuesday April 21, with market sentiment hurt by a slump in financial markets triggered by an oil crash in the United States.DomesticEastern China (Shanghai): 3,300-3,320 yuan ($466-469) per tonne, down 20-30 yuan per tonneNorthern China (Tangshan): 3,240 yuan per tonne, down 20 yuan per tonneSellers across China lowered their offers in response to...Read More