Cobre Panam?? operation. (Image courtesy of First Quantum Minerals). Panama's Ministry of Health confirmed that one person died at the Cobre Panam?? operation due to complications caused by the novel coronavirus infection.On Sunday, the government agency posted a tweet saying that following the identification of the first case of COVID-19 at the site on March 24, and despite efforts to stabilize...Read More
Emergency personnel at the Veracruz coal mine. (Image courtesy of the governor of Cundinamarca, Nicol??s Garc?-a). Eleven people died and four were injured following an accidental explosion at a coal mine in Colombia's central Cundinamarca department. The incident took place at the Veracruz coal mine, a legal operation located in the Cucunub?? municipality. About 12% of Colombia's electricity i...Read More
Solar cell. (Reference image from Pxhere, CC0). Researchers at Uppsala University have developed an all-organic proton battery that can be charged in a matter of seconds using a solar cell. The battery can be also charged and discharged over 500 times without any significant loss of capacity and is unaffected by ambient temperatures.In a study published in the journal Angewandte Chemie, the scien...Read More
Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, declared force majeure to its clients on Thursday April 2 due to the effects of the Covid-19 pandemic on its operations, in a statement seen by Fastmarkets.The benchmark for the supply of aluminium to...Read More
Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, declared force majeure to its clients on Thursday April 2 due to the effects of the Covid-19 pandemic on its operations, in a statement seen by Fastmarkets.The benchmark for the supply of aluminium to...Read More
Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, declared force majeure to its clients on Thursday April 2 due to the effects of the Covid-19 pandemic on its operations, in a statement seen by Fastmarkets.The benchmark for the supply of aluminium to...Read More
We learned from Tim Daniels, President and Director of Erin Ventures (TSX.V: EV), that they are a Canadian-based, emerging mineral exploration company, focused on the advancement and development of the 100% owned Piskanja boron project located in Serbia. Piskanja project is a high-grade boron deposit with a NI 43-101 compliant mineral resource of 7.8 million indicated tonnes (30.8% B2O3), in addit...Read More
Dear Friend of GATA and Gold:A friend writes:"Here's a question for you."People like GoldMoney's Alasdair Macleod have stated that China has 20,000 to 25,000 tonnes of gold. Does this total refer just to the People's Bank of China or does it include all the gold that the central bank and the people of China have?"Is it possible that the total is much higher -- that the central bank has 20,000 to...Read More
Dave Kranzler"Bad money drives out good money." When Gresham put forth this proposition, sovereigns were diluting gold and silver coins with metals of lesser value yet the diluted coins were given the same value for legal tender purposes as the more pure coins. Gresham observed that the more pure coins would be hoarded and the lesser value coins would be used for trade.Sound familiar? Go fin...Read More
By: Ira EpsteinGold's long-term chart shows the support at the 18-week average, market remains in a positive posture from the bounce, back to challenging its highs.https://www.iraepstein.comRead More
All in the BattleSmall Business HelpBye-Bye, BuybacksChina PuzzleGlobal RecessionLightning RoundFinal ThoughtsA Personal MemoryIn times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists. Eric HofferGreetings from Puerto Rico, where this frequent traveler is evidently home for an unusually long time.I want to st...Read More
"The legislation gives you the authority to fill this gap: it gives you extraordinary powers to make discretionary decisions about the recipients of this huge bailout for big corporations, and the terms and conditions under which they receive aidContinue...Read More
By: Ira EpsteinGold's long-term chart shows the support at the 18-week average, market remains in a positive posture from the bounce, back to challenging its highs.https://www.iraepstein.comRead More
Brazilian steelmaker Gerdau will idle the No2 blast furnace at its Ouro Branco mill, in the southeastern state of Minas Gerais, this month to adjust operations due to to currently weakened demand because of the Covid-19 pandemic, the company said on Friday April 3.Blast furnace No2 at Ouro Branco has capacity to produce 1.5 million tonnes per year of crude steel. Furnace No1, which will remain act...Read More
ArcelorMittal's Brazilian unit has clarified information about the shutdown of its No3 blast furnace in Tubar??o facility, in the country's southeastern Esp?-rito Santo state; the equipment will remain halted for an indeterminate period, the company told Fastmarkets on Friday April 3.The blast furnace has capacity to produce 2.8 million tonnes of crude steel per year. The Tubar??o unit supplies sl...Read More
Eurofer has requested an immediate reduction of 75% in EU safeguard quotas for imported steel to to support European industry during the crisis caused by the Covid-19 pandemic."Reflecting the unprecedented implosion of the European steel market, the current quota levels need to be drastically reduced immediately for a period of six months, and by about 75% to align them with the devastating situat...Read More
Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, declared force majeure to its clients on Thursday April 2 due to the effects of the Covid-19 pandemic on its operations, in a statement seen by Fastmarkets.The benchmark for the supply of aluminium to...Read More
Dear Friend of GATA and Gold:A friend writes:"Here's a question for you."People like GoldMoney's Alasdair Macleod have stated that China has 20,000 to 25,000 tonnes of gold. Does this total refer just to the People's Bank of China or does it include all the gold that the central bank and the people of China have?"Is it possible that the total is much higher -- that the central bank has 20,000 to...Read More
Dave Kranzler"Bad money drives out good money." When Gresham put forth this proposition, sovereigns were diluting gold and silver coins with metals of lesser value yet the diluted coins were given the same value for legal tender purposes as the more pure coins. Gresham observed that the more pure coins would be hoarded and the lesser value coins would be used for trade.Sound familiar? Go fin...Read More
By: Ira EpsteinGold's long-term chart shows the support at the 18-week average, market remains in a positive posture from the bounce, back to challenging its highs.https://www.iraepstein.comRead More