Seaborne iron ore prices pushed up on Thursday July 25, with firmer spot trades supporting the increases, sources told Fastmarkets. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $117 per tonne, up $2.03 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $116.92 per tonne, up $2.03 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr...Read More
Prices for seaborne cargoes of premium hard coking coal tumbled on Thursday July 25, with pervading pessimism taking hold of this segment of the market.An August-loading cargo of premium low-vol hard coking coal was traded at $185.50 per tonne cfr China during the day, sources said. This sent the Fastmarkets index for premium hard coking coal, cfr Jingtang to $184.16 per tonne, down $5.62 per tonn...Read More
JOHANNESBURG (miningweekly) – Diversified mining and marketing company Anglo American on Thursday announced its intention to return up to $1-billion to its shareholders through an immediate on-market share buyback programme to reduce the company’s issued share capital.The programme, which will be executed in two $500-million tranches, will end not later than March 31.AdvertisementInves...Read More
RAPAPORT... Shares in Petra Diamonds slipped 6% in early trading Monday after the minerreported it would lower its production for fiscal 2020. The company expects to produce about 3.8 million carats inthe financial year ending June 2020, as opposed to 3.9 million caratsin fiscal 2019, it said Monday. While run-of-mine production is expected toremain flat, the decrease will come from lower pro...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe company said it had sought consultation from the two local First Nations communities earlier this year, with one not responding and Lake Babine Nation stating its "firm opposition".Read More
PERTH (miningweekly.com) – ASX-listed Newfield Resources on Thursday approved the $29.4-million development of the Tongo diamond mine, in Sierra Leone, announcing that it would raise $30.5-million through the issue of unsecured corporate bonds.“We are delighted to have agreed a funding package that allows us to commence construction of the company’s flagship Tongo diamond mine de...Read More
Two Canadian mines will pilot University of British Columbia- (UBC-) led research that combats greenhouse-gas (GHG) emissions by trapping carbon dioxide (CO2) in mine tailings, the waste left over from ore mining.The technology, the UBC says, could drastically reduce the GHG emissions of mining operations and result in the world’s first GHG neutral mine.AdvertisementThe project – a col...Read More
There is some optimism in the markets because US-China trade talks are on the agenda again and expectations are running high for dovish talk from the European Central Bank (ECB) at its meeting later on Thursday July 25.Manufacturing purchasing managers index (PMI) data out on Wednesday was generally negative, apart from a pick-up in Japans figure.Asian equities are showing strength wit...Read More
Gains in the futures market failed to stimulate China's rebar prices on Thursday July 25, with sellers being under pressure to secure orders.Domestic Eastern China (Shanghai): 3,920-3,960 yuan ($570-576) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedWeak demand attributed to bad weather over the past week resulted in rebar inventory levels at mills and the spot...Read More
There is some optimism in the markets because US-China trade talks are on the agenda again and expectations are running high for dovish talk from the European Central Bank (ECB) at its meeting later on Thursday July 25.Manufacturing purchasing managers' index (PMI) data out on Wednesday was generally negative, apart from a pick-up in Japan's figure.Asian equities are showing strength with China's...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade. Index futures were virtually unchanged following release of U.S. economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims is an increase to 219,000 from 216,000 last week. Actual was 206,000. Consensus for June Durable Goods Orders was an increase of 0.5% versus a drop of 1.3% in...Read More
Key data from the Wednesday July 24 pricing session in Shanghai. Key driversThe price of cobalt metal in China is steady so far this week after narrowing upward on July 19 against a backdrop of aggressive speculative buying. But the number of spot trades fell despite active inquiries after investors took a more cautious stance following the increase in prices. Spot availability...Read More
Domestic stainless steel prices in China strengthened over the past week, though the past few days saw some of those gains being shed amid fluctuating nickel futures.Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,900-15,400 yuan ($2,166-2,239) per tonne including value-added tax for the week ended...Read More
Summer is here, and it is HOT. Mind you, this week has been a bit of a reprieve from the oppressive heat, but last week was certainly a scorcher. It got me thinking. When temperatures start rising, so do electric bills. Obviously, where you live plays a big part in how much you end up paying on your monthly electricity bill. Some places like Southern Louisiana for instance, have cheaper electr...Read More
Lake Resources prepares to make a splash in lithium SPONSOREDlake resourcesStars aligning at Stellar for PolarXSPONSOREDpolarxMetro Mining promises low-cost bauxite for Chinese smeltersSPONSOREDmetro miningNamdini moves toward 300,000ozpa realitySPONSOREDcardinal resourcesWestern raised C$3.3 million (US$2.5 million) with a flow-through financing in May to underpin a Read More
Terri Hogue, professor and head of the Civil and Environmental Engineering Department at Colorado School of Mines, has been named the 2020 Robert E. Horton Lecturer in Hydrology by the American Meteorological Society.Hogue is only the second woman ever to earn the recognition, which honors mid-career scientists for outstanding research on topics of interest to both hydrologists and meteorologists....Read More
Lake Resources prepares to make a splash in lithium SPONSOREDlake resourcesStars aligning at Stellar for PolarXSPONSOREDpolarxMetro Mining promises low-cost bauxite for Chinese smeltersSPONSOREDmetro miningNamdini moves toward 300,000ozpa realitySPONSOREDcardinal resourcesLast week, the Perth Mint chief executive rang the closing bell on the NYSE floor to publicise the Mint's listed gold bullion f...Read More
The annual tour of mining camps in the Yukon sponsored by the Yukon Mining Alliance (75%) and the Government of Yukon (25%) never fails to impress, and this year's trip in mid-July was no exception. From visits to family-run placer mining camps in and around Dawson City to daily flights on Alkan Air's nine-seat Cessna Caravans headed to far-flung exploration camps and mine development projects - t...Read More
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With five months to go and the markets still hanging around record highs, ETF experts are naming their top picks to help investors position themselves going into year-end.Read full newsRead More