Hong Kong trading house Noble Group Holdings will close its base metals and rare earths trading desks as part of widespread board-mandated staffing cuts, informed sources told Fastmarkets. Noble's board is said to have agreed on a directive for a major cut to headcount across the business, with traders informed that they would be let go on Monday and Tuesday this week. "They are blaming Covid-19 b...Read More
Spot cobalt hydroxide deals are being concluded on a fixed-price basis while buyers and sellers seek to shield themselves from market volatility expected to come from measures taken to curb the global spread of the coronavirus.News late last month that South Africa would enter a 21-day lockdown created uncertainty over the supply of cobalt hydroxide in the coming weeks and months. About 65% of the...Read More
The lockdown in South Africa has sparked a sharp rise in seaborne manganese ore prices in China, whereas the chrome ore market has lagged behind due to different end uses, slower portside price movements and high stocks. South Africa has been under a nationwide lockdown since Thursday March 26, implemented to prevent the spread of the Covid-19 virus. The country's metals and mining operations...Read More
The European Commission has imposed anti-dumping duties on imports of hot-rolled stainless steel products originating in China, Taiwan and Indonesia into the European Union, it announced on Tuesday April 7.The provisional duties relate to an investigation started on August 12, 2019, following the European Steel Association Eurofer's complaint lodged two months earlier.The investigation applies to,...Read More
China Certification & Inspection Group's (CCIC) Japanese unit has suspended operations after Prime Minister Shinzo Abe declared a state of national emergency in major areas of Japan in response to the spreading Covid-19 virus, Fastmarkets learned. On Tuesday April 7, the Japanese government announced a month-long national emergency in Tokyo, Osaka, Fukuoka and four other prefectures.CCIC Japa...Read More
An overview of the noble alloys markets and the reasons for any price moves.Read More
Rio Tinto (NYSE: RIO; LSE: RIO) Chairman Simon Thompson told shareholders the company will proceed with a dividend payment announced in February of $2.31 per share, or $3.7 billion, and that the payment will be made on April 16, Reuters reported today."We took this decision because Rio Tinto has a strong balance sheet, our operations are running safely and our order book for iron ore is full," Reu...Read More
Canada's Cameco (TSX: CCO; NYSE: CCJ), the world's largest publicly traded uranium miner, is placing its plant at the Port Hope conversion facility in Ontario in a temporary safe shutdown state for four weeks.The move comes as the company faces the increasing challenge of maintaining an adequate workforce as a result of screening protocols and other measures put in place to combat the COVID-19 pan...Read More
Amid the current coronavirus crisis, could these 3 ASX gold shares be a good long-term buy? The post Can ASX 200 gold shares boost your returns amid the coronavirus crisis? appeared first on Motley Fool Australia.Read full newsRead More
Gold hit a new high for the move to $1714 and a new closing high of $1707. Additional charts explain the significance. Next Major Resistance Gold's nRead full newsRead More
The Alaska Department of Health and Social Services reported Monday morning six new cases of COVID-19 and three new hospitalizations in Alaska Monday, bringing the total case count to 191.Read full newsRead More
This podcast is part of our Technology Sector CEO interview series, and our mission going forward is to help listeners and investors understand more about investment opportunities in the public marketplace. According to Statista, global ecommerce sales will hit over $2.8 trillion dollars, with 60 percent occurring on a desktop computer and 40 percent happening on a mobile device. Augmented reali...Read More
""There was a spike in volume because..people saw what was going on with the US stock market having such violent swings with pressure to the downside"See these #Junior #Silver #Gold #Mining companies:$NLR $RYO $AUX $VSR $SSE $CBI $SMN $CCW#MomentumStockshttps://t.co/kvQ5x12XcG"Read full newsRead More
""#Gold and gold stocks have bounced back pretty nicely over the last couple of days, so it's very possible that the worst is over for gold and gold #stocks and the recovery has begun" ???(C)See these:$NLR $RYO $AUX $CLM $VSR $CBI $SMN $CCW#MomentumStockshttps://t.co/STtdtaW4L2"Read full newsRead More
Bullfrog Gold Corp (OTCQB:BFGC; CSE:BFG) is pleased to announce a drill program at its Bullfrog Project.Read full newsRead More
Coal-fired power plant in China. (Image source: Adobe Stock) Global coal production is expected to grow only marginally in 2020, from 8.13 billion tonnes in 2019 to 8.17 billion tonnes in 2020, a growth of only 0.5% after three consecutive yearly increases, due to the disruptions caused by the coronavirus pandemic, says GlobalData.According to the analytics company, disruption has been most signi...Read More
2017 Dixie Lake drilling in Ontario's Red Lake District - Image courtesy of Great Bear Resources. Great Bear Resources has released a new batch of drill results from the ongoing C$21-million drill program at its Dixie project in northern Ontario. The assays continue to return good gold grades and show good continuity of mineralization at the LP Fault target on drill spacing of 25 to 100 metre ce...Read More
Truck maintenance at Detour Lake. Image from Kirkland Lake Gold. In the first quarter of this year, Kirkland Lake Gold produced 330,864 oz. of gold, an 18% increase from 279,742 oz. generated in the prior quarter, largely driven by a contribution from the Detour open pit in Ontario, following closing of company's acquisition of Detour Gold at the end of January.The Detour mine contributed 91,...Read More
Wartsila 32TS generating sets Credit: Wartsila Technology group Wartsila will provide the engineering, equipment, and technical advice for a 44 MW power plant at the Mansourah & Massarah gold project in Saudi Arabia. It will be the first power project in the country a hybrid concept, with engine technology and solar energy. It will be the first power project in the country utilizing a hybrid co...Read More
Wallbridge Mining's Broken Hammer copper-nickel-PGM mine near Sudbury, Ontario. Credit: Wallbridge Mining Wallbridge Mining Company (TSX: WM) has announced that in response to the latest covid-19 plans from the provincial governments, exploration activities at the Fenelon gold project in Qu?(C)bec as well as operations in Ontario will remain suspended until at least May 4. Originally, these opera...Read More