Merafe Resources' earnings fell by 45% in in the first half of the year due to lower chrome ore and ferro-chrome prices, it said.The South African chrome producer, which runs a joint venture with trader-miner Glencore, reported earnings before interest tax, interest, depreciation and amortization (Ebitda) of 435.1 million rand ($29.44 million) for the first six months of this year, down from 796.3...Read More
Ferro-chrome production cuts are likely due to today's low pricing environment, prompting a rebound in the market when supply surpluses shrink, Merafe Resources said on Monday August 5. The South African chrome producer, which runs a joint venture project with trader-miner Glencore, said price and exchange rate volatility are expected to continue to affect the market while global uncertainty will...Read More
Chinese imports of manganese ore totaled 15.7 million tonnes in the first six months of 2019, up by 27.8% from around 12.3 million tonnes in the corresponding period of 2018, according to official but unconfirmed data seen by Fastmarkets. In June, China imported about 2.03 million tonnes of manganese ore, marking an increase of around 3% from 1.97 million tonnes last June, despite being down by 39...Read More
The Chinese ferro-silicon market was unmoved over the past week, but is expected to weaken in line with soft consumer buying interest and futures prices. In Europe, spot ferro-silicon prices have pared losses against tighter availability, although the bounce may be limited given subdued buying interest from steelmakers. Chinese market prepares for price losses while steelmakers show resistance to...Read More
Metallurgical test work at Integra Resources (TSXV: ITR; US-OTC: IRRZF) DeLamar project in southwestern Idaho shows heap leaching is a viable option for a large percentage of the resource, the company says.Results from test-work at the project's Delamar and Florida Mountain deposits indicates recoveries as high as 85% for gold and up to 50% for silver. The results demonstrated recoveries of 80-90%...Read More
This episode features an interview with Lucara Diamond president and CEO Eira Thomas on the company's response to challenges in the diamond industry, including competition with synthetic diamonds, as well as the need for consolidation in the diamond space, and why the company plans to maintain its 7% dividend. The interview was conducted by Dean McPherson, TMX Group head of business development fo...Read More
Digging for the yellow metal is big business -- and it can add some valuable diversification to your portfolio.Read full newsRead More
Perception of San Juan contamination affecting some farmers in regionRead full newsRead More
Digging for the yellow metal is big business -- and it can add some valuable diversification to your portfolio.Read full newsRead More
Bonterra Resources Inc. (TSXV:BTR, OTCQX:BONXF, FSE:9BR2) is pleased to announce an increase to theRead full newsRead More
Lions Bay Capital Inc. (TSXV:LBI) is pleased to advise that Parkway Minerals NL (Read full newsRead More
Beauce Gold Fields (TSXV:BGF) is pleased to announce the results of a geoelectric tomography survey conducted in the western section of a Beauce Gold property in southern Quebec.Read full newsRead More
Three Wise Men.Three-Act Structures.Three Wishes.Three is a number that has persisted in human culture for as long as anyone can remember. It has been associated with religion, popular culture, math and science, sports, and a number of other fields. I'm willing to bet that, right now, without much thought, you can come up with any number of trios. But can you think of any that have to do with m...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 7.Please click...Read More
Nickel's three-month price on the London Metal Exchange rallied by around 3% after the close of trading on Wednesday August 7, reaching a year-to-date high of $15,500 per tonne in what market participants labelled a broadly technical move.The metal's three-month price settled at $14,810 per tonne by the 5pm close on Wednesday, but was subject to a sudden bout of fresh buying at 5:30pm London time,...Read More
The weaker aluminium premium in the US Midwest reduced the arbitrage opportunities between Southeast Asian warehouses over July, Fastmarkets learned.The aluminium premium in the United States continued to dip into August as well, hitting its lowest since last March.Fastmarkets' assessment of the monthly average midpoint for the aluminium P1020A premium, ddp Midwest US was at $401.02 per tonne...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average climbed out of a nearly 600-point drop to finish mixed, a wild trading day sparked by fears over the U.S.-China trade war. Walt Disney (DIS - Get Report) shares fell after the media powerhouse posted weaker-than-expected third-quarter earnings. Walt Disney is Real Money's Stock of the Day....Read More
Glencore has further cut its copper guidance for 2019 amid a slide in the red metal price, citing a slower-than-expected ramp-up in African copper operations, the trader-miner said on Wednesday August 7. Glencore has reduced its 2019 full-year copper guidance to 1.4 million tonnes, according to its half-year results report released on Wednesday. The reduction comes from a 50,000-tonne cut in the o...Read More
Gold has reached a fresh high in Australian dollar terms today of A$2,224.53/oz and had hit a record high in British pounds on Monday of £1,209.55/oz, Reuters reported.It was above US$1,485 an ounce on the spot market earlier, a level last seen in April 2013.US market indices closed higher but Europe and Toronto ended in the red on Tuesday, while the Australian dollar has slid to its lowest...Read More
While trade war and global growth concerns have kept the price of zinc down, New Century managing director Patrick Walta sees some of the future developments that'll be needed to come on line asRead More