Aim-listed BlueRock Diamonds has appointed mining services provider Teichmann South Africa, as a contract miner at its Kareevlei diamond mine, in the Kimberley region of South Africa.The five-year contract is effective July 1.AdvertisementBlueRock announced in May that it was in negotiations with a member of the Teichmann Group to provide the quantity of ore necessary to meet BlueRock’s prod...Read More

The Turkish deep-sea scrap markets went quiet again one day after the sale of a US-origin cargo because the mills were expecting lower prices, sources said on Thursday August 8.A steel mill in the Iskenderun region booked a US cargo of HMS 1&2 (90:10) and shredded at an average price of $294 per tonne cfr on August 7, which sent the daily indices down by almost $4 per tonne on the day.But the mill...Read More

Seaborne coking coal prices largely leveled off on Thursday August 8 after some volatility and relatively active trading earlier this week.A Chinese steelmaker is heard to have bought a Panamax cargo of top brand premium hard coking coal at $171-172 per tonne cfr China, compared with a traded level of $173 per tonne cfr late last week.A lower ranked brand of hard coking coal changed hands at about...Read More

The seaborne iron ore market halted its downward spiral on Thursday August 8, with the return of some buying interest keeping prices from falling for a seventh consecutive trading day. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $94.12 per tonne, up $0.81 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $92.62 per tonne, up $0.81 per tonne.Fastmarke...Read More

Worsening political tensions between Japan and South Korea could result in a supply surge of ferrous scrap in the rest of Asia if Japanese materials are diverted elsewhere in the region as expected."More cargoes of Japanese scrap are expected to be diverted to Vietnam in the near term because South Korea has stepped up radiation checks on inbound cargoes, causing demand from South Korean mills to...Read More

Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsFirst Quantum had two earn-in options with Luminex in Ecuador and said it was assessing whet...Read More

Eastern China's hot-rolled coil prices recovered some losses on Thursday August 8, building on a pick-up in trading activity on Wednesday afternoon.DomesticEastern China (Shanghai): 3,710-3,730 yuan ($526-529) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan): 3,740 yuan per tonne, unchangedA Shanghai-based trader said sellers in the city raised prices to 3,730 yuan per tonne in the morn...Read More

China's rebar futures fell on Thursday August 8 amid downward-spiraling iron ore prices. Spot prices for the long steel product were unchanged during the day, however, with buyers putting off their purchases amid the uncertainties in the market.Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($535-539) per tonne, unchangedNorthern China (Beijing): 3,730-3,760 yuan per tonne, unchangedDeclining...Read More

A 3.3% year-on-year rise in China’s exports in US dollar terms, which was above expectations, has provide some relief to markets, with Asian equities, base metals and precious metals up across the board.How long the more cheerful mood lasts is a moot point when generally the economic data is weak, there seems no let-up in trade disputes and judging by the strength of gold and the yen, and the...Read More

Export prices for Chinese stainless steel experienced an uptick in the past week after the nickel contract on the London Metal Exchange rose above $15,000 per tonne for the first time this year on Tuesday August 6.Concerns in recent days over the possibility that Indonesia's export ban on unprocessed nickel ore would be brought forward from 2022, and disruptions to mining operations in the country...Read More

The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment for selenium, 99.5% Se min, in-whs...Read More

The cobalt price will increase to more than $15 per lb in the near term following Glencore's announcement that it will shut its Mutanda operation by the end of the year, according to BMO Capital Markets managing director of commodities research Colin Hamilton. The cobalt market reacted swiftly to the announcement of the closure on Wednesday August 7 when the trader-miner said Mutanda would be...Read More

The spot price for gallium in China's domestic market edged up on Wednesday August 7 after suppliers were unwilling to sell cargoes below 1,000 yuan ($142) per kg in response to announced production halts by major producers in the country.Fastmarkets assessed the price of gallium 99.99% Ga min, in-whs China at 1,000-1,020 yuan per kg on Wednesday, narrowing upward by 10 yuan per tonne from 990-1,0...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade.Index futures were virtually unchanged following release of the Weekly Initial Jobless Claim report at 8:30 AM EDT. Consensus was an increase to 217,000 from 215,000 last week. Actual was 209,000.Walt Disney added $1.42 to $136.28 after Credit Suisse upgraded the stock to Buy and raised it...Read More

South Korea has stepped up radiation checks on Japanese ferrous scrap imports amid rising political and economic tensions, increasing the likelihood of weaker demand and port congestion in South Korea."South Korean inspectors have been boarding every single vessel transporting Japanese ferrous scrap and taking long periods of time to carry out very strict radiation checks," a source at a Japanese...Read More

August 8, 2019 - Vancouver, BC - It is with profound sadness that ATAC Resources Ltd. ("ATAC") announces the passing of Julia Lane, its Vice President of Exploration. Julia and 24 year old Shawn Kitchen, the pilot of the Alkan Air flight, were casualties in a fatal aircraft accident on August 6, 2019. The C208 Caravan aircraft, operated by Alkan Air of Whitehorse, was lost during a routine service...Read More

Sebnem Duzgun, professor and Fred Banfield Distinguished Endowed Chair of Mining Engineering at Colorado School of Mines, has been awarded funding from the U.S. Department of Energy to apply new machine learning techniques to geothermal exploration.Duzgun will receive $500,000 over 18 months for her project, which was one of 10 nationwide recently selected for DOE funding. Specifically, Duzgun an...Read More

Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsMackenzie took to the public stage in London in late July to publicise his company's respons...Read More

Under the cloud of slumping base metal prices, advanced-stage developer Nevada Copper (TSX: NCU) says it remains on schedule at its wholly-owned Pumpkin Hollow copper project near Yerington in west-central Nevada. The planned underground copper mine is slated for start-up by year-end, with a proposed second-stage, open-pit phase aiming to come online in 2023. The development project is touted by t...Read More

U.S. firms have been atop the industry pursuing precious metals across the globe.The Northern Miner presents its top-10 list of U.S.-based, mid-tier and junior precious metals companies.1. Coeur MiningMarket cap: US$1.3 billionCoeur Mining (NYSE: CDE) is a diversified precious metals producer and owns the silver-gold complex of mines in Chihuahua, Mexico; the Rochester open-pit silver-gold mine in...Read More