"Check out this rock from Burgundy Ridge on the Newmont Lake Property . Intense copper oxidation resulting in the malachite seen below -- @CLMCorp #britishcolumbia #geoscience #minerals #malachite #copper #mining #mineralexploration #goldentriangle #BurgundyRidge #NewmontLake"Read full newsRead More
"Bluestone Drilling Delivers 13.7 meters grading 11.2 g/t Au & 78 g/t Ag (13.1 meters true width) -- #bluestoneresources #gold #mine #momentumstocks #bsr #cerroblanco #exploration #goldcorp #mining #mita --Read the News Release here: https://t.co/FuAN7hufAc"Read full newsRead More
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"Lydian's Amulsar gold project is slightly closer to getting off the ground due to local court decisions, giving its owner a boost while the gold price is skyrocketing. https://t.co/6jUkmT5OV3 @LydianIntn #gold #armenia #investing #stocks"Read full newsRead More
The London Metal Exchange three-month zinc price was lower at the close of trading on Thursday August 22, a day in which trading ranged $2,230-2,290 per tonne, while the backwardation in the nickel forward spread widened to its highest since 2015. The galvanizing metal closed trading at $2,245 per tonne, falling some 1.8% from an intraday high of $2,287 per tonne and from $2,285 per tonne at Wedne...Read More
Switzerland-based AfriMet Resources has launched the world's newest tin book, targeting tin trading and project investment with the support of steel specialist Vanomet Holding AG. Trading house AfriMet plans to target long-term tin projects in Africa, which has long been a large tin resource. A recent drive of production in the region, such as Alphamin Resources' Bisie tin mine in the Democratic R...Read More
Global refined zinc usage dropped slightly in the month of June while mine production rose by 1.9% in the first half of 2019. According to the latest International Lead & Zinc Study Group (ILZSG) report dated Wednesday August 21, refined zinc consumption totaled 1.1207 million tonnes in June this year compared with 1.1465 million tonnes in May and 1.1939 million tonnes in April. The ILZSG did not...Read More
Bob Moriarty ArchivesAug 22, 2019Goliath Resources (GOT-V)released an interesting press release on August 15th that doubled the price of the shares in the next week. The company drilled a 718-meter hole, limited only by the constraints on the drill, that hit mineralized material right from surface for the entire length of the core. If it runs the expected gold/copper/silver/moly that they were fin...Read More
The Qingdao Intermediate People's Court has put up for sale a significant quantity of aluminium ingots and copper cathodes impounded in 2014 during a government crackdown over the misuse of collateral for financing metals in Qingdao. A total 87,100 tonnes of aluminium ingots, 63,585 tonnes of alumina and 12,368 tonnes of copper cathodes have been listed to be auctioned this month, according to a n...Read More
"The question now is whether mining share prices fully reflect the risk of a cyclical downturn in commodity markets as the risk of a downturn has clearly increased, with the ongoing trade wars as a potential catalyst," analysts at Jefferies said this week.Bernstein's team compared the current demand-side situation to that of early 2015: "Chinese economic growth is cooling, prompting fears of a glo...Read More
A summary of South32's earnings and production results for its 2019 financial year ended June 30. In brief: South32's underlying adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) declined by 13% to $2.2 billion in its 2019 financial year. Underlying earnings decreased by 25% to $992 million. Lower aluminium and thermal coal prices more than offset stronger prices for...Read More
The fall was largely the result of a $504 million impairment on the company's South Africa Energy Coal division.Read More
Recent large-scale production suspensions by antimony producers in central China's Hunan province have partly offset the negative effects of the recent announcement of an auction for the entire antimony stock held in the defunct Fanya Metal Exchange, market sources told Fastmarkets. Fastmarkets assessed the price for antimony, MMTA standard-grade II, ddp China at 36,500-37,500 yuan ($5,168-5,...Read More
No affect in gold and silver price after the FOMC minutes. Traders are still hooked to US-China trade relations, slowdown and central banks bunking US dollar. Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts. In my view, Trump will start a currency war by forcing Federal...Read More
Cobalt metal prices in China softened this week amid lackluster demand, but tight availability of certain domestic brands of the blue metal has limited the downward move.Fastmarkets assessed the price of cobalt 99.8% Co min, exw China at 260,000-280,000 yuan per tonne ($14.78-15.91 per lb, minus China value-added tax) on Wednesday August 21, widening downward by 10,000 yuan per tonne from 270,000-...Read More
News of a fresh cargo traded out of Europe has broken the silence in the Turkish deep-sea scrap market and confirmed the latest assessments of price levels, sources said on Thursday August 22.A steel mill in Turkey booked a European cargo, comprising 16,000 tonnes of HMS 1&2 (80:20) at $275 per tonne and 4,000 tonnes of bonus at $285 per tonne cfr.This compared with the previous European cargo sol...Read More
(Kitco News) - We have breached the first level, $1,350 an ounce, needed for gold to climb to $3,000, said Dan Oliver, founder of Myrmikan Capital. "There's a lot of pressure into gold, and we've just barely begun this cycle," Oliver told Kitco News. Oliver noted that once gold had broken above $1,350 an ounce, institutional investors started to pay more attention, especially once heavyweight fun...Read More
Cobalt metal prices in China softened this week amid lackluster demand, but tight availability of certain domestic brands of the blue metal has limited the downward move.Fastmarkets assessed the price of cobalt 99.8% Co min, exw China at 260,000-280,000 yuan per tonne ($14.78-15.91 per lb, minus China value-added tax) on Wednesday August 21, widening downward by 10,000 yuan per tonne from 270,000-...Read More
They say Hollywood is to blame.They say producers played it "fast and loose" with the technical details.But even if that were the case, it doesn't change the fact that the 1986 Chernobyl disaster was caused by human error that resulted in nearly 20,000 cases of confirmed thyroid cancer with no real accurate tally of deaths connected to the accident.To put that in perspective, that's more than twic...Read More
European flat steel producers have increased their official offer prices for hot-rolled coil (HRC), but buyers doubt that transaction prices will increase, sources told Fastmarkets on Thursday August 22.Market activity has been slow this week due to the seasonal slowdown. Although market activity traditionally starts to recover in late August-early September, buyers doubt that the rebound in deman...Read More