Russian miner Nordgold (LON:NORD) has received a fresh 15-year mining permit for its Lefa mine in Guinea, where it plans to invest more than $360 million to continue developing the asset, one of the country's largest gold producing mines.The new licence, effective from March 21, is valid until 2034, in line with Lefa's current life-of-mine.Nordgold, which spun off of Russian steelmaker Severstal i...Read More

Published 23 Hours AgoUpdated7 Hours AgoReuters Getty ImagesGold prices edged higher on Thursday, helped by concerns over the U.S.-China trade dispute and its potential impact on global growth.Spot gold rose 0.33 percent to $1,310.08 an ounce at 1:10 p.m. ET after touching its lowest since Jan. 29 at $1,302.11.U.S. gold futures were down 0.05 percent at $1,313.80.CNBC reported U.S. President Dona...Read More

HighlightsDRA has entered into a merger agreement with SENET, a leading African project management and engineering firm to create one of the largest project delivery and operations management companies on the continent.SENET specialises in mineral processing project delivery and has successfully delivered gold, copper, cobalt, uranium, and iron ore projects throughout Africa. The complimentary mer...Read More

Metso has opened a new Competence Center for mining in China (CCC). Located in Hunan province in central China, the center focuses on developing and manufacturing solutions for the fast-changing Chinese mining market.We sat down with the head of the CCC, Yiqiang Zhang, and asked him to tell a bit more about the center and his views on the mining industry in China.Why was the CCC established and wh...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average gave up slim gains on Wednesday after closing with gains for three consecutive sessions. The S&P 500 ended a five-day win streak.General Motors Co. (GM) reported stronger-than-expected fourth-quarter earnings and confirmed its 2019 profit outlook. Shares rose 1.6%.Walt Disney Co. (DIS)  ...Read More

Copper's three-month price on the London Metal Exchange continued on an upward trend at the close of trading on Wednesday February 6, maintaining its strong advance toward a price of $6,300 per tonne amid low liquidity because of a national holiday in China.Volumes traded were moderate over the day, with copper's 12,936 lots topping the complex. The metal also benefitted from a fresh cancelation o...Read More

US market participants eyed premium increases on nickel cut-cathodes after local supply ran short in the week to Tuesday February 5, while European demand was focused on briquettes, boosting premiums by 4% at the midpoint of Fastmarkets' range. Slight gain in the US briquette premium, but cut-cathode premium pulls further ahead European nickel briquette premium rises to 4% week on week to $2...Read More

Zinc and lead premiums in all regions were unchanged over the past week while Chinese participants were sidelined due to the Lunar New Year (February 4-10). European zinc premium market stable.  US lead and zinc markets unchanged despite strong demand.  India lead premiums flat amid weak spot market activity. European zinc premiums stable, no delivery seen despite big cancelations Europ...Read More

Ghana Manganese has been ordered to cease operations by Ghana's minister of lands and natural resources due to inconclusive data.The operation is Ghana's sole manganese producer and a subsidiary of Consmin, which was bought by China's Ningxia Tianyuan Manganese in 2016.The company has been given until February...Read More

A tough financing environment has remained pervasive despite the talk of how bare the reserve cupboards are.Read More

Turkish deep-sea scrap import prices were stable on Wednesday February 6 despite news of a freshly booked cargo, sources told Fastmarkets.A steel mill in the Marmara region booked a European cargo comprising 12,000 tonnes of shredded at $328 per tonne cfr and 6,000 tonnes of busheling at $359 per tonne cfr for March shipment.Offer prices...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday February 6 that are worth another look.Brazilian miner Vale has declared force majeure on a number of iron ore and pellet contracts with customers following the halt of its Brucutu mine in the state of Minas Gerais, the company said on Tuesday February 5. Ghana Manganese has been ordered to cease operations by Ghana'...Read More

The US copper market saw continued buying strength in morning trading on Wednesday February 6 with industry participants awaiting upcoming global trade talks. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 2.55 cents to $2.8425 per lb. "Senior US and Chinese officials are expected to start another round of trade talks in Beijing next week, wi...Read More

International mining companies that oppose the new mining code in the Democratic Republic of Congo (DRC) are a lot closer to resolving their outstanding issues than they were a year-ago, but work remains to be done, according to the chief executive officer of Canadian miner Barrick.Mark Bristow, who took over at Barrick after its $18.3 billion merger with Randgold Resources was completed at the st...Read More

International mining companies that oppose the new mining code in the Democratic Republic of Congo (DRC) are a lot closer to resolving their outstanding issues than they were a year-ago, but work remains to be done, according to the chief executive officer of Canadian miner Barrick.Mark Bristow, who took over at Barrick after its $18.3 billion merger with Randgold Resources was completed at the st...Read More

ArcelorMittal Brasil intends to reduce its primary production of crude steel at its electric-arc furnace (EAF) in Barra Mansa city, in Brazil's south-eastern Rio de Janeiro state."We have recently announced a temporary reduction in primary steelmaking activity at our Barra Mansa site," ArcelorMittal told Fastmarkets on Wednesday February 6."There will be no effect on finished steel production from...Read More

The price for rebar produced and delivered in Southern Europe remained flat on Wednesday February 6, while market participants absorbed the implications of new import quotas that in some cases may have already been fully allocated.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe stayed at ?,?510-520 ($582-594) per tonne delivered on Wednesday, but prices could soon come u...Read More

The Wednesday Market Minute Global stocks drift lower as investors find little detail on trade and policy from President Donald Trump's State of the Union address.European stocks slide as Germany's powerful manufacturing sector sees a slump in industrial orders and luxury carmaker Daimler cites global trade tariffs as operating profits fall 22%.Oil prices retreat as the dollar rides modest gains...Read More

European prices for mesh-quality wire rod stayed flat across the continent on Wednesday February 6, with the initial reaction to the European Commission's (EC) new import quotas suggesting an uncertain supply picture for the rest of the first quarter of 2019.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Northern and Southern Europe stayed at ?,?530-550 ($605-628)...Read More

The environmental secretariat of Brazil's southeastern Minas Gerais state, Semad, has suspended a license granted in 2015 for Vale to operate the Laranjeiras tailings dam, connected to the Brucutu iron ore mine.The decision follows a court ruling that ordered the suspension of the Brucutu mine, according to Vale, and it makes any restart of the mine's operations more difficult."The resumption of t...Read More