Bluejay Mining (AIM: JAY) announced this week that, after three-year fieldwork studies, the Environmental Impact Assessment for its Dundas ilmenite project in Greenland is now completed and the operation is about to enter the final stages of permitting.In a press release, the London-based company said it is now working on the collection and collation of data for its Social Impact Assessment, which...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More
(Updates prices) * Palladium on track for worst week since mid-July * Silver set for biggest daily decline in about two weeksBy Karthika Suresh NamboothiriNov 23 (Reuters) - Gold fell on Friday as the dollarregained momentum and an improvement in risk sentiment liftedstock markets in Europe.Spot gold fell 0.4 percent to $1,221.71 per ounce at1317 GMT, while U.S. gold futures for December deliveryw...Read More
A fall to a new low on November 14.A rejection of the downside.The trend continues to be lower.$15.07 can change the trend.USLV and DSLV for those who do not trade futures.Silver has a long history as a volatile metal that moves more on a percentage basis than gold. Market speculators tend to flock to the silver market when it begins to develop a trend which typically starts with the break of tech...Read More
(Updates with closing prices)By Peter Hobson and Mai NguyenLONDON, Nov 23 (Reuters) - Nickel prices on Friday touchedtheir lowest since October last year, pulled down by worriesabout a supply surplus in 2019 and weaker demand from China, thelargest consumer of the metal.Most other base metal prices also fell sharply on concernsthat U.S.-China trade talks next week could fail, leading toweaker econ...Read More
Shares in Galantas Gold (TSX, LON:GAL) climbed more than 30% in London on Friday after a court of appeal dismissed a challenge to a Northern Ireland judge's approval of work at the company's Omagh gold project.Mining is already underway at Omagh, but once it reaches commercial production it's expected to produce 30,000 ounces of gold concentrate per year.The company stated the court ruled that...Read More
Shares in Galantas Gold (TSX, LON:GAL) climbed more than 30% in London on Friday after a court of appeal dismissed a challenge to a Northern Ireland judge's approval of work at the company's Omagh gold project.Mining is already underway at Omagh, but once it reaches commercial production it's expected to produce 30,000 ounces of gold concentrate per year.The company stated the court ruled that...Read More
Shares in Mexican miners and companies with operations in the country were severely hit this week, as leftist President-elect Andres Manuel Lopez Obrador is expected to approve proposed legislation that could restrict mining activity in the country.Early this week, parliament members belonging to the National Regeneration Movement (MORENA) party tabled bills to include environmental and indigenous...Read More
Benefiting from mixed Asian equities and a broadly subdued US dollar. Upside may be capped by Thanksgiving thin trades and positive Treasury yields. Gold (futures on Comex) found buyers in Asia once again near the 1227 level, now heading back towards the two-week tops of 1229.70 reached a day before. The yellow metal remains on the front foot so far this Friday, as the US dollar extends its sof...Read More
Published 22 Hours AgoUpdated8 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold fell on Friday as the dollar regained momentum and an improvement in risk sentiment lifted stock markets in Europe, denting bullion's appeal.Spot gold was 0.3 percent lower at $1,222.54 per ounce. U.S. gold futures for December delivery fell 0.4 percent to $1,223 per ounce."It's really the dollar's move...Read More
Published 22 Hours AgoUpdated8 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold fell on Friday as the dollar regained momentum and an improvement in risk sentiment lifted stock markets in Europe, denting bullion's appeal.Spot gold was 0.3 percent lower at $1,222.54 per ounce. U.S. gold futures for December delivery fell 0.4 percent to $1,223 per ounce."It's really the dollar's move...Read More
An INK Research review of filings by insiders at Bombardier (Unranked; BBD.B) for August 15th transactions relating to its announced Automatic Securities Dispositions Plan (ASDP) raises a number of questions with respect to ownership changes.According to descriptions of insider ownership types provided by the System for Electronic Disclosure by Insiders (SEDI) in the document Ownership types & re...Read More
Regulators and law enforcement are keeping a closer eye on crypto. The price of bitcoin collapsed this week to levels the cryptocurrency hasn't seen since approximately October 2017, prior to a hot streak that pushed up the price of one coin to more than $17,000 in mid-December of last year. Amid price volatility, bitcoin was trading at approximately $4,400 as of Wednesday afternoon. Crypto...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday November 22, with quiet trading continuing to keep prices broadly stable. Nickel's three-month price continued its downtrend, closing below $11,000 per tonne for the first time since December 2017; upward price action continues to be limited by slow Chinese stainless steel production. Additionally, the I...Read More
Alufer Mining's first shipment of bauxite from its Bel Air project in Guinea has arrived in China, the company said on Thursday November 22. The shipment, totaling 203,009 tonnes, was shipped to Qingdao port in China after being sold to Aluminum Corp of China (Chalco) - the country's largest alumina and primary aluminium producer. The Bel Air mine is on on track to produce 5.5 million tonnes per y...Read More
The majority of base metals prices on the London Metal Exchange were rangebound during morning trading on Thursday November 22 while overall volumes remain light. Holding gains made at Wednesday's close, the three-month lead price remained above $2,000 per tonne amid continued outflows in LME stock - which remain at nine-year lows - and strong demand from the lead-acid battery sector. Similarly, z...Read More
European stocks traded lower Thursday, although volumes were low owing to the U.S. Thanksgiving holiday, as investors took a cautious stance ahead of a key weekend summit on Brexit and the ongoing budget standoff between Rome and Brussels. However, news that British and EU negotiators had reached an agreement on the draft text of a deal that will both establish Britain's EU exit procedures...Read More
Alufer Mining's first shipment of bauxite from its Bel Air project in Guinea has arrived in China, the company said on Thursday November 22. The shipment, totaling 203,009 tonnes, was shipped to Qingdao port in China after being sold to Aluminum Corp of China (Chalco) - the country's largest alumina and primary aluminium producer. The Bel Air mine is on on track to produce 5.5 million tonnes per y...Read More
The price of cobalt sulfate in China continued to fall this week amid slow trades and aggressive buyer bidding. At the same time, a number of producers told Fastmarkets that they have stopped offering material into the market because prices are below levels at which they can make a profit. Fastmarkets assessed the price of cobalt sulfate (Co 20.5% min) in China on an ex-works basis at 74,000-78,00...Read More
Turkish steel producers have resumed their deep-sea scrap purchases after getting lower prices from Europe, sources said on Thursday November 22.The mills in the country were looking for lower prices for scrap because of their fears of renewed product outflows from China and consequently weakening prices for rebar.A steel mill broke the...Read More