Desert Hawk is a US subsidiary of Meadow Bay Gold Corp (CSE: MAY), which owns the Atlanta project said to have produced 110,000 ounces of gold and 800,000oz of silver between 1975-1985.Read More

Among the highlights, TMAC hit 0.66m at 2,710g/t gold, within a broader 7.1m at 261.4g/t at Doris North BTD; and 50m at 12.9g/t at Madrid North.The company said despite only C$8 million (US$6 million) budgeted for drilling in 2018, it had reported "significant success thus far".The same day, TMAC also announced record processing plant results at Hope Bay for May and plans to improve its balance sh...Read More

Atlas shares closed at 3.6c on Friday and traded as high as 4.6c last Wednesday amid corporate interest by Mineral Resources, Hancock and Fortescue Metals Group.Hancock said its offer represented a superior value proposal for Atlas shareholders relative to the previously announced scrip takeover by Mineral Resources, representing a 41% premium to the implied value of the MinRes proposal as of clos...Read More

In an exclusive interview with Mining Journal, Russian-born businessman and Chaarat director Artem Volynets said he hoped Centerra management "will take its head out of the sand and start negotiating".Read More

The mining sector on London's FTSE100 index ended more than 4% lower on Friday.Among the diversifieds, Rio Tinto (LSE: RIO) had closed down 4.15%, Glencore (LSE: GLEN) was down 4.32% and Anglo American (LSE: AAL) was 4.24% lower.Gold miner Randgold Resources (LSE: RRS) also fell, closing down 3.94%, and copper producer Antofagasta (LSE:ANTO) was off 4.13%.BHP was less impacted in Australian trade...Read More

Lucapa and its partners, Empresa Nacional de Diamantes and Rosas & Petalas, said the sale of the alluvial diamonds recovered from mining blocks four and six generated an average price of $1,150 per carat.The sale took the gross sales proceeds from Lulo so far this year to $15.9 million at an average price of $1,642/ct.The sale excluded a number of large white specials stones and a coloured spe...Read More

According to Credit Suisse's analysis, a potential 1.6 million tonnes of additional copper production is on the cards from significant development in the period 2020-2022, an amount that's somewhere in the order of double what was previously being factored-in for that timeframe.Read More

The latest metals news and price moves to start the North American day on Monday June 18.Base metals on the London Metal Exchange were mostly higher during morning trading on Monday June 18 despite pressure from another surge in the dollar index.Here's how...Read More

South32 will acquire the remaining 83% stake in junior zinc miner Arizona Mining for $1.3 billion in cash, the company said on Monday June 18. At an offer price of C$6.20 ($4.70) per share, South32 will pay a 50% premium over the Arizona Mining closing price on Friday June 15, it said. Arizona mining is the owner of the greenfield Hermosa project, which includes a zinc-lead-silver sulfide deposit...Read More

An overview of the battery raw materials markets and their price moves from the past week. Read More

Crude steel production in Argentina grew by 11.2% year on year in May, according to figures released by national steel association Acero Argentino on Monday June 18. Production totaled 438,100 tonnes versus 394,100 tonnes in the same period last year. But May's crude steel output declined by 5.4% sequentially from 463,000 tonnes.The automotive...Read More

Buying activity in the CIS export billet market was muted on Monday June 18 with most customers assessing the situation after the long weekend in the Middle East and parts of Africa marked the end of the Islamic holy month of Ramadan.Offers from CIS mills were limited too. Several Ukraine-based mills offered billet in a range of $520-525 per tonne fob Black Sea, while other suppliers are expected...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. ...Read More

Coated coil prices in Turkey increased this week on improved demand and increasing production costs, sources told Metal Bulletin on Monday June 18.Domestic prices One northern Turkish producer was offering 0.50mm hot-dipped galvanized coil (HDG) at $755-760 per tonne ex-works, up from $745-750 per tonne ex-works last week. Another northern producer was offering the product at $800 per tonne ex-wor...Read More

Flat steel prices in Turkey's domestic and import markets were mixed this week, with demand improving in the export market and pushing prices up, sources told Metal Bulletin on Monday June 18.Domestic producers are accepting orders for August production, while the export markets experienced good demand.Domestic prices Hot-rolled coil (HRC) producers in Turkey sold material at $600-610 per tonne ex...Read More

Imports of various carbon and stainless steel products from China pose a "real risk" of harm to Taiwan's domestic steel industry, according to a preliminary ruling by the territory's Ministry of Economic Affairs.Although Chinese steel imports had not materially harmed Taiwan's domestic industry, they still present a "threat" of material injury, the ministry's International Trade Commission said on...Read More

The industry has been given 30 days to comment on it before it is gazetted, with a summit to be held in two weeks' time to discuss the draft.Read More

Import prices for rebar in Singapore were up slightly over the past week on continued spot demand in the market.There continued to be some demand, with major fabricators in the spot market enquiring about spot cargoes."Singapore buyers continue to bid at $540-550 per tonne cfr Singapore. However, they are not expected to budge at anything above this price this week," an industry source in Singapor...Read More

RAPAPORT... New York-based Global Diamond Group has refused to return a 30-carat pink diamond in an attempt to force the stone's majority owner into a buyoutdeal, according to a lawsuit.Global, which has the diamond on memo, held the stone"hostage" so that L.J. West Diamonds would buy its 15% stake in the diamond, L.J. West alleged in a June 14 filing at the Supreme Court of the State of NewYork....Read More

RAPAPORT... Lucapa Diamond Company brought in $2 million from a sale ofrough diamonds originating at its Lulo mine in Angola, it said Monday. The miner sold 1,782 carats for an average price of $1,150per carat. The sale did not include several white stones and one coloreddiamond weighing more than 10.8 carats that it plans to sell at a future date. Overall, Lucapa has sold $15.9 million of goods i...Read More