SHANGHAI, May 15 (SMM) – Most nonferrous metals rose on Tuesday May 15 except for SHFE copper and lead. SHFE nickel led the gains and closed 1.7% higher. Aluminium, zinc, and tin went up slightly. The ferrous complex rose across the board with coke leading the gains with a rise of over 1%. Coking coal increased nearly 1%, hot-rolled coil gained 0.7%, while rebar and iron ore inched up.C...Read More
COLORADO SPRINGS, May 15, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced it has been granted a positive Record of Decision (ROD) on the Environmental Assessment (EA) for the Isabella Pearl open pit heap leach gold project (Project) located in Mineral County, Nevada. This final permit, along with approval from the Company's Board of Dire...Read More
For example, a project costing US$474 million to build that generates annual earnings of $270 million (EBITDA) for 3-4 decades.Read More
Gains in the billet and futures markets on Tuesday May 15 gave domestic rebar prices in China a small boost.Domestic Eastern China (Shanghai): 3,980-4,030 yuan ($628-636) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,940-3,970 yuan per tonne, narrowed upward by 10 yuan per tonne Traders raised their prices following gains in the futures market during Monday's night trading session as...Read More
Gold has been consolidating above the psychological $1,300 mark. Will that consolidation end today?Continue...Read More
It said more than 40 holes would be drilled for about 7,000m at Elan South, with the focus on expanding Elan's JORC resources and refining the coal quality definition through extensive testing of samples extracted from large-diameter cores.The company has appointed a drilling contractor which will start in June, and a road construction contractor.It also aims to start drilling at the Panorama Nort...Read More
Toronto, Ontario (May 15, 2018) - Mega Uranium Ltd. (TSX: MGA) announces that it has refiled its management's discussion and analysis ("Annual MD&A") and annual information form ("AIF"), in each case for the financial year ended September 30, 2017, and its management's discussion and analysis for three-month period ended December 31, 2017 ("Q1 MD&A"), at the request of the Ontario Securities Commi...Read More
Turkish steel producers broke their silence in the deep-sea scrap markets with the purchase of a UK cargo on Tuesday May 15.A steel mill in the Marmara region booked the cargo, comprising 44,000 tonnes of HMS 1&2 (80:20) at $345 per tonne and 22,000 tonnes of shredded at $366 per tonne cfr.Shredded scrap usually trades at a $5 per tonne premium over HMS 1&2 (80:20), but the supplier said that the...Read More
SHANGHAI, May 15 (SMM) –Copper: LME copper plummeted to a low of $6,850/mt last night as LME copper inventory grew 8,900 mt. This was the first increase in inventory after close to two weeks of decline. LME copper stood below the five-day moving average with significant pressure from several moving averages above. It is likely to trade at $6,850-6,900/mt today. The SHFE 1807 contract was dra...Read More
It said Tuesday the JORC-compliant PGM resource had grown 53% to 1.45 million ounces, with the global ore volume up 50% to 34.5 million tonnes at 1.3g/t PGM and gold.In the rest of the commodity basket, the nickel resource rose 28% to 140 million pounds (635 tonnes), the copper resource was up 11% to 26Mlb and the cobalt resource increased 4% to 6.7Mlb.Jangada said there was potential to increase...Read More
RAPAPORT... The Gemological Institute ofAmerica (GIA) has advanced its Mine to Market (M2M) diamond-tracking programbeyond the pilot stage, the grading center said Monday. The GIA has signed up"dozens" of retailers, several manufacturers and the majority of rough-diamondproducers to its initiative so far, it said. Through the pilot, the organization has already processed thousands of r...Read More
Physical iron ore prices fell on Tuesday May 15, even though steel prices increased.Metal Bulletin 62% Fe Iron Ore Index: $67.28 per tonne cfr Qingdao, down by $1.65 per tonne Metal Bulletin 58% Fe Premium Index: $54.56 per tonne cfr Qingdao, down by $1.14 per tonne Metal Bulletin 65% Fe Iron Ore Index: $86.30 per tonne cfr Qingdao, up by $0.90 per tonne Metal Bulletin 62% Fe China Port Price Inde...Read More
During the March quarter, the mine ran at a rate of 3.6 million tonnes per annum, outperforming its 3Mtpa nameplate capacity.Read More
(IDEX Online) - Mountain Province Diamonds Inc. has appointed outgoing Firestone Diamonds Plc CEO Stuart Brown as its new President and Chief Executive Officer with effect from July 1. Firestone Diamonds on Monday announced the appointment of Paul Bosma to replace Stuart Brown as CEO from 1 July following Brown's decision to step down as CEO and company director. Brown has been...Read More
COLORADO SPRINGS, May 15, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced it has been granted a positive Record of Decision (ROD) on the Environmental Assessment (EA) for the Isabella Pearl open pit heap leach gold project (Project) located in Mineral County, Nevada. This final permit, along with approval from the Company's Board of Dire...Read More
JOHANNESBURG – Botswana’s President, Mokgweetsi Masisi, wants a new long-term diamond-sales pact with De Beers when the current ten-year deal expires in 2020 and for more gems to be processed locally.The conclusion of an accord is crucial for both Botswana, which relies on diamonds for almost a fifth of its gross domestic product, and for the Anglo American unit that gets about two-thi...Read More
China's ferrous futures all opened high but went on to tank during morning trading on Tuesday May 15, following the release of data pointing to a high supply of steel in the country.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,656 yuan ($577) per tonne, down 47 yuan per tonne October hot-rolled coil: 3,763 yuan per tonne, down 26 yuan per tonne Dalian Commodi...Read More
RAPAPORT... Spence Diamonds has appointed Frank Hamlin as its first chief marketing officer. Hamlin (pictured) was previously executive vice president and chiefmarketing officer of Tailored Brands, a menswear retail group. The hire follows a significant investment in its brand marketing, Spence reported. "Frank brings with him a proven track record for drivingtraffic, increasi...Read More
(IDEX Online) - Botswana's President, Mokgweetsi Masisi, is looking for a new long-term diamond deal with De Beers when the sides' current 10-year deal expires in 2020 which will include provisions for more stones to be cut and polished domestically. Both Botswana and De Beers have a strong incentive to reach a deal: Diamonds are a critical part of Botswana's gross domestic product and...Read More