Emirates Global Aluminium has completed construction of the calcination process facility at its Al Taweelah alumina refinery in Abu Dhabi. The Al Taweelah refinery is expected to produce its first alumina in the first half of 2019. At full capacity, it will produce 2 million tonnes of alumina per year, meeting 40% of EGA's alumina requirements. After the completion of the calcination process facil...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comApr 24, 2018The thrill of victory and the agony of defeat. Gold investors focused on the Western markets and government debt fear trade tend to feel the same kinds of thrills and agony that professional athletes regularly experience.Here’s a good example: For a few days, silver soar...Read More
The stock market (per the Dow), after an initial spike up at the open, has sold off continuously today. The sell-off began to accelerate just before 2 p.m. EST on no specific news or event catalysts. So what the heck happened? To begin with, the stock market jumps at the open almost everyday no matter what type of news hits the tape overnight. It's clear that the Fed's "unspoken" policy is t...Read More
A new permitting issue has emerged at copper producer Freeport-McMoRan's unit in Indonesia following the introduction of new environmental requirements in April, the United States-based firm said on Tuesday April 24.[Adds details about tailings management, comments from Freeport chief executive officer.]A new permitting issue has emerged at copper producer Freeport-McMoRan's unit in Indonesia foll...Read More
Alumina prices set a fresh multi-year high on Tuesday April 24, consolidating above $700 per tonne with no immediate respite in supply restrictions on the cards. Metal Bulletin's benchmark daily fob Australia alumina index set a fresh high on Tuesday, calculated at $707.75 per tonne, up from $703.75 per tonne the previous day. The index had dipped to $661.32 per tonne late last week after a c...Read More
Emirates Global Aluminium has completed construction of the calcination process facility at its Al Taweelah alumina refinery in Abu Dhabi. The Al Taweelah refinery is expected to produce its first alumina in the first half of 2019. At full capacity, it will produce 2 million tonnes of alumina per year, meeting 40% of EGA's alumina requirements. After the completion of the calcination process facil...Read More
Claim map of Gold Standard's Railroad-Pinion Project in Nevada. Source: Gold Standard Ventures Corp.Gold Standard Ventures Corp. [GSV-TSX, NYSE American] has confirmed its ownership in certain properties situated in the southern portion of the company's Railroad-Pinion Project on Nevada's Carlin Trend.Gold Standard is hoping to prove that Railroad-Pinion can be the next successful mine on the Carl...Read More
Australian miner New Century Resources signed a second offtake deal in a week after agreeing to supply trader Concord Resources with 5% of annual output from its Century Mine tailings reprocessing project.The north-west Queensland project, which has a targeted output of up to 507,000 tonnes per year of 51-54.5% zinc content concentrates over an initial 6.3-year mine...Read More
HashChain Technology Inc. (TSXV:KASH), a cryptocurrency mining stock, jumped after agreeing to acquire a company with 1,000 new S9 Antminer RigsSean Mason | April 24, 2018 | SmallCapPowerMore rigs was good news for investors in a cryptocurrency mining stock Tuesday. Here's some small stocks making big moves on Tuesday, April 24, 2018 (as of 4 pm EST):HashChain Technology Inc. (TSXV:KASH), a cry...Read More
Drilling the Serene #1 discovery hole at NuLegacy Gold's Red Hill Project in Nevada. Source: NuLegacy Gold Corp.A New York investment firm is flashing buy signals in the direction of NuLegacy Gold Corp. [NUG-TSXV; NULGF-OTCQX], a Vancouver-based junior which is focused on the Red Hill gold project in Nevada.Scarsdale Equities LLC has set a target of 34 cents for Nu Legacy, which is trading Tuesday...Read More
In light of feedback received as part of the consultation on its international cobalt price specifications, Metal Bulletin is seeking additional input from those active in the cobalt market. Have your say by taking part in the review by Friday April 27. Initial feedback was sought between Monday November 27, 2017, and Friday January 12, 2018. Full details of the November 2017 cobalt pricing consul...Read More
Democratic Republic of Congo (DRC) state-owned mining company has initiated legal proceedings against Katanga Mining Limited (TSX:KAT) for dissolving its joint ventureSmallCapPower | April 24, 2018: Katanga Mining Limited (TSX:KAT) Sunday announced that Democratic Republic of Congo (DRC) state-owned mining company La G?(C)n?(C)rale des Carri??res et des Mines (G?(C)camines) has initiated legal pro...Read More
Here are 10 key takeaways from Metal Bulletin's and Industrial Minerals' first Battery Materials conference in Shanghai on April 18-19. Bringing online new lithium supply remains a painful process: Bringing new capacity on stream is not easy and it is still difficult to bring new lithium projects online due technical and weather-related issues, as well as lack of investment and know-how, according...Read More
With the potential for more military conflicts throughout the world the defense stocks on our list could see even greater demand for their productsSmallCapPower | April 24, 2018: Although concerns about the possibility of U.S. interventions in North Korea and Syria have negatively impacted the market as a whole, Aerospace & Defense companies in the U.S. have increased 10% YTD, compared to the...Read More
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,477.00, down 75.06 points)Katanga Mining Limited. (TSX:KAT). Miner. Up 21 cents, or 23.08 per cent, to $1.12 on 12.4 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Down two cents, or 0.39 per cent, to $5.14 on 9.9 million shares.Neovasc Inc. (TSX:NVC). Medical devices. Unchan...Read More
Telson Mining (TSN.V), which still is in the process of acquiring the Campo Morado polymetallic mine from Brussels-listed Nyrstar (NYR.BR), has released its production results for the first quarter of this year, and unfortunately not a single one of its concentrates met the minimum requirement of the smelters. Let's have a look at the company's reported concentrate grades, and the grades the smelt...Read More
TORONTO - Barrick Gold Corp. no longer plans to sell assets to reduce its debt, marking a shift in strategy for the Toronto-based miner.Barrick chief financial officer Catherine Raw said the company has made significant progress and plans to instead use cash flow from operations and cash on hand to reduce its debt from US$6.4 billion to US$5 billion by the end of the year."Given how materially w...Read More
Turkish domestic prices for ferrous scrap from shipbreaking went up slightly during the week that ended on April 23, while domestic auto bundle scrap prices were largely stable, sources said on Tuesday April 24.Metal Bulletin's weekly price assessment for melting scrap from shipbreaking in the Turkish domestic market was $348-355 per tonne delivered, up from last week's $341-352...Read More
The wife and I spent the weekend visiting my stepdaughter at Virginia Tech in the small, picturesque town of Blacksburg, which is saddled up against the Blue Ridge Mountains.It is a college town. Every other person wears a Hokie shirt, hat, or scarf. The Kool-Aid has been consumed and was puked out orange and burgundy. What strikes you most besides the vim and vigor of youth is the growth on campu...Read More
Harte Gold Corp. (TSX: HRT, OTC: HRTFF, Frankfurt: H4O) is focused on the exploration and development of its 100% owned Sugar Zone Property, in Ontario, Canada, where it has recently completed a 70,000 tonne Advanced Exploration Bulk Sample and mined 30,000 tonnes, under its Phase I Commercial Production Permit. The Sugar Zone Property is located 80 kilometers east of the Hemlo Gold Camp. We learn...Read More