The light iron scrap market in the UK was unchanged for a second week in a row in the seven days to Friday April 20, with steady domestic demand counteracting a drop in export prices to key destinations such as the Turkey and the Indian subcontinent.The market has been stable for two weeks after price losses on the European export market in late March and early April.Metal Bulletin's weekly price...Read More
President and CEO Steve Roebuck said this week the 18 core holes (for 1,749m) drilled on OR79 in February-March this year confirmed two north-south trending mineralised corridors defined by the presence of multiple 0.3-1m-wide mineralised intersections grading up to 5.09 grams per tonne gold over 0.65m.Enforcer reported the mineralised intersections were primarily hosted in weakly to strongly shea...Read More
FDA advisers voted unanimously on Thursday in favor of allowing the experimental medication from GW Pharmaceuticals to be put on the marketContinue...Read More
"Why do we make all loans in dollars? Let's use another currency. I suggest that the loans should be made based on gold," Continue...Read More
Domestic prices for rebar in Poland have moved down slightly, while distributors are cautious on making new deals, sources told Metal Bulletin."Demand from the construction industry is getting stronger but as the outlook for the European rebar market is unclear, distributors are buying smaller volumes and do not want to build high stocks," a Polish trader said.Metal Bulletin's weekly price assessm...Read More
The light iron scrap market in the UK was unchanged for a second week in a row in the seven days to Friday April 20, with steady domestic demand counteracting a drop in export prices to key destinations such as the Turkey and the Indian subcontinent.The market has been stable for two weeks after price losses on the European export market in late March and early April.Metal Bulletin's weekly price...Read More
- 'Powerful bull market' will likely send gold to $5,000 to $10,000- If USD & Treasuries keep falling, stocks may decline at 'moment's notice'- Traditional portfolio of stocks and bonds will not protect investors- "Gold will replace bonds as the go-to hedge"by Brian Delaney of Secure InvestmentsGold is gaining momentum after a 5-year consolidation and is set to challenge the 2011 highs some tim...Read More
Ferrous scrap prices in the bulk sector dipped during the working week ended Friday April 20 due to downward pressure from Turkish import prices, which fell midweek in several trades for material from the United States and the Baltic Sea.But this downward trend was not seen in the containerized scrap import market. Taiwanese scrap import prices remained flat on sparse trading this week, while the...Read More
The agreement will give it access to the Saltpond and Cape Coast lithium projects in Ghana, which include 645sq.km of prospective lithium targets that should complement IronRidge's lithium portfolio in neighbouring Cote D'Ivoire.Read More
JOHANNESBURG (miningweekly.com) – JSE-listed diamond mining company Trans Hex’s subsidiary Trans Hex Operations (THO) has entered into an agreement to sell its Lower Orange River (LOR) operations – the Bloeddrif and Baken mines – to black women-owned LOR Diamonds for R72-million.The agreement includes the disposal of the business conducted by THO relating to the exploration...Read More
SHANGHAI, Apr 20 (SMM) – The nonferrous metals saw bleak performance today expect for SHFE tin. Nickel led a loss of 3%, aluminium dropped over 2%, copper slid close to 1%, with lead and zinc dipping.The ferrous complex fell across the board with coking coal leading a loss of over 2%. Coke lost 1.7%, rebar dropped over 1%, iron ore edged down close to 1%, with hot-rolled coil down slightly.C...Read More
Prices for containerized shredded scrap imports into India edged up this week, with the market seeking a correction following a series of recent falls, market sources told Metal Bulletin on Friday April 20.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $385.44 per tonne cfr Nhava Sheva on April 20, up by $4.17 per tonne week-on-week, compared with $381.27...Read More
The project's exploration licence, which expires on December 28, 2021, was transferred to ECR by the previous owner for no payment.ECR did not give details as to who the previous owner was or why the licence had been transferred, but said there was no profit or turnover attaching to the asset and no book value at acquisition.The project is considered highly prospective for gold mineralisation host...Read More
JOHANNESBURG (miningweekly.com) – Diamond miner Alrosa on Friday reported a 17% year-on-year decrease in its first-quarter production, as the shutdown of the Mir underground division weighed on its performance and lower-grade ores were processed from the Jubilee pipe.The miner produced 7.42-million carats in the quarter, compared with 8.93-million carats in the corresponding period of 2017,...Read More
SHANGHAI, Apr 20 (SMM) – Yangshan copper premiums have continued to climb since the start of 2018, staying at levels higher than the benchmark of $75/mt for the most part.Offers with warehouse warrants were heard offered above $90/mt, SMM learned.This is because a tighter copper scrap supply has boosted consumption of imported copper cathode, as the import arbitrage window was open for a lon...Read More
China's domestic rebar prices moved up further on Friday April 20, but the increases have led buyers to cut their procurement rates.Domestic Eastern China (Shanghai): 3,790-3,830 yuan ($604-610) per tonne, up 30-40 yuan per tonne Northern China (Beijing): 3,700-3,740 yuan per tonne, widened upward by 10 yuan per tonne Sellers encouraged by the trading activity in the past couple of days, raised th...Read More
The fundraising is part of an overall US$775-825 million financing structure announced in March to build the project.Read More
Angola- and Lesotho-focused diamondminer Lucapa Diamond Company believes that, once the Mothae diamond mine, in Lesotho, enters into full production, the operation, paired with the company’s Lulo alluvial diamond mine, in Angola, will position it as one of few worldwide to have two mines producing diamonds that sell for more than $1 000/ct. “Lucapa is confident that we can commission t...Read More
But, in a happy coincidence, the estimated cost of fixing the problem is the same as the performance bond, and Wolf says fellow ASX company GR Engineering Services has agreed to cover it.Read More