SHANGHAI, Mar 30 (SMM) – To improve air quality, the city of Handan plans will oversee staggered production during non-heating season from April 1-November 15, 2018. The city will intensify their efforts to regulate key companies, reduce pollutant emission from manufacturers, reinforce control on emission from heavy duty trucks and overhaul traffic control....Read More
SHANGHAI, Mar 30 (SMM) – To improve air quality, the city of Handan plans will oversee staggered production during non-heating season from April 1-November 15, 2018. The city will intensify their efforts to regulate key companies, reduce pollutant emission from manufacturers, reinforce control on emission from heavy duty trucks and overhaul traffic control....Read More
SHANGHAI, Mar 30 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index stood above 90, buoyed by month-end capital flows.Most SHFE metals registered gains following China’s announcement of corporate tax cuts, with nickel and tin rising over 1%. SHFE copper inched up. LME nickel sharply jumped close to 3%, tin edged up...Read More
SHANGHAI, Mar 30 (SMM) – China's imports of zinc ingots in February fell 43.8% on the month and stood at 37,710 mt. Zinc imports are likely to remain in a downward trend in April, at a slower pace from the previous month, SMM expects. Zinc imports have seen losses for five consecutive months as the SHFE/LME zinc price ratio declined. Amid sensitive sentiment...Read More
SHANGHAI, Mar 30 (SMM) – Operating rates at wire and cable companies rebounded in March from February, driven by higher rates at large plants, SMM found. Orders grew and downstream consumers purchased actively, prompted by the recent low copper prices. Resumption of orders across large producers of wire and cable also improved from last year, as output surged. Meanwhile, State Grid Corp...Read More
There has been plenty said historically about human nature being resistant to change. That rhetoric has only increased in the mining sphere as executives, faced with an unprecedented volume of distinct challenges, attempt to reshape their businesses for the future. "Part of this is also the speed of change in our lives, that is, the speed of technology change," Proudfoot head of natural resou...Read More
SHANGHAI, Mar 30 (SMM) –Copper: Copper prices rebounded as concerns of a trade war cooled. LME copper stood above the five-day moving average and tested the 10-day moving average, with its KDJ indicator extending upwards. SHFE copper performed similarly, and stablised at a low level with strong pressure. As the LME is closed today, we expect the SHFE 1805 contract to trad...Read More
SHANGHAI, Mar 30 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index stood above 90, buoyed by month-end capital flows.Most SHFE metals registered gains following China’s announcement of corporate tax cuts, with nickel and tin rising over 1%. SHFE copper inched up. LME nickel sharply jumped close to 3%, tin edged up...Read More
SHANGHAI, Mar 30 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index stood above 90, buoyed by month-end capital flows.Most SHFE metals registered gains following China’s announcement of corporate tax cuts, with nickel and tin rising over 1%. SHFE copper inched up. LME nickel sharply jumped close to 3%, tin edged up...Read More
SHANGHAI, Mar 30 (SMM) –Copper: Copper prices rebounded as concerns of a trade war cooled. LME copper stood above the five-day moving average and tested the 10-day moving average, with its KDJ indicator extending upwards. SHFE copper performed similarly, and stablised at a low level with strong pressure. As the LME is closed today, we expect the SHFE 1805 contract to trad...Read More
SHANGHAI, Mar 30 (SMM) –Copper: Copper prices rebounded as concerns of a trade war cooled. LME copper stood above the five-day moving average and tested the 10-day moving average, with its KDJ indicator extending upwards. SHFE copper performed similarly, and stablised at a low level with strong pressure. As the LME is closed today, we expect the SHFE 1805 contract to trad...Read More
We’ve been dealing with a little bit of “drama” here at the Scheidt house lately.My 5-year-old, Caleb, has started testing his limits by throwing the occasional temper tantrum. The other day I heard him yelling at his mom because he didn’t want to brush his teeth.THAT was a big mistake.After sitting down and explaining to Caleb that this was not acceptable behavior, Caleb t...Read More
A community group from New Zealand's Waihi town, in the North Island's Hauraki district, is expressing concerns over plans announced by OceanaGold Corporation (TSX/ASX: OGC) to mine for gold under the nearby open Martha pit.This week, the Melbourne-based company presented its project to the District Council. The Martha Project exploration target is the first stage of an anticipated 10-year mine li...Read More
About 400 illegal gold miners invaded a farm that belongs to former Zimbabwean first lady, Grace Mugabe.Local newspaper Newsday reports that Mugabe was touring the farm, located in the northern village of Mazowe which is some 40 kilometres north of Harare, when she ran into the miners. They were allegedly uprooting lemon trees, digging shafts and loading gold ore into lorries."When Grace arrived a...Read More
Vancouver-based East Africa Metals (TSX-V:EAM) revealed that its previously announced Ethiopian Project Financing Memorandum of Understanding with Luck Winner Investment Limited failed to materialize.In a press release, East Africa said that "despite the best efforts of both parties, negotiations failed to define a viable transaction that would be in the best interests of East Africa shareholders...Read More
U.S.-based online activist network Avaaz launched a campaign to gather signatures to oppose the construction of the Volta Grande project, expected to become Brazil's largest gold mine.Canada's Belo Sun Mining Company (TSX:BSX) is behind the project, which is located in the Amazonic state of Par??. Even though it has been denied a construction licence a couple of times, management has kept on worki...Read More
Following a request by the Colchester County council, Nova Scotia's Department of Natural Resources delayed issuing a request for proposals for gold exploration in the Warwick Mountain area until early May.The 30,000-hectare terrain between Earltown, Tatamagouche, and Wentworth is considered to have potential for the development of multiple gold mines.But according to local publication The Chronic...Read More
The silver miners' stocks have really languished since mid-2016, relentlessly grinding sideways to lower. With gold out of favor, silver and its miners have largely been left for dead and forgotten. This sector is deeply mired in universal apathy and bearishness. But since silver stocks can skyrocket when silver decisively rallies again, it's important to keep an eye on silver miners' fundamen...Read More
There is great potential for market-beating capital gains on investments in gold miner B2Gold Corp.'s (TSX:BTO)(NYSE:BTG) equity and in oil and gas growth stock Parex Resources Inc. (TSX:PXT) at current trading levels. These two firms are poised to realize significant top-line growth, increase their profitability levels, and generate growing free cash flows going forward.Here is a closer look at e...Read More
The silver miners' stocks have really languished since mid-2016, relentlessly grinding sideways to lower. With gold out of favor, silver and its miners have largely been left for dead and forgotten. This sector is deeply mired in universal apathy and bearishness. But since silver stocks can skyrocket when silver decisively rallies again, it's important to keep an eye on silver miners' fundamen...Read More