Refining charges (RCs) for imported blister copper continued to climb in China in March on ample stocks and softened demand for refined copper. The RC for 98-99% blister copper rose to $230- $250 per tonne on a cif basis on Thursday March 29, with spot deals of African brands reported to be close to $240 per tonne. This compared with the blister copper RC assessment of $200-$210 per tonn...Read More
Representatives of major international mining companies active in the Democratic Republic of Congo (DRC) have submitted a formal proposal to the country's Ministry of Mines that they say is designed to address their concerns about the recently-revised mining code as well as the government's revenue needs. Among other things, the proposal includes linking a sliding scale of royalty rates to the pri...Read More
The European charge and high-carbon ferro-chrome benchmark settlement increased to $1.42 per lb for the second quarter of 2018, which is a rise of 20.3% from the first-quarter settlement of $1.18 per lb.South Africa's Merafe Resources announced the price to the Johannesburg Stock Exchange on Thursday March 29. Merafe is the joint venture partner with London-listed trader and mining company Glencor...Read More
Metal Bulletin is hosting a free web seminar on Thursday April 5 at 9am London time to discuss the key drivers of the battery raw materials markets, including substitution risk, electric vehicle policy, and supply of lithium, nickel and cobalt. Date Thursday April 5 Time 9am London time Join members of our global battery raw materials team as they discuss: - EV subsidies and government policy in C...Read More
Bouncing between base metal supply dynamics and precious metal demand themes, silver sometimes has a tough time of finding its own way and continues to frustrate analysts.BMO sees the still-growing solar industry as a demand driver for silver29 MARCH 201829/03/2018commentsshare The most important marker right now is the silver to gold ounce ratio.Read More
Velocity Minerals (VLC.V) has released an updated resource estimate during the PDAC conference in March. This resource estimate contains an updated calculation of the inferred resources on the Rozina gold project in Bulgaria. Using a cutoff grade of 0.5 g/t, the deposit contains 17 million tonnes at 1.15 g/t for a total resource of 629,000 ounces. If you' apply a higher cutoff grade of 0.8 g/t, yo...Read More
Representatives of major international mining companies active in the Democratic Republic of Congo (DRC) have submitted a formal proposal to the country's Ministry of Mines that they say is designed to address their concerns about the recently-revised mining code as well as the government's revenue needs. Among other things, the proposal includes linking a sliding scale of royalty rates to the pri...Read More
Allegiant Gold (AUAU.V) is kicking its Eastside exploration program in a higher gear after meeting the expectations on the western portion of the gold deposit. As you might remember, pretty much the entire western zone of Eastside was classified as 'waste' within the pit shell. Not because the rock didn't carry any gold, but because virtually no exploration or drilling was conducted on that part o...Read More
Aurora Cannabis Inc. (TSX:ACB) has increased its ownership interest in Hempco Food and Fiber Inc. (TSXV:HEMP) to ~35% after exercising warrantsSmallCapPower | March 29, 2018: Hempco Food and Fiber Inc. (TSXV:HEMP) announced on Monday that Aurora Cannabis Inc. (TSX:ACB) has exercised 10,558,676 warrants to buy Hempco common shares for total proceeds to Hempco of $4.3 million. As a result of the exe...Read More
Exploration activities at Nevsun's Timok copper-gold project in Serbia. Source: Nevsun Resources Ltd.Nevsun Resources Ltd. [NSU-TSX; NYSE American] has announced the results of a pre-feasibility study for the Timok Upper Zone copper-gold project in Serbia, which ranks as one of the world's best development stage copper projects."The PFS confirms the extraordinary value of our wholly-owned Timok Up...Read More
Metal Bulletin is hosting a free web seminar on Thursday April 5 at 9am London time to discuss the key drivers of the battery raw materials markets, including substitution risk, electric vehicle policy, and supply of lithium, nickel and cobalt. Date Thursday April 5 Time 9am London time Join members of our global battery raw materials team as they discuss: - EV subsidies and government policy in C...Read More
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,367.29, up 197.35 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up one cent, or 0.27 per cent, to $3.75 on 17.1 million shares.Neovasc Inc. (TSX:NVC). Medical devices. Down seven cents, or 46.67 per cent, to eight cents on 13.6 million shares.Prometic Life Sciences In...Read More
Tesla (NASDAQ: TSLA) shorts are enjoying the negative press and credit downgrades and pot stocks are getting hammered. This, and more, in today's Green Chip Minute ...Read More
Representatives of major international mining companies active in the Democratic Republic of Congo (DRC) have submitted a formal proposal to the country's Ministry of Mines that they say is designed to address their concerns about the recently-revised mining code as well as the government's revenue needs. Among other things, the proposal includes linking a sliding scale of royalty rates to the pri...Read More
Enertopia Corporation (OTCQB: ENRT, CSE: TOP) is an exploration and development company, which has engaged Genesis Water Technologies (GWT) to adapt their technology to be able to produce battery-grade lithium carbonate from brines, or the creation of a synthetic brine from the company's lithium project in Clayton Valley, Nevada, U.S., located near Albemarle's Silver Peak lithium brine mine. Enert...Read More
Patience is a virtue.I try to remind myself of this every so often.Unless you're planning on looking at a chart every 30 seconds, then buying and selling your position within the span of a few hours, patience is an absolute necessity.Let's leave the day trading for the herd.We have better things to do with our time, don't we?I'm not talking about those set-it-and-forget-it, multi-decade holds, eit...Read More
Selenium prices in Europe continued to hit fresh highs this week, climbing to their strongest level since January 2015."Selenium doesn't seem to be stopping," a trader said, adding, "India has been buying again and the sentiment is still positive."Metal Bulletin assessed selenium free market in-warehouse prices at $23-25.50 per lb on Wednesday March 29, up 1% from the previous assessment.Selenium...Read More
The justice system is far from blind. And that is the point.The people in control exercise power by deciding when the rule of law is applied, and when it’s suspended.The other day we discussed how some people get 25 years in prison for driving while intoxicated, while others–law enforcement–only get probation for full-blown rape of a prisoner.But the government also gets to manip...Read More
Refining charges (RCs) for imported blister copper continued to climb in China in March on ample stocks and softened demand for refined copper. The RC for 98-99% blister copper rose to $230- $250 per tonne on a cif basis on Thursday March 29, with spot deals of African brands reported to be close to $240 per tonne. This compared with the blister copper RC assessment of $200-$210 per tonn...Read More
Vancouver, British Columbia - March 29, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Prospero Silver Corp. (TSXV: PSL) ("Company" or "Prospero") is pleased to announce the results of the third hole of a 3-hole drill program at the Pachuca SE project close to the historic mining city of Pachua in Hidalgo State, Mexico. Prospero announced earlier this month that it had discovered a new gold an...Read More