Recent News

China ADC 12 prices rebound on higher producer offers

January 11, 2018 / www.metalbulletin.com

Domestic and export aluminium ingot ADC 12 prices in China rose this past week after Japanese buyers returned to the market following the New Year holidays and producers raised their offers due to higher raw material costs.Metal Bulletin assessed the aluminium ingot ADC 12 main Japanese ports spot price at $1,990-2,020 per tonne on Wednesday January 10, up by 2.3% from $1,950-1,970 per tonne last...Read More

Mish Shedlock: Is US Economy Really Struggling?

January 11, 2018 / marketsanity.com

Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More

Peter Schiff on Trump's Economy, China, Bitcoin, KodakCoin, & the Fed

January 11, 2018 / marketsanity.com

Peter Schiff talks about his 2018 Outlook including recession, gold, Trump, China, dollar, inflation, tax cuts, and interest rates.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and inves...Read More

Doug Casey on Controversial Buzzwords, Part I

January 11, 2018 / marketsanity.com

Doug Casey isn't afraid to speak his mind... even if it means offending people. That's a rare commodity. These days, most people only think what they're supposed to think. Continue...Read More

Frank Holmes: GOLD - If You're Not Long, You Will Be Wrong

January 11, 2018 / marketsanity.com

Frank discusses gold and Hive Blockchain a company where he is chairman. They have partnered with Genesis. Hive is a cryptocurrency mining and investing company. He became interested in the space when found out that the CEO of Fidelity a company with two trillion in funds has been discussing bitcoin. He says, "Something big is happening." Hive made far more than they anticipated in the first quart...Read More

MarketWatch: Gold Making a Rare Move

January 11, 2018 / www.bullionvault.com

LONDON, 11 January 2018 - Analysis from BullionVault features tonight in the latest gold-price report from MarketWatch, the leading US finance site that's part of the Dow Jones group of companies.Gold "rising with equities isn't unusual," MarketWatch quotes BullionVault director of research Adrian Ash. "They go in the same direction around 50% of the time."But the move against [US government] T-bo...Read More

Nomi Prins: My Financial Road Map for 2018

January 11, 2018 / marketsanity.com

Continue...Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her book All the Presidents' Bankers: The Hidden Alliances that Drive American Pow...Read More

India's JSW Steel achieves record quarterly crude steel output in Oct-Dec 2017

January 11, 2018 / www.metalbulletin.com

India's JSW Steel recorded its highest-ever quarterly crude steel output in October-December 2017, producing 4.11 million tonnes - up 7% compared with the same quarter in 2016.The October-December period is the third quarter of JSW Steel's 2017-2018 financial year, which runs to March 31, 2018. Flat steel production dropped 1% year on year to 2.82 million tonnes, while long steel production increa...Read More

PEOPLE MOVES: Mechel appoints Nelli Galeeva as CFO

January 11, 2018 / www.metalbulletin.com

Mechel, one of the leading Russian mining and metals companies, has appointed Nelli Galeeva as its new chief financial officer (CFO), the company reported on Wednesday January 10.Prior to this appointment, Galeeva had been leading Mechel's accounting and tax department for four years and oversaw work on the...Read More

Skeena shares take off on BC Golden Triangle drilling

January 11, 2018 / www.mining.com

Shares in Skeena Resources Limited (TSX.V:SKE) jumped 6% on Thursday after the company announced additional drill results from 13 holes at its Snip gold project located in the Golden Triangle of British Columbia.In lunchtime trade the Vancouver-based junior was exchanging hands for $0.74, up 10.4% on the TSX Venture Exchange, in more than double usual volumes. Skeena is now worth $53 million in To...Read More

Alrosa's 2017 rough and polished sales dip to $4.3bn

January 11, 2018 / www.miningweekly.com

JOHANNESBURG (miningweekly.com) – Russian miner Alrosa’s diamond sales fell to $4.27-billion in 2017, from $4.45-billion in the previous year, as the average price of its rough diamonds dipped.Reporting on the group’s 2017 sales figures, VP Yury Okoemov explained on Thursday that the average price of rough diamonds sold by Alrosa was “a little lower than a year ago”,...Read More

N27 commences scoping study

January 11, 2018 / finfeed.com

Published on: Jan 11, 2018 | by finfeedNorthern Cobalt (ASX:N27) has provided an update from its Stanton Cobalt Deposit in the Northern Territory. The company commenced its scoping study of the promising region on 2 January this year, with drill core samples from its diamond drilling program at the deposit arriving in Adelaide on 22 December 2017.Core inspection by the scoping study team commenced...Read More

Shmuel Schnitzer Steps Down as IDI Head

January 11, 2018 / www.diamonds.net

RAPAPORT... Shmuel Shnitzer has left his post as chairman of the IsraelDiamond Institute (IDI). The IDI board appointed Boaz Moldawsky acting chairman,the institute announced Thursday. Shnitzer (pictured) has served in numerous industry positions over the past 30 years, including as president of the Israel Diamond Exchange (IDE) and cofounder of the WorldDiamond Council. He began his term as...Read More

Mali mine takes B2Gold 2017 output to record high

January 11, 2018 / www.mining.com

Mid-tier Canadian miner B2Gold (TSX, NYSE:BTO) said Thursday it had achieved record fourth quarter and full-year output in 2017, thanks mainly to the start of commercial production at its Fekola mine, in south-western Mali.The Vancouver-based company, which poured its first gold at Fekola in November, produced 630,565 ounces of the yellow metal last year, a figure that includes the 79,243 ounces...Read More

Rio Tinto pulls out offer for stake in world's largest lithium miner

January 11, 2018 / www.mining.com

Global miner Rio Tinto (ASX, LON:RIO) is said to have ditched plans to own a stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, due to a mix of tricky politics and the fact that such miner is currently the target of several claims.Chilean authorities accuse SQM of underpaying royalties, environmental violations and illicit political financing, which have ma...Read More

Alrosa 2017 sales fall to $4.3bn on lower average price for rough diamonds

January 11, 2018 / www.mining.com

Russian miner Alrosa (MCX:ALRS), the world's top diamond producer by output, saw 2017 sales fall to $4.3 billion, from $4.5 billion in the previous year, as the average price of its rough rocks declined.Alrosa's vice president Yury Okoemov said that despite the dip last year was a good one for the company with demand being fairly stable, and market activity in line with the seasonality and the fi...Read More

The role of exotic animals in California's Gold Rush

January 11, 2018 / www.mining.com

A recent study published in the journal California History reveals that, together with hundreds of people, exotic animals arrived in California during the Gold Rush of the 1850s.According to the study's author, Ph.D. candidate in the Department of Anthropology at The University of New Mexico Cyler Conrad, the men and women who landed in the northwestern state with the dream of striking it rich car...Read More

Klondex shrinks Manitoban operations

January 11, 2018 / www.mining.com

Klondex Mines Ltd. (KDX:TSX) announced this week the immediate reduction of underground mining operations and workforce at its True North mine, located about 165 kilometres northeast of Winnipeg, in the Canadian province of Manitoba.Although Klondex had big hopes for the 43,000-hectare complex when it acquired it in January 2016, the mine didn't make as much money as it was supposed to in 2017. Pr...Read More

Lundin Gold to start building Ecuador's largest underground mine

January 11, 2018 / www.mining.com

Together with Ecuador's Ministry of Mines, Canadian Lundin Gold (TSE:LUG) officially inaugurated two tunnels at its Fruta del Norte gold-silver project, located in the southeastern province of Zamora Chinchipe. The tunnels were named Kuri, which means gold in the Indigenous language Shuar, and K'isa, which means fruit in Quechua.Following the completion of soft tunneling in December 2017, mine dev...Read More

A new Dynasty

January 11, 2018 / www.mining-journal.com

US Army Corps of Engineers' acceptance of wholly-owned Pebble Limited Partnership's Clean Water Act 404 permitting documentation in January 2018  for Pebble, provides a basis for the Alaska copper-gold company to move into a long-awaited objective and transparent Environmental Impact Statement (EIS) phase for an actual project in the state's Bristol Bay region - a process under which it can d...Read More

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