(IDEX Online) - Mountain Province Diamonds announced a 17 per cent increase in carats recovered from its Gahcho Kue mine.It said it had adapted to COVID-19 work practices and concentrated its efforts on a pit yielding higher grade diamonds.The Canadian miner recovered a total of 1,794,408 carats in Q3, up from 1,528,494 carats for the same period in 2109.It holds a 49 per cent stake in the mine (p...Read More
(IDEX Online) - Lucapa is considering an expansion of its Mothae mine, in Lesotho, southern Africa, after a significant increase in diamond resource estimates.The Australia-based miner says a total JORC classified indicated resource has been estimated for 9.2 million tonnes containing ~280,000 carats of diamonds at a diamond grade of 3.10 carats per one hundred tonnes and an average un-escalated m...Read More
Many people have written in to ask about precious metals, what to buy, and where to store them. A number of people ask about storing at the Perth Mint or some designated metal storage facility. There are many different places for storage. However, I would not store anything with any government facility whatsoever. Even when gold was confiscated in 1934, they seized all gold on deposit at any bank....Read More
Election outcomes, a bouncing Financial stock, warrant overhangs, a contrarian opportunity, China crisis and pot stocks are all covered in this week's Canadian Insider Insights. We are also feeling a little guilty about this week's Ultra Money video of the week.The Recession-Proof Portfolio: Investing in ViceClick here to read this week's Insights newsletter. Read More
The world's mines will produce 3,368 tonnes of gold this year, down 4.6% from 2019 and the lowest in 5 years, but high bullion prices will help to push up output by 8.8% to a record 3,664 tonnes in 2021, consultancy Metals Focus said on Wednesday.Read full newsRead More
Tanzania's gold-mining industry is showing signs of a renaissance following a crackdown on smuggling and the settlement of a long-running dispute with Barrick Gold Corp.Read full newsRead More
The world's mines will produce 3,368 tonnes of gold this year, down 4.6% from 2019 and the lowest in 5 years, but high bullion prices will help to push up output by 8.8% to a record 3,664 tonnes in 2021, consultancy Metals Focus said on Wednesday.Read full newsRead More
The London Metal Exchange three month copper price continued to decline on Friday October 16, while the three-month prices for nickel and aluminium made small gains over the day.The LME three-month copper price lost 0.7% to close at $6,738 per tonne, after seeing a low turnover of just above 11,300 lots on Friday.LME copper stocks totaled 184,850 tonnes on October 16, up from 73,625 tonnes on Sept...Read More
An overview of the new energy raw materials markets and their latest price moves.Read More
Mining company Rio Tinto has teamed up with construction materials company Lafarge Canada to reuse waste from the aluminium smelting process to make cement. The circular economy initiative - designed to reduce the need to extract other raw materials and create value from waste - comes as mining companies seek ways to operate in a more sustainable manner. Lafarge unit Geocycle Canada has worked wit...Read More
An overview of the new energy raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 16.Europe Ferro-silicon prices widened over the week as traders cut their offers after fourth-quarter delivery settlements to steelmakers were concluded. The price range widened by ?,?10 per tonne at the lower end, with one...Read More
Mining company Rio Tinto has teamed up with construction materials company Lafarge Canada to reuse waste from the aluminium smelting process to make cement. The circular economy initiative - designed to reduce the need to extract other raw materials and create value from waste - comes as mining companies seek ways to operate in a more sustainable manner. Lafarge unit Geocycle Canada has worked wit...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 16.China The seaborne index for low-grade manganese ore fell after deals were concluded at lower prices due to weak buying interest amid deteriorating market sentiment.The seaborne index for high-grade manganese ore was also undermined by weakening sentiment stemming from...Read More
An overview of the new energy raw materials markets and their latest price moves.Read More
Adam HamiltonArchivesOct 16, 2020Today's beaten-down US dollar is a major short-term risk for gold. For decades this yellow metal has often inversely mirrored the fortunes of the world's reserve currency. Dollar trends are important trading cues for highly-leveraged gold-futures speculators, who wield outsized influence over gold prices. So an overdue mean-reversion rebound rally erupting in the U...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Read More
Turkish steel mills continued to book deep-sea scrap for November shipments at slightly higher prices in the working week to Friday October 16, easing the oversupply in the United States. Improving buying interest for finished steel supported scrap imports into Southeast Asia.Turkish steel mills replenish scrap stocks on strong export salesTurkish bookings welcomed in US due to oversupplyRecoverin...Read More
The price of shredded scrap imported into India inched upward on Friday October 16 after the downward price trend in the market reversed, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $308.62 per tonne on Friday, up from $305.74 per tonne one week earlier. This was the first upward movement after four consecutive weeks of...Read More
Indonesian authorities have extended the deadline for scrap sellers to comply with new, strict import regulations until the end of the year, leading to a burst of activity in the market, market participants told Fastmarkets on Friday October 16.Rules concerning the registration of scrap exporters to Indonesia came into force on September 30, causing many deals to be canceled because some exporters...Read More