The European Union has extended anti-dumping duties on ferro-silicon imported from China and Russia for another five years, according to a release from the European Commission on Wednesday July 1. The EU will extend the duties for a period of five years until July 1, 2025 from Thursday July 2, 2020. Chinese and Russian ferro-silicon exports to the EU will be subject to duties as follows: from Chin...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday July 1.Key drivers Persistently quiet trading activity in recent weeks has seen lower offer prices in the past week, with suppliers and buyers making tentative inquiries amid uncertain near term demand. All markets are now back at levels last seen in January 2017. Industry talk centers on cheaper offer prices from China into Europe,...Read More
Fastmarkets proposes to refine the names of its global aluminium wheel alloy silicon 7 ingot premiums to reflect the material's usage in the market. The aluminium wheel alloy silicon 7 ingot premiums are commonly known in the market as primary foundry alloy (PFA) or aluminium alloy silicon 7 premiums. The reference to "wheel" in the name is now outdated and market participants say the uses for the...Read More
The range in refining charges (RC) paid for copper intermediate products cif China diverged in June due to traders willing to agree lower fees for tonnages and smelters less desperate for blister copper amid sufficient domestic scrap supply. Fastmarkets assessed the copper blister 98-99% RC spot, cif China at $110-132 per tonne on June 30, down by $5 per tonne on the low end but up by $7 per...Read More
SRK Consulting's EasyMine XR Mixed Reality software blends the physical and digital worlds, transforming how mining experts interpret and characterise mine sites.One of the biggest challenges faced by geologists when exploring potential areas of mineralisation is their inability to visualise the subsurface conditions, which often consist of spatially variable soil and rock strata, numerous fractur...Read More
Gold, silver, and their miners' stocks suffer their weakest seasonals of the year in early summers. With traders' attention normally diverted to vacations and summer fun, interest in and demand for precious metals usually wane. Without outsized investment demand, gold tends to drift sideways dragging silver and miners' stocks with it. Feared as the summer doldrums, sometimes unusual catalyst...Read More
The Foolish position I take is one of high levels of diversification in portfolio design. This will always be true. This article discusses two Exchange-Traded Funds (ETFs). These ETFs will provide the base any investor needs to build a high quality, diversified portfolio with a defensive touch — and only two inputs!Global ETFCanadian investors often fall into the trap of having far too much...Read More
There’s another bear market on the way — or at least that’s what many analysts think.“A vast majority of investors believe stock markets around the world are overvalued,” the Financial Times recently reported. “Nearly 80% of fund managers shepherding a combined $600 billion of assets think that stocks are too expensive, the highest share in records going back to...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry. Share and get up to speed in a mining minute.This week's top stories:Landslide at Myanmar jade mine leaves at least 162 dead - Read moreEndeavour becomes West Africa's top gold miner - Read moreBHP's Cerro Colorado to scale down operations - Read moreNevada Gold Mines exceeds expectations, says Barri...Read More
Image by Bruce Raynor from Shutterstock. On April 20, Teck Resources Ltd. (TSX:TECK.B) released a 76-page first-quarter financial report that reported an $800 million decline in earnings compared with Q1 2019, due in large part to the impact of a global pandemic.And on May 20, Teck released a 114-page sustainability review for 2019 that details its progress on environmental, social and governance...Read More
Stibnite gold project. Credit: United States Forest Service. Midas Gold (TSX: MAX) announced Thursday that the draft environmental impact statement (EIS) for its Stibnite gold project in Idaho is set to be released next month for public review.In their recently published quarterly schedule of proposed actions, the United States Forest Service (USFS) and other regulators working on the review of t...Read More
Ulu project area. (Image courtesy of Blue Star Gold). Vancouver-based Blue Star Gold (TSXV: BAU) announced that the Chief Public Health Officer of Canada's Nunavut territory has confirmed that the company can begin its work programs in early July on the Hood River and Ulu projects.In a press release, Blue Star said the Health Officer's decision was a response to the Exposure Control Plan and the...Read More
Greatland's Patterson project is located 500 kilometres east of rail and port infrastructure at Port Hedland, pictured here. (Image by Nachoman-au, Wikimedia Commons). The Western Australian Department of Mines, Industry Regulation and Safety announced that Greatland Gold (AIM: GGP) has won a government-conducted ballot in regard to its application for a fourth exploration licence in the Paterson...Read More
Gold, silver, and their miners' stocks suffer their weakest seasonals of the year in early summers. With traders' attention normally diverted to vacations and summer fun, interest in and demand for precious metals usually wane. Without outsized investment demand, gold tends to drift sideways dragging silver and miners' stocks with it. Feared as the summer doldrums, sometimes unusual catalyst...Read More
Here are three royalty and streaming stocks. They enjoy lower expenses and less risk than their operating peers, while enjoying the upside of any successes.Government responses to COVID-19 are paving the way to a long-term credit crisis, excellent news for precious metals investors, as long as they can stomach a very bumpy ride to profits, says Sprott US Holdings president and CEO Rick Rule."Under...Read More
The company said it had entered a binding term sheet with Appian Capital Advisory for up to about C$40.9 million, subject to Toronto Stock Exchange approval.Harte chairman Joseph Conway said following a review process, the proposed transaction was "the best financing alternative available to the company".It was set to comprise a private placement of 9.5 million Series B special shares priced at US...Read More
Pekka Vauramo, formerly CEO of Metso and now head of the joint entity, said aggregates was the "the part of the business that was worst hit by the by the corona[virus]" "In the mining side, we reallyRead More
Heart disease runs in my family.My grandfather had a heart attack in his 50s.My uncle had a massive heart attack when he was in his 40s.And my father, who hasn't had a heart attack, has had an angioplasty and has been on heart medication for years. Knowing that it runs in my family, I'm pretty vigilant about getting checked out every year by my doctor. Regular exercise and clean eating have proba...Read More
This news report, translated from the original French, is 2 years old but seems to have escaped notice outside Quebec.* * *Revenu Quebec Concludes a Secret Agreement with a Gold MerchantFrom The Journal of MontrealWednesday, April 25, 2018https://www.journaldemontreal.com/2018/04/25/revenu-quebec-conclut-un-ac...Revenu Quebec has just concluded a secret agreement with the Montreal firm Metaux Ki...Read More