* Dollar, yuan boosted by economic prospects * Traders prepare for BoJ, ECB meetings * Sterling on the ropes again after Javid comments * Graphic: World FX rates in 2019 (Adds latest prices)LONDON, Jan 20 (Reuters) - The dollar rose to its strongestlevel of 2020 on Monday after last week's run of data confirmedthat the U.S. economy is holding up well, while China's yuanbriefly hit a new six-month...Read More
Rockfire Resources (LSE:ROCK) was trading 27% higher at 1.05p on Monday morning after announcing that drilling to extend gold mineralisation had kicked off...Read full newsRead More
"Rockfire Resources (#ROCK) is trading up by nearly a third after announcign that it has begun drilling to expand gold mineralisation at its Plateau gold deposit in Queensland.More to follow.https://t.co/Iug9TMClBF"Read full newsRead More
"More Khemisset updates from Emmerson (#EML), as firm reveals that it has begun a full ESIA study at its potash project.https://t.co/wYlSuCHj7A"Read full newsRead More
THOR Mining (ASX:THR) has announced pleasing results at its wholly-owned Pilbara Goldfield tenement, with gold, nickel and chromium assays from preliminary geochemistry reconnaissance. After strong results from the initial gold panning, laboratory results have subsequently given support to gold potential as well as nickel and chrome at the location. Three samples assayed over 0.3g/t gold, ...Read...Read More
NAIROBI, Jan 20 (Reuters) - The son of an Indian gold mineowner in Burkina Faso, who was kidnapped by unidentifiedassailants in 2018, has been released, his father said onMonday.Kimar Akoliya, whose father Akoliya Patel owns theGhana-based Balaji mining group, had set off for Burkina Faso'scapital, Ouagadougou, from the remote Inata mine with twocolleagues when they disappeared in September 2018.T...Read More
NAIROBI, Jan 20 (Reuters) - The son of an Indian gold mineowner in Burkina Faso, who was kidnapped by unidentifiedassailants in 2018, has been released, his father said onMonday. Kimar Akoliya, whose father Akoliya Patel owns theGhana-based Balaji mining group, had set off for Burkina Faso'scapital, Ouagadougou, from the remote Inata mine with twocolleagues when they disappeared in September 2018....Read More
* Zinc breaks 200-day moving average * Historically low zinc inventories offer price support(Updates with closing prices)By Pratima DesaiLONDON, Jan 20 (Reuters) - Zinc prices rose to two-monthhighs on Monday after a break of key technical levels triggereda flurry of buying and as the market worried about historicallylow inventories.Benchmark zinc on the London Metal Exchange (LME)ended 0.6% up at...Read More
* Zinc breaks 200-day moving average * Historically low zinc inventories offer price support (Updates with closing prices) By Pratima Desai LONDON, Jan 20 (Reuters) - Zinc prices rose to two-monthhighs on Monday after a break of key technical levels triggereda flurry of buying and as the market worried about historicallylow inventories. Benchmark zinc on the London Metal Exchange (LME)ended 0.6% u...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN found a new gear and took off at top speed. The Index notched a brand new 2020 high, gaining 11.92 points or 1% to 1204.92.MACD added 1.1 points to 0.57. RSI rose 4 points or 5.8% to 69.43. Here we note the Index has so far shrugged off negative divergence and has p...Read More
"Before gold can get to 1800 -- it must conquer the point of collapse during the April 2013 drive by shooting.This is the most important resistance for this year.We can see the big pullback since the peak is a return to the upper channel line.Be cautious until 1630."Read full newsRead More
"Proactive investors @proactive_NA and @stevedarlingleading the way on getting content out from @Cambridge#VRIC2020 with interviews already being posted. This one with @metallaroyalty $MTA.v is a good one.https://t.co/Yx1fgHs2Fs"Read full newsRead More
"Proactive investors @proactive_NA and @stevedarlingleading the way on getting content out from @Cambridge#VRIC2020 with interviews already being posted. This one with @metallaroyalty $MTA.v is a good one.https://t.co/Yx1fgHs2Fs"Read full newsRead More
Here are five Fastmarkets MB stories you might have missed on Friday January 17 that are worth another look.Import prices of flat-rolled steel in South America made no clear trend for the past week while negotiations between sellers and buyers for March shipments intensified and put some markets under pressure ahead of the Chinese New Year break (January 24-30).Aluminium billet premiums in Brazil...Read More
The figures are for the month prior to unprecedented power outages which impacted the mining industry in December. Stats SA said the largest negative contributor was platinum group metals, down 13.5% and contributing negative 3.6 percentage points.Iron ore and coal were down 7.5% and 0.7 percentage points and 2.8% and 0.7% respectively.Stats SA said "other" non-metallic minerals were a signif...Read More
Chinese steel production increased in 2019 amid stronger demand from the construction sector, according to data released by China's National Bureau of Statistics on Friday January 17.2019 outputCrude steel: 996.34 million tonnes, up 8.3%Finished steel: 1.2 billion tonnes, up 9.8% ...Read More
Market participants in China say they are not worried by the expected increase in steel imports from the United States, even after the two major economic powers signed the phase one economic and trade agreement on Wednesday January 15. While the agreement does not set out the increase in quantity of US-origin steel exports China will accept, Chinese market participants do not expected the increase...Read More
Central China-based Henan Luoyang Iron & Steel is to sell its 1.04 million tonnes per year of crude steel capacity to a mill in southern China's Guangdong province, according a notice released by the Henan Industry & Information Technology Department on Tuesday January 14.Seller: Luoyang Iron & SteelLocation: Luoyang city, Henan...Read More
Here are five Fastmarkets MB stories you might have missed on Friday January 17 that are worth another look.Import prices of flat-rolled steel in South America made no clear trend for the past week while negotiations between sellers and buyers for March shipments intensified and put some markets under pressure ahead of the Chinese New Year break (January 24-30).Aluminium billet premiums in Brazil...Read More
The London Metal Exchange will on February 1 introduce a reporting process that will increase transparency into levels of off-warrant stocks. The exchange announced the plans in November 2019 and aims to attract more metal back in LME sheds. It is controversial, but its passage into the LME rulebook on February 1 follows a consultation last year. Some market participants are now saying the LME sho...Read More