The fundraising is pricing new shares at 7.3c each, with "key shareholder" SSI and undisclosed institutions participating.Read More

Production from the asset amounted to 29,010 carats, the company said in an update on Thursday.Read More

Fastmarkets' copper concentrates treatment and refining charge (TC/RCs) index rebounded for the second consecutive week on April 23, while smelters' buying activity slowed down, sources said.Few buyers were active in the spot market this week with deals for concentrate shipped in June and July settling in the low $30s, Fastmarkets heard.  Read More

The company's fiscal 2020 turnover was EUR91.63 million.This year's March quarter EBITDA of EUR1.6 million compared with EUR0.4 million a year ago.CEO Tommi Lehtonen said results represented a "step towards a stronger Robit"."In the mining sector in particular, business development was good, but on the other hand, we did not have large project deliveries during the quarter," he said."Robit expects...Read More

The London Metal Exchange is suspending the trading of all prompt dates from December 2021 onwards on its cash-settled alumina futures contract with immediate effect, it said on Friday April 23. The LME alumina contract was launched on March 11, 2019 and settled against Fastmarkets MB's benchmark daily fob Australia alumina index in a basket alongside CRU's alumina index. Equal weighting was...Read More

The Northwestern Health Unit (NWHU) this week said a COVID-19 outbreak had been declared at the mine, with a workplace outbreak defined as two or more cases who likely became infected at the workplace.New Gold said three employees had tested positive, while seven had tested "non-negative" with the in-house PCR device and were awaiting confirmation from the NWHU.It said all affected individuals had...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

Global steel scrap markets began to revive with growing downstream demand for finished steel in the week to Friday April 23. But regional prices diverged over the period, with Turkish buyers securing scrap at lower levels while Asian importers had to contend with price increases.Mills in Turkey secured cheaper European scrap to feed increased rebar exportsUnited States sales were on hold, with exp...Read More

No deals were heard to have taken place in the Turkish scrap import market on Friday April 23, with activity quiet because of the Children's Day public holiday in Turkey.A third booking from Wednesday came to light on Friday, however, which resulted in Fastmarkets' indices edging down slightly.A steel mill in the Iskenderun region booked a Baltic Sea cargo consisting of 22,000 tonnes of HMS 1&2 (8...Read More

The range for British domestic prices for grade-5C steel scrap widened in the week ended Friday April 23 on firm demand both at home and in export outlet regions, sources have told Fastmarkets.The demand for light iron scrap came from major scrap processors in the country, a steady rate of exports to key destinations such as Turkey and the Indian subcontinent, and short sea sales into Europe, they...Read More

The base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday April 23, as were the wider markets while US President Joe Biden prepares to announce his plans on tax.Markets awaiting direction from purchasing managers' index (PMI) dataBase metalsLME three-month base metals prices were mixed, but on average were up by 0.4% this morning, with le...Read More

Share this article VANCOUVER - Torex Gold Resources Inc. [TXG-TSX; TORXF-OTC] has announced plans to build an 8.5-megawatt solar power plant at its Morelos Gold property in Mexico, a move that is expected to deliver US$20 million in energy savings.The new plant is expected to reduce Scope 2 greenhouse gas emissions by up to 8.6% using 2019 as the baseline year. With a 29,000-hectare footprint, To...Read More

The lithium hydroxide price in China was firm over the week to Thursday April 22 amid tight availability, while the carbonate price softened due to the restart and ramp-up of operations in Qinghai province.Battery-grade lithium hydroxide prices remained firm in China, but the equivalent grade lithium carbonate price softened The battery-grade lithium hydroxide price in the seaborne market rose ami...Read More

The history of the internet is a fascinating one. But it's the future of the internet - one potentially powered by a new $2 trillion Biden administration infrastructure bill - that's going to benefit us in incredible ways and potentially mint new investing millionaires too.Originally, our information superhighway was launched by DARPA researchers at the Massachusetts Institute of Technology (MIT)...Read More

We spoke with John Darch, who is Chairman and Director, and Ken Macleod, who is President and CEO, of Sonoro Gold Corp. (TSXV: SGO, OTCQB: SMOFF, FRA: 23SP) a near-term gold producer, with exploration and development properties in the mining-friendly jurisdiction of Sonora, Mexico. The Company plans to develop a heap leach pilot operation (HLPO) at its flagship property, the Cerro Caliche gold pro...Read More

Legend Mining Limited (ASX: LEG) is an Australian exploration company, focused on its nickel-copper Rockford Project in the Fraser Range, Western Australia, with its Joint Venture partners and major shareholders Creasy Group and IGO Limited. We learned from Mark Wilson, Managing Director of Legend Mining, that the exploration results to date have highlighted seven priority prospects, including mag...Read More

European buyers of steel coil are encountering difficulties obtaining credit insurance and opening credit lines for purchases because of the rapid price rises and extended lead times in recent months, sources told Fastmarkets this week.Market participants said the situation was limiting the ability of buyers to acquire required volumes, despite strong demand from both distributors and end consumer...Read More

Domestic prices for hot-rolled coil (HRC) in Europe continued to rise on Friday April 23, due to a persistent shortage of locally produced material, limited and costly overseas alternatives and strong demand, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?971.25 ($1,168.26) per tonne on April 23, up by ?,?6.25 per tonne fr...Read More

Import prices for steel hot-rolled coil in the key Vietnamese market increased greatly in the week to Friday April 23 amid strong demand from buyers and continual rises in offers from Indian steel mills, market participants have told Fastmarkets.Indian steel mills raised their offers at least once during the week, to $960-980 per tonne cfr Vietnam from an initial $950-955 per tonne cfr Vietnam. Th...Read More

Indian secondary billet prices fell by 1,600 rupees ($21) per tonne during the week to Friday April 23 on subdued demand from finished product makers, market sources said."There is a shortage of industrial oxygen all over the country because oxygen is being prioritized for medical use [for treatment of Covid-19]," an official from an integrated billet mill told Fastmarkets. Read More