An outcrop at the Juby gold project in Ontario. Credit: Temex Resources Colombia-focused Gran Colombia Gold has invested C$14 million in a private placement in its recent spinoff, Caldas Gold, to fund the acquisition of a project in Ontario's Abitibi greenstone belt.In a deal announced in May, Caldas Gold is acquiring the Juby project, 100 km southeast of Timmins, from South American Resources...Read More

Cerro Lindo zinc-copper-lead mine in Peru. (Image: Nexa Resources | Flickr.) Globally, mined zinc production will continue to ramp up over the coming years as elevated prices encourage miners to restart idled capacity and begin production at key new mines, according to Fitch Solutions' latest industry report. Global mined zinc production is poised for gains over the coming years, Fitch predicts....Read More

(Image courtesy of Vale) Vale (NYSE: VALE) is ready to resume dividend payments to investors and is just waiting for more certainty around the coronavirus pandemic before approving the move, Chief Financial Officer Luciano Siani Pires told investors on Friday.Speaking on a live conference promoted by XP Investimentos, Siani Pires said that the uncertainties depend on the behavior of China, the de...Read More

Image courtesy of Komet Resources Inc. Roscan Gold (TSXV: ROS) has completed its previously announced acquisition of the Dabia South project in Mali from fellow Canadian mining junior Komet Resources (TSXV: KMT).The Dabia South property comprises 35 square kms of mining concessions adjacent to Roscan's Kandiole project. Total consideration for the acquisition amounted to C$3.2 million in cash and...Read More

Here are five Fastmarkets stories you might have missed on Friday July 3 that are worth another look.Production resumes at Hydro's Paragominas mine and Alunorte alumina refinery. The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3.The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi...Read More

The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3. With production at Paragominas now resumed, alumina refining is being ramped back up at the company's Alunorte refinery. Three power transmission towers overturned on June 20, causing a power outage at Paragominas, Fastmarkets reported earlier. "The t...Read More

The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi mine has dropped by 15% in the latest mine plan, according to a regulatory filing released on Friday July 3. The reductions have been significant at Oyu Tolgoi, which is one of the world's largest known copper and gold deposits. The Australia-listed miner said the estimate of recoverable copper from the Mongolian project was now 6...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

Here are five Fastmarkets stories you might have missed on Friday July 3 that are worth another look.Production resumes at Hydro's Paragominas mine and Alunorte alumina refinery. The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3.The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi...Read More

The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3. With production at Paragominas now resumed, alumina refining is being ramped back up at the company's Alunorte refinery. Three power transmission towers overturned on June 20, causing a power outage at Paragominas, Fastmarkets reported earlier. "The t...Read More

Bob Moriarty ArchivesJul 3, 2020I fully approve of garimpeiro miners. Rarely can they read and write. They can live under conditions that the majority of us could never handle. They mine in a totally different way than do the junior resource companies in the space. They all make money. That’s right, 100% of garimpeiro miners make money regardless of what the price of the commodity is. They h...Read More

The spot market remained subdued this week but buyers are picking up copper concentrates at low levels while the Chilean coronavirus situation remains precarious, sources said on Friday July 3.Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index stood at $46.60 per tonne/4.66 cents per lb on Friday July 3, largely flat from 46.80 per tonne/4.68 cents per lb a week...Read More

The maiden in-situ reserve estimate is 30.6Mt, using an 8.2% iron cut-off, which is higher than the 5.25% cut-off used previously, as the company has optimised its mine schedule.Read More

Steel scrap prices in the global markets continued to fall in the working week ended Friday July 3, with the exception of Turkey, which secured a cargo at a higher price as the week closed.Turkey secures further cargoesUS East Coast recyclers reduce buying pricesVietnam demand gets thin on increasingly bearish sentimentTaiwan buyers seek lower pricesIndia's poor demand hits prices.TurkeyTurkish st...Read More

RBPlat put the cost of the facility at ZAR10 million (US$0.6 million).It said it had worked with the North West provincial and Bojanala district health departments to convert its unused South Shaft Change House at the mothballed Maseve mine, to provide initial COVID-19 medical treatment to its employees and communities.The platinum group metals producer said the 2,940sq.m facility had five wards w...Read More

The inter-merchant spot price for light iron scrap in the UK was steady in the week ended Friday July 3, extending a run of stability into a third week, with the market supported by relatively low volumes of scrap being delivered into yards, trade sources said.The UK market has also been supported by steady purchasing in the European steel scrap export market by traditional destinations such as Tu...Read More

The price of ferrous scrap in containers imported into India edged downward again over the past week, with demand remaining at low levels, sources told Fastmarkets on Friday July 3.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $270.18 per tonne on July 3, down from $274.28 per tonne the Friday before.Market sources reported offers of shredded material...Read More

Markets were mixed this morning, Friday July 3, with Asian-Pacific equities generally higher and pre-market western equity index futures weaker, while the base metals and precious metals were mixed.China's Caixin services purchasing managers index (PMI) climbed to 58.4 in June, from 55 previously. James Bullard, president of the Federal Reserve Bank of St Louis, told the Financial Times that a wav...Read More

SAULT STE. MARIE - The Ontario government is investing $185,425 to help a natural products manufacturer expand operations, meet growing demand for products that will help in the fight against COVID-19, and create six new jobs as the province gradually restarts the economy.OC Hair Bath & Body Co. will use the funding to purchase new equipment and renovate and expand its facility where it manufactur...Read More

Key data from Fastmarkets' pricing session in London and Shanghai on Friday July 3.Key drivers- Spot payables edged higher, and were now at levels last seen in March. Activity was still reasonably thin but many suppliers were holding...Read More