The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the session ended on Friday June 10.Europe Prices fell by nearly 5% for both grades with suppliers cutting offer prices and doing deals well below the previous range. During the week, there were slightly more bids reported from traders in comparison with the very quiet previous months, while producers showed no resistance...Read More
UC Rusal's credit may suffer from a $2.1 billion fine imposed on Nornickel, almost 28% of which is owned by Rusal, Fitch Ratings said.A drop in dividends Rusal normally receives from Nornickel coupled with weak aluminium markets through 2021, could see Rusal becoming further indebted, the credit rating agency said on Thursday July 9. Fitch based its scenario on Nornickel paying in full this year t...Read More
Spot payables for cobalt hydroxide consolidated at four-month highs last week, with support from sellers' continued cautious approach to additional sales outside long-term agreements. Fastmarkets' cobalt hydroxide payable indicator min 30% Co, cif China held at 66-68% on Friday July 10, its highest level since March 11 (taking the mid-point of the range). Short-lived border closures in Africa, on...Read More
Stainless steel prices in the United States edged up in July on higher surcharges, although the uptrend was partially offset by some service centers obtaining lower prices on larger purchases from mills said to be unloading inventory. Demand also rose modestly, with some service centers reporting strong surges in demand that began at the end of June.Fastmarkets' price assessments for stainless ste...Read More
Wallbridge Mining's (TSX: WM) drill program at the wholly owned 85.6-sq.-km Fenelon gold project has expanded the Tabasco-Cayenne shear zones by 100 metres down-plunge. In addition, infill work continues to hit high-grades near existing underground workings around the Main Gabbro shear zones and suggests near-surface zones of gold mineralization within Area 51.With 11 surface and 13 underground ho...Read More
When I was interviewing Jon North, the founder and CEO of 79North (CNSX: TWLV), about his exploration projects in Suriname, a small country at the top of South America, he told me about the many years he had spent working in West Africa and around the Sahel region - the semiarid belt south of the Sahara stretching from Senegal to Sudan.From the time he started working on the continent with his for...Read More
Russian mining company Norilsk Nickel reported that a pipeline belonging to Norilsktransgaz, which is part of the Norilsk Nickel Group, depressurized during the transfer of aviation fuel in the vicinity of the village of Tukhard, located on the Gydanskii tundra.In a media statement, the company said that the spill poses no threats to the health of people living in the area and that crews are alrea...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesIronRidge shows its mettleSPONSOREDironridge resources The low point in the game is probably over-cautious, while the more ambitious forecasts have a touch of Buzz Ligh...Read More
Egypt-focused gold miner Centamin (TSX: CEE; LSE: CEY) said today it is looking at expansion opportunities as soaring bullion prices and the country's decision to open up its riches to foreign capital unlock opportunities.Gold prices have hit nine-year-highs of about US$1,800 per oz. in recent weeks, boosting treasuries and spurring merger and acquisition activity.Chief executive Martin Horgan sai...Read More
The Dow Jones Industrial Average rose 0.96% to 26,075.30 and the S&P 500 rose 1.76% to 3,185.04 during the July 6-10 trading week. Spot gold jumped US$24.20 per oz., or 1.36%, to US$1,798.60 per ounce.Hecla Mining (NYSE: HL) rose by 26.02% to US$4.02 per share following preliminary production results for the second quarter from its Greens Creek mine in Alaska, Lucky Friday in Idaho, San Sebastian...Read More
The S&P/TSX Composite Index rose 0.75% to 15,713.82 during the July 6-10 trading week. The S&P/TSX Global Mining Index rose 5.06% to 95.05, and the S&P/TSX Global Base Metals Index climbed 8.12% to 99.07. Spot gold jumped US$24.20 per oz., or 1.36%, to US$1,798.60 per oz., and the S&P/TSX Global Gold Index rose 5.55% to 358.9.Steppe Gold (TSX: STGO) rose by 35.5% to $2.71 per share. The company up...Read More
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Russia kept fuel oil exports to the United States close to its record-highs in the first six months of this year, as Washington looks to replace the heavy Venezuelan barrels it stopped buying a year ago, traders said and data showed.Read full newsRead More
Jul 13, 2020 (CNW Group) --COMTEX_367993197/2669/2020-07-13T07:00:36 Is there a problem with this press release? Contact the source provider Comtex at...Read full newsRead More
BRAZIL-INDIGENOUS/MINING (INSIGHT, PIX, GRAPHIC):INSIGHT-Amazon gold rush: illegal mining threatens Brazil's last major isolated tribeRead full newsRead More
Great Bear Resources Ltd. today reported a return to pre-pandemicRead full newsRead More