Image courtesy of Nyrstar Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions forced companies to halt or scale down operations, suspend work on projects, and re-opening plans are scuppered by fresh outbreaks.S&P Global Market Intelligence in a new report measures the impact of these mine closures and project delays, showing Latin America is the harde...Read More

Stock Image. The US coal industry has weakened after taking the brunt of lower electricity demand and is now highly vulnerable to resurgent covid-19 infections that could further reduce demand for coal in a downside scenario, Moody's Investors Service said in a report published on Wednesday. The credit rating agency expects a 'very weak' second-quarter earnings for coal producers. "In 2020, dema...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 15 that are worth another look.Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) is looking for financial aid to support operations badly affected by the Covid-19 pandemic, the company said on Wednesday July 15.Part of the Nchanga copper mine in Zambia collapsed during the morning of July 15, as operator Konkola Cop...Read More

A persistent backwardation in tin's forward curve on the London Metal Exchange pressured the tin premium in Europe in the two weeks to Tuesday July 14; meanwhile, premiums in all other regions assessed by Fastmarkets were unchanged.LME tin price climbs, but backwardation inhibits European tradeUS tin premiums flat despite surging Covid-19 casesExcess Chinese supply outweighs arbitrage opportunitie...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday July 15.Please click...Read More

McClellan Financial Publications, IncPosted Jul 15, 2020Jul 10, 2020The stock market rally went into pause mode in June, or at least that is the case as measured by the SP500’s behavior.But traders are still piling into the tech stocks which dominate the Nasdaq 100 Index.The operative logic is to chase what is working, for as long as it is working.And that logic is working at the moment.The...Read More

"This financing is a very important milestone that substantially de-risks the company and allows us to further expand all of our activities with a view to fast-tracking the timeline to maiden resource, PEA and further project development of the Twin Hills area of the Karibib gold project," CEO Heye Daun said.Osino has described Twin Hills as a grassroots discovery in an old gold district, where it...Read More

Part of the Nchanga copper mine in Zambia collapsed during the morning of Wednesday July 15, as operator Konkola Copper Mines had earlier predicted that it would.The cave-in happened at 8:30am local time, affecting 3 million tonnes of material in an area 370 metres around the epicenter of failure in the open-pit Nchanga mine, KCM said on Wednesday.It had previously forecast that the collapse would...Read More

Nelson expects domestic thermal coal demand to drop 30% in 2020. "We expect very weak second-quarter earnings for coal producers under our current baseline scenario.Read More

The African National Congress' Economic Transformation Committee's "Reconstruction, Growth and Transformation" document, released last week, had suggested encouraging JSE listings, incentives for investing in mining exploration and resolving regulatory uncertainty.It had reaffirmed South Africa remained a global mining powerhouse but also acknowledged the falling levels of investment in exploratio...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that the Company has entered into a new alliance with Hyperion Partners, a leading master agent who specializes in mobility across all national wireless carriers.Marc Seelenfreund, CEO of Siyata Mobile, states, "We are very excited for this new alliance as it will expan...Read More

Trevali has begun the restart of its Santander mine in Peru, two weeks after an outbreak of Covid-19 cases led to a shutdown there, the company said.The mine, which produces zinc and lead concentrates, had initially locked down on June 26 after several workers tested...Read More

Gold will break free from the recent consolidation phase and form a new range. Silver is bullish. Copper and crude oil are in a neutral zone to bullish zone. Better to remain on the sidelines today. A weaker US dollar will ensure that all metals rise before close. Trump has ended special status to Hongkong. (to me Hongkong is a part of China just like Palestine belongs to Palestinians and not to...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 15 that are worth another look.Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) is looking for financial aid to support operations badly affected by the Covid-19 pandemic, the company said on Wednesday July 15.Part of the Nchanga copper mine in Zambia collapsed during the morning of July 15, as operator Konkola Cop...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, at $13.75-14.05 per...Read More

Prices for bulk cargoes of Japan-origin scrap have increased over the past week on strong demand from buyers in South Korea, Taiwan and Vietnam, market participants told Fastmarkets on Wednesday July 15.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?23,000-23,500 ($214-219) per tonne on Wednesday, up by ?500 per tonne week on week.One cargo of Japanese H2 scr...Read More

* Stocks helped by vaccine hopes as US-Sino tensions simmer * Euro at four-month high ahead of recovery fund meeting * Oil climbs before OPEC meetingBy Marc JonesLONDON, July 15 (Reuters) - World shares climbed toward afour-month high on Wednesday with the euro and oil in tow, ashopes for a coronavirus vaccine offset rising tensions betweenthe United States and China.Asia had a choppy session afte...Read More

Asian-Pacific equities were mixed this morning, Wednesday July 15, with markets in China and Hong Kong lower, while other markets in the region and pre-market major western equity markets were firmer.The base metals traded on the London Metal Exchange and Shanghai Futures Exchange gave a similarly divergent performance; three-month base metals prices on the LME mostly edged higher this morning, wh...Read More

UC Rusal, Nornickel's second-largest shareholder, has called for a change in the latter's management, following three polluting events in six weeks within Nornickel. In a statement issued on Tuesday July 14, Rusal questioned the competence of Nornickel management and its board of directors, saying: "[T]hrough their collective inertia, this is likely to lead to severe and damaging criticism from th...Read More

BURK'S FALLS - The Ontario government is investing more than $1.4 million through the Northern Ontario Heritage Fund Corporation (NOHFC) in three companies in the Almaguin Highlands Region, helping create fifteen new jobs."As the province reopens and the economy recovers, companies in the north need our support," said Greg Rickford, Minister of Energy, Northern Development and Mines. "NOHFC fundin...Read More