An overview of the chrome ore and alloy markets on Tuesday March 30 and their latest price moves.China Light spot buying and weak sentiment continued in China's domestic ferro-chrome market, with prices heard for deals concluded 100 yuan ($15.24) per tonne lower week on week. Imported charge chrome prices fell following weakness in the domestic alloy sector, with some buyers making aggressive bids...Read More
The generous dividend payment compared with 2019 was reflective of strong copper and zinc prices at the end of last year and into 2021, according to chief executive Nigel Robinson.Read More
Ausenco won a competitive bidding process providing for a guaranteed maximum price (GMP) of US$236 million.Blackwater said the Ausenco GMP was consistent with capital estimates in its 2020 pre-feasibility study.Artemis is targeting about 60% of the initial development capital for Blackwater to be insulated from capital cost and schedule overruns once final EPC fixed price contracts for the facilit...Read More
PHOENIX - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") today announces it plans to issue its Fiscal Year 2020 earnings press release on Tuesday, April 6, 2021, after U.S. markets close, commensurate with the filing of its financial results.The Company will also host a conference call and webcast on Tuesday, April 6, 2021 at 5:00 p.m. ET to review its operational and...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) ("Venzee" or the "Company") a smart tech platform that automates the distribution of consumer-facing product information to retailers, announces the April 6 release of Version 2.11 of its proprietary Mesh Connector?,,? technology.Venzee's Mesh Connector?,,? product is a one-to-many solution that provides brands with an automated connection to...Read More
Davy is modelling FY21 and FY22 annual revenues of €139.1 million and €153.7 million, respectively, after Mincon booked FY20 revenue of €129.9 million, and believes the company "should re-rate from current levels relative to peers".The stock is up 41% in the past year to €1.30, capitalising the company at €270.94 million."We still believe that the stock is good value despi...Read More
Force majeure has been declared on shipments of copper concentrate from the Oyu Tolgoi mine in Mongolia, Turquoise Hill Resources said in a notice to shareholders on Tuesday March 30.Deliveries have been halted as a result of "Covid-19 health and safety precautions related to Chinese-Mongolian border crossings," said Turquoise Hill, which owns 66% of the Oyu Tolgoi mine and is itself 50.8%...Read More
Structural bull market or flash in the pan? One copper miner isn't taking its chances.Canada's Taseko is expanding a copper hedging strategy to cover 41 million lbs (18,597 tonnes) at a price of $3.75 per lb ($8,267 per tonne), throughout the second half of 2021, it said late on March 29."With the...Read More
Teck Resources has agreed to supply China's largest zinc smelter with zinc concentrates from its Red Dog mine this year, diversifying the market for what is one of the world's biggest exporters of the metal.Hechi Nanfang, which produces 400,000 tonnes of refined zinc annually, will receive up to 30,000 tonnes of Red Dog zinc concentrates this year, three sources source with knowledge of the matter...Read More
A summary of China-headquartered Huayou Cobalt's 2020 annual report, released by the company on Tuesday March 30.In briefRevenue: 21.19 billion yuan ($3.23 billion), up by 12.38% year on yearNet profit: 1.12 billion yuan, up by 1,549.03% year on yearRevenue for battery materials sector: 7.76 billion yuan, up by 11% year on yearRevenue for non-ferrous...Read More
Mexican ferrous scrap prices were little changed in the week ended Friday March 26, with most grades remaining at high levels and market participants waiting for the next developments in the United States' market. Most market participants indicated stability in prices last week while the market digests recent price increases that particularly affected the prime grades of scrap....Read More
Turkish deep-sea scrap import prices edged up on Tuesday after firm offers from the Baltic Sea region, although many mills were looking to achieve further rebar sales in the export and domestic markets before purchasing more scrap, sources said on March 30.The most recent deep-sea transaction was done on Friday March 26, when a steel mill in the Iskenderun region booked a United States-origin carg...Read More
Nornickel has stopped the inflow of water at its Oktyabrsky mine, one of two flooded mines in its Norilsk Division, and will resume production at both operations in line with the plan announced earlier this month, the company said on Monday March 29.The Oktyabrsky and Taimyrsky mines have been closed since February 24 following an inflow of groundwater.The second stage of the remediation plan for...Read More
Apart from aluminium, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Tuesday March 30, with broader markets also firmer having partially shook off, for now, contagion worries from last week's hedge fund troubles. US Treasury 10-year yields jump higher againWeakness in gold prices and stronger bond yields suggest market is not lookin...Read More
As global demand for electric vehicles (EVs) increases, the focus on battery technology and the challenges relating to production costs, sustainability and performance becomes more acute.Fastmarkets has identified the need for more transparency in the seaborne market for nickel sulfate, a key component in nickel, cobalt, manganese (NCM) lithium-ion batteries, which is a battery chemistry of growin...Read More
Cornish Metals Inc. (TSX-V: CUSN, AIM: CUSN), is an Associate Company of Osisko, building a portfolio of strategic metals assets in the United Kingdom and North America. Cornish Metal's near-term strategy is to focus on the United Downs high-grade, near-surface copper and tin project in Cornwall, UK. The Company's past producing South Crofty tin project is one of the highest-grade undeveloped tin...Read More
The Chinese nickel sulfate price continued its downtrend in the seven days to Friday March 26, with the weak LME nickel price reviving interest in nickel briquettes, sources told Fastmarkets.Fastmarkets' price assessment for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China was 33,000-33,500 yuan ($5,032.5-5,108.8) per tonne on Friday March 26, down by 1,000-1,500 yuan per t...Read More
Back in the late 1970s when Steve Martin was funny, he did a bit about being an individual. He would walk out onstage in his white suit with an arrow through his head and make the audience take the nonconformist oath. It went like this:STEVE MARTIN: Let's repeat the Nonconformist Oath. I promise to be different!AUDIENCE: I promise to be different.STEVE MARTIN: I promise to be unique.AUDIENCE: I pr...Read More
GreenGold Technology helps mining companies maximize returns by making their new or existing mineral project more economical, efficient, and environmentally friendly. GreenGold offers one-stop solutions, including operational advisory, bankable feasibility studies, in-house laboratory, engineering, Management and operational services, capacity building, plant construction and innovative technologi...Read More
Australia-listed AVZ Minerals has signed a strategic long-term offtake partner agreement with Chinese lithium producer Yibin Tianyi Lithium Industry, the company said on Tuesday March 30.Under the offtake agreement, the Australian miner will supply Yibin Tianyi with up to 200,000 tonnes per year of 6% grade spodumene concentrates (SC6) from the Manono Lithium and Tin Project in the south of the De...Read More