With a prefeasibility study expected for the Red Chris mine in B.C. by the end of September, Australia-based operator Newcrest (TSX: NCM; ASX: NCM) has released an updated resource for the project.Newcrest is looking at the possibility of developing an underground block cave operation under the exiting pit at the joint venture property where the gold-copper-silver producer is the operator and hold...Read More
The stainless steel scrap market in the United States has cooled, although prices showed little movement over the past week despite a continued weakening in cash nickel prices on the London Metal Exchange.The monthly average cash nickel price stood at $7.474 per lb through Tuesday March 30, down by 11.26% from $8.422 per lb in February.While there is speculation that the ferrou...Read More
The Democratic Republic of the Congo (DRC) has officially begun operations at Entreprise G?(C)n?(C)rale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the country's hand-mined cobalt.EGC is a wholly owned subsidiary of state-miner G?(C)camines. It was created a year ago to help control artisanal supplies and boost government revenue through price controls,...Read More
Vale (NYSE: VALE) has concluded the sale of its nickel and cobalt operations in New Caledonia, a French territory in the Pacific, to a consortium called Prony, which includes commodity trader Trafigura.While the Brazilian miner did not disclose the exact terms of the deal, it said that US$1.1 billion will be invested in the New Caledonia assets, with US$555 million coming from its subsidiary Vale...Read More
Osisko Development Corp.'s (TSXV: ODV) $100 million private placement in December, raised to further the development of its Cariboo gold project in British Columbia, closed out a year of increased private placement financings in the mining sector and on the broader Toronto Stock Exchange and TSX Venture Exchange.The year started out with a smattering of private placements from SilverCrest Metals (...Read More
Market sources believe hot-rolled coil prices in the Northern European domestic market will remain on an upward trend into the second quarter despite reaching a new peak this week, with steelmakers widely seen as having in the upper hand in current market conditions that have shown no signs of easing. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe...Read More
Ferro-chrome prices in China ticked down this week ahead of announcements of alloy tender prices for April-delivery from the country's major stainless steel mills. Fastmarkets' assessment of the ferro-chrome spot 6-8% C, basis 50% Cr, ddp China price widened downward by 100 yuan to 8,400-8,700 yuan ($1,280-1,326) per tonne on Tuesday March 30. Despite the drop, suppliers were reluctant to cut...Read More
Listing ahead of first gold pour at SegilolaRead full newsRead More
Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.Read full newsRead More
Investors want 'their' companies to help change the worldRead full newsRead More
Denmark's Orsted plans to develop an offshore wind farm and adjacent hydrogen plant at the North Sea Port straddling the Dutch-Belgian border, the company said on Wednesday.Read full newsRead More
China's imports of copper scrap surged over the first two months of 2021, jumping by 60% year-on-year to 191,720 tonnes.Read full newsRead More
Fast-tracking hydropower upgrades in the DRC is also a high-priority opportunity to ensure clean and renewable electricity for all subsequent expansions.Read full newsRead More
A resource update is underway with results expected in the second quarter.Read full newsRead More
In this article we take a look at 10 best junior gold mining stocks to buy now. You can skip our detailed discussion of the gold mining industry and go...Read full newsRead More
A resource update is underway with results expected in the second quarter.Read full newsRead More
Apr 01, 2021 Guest(s): Mark Skousen Increased business to business (B2B) activity is expected to boost gross domestic product by a "substantial" amount this year, said Mark Skousen, editor-in-chief of Forecasts & Strategies.What you discovered for the fourth quarter [GDP data] that was just released is that the supply chain is growing substantially faster than final output or consumption by...Read More
It is shaping up to be a year of significant deficit in the copper market as tighter-than-expected supply struggles to keep up with a radically improved demand outlook, the chief executive officer of diversified mining company Eurasian Resources Group (ERG) said.This demand is underpinned by unprecedented levels of so-called green stimulus as economies rebuild infrastructure to take account of dec...Read More
Low-carbon aluminium value-added products continue to trade at a small premium in Europe, though such premiums are not achievable for primary aluminium, participants told Fastmarkets.Fastmarkets assessed aluminium low-carbon differential value-added product, Europe at $10-15 per tonne on Thursday April 1 from $5-15 per tonne premium on March 5. Deals were reported to Fastmarkets for aluminium...Read More
Aluminium's and nickel's prices bounced back slightly at the close of trading on the London Metal Exchange on Thursday April 1 from Wednesday's figures, but aluminium and zinc showed losses over the week of nearly 2%, while other base metals continued to consolidate.Nickel's three-month price showed the biggest increase in the base-metals complex on Thursday, up by 0.9% to $16,214 per tonne, back...Read More