Lingering weakness in market sentiment continued to put downward pressure on seaborne low- and high-grade manganese ore prices in China in the week to Friday October 9.Chinese participants began to return to the market on Friday after the Golden Week national holiday on October 1-8. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.10 per dry metric tonne unit (dmtu) on F...Read More
Chinese stainless steel producer Tsingshan Group has set its ferro-chrome tender price for October delivery at the same level as the prior month amid steady chrome ore prices and strong stainless steel production in recent months. The eastern China-headquartered mill set its October high-carbon ferro-chrome tender price at 5,997 yuan ($896) per tonne, for cargoes delivered to warehouse. The price...Read More
Chakana Copper (TSXV: PERU; US-OTC: CHKKF) has launched a fully-funded, 15,000-metre drill program at its Soledad copper-gold-silver project in Peru, with a target date of March 2021 to release its first resource estimate.Soledad is in the country's Ancash district, 35 km southwest of Barrick Gold's (TSX: ABX; NYSE: GOLD) Pierina gold mine and 260 km northwest of Lima. Gold Fields (NYSE: GFI) inve...Read More
Prices for imported rebar in Singapore remained stable in the week to Monday October 12 due to no spot activity and limited demand from buyers, sources told Fastmarkets.Offers for Turkish rebar fell by $5-10 per tonne to $465 per tonne cfr Singapore on a theoretical weight basis from $470-475 per tonne cfr Singapore the previous week.The lower offers were due to falling scrap prices in Turkey, whi...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootAs the owner of a near-priceless royalty paid by BHP on a part of its Pilbara iron ore operations in the north of Western...Read More
Macquarie Group Ltd. has vaulted to second place for dealmaking in Australia and New Zealand after advising on gold miner Northern Star Resources Ltd.'s acquisition of Saracen Mineral Holdings Ltd. this week.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Tuesday October 13 that are worth another look.The numbers of cases of Covid-19 infection have begun to grow once more across Europe, and Fastmarkets has heard the fears of various market participants about the consequences that any new restrictions or lockdowns could have for...Read More
Aluminium premiums in the United States and Europe fell in the week to Tuesday October 13, with a narrowing cash/three-month contango on the London Metal Exchange and a backwardation on the December/three-month spread incentivizing market participants to sell off metal.Narrow LME spreads bring Rotterdam premium down 10% week on week.US Midwest premium also drops on narrowing contango.Main Japanese...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 13.Please click...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 13, 2020 Both US political parties enjoy referring to their horrifying debt and money printing programs as “economic stimulus”.They sound like characters in a George Orwell novel, which is quite disturbing. Of course, their insane actions are great news for gold.Please cli...Read More
An overview of the chrome ore and alloy markets and their latest price moves. China The spot domestic ferro-chrome price was supported at current levels by active demand on post-Golden Week restocking. Positive market sentiment for the charge chrome market stayed intact following the release of October ferro-chrome tender prices. Chinese leading stainless steelmakers Taiyuan...Read More
Customs officials in southern China have impounded just under 10,000 tonnes of copper 'concentrates' after it turned out to be smelting waste, which is prohibited from entering the country.Customs inspectors at Fangchenggang, in Guangxi province in southern China, said the cargo was reported by a Shanghai-based company as copper concentrates - a feedstock used by copper smelters for making refined...Read More
Total production was 78,959 ounces of gold, 171,825oz of silver and 18.2 million pounds of copper for 115,536oz of gold-equivalent.Read More
It said the hoist rope had detached from the skip during routine maintenance on Friday and the skip, or ore bucket, plunged to the bottom of the shaft.There were no injuries and all personnel were safely evacuated, Hudbay said."An inspection of the damage to the shaft is underway and it is expected to take several weeks to fully assess the damage and the remedial work needed," the company said.Hud...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW / TSX-V:SIM / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce $2.95M in revenue in Q2 2020, a 47% increase in sales over Q2 2019 with growing sales in North America resulting in a 25% increase in gross margins.Q2 2020 Highlights:Reports $2.95M of revenue in Q2 2020 vs $2.04MM in Q2 2019, an increase of 47% YoYQ2 2020 gross ma...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW / TSX-V:SIM / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce the appointment of LaRue Martz as US VP Sales for the Company's Uniden (R) cellular signal booster portfolio effective immediately.Mr. Martz is an experienced sales executive with a demonstrated history across various leading telecommunications companies, such as N...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report additional chemical assays from the summer drilling program at the Hurricane zone. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figure 1).Highlights:Chemical assays...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 13 that are worth another look.The numbers of cases of Covid-19 infection have begun to grow once more across Europe, and Fastmarkets has heard the fears of various market participants about the consequences that any new restrictions or lockdowns could have for...Read More
The Turkish steel mills have purchased further deep-sea scrap material at firmer prices, market sources said on Tuesday October 13.A steel mill in the Izmir region booked a US cargo consisting of HMS 1&2 (80:20) at $285 per tonne and bonus at $295 per tonne cfr.The supplier did not wish to disclose the composition of the cargo when contacted.This compared with the previous US cargo sold on October...Read More
Customs officials in southern China have impounded just under 10,000 tonnes of copper 'concentrates' after it turned out to be smelting waste, which is prohibited from entering the country.Customs inspectors at Fangchenggang, in Guangxi province in southern China, said the cargo was reported by a Shanghai-based company as copper concentrates - a feedstock used by copper smelters for making refined...Read More