New research by S&P Global Market Intelligence has found that among more than 400 mining companies examined, actual capital expenditures fell 8% in 2020 regional lockdowns forced work stoppages and placed global supply chains under unprecedented stress.At the beginning of 2020, the miners' group was forecasting capex of US$162 million, a 9% year-on-year increase of 2019. But as the pandemic impa...Read More

First Majestic Silver (TSX: FRI; NYSE: AG) is investing $1.3 million in Blackrock Silver (TSXV: BRC; US-OTC: BKRRF), which has a portfolio of gold and silver properties in Nevada.First Majestic, which recently acquired the Jerritt Canyon gold mine in Nevada from Sprott Mining and has three producing silver mines in Mexico, is taking up just over half of Blackrock Silver's $2 million non-brokered p...Read More

Centerra Gold (TSX: CG) has sued the new external manager of its Kumtor mine, which was seized by Kyrgyzstan last weekend, claiming that he conspired to steal the asset from the company while he was a director.The Toronto-based miner alleges that former board member Tengiz Bolturuk, secretly co-operated with Canadian and U.S. lawyers, as well as with the government of Kyrgyzstan to stage the mi...Read More

Manitoba has ranked in the top 20 of the Fraser Institute's annual list of the most attractive mining jurisdictions for 21 of the last 23 years, and has an exceptional mineral profile across an entire suite of metals - from copper, nickel, zinc and gold to diamonds, graphite and strategic minerals. Eighteen of the 31 minerals that Canada placed on its new list of critical minerals released at the...Read More

Mako Mining (TSXV: MKO; US-OTC: MAKOF) says its San Albino gold project in northern Nicaragua may reach commercial production at the end of the second quarter.The 5000-tonne per day gravity and carbon-in-leach plant is fully operational and operating above 75% nameplate capacity. If the plant continues to operate at this level or above, Mako says, commercial production could be declared as soon as...Read More

Underground drilling by Wesdome Gold Mines (TSX: WDO) at the Kiena mine complex in Val d'Or, Quebec has expanded the high grade Footwall zone over 300 metres down plunge.Drilling in the footwall returned highlights of 41.2 grams gold per tonne over 51.2 metres (capped at 25.7 grams gold per tonne); 27.7 grams gold per tonne over 12.3 metres (capped at 27.7 grams gold per tonne); and 16.7 grams gol...Read More

Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingGregory told the RIU Sydney Resources Round-up the company was investing in exploration and di...Read More

SQM (NYSE: SQM), the world's No. 2 producer of lithium, doesn't seem worried about potential higher taxes for miners in copper powerhouse Chile, as it is pushing ahead with planned expansion plans in the nation, also a world's top producer of the battery metal.As the market is growing faster than expected, the company said it will fast-track existing expansion plans in Chile's lithium-rich Atacama...Read More

Russia's Ministry of Industry and Trade is proposing to double the export duty on ferrous scrap to ?,?90 ($109.82) per tonne in a bid to halt export growth and stabilize domestic prices of the raw material and steel products.The previously imposed rate of ?,?45 per tonne has not been enough to secure sufficient domestic supply of scrap and prevent excessive exports, the ministry said.The exis...Read More

Mining and commodities trader Glencore (LSE: GLEN) has joined forces with battery material supplier Umicore and other major miners to trace the cobalt they produce using blockchain technology.The group, which includes Eurasian Resources Group (ERG) and China Molybdenum (CMOC) are piloting Re|Source, a solution to track responsibly produced cobalt from mine to electric car.Tested in real operating...Read More

Prices for steel scrap imported into China inched up on Friday May 21 amid an increase in activity in finished steel products markets compared with earlier this week.Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $520-530 per tonne on Friday, up by $10-20 from $500-520 per tonne a day ea...Read More

Emerging Canadian junior Goldshore Resources ticks all the boxes to be a highly successful gold exploration and development company, says Brett Richards, Goldshore's president and CEO.Goldshore has assembled a "star-studded" management team, board of directors, and group of advisors, he says, who have extensive mining industry experience and strong track records of value creation, major discoverie...Read More

Key data from Fastmarkets' pricing sessions in Europe, India, the United States and China on Friday May 21. Europe  The manganese alloys markets jumped in line with inter-merchant demand ahead of expected renewed activity from steel mills in June for third-quarter delivery settlements.  This prompted more buying interest for short covering as it soon became clear there was a shortage of...Read More

Battery-grade lithium carbonate and hydroxide prices in China diverged over the week ended Thursday May 20, with the latter underpinned by persistent tight availability and robust demand in Asia.The lithium hydroxide price exw China edged higher on tight supply and robust buying appetite, while the lithium carbonate price softened. Seaborne lithium prices held steady amid supply tightness. Europe...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 20 that are worth another look.The iron ore market price has broken several records in 2021, with sky high prices for various iron-ore brands emerging even before the half-year mark - such as the iron ore 62% Fe index surpassing $200 per...Read More

Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingThe company has enjoyed a 500% share price appreciation over the past year because of its pote...Read More

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Be it gold, copper, cobalt or uranium, the African continent has powerful resources for mining.Read full newsRead More