The seaborne coking coal market was muted on Monday May 4 in the absence of China, the only country that has been buying metallurgical coal spot cargoes since the global spread of Covid-19. Fastmarkets indices Premium hard coking coal, fob DBCT: $107.12 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $117.33 per tonne, unchanged Hard coking coal, fob DBCT: $93.26 per tonne, unchanged...Read More
Seaborne iron ore prices were flat on Monday May 4 from Friday April 1 due to a holiday in China, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $84.04 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $86.70 per tonne, unchanged. 58% Fe fines high-grade premium, cfr Qingdao: $72.13 per tonne, unchanged. 65% Fe Brazil-origin fines, cfr Qingdao: $101.70 p...Read More
Key data from the pricing session in Europe in the week to Friday May 1.Key drivers European antimony prices down slightly on continuing weak spot demand, despite supply-led increases in China. Over the week, only small volumes - no higher than 5 tonnes - for standard grade II material were sold close to $5,850 per tonne, with offers...Read More
Africa offers pre-production and operating companies large areas of underexplored prospective terrain and, in many countries, established mining legislation. West Africa, in particular, has attracted many explorers, developers and producers looking to deliver competitive returns for shareholders. Notably, a number of countries on this continent have a free carried interest provision, whereby they...Read More
In the coming decades, the ability to combine massively reduced greenhouse gas emissions with wider business goals will be the hallmark of successful mining companies.Climate change is recognized by the Principles for Responsible Investment as "the highest priority ESG [environmental, social and governance] issue facing investors." It is a key focus for investment research and decision-making and...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) welcomed a court ruling on May 1 ordering the government of Papua New Guinea (PNG) to review a requested lease extension for the Porgera gold mine.The Canadian gold producer and its Chinese partner, Zijin Mining, temporarily halted operations at the mine in Enga Province a week ago, following Prime Minister James Marape's decision not to renew Porgera's long-sou...Read More
The S&P/TSX Venture Composite Index rose by 2.26%, or 10.45 points, to finish the trading week at 473.09, with gold finishing the week at US$1,702.90 per oz., a fall of US$26.60 per ounce.Probe Metals climbed 11% to $1.11 per share. The company reported results from winter drilling at its Monique property, 25 km east of Val-d'Or, Quebec. President and CEO David Palmer said the first results from t...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesSeven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootIn the meantime, especially as inflation fears grow and central banks shower an estimated US$7.Read More
AUPLATA MINING GROUP SA:Read full newsRead More
Several large-cap gold mining stocks are buy rated and have not experienced much negative analyst reaction just before earnings releases. Industry fundamentals are also upbeat.Read full newsRead More
The U.S. Energy Information Administration could soon begin publishing data related to the production of biogas and RNG. The agency has proposed to modify an existing information collection focused on natural gas to include these renewable fuels.Read full newsRead More
Noble Mineral Exploration contracted NPLH Inc., to commence an initial 1000m drill campaign on the Dargavel Township Gold Targets.Read full newsRead More
"Laurion $LME will not file its annual audited financial statements for the year ended December 31, 2019 and its related management's discussion and analysis prior to the filing deadline of April 29, 2020 https://t.co/9U3EiF3quJ #ResourceNews #Gold #Silver #preciousmetals"Read full newsRead More
".@AmexExploration is focused on its Perron property in #Quebec's #Abitibi Greenstone Belt and has #EricSprott as its largest strategic shareholder. Sign up for a free investor kit to learn more about one of the top-performing #TSXV stocks of 2019 https://t.co/RQa3qehGzG $AMX"Read full newsRead More
Gold Edges Higher as Trump Revives Trade War ConcernsRead full newsRead More
Just when you thought things couldn't get any crazier, here come the aliens!That's right, on Monday the Department of Defense released several videos that appear to show a UFO. Footage captured by Navy pilots displays a bizarre-looking craft that appears to be defying the laws of gravity and flight.They referred to it as "unidentified aerial phenomena."A pilot in the video actually said "What the...Read More
If ever there was a masterclass in the need to disaster-proof a supply chain, then the Covid-19 pandemic has provided a harsh reminder to the automotive sector that it's failing. It's a wake-up call for the industry, which, after a massive earthquake and tsunami hit Japan in March 2011, had vowed to end its "just in time" production philosophy and diversify its supply chain in orderto limit a repe...Read More
London Metal Exchange three-month base metals prices rose on Tuesday May 5, buoyed by increasing optimism for an increase in demand amid expectations that Covid-19 trade restrictions will continue to be eased in some parts of Europe while China's restart gathers momentum. China's market absence - due to the Labor Day public holiday from May 1 to May 5 - failed to dampen upward price momentum acros...Read More
The three-month tin price on the London Metal Exchange was higher across morning trading on Tuesday May 5, supported by the largest fresh cancelation in the tin market this year, while climbing exchange stocks and lackluster trade continues to pressure the aluminium price. The LME tin price was recently at $15,165 per tonne, up 0.5% from Monday's closing price of $15,085 per tonne. The price spike...Read More
Our good friend and silver guru David Morgan is the featured guest at the PCMA event on May 5, 2020 titled: COVID-19 AND THE "PERFECT STORM" FOR PRECIOUS METALS. You can still register at this link if you'd like to hear him.https://www.pcmacanada.com/events/EventDetails.aspx?id=1371474David Morgan is a widely recognized analyst in the precious metals industry and consults for hedge funds, high ne...Read More