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COKING COAL DAILY: Seaborne premium price in China rises furtther from 'bottom'

July 22, 2020 / www.metalbulletin.com

Fastmarkets' seaborne premium hard coking coal cfr China index continued to edge up slightly on Tuesday July 21 after the latest transaction saw it rebound further from last week's perceived 'bottom'.Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.26 per tonne, down $0.09 per tonne Premium hard coking coal, cfr Jingtang: $119.47 per tonne, up $0.91 per tonneHard coking coal,...Read More

Vale cautions against firm 2020 iron ore output outlook following Covid-19

July 22, 2020 / www.metalbulletin.com

Vale's iron ore fines output fell by 7.1% year on year in the first half of 2020, but the company has maintained its 2020 production guidance at 310-330 million tonnes and will assume the lower end, it said on Monday July 20.The company's iron ore fines production came to 127.2 million tonnes in the January-June period, down from 136.9 million tonnes the year before, which it attributed to the eff...Read More

Indian recyclers demand new rules to raise scrap use

July 22, 2020 / www.metalbulletin.com

Fresh regulatory changes and government mandates are required to raise the consumption of scrap metal in India, according to members of the Material Recycling Association of India (MRAI).Demand for recycled materials must first increase to stimulate higher collection rates of scrap in India, Ekta Narain, director of business development at technology company Recykal, said in an MRAI webinar last w...Read More

AT A GLANCE: BHP meets full-year guidance for metallurgical coal, iron ore

July 22, 2020 / www.metalbulletin.com

A summary of BHP's production results for metallurgical coal and iron ore for its financial fourth-quarter ended June 30, 2020, as stated in its latest production report released on Tuesday July 21.In brief       Metallurgical coal production for the company's 2020 financial year was down 3% year on year to 41.1 million tonnes due to significant wet weather events during the Ma...Read More

Silver v Gold – A Sign of the Times

July 21, 2020 / www.armstrongeconomics.com

QUESTION: Mr. Armstrong; I listened to one of your recent interviews and you said that silver may be better than gold going forward and that a gold standard was pointless because you cannot fix the price of gold while everything else floats. That was the best explanation I have ever heard. So my question is are you referring to common silver coins dated before 1965?HJ ANSWER: The silver to go...Read More

CHINA HRC: Domestic trading activity rises amid economic recovery

July 22, 2020 / www.metalbulletin.com

Trading activity in China's domestic hot-rolled coil market picked up on Tuesday July 21, with sentiment improving amid the country's economic recovery.DomesticEastern China (Shanghai): 3,900-3,910 yuan ($558-560) per tonne, up 20 yuan per tonneSeveral Shanghai-based traders told Fastmarkets that trading activity in eastern China had risen during the day in comparison with Monday, with rising futu...Read More

CHINA REBAR: EAF operators' maintenance takes pressure off prices

July 22, 2020 / www.metalbulletin.com

China's domestic rebar prices increased on Tuesday July 21 on market participants' expectations of a drop in production.Domestic Eastern China (Shanghai): 3,580-3,600 yuan ($512-515) per tonne, up by 10-20 yuan per tonneSeveral rebar producers that operate electric-arc furnaces are either planning to perform maintenance or have already started doing so amid high prices for steel scrap, in an effor...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

July 22, 2020 / www.metalbulletin.com

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

July 22, 2020 / www.metalbulletin.com

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it...Read More

PEOPLE MOVES: Ferroglobe names sales heads, foremost Craig Arnold as CCO

July 22, 2020 / www.metalbulletin.com

Ferroglobe has appointed Craig Arnold as its new chief commercial officer, effective immediately, in the second addition to its senior sales team this year of someone from a high-purity silicon background. "Mr. Arnold succeeds Jeff Watson, who chose to step down from his position to pursue other interests while being closer to his family in the United States," London-based Ferroglobe said on July...Read More

Brixton Metals Drills 1,885.00 g/t Ag, 4.68 g/t Au, 15.20% Cu over 0.97m within 82.00m of Sulphide Mineralization at its Hog Heaven Project

July 21, 2020 / brixtonmetals.com

July 21, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") announces final drill results from its maiden drill program at is wholly owned Hog Heaven Project, which returned multiple significant intervals of high-grade silver, gold and copper mineralization. A total of seven holes representing 1,400.35m were drilled of HQ sized core.High grade mineralization was encountered...Read More

US non-ferrous scrap exports inch up in May

July 22, 2020 / www.metalbulletin.com

Total exports of non-ferrous scrap materials from the United States increased slightly month on month in May after the global economy started to reopen following Covid-19 pandemic-induced shutdowns.Non-ferrous exports totaled 206,857 tons in May, up by 1.4% from 204,044 tons in April but down by 23.3% from 269,571 tons in May 2019.Year-to-date volumes have fallen by 13.4% compared with January-May...Read More

JV Article: A potential world-class source of lithium

July 22, 2020 / www.northernminer.com

Cypress Development's Clayton Valley lithium project in Nevada is on track to be a potential world-class source of lithium for the global electric vehicle marketLithium has become a critical component of our modern age and is used in rechargeable lithium-ion batteries for a range of electronics, including mobile phones, laptops, cameras, and hundreds of other devices.Furthermore, lithium-ion batte...Read More

Iamgold gives Cote the green light

July 21, 2020 / www.northernminer.com

Iamgold (TSX: IMG) and 30% joint-venture partner Sumitomo Metal Mining have decided to move ahead with their C??t?(C) gold project in northern Ontario.Construction at the US$1.3 billion, open-pit project is slated to begin in the third quarter, with commercial production expected in the second half of 2023. Over 60% of detailed project engineering is already complete.Iamgold estimates its 70% of t...Read More

Skeena tables resource for Snip gold project in BC

July 21, 2020 / www.northernminer.com

Skeena Resources (TSXV: SKE; US-OTC: SKREF) has released a maiden underground resource for its wholly owned Snip gold project, within B.C.'s prospective Golden Triangle.The resource is made up of the Main-V, Main-S and Twin West zones, and includes 539,000 indicated tonnes grading 14 grams gold per tonne containing 244,000 oz. gold, as well as 942,000 inferred tonnes, at 13.3 grams gold per tonne,...Read More

Radisson hits high grades at O'Brien

July 21, 2020 / www.northernminer.com

Drill results from Radisson Mining's (TSXV: RDS; US-OTC: RMRDF) wholly owned O'Brien project in Quebec include high-grade intercepts from areas below current resource boundaries and from zones around the existing deposit.Drill highlights include 32 metres of 3.07 grams gold per tonne from the Upper 36E area at a vertical depth of 430 metres. The hole was drilled near the western boundary of the de...Read More

The Northern Miner Podcast - episode 196: Iamgold CEO Gord Stothart on his career, the coronavirus and security in West Africa, part 1

July 21, 2020 / www.northernminer.com

This week's episode features the first of a two-part interview with Iamgold president and CEO Gord Stothart at the Canadian Mining Symposium, held on Zoom on June 16, 2020. Online editor Adrian Pocobelli asks Gord about the genesis of the name Iamgold, his career path, how the company is dealing with the coronavirus at its mine sites and security in West Africa.Gordon Stothart joined Iamgold at t...Read More

Top 10 Canada-based companies with substantial US assets

July 22, 2020 / www.northernminer.com

The U.S. is fertile ground for a variety of minerals, and Canadian companies are active throughout the country. The Northern Miner presents its top 10 list of the biggest Canada-based firms with substantial assets in the U.S., by market capitalization, as of July 24.1. Barrick GoldMarket cap: US$50 billionBarrick Gold's Cortez pit, looking north. Credit: Barrick Gold.Toronto-based Barrick Gold (T...Read More

Northern Dynasty awaits final permit at controversial Pebble project

July 21, 2020 / www.northernminer.com

Northern Dynasty Minerals (TSX: NDM) is poised to clear the last hurdle for its proposed Pebble copper-gold mine in Alaska this week, the regulatory chief for the U.S. Army Corps of Engineers in the state said.Speaking to reporters late on July 20, Dave Hobbie said a final environmental impact statement (EIS) recommending the development of the US$100 billion mine will be published in the Federal...Read More

Probe drills high-grade gold at Cadillac Break East

July 21, 2020 / www.northernminer.com

Deeper drilling in a previous drill hole intersected 8 grams gold per tonne over 9 metres at the Cadillac Break East property near Val-d'Or, Que., Probe Metals (TSXV: PRB; US-OTC: PROBF) says.Probe is earning up to a 70% stake in the property under a November 2016 option agreement with O3 Mining (TSXV: OIII), part of the Osisko Group of companies.Drill hole CBE-40 was deepened to followup on lower...Read More

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