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

June 19, 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 applies.Fastmarkets assessed cobalt standard grade, in-whs...Read More

COBALT SNAPSHOT: Metal prices drift lower again; inquiries dwindle

June 19, 2020 / www.metalbulletin.com

Key data from the Wednesday June 17 pricing session in London. Key drivers  Increased spot inquiry fails to continue into this week, with market participants indicating a short round of pre-summer restocking, that has now been concluded.  Sources say strong...Read More

News of Tesla-Glencore supply deal fails to boost Chinese cobalt market

June 19, 2020 / www.metalbulletin.com

News that carmaker Tesla secured a cobalt supply deal with Glencore has failed to lend any support to blue metal prices in China so far this week, with market participants instead focusing on persistently weak downstream demand.Tesla will purchase cobalt from trader-miner Glencore to feed its new "Gigafactories" in Shanghai and Berlin, several media outlets reported on Tuesday June 16.The news imm...Read More

Canadian Mining Symposium day 3 features Randy Smallwood, Joe Foster

June 18, 2020 / www.northernminer.com

As the last day of the Canadian Mining Symposium (CMS) began on June 18, it was clear that the global community had embraced the online, virtual version of the annual event. Anthony Vaccaro, group publisher of The Northern Miner and head of global mining for Glacier Resource Innovation Group, said there had been considerable feedback, comments and questions posted by attendees since the CMS began....Read More

Vale to resume operations at Voisey's Bay

June 18, 2020 / www.northernminer.com

Vale (NYSE: VALE), the world's top producer of nickel and iron ore, is fine-tuning details to reopen its Voisey's Bay open pit nickel mine and concentrator in Canada, next month.Full capacity at the northern Labrador-based operation should be reached in August, the Brazilian mining giant said today.Vale initially placed Voisey's Bay mine on care and maintenance for four weeks as a precaution amid...Read More

MacDonald Mines extends gold mineralization at SPJ in Ontario

June 18, 2020 / www.northernminer.com

Drilling at MacDonald Mines' (TSXV: BMK) wholly owned SPJ property, 20 km east of Sudbury, has extended the strike length of the high-grade New Zone-Villeneuve trend to over 225 metres and the structure remains open.The company released results for six drill holes completed over the winter and spring. Highlights include 5 metres of 27.2 grams gold per tonne in hole 20-041 as well as 6 metres of 2....Read More

India to end decades-old monopoly on coal

June 18, 2020 / www.northernminer.com

India has taken a historic step towards ending the state monopoly on mining and selling coal by auctioning 41 mines in the country, a move that allows private companies to enter the sector.The announcement, which puts an end to more than four decades of state control over the coal industry, aims to solve a fuel shortage that threatens to reduce the nation's industrial activity.The measure also see...Read More

Roscan buys Komet's Dabia Sud gold property in Mali

June 18, 2020 / www.northernminer.com

Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has signed a definitive agreement with Komet Resources (TSXV: KMT) to purchase the 35-sq.-km Dabia Sud gold property, which lies directly north of the company's 254-sq.-km Kandiole project in the western part of the country.In May, Roscan entered into a binding letter of intent with Komet for this purchase. To acquire the asset, the company will make a $1.6-m...Read More

Gold miners will struggle to maintain 2019 production levels, Wood Mac says

June 18, 2020 / www.northernminer.com

Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight, according to research firm Wood Mackenzie's latest report.As organic growth is waning, miners are looking to buy gold through mergers and acquisitions to secure their future.So far this has fail...Read More

Yamana Gold gets predictability premium

June 18, 2020 / www.mining-journal.com

Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesNew York and Toronto listed Yamana Gold has an interest in five mines operating in Canada, Brazil, Chile and Argentina.Read More

FOCUS: Brazil's Asia steel scrap export route blooms amid renewed trade opportunities

June 19, 2020 / www.metalbulletin.com

Brazilian sellers have ramped up containerized exports of steel scrap into South Asian markets over the past year but this explosion in export sales is unlikely to be a long-term trend, sources have told Fastmarkets. Scrap collectors and processors in the country have traditionally sold the vast majority of their stocks in the domestic market, with only the excess being exported. But waning Brazil...Read More

In Latest #Liquidity Flood; #ECB Hands Out A Record ?,?1.3 Trillion In Negative Yielding TLTRO-III Loans

June 18, 2020 / www.zerohedge.com

The period of European sovereign crisis saw the introduction of TLTROs, and usage increased to ?,?1.26 trn. With today's auction, usage has risen to ?,?1.57 trn, the highest on record.Read full newsRead More

#Wirecard Shares Plunge 60% As Auditors 'Unable To Verify' $2 Billion In Cash On Its Books

June 18, 2020 / www.zerohedge.com

Once again, it looks like the bears and the skeptics were right all along. Read full newsRead More

Barrick Gold sells majority stake in China's Shandong for $210 million

June 18, 2020 / dlvr.it

Canadian gold producer Barrick Gold said on Tuesday it sold a partial stake in Shandong Gold Mining Co for $210 million, profiting off a rise in share price of the Chinese gold miner.Read full newsRead More

Nevada is the largest #gold-producing state in the US, with 23 major gold mines in operation.

June 18, 2020 / bit.ly

Few gold districts drive exploration excitement like Nevada.Read full newsRead More

$TSK @Talisker_Ltd Initiates 2020 Greenfields Exploration Program

June 18, 2020 / bit.ly

Talisker Resources Ltd. is pleased to announce that the Company hRead full newsRead More

$EMT Poona Project - Completion of Acquisition and Settlement

June 18, 2020 / bit.ly

eMetals Limited (ASX:EMT) (eMetals or Company) are pleased to announce the Company has completed the acquisition and settlement of the Poona project.Read full newsRead More

$AMX @AmexExploration Announces Closing of C$15.75 Million Bought Deal Private Placement

June 18, 2020 / bit.ly

Amex Exploration Inc. is pleased to announce that it has closed tRead full newsRead More

CERB Isn't Enough? Buy Dividend Stocks to Get More Passive Income

June 19, 2020 / www.fool.ca

If you lost your job because of the COVID-19, you’ve probably applied for the Canada Emergency Response Benefit (CERB). This aid will you $2,000 for a four-week period ($500 per week). Initially, you could claim the CERB for up to a maximum of four periods (16 weeks total) between March 15 and October 3. Prime Minister Justin Trudeau said Tuesday that the benefit will be extended by eight we...Read More

Investors, corporates don't view ESG risks alike - report

June 19, 2020 / www.mining.com

Image from Pixabay. Global investors and corporates are divided in their perception of sources of future environmental, social and governance (ESG) risks, according to a joint conducted by CRU and Fitch Ratings. The 2020 Metals and Mining Survey obtained responses from more than 100 corporate issuers and investors active in the sector across diverse geographies and activities. Corporates point to...Read More

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