Mines and energy minister Bento Albuquerque. Image courtesy of Wikipedia The positive performance of Brazilian mining, even with the ongoing pandemic, reflects expectations of improvement in the country's economy, said Minister of Mines and Energy Bento Albuquerque on Thursday.Talking to investors on an e-mineracao symposium, the minister said revenue from mineral production in H1 2020 was 1% hig...Read More
Image of brown diamond provided by Lucrara Diamond. Lucara Diamond has found an avenue to sell its large diamond production from its Karowe mine in Botswana, through an agreement with HB Group, an Antwerp-based diamond manufacturer. The deal will ensure the company will see cash flow this year from a category of diamonds that normally accounts for 70% of its revenue.The diamond market has been s...Read More
OceanaGold operates both the Martha open pit and the Correnso underground mines in Waihi. (Image courtesy of OceanaGold.)The Waihi District preliminary economic assessment (PEA) from OceanaGold suggests an additional 2.2 million oz. of gold output from the Waihi district between 2021 and 2036.These additional ounces would be sourced from the Marth and Gladstone open pits as well as from the und...Read More
Mobility solutions kits Credit: TE TE Connectivity, a company specializing in connectivity and sensors, is now offering a new purchase option for high voltage terminals and connectors - hybrid and electric mobility solutions kits, which contain all of the parts needed to create an assembly in one easy-to-order package.These kits are available for several of the company's connector systems and ar...Read More
Silver investment demand is exploding in recent months, skyrocketing higher in wildly-unprecedented fashion! That has catapulted silver sharply higher since mid-March's COVID-19-lockdown stock panic. Accelerating even in this usually-weak summer season, the massive capital inflows deluging into silver show no signs of abating. This is very bullish for silver, yet most traders remain unaware it is...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Peruvian mining production of both copper and zinc tumbled in May year on year from 2019, despite recovering from April figures, while the country was gradually reopening from restrictions to combat the Covid-19 pandemic, Fastmarkets understands.The country produced 128,407 tonnes in copper content during May, down by 41% from 218,000 tonnes a year before, mining and energy private association SNM...Read More
It has not been an easy year so far for Peru's zinc and lead mining companies after the coronavirus pandemic swept through South America, with operations facing lengthy shutdowns as well as multi-year low prices for their products.Mining companies are turning to traders to obtain big blocks of cash amid live concerns over future earnings and with banks at their most cautious in a decadeKnown...Read More
Adam HamiltonArchivesJun 17, 2020 Silver investment demand is exploding in recent months, skyrocketing higher in wildly-unprecedented fashion! That has catapulted silver sharply higher since mid-March's COVID-19-lockdown stock panic. Accelerating even in this usually-weak summer season, the massive capital inflows deluging into silver show no signs of abating. This is very bullish for silver, yet...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Azure will have a 70:30 joint venture with Creasy at Turner River plus the Meentheena and Coongan prospects, and a 60:40 JV at the Andover nickel-copper prospect.Read More
Mastermyne managing director Tony Caruso told the Noosa Virtual Mining Conference he believed the acquisition provided a path for expansion of the ground consolidation business from coal into the hardRead More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday July 17.China The domestic market remained stable in the week ended Friday July 17, with limited spot trading, after many suppliers had sold out their cargoes available for this month. A number of smelters restarted their...Read More
Peruvian mining production of both copper and zinc tumbled in May year on year from 2019, despite recovering from April figures, while the country was gradually reopening from restrictions to combat the Covid-19 pandemic, Fastmarkets understands.The country produced 128,407 tonnes in copper content during May, down by 41% from 218,000 tonnes a year before, mining and energy private association SNM...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort330,20567,77759,596125,909427,927515,710555,300Change from Prior Reporting Period -6,825-1,8955,5667,4856,9116,22610,582Traders22765875666318190 Small Speculators LongShortOpen Interest 64,46524,875580,175 1,173-3,1837,399 non reportable positionsChange from the previous reportin...Read More
Spot gold getting higher than comex gold futures. Silver is still in bullish zone. Covid is spreading in nations which have opened after lockdown. Gold and silver are soft just due to vaccine hopes and nothing else. Rest of the factors are all bullish. Gold investment demand from ETF and others will not fall significantly unless there are other safe options. Federal Reserve meeting on 29th July...Read More
Exports of manganese ore from South Africa have almost quadrupled from April to July, according to preliminary trade data seen by Fastmarkets, and the majority will head to China, where inventories are already rising and prices have fallen sharply. South Africa will export almost 2 million tonnes of manganese ore in July from around 500,000 tonnes in April when South Africa was under strict lockdo...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Belaunde has a background as a consultant in community negotiation, real estate management, land and legal physical sanitation in the mining sector.Read More
Chinese domestic spot prices of both indium and germanium have yet to yield any gains after the provincial government of Yunnan announced further details on the commercial stockpiling of several non-ferrous metals, which in theory could lend some support to these metals, Fastmarkets understands. In the latest announcement, Yunnan's provincial government unveiled the exact volumes for the commercia...Read More