Flory Wavumba Ilunga Drilling rock-bolt holes into the ceiling of the new water dam being constructed at Kakula. Image from Ivanhoe. Ivanhoe Mines (TSX: IVN) reported on Wednesday that crews at Kakula mine in the Democratic Republic of Congo (DRC) began mining and stockpiling ore with an average grade greater than 8% copper, with underground development approximately 4.4 kilometres ahead of sc...Read More
Schrock Run coal operations in Berlin, Pennsylvania. Credit: Corsa Coal Corp. Sprott Resource Holdings (TSX: SRHI) no longer has a stake in US coal miner Corsa Coal (TSXV: CSO), disposing of the 16.24 million common shares that it held at C$0.22 per share for aggregate gross proceeds of C$3.57 million. These shares represent approximately 17.1% of Corsa's issued and outstanding share capital.Cors...Read More
Markku Ter??svirta, President and CEO, Outotec, Matti Alahuhta, Chairman, Board of Outotec Mikael Lilius, Chairman, Board of Metso Pekka Vauramo, and President and CEO, Metso. Image from Metso. Metso and Outotec Oyj received on Wednesday an unconditional merger control clearance from the European Commission for the combination of Metso's Minerals business with Outotec.The companies also received...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 13 that are worth another look.China's Sichuan province is to implement an inspection regime to ensure steelmakers comply with the nationwide policy requiring the increased use of alloys to improve the quality of any rebar produced in the region.Glencore, Anglo American and Vale have been excluded from Norway's oil fund while...Read More
The three-month lead price on the London Metal Exchange was the underperformer at the close of trading on Wednesday May 13, slipping below nearby support levels against broad risk-off sentiment, while zinc futures similarly struggled over the afternoon.Lead's underlying price on the LME closed at $1,599.50 per tonne on Wednesday afternoon, falling from an intraday high of $1,632 per tonne, while t...Read More
Glencore, Anglo American and Vale have been excluded from Norway's oil fund while BHP has been placed on an observation list as the $1.1 trillion fund tightens up its environmental, social and governance (ESG) requirements. Glencore and Anglo American have been removed due to the fund's product-based coal criteria, which were made stricter last year, while Vale has been barred due to environmental...Read More
Raisings by mainly bottom-end juniors in April were down in the order of 30% from the previous corresponding period 12 months ago, with Read More
The sale of Freeport-McMoRan is not currently on the cards, particularly given the backdrop of its weaker share price, according to the chief executive officer of the US copper and gold producer. The mining company has been linked in recent months to a potential deal with Canada-based Barrick Gold, whose CEO Mark Bristow recently said he expects mergers and acquisitions activity in metals and mini...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ),a pioneer in military robotics, services, and innovation in the auto industry, today announced the appointment of Mr. Alan Rootenberg to the board of directors of the Company effective immediately. Mr. Scott Ackerman has resigned as a director to provide a vacancy for the appointment.Mr. Rootenberg is a chartered pro...Read More
Blackstone managing director Scott Williamson gave the broad estimate in response to a question after he presented at the NWR Virtual Resources Conference last week.Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 13 that are worth another look.China's Sichuan province is to implement an inspection regime to ensure steelmakers comply with the nationwide policy requiring the increased use of alloys to improve the quality of any rebar produced in the region.Glencore, Anglo American and Vale have been excluded from Norway's oil fund while...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report the results of a review of the winter 2020 drilling program at the Hurricane zone. A key highlight is the recognition of several areas with excellent potential to expand the mineralization. Discovered in 2018 on the Larocque East property, the Hurricane zone is a recent discovery of high-grade uranium. Laroc...Read More
By: Ira EpsteinGold is forming a triangle pattern and from that pattern, we will see how the price will breakout. In the meantime we have an uptrend..Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
He said yesterday the Onshoring Rare Earths Act of 2020, or ORE Act, was designed to establish a supply chain in the US, by providing tax incentives for the rare earths industry, requiring the Department of Defense to source the minerals domestically and establishing grants for pilot programs to develop the materials in the US."Our ability as a nation to manufacture defence technologies and suppor...Read More
Key data from the Wednesday May 13 pricing session in Singapore.Key drivers Japanese buyers are relying heavily on China exports with the United States, Europe and other suppliers short of tonnages on offer. Chinese suppliers want to hold onto their cargoes due to an increase in domestic demand, with...Read More
Turkish steel producers continued to book deep-sea scrap cargoes for June shipment on Wednesday May 13, but prices started to show signs of a downturn due to the weak rebar market, sources told Fastmarkets. A steel mill in the Marmara region booked a US cargo, comprising 12,000 tonnes of HMS 1&2 (80:20) at $252 per tonne and 18,000-20,000 tonnes of shredded at $257 per tonne cfr.But another s...Read More
Japanese export steel scrap prices have jumped in the week to Wednesday May 13 following an active week of trading, market sources told Fastmarkets.Prices in the Japan market were buoyed firstly by a rise in the Kanto tender sales early on Tuesday and then again by much higher deals closed into South Korea later in the day.South Korean electric arc furnace (EAF) mills are seeing greater long steel...Read More
Uncertainty about how the lifting of lockdowns will pan out, with some clusters of Covid-19 infections being seen in countries where lockdowns have been lifted, is unsettling markets this morning, Wednesday May 13. As such, base metals prices along with equity markets have started to pull-back, or at least their rebounds are on hold.Business loans for long-term investments drop by 15% in Europe in...Read More
The sale of Freeport-McMoRan is not currently on the cards, particularly given the backdrop of its weaker share price, according to the chief executive officer of the US copper and gold producer. The mining company has been linked in recent months to a potential deal with Canada-based Barrick Gold, whose CEO Mark Bristow recently said he expects mergers and acquisitions activity in metals and mini...Read More