Seaborne premium hard coking coal prices continued to gain on Wednesday May 13 due to active trading in China's market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.17 per tonne, up $0.11 per tonne Premium hard coking coal, cfr Jingtang: $123.13 per tonne, up $2.12 per tonneHard coking coal, fob DBCT: $87.56 per tonne, up $0.40 per tonneHard coking coal, cfr Jingtang: $...Read More

The seaborne iron ore market largely maintained current levels on Wednesday May 13, with good demand for steel and consumption of iron ore continuing to support prices. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.63 per tonne, down $0.04 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $94.36 per tonne, up $0.16 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $78.88 per t...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

Australian iron ore major Rio Tinto and China's steel giant Baoshan Iron & Steel (Baosteel) have completed their first paperless, yuan-denominated iron ore deal, underlying both the increasing digitization of iron ore trades and importance of the Chinese currency, DBS Bank, which was one of the enablers of the deal, said on Tuesday May 12.The trade was done through Contour, an open trade finance n...Read More

Queues to remove metal from London Metal Exchange-approved warehouses were mostly non-existent at the end of April, according to latest LME data. There was only one queue across the whole LME network: at Istim's warehouses in Port Klang, Malaysia. The waiting time to take aluminium out of Istim warehouses in Port Klang was 26 as of the last working day in April 2020. This compares with a waiting t...Read More

- Detailed gravity surveys never previously performed over the project area- Gravity report interpretation shows good correlation between previously mapped and interpreted structural zones- Several areas of potential system-related alteration, including possible signs of dolomitization, identified for field follow-upELKO, Nevada, May 13, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "...Read More

Global nickel premiums were flat in the week to Tuesday May 12 amid subdued spot trade, despite optimism for commercial restarts in major global economies after the pandemic, sources said.Shanghai Futures Exchange to allow delivery of nickel briquettes, while China premiums staticMore inquiries fail to enliven spot business, keeping US premiums flatEuropean nickel premiums hold despite restart opt...Read More

Key data from the pricing session in London on Wednesday May 13. Key drivers  Market sources are indicating a slight uptick in inquiries for summer or fourth-quarter delivery, although the spot market remains relatively thinly traded. Weak demand is keeping...Read More

Spot-market prices for cobalt sulfate in China have risen this week on better sentiment after an inquiry for a large tonnage emerged last Friday, although the logistics restraints on the movement of cobalt raw materials remained.Fastmarkets assessed the price of cobalt sulfate, 20.5% Co basis, exw China, at 44,000-45,000 yuan ($6,194-6,335) per tonne on Wednesday May 13, up by 1.1% from 43,000-45,...Read More

Canadian authorities may launch a national security review of the imminent merger between Endeavour Mining (TSX: EDV) and Semafo (TSX: SMF), which would create West Africa's top gold producer.The proposed deal would bring together six mines into one portfolio, with a combined production estimated at over 1 million ounces a year.In a financial update, Quebec-based Semafo said the director of invest...Read More

First Vanadium (TSXV: FVAN; US-OTC: FVANF) has completed a preliminary economic assessment (PEA) for its Carlin vanadium project in Elko County, 10 km south of the town of Carlin in north-central Nevada."Getting to the PEA level for Carlin was a significant milestone for us and is a key part of the process for unlocking the value of the project," Paul Cowley, the company's president and CEO, said...Read More

Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has emerged as the latest suitor eyeing Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) in a recently tabled three-way merger proposal that includes its 19%-owned Gold X Mining (TSX-V: GLDX; US-OTC: SSPFX) to create a new mid-tier, South America-focused gold producer with operations in Colombia and Guyana.Gran Colombia's offer of 0.142 of a share for each G...Read More

Iamgold (TSX IMG; NYSE: IAG) reported high-grade assay results from a drilling program on the Rouyn gold project in Quebec, 4 km south of Rouyn-Noranda and 45 km southwest of its Westwood mine.The assay results came from the Astoria area and the Lac Gamble Zone on the project, optioned from Yorbeau Resources (TSX: YRB) in 2018.Iamgold said that material extracted from the Lac Gamble zone graded 27...Read More

Australia's Lucapa Diamond (ASX: LOM) has recovered a 171 carat gem-quality stone from its prolific Lulo mine in Angola, which was restarted in early May.The miner said the white diamond is the 15th 100-plus carat it has recovered to date from Lulo, and the second 100-plus carat precious rock found in 2020.The diamond was recovered from mining block six, where five other 100-plus carat diamonds ha...Read More

Seven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesIt seems there is nothing more dangerous than the awful combination of boredom, ignorance, and social me...Read More

Consultation launched as Australia starts to map its bioenergy future The Australian Renewable Energy Agency has started to develop a bioenergy roadmap. This was called for by the government late last year in the wake of the devastating wild...Read full newsRead More

"San Marco Intercepts Shallow Gold at Buck Property; 91 Metres of 0.80 g/t AuEq Within 156 Metres of 0.63 g/t AuEq and 81 Metres of 0.78 g/t AuEq Within 200.7 Metres of 0.51 g/t AuEqRead the News Release here: https://t.co/pJPXGNgW7W"Read full newsRead More

Silver Viper Minerals Corp is pleased to announce that it has entered into a letter of engagement with Eight CapitalRead full newsRead More

Rio Silver is pleased to announce that it has closed the previously announced non-brokered private placement for gross proceeds of $160,000.Read full newsRead More

In this day and age, you may be wondering what the best asset or TSX stock to invest in is. There is a tonne of uncertainty and no guarantees when putting your money in the stock market today.Despite a market rally in the last few weeks, there is nothing to stop the market from selling off once again.And when you consider that nobody knows how much our economy will be affected and the duration of...Read More