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 resourcesMonday marks the fifth anniversary of the company's ASX listing after it was demerged from BHP.Read More

Seaborne coking coal prices were relatively stable on Thursday May 14, with trading muted after premium hard coking coal prices rebounded in the last few days, Fastmarkets heard. Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.14 per tonne, down $0.03 per tonne Premium hard coking coal, cfr Jingtang: $123.16 per tonne, up $0.03 per tonneHard coking coal, fob DBCT: $87.56 per tonne, unc...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 resources"I think COVID-induced supply disruption recovery is going to take longer, which does bode well for the...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view. The iron-ore fines benchmark has remained strong after Brazil imposed lockdowns in several cities, sparking supply concerns in the market. Chinese industrial activity picked up in March and has remained stable since then, boosting the demand for iron ore. By the end of April, the average blast furnace utilization rates in C...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade.Index futures were virtually unchanged following release of Weekly Initial Jobless Claims at 8:30 AM EDT. Consensus was 2.7 million versus 3.169 million last week. Actual was 2.980 millionCisco gained $0.94 to $42.89 after reporting higher than consensus fiscal third quarter earnings. Th...Read More

China's domestic hot-rolled coil prices strengthened on Thursday May 14 amid support provided by steady demand from the infrastructure sector, sources said.DomesticEastern China (Shanghai): 3,420-3,430 yuan ($482-483) per tonne, up 30 yuan per tonneNorthern China (Tangshan): 3,390 yuan per tonne, up 40 yuan per tonneMarket sources reported robust trading during the day, with downstream buyers rush...Read More

China's domestic rebar prices were flat on Thursday May 14 amid a subdued market bracing itself ahead of the annual meetings of Chinese policymakers later this month.Domestic Eastern China (Shanghai): 3,460-3,490 yuan ($488-492) per tonne, unchanged While May 22 has been fixed for the annual meeting of the National People's Congress of the Communist Party of China in Beijing, that for the Chinese...Read More

China's stainless steel prices moved up over the past week on recent gains in the nickel market, but soft demand tempered expectations of any further increases.The three-month nickel contract on the London Metal Exchange ended its official trading session at $12,313 per tonne on May 7, up by $459 per tonne from $11,854 per tonne on May 5, the lowest point so far this month. The contract has shed s...Read More

Strategic & Precious Metals Processing's (SPMP) antimony and gold processing facility in Sohar, Oman, has sold 60 tonnes of antimony metal ingots for the first time, parent company Tri-Star Resources said in a release on Wednesday May 13.Tri-Star Resources considers it "an important step in the ramp-up of operations at SPMP," and expects the plant to be operating at 50% of capacity by the end of t...Read More

Cobalt metal prices in China continued to rise during the first half this week following strength in local cobalt futures, which are partially being supported by an upturn in the cobalt sulfate market and fresh buying interest from investors.Fastmarkets' price assessment for cobalt 99.8% Co min, ex-works China was 240,000-250,000 yuan ($33,839-35,249) per tonne on Wednesday May 13, up by 5,000 yua...Read More

Spot payables for cobalt intermediates moved higher in the first half of this week after buyers in Asia reviewed their nearby stock levels in the context of a slower-than-expected restart in shipping from South Africa, and border closures between Tanzania and Zambia. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China edged higher to 62-64% of the standard-grade metal price (low...Read More

Key data from Fastmarkets' pricing session in China on Wednesday May 13. Key drivers Domestic price stabilizes amid low liquidity due to limited buying interest, halting the uptrend seen in the preceding two weeks. Many consumers showed little interest in purchasing antimony this week after noticing demand for antimony trioxide...Read More

Newmont is to begin ramping up operations at its Pe??asquito lead-zinc-silver mine in Mexico on Monday May 18 following the government's designation of mining as an essential activity. The start-up of Pe??asquito is expected to take roughly two weeks to reach stable production levels, the Colorado, United States-based producer said. "As we begin to ramp up, Newmont will provide an update on the co...Read More

A summary of Tubacex, a Spanish manufacturer of seamless stainless steel tube, for the first quarter of 2020. In brief  Tubacex attributes weaker quarterly results to the Covid-19 pandemic.  The company's plants in Spain, Italy and India have been affected by shutdown measures imposed by the respective local governments.  At the rest of Tuvacex's plants, output was hampered by the n...Read More

China's leading stainless steel mills have raised their ferro-chrome tender prices for May deliveries, with one offering an additional payment for extra material delivered, incentivizing some smelters to increase their deliveries. But not all suppliers are enticed by the price hike because of a strong spot market and expectations of further price gains in the near term, Fastmarkets has learned. Ta...Read More

South America's prospective geology, established mining jurisdictions and well-developed infrastructure encourage companies to explore, develop and operate projects in the region. Below, we provide an overview of eight companies with precious and base metal assets on the continent.Altamira GoldTrenching at Altamira Gold Corp.'s Cajuiero gold project in the Juruena Mineral Belt of eastern Brazil. P...Read More

Corvus Gold (TSXV: KOR; US-OTC: CORVF) has discovered a new gold mineralized zone below the company's Mother Lode deposit, located 165 km northwest of Las Vegas in the Walker Lane gold belt in Nevada.Discovery hole 19-123CT, in the deposit's Central Intrusive zone, intersected 126 metres grading 2.6 grams gold per tonne, including 15 metres grading 8.9 grams gold per tonne and 25 metres grading 4....Read More

Don Lindsay joined Teck Resources (TSX: TECK.A/TECK.B; NYSE: TCK) as president in January 2005 and became CEO in April 2005. The long-time mining executive spoke at the Bank of America Securities conference on global metals, mining and steel on May 12. His remarks touched on the impact of trade wars and COVID-19 on commodity prices and margins, Teck's portfolio of assets, including its goal to inc...Read More

Viva Gold (TSXV: VAU) has announced results from a preliminary economic assessment (PEA) of the company's wholly-owned Tonopah gold project, located 30 km northeast of the town of Tonopah in the Ralston Valley of Nevada.The PEA estimates an open-pit heap leach operation with a mine life of six years, averaging 38,000 oz. gold per year, with annual production in the second and third years of 48,000...Read More

Teck Resources (TSX: TECK.A/TECK.B; NYSE: TCK), Canada's largest diversified miner, is facing pressure from investors who want the company to divest its energy and coal business and replace long-standing chief executive officer, Don Lindsay.Connecticut-based Impala Asset Management has emerged this week as the second investor in a month to criticize Lindsay's guidance. In excerpts of a letter to t...Read More