Workers at ArcelorMittal Spain have called off the strikes that were scheduled to start on May 20 while they review a new offer concerning the implementation of a temporary layoff plan (known as ERTE), sources told Fastmarkets on Tuesday May 19.A series of token strikes that was scheduled to start on Wednesday, and which would affect the steelmaker's Asturias and Sagunto sites, was called off by t...Read More

Swedish state-owned iron-ore producer LKAB has confirmed that all production at its Kiruna mine has stopped following a seismic event on Monday, the company said on Tuesday May 19. All production has stopped after a seismic event, with a magnitude of 3.3, occurred at 3:11am on May 18, with no forecast as to when it will resume and an intensive inspection of the mine now underway, the company said....Read More

Turkish steel mills booked no new cargoes on Tuesday May 19 due to a public holiday pausing all trading activity, sources said.In addition to the public holiday, major cities remain subject to lockdown restrictions to curb the spread of the Covid-19 virus until Wednesday.Another lockdown...Read More

Seaborne iron ore prices remained bullish on Tuesday May 19 with solid increases in steel prices and strong transaction volumes for steel products.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $98.36 per tonne, up by $1.52 per tonne.62% Fe low-alumina fines, cfr Qingdao: $100.99 per tonne, up by $1.46 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $86.01 per tonne, up by $3.45 pe...Read More

Seaborne coking coal prices went up slightly on Tuesday May 19 due to trading activity in the Chinese market, but concerns arose over tighter restrictions on imports, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $116.98 per tonne, up $0.67 per tonne Premium hard coking coal, cfr Jingtang: $124.91 per tonne, up $0.81 per tonneHard coking coal, fob DBCT: $90.56 per tonne, up $...Read More

Five expatriate managers of SL Mining were arrested in Sierra Leone last week on allegations of inciting unrest that led to destruction of property in the township of Lunsar, the company said on May 16.SL Mining, a wholly owned subsidiary of London-headquartered Gerald International, said that no formal charges have been filed and its offer of bail had been denied.The miner added that it is "extre...Read More

China's domestic hot-rolled coil prices rose further on Tuesday May 19, though the increases led to trading activity thinning, sources told Fastmarkets.DomesticEastern China (Shanghai): 3,570-3,600 yuan ($502-506) per tonne, up 50 yuan per tonneNorthern China (Tangshan): 3,540 yuan per tonne, up 20 yuan per tonneGains in the futures market led sellers to raise their offers further but the incremen...Read More

China's domestic rebar prices moved up further on Tuesday May 19 amid expectations of economic stimulus emerging from the country's annual meetings of policymakers later this week. Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($501-505) per tonne, up by 30 yuan per tonneThe National People's Congress of the Communist Party of China will start its annual meeting on May 22 in Beijing while th...Read More

A string of Covid-19 cases among staff at Polyus PJSC, Russia's largest gold mine and main antimony ore supplier, could threaten exports of concentrates from the country, sources have said.The Olimpiada mine in the Krasnoyarsk Krai region of Siberia has reported that there have been 866 people infected with Covid-19 to date.Gold operations at Olimpiada were continuing as normal, according to Russi...Read More

European high- and low-carbon ferro-chrome prices increased last week, with industry sources reporting around 900 tonnes of done deals for high-carbon material and about half that for more refined-grade material.The high-carbon ferro-chrome price spread narrowed to $0.12 per lb after deals were reported that raised the lower end of the assessment. Deals for around 900 tonnes were reported and...Read More

Tianqi Lithium, China's top producer of the battery metal, says its controlling investor has put a sixth of its holding up for sale.The move, the Shenzhen-listed lithium miner said on May 18, seeks to raise much-needed cash to pay back debt the company racked up in an ambitious expansion overseas during the past two years.Chengdu Tianqi Industry Group, which holds a 36.04% stake in Tianqi Lithium,...Read More

This episode features the Q&A portion of Cameco's Q1 conference call that took place on May 1, 2020. Cameco president and CEO Tim Gitzel and vice-president and chief financial officer Grant Isaac discuss the impact of the coronavirus on uranium prices, as well as the difficulty the company has in obtaining an accurate uranium spot price, M&A and its ongoing tax dispute with the Canadian Revenue Ag...Read More

With restrictions on mining due to the coronavirus pandemic starting to ease, Newmont (TSX: NGT; NYSE: NEM) is back on track with all but one of its mines - Musselwhite in northern Ontario - slated to resume full operations in the coming weeks.Five of the gold miner's operations had been suspended because of coronavirus restrictions - four in March, including Yanacocha in Peru, Cerro Negro in Arge...Read More

Indian steelmakers have exported huge volumes of steel during the Covid-19 crisis, and sales closed by major producer Jindal Steel & Power (JSPL) have been at the very heart of this trend. In an exclusive interview, VR Sharma, JSPL's managing director, tells Fastmarkets how this feat was made possible and his expectations for the coming months.JSPL switched its attentions toward exporting steel at...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 resourcesAnd then there's the problem of the world's best manganese coming from mines in the Kalahari manganese b...Read More

Stocks were on a tear in April, almost clawing back everything they lost in March.Much of that rally has been pinned on the hopes that lockdowns would be over and the coronavirus would be sorted in short order.But the more we hear from medical experts and more fundamentally, from the rising numbers ofRead full newsRead More

"@aleksfx If you want to talk about a long term test line for gold,here's the 1869 Super long term trend line that connects the 1980 & 2011 high.It's the final long term resistance line.A YEARLY close above the LINE is required, but once it happens, a dramatic move to 10k will occur."Read full newsRead More

Amex Exploration Inc. is very pleased to report multiple drill reRead full newsRead More

Japan Gold announced on February 24, 2020 the formation of a Country-wide Alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan, covering the entire country, including 28 out of 30 projects currently held by the Company.Read full newsRead More

News of more tensions between US and China and a potentially new trade war sent waves through international markets at the beginning of the week. The two world leaders are currently locked in a battle of trying to pinpoint the origin of the coronavirus that shut down whole countries, disrupted supply chains and brought to halt entire sectors, causing an economic slowdown similar to the one during...Read More