Star Diamond (TSX: DIAM) has recovered 3,534 diamonds weighing 210.68 carats from its ninth bulk sample trench excavated on the Star kimberlite at the Star-Orion South project in north-central Saskatchewan, Canada.The project is a joint venture with Rio Tinto Exploration Canada, which undertook the excavation of the ninth trench in 2019.According to Star Diamond, among the thousands of rocks recov...Read More
Bangladeshi steelmakers are likely to re-enter the market soon for purchases of deep-sea scrap cargoes due to low inventory levels, sources told Fastmarkets on Thursday December 31."Bangladeshi mills are getting more urgent to buy compared with a few weeks back. Feedstock will run low but so far, they have been resistant to book fresh bulk cargoes. It is now a game of chicken to see who will blink...Read More
A feasibility study has outlined a nine and a half year mine life for McEwen Mining's (TSX: MUX; NYSE: MUX) 100%-owned Fenix project in Sinaloa state, Mexico.The Fenix project is a proposed redevelopment plan for the company's El Gallo complex, and involves building a mill at the existing mine site that initially will reprocess the existing heap leach material, and then transition to process ore f...Read More
An increase in the number of physical scrap cargoes offered in key import market Vietnam in the the week to Thursday December 31 has dampened sentiment, market sources told Fastmarkets."Many Japanese sellers were offering lower so that they can clear out all their physical cargoes and close their trading books for the end of the year," a Vietnamese buyer source told Fastmarkets on Wednesday Decemb...Read More
Global zinc mine output will recover in the coming years following several years of decline, Fitch Solutions forecasts in its latest industry report, adding that after contracting by almost 10% between 2013 and 2020, annual output will commence a multi-year uptrend starting in 2021.High prices by historical standards have encouraged investment into a pipeline of new projects and restarts, which wi...Read More
The price increases for imported containerized ferrous scrap into Taiwan eased in the week to Thursday December 31 amid a year-end holiday lull.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $440-443 per tonne on Thursday, unchanged day on day but widening upward by $3 per tonne from $440 per tonne a week...Read More
Lower demand for Japanese H2 and H1:H2 heavy scrap from key foreign markets led to slightly lower prices for these grades in the past week, while prices for high-grade material have remained firm."I don't think overseas customers can follow last week's Japan scrap prices now - most Taiwanese buyers skipped purchasing Japanese scrap since there were more cargoes available from the United States," a...Read More
...bitcoin has posted its highest transaction volume since early 2018 as data points to more and more investors entering the market.Read full newsRead More
Pure Gold expects to reach commercial production at its eponymous mine by the end of Q1 2021.Read full newsRead More
/PRNewswire/ -- All through history, people have found security in gold during good times and especially in times of crisis. There are many purported reasons...Read full newsRead More
Growing gold company builds new projects, and new minesRead full newsRead More
/PRNewswire/ -- All through history, people have found security in gold during good times and especially in times of crisis. There are many purported reasons...Read full newsRead More
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