Prices for seaborne iron ore pellets inched up last week, though those for concentrate fell amid a downtrending futures market.Fastmarkets iron ore indices65% Fe blast furnace pellet, cfr Qingdao: $215.11 per tonne, up $1.25 per tonne.66% Fe concentrate, cfr Qingdao: $177.12 per tonne, down $6.86 per tonne.Key driversSources said that fundamentals for iron ore pellets remained unchanged, which pro...Read More
Key data from Fastmarkets' Monday January 4 pricing session in London.Key drivers Rumors that the Chinese government was stockpiling further quantities of metal, primarily China-origin cut cathodes, triggered a flurry of activity. Europe and the United States were still returning from seasonal holidays and, with the stockpiling news yet to...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 15.35-16.00 on Monday...Read More
As it looks to a construction decision for its flagship Las Chispas silver-gold project in Sonora, Mexico, SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has announced that it has entered into a US$120-million credit agreement with RK Mine Finance for a total of US$120 million. The secured financing facility is intended to fund the construction of the proposed 1,250 tonne per day underground project...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb...Read More
Argonaut Gold (TSX: AR; US-OTC: ARNGF) has executed a fixed bid engineering, procurement, construction and commissioning contract (EPC contract) with Ausenco, an engineering and construction management company. The EPC contract covers construction of the Magino processing facility and other parts of the Magino open-pit pre-development project in Ontario and covers approximately 40% of the $480 to...Read More
Victoria Gold (TSX: VGCX) says an agreement with a syndicate of banks for a secured US$200 million debt facility will cut carrying costs by about 50% in 2021. The credit facility consists of a US$100 million term loan and a US$100 million revolving facility.The loan was used to repay the company's previously outstanding project finance facility, which included senior and subordinated debt that was...Read More
Australia's Lucapa Diamond (ASX: LOM) has kicked off 2021 with a bang with its recovery of a 113 carat gem-quality diamond from its Lulo mine in Angola, the seventeenth rock over 100 carats found at the asset.The company said the discovery was "particularly significant" as it demonstrated that large, high-value diamonds are present in the area that is the focus of its exploration program."Thi...Read More
UK-based conglomerate GFG Alliance has finalized the purchase of manganese alloy smelter Tasmanian Electro Metallurgical Co (Temco) in northern Tasmania, Australia, from Western Australia-based miner South32.The deal was subject to a binding sale and purchase agreement with South32 and Anglo American, made in August last year, and meant that Temco would join Liberty Steel Group as part of the GFG...Read More
The rapid and significant falls in manganese ore prices in 2019 and 2020 have created "frozen stocks," which are believed to have acted as a buffer for the ore market while also demonstrating some different characteristics over both years, sources told Fastmarkets.Fastmarkets' manganese ore index 37% Mn, cif Tianjin ended 2019 at $3.92 per dry metric tonne unit (dmtu), a decline of $2.19 per dmtu...Read More
Sustainable mining of lithium - a critical raw material in the manufacturing of lithium-ion batteries that also plays a pivotal role in vehicle electrification - has come under increased scrutiny over the past year amid an accelerated shift toward electric vehicles (EVs).This has prompted a raft of lithium incumbent and junior miners to disclose their environmental commitments over the course of 2...Read More
FPX Nickel's President & CEO Martin Turenne participated in the Mines and Money Pitch Battle. Listen now!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
With the market turning away from the yellow stuff, it's little surprise this gold mining company's stock suffered.Read full newsRead More
Zimbabwe continues to lose money from its gold mine through illicit trade and government monopoly.Read full newsRead More
For anyone that works, commuting might just be the worst part of the day. So with WFH and less time commuting, could we see a drastic change in the cities we...Read full newsRead More
Rover Metals Corp. is pleased to announce that it submitted a perRead full newsRead More
Rover Metals Corp. is pleased to announce that it submitted a perRead full newsRead More
Bitcoin has appreciated exponentially lately. It’s four times where it was trading a year ago. At US$32,795, it could be in a bubble. At least, it’s probably not a good time to buy. Though, investors who are bullish on it can still hold what they have as a part of a diversified portfolio.Historically, when the U.S. dollar falls relative to other currencies, the price of gold tends to r...Read More
Gold surged back above US$1,900 to start 2021. At the same time, Bitcoin dropped from its records highs. Investors are trying to decide if Bitcoin or gold is a better bet in 2021.Is this the right time to sell Bitcoin and add gold stocks to your portfolio? Why gold stocks look oversoldGold stocks peaked at the end of the summer and have since drifted lower. For example, Barrick Gold (TSX:ABX) (NYS...Read More