Shipbreaking steel scrap prices in Turkey dropped during the week to Monday August 9, in line with prices for imported scrap, market participants told Fastmarkets.Turkish steel mills booked at least five deep-sea cargoes, with prices dropping through the week.Fastmarkets' assessment for steel scrap, heavy melting scrap 1&2 (80:20 mix) United States origin, cfr Turkey was calculated at $463.90...Read More

Brazil's pig iron export market dropped in the week to Friday August 6 due to pressure from bearish buyers in the United States, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $540-542 per tonne on Friday, down from $560-570 per tonne a week earlier.A sale of 55,000 tonnes of pig iron with September shipment was heard to...Read More

Stronger-than-expected United States employment figures on Friday August 6 turned the dollar higher, which weighed on prices, with most base metals weaker this morning, Monday August 9, but gold and silver underwent a 'flash crash' at the start of trading in Asia.Signs of a stronger US recovery weighed heavily on gold and silver on Friday, which led to a chaotic start to trading this morning. US 1...Read More

Key data from the Friday August 6 pricing session in London and ChinaKey driversCobalt hydroxide payables fell in the second half of the week to Friday August 6 after a rise on August 4, with a deal reported at a higher level. Most buyers were still reluctant to accept a higher level in the second half of the week considering...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...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.Read More

Chinese magnesium market participants which have strong capital resources have become the "middlemen" between domestic producers and exporters over the past few months, Fastmarkets has learned.Sources reported that such "middlemen" procured magnesium from producers, thus reducing plants' stocks and pushing up prices, and then sold the material to exporters which needed to fulfil overseas contracts...Read More

Privately held U.S. explorer-developer Arizona Sonoran Copper Company (formerly Elim Mining) is completing a preliminary economic assessment (PEA) on its Cactus porphyry copper project in Arizona before year-end, recently installed president and CEO George Ogilvie tells The Northern Miner.The company is working to reactivate the brownfields copper deposit in the shortest possible timeframe. In con...Read More

Chesapeake Gold (TSXV: CKG) has done for the Metates project in Durango, Mexico - one of the world's largest undeveloped gold-silver projects - what others before it could not. CEO and director Alan Pangbourne tells The Northern Miner that the company has cracked the code to undertake the heap leach processing of sulphide material that ultimately has the potential for Chesapeake to disrupt and enh...Read More

China Molybdenum will invest $2.51 billion into expanding copper and cobalt production at the Tenke Fungurume mine (TFM) in the Democratic Republic of Congo (DRC), the company said on August 7 in a filing to the Shanghai Stock Exchange.The new investment, which includes three ore production lines with an annual processing capacity of 12.4 million tonnes, will expand its annual copper output by 200...Read More

Key data from Fastmarkets' pricing session in Shanghai on Friday August 6.Key drivers China's domestic bismuth price ticked up with deals concluded within the assessed range. Demand from downstream industries was limited, while participants' purchases...Read More

KoBold Metals, a start-up backed by a coalition of billionaires including Microsoft co-founder Bill Gates and Amazon's founder and executive chairman Jeff Bezos, has partnered with Britain's Bluejay Mining (LSE: JAY; US-OTC: BLLYF) to explore for critical materials used in electric vehicles (EVs) in Greenland. KoBold, which uses artificial intelligence and machine learning to help find key minera...Read More

Euro Sun Mining (TSX: ESM) says it plans to float on the London Stock Exchange later this year, likely in September, as it looks to fund the first phase of its Rovina Valley copper-gold project in Romania. The junior, the first non-state-owned entity to receive a ratified mining licence in the European country, said a London IPO would raise its profile in the United Kingdom and global investmen...Read More

The S&P/TSX Composite Index rose 0.93% to finish the August 2-6 trading week at 20,475.40. The Global Mining Index fell 2.64% and the S&P/TSX Global Base Metals Index dropped 1.11%. The S&P/TSX Global Gold Index lost 4.42% to 295.18 and spot gold fell US$50.70 to US$1,763.10 per ounce.Nutrien jumped 56 ? to $74.74 per share. The company announced that it had signed a collaboration agreement with E...Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsMining and the lack of external investmentSPONSOREDswannCracks in the iron ore market, which first appeared last month, have widened alarmingly with the price of the steel-mak...Read More

The Dow Jones Industrial Average gained 273.04 points or 0.78% to 35,208.51 during the Aug. 2-6 trading week and the S&P 500 rose 41.26 points or 0.94% to 4,436.52. Spot gold fell US$50.70 to US$1,763.10 per ounce.Intrepid Potash posted the biggest gain - climbing US$4.00 per share to US$34.30 per share. The company reported second-quarter net income of US$19.5 million, or US$1.46 per share, a gro...Read More

The S&P/TSX Venture Composite Index rose 0.02 points or 0.002% in the August 2-6 trading week. Spot gold fell US$50.70 to US$1,763.10 per ounce.Shares of Filo Mining jumped $1.02 to $10.89. The junior reported drill results from its 100%-owned Filo del Sol project in Argentina's San Juan province. Drillhole FSDH049 returned 425.3 metres grading 91.5 grams silver per tonne, 0.42% copper and 0.44 gr...Read More

Kyrgyzstan's nationalization of Centerra Gold's large mining operation is one of the most brazen moves in recent years by a country to assert control over valuable natural resources, mining and legal experts say.Read full newsRead More

The owner of an inactive southwestern Colorado mine that was the source of a disastrous 2015 spill that fouled rivers in three Western states has sued the U.S. government, seeking nearly $3.8 million in compensation for using his land in its cleanup.Read full newsRead More

Kyrgyzstan's nationalization of Centerra Gold's large mining operation is one of the most brazen moves in recent years by a country to assert control over valuable natural resources, mining and legal experts say.Read full newsRead More