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Solaris to raise C$52M from insiders

December 15, 2020 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadershipBardoc eyes long-term growth in prime goldfields locationSPONSOREDbardoc goldDrill results multiply value options in front of YandalSPONSOREDyandal resources'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningThe funding will be used by Solaris to expand the ongoing exploration program at its Wa...Read More

Organic growth could double Sierra's production

December 14, 2020 / www.mining-journal.com

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company recently completed preliminary economic assessments on its three potential expansions and plans to advance these to pre-feasibility studies in 2021, which will be key for it to determineRead More

Base metals prices mixed despite generally healthy Chinese economic data

December 15, 2020 / www.metalbulletinresearch.com

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Tuesday December 15, this despite some healthy Chinese economic data.* Stricter lockdowns measures in many countries are a headwind for equity markets, which may flow into the metals* With gold prices up and US treasury yields down, this suggests a pick-up in haven demandBase metalsThe three...Read More

DAILY STEEL SCRAP: Price surge continues with fresh cargo deal

December 16, 2020 / www.metalbulletin.com

Turkish steelmakers continued to book deep-sea scrap for February 2021 shipments at increasing prices, sources said on Tuesday December 15.A steel mill in the Marmara region booked a European cargo comprising an 80:20 mix of No1 and No2 heavy melting scrap at $421 per tonne and bonus at $431 per tonne cfr. This compared with the previous cargo sold from the Baltic Sea region at $419 per tonne...Read More

German long steel producer suspends ops on scrap shortage

December 16, 2020 / www.metalbulletin.com

A shortage of scrap has forced Riva Group to halt steel making operations at its Hennigsdorf site in Germany, several sources told Fastmarkets on December 15.The rebar and wire rod producer had to suspend operations at the Hennigsdorf site, in Brandenburg state in the north east of Germany, last week because it had run out of steel scrap, several sources told Fastmarkets."Riva's Hennigsdorf has no...Read More

IRON ORE DAILY: Seaborne prices rangebound, active trading at ports

December 16, 2020 / www.metalbulletin.com

Seaborne iron ore prices were rangebound on Tuesday December 15 compared with the previous day, but trading activity had picked up at the Chinese ports, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $155.07 per tonne, up $0.70 per tonne62% Fe low-alumina fines, cfr Qingdao: $155.09 per tonne, up $0.38 per tonne58% Fe fines high-grade premium, cfr Qingdao: $143.90...Read More

COKING COAL DAILY: Premium cfr, fob prices diverge; coke supply tight

December 16, 2020 / www.metalbulletin.com

Premium hard coking coal cfr and fob prices diverged slightly on Tuesday December 15, with the premium hard coking coal cfr price up and fob price down, sources told Fastmarkets. Some coke producers in China proposed a ninth round of price increases - with an increase of 50 yuan ($8) per tonne starting from December 15 - and some steel mills accepted the proposal, sources said.Fastmarkets ind...Read More

Tech Talk for Tuesday December 15th 2020

December 15, 2020 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. Index futures responded to expectation of more government stimulus.Index futures were virtually unchanged following release of the December Empire State Manufacturing survey at 8:30 AM EST. Consensus was a slip to 6.00 from 6.30 in 6.30 in November. Actual was 4.90The Canadian Dollar add...Read More

CHINA HRC: Trading active amid price declines

December 16, 2020 / www.metalbulletin.com

China's hot-rolled coil prices declined for the second consecutive day on Tuesday December 15 after reaching a nine-year high on December 11, but trading activity has picked up, sources said.DomesticEastern China (Shanghai): 4,470-4,480 yuan ($683-685) per tonne, down 10-40 yuan per tonneOne Shanghai-based trader said she had won more deals on Tuesday than a day ago after cutting offers and that&n...Read More

CHINA REBAR: Domestic prices stop falling on futures gains

December 16, 2020 / www.metalbulletin.com

China's domestic rebar prices stopped their downtrend on Tuesday December 15 amid higher activity following stronger futures. DomesticEastern China (Shanghai): 4,130-4,160 yuan ($631-635) per tonne, unchangedBuyers raised their procurement rates following the futures market gains, sources said.Construction work in eastern and southern China was reportedly active over the day, Fastmarkets was told,...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

December 16, 2020 / www.metalbulletin.com

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...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

December 16, 2020 / www.metalbulletin.com

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...Read More

Umicore upgrades 2020 earnings guidance

December 16, 2020 / www.metalbulletin.com

Belgian battery-materials manufacturer Umicore has upgraded its 2020 earnings guidance following a stronger-than-anticipated performance in November and December in its catalysis and recycling segments, the company said on Monday December 14. Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to be in the region of ?,?530 million ($644 million), compared with the...Read More

Outokumpu upgrades Q4 guidance after unexpected sales boost

December 16, 2020 / www.metalbulletin.com

Stainless steel producer Outokumpu has upgraded its guidance for the fourth quarter of 2020 following better-than-expected sales, the Finnish company said on Tuesday December 15. With production facilities in Finland, Sweden, Germany, the UK, Mexico and the United States, and sales offices around the world, Outokumpu now expects its earnings before interest, taxes, depreciation, and amortization (...Read More

Europe FeSi price may jump 10% near term - sources

December 16, 2020 / www.metalbulletin.com

European ferro-silicon prices, which have been rallying since late October, will climb further near term and potentially challenge the annual peak of ?,?1,275 per tonne on tight supply both in Europe and non-EU countries and a gradual recovery in consumption, industry sources said.Fastmarkets last assessed the price for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe at ?,?1,12...Read More

Brixton Metals Significantly Increases the Number of Cu-Au Targets at its Thorn Project: 81 rock samples return over 1 g/t Au and 68 rock samples return over 1% Cu

December 15, 2020 / brixtonmetals.com

December 15, 2020 - Brixton Metals Corporation ("Brixton" or the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to provide its rock and soil geochemistry results summary from the 2020 season on its vast 2,594 square kilometer Thorn Cu-Au-Ag Project.  A total of 1473 rock samples and 5588 soil samples were collected throughout the Thorn Project.Highlights from 2020 Rock and Soil...Read More

The Northern Miner Podcast - episode 217: Canadian Nuclear Association CEO John Gorman on the next generation of nuclear reactors

December 15, 2020 / www.northernminer.com

John Gorman (CNW Group/Canadian Nuclear Association)This week's episode features an interview with Canadian Nuclear Association (CNA) president and CEO John Gorman, who discusses how nuclear power will play a key role in reducing greenhouse gas emissions. John explains how the next generation of nuclear reactors, called small modular reactors (SMRs), will likely be used on mine sites and how Canad...Read More

World Economic Forum tests blockchain technology for tracking carbon emissions

December 23, 2020 / www.northernminer.com

The World Economic Forum (WEF) has completed the initial stage of a blockchain platform for tracking embedded greenhouse gas (GHG) emissions across the mining industry's value chain.The WEF's Mining and Metals Blockchain Initiative (MMBI) released a proof of concept called the Carbon Tracing Platform (COT) to help mining companies trace emissions from mine to final product, the WEF announced in a...Read More

Neo Lithium closes equity investment from CATL

December 15, 2020 / www.northernminer.com

Neo Lithium (TSXV: NLC; US-OTC: NTTHF) announced it has closed a strategic equity investment by EV battery maker Contemporary Amperex Technology Co. Ltd (CATL).CATL, which supplies lithium iron phosphate batteries to Tesla, announced earlier this year that it will make a sizeable investment in Neo Lithium and help the company develop its lithium projects in South America.As previously planned,...Read More

Roxgold grows Seguela resources in West Africa

December 15, 2020 / www.northernminer.com

Gold miner Roxgold (TSX: ROXG; US-OTC: ROGFF) has released an updated resource estimate for its Seguela gold project in Cote d'Ivoire. The update features growth in the total ounce inventory, a 97% increase in the total indicated resources as well as an initial inferred resource for the Koula deposit.Indicated resources across the Antenna, Ancien, Agouti and Boulder deposits now total 12.8 million...Read More

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