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

February 02, 2021 / 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 applies.Fastmarkets assessed...Read More

Standard-grade cobalt trades at premium over alloy on rallying sulfate market

February 02, 2021 / www.metalbulletin.com

Standard-grade cobalt was trading at a premium over alloy grade for the first time since February 2019 on Friday January 29 amid demand for briquettes and rallying payables for cobalt hydroxide. Some market participants had identified the potential for the standard grade price to gain ground ahead of alloy-grade in recent weeks due to demand for metal from China's cobalt salts sector, but the two...Read More

CHINA MAGNESIUM SNAPSHOT: Domestic price up on tight spot supply; export price flat in slow market

February 02, 2021 / www.metalbulletin.com

Key data from the Friday January 29 pricing session in Shanghai.Key drivers China's ex-works prices for magnesium increased on tight spot market supply after producers sold large volumes of the material on forward contracts. Sources said some downstream consumers ordered material at prices below 14,000 yuan ($2,167) per tonne and asked for the material...Read More

Glencore, Freyr agree letter of intent for cobalt metal supply

February 02, 2021 / www.metalbulletin.com

Glencore International has agreed a letter of intent for cobalt metal supply to battery cell producer Freyr, the company said on Monday February 1.The Swiss trader-producer will supply up to 3,700 tonnes of high-purity cut cobalt cathode produced at its Norwegian operations, Nikkelverk, to Freyr's planned facilities in Mo i Rana in Norway, it said without disclosing the time period for the intende...Read More

Brixton Metals Drills 375 oz/t (11,663 g/t) Silver, 0.7% Cobalt over 1.2m at its Langis Project, Ontario

February 01, 2021 / brixtonmetals.com

February 1, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce further high-grade drill results from its fall/winter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. The fall/winter program consists of 20,000m of drilling, of which 11,533.65m has been completed. Assay results for 4,881.05m has been...Read More

US Snapshot: Eight companies on the move

February 01, 2021 / www.northernminer.com

With a long-standing history of mining, a developed regulatory regime and prospective geology, the United States is an attractive destination for companies looking to find and develop mineral deposits. Below, we present eight companies with assets in the country.Americas Gold and SilverAmericas Gold and Silver's Relief Canyon open-pit gold mine, 153 km northeast of Reno, Nevada. Credit: Americas G...Read More

Getchell Gold hits high-grade gold at Fondaway Canyon in Nevada

February 01, 2021 / www.northernminer.com

Early results from the inaugural drill program at Getchell Gold's (CSE: GTCH; US-OTC: GGLDF) flagship Fondaway Canyon gold project in Nevada "exceeded expectations" says President Mike Sieb."We were thrilled with the initial drill results as the mineralisation was exactly where we had projected it to be," Sieb said in an interview. "Not only did the drilling encounter a broad zone of mineralisati...Read More

Golden Minerals pours first gold at Rodeo in Mexico

February 01, 2021 / www.northernminer.com

Golden Minerals (TSX: AUMN; NYSE-AM: AUMN) has poured first gold (150 gold-equivalent ounces) from its Rodeo open pit mine in Mexico's Durango state.Mining at Rodeo kicked off in mid-January after the company received the final environmental permits for the project in mid-November 2020.Mineralized material from the Rodeo mine is processed at the company's Velardena oxide plant, about 115 km away.G...Read More

Maritime Resources discovers new zone at Hammerdown

February 01, 2021 / www.northernminer.com

The most recent set of drill results from Maritime Resources' (TSXV: MAE) past-producing Hammerdown gold project in Newfoundland and Labrador suggests a new gold-silver discovery 150 metres east of the Hammerdown deposit. In addition, infill drilling at the Wisteria zone, along the southern edge of the deposit, returned broad gold intercepts.Assays from the new discovery, along strike from Hammerd...Read More

Big Oil mulls return to mining

February 01, 2021 / www.mining-journal.com

Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesOceanaGold marks three decades of gold standard mining SPONSOREDoceanagoldWhile he looks for ways to invest BHP's massive cash flows from iron ore Henry, and other mining company chief executiv...Read More

Probe drills high gold grades within Courvan trend at Val-d'Or East

February 01, 2021 / www.northernminer.com

Probe Metals (TSXV: PRB; US-OTC: PROBF) has released the results of 20 drillholes completed along the Courvan gold trend within its Val-d'Or East property in Quebec. The expansion drill results suggest several new high-grade discoveries, the company says.At the Creek zone, deeper expansion drilling returned intercepts such as 7.5 metres of 14.8 grams gold per tonne ("the richest drill intercept ev...Read More

CHINA STEEL SCRAP: Cisa suggests new tax policies to boost domestic, import supply

February 02, 2021 / www.metalbulletin.com

The China Iron & Steel Association (Cisa) has suggested preferential tax policies to stimulate domestic supply and imports of steel scrap to meet rising demand in China.For example, one method could be to increase the refund rate of the 13% value-added tax applied on the domestic prices, which buyers pay, Cisa vice president Luo Tiejun said at a press conference last week. He said that the governm...Read More

Premier unveils top-level team for i-80 Gold

February 01, 2021 / www.northernminer.com

Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has picked the management team for new U.S.-focused gold miner i-80 Gold Corp., a company formed as part of the $612 million (US$478 million) acquisition of Premier by Equinox Gold (TSX: EQX; NYSE: EQX).The friendly takeover, announced in December, proposed consolidating Premier's gold asset in Nevada under a new entity, headquartered in Reno.Key member...Read More

Glencore inks "ethical cobalt" deal with Norway's FREYR

February 01, 2021 / www.northernminer.com

Miner and commodities trader Glencore (LSE: GLEN) has inked a preliminary deal with Norwegian battery producer FREYR to supply 3,700 tonnes of "ethically sourced" cobalt metal cut cathodes.The cobalt, which will be produced at the Swiss company's Nikkleverk facility in Norway, will be a core component in FREYR's lithium-ion battery (LIB) cells to be produced at planned facilities in the town of Mo...Read More

Pilbara ports cleared due to tropical low

February 02, 2021 / www.metalbulletin.com

The Pilbara Ports Authority (PPA) issued three advisories over the weekend to clear ports in the Pilbara region in Western Australia ahead of a tropical low.The PPA said it instructed the ports of Port Hedland and Dampier to be cleared on Saturday January 30, and the Port of Ashburton the following day due to strong winds and heavy rainfall forecast across the region due to tropical low 12U.The Au...Read More

Silver's sudden price surge bumps Canadian mining stocks - BNN Bloomberg

February 01, 2021 / www.bnnbloomberg.ca

Shares in Canadian silver mining companies are posting double-digit increases as the price of the shiny white metal surges to multi-year highs driven by retail investors.Read full newsRead More

"It's Been Nuts": #Silver Surges Most Since Lehman Bankruptcy; Hits 7-Year High Over $30 $SLV

February 01, 2021 / www.zerohedge.com

...taking some heavy volume punishment since the US equity market opened.Read full newsRead More

Silver surges to 8-year high after buying frenzy

February 01, 2021 / bit.ly

Silver in the sights of RedditorsRead full newsRead More

Has Kyrgyzstan's new president Sadyr Japarov banned foreign-owned mines?

February 01, 2021 / bit.ly

New president Sadyr Japarov signs orderRead full newsRead More

10 missing at collapsed China gold mine confirmed dead

February 01, 2021 / dlvr.it

The remaining 10 gold miners who became trapped and unaccounted for following two explosions a couple weeks ago were confirmed dead on Monday.Read full newsRead More

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