The European Commission (EC) has extended existing anti-dumping duties of 48.3-71.9% into seamless, stainless steel tube & pipe originating from China for another five years, it said on Tuesday March 6.The duties were confirmed at 71.9% for Changshu Walsin Specialty Steel, at 48.3% for Shanghai Jinchang Stainless Steel Tube Manufacturing and at 48.6% for Wenzhou Jiangnan Steel Pipe Manufacturing.T...Read More
Due to an administrative error, the stainless index was published on Tuesday March 6 2018, one day later than scheduled.Metal Bulletin's weekly raw materials index for Europe-origin grade-304 stainless steel should have been published as $1,531.44 per tonne on Monday March 5, but an administrative error delayed the publication until Tuesday March 6.Throughout Monday March 5, the index therefo...Read More
Limited offers and bullish sentiment resulted in import prices for steel billet in Southeast Asia rising further over the past week and those for slab in the wider region including East Asia to narrow upward.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $560-575 per tonne cfr for the week ended Monday March 5, up $20 per tonne from a week earlier.Numerous deal...Read More
British company Sirius Minerals (LON:SXX), the company building a huge polyhalite mine beneath a national park, is looking to raise up to $2 billion in government-backed debt to finish building its fertilizer project in North Yorkshire.Delivering preliminary results for 2017, the company said its main focus this year will be securing up to $3bn from banks, including roughly $2bn under the gover...Read More
US President Donald Trump's proposed tariffs on steel and aluminum imports are a "black day" for the world and businesses, BHP chief executive officer Andrew Mackenzie said Tuesday.Speaking at the AFR Business Summit, the leader of the world's biggest miner said Trump's protectionist move was just a way of propping up an uncompetitive industry.He was referring to the White House's plan to hike tar...Read More
Rio Tinto (ASX, LON:RIO) and two former top executives have filed a motion requesting a U.S. regulator's lawsuit accusing them of fraud for overstating the value of Mozambique coal assets to be dismissed.In the 71-page filing, quoted by FT.com, lawyers representing the company, its former chief executive Tom Albanese, and its ex finance director Guy Elliott argue the Securities and Exchange Commi...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More
Ontario's Minister of Northern Development and Mines, Michael Gravelle, announced today that the Northern Ontario Heritage Fund Corporation will provide funding to companies developing innovative technology for mining projects in the northern section of the province.Talking at the Prospectors and Developers Association Convention in Toronto, Gravelle said that by supporting such ventures his offic...Read More
South Africa's Directorate for Priority Crime Investigation arrested 33 people that were illegally extracting gold at the rehabilitated Ellerton mine, just outside the northeastern town of Giyani.In a joint operation that involved the Serious Organised Crime Investigation Unit?EUR? the Department for Mineral Resources?EUR? the Provincial Organised Crime Unit?EUR? Public Order Police?EUR? the Air W...Read More
https://www.reuters.com/TORONTO (Reuters) – While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making.An upbeat tone at the world's biggest mining conference comes as global exploration spending snaps a four-year decline, underpinned by a rebound in metals...Read More
Mining Exploration Is Making Comeback After Four-Year SlumpRead full newsRead More
21m at 19.35g/t among standout interceptsRead full newsRead More
Precious metals are spiking this morning with Gold testing $1340, dramatically outperforming all other assets since Trump initially hinted at tariffs...Read full newsRead More
In the heart of Alaska's remote southwestern Kuskokwim Mountains, two Canadian mining companies could soon get the green light to dig a massive open-pit mine to access what they describe as one of the largest undeveloped gold deposits in the world.Read full newsRead More
Report outlines lucrative rise of nefarious cryptomining groups and their complex new business models.Read full newsRead More
Until Graduate came along, college towns were the hottest market hoteliers never bothered to notice.Read full newsRead More
TORONTO, March 5, 2018 /CNW/ - Anaconda Mining Inc. ('Anaconda' or the 'Company') - (TSX:ANX) is pleased to announce that it will be participating in the PD...Read full newsRead More
(In this March 3 story, corrects headline, first and fifth paragraphs to remove timeframe for rise to record production; removes $ reference in second paragraph and corrects third paragraph to show ramp up at existing, not new, mines.)Read full newsRead More
The company behind the successful Roomba vacuum-cleaner robots could deliver huge returns if it maintains a forefront position in its industry.Read full newsRead More
VANCOUVER - Trifecta Gold Ltd. signed a letter of intent to option the Yuge Property, a high-grade gold prospect in northern Nevada, from Silver Range Resources Ltd., the company announcedRead full newsRead More