The base price assessments for flat and long stainless steel products in Europe remained stable this week amid strong competition between stockholders, sources told Metal Bulletin on Thursday March 29.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was ?,?1,050-1,130 ($1,299-1,397) per tonne delivered in Northern Europe on Thursday, unchanged...Read More
China's ferrous futures experienced a third morning of gains on Thursday March 29 after big losses toward the end of last week after both the country and the United States announced fresh tariffs against each other's products.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,260 yuan ($518) per tonne, up 42 yuan per tonne May hot-rolled coil: 3,616 yuan per tonne,...Read More
Persistently low buying interest in East Asia, inventory pressures in China, and falling nickel prices continued to push down the region's stainless steel market over the past week.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed CRC was $2,090-2,180 per tonne cif East Asian ports for the week ended Wednesday March 28, down $70-80 per tonne from a week earlier. Metal B...Read More
The European aluminium secondary market has set a fresh 2018 low for the seventh straight week due to falling London Metal Exchange and scrap prices as well as increased availability. Metal Bulletin's assessment of secondary aluminium 226 diecasting ingot prices fell to ?,?1,760-1,810 ($2,176-2,238) per tonne on Thursday March 29, down from ?,?1,790-1,840 per tonne on March 23. "It is a stran...Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan fell further this week with re-rollers holding off on purchases due to bearish sentiment in the market.Metal Bulletin's price assessment for Taiwanese imports of HMS 1&2 (80:20) from the United States was $340-345 per tonne cfr on Thursday March 29, down $15 per tonne from a week earlier.Traders in Taiwan said they did not conclud...Read More
Gold bulls are finding 2018 offers plenty of reasons to be cheerful.Read full newsRead More
"Our cybersecurity operations center detected a limited intrusion of malware that affected a small number of systems... Remediations were applied and this is not a production and delivery issue."Read full newsRead More
John CummingIn this episode we take a journey deep into the jungle of Suriname to talk with some of the people behind Iamgold’s astounding turnaround of its Rosebel gold mine. Once slated to close in 2018, mine life now extends past 2028, with over 14 million oz. gold in resources. Featured interviews by editor-in-chief John Cumming with GM Suresh Kalathil, CFO Gord Stothart and VP of Explor...Read More
Randgold Resources' Chief Financial Officer, Graham Shuttleworth, announced today that since the company declared its maiden dividend for the 2006 financial year, its dividends have increased by 1,900%. "Randgold Resources had one of the best years in its history of achievement and delivery in 2017, posting another production record of an already high base and pruning the cost of production to its...Read More
To understand how enzymes work,scientists need to make molecules involved in enzymatic activities visible through techniques such as fluorescence microscopy.However, many times molecules cannot be detected because they don't emit light. Gold can be the solution to such problem. A researcher with the Leiden Institute of Physics decided to tackle the issue by attaching single molecules to gold nanor...Read More
Canada's Northwest Territories and Nunavut, two of the three regions with the lowest income per capita, have experienced a dramatic decline in exploration spending during the last ten years, data from Natural Resources Canada (NRCan) shows.According to NRCan most recent numbers, spending in the N.W.T. is expected to decline to $81.3 million this year, down from $90 million in 2017. Exploration spe...Read More
Miners operating in the Democratic Republic of Congo submitted Thursday a new proposal for the government related to the recently passed new mining code, which substantially increases the cost of doing business in the central African nation.The likes of Glencore, Randgold, Zijin, China Molybdenum and Ivanhoe, among others, are suggesting a sliding scale of royalty rates for key commodities instead...Read More
South Africa's Gold Fields (JSE, NYSE: GFI) and Canada's Asanko Gold (TSX: AKG) are teaming up to develop one of Ghana's newest gold mine, the Asanko Gold Mine (AGM), is located in the country's Ashanti Region.As part of the deal, Gold Fields is acquiring a 50% stake in Asanko's local subsidiary, which gives it a 90% ownership in AGM, for a total of $203 million. The Vancouver-based firm is also g...Read More
Mid-tier gold and copper miner Aura Minerals (TSX:ORA) announced that it is working towards reactivating its Aranzazu and S??o Francisco gold projects in Mexico and Brazil, respectively.During a conference call held to announce its consolidated financial statements for the years ended December 31, 2017 and 2016, President and CEO Rodrigo Barbosa said that besides making efforts to bring the mines...Read More
https://www.bnn.ca/Peter Munk, the Canadian immigrant who founded Barrick Gold Corp. in the early 1980s and transformed it from a small-scale operation into a global empire, has died. He was 90.He died Wednesday in Toronto, according to a company statement. No cause was given.A serial entrepreneur, Munk's ventures ranged from high-end electronics to real estate. But it was as founder of Toro...Read More
Blockchain and gold meet at the crossroads of cryptocurrency Two start-ups launched products earlier this week that utilize the same technology used by cryptocurrencies to trade gold. (Stockhouse File Photo) Cryptocurrencies and the blockchain were touted by some as the a...Read full newsRead More
A Canadian data company specializing in artificial intelligence is working to enhance the transactional performance of private blockchains.Datametrex AI Limited has filed two patents through its joint venture with Graph Blockchain Limited that relate to proprietary methodologies, processes and algor...Read full newsRead More
Healthy-living and fitness platform Longevity United has launched its token sale (ICO) aiming to raise $15 million toward its new consumer-oriented app.This ICO is for its utility token, the Longevity Token, created in a joint venture with Eterly Inc. This app will be focused on health and fi...Read full newsRead More
TORONTO - Peter Munk, a Canadian immigrant who founded Barrick Gold and turned it into the world's largest gold producer, died Wednesday. He was 90. His daughter Nina Munk saidRead full newsRead More
Shares of gold miners have fared worse than the precious metal itself over the past year-a development that is fueling concern about bullion's ability to keep climbing.Read full newsRead More