South32 posted a significant year-on-year decrease in zinc, lead and silver production during its third fiscal quarter ended March 31, 2018, the company announced on Thursday April 19.The company's payable zinc production totaled 8,600 tonnes in the three-month period, 43% lower year on year and down 7% from the prior quarter's 9,200 tonnes.This brought its total payable zinc production for the ni...Read More
After the eventful rally on Wednesday, both the base and precious metals complexes have continued their upward momentum in the morning of Thursday April 19 with a broad-based commodity rally supporting all metals prices higher. Gains on base metals prices have averaged 1.2%, while precious metals have seen a 0.3% rise as of 6.27am London time. Trading volume on the London Metal Exchange is signifi...Read More
Rio Tinto produced 12.7 million tonnes of bauxite in the first quarter of 2018, an increase of 12% year on year, primarily driven by operational improvements, the company said on Wednesday April 18. Bauxite production at Rio Tinto's Gove mine in Australia, in which it holds a 100% interest, totaled 3.124 million tonnes in the first quarter of 2018, marking a notable 31% increase from the same peri...Read More
Import prices for stainless steel in East Asia maintained their upward momentum over the past week, with rapidly rising production costs resulting in higher Chinese offers.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,150-2,230 per tonne cif East Asian ports for the week ended Wednesday April 18, narrowing upward by $50 per tonne from a week...Read More
A complete ban on imports of category-7 copper scrap will be implemented by the end of this year, the Chinese government said on Thursday April 19.The newly created Ministry of Ecology and Environment will move 16 solid wastes that are currently deemed 'restricted', to the list of banned imports, according to the official statement. The ban will prohibit the import of scrap materials, including co...Read More
Key data from the Wednesday April 18 pricing session in Shanghai.Key drivers- Export and domestic aluminium ingot ADC 12 prices in China rose slightly in response to higher global primary aluminium prices.- The London Metal Exchange's three-month aluminium contract closed the official session at $2,548 per tonne on...Read More
Canada's Copper Mountain Mining (TSX:CMMC) has completed the acquisition of Australian junior Altona Mining (ASX:AOH) for A$93 million, or about $72 million at today's rates.As part of the deal, each Altona share will be exchanged for 0.0974 Copper Mountain shares, which equates to a 41.7% premium based on closing prices at the time of both companies first agreed on the deal, in November.The m...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, is stepping up efforts to remove so-called "conflict" precious stones from the market by launching a pilot program in Sierra Leone that will help trace the route gems dug up there by small miners.The trial, which aims at supplying retailers with "ethically-sourced" diamonds from artisanal miners based in the West Afr...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, revealed Thursday that revenue in the first quarter of the year had slumped almost 50% after reduced operations at its flagship Bulyanhulu gold mine continued to drag sales down.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said production dropped 45% to 120,981 ounces in the first three months of 2018 when compared to...Read More
Argentina's Deputy Secretary of Mining Policy, Mario Capello, said today that both the federal and the provincial governments have to work together towards relaxing the Glacier Law so that it becomes easier to develop Patagonia's massive copper deposits.According to the state-owned news agency T?(C)lam, Capello said that such deposits have the potential for producing 1 million tonnes of the red me...Read More
https://www.reuters.com/MELBOURNE (Reuters) – BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while also slightly raising its copper output expectations given higher production at the Escondida mine.The miner cut projections for fiscal 2018 iron ore production by 2 percent to between 272-274 million tonnes of...Read More
John Williams of Shadowstats.com, a leading online alternative economic-resource sees the potential for an explosive move in the PMs sector/commodities.According to Shadowstats, the official inflation numbers are significantly understated - consumers are being robbed as the pace of price increases exceeds wages.Shadowstats finds that the GDP is slowing at a rapid clip, which will be reflected in n...Read More
"This exposure was not the result of a clever hack, or well-planned scheme, but of a simple misconfiguration of an enterprise asset- an S3 storage bucket- which left theContinue...Read More
HighlightsErik is CEO of the instant Bitcoin and altcoin exchange, ShapeShift.io, a groundbreaking coin / token service that facilitates quick and virtually free exchange of nearly any cryptocurrency. A Bitcoin holder who wishes to convert BTC for Litecoin or any other currency, can do so online without the hassle or invasiveness of setting up a personal / business account. ShapeShift.io does no...Read More
By Ira EpsteinHigher move in US Dollar weighs on gold prices.http://iraepstein.com/ Read More
"that puts an asset back on the radar screens of non-true-believers....if this short squeeze has legs and generates some headlines, it could pull in..."by John Rubino of Dollar CollapseSilver's popping today.Which is what people following the futures market action have been expecting for several months now. Speculators - usually wrong at big turning points and almost always at least slightly net l...Read More
ZK International Group intends to build a new mill in its native China, to capture a larger share of the demand for stainless and carbon steel pipe that is vitally needed for water and natural gas transmission in the nation's immense infrastructure build-out.ZK also may seek acquisitions of existing pipe-making facilities while it attempts to quintuple production within about three years. The...Read More
At long last President Trump has made himself clear about marijuana laws... and it is great news for marijuana stock investors.He just struck a deal with Colorado's Republican Senator Cory Gardner to protect states' rights when it comes to federal crackdowns on the marijuana industry. In a late-night phone call, Gardner was assured by President Trump that he would back off of any federal threats t...Read More
Michael Kosowan is the CEO of Torq Resources. In this interview, he fields Sprott Money customer questions regarding gold, the Canadian dollar and the mining sector.Read More
Mr. Casey, founder of Casey Research, is one of the most sought after speakers. He has written two New York Times bestsellers, including "Crisis Investing," which was #1 for 19 weeks. He frequently contributes to LewRockwell.com and the Liberty. He has recently co-published two new books: "Drug Lord (High Ground)" and "Speculator (High Ground)".This speech was given at the Capitalism & Morality se...Read More