This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a 77-75-144 draw. The TSX Venture Exchange fell four points to 797 while polished diamond prices inched higher. Frank Smeenk's Debut Diamonds Inc.,badly in need of a second debut,clos...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $1.70 to $1,347.20 on Tuesday. The TSX Venture Exchange slipped 4.41 points to 797.55 while the TSX Gold Index rose 0.23 point to 189.59. Torex Gold Resources Inc. (TXG) led Canadian gold miners higher today,...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange slipped 4.41 points to 797.55 Tuesday. Richard Silas has filed a prospectus to list his first capital pool shell, Sanibel Ventures Corp. He plans to sell an initial public offering of between $200,000 and $400,...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellJohn Edwards, one of the alleged architects of the massive CMKM Diamonds Inc. fraud, has lost a motion to secure his release from jail. His lawyers had asked the judge to allow him out on medical grounds. They said that his health problems, previously...Read More
The latest news and price moves to start the Asian day on Wednesday April 18.Aluminium prices on the London Metal Exchange closed above $2,400 per tonne on Tuesday April 17 for the first time since September 2011, continuing the strong momentum triggered by the United States' imposition of sanctions against Russian aluminium producer Rusal. Read more in our live futures report.Here...Read More
Researchers from West Virginia University and the National Energy Technology Laboratory are working on a project aimed at extracting rare earth elements from the acid mine drainage found at various coal mine sites in the United States. Besides pioneering a new and less expensive method to recover the 17 elements, the scientists want to bolster domestic supply to reduce the current dependence on Ch...Read More
Many mining companies are not actually implementing their own policies concerning key commitments towards human rights and health and safety, according to a new assessment from the Responsible Mining Index (RMI) 2018.The Responsible Mining Foundation, a non-profit organisation based in the Netherlands, released its first RMI report in April 2018. The report aims to reflect the Foundation's support...Read More
Cypress Development Corp. (TSX-V: CYP) / (OTCQB: CYDVF) / (Frankfurt: C1Z1) is weeks away from publishing a NI 43-101 compliant maiden mineral (lithium) resource estimate. Over the past 14 months, 23 holes (21 of which bottomed in mineralization) were drilled on the Company's 100% owned Dean & Glory claim blocks in Clayton Valley, Nevada. Results demonstrated good continuity acr...Read More
Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) can be a volatile stock, but investors who get the timing right can book some impressive gains.Let's take a look at Canada's largest diversified mining company to see if it deserves to be in your portfolio today.ResultsTeck reported solid results for Q4 and full-year 2017. The company generated adjusted profit of $700 million in the quarter and $2.6 bill...Read More
Cypress Development Corp. (TSX-V: CYP) / (OTCQB: CYDVF) / (Frankfurt: C1Z1) is weeks away from publishing a NI 43-101 compliant maiden mineral (lithium) resource estimate. Over the past 14 months, 23 holes (21 of which bottomed in mineralization) were drilled on the Company's 100% owned Dean & Glory claim blocks in Clayton Valley, Nevada. Results demonstrated good continuity acr...Read More
Canadian Nuclear Laboratories (CNL) has invited small modular reactor project proponents to evaluate the construction and operation of a demonstration SMR project at a site it manages. CNL aims to have a new SMR constructed on its Chalk River site by 2026. CNL said the invitation represents the launch of its SMR review process, including the pre-qualification stage, which allows CNL to evaluate t...Read More
Base metal prices on the London Metal Exchange surged higher at the close of ring trading on Wednesday April 18, with nickel recording the highest intraday price difference since 2009. The metal found support during the afternoon amid concerns over further sanctions, reaching a high of $15,875 per tonne, the highest since December 2014. "I think it is fear rather than fact at this stage. Give...Read More
Metal Bulletin's daily fob Australia alumina index settled at $672.50 per tonne on Wednesday April 18, up 16.2% compared with the previous day's calculation, and the highest number recorded since the index launched in August 2010.Since the start of the year the alumina price has surged, with levels to date rising 71%. The more recent escalation in prices was initially driven by market tightness ca...Read More
Zinc ingot premiums dipped on a delivered basis in Italy and remain flat elsewhere in Europe, in Asia and in the United States on Tuesday April 17; meanwhile the lead market is eyeing cargoes from key exporter Iran, where the fallout of a currency crisis there is limiting shipments from the country. Delivered zinc premiums drop in Italy Lead market eyes currency crisis, exports from Iran Pr...Read More
...Only this time around they are sponsored by the U.S. Government and guaranteed explicitly by the Taxpayers. I say "explicitly" because Government agency-issued mortgages are directly guaranteed. In 2008, the Government bailed out the banks who had issued subprime mortgages and related derivatives, but the Taxpayer never signed up for the multi-trillion dollar bailout, which largely transf...Read More
Ray: "Est-ce que le feu est en train de prendre?Je n'ai jamais vu un pattern d'or prendre autant de temps pour faire un break-out. Nul doute que nos amis les banksters sont ? l'?"uvre. Salut, Raymond"K.C. : A mon avis, D'accord Ray....d'accord...d'accordEnglish translation: Ray suggests that the price action of gold is taking a lot of time to "break out" ...he believes that the manipulaters/ban...Read More
Tshipi sold 3.34 million tonnes of manganese ore in the twelve months to February 28, 2018, the manganese miner has announced.The figure represents a 47% increase in volume compared with the previous year. Tshipi, which became South Africa's largest manganese miner by export volumes in 2017, made a net profit of 1.9 billion South African rand ($158 million) in the year to February 28, compared wit...Read More
Metal Bulletin's daily fob Australia alumina index settled at $672.50 per tonne on Wednesday April 18, up 16.2% compared with the previous day's calculation, and the highest number recorded since the index launched in August 2010.Since the start of the year the alumina price has surged, with levels to date rising 71%. The more recent escalation in prices was initially driven by market tightness ca...Read More
Cash-strapped zinc smelters in China have brought forward and extended their planned maintenance to avoid further squeezes to margins as a result of softer treatment charges (TC), tight concentrate supply and low zinc prices, multiple sources told Metal Bulletin. "We have been hearing some southern China smelters calling for earlier maintenance due to a strained cash flow," a major zinc producer s...Read More
Riverside Resources (RRI.V) is coming through on its indications to focus on copper targets in Sonora as well, and the company has made good progress on its Ariel project, a 12.4 square kilometer mining concession in North-East Sonora. Riverside originally started to work on this property as part of the exploration alliance with Antofagasta (ANTO.L), and has now defined a wide zone of hydrothermal...Read More