The inferred resource contains 4.42 million tonnes at 5.72g/t gold-equivalent for 812,000 ounces AuEq, or 700,500oz of gold and 11.36Moz of silver.About 90% of the resource is contained in underground deposits grading 7.05g/t AuEq, with the remaining openpit resource comprising 1.2Mt at 2.13g/t for 82,000oz AuEq.Calibre Mining Corp (CN:CXB), the 49%-owner of the project and the current operator, h...Read More
Metal Bulletin looks at seven key things discussed in Xi'an last month at China Iron & Steel Association's 16th International Steel Market and Trade Conference that will have a major impact on the Asian and Chinese steel markets in the coming years.China plans to cut another 30 million tonnes of steel capacity in 2018China is planning to cut another 30 million tonnes of steel capacity in 2018 as p...Read More
RAPAPORT... Sales of jewelry and other luxury goods in Hong Kong grew inthe first two months of the year amid stronger employment rates and increasedtourism. Sales of jewelry, watches, clocks and valuable gifts rose21% to $2.05 billion (HKD 16.1 billion) in January and February, Hong Kong'sCensus and Statistics Department reported Tuesday. It was one of thehighest-grossing retail catego...Read More
The company, which has started consolidating its position across the Pyrenees region on the border of France and Spain, said it had concluded a placement with the issue of 26.1 million shares at $0.23, a 13% discount to the 20-day average of $0.265, to leading European institutions including one of the world's largest mining funds.Read More
China's rebar prices were unchanged on Wednesday April 4 ahead of the Qing Ming Festival, or tomb-sweeping day, on April 5-6. Meanwhile, fluctuating futures provided participants with little direction as to where the market might be heading.Domestic Eastern China (Shanghai): 3,650-3,700 yuan ($580-588) per tonne, unchanged Northern China (Beijing): 3,730-3,750 yuan per tonne, unchangedSome end-use...Read More
RAPAPORT... Herb Bridge, co-chairman of jeweler Ben Bridge and much ofthe force behind its global expansion, died at age 93 on Monday. Bridge grew up in the family-run business, which has been inoperation since 1912, and worked with his father in the store since childhood. Shortly after the US entered World War II, Bridge left thejewelry business and joined the navy, rising to the rank of rear ad...Read More
The company said the board had extended the closing due to the imminent publication of the Tulkubash oxide resource project's feasibility study results later this month, which would give a comprehensive update on the project, including capital and operating costs.It did not give a closing date, after previously giving March 30 as the deadline.In December, the company had decided to raise US$20 mil...Read More
SHANGHAI, Apr 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched up and stood firmly above 90 as US stocks rebounded and as the euro edged down.SHFE metals fell across the board, except for copper and nickel, with zinc down close to 1%. Most LME metals gained, with nickel up close to 1%. LME copper touc...Read More
The US high-carbon ferro-manganese market weakened on Thursday March 29, as latent spot market demand and ample supplies wore on pricing. American Metal Market assessed spot prices for high-carbon ferro-manganese in-warehouse Pittsburg at $1,500-1,600 per long ton on Thursday, down 3.1% from $1,550-1,650 per long ton previously. The market has been bogged down by lackluster spot activity in r...Read More
Via an unconventional deal that involves a C$2.6 million (US$2.03 million) investment in new Loncor shares plus a ‘share swap' of $2.5 million worth of Resolute shares for 25 million Loncor shares owned by Loncor founder Arnold Kondrat, the ASX miner has added to a portfolio that already includes a 27% stake in DRC gold explorer Kilo Goldmines (CN:KGL).Read More
China's domestic stainless steel prices fell again this week as high supply and weak demand continued to put pressure on the market.Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,800 yuan ($2,226-2,353) per tonne including VAT for the week ended Wednesday April 4, down 200-300 yuan per tonne from last Thursday. Buying in...Read More
SHANGHAI, Apr 4 (SMM) –Copper: The US dollar index climbed up and depressed copper prices following a release by the US of $50 billion of imports from China that could be subject to sweeping tariffs. LME copper moved around the daily moving averages and hit the 20-day moving average, while its SHFE counterpart performed similarly with a narrower trading range. SMM remains bullish...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Thursday March 29Ferro-vanad...Read More
SMM offices will be closed from Thursday April 5 to Friday April 6 for the Qingming Festival holiday. There will be no news publication during this period. For queries, please contact Daisy Tseng at daisy@smm.cn Read More
SMM offices will be closed from Thursday April 5 to Friday April 6 for the Qingming Festival holiday. There will be no news publication during this period. For queries, please contact Daisy Tseng at daisy@smm.cn Read More
SMM offices will be closed from Thursday April 5 to Friday April 6 for the Qingming Festival holiday. There will be no news publication during this period. For queries, please contact Daisy Tseng at daisy@smm.cn Read More
Benchmark Mineral Intelligence recently hired Andy Leyland from Wood Mackenzie to look at the long term, so Mining Journal asked him how far into the future the themes of early 2018 would continue.Read More
U.S. equity index futures were substantially lower this morning. S&P futures were down 41 points in pre-opening trade. Index futures are responding to news that China plans to impose tariffs on U.S. imported manufactured and agriculture goods valued at $50 billion. Boeing dropped $16.87 to $313.95 and technology stocks were notably lower. Gold gained $13.20 per ounce.Index futures were virtual...Read More
Prices for hollow steel sections in Southern Europe have fallen by ?,?5-15 per tonne this week with producers continuing to look for orders, market sources said on Wednesday April 4.A low volume of completed sales of hollow sections on the spot market has led Southern European producer sources to lower their price expectations in recent weeks."Producers in Italy are more keen to get orders than th...Read More