Nearly 80 percent of all gold produced in the U.S. comes from Carlin-type deposits in northern Nevada, but scientists still don't agree on how they came to be.Elizabeth Holley, assistant professor of mining engineering at Colorado School of Mines, has received a National Science Foundation CAREER award to tackle that scientific debate. Holley's project, "Did Carlin-type Gold Come From Magmas?", wh...Read More
However, CEO Mark Bristow said Randgold's group outlook for 2018 remained within the guidance of 1.3-1.35 million ounces.Randgold confirmed the intermittent industrial action Tuesday, although gave no reason for it.It added that Tongon continued to process ore from the run-of-mine and scats stockpiles.It said the subcontractor was negotiating to resolve the issue, with the minister of mines, senio...Read More
The idea was part of a formal proposal submitted to the Ministry of Mines to address concerns about the revised mining code and the government's search for new revenue. Read More
Base metals prices diverged on the London Metal Exchange at the close of trading on Tuesday April 3, with copper rising but aluminium dropping below $2,000 per tonne for the first time since August 2017.The complex started the day on a firm note before paring gains and moving back into the red near the close."The Chinese manufacturing numbers held up quite well, which was supportive, and the metal...Read More
China's ten largest copper smelters have set the base level for their treatment and refining charges (TCs/RCs) for the second quarter of this year 10.3% lower than in the first quarter, Metal Bulletin has heard.The China Smelters Purchase Team (CSPT) agreed during a meeting in Shanghai last Friday to fix the minimum levels for TCs at $78 per tonne and for RCs at $0.078 per lb, a source close to th...Read More
Turkish steel producers have resumed their deep-sea scrap purchases following the recent sharp decrease in prices, sources said on Tuesday April 3.A steel producer in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded, 5,000 tonnes of a mixture of HMS 1 and plate and structural scrap (P&S), and 5,000 tonnes of new cuttings, at an aver...Read More
Comex copper prices sustained momentum in the US morning on Tuesday April 3 with the fundamental outlook optimistic for the remainder of the year. Copper for May settlement on the Comex division of the New York Mercantile Exchange ticked up 0.10 cents or 0.1% to $3.0510 per lb. "While it is too early to assert that the rebound in copper will last, we think the bull market in copper will prevail th...Read More
The latest metal markets news and price moves to start the North American day on Tuesday April 3. Base metals prices were firmer on the London Metal Exchange today, extending gains from before the long Easter weekend at the start of the second quarter, the peak season for metals demand.Aluminium's three-month price, which bucked the uptrend on Thursday and dropped 1.5%, was recovering today and cl...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Tuesday April 3.Base metals traded on the Shanghai Futures Exchange took divergent paths during Asian morning trading on Tuesday, with copper consolidating after its push higher over the past week.The most-traded copper contract on the SHFE was at 50,550 yuan ($8,048) per tonne as of 10.53...Read More
Base metals prices diverged on the London Metal Exchange at the close of trading on Tuesday April 3, with copper rising but aluminium dropping below $2,000 per tonne for the first time since August 2017.The complex started the day on a firm note before paring gains and moving back into the red near the close."The Chinese manufacturing numbers held up quite well, which was supportive, and the metal...Read More
Comex copper prices sustained momentum in the US morning on Tuesday April 3 with the fundamental outlook optimistic for the remainder of the year. Copper for May settlement on the Comex division of the New York Mercantile Exchange ticked up 0.10 cents or 0.1% to $3.0510 per lb. "While it is too early to assert that the rebound in copper will last, we think the bull market in copper will prevail th...Read More
Kin Mining NL (ASX: KIN) is an emerging gold development company with a significant tenement portfolio in Western Australia's North-Eastern Goldfields. Kin's Board and management team expect to grow shareholder value in the near and mid-term with the development of the Leonora Gold Project (LGP) and continued exploration success.The LGP is near the heart of the Leonora/Laverton belt, a highly pros...Read More
Seaborne iron ore prices weakened slightly on Tuesday April 3 amid a subdued futures market, though buying interest appears to have increased. Metal Bulletin 62% Fe Iron Ore Index: $63.76 per tonne cfr Qingdao, down by $2.04 per tonne Metal Bulletin 58% Fe Premium Index: $52.09 per tonne cfr Qingdao, down by $0.40 per tonne Metal Bulletin 65% Fe Iron Ore Index: $81.50 per tonne cfr Qingd...Read More
Kin Mining NL (ASX: KIN) is pleased to provide an update on the Leonora Gold Project and corporate activities. Construction at the Leonora Gold Project (LGP) is well underway, with foundations for the CIL tanks and milling structures commenced. Foundations for the workshop are already complete with the workshop currently being erected.Highlights:• Construction has commenced with tank construc...Read More
Turkish domestic scrap prices have fallen over the past week amid weakening imported scrap prices, sources said on Tuesday April 3.Metal Bulletin's weekly price assessment for domestic auto bundle (DKP grade) scrap in Turkey was TRY1,270-1,500 ($320-378) per tonne delivered, down from last week's TRY1,300-1,520 per tonne.A number of steel mills and a major scrapyard have reduced their buy prices f...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia are expected to fall this week although some deals have been heard, sources told Metal Bulletin on Tuesday April 3.Demand was moderate in the UAE but continued to be weak in Saudi Arabia.UAEA cargo of 3,000 tonnes of hot-rolled coil (HRC) was booked at $620 per tonne cfr from China, while offers from the same origin were heard a...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 3.Please click...Read More
Industry veteran Andy Otto has joined Stratton Metals Ltd as a senior trader. Otto brings 30 years of experience in the metal markets, working as a...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday April 3Copper -$63.53 (-400.19 yuan) Aluminium -$297.36 (-1,873.02 yuan) Zinc -$115.32 (-726.37 yuan) Nickel -$620.14 (-3,906.17 yuan) *The physical arbitrage numbers...Read More
The latest metal markets news and price moves to start the North American day on Tuesday April 3. Base metals prices were firmer on the London Metal Exchange today, extending gains from before the long Easter weekend at the start of the second quarter, the peak season for metals demand.Aluminium's three-month price, which bucked the uptrend on Thursday and dropped 1.5%, was recovering today and cl...Read More