The seaborne coking coal market lost ground on Tuesday March 13 after a trade was reportedly done at a lower level. A top Australian brand with a March-laycan changed hands at around $220-221 cfr China, according to various sources. End users in China continued to stay on the sidelines in anticipation of lower prices, after as premium hard coking coal cargoes transacted some $6-14 per tonne cfr Ch...Read More

Due to a change in publication time by the London Bullion Market Association (LBMA) to midnight on the day of publication, the daily LBMA gold and silver prices will be published by Metal Bulletin on the following day. The change will apply to the prices below from April 1, 2018: Gold London Morning Daily Price $ per troy oz Gold London Morning Daily price ? per troy oz Gold London Afternoon...Read More

Low and high grade cobalt prices converged and continued to rise last week, amid heightening tightness for broken cathode and sellers' reluctance to offer to spot inquiries. High and low-grade cobalt prices were both assessed at $39.50-40.75 per lb, in-warehouse, on Friday March 9. The two grades were last assessed at parity on December 1. The high-grade price increased from $39.40-40.45 per lb on...Read More

Hiroki Oda has been appointed vice president, marketing and sales, for Freeport Cobalt, based in Tokyo, Japan, US-based parent company Freeport-McMoRan has announced.Oda will be responsible for strategy development, marketing and global sales for the entire Freeport Cobalt product line, and will report to Stephen Higgins, president of Freeport Cobalt.He was previously Freeport Cobalt's global busi...Read More

Despite the better-than-expected 2018 Chinese government's subsidy policy on electric vehicles (EVs), cobalt demand in local market is likely to be subdued after transitional period specified in the new policy expires in June, market participants told Metal Bulletin.As the market had expected, China's 2018 EV subsidy policy prioritizes pure EVs with a higher driving range and energy density. Yet,...Read More

Barrick Gold's chairman John Thornton has just given a fresh boost to the company's global employee share plan, leading by example.The boss of the world's top miner of the precious metal bought Tuesday 306,000 additional shares in the company, bringing his total share ownership position to 2,720,991 common shares.Two other directors also hiked their stake, Barrick said, including Rob Prichard - w...Read More

Rio Tinto-controlled Turquoise Hill Resources said Tuesday it had received an "information" request from the Mongolian Anti-Corruption Authority (ACA) to provide financial data associated to its giant Oyu Tolgoi copper and gold mine in Mongolia.The petition relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreeme...Read More

The world's fifth biggest gem-quality diamond ever found was sold for $40 million on Monday, the company that found the massive rock said.Africa-focused Gem Diamonds (LON:GEMD) dug up the D colour, Type IIa rough diamond, which is about the size of two golf balls, at its flagship Let??eng mine in Lesotho in January.The rock, named "The Lesotho Legend," was acquired by an unnamed buyer in Ant...Read More

Shares in Chilean miner Antofagasta Plc. (LON:ANTO) spiked Tuesday after it posted a 59% increase in profits to almost $2.6 billion last year, thanks to strong copper prices and cost-cutting measures that helped offset a slight decline in production.Net profit for the year ended Dec. 31 climbed to $750.6 million from $158 million a year earlier, a more than four-fold increase, which allowed the co...Read More

Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) is down more than 5% in the past month, and it might be a great time to buy the high-flying stock. Despite the struggles we've seen on the TSX recently, Teck Resources's stock is up more than 27% in the past 12 months. It continues to be a high performer, as steel-making coal prices remain strong.While there is a risk when it comes to investing in stoc...Read More

Stocks continue to defy gravity, gaining more ground in recent days, as they recover from last month's mini correction. While underlying economic fundamentals appear positive, there are growing fears of a looming correction. They centre on a range of economic and geopolitical fissures, which, in conjunction with increasingly frothy stock prices, have left pundits concerned that the slightest dilem...Read More

The U.S. administration has made it extremely clear by now that it is committed to pursuing a "weak dollar" policy as far as the foreign exchange markets are concerned.The weak dollar policy being pursued by the U.S. and Treasury secretary Steve Mnuchin will see the U.S. depreciate the value of its currency against global peers, including China, the European Union, and Canada.The basic idea behind...Read More

Chinese conglomerate CITIC (HK:267) has warned it will have to write down its troubled Sino Iron project in Western Australia by up to US$1 billion.Kristie BattenThe Sino Iron magnetite mine in WA is under threat of suspension 13 MARCH 201813/03/2018commentsshare The Hong Kong-listed company said the estimated impairment of US$800 million to US$1 billion was the result of a review of carrying valu...Read More

Lithium Chile (TSXV: LITH) CEO Steve Cochrane will be looking to get some positive momentum back in the company's share price with the imminent start of drilling at its Chile salar lithium ground, followed soon by the planned spin-out of copper-gold focused subsidiary Kairos Metals. Cochrane told Mining Journal joint venture prospects had also emerged, a positive given the minnow's big Chile landh...Read More

Anglo American (LN:AAL) will take on the role of teacher and career counselor in mining towns around the world.Staff reporter"Remember kids, if you write about Anglo's mining improvement plans, you must use the trademark symbol" 13 MARCH 201813/03/2018commentsshareAnglo has picked five new social and environment 2030 "stretch goals", which presumably won't result in bonuses being blo...Read More

Resurgent mining equipment hire company Emeco Holdings (ASX: EHL) has been forced to deny takeover speculation.Staff reporter13 MARCH 201813/03/2018commentsshare On its front page today, the Australian Financial Review reported that the company met with its major shareholder and lender, Connecticut-based Black Diamond Capital Management, recently with Macquarie bankers to discuss options.Read More

Johannesburg-listed Master Drilling (SJ:MDI) has become the majority owner of Sweden-based raiseboring specialist Bergteamet. Staff reporterMaster Drilling is hoping to boost its European raiseboring work with the acquisition of another 20% of BergteametMaster Drilling13 MARCH 201813/03/2018commentsshare Read More

Shorter lead times, smaller volumes and less onerous financing arrangements have seen portside iron ore trading grow in popularity over the past three-to-four years. Portside iron ore prices in China have largely remained at a discount to seaborne levels so far this year amid a slowdown in construction activity and high stock levels.According to estimates from a local information provider in China...Read More

JOHANNESBURG (miningweekly.com) – TSX-V-listed Tsodilo Resources has processed 724.7 t through the dense media separation (DMS) plant at its BK16 kimberlite project in Botswana, since commissioning the plant on January 18.This represented 141 samples out of a total of 243, or 6%, of the tonnage. These 141 samples have generated 2 778.6 kg of concentrate, translating to a DMS yield of 0.38%.A...Read More

Source: BloombergListen to this podcast on our site by clicking here or subscribe on iTunes here.While oil prices trade above $60 a barrel, up over 40% from their June 2017 lows, energy stocks have languished. Why the disconnect and will this persist?This time on Financial Sense Newshour, we spoke with Dan Steffens from Energy Prospectus Group to get his outlook on the energy sector...Read More