February 1, 2018 - ATAC Resources Ltd. (TSX-V: ATC) announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling those parties to purchase up to a total of 3,165,000 common shares at a price of $0.55 for a period of five years.All options will vest on a quarterly basis commencing three months from the date of granting.About ATACATAC is a Yukon-...Read More
Morgan Bazilian, former lead energy specialist at the World Bank, will join Colorado School of Mines in February as the executive director of the Payne Institute for Earth Resources and research professor of public policy. As the Institute's inaugural executive director, Dr. Bazilian will be responsible for guiding and disseminating its policy-focused research and analysis, serving as the intel...Read More
Sir Fraser Stoddart, winner of the 2016 Nobel Prize in Chemistry, will be at Colorado School of Mines on Feb. 5 to give a public talk about his Nobel-winning research on the design and synthesis of molecular machines.Stoddart, professor of chemistry at Northwestern University, shared the 2016 Nobel Prize with Jean-Pierre Sauvage of the University of Strasbourg, France, and Bernard Feringa of the U...Read More
Treatment and refining charges (TC/RCs) for spot market copper concentrates dropped significantly during the second half of January, with smelters coming to the market for tonnages below benchmark rates and mine sales going at aggressive numbers.Metal Bulletin's copper concentrate TC/RC index dropped by $9.4 per tonne/0.94 cents per lb. Of that drop, $3.2/0.32 cents was due to the addition of a co...Read More
Lead prices on the London Metal Exchange were 1.7% higher at the close on Thursday February 1, with the metal continuing its fine performance since the turn of 2018. The three-month lead price hit a high of $2,668 per tonne earlier today, the highest since July 29, 2011, and closed just $3 shy of this high level. "The fundamental outlook for lead is strong with low exchange stocks while consumptio...Read More
Comex copper prices were trading in negative territory once again on Thursday February 1 with a bout of poor Chinese data offsetting strong US manufacturing figures. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.15 cents or 0.1% to $3.1940 per lb. The red metal has failed to set a clear price direction over the past few weeks and inconsistent data r...Read More
Iron ore prices remained largely stable on Thursday February 1 with transactions at Chinese ports and in the seaborne market being concluded at levels close to those a day earlier. Metal Bulletin's 62% Fe Iron Ore Index Today: $72.88 per tonne cfr Qingdao Daily change: down by $0.04 per tonne Month-to-date average: $72.88 per tonne Metal Bulletin's 58% Fe Premium Index Today: $59.59...Read More
Looking back to the last quarter of 2017, the average accuracy of MBR forecasts published in the Steel Market Tracker was 94% (when compared to forecasts published in the September issue). Our forecasts of European flat steel prices proved to be precise once again, with European domestic CRC and HRC prices scoring 99% and 98% accuracy respectively. Although we considered Chinese domestic rebar pri...Read More
The Turkish scrap import market remained quiet on Thursday February 1, with mills holding back in anticipation of a new price level, according to sources.There have been no new transactions heard since a US cargo was sold on January 30 at $348 per tonne cfr for HMS 1&2 (80:20).Suppliers did not want to follow that US cargo and lower their offer prices, Metal Bulletin was told."The mills are t...Read More
Ferro-alloys producer Ferroglobe has successfully completed the acquisition of a 100% interest in Glencore's manganese alloys plants in Mo i Rana (Norway) and Dunkirk (France) from a wholly-owned subsidiary of Glencore International, it said on Thursday February 1. Ferroglobe has received the necessary regulatory approvals in France, Germany and Poland for the purchases, the company added. The new...Read More
Comex copper prices were trading in negative territory once again on Thursday February 1 with a bout of poor Chinese data offsetting strong US manufacturing figures. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.15 cents or 0.1% to $3.1940 per lb. The red metal has failed to set a clear price direction over the past few weeks and inconsistent data r...Read More
TSX VENTURE: FCCwww.firstcobalt.com Mr. Trent Mell reports:TORONTO, Feb. 1, 2018 /CNW/ - First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the "Company") is pleased to announce positive drill results from its 2017 drill program, intersecting 25 metres of fracture-controlled mineralization in the Canadian Cobalt Camp.Figure 1. Bedrock geology and location of drilling stations in the 2017 dri...Read More
Glencore has set its 2018 production guidance for own-sourced nickel in 2018 at 127,000-137,000 tonnes of nickel metal, much higher than it produced in 2017, according to its production results report published on Thursday February 1. Market participants attribute the higher guidance to the ramp-up of Koniambo after its No 2 furnace was rebuilt in December. Glencore produced 109,000 tonnes of nick...Read More
TSX VENTURE: ALGwww.algold.com Mr. Fran??ois Auclair reports:MONTREAL, Feb. 01, 2018 (GLOBE NEWSWIRE) -- ALGOLD RESOURCES LTD. (TSX-V:ALG) ("Algold" or the "Corporation") is pleased to announce that it has entered into a non-binding agreement with Osisko Gold Royalties Ltd ("Osisko") to complete a CDN $2 million private placement (the "Offering") and grant a 1.5% NSR royalty on the Tijirit Go...Read More
TSX VENTURE: AAZwww.azincourtenergy.com Mr. Alex Klenman reports:VANCOUVER, British Columbia, Feb. 01, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. ("Azincourt" or the "Company") (TSX.V:AAZ) is pleased to provide an update on its upcoming exploration work programs with partner New Age Metals Inc. (TSX.V:NAM) at the five newly acquired lithium projects in the Winnipeg River Pegmatite Field, Mani...Read More
Stainless steel group Aperam expects a slight quarter-on-quarter improvement in earnings in the first three months of 2018, with higher sales volumes likely to be partially offset by a weaker European ferro-chrome benchmark.It expects earnings before interest, taxes, depreciation and amortization (Ebitda) for the January-March period to be slightly better than the $154 million in October-Dece...Read More
TSX: OGCwww.oceanagold.com Mr. Michael Wilkes reports:MELBOURNE, Feb. 1, 2018 /CNW/ - OceanaGold Corporation (TSX/ASX: OGC) (the "Company") is pleased to release its full year 2018 production and cost guidance. Additionally, the Company has provided details related to its capital cost program and expectations for the year.Mick Wilkes, President and CEO said, "We expect this year to be an exciting...Read More
The latest metal markets news and price moves to start the North American day on Thursday February 1.Base metals prices on the London Metal Exchange were largely range bound Thursday morning in London.Here is how the LME base metals complex looked at 11:48am in London time. For a snapshot of our exchange news...Read More
Indonesian miner PT Aneka Tambang's (PT Antam) bauxite production increased 192% to 705,322 wet metric tonnes (wmt) in the financial year 2017, ended on December 31, according to the company.Antam's bauxite sales volume amounted to 838,069 wmt in 2017, a 181% increased from 298,012 wmt in 2016. 71,079 wmt of this total volume was supplied to the Tayan Chemical Grade alumina plant, whilst the remai...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletCIS, export, billet, offered at $505-515...Read More