CSE: XMGwww.mgxminerals.com Mr. Jared Lazerson reports:VANCOUVER, BRITISH COLUMBIA / January 30, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has commenced development of a scaled-up 20 kW system for use in utility-scale batter...Read More

Merafe Resources expects to report an increase in earnings per share for 2017 of up to 82%, due to higher chrome ore and ferro-chrome prices during the year. The Johanesburg-listed chrome producer, which operates a joint venture project in South Africa with trader-miner Glencore, expects to report basic earnings per share of 34.5-38.5 cents for the year to December 2017. This compares with 21.2 ce...Read More

ASX: ARVwww.artemisresources.com.au Mr. David Lenigas reports:West Perth, WA / January 30, 2018 / JMN Wire / Artemis Resources Limited (ASX: ARV) ("Artemis") advises that it has received firm "bought deal" commitments from a London Institution, Global Investment Strategy UK Ltd, to raise $4.5 million (before costs) through the issue of approximately 22.5 million fully paid ordinary shares ("Shares...Read More

Chrome producer Afarak has drawn up a proposal to delist from the Helsinki Stock Exchange, maintaining a single listing in London following a request from a major shareholder.Afarak, which owns assets including South Africa's Mogale Alloys and Germany's EWW, will hold an extraordinary general meeting on February 5 to consider the proposal. The company said it will offer to buy back shares at ?,?1....Read More

ASX: DEGwww.degreymining.com.au Mr. Simon Lill reports:West Perth, WA / January 30, 2018 / JMN Wire / De Grey Mining Limited (ASX: DEG) ("De Grey", "DEG", "the Company") is pleased to announce that it has decided to proceed to acquire all the shares in Indee Gold Pty Ltd ("Indee Gold") from Northwest Non-Ferrous Australian Mining Pty Ltd ("NNAM").This decision to proceed with the acquisition of In...Read More

The production of tungsten concentrates at Wolf Minerals' Drakelands mine in the UK increased 22% in the fourth quarter of 2017 from the previous quarter.Wolf Minerals' processing plant produced 43,498 metric tonnes units (mtu) of tungsten concentrates in the quarter ended December 31, 2017, the company said in a statement on Tuesday January 30.It treated 485,788 tonnes of tungsten, an increase of...Read More

Due to a tight market balance, Citibank expects spot prices to sustain in the near term at $6.50-7 per dry metric tonne unit (dmtu), cif, China.One of the strong supporting factors is China's increasing dependence on imports, which remains the most important catalyst for seaborne prices, Citi's analysts said in a report released on January 30.China's manganese ore imports grew 30% year on year dur...Read More

Supply concerns continued to drive Chinese ferro-vanadium and global vanadium pentoxide (V2O5) prices, while European ferro-vanadium prices found stability at slightly lower levels while market activity slowed. Low availability continues to drive Chinese FeV, V2O5 markets European ferro-vanadium prices stabilize at slightly lower levels US FeV market continues to run on supply concerns, trader int...Read More

Manganese ore prices continued to exhibit strength on thinning supplies last week, while Chinese alloy markets felt pressure from slowing demand. Tightening supplies drive ore prices upward Sluggish demand weakens Chinese alloy prices EU alloy markets remain firm in quiet market US alloy prices continue to run on cold-weather-related tightnessOre prices edge higher on tightening suppliesManganese...Read More

Noble Group has agreed on a restructuring deal with a group of senior creditors that would halve its existing debt and leave current shareholders with 10% of the restructured company, according to a statement from Noble on Monday January 29.Under the agreement, a group of senior creditors representing 30% of Noble's bonds and revolving credit facility will exchange their debt for a combination of...Read More

As Otto mentioned (link) the grades 'that should not be mentioned' mined during Q4 at the Valley of the Kings Wangs* was a lot lower than planned - 8.4 g/t vs 15.4 g/t, a 45% difference. *I'm pandering to my Chinese overlordsThe market didn't go yippee!down 35%Fortunately, the Brucejack web-page (link) contains all the answers to those irritating questions about grade, production and so on......Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $72...Read More

The latest metal markets news and price moves to start the North American day on Tuesday January 30.Base metals prices on the London Metal Exchange were lower across the board after prices corrected from last week's gains.Nickel prices are the worst affected, down over 2%, as the result of a sell-off. But prices do remain firmly above the $13,000 per tonne barrier...Read More

Iron ore prices tumbled below $73 per tonne cfr China on Tuesday January 30 after a drop in billet prices, with trades concluded at lower prices than a week ago. Metal Bulletin's 62% Fe Iron Ore Index Today: $72.97 per tonne cfr Qingdao Daily change: down by $1.36 per tonne Month-to-date average: $75.97 per tonne Metal Bulletin's 58% Fe Premium Index Today: $59.70 per tonne cfr...Read More

Seaborne coking coal prices were firm on Tuesday January 30, with sellers expecting interest from Chinese buyers for seaborne cargoes to support trading activity. A premium low-vol cargo was heard to have changed hands at around $215 per tonne cfr China, market sources said on Tuesday. This follows a trade on a higher-ranked cargo at $217.50 per tonne cfr China at the end of last week. Domestic co...Read More

The seaborne iron ore market continued to slip on Tuesday January 30 amid a slight drop in the price of billet. Key drivers The billet market weakened late in the day, with prices falling 10 yuan ($1.60) per tonne to 3,580 yuan per tonne. Not many inquiries for seaborne cargoes of iron ore were heard on Tuesday. Premiums for Pilbara Blend fines offered against the February average of a 62% Fe inde...Read More

China's ferrous futures fell during morning trading on Tuesday January 30, extending the losses experienced a day earlier. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,918 yuan ($619) per tonne, down 16 yuan per tonne May hot-rolled coil: 3,923 yuan per tonne, down 28 yuan per tonne Dalian Commodity Exchange May iron ore: 516.50 yuan per tonne, down 2 yuan per to...Read More

The London Metal Exchange has appointed James Cressy as its new chief operating officer, the exchange confirmed today. Cressy was previously head of operations for LME Clear and head of relationship management for the LME Group. "James's depth of...Read More

Despite beginning the year in good shape, the global iron ore industry is starting to experience a fresh drop in prices that has analysts trying to decide whether this is the start of a deeper downtrend or a pull-back.According to the Metal Bulletin, the price for benchmark 62% fines slipped Tuesday below $73 per tonne, down $1.36 per tonne month-to-date average.Chinese iron ore futures ticked hi...Read More

Mining giant Rio Tinto's (ASX, LON, NYSE: RIO) driverless trucks fleet has achieved a major milestone as it moved its one-billionth tonne of material in Western Australia's Pilbara region last month, the company said.The figure corresponds to roughly 25% of both ore and waste material hauled last year across the company's five sites in the Pilbara region, including the newly commissioned Silvergra...Read More