Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the dollar.Gold in USD - 10 Years - (GoldCore)U.S. producer prices accelerated in January, boosted by strong rises in the cost of gaso...Read More

VANCOUVER , Feb. 16, 2018 /CNW/ - Northern Vertex Mining Corp. (NEE.V) (OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce we have entered the final stages of commissioning at the Moss Mine. We have commenced leaching ore on the pad in preparation for our first gold pour in Q1 2018. The final US$3M working capital draw is underway as we transition from developm...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.The break in some markets to celebrate the Chinese lunar new year has driven commodity prices this week.Metal Bulletin's 62% Iron Ore Index increased to $78.43 per tonne cfr on Thursday, while Metal Bulletin's fob Australia indices for coking coal were flat at $229.57 per tonne for premium hard coking c...Read More

Shares in Rio Tinto-controlled Turquoise Hill Resources opened 3% lower on Friday after the Mongolian government reinstated a decade-old agreement ordering the Vancouver-based company to source power for its Oyu Tolgoi mine domestically.Rio Tinto, down 1.8% in New York, could face higher costs on its $5.3 billion underground expansion of the giant copper-gold mine in the South Gobi desert near t...Read More

Some coated flat steel prices in Turkey are expected to increase in the near future, driven by an expected domestic price rise for hot-rolled coil (HRC) and good export demand, sources told Metal Bulletin on Friday February 16.Domestic pricesMetal Bulletin's weekly price assessment for Turkish domestic hot-dipped galvanized coil (HDG) was $780-790 per tonne ex-works on February 16, compared with $...Read More

Domestic prices for hot-rolled coil (HRC) in Turkey have been largely unchanged over the past week, but mills are likely to raise their offers for May-production material, sources told Metal Bulletin on Friday February 16.Domestic pricesMetal Bulletin's weekly price assessment for Turkish domestic HRC was $630-645 per tonne ex-works on February 16, compared with $630-640 per tonne ex-works a week...Read More

JOHANNESBURG (miningweekly.com) – Despite positive sentiment and improving commodity prices, the African mining industry continues to face immense challenges, says Montero Mining and Exploration CEO Dr Antony Harwood.Addressing the African Mining Network’s (AMN’s) thirty-ninth networking dinner, on Thursday evening, he touched on the rapid development of new technologies such as...Read More

The base price assessment in Europe for 2mm, grade-304 cold-rolled (CR) stainless steel sheet has narrowed downward by ?,?20 per tonne over the past week, sources told Metal Bulletin on Friday February 16.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,100 ($1,323-1,373) per tonne delivered in Northern Europe, down from ?,?1,060-1,...Read More

JOHANNESBURG (miningweekly.com) – Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery.In a speech to the British Chamber of Business in South Africa on Thursday evening, he noted that South Africa’s fifth President since the...Read More

Prices for light iron, grade-5C steel scrap from the United Kingdom were largely unchanged this week, with buyers continuing to secure satisfactory volumes of material and paying current market prices, sources told Metal Bulletin on Friday February 16.The key scrap export markets in Turkey and India strengthened this week, but the knock-on effect to the UK grade-5C market has been limited so far,...Read More

In tandem with the yearly mining investment conference, Investing in African Mining Indaba, digital industrial company GE launched its global Digital Mine solution onto the South African market. The Mining Indaba ran from February 5 to 8in Cape Town.Advertisement Reliability GE Transportation introduced the Digital Minesuite of technologies to assist miners in improving performance, reliability a...Read More

The latest metal markets news and price moves to start the North American day on Friday February 16.Base metals prices on the London Metal Exchange were mostly higher during morning trading with prices holding firm near fresh 2018 high levels.The three-month copper price has rallied back above $7,200 per tonne with the rally underpinned by a weaker dollar - the dollar index is now back...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsZinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months, with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs this week. A widening contango in forward price spreads on the LME is contributing to bullish...Read More

Listen to this podcast on our site by clicking here or subscribe on iTunes here.The United States is facing a retirement crisis, as many of today's workers will lack the resources necessary to retire at a traditional age and maintain their standard of living.This time on Financial Sense's Lifetime Income Series, we spoke with Alicia Munnell, Professor of Management Science at Boston...Read More

Source: bastardo122 on RedditThe big question on my mind is whether this correction will be like the many we have faced or whether this correction is not like the others. The issue is that many of the fear indicators we've used in the past to pinpoint capitulation have been reached. Here's a look at some of those indicators.The VIX hit 50 and has currently dropped below 20.Source: StockCharts (Pas...Read More

"I am running for United States Senate to serve the people of Utah and bring Utah's values to Washington," Romney announced on Twitter.Continue...Read More

Metals prices on the London Metal Exchange are up across the board this morning, Friday February 16, by an average of 0.4%, while trading activity has been light due to the Lunar New Year holiday. Lead prices are up by the most in percentage terms, with a 0.7% rise, followed by aluminium (0.6%) copper (0.4%) at $7,217 per tonne, with nickel and tin prices up 0.35 and zinc little changed. With the...Read More

Colorado School of Mines has launched a new master's degree program that will apply a unique, multidisciplinary social science lens to natural resources and energy issues, preparing students for careers in energy and engineering companies, advocacy and government agencies.The new Natural Resources and Energy Policy (NREP) graduate program "is unique in that it targets engineers that are working in...Read More

Zinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs. It has been the best performing base metal on the London Metal Exchange since 2016. Prices climbed to $3,595.50 per tonne on Thursday February 15 - the highest since July 2007. "Last year, no one imagined prices could g...Read More

A widening contango in forward price spreads on the London Metal Exchange is contributing to bullish bids on miners' copper concentrate sales to traders.Copper concentrate treatment and refining charges (TC/RCs) subsided this week, with the Metal Bulletin index dropping 3% to $69.5 per tonne/6.95 cents per lb on Thursday February 15 in a week where smelter buying terms were largely stagnant.&...Read More