Comex copper prices diverged from equity markets and returned to positive territory on Monday February 5, with the global environment remaining solid for the base metals group. Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 3.75 cents or 1.2% to $3.2250 per lb. The red metal dipped to a one-week low on Friday following a heavy selloff in equity markets...Read More

TSX: FFwww.firstmininggold.com Mr. Keith Neumeyer reports:VANCOUVER, British Columbia, Feb. 05, 2018 (GLOBE NEWSWIRE) -- First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (Frankfurt:FMG) is pleased to announce the drilling results of the four drill holes from its deep diamond drill exploration program within Zone 7 (see Tables 1 and 2) at First Mining's 100...Read More

European apparent steel consumption is forecast to increase by 1.90% year-on-year in 2018 and by 1.40% year-on-year in 2019, European steel association Eurofer said at a seminar held in Brussels, Belgium, on Monday February 5.European steelmakers gained EU market share over the course of 2017, with import volumes falling in the second half of 2017. Steel imports held a 21% share of apparent steel...Read More

TSX: GUYwww.guygold.com Mr. Scott Caldwell reports:TORONTO, Feb. 5, 2018 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) (the "Company") is pleased to provide an update on its greenfield exploration activities including drill results from a combined 2,500 meters reconnaissance-style drill program at its Iroma and Wynamu prospects.Iroma:The Iroma prospect is located 10km northeast of the Aurora Gold...Read More

ThyssenKrupp workers belonging to German trade union IG Metall have voted to support the collective wage agreement for the merger of the German firm's European flat steel division with those of Tata Steel, the union said on Monday February 5.The vote backs the completion of the 50:50 joint venture between the steelmakers, which will make the group easily the second-largest producer in the domestic...Read More

TSX VENTURE: MYAwww.mayagoldsilver.com Mr. Noureddine Mokaddem reports: Project Indicates After-tax IRR of 118% with an NPV6.5% of US $200.2 Million MONTREAL, QUEBEC--(Marketwired - Feb. 5, 2018) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to announce the results of an independent NI 43-101 Preliminary Economic Assessment Study ("PEA") on its Zgounder S...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: wire rod, rebarWire rodUkraine, export, wire rod, assessed at $580-595 per tonne fob Black Sea.Ukraine (ArcelorMittal Kryvyi...Read More

TSX: MOZwww.marathon-gold.com Mr. Phillip Walford reports:Highlights:New drilling to be added to the next resource update for the Marathon Deposit includes high-grade gold intervals from both shallow open pit and deeper underground depths including:A third drill rig has been added to conduct exploration drilling along the 3 km of bog and overburden covered ground between the Marathon and Sprite De...Read More

TSX VENTURE: TLGwww.troilusgold.com Mr. Justin Reid reports:TORONTO, Feb. 05, 2018 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX-V:TLG) ("Troilus" or the "Company") is pleased to announce the commencement of a 30,000 metre drill program at its Troilus Gold and Copper project located northeast of the Val-d'Or district in Quebec, Canada (the "Troilus Project") (Figure 1). Troilus has engaged the servi...Read More

Finished steel prices in Russia will be reliant on moves in the global market and on how well the rouble holds up against the US dollar in 2018, Yuriy Tsybulko vice-president at Russia's biggest trading company, Metallservice, told Metal Bulletin. "The Russian [steel] market directly depends on the global market, which is why our domestic market will be [affected] by the situation in Chi...Read More

Turkey's biggest steel producer, Erdemir Group, sold 7.60 million tonnes of flat steel products in 2017, an increase of 5.56% from the 7.20 million tonnes sold in 2016.The group reported earnings before interest, taxes, depreciation and amortization (Ebitda) for 2017 of TRY5.453 billion ($1.455 billion*). This was up by 101.91% from Ebitda of TRY2.701 billion ($720.47 million*) reported for 2016.T...Read More

Demand for flat steel will remain moderate in Turkey in February and price increases are unlikely because raw material prices are falling and end-user demand is unremarkable, market participants told Metal Bulletin.Metal Bulletin assessed the price of hot-rolled coil (HRC) at $630-635 per tonne ex-works on Friday February 2, down at the high end from $630-640 per tonne in the previous assessment b...Read More

Chinese ferro-silicon prices have edged down in line with tender purchase prices in the past week, with the European market easing amid reports of deals heard below the current range. China tracks lower tender purchase prices ...but supportive factors seen European price range eases US market firms while available supply thins Chinese domestic ferro-silicon prices were lower week on...Read More

Manganese ore prices have climbed higher in the past week, extending a run higher on relatively tight spot availability and consumer demand in China ahead of the week-long national holiday beginning on February 15. Manganese ore markets eye price increases on tight availability and Chinese demandEuropean alloys market extends trend of stable pricesUS silico-manganese prices tick higher Manganese...Read More

Tightening supply in China pushed up chrome ore and domestic and imported charge chrome prices in the week to Friday February 2, while the European market dipped and the US price range widened. Tight supply, transport disruptions push up domestic Chinese ore and alloy marketsCharge chrome import prices jump on rand appreciationPrices edge up in JapanEuropean market slips amid thin tradingUS marke...Read More

Richard Lewis has been appointed the managing director of Avon Metals. Lewis has worked for the Gloucester, UK-based secondary alloys producer since 2009 as its commercial director. Avon...Read More

The Young Mining Professionals (YMP) - a non-profit group with chapters in Vancouver, Toronto, Montreal and London, U.K. - has awarded its Mining Professional of the Year Awards for 2017 to Stephen de Jong, chairman of Vancouver-based gold-silver junior Integra Resources (TSXV: ITR), and Catherine Raw, executive vice-president and chief financial officer of Barrick Gold. (TSX: ABX; NYSE: ABX).The...Read More

The Turkish scrap import market was still silent at the beginning of this week, with the country's steel mills still in negotiations with suppliers, sources said on Monday February 5.The steel producers in Turkey had returned to the deep-sea scrap market at the end of last week for three deep-sea cargoes from the United States and the UK.Two steel mills booked US cargoes at...Read More

With the Chinese economy slowing down and steel margins being squeezed by higher raw materials costs and lower finished steel prices, the prospects for 2018 do not exactly look rosy.But pressures on the domestic housing market are easing and industrial growth is still above 6%, so with the Chinese New Year just around the corner, it's probably best to wait until after the celebrations to...Read More

China has officially approved the participation of overseas investors in the trade in iron ore futures on the Dalian Commodity Exchange (DCE), making it the first commodity contract to be internationalized by the country."The China Securities Regulatory Commission has [nominated] the iron ore futures contract on DCE a special product... open to foreign investors," local media quoted a spokesman fo...Read More