Bob Moriarty ArchivesJan 25, 2018If you needed to be reminded that Japan sits on theRing of Fire and what that means for volcanos and earthquakes all you have to do is read about the latest 7.9 earthquake in Alaska. In Alaska the Pacific plate is being subducted under the Aleutian Islands arc. In Japan the Pacific plate is being subducted under the Kamchatka Peninsula arc. As a result you get a lo...Read More
Comex copper prices were little changed in the US morning on Thursday January 25 after the metal experienced outsized price movements over the last couple of sessions. Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.10 cents or 0.1% to $3.2295 per lb. The red metal saw prices tumble to a one-month low on Tuesday before rebounding on Wednesday, sugg...Read More
Analysts at Macquarie have cut their price forecasts for cobalt, citing easing tightness for the battery raw material in the coming years amid expectations of supply growth. Rising output from Glencore's copper-cobalt operations in Africa will push the market into a surplus in the medium term, for example, the analysts said. Cobalt output from Glencore's Katanga mine in the Democratic Republic of...Read More
Ferro-alloys trader Massimiliano Gentile has joined Belgian trading house Metraco, the company told Metal Bulletin. Formerly a senior trader at Euromet SA in Switzerland, Gentile will trade ferro-titanium from...Read More
Trader interest, limited supplies and strong aluminium prices have lent stability to spot alumina prices over the past two weeks. Metal Bulletin's daily fob Australia alumina index settled at $382.29 per tonne on Thursday January 25.The index has settled in a narrow range of $381.16-385.08 per tonne over the past two weeks, underpinned in the mid to low $380s by limited availability of Australian...Read More
Freeport-McMoRan is in talks with a group led by the Indonesian government to negotiate and create documentation for the divestment of a stake in its Grasberg project interests, the company said.The parties have a mutual objective of completing negotiations and the required documentation during the first half of 2018, Freeport added.Freeport operates the Grasberg copper and gold mine through its 9...Read More
Drilling operations are the Bruner Project in Nye County, Nevada. Source: Canamex Gold Corp.Canamex Gold Corp. [CSQ-TSXV; CNMXF-OTCBB, CX6-FSE] on Thursday January 25 released an updated Preliminary Economic Assessment (PEA) report for its Bruner Gold Project in Nye County, Nevada. The updated PEA was prepared in accordance with NI 43-101 standards of compliance. Base case results are predicated o...Read More
Aurora Cannabis Inc. (TSX:ACB) ups its offer for CanniMed Therapeutics Inc. (TSX:CMED) by about 80%SmallCapPower | January 25, 2018: After more than two months of bitter takeover battle, Aurora Cannabis Inc. (TSX:ACB) and CanniMed Therapeutics Inc. (TSX:CMED) announced Wednesday that they have entered into a friendly agreement whereby Aurora will buy CanniMed in a new and revised cash-and-stock...Read More
Xtra-Gold new diamond drill rig at their exploration camp in Ghana, West Africa. Source: Xtra-Gold Resources Corp.Xtra-Gold Resources Corp. [XTG-TSX, XTGRF-OTC] on Thursday January 25 announced "highly encouraging" results from the recently completed Bomaa Gold Project scout drilling program at the company's 100%-owned Kwabeng Concession in Ghana, West Africa.The company said a total of 17 diamo...Read More
After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone wondering if this is the beginning of the long-awaited epic run, or just a head fake preceding yet another grinding, protracted, soul-sucking decline. The following chart has a couple of technical indicators that, if history still matters, shed some l...Read More
Turkish steel mills went quiet again in the deep-sea scrap markets on Thursday January 25, but are expected to book more cargoes soon, according to market sources.The mills in the country took time out for a short break for price negotiations at the beginning of the week and returned to the market for a Baltic Sea cargo sold at $354 per tonne cfr for HMS 1&2...Read More
Rio Tinto is in preliminary talks to sell its stake in the Grasberg mine to the Indonesian government, according to the chief executive officer of Freeport-McMoRan.The US company, which operates the Grasberg mine through its 90.64%-owned PT Freeport Indonesia (PT-FI) subsidiary, is providing information to assist the sale process but has no control over its outcome, Richard Adkerson said. "The Ind...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Bell Copper (TSXV: BCU): Assay Information and Interpretation from the Kabba Project Vancouver, British Columbia - January 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Bell Copper Corporation (TSXV: BCU) ("Bell Copper" or the "Company") is pleased...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Labrador Gold (TSXV: LAB) Announces Results of Hopedale Exploration ProgramDistrict scale anomalous gold found along Florence Lake greenstone belt Vancouver, British Columbia - January 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Labrador Gold Cor...Read More
Comex copper prices were little changed in the US morning on Thursday January 25 after the metal experienced outsized price movements over the last couple of sessions. Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.10 cents or 0.1% to $3.2295 per lb. The red metal saw prices tumble to a one-month low on Tuesday before rebounding on Wednesday, sugg...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop ML Gold (TSXV: MLG) Begins Geophysics at Stars Project in Central BC Vancouver, British Columbia - January 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) ML Gold Corp. (TSXV: MLG) ("ML Gold" or the "Company") is pleased to report it has mobilized a...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Sienna Resources (TSXV: SIE) (FSE: A1XCQ0) (OTC Pink: SNNAF)Commences Operations On Slattberg Cobalt-Nickel-Copper Project in Sweden Vancouver, British Columbia - January 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Sienna Resources (TSXV: SIE) (F...Read More
You could turn $100 into a fortune!That is why ICOs (Initial Coin Offerings) boomed last year. New projects launched their own digital tokens. Everyone wanted to get in on the bottom of a skyrocketing cryptocurrency.Bitcoin easily fueled that desire. If you put $100 into Bitcoin in January of 2012, you would be sitting on over 200 grand now, assuming you didn’t get excited and sell when Bitc...Read More
Freeport-McMoRan is in talks with a group led by the Indonesian government to negotiate and create documentation for the divestment of a stake in its Grasberg project interests, the company said.The parties have a mutual objective of completing negotiations and the required documentation during the first half of 2018, Freeport added.Freeport operates the Grasberg copper and gold mine through its 9...Read More
Russia's Magnitogorsk Iron & Steel Works (MMK) has increased its production of downstream products 6.1% year on year in 2017 amid improved demand from the automotive industry and railcar producers.The company's range of downstream products includes tin plate, galvanized steel, polymer-coated steel, band, formed sections and pipes.In total, the company produced 2 million tonnes of various downstrea...Read More