Iron ore prices dropped close to $74 per tonne cfr China on Tuesday January 23 amid weakening steel billet and futures markets. Metal Bulletin's 62% Fe Iron Ore Index Today: $74.29 per tonne cfr Qingdao Daily change: down by $2.32 per tonne. Month-to-date average: $76.50 per tonne Metal Bulletin's 58% Fe Premium Index Today: $60.73 per tonne cfr Qingdao Daily change:...Read More
The 2018 HackMines Newmont Innovation Challenge will take place Feb. 3, with student teams collaborating to solve problems centered around two themes: finding mineral deposits that have thus far eluded mankind and the role of digital transformation in unlocking value for a sustainable future.During the daylong event, teams will hear from mining experts about the relevant challenge areas before get...Read More
Sentiment in the seaborne coking coal spot market remained downbeat on Tuesday January 23, with lower offers failing to pique any interest among buyers. "Since there's very little interest, sellers will have to give larger discounts in order to seal the deals," a trading source said. But market participants reported that coking coal was fetching attractive prices at Tangshan's Jingtang port, which...Read More
Bo Wu, assistant professor of computer science at Colorado School of Mines, has received a NSF CAREER Award to develop techniques to support multitasking in graphics processing unit (GPU) computing.Wu's project, "Compiler and Runtime Support for Multi-Tasking on Commodity GPUs," will receive $501,546 over five years starting in May. Designed to accelerate parts of a single application and work as...Read More
Most buyers of flat steel in the United Arab Emirates and in Saudi Arabia preferred to delay their purchasing this week because end-user demand was not strong and they expected discounts, sources told Metal Bulletin on Tuesday January 23.UAEHot-rolled coil (HRC) was offered at $600-605 per tonne cfr from China, and a buyer was bidding $580 per tonne cfr.India offered the product at $605-610 per to...Read More
Metal Bulletin Research topped the base metals leaderboard in the Apex fourth-quarter 2017 contest, with an accuracy rating of 99.35%. Click on the image below to download the full report. Bunk Muscat's Ajit S Mauskar was second in the base metals table with an accuracy rating of 98.88%, Casper Burgering of ABN Amro was third with 98.66%. SP Angel's John Meyer and Sergey Raevskiy were fourth with...Read More
The sharp increase in aluminium premiums in the United States - in addition to the potential import tariff there - is putting the Brazilian market under upward pressure, but weak demand has kept spot premiums in check until now.The US Midwest delivered premium hit its highest level since May 2015 this week and has risen by 16.4% thus far in January, to 10.5-11.5 cents per pound ($231.50-$253.50 pe...Read More
A series of put options bought at bearish strike prices served as an indication of potential copper deliveries onto the LME, market sources said after more than 36,000 tonnes of the metal hit LME sheds on Tuesday January 23.LME stocks surged by 17% when updated warehouse stock data showed several large deliveries on the exchange, notably 24,625 in Busan. In addition, the 28% increase in on-warrant...Read More
TSX: LMCwww.leagold.com Mr. Neil Woodyer reports:VANCOUVER, Jan. 23, 2018 /CNW/ - Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) ("Leagold" or the "Company") is pleased to announce that it intends to make an offer (the "Offer") to acquire all of the issued and outstanding shares (the "Brio Shares") of Brio Gold Inc. ("Brio") on or before February 28, 2018. Pursuant to the Offer, holders o...Read More
TSX VENTURE: NVOwww.novoresources.com Mr. Quinton Hennigh reports:VANCOUVER, British Columbia, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Novo Resources Corp. ("Novo" or the "Company") (TSX-V:NVO) (OTCQX:NSRPF) is pleased to announce that the Programme of Works ("POW") submission for exploration activities at Comet Well has been approved by the Department of Mines, Industry Regulation and Safety of Western...Read More
TSX: GSVwww.goldstandardv.com Mr. Jonathan Awde reports: Near-surface oxide intercepts include 237.8m of 2.96 g Au/t and 141.8m of 3.32 g Au/t VANCOUVER, B.C., Jan. 23, 2018 (GLOBE NEWSWIRE) -- Gold Standard Ventures Corp. (TSX:GSV) (NYSE AMERICAN:GSV) ("Gold Standard" or the "Company) today announced results from nine Dark Star deposit infill holes and five exploration drill holes on its 100%-own...Read More
TSX VENTURE: SKEwww.skeenaresources.com Mr. Walter Coles reports:VANCOUVER, British Columbia, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Skeena Resources Limited (TSX.V:SKE) ("Skeena" or the "Company") is pleased to announce additional drill results from 9 holes at the Company's Snip gold project ("Snip") located in the Golden Triangle of British Columbia.Drilling HighlightsUG17-044: 12.59 g/t Au over...Read More
TSX: PVGwww.pretivm.com Mr. Joseph Ovsenek reports:VANCOUVER, British Columbia, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Pretium Resources Inc. (TSX:PVG) (NYSE:PVG) ("Pretivm" or the "Company") is pleased to provide an operations update for fourth quarter 2017 and the first six months of ramp-up at the high-grade gold Brucejack Mine, and provide guidance for the first six months of 2018 as the ramp-up co...Read More
TSX: RMXwww.rubiconminerals.com Mr. George Ogilvie reports:TORONTO, Jan. 23, 2018 /CNW/ - Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) ("Rubicon" or the "Company") provides details on its 2018 Exploration Program at the Phoenix Gold Project (the "Project"). 2018 Exploration Program Following a successful 2017 Exploration Program consisting of 28,500 met...Read More
TSX VENTURE: GOMwww.goldendawnminerals.com Mr. Wolf Wiese reports:VANCOUVER, British Columbia, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Wolf Wiese, CEO of Golden Dawn Minerals Inc. (TSX-V:GOM) (FRANKFURT:3G8A) (OTC:GDMRF) (the "Company" or "Golden Dawn"), announces that an updated Mineral Resource Estimate has been completed for the J&L Project, with 1.35 million gold equivalent ounces in the Measure...Read More
Russia and Argentina signed Tuesday a memorandum of understanding to advance uranium exploration and production in the South American country, which already generates 5% of its electricity with three heavy-water nuclear reactors.The deal, sealed during a visit by Argentine President Mauricio Macri to Moscow, could bring up to $250 million in investments into the country's sector, according to Arg...Read More
Russian miner Alrosa (MCX:ALRS), the world's top diamond producer by output, said Tuesday it had signed 67 long-term contracts for the sale of gem quality and industrial rough diamonds.Twelve of those agreements, said the miner, are with Russian companies and include three new clients - Aives, Diapur and Kristalldiam.Apart from long-term deals, Alrosa also sells rough diamonds in almost equal...Read More
Zimbabwe's new government may soon scrap a 51% requirement of local ownership for foreign investors in the diamond and platinum sectors, in an effort to re-engage international lenders, curb spending and attract investors to revive the country's battered economy.Mnangagwa's administration has already repealed the 51% indigenization law, now only restricted to platinum and diamond mining.The...Read More
Aurubis AG, Europe's biggest copper smelter, said on Monday it had agreed to take 100 per cent control of German copper wire and rod maker Deutsche Giessdraht by acquiring the 40 per cent stake held by Chile's Codelco.Aurubis had held 60 per cent of Deutsche Giessdraht and Codelco held the remainder through German unit Codelco Kupferhandel GmbH.The agreement will require the approval of German com...Read More
Shares in Teck Resources (TSX: TCK.A, TCK.B) (NYSE:TCK) dropped on Monday by 1.08% as reactions poured in following an explosion at its Elkview coal mine, located near Sparwood, British Columbia.What the company dubbed as "a significant pressure event at the dryer" took place Wednesday afternoon in an area where coal is dried using a natural gas heating system. Interviewed by the Times Colonist, t...Read More