Premier Gold Mines (TSX: PG) is convinced it can add years to the mine life at its 2,000-tonne-per-day Mercedes gold-silver mine in Mexico's Sonora state."We've got about a four- to five-year mine life based on current reserves, and that was the life when we bought it in 2016, so we've been successful in replacing reserves every year," the company's president and CEO, Ewan Downie, tells The Northe...Read More
Here are five Fastmarkets MB stories you might have missed on Friday August 16 that are worth another look.An oversupply that has been branded the leading cause of the persistent price weakness seen in China's vanadium market during the first half of 2019 will likely continue to act as a headwind for the rest of the year, market sources told Fastmarkets.Chinese domestic battery-grade lithium...Read More
WMS has 25 years' experience supporting the Australian underground coal industry and is renowned for the supply and installation of cavity fill and strata consolidation phenolic foams, polyurethane chemicals and ventilation control devices.WMS is the Australian and New Zealand exclusive distributor of Weber Mining products including Rocsil, Fenoflex and Marithan products. It played a role in...Read More
Prices in most of the global markets for steel billet went unchanged in the week ended Friday August 16, partly because of a lull for an Islamic holiday, while weak demand for billet in China reduced the prices for the semi-finished material in that region.Most market participants in the Middle East and North Africa, as well as in Southeast Asia, were out of the market for several days for the Eid...Read More
Turkey's military pension fund, OYAK, has reached a provisional agreement to buy steelmaker British Steel, OYAK said on Friday August 16. OYAK is the biggest shareholder of Turkey's largest steel producer, Erdemir Group, and this agreement is a step toward in its goal to become a regional leader in steel sector, OYAK said. British Steel entered into compulsory liquidation in May 2019 and rece...Read More
The Eurasian Economic Commission (EEC) will impose a quota for hot-rolled flat steel imports to members of the Eurasian Economic Union (EEU) for one year starting from December 1, 2019.The EEU countries are Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan. The total quota for the EEU bloc will be 1.33 million tonnes, the EEC announced last week.Volumes exceeding the quota will be a subject to a...Read More
Domestic prices for hollow steel sections remained unchanged across Europe this week, with trading largely on hold during the traditional summer break, sources told Fastmarkets on Wednesday August 14.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, stayed at ?,?615-630 ($688-705) per tonne on Wednesday.During August, many workers take...Read More
Prices in most of the global markets for steel billet went unchanged in the week ended Friday August 16, partly because of a lull for an Islamic holiday, while weak demand for billet in China reduced the prices for the semi-finished material in that region.Most market participants in the Middle East and North Africa, as well as in Southeast Asia, were out of the market for several days for the Eid...Read More
Here are five Fastmarkets MB stories you might have missed on Friday August 16 that are worth another look.An oversupply that has been branded the leading cause of the persistent price weakness seen in China's vanadium market during the first half of 2019 will likely continue to act as a headwind for the rest of the year, market sources told Fastmarkets.Chinese domestic battery-grade lithium...Read More
The dream of building a new world-class copper-gold mine in Pakistan in an area bordering Afghanistan and Iran has been dashed, for now at least. The saga of Tethyan Copper Co's (TCC) efforts to develop the Reko Diq mine found resolution last week with an International Centre for Settlement of Investment Disputes (ICSID) ruling in favor of TCC following a dispute that has rumbled on for years.TCC,...Read More
The London Metal Exchange has just finished its trial to calculate nickel prices using a volume weighted average price (VWAP) method on the exchange's electronic trading platform. If early indications are anything to go by, metals market participants did not embrace this method of price discovery in the way some had anticipated. For three months since Monday March 18, closing prices for nickel car...Read More
The United States Secretary of Commerce has joined the growing chorus of voices questioning the current method of setting the US Midwest aluminium premium. Wilbur Ross said the US Midwest aluminium premium is at inflated levels that do not justify the cost of transportation and logistical handling costs that it was originally designed to reflect. His view is being echoed by a number of...Read More
Here are five Fastmarkets MB stories you might have missed on Friday August 16 that are worth another look.An oversupply that has been branded the leading cause of the persistent price weakness seen in China's vanadium market during the first half of 2019 will likely continue to act as a headwind for the rest of the year, market sources told Fastmarkets.Chinese domestic battery-grade lithium...Read More
The major gold miners' stocks have soared in recent months, fueled by gold's decisive breakout to new bull-market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks' technicals and sentiment have greatly strengthened, their just-reported Q2'19 results reveal whether their underlying fundamentals support their powerful surge...Read More
The major gold miners' stocks have soared in recent months, fueled by gold's decisive breakout to new bull-market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks' technicals and sentiment have greatly strengthened, their just-reported Q2'19 results reveal whether their underlying fundamentals support their powerful surge...Read More
Bob Moriarty ArchivesAug 19, 2019After being bugged unmercifully by a couple of my so-called friends, I finally sat down in early January to write a tome about investing in resource stocks. It took me sixteen days to write. And another four weeks to get the cover and layout right. I had some important charts in it that couldn’t be shrunk and still understood.A couple of days ago I was reachi...Read More
Bob Moriarty ArchivesAug 19, 2019As regular readers will remember I have been calling for a general stock market top in late summer followed by a major crash in September/October. In my opinion we could well have a serious liquidity event. If that happens everything that will catch a bid will be dumped. It will be a great time to pick up the low hanging fruit just as it was in late 2008. I have be...Read More
The benchmark S&P/ASX200 has improved after Friday's slump and BHP (ASX: BHP) was up 0.58% at the time of writing.However Australian gold miner Saracen Mineral Holdings (ASX: SAR) was down 4.3% after today announcing a record profit, with production increasing and costs dropping and an inaugural dividend policy applying from FY2020.Mining stocks in Toronto were unchanged overall on Friday, as...Read More
"We are delighted that our vision of bringing this historic mine back into production after almost thirty years of closure has taken a significant step forward," said AfriTin chief executive Anthony Viljoen.AfriTin has already started producing tin concentrate at Uis, following the completion of its phase one pilot plant in July. The next step is to ramp up that plant to its capacity of 500,000 to...Read More