The Zaldivar copper mine in Chile. Source: Barrick Gold Corp.After a week of verbal sparring over a proposed merger, the ceos of Barrick Gold Corp. [ABX-TSX, NYSE] and Newmont Mining Corp. [NEM-NYSE]were set to meet in New York late Tuesday. Newmont CEO Gary Goldberg told Bloomberg News that he won't be discussing Barrick's bid for his company, but rather Newmont's proposal for a joint venture aro...Read More

Turkish steel producers continued to book deep-sea scrap cargoes for April shipments due to low stock levels, with prices continuing to nudge up, sources said on Tuesday March 5.A steel mill in Northern Turkey booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25), a 10,000-tonne mixture of HMS and plate & structural (P&S) scrap, and 5,000 tonnes of new cuttings at an....Read More

Drilling operations at Newrange Gold's Pamlico Project in western Nevada. Source: Newrange Gold Corp.Newrange Gold Corp. [NRG-TSXV] Chairman Bob Carrington said Monday the company hopes to announce a resource estimate this year for its flagship Pamlico gold project in Nevada. Carrington spoke to Resource World Magazine while attending the Prospectors and Developers Association of Canada (PDAC...Read More

* Labour's McDonnell says few MPs to back May - analysts * May's top lawyer is in Brussels, no breakthrough seen * Britain's services recover slightly in Feb - PMI * Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (Adds details, new chart, updates with latest prices)By Tommy Wilkes and Sujata RaoLONDON, March 5 (Reuters) - Sterling fell on Tuesday afterthe oppos...Read More

Ontario's Government for the people is delivering on its commitment to create more opportunities for Indigenous people and address the skilled labour shortage across the North by making the Northern Ontario Internship Program more accessible.Today, Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs, announced the government is launching a new North...Read More

The price of copper on the Comex exchange in the United States bounced back in morning trading on Tuesday March 5, with continued optimism about the outcome of international trade talks.The copper price for May settlement on the Comex division of the New York Mercantile Exchange rebounded by 2.05 cents to $2.9295 per lb.Continued optimism about US-China trade talks has improved risk sentiment acro...Read More

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.8% this morning, Tuesday March 5. Volume was well above average with 12,645 lots having changed hands on Select as at 06.30am London time, compared with 6,685 lots at a similar time on Monday.Nickel led on the upside once again with a 2.2% gain to $13,575 per tonne, having closed on Monday at $1...Read More

Nickel demand is set to outstrip supply as soon as 2023, Amur Minerals chief executive officer Robin Young told Fastmarkets in an interview on Wednesday February 27. The junior mining company owns the Russia-based Kun-Manie project, the world's largest Asia-adjacent unexploited nickel deposit, home to an estimated 1.2 million tonnes of mineable nickel ore. And if nickel demand outstrips supply as...Read More

Tesla bears, shorts, and haters are peculiar types.Like cowardly cockroaches, they tend to stay hidden, only coming out to feast when its convenient.When Tesla first went public in 2010, I was warned not to buy the stock."Electric cars are a joke," they said."Elon Musk is a scam artist," they screamed.""Short the shit of this thing," they bellowed into the wind.But I ignored them, and in defiance...Read More

Croesus was the king of Lydia in what is today's Turkey. He was the first sovereign to mint gold coins and spawned the saying: "As rich as Croesus."In 560 BC, he asked the Oracle of Delphi if he should make war on his rivals, the Persians.The Oracle replied that if Croesus made war on the Persians, he would destroy a mighty empire. With this seemingly positive prophesy, Croesus aligned with Sparta...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis.Fastmarkets MB prices Click here for...Read More

We have published the latest edition of Canadian Insider Insights. This week, we draw on our Market INK report commentary to explain why we see gold shining the brightest among mining stocks.Gold insiders are behaving like a bull market is onClick here to read the issue for the week of March 4th (registration is not required). Read More

Monday, the Honourable Jane Philpott MD, the President of the Treasury Board and Minister of Digital Government, resigned from the Trudeau government over the handling of the SNC Lavalin affair. Read her full statement below.Office of the Prime Minister80 Wellington Street, Ottawa, ON K1P 5K9Attention: The Right Honourable Justin TrudeauMarch 4, 2019Dear Prime Minister,It is an enormous privilege...Read More

The prices for hot-rolled coil imported into the United Arab Emirates and Saudi Arabia have fallen over the past week, with the prices for other flat steel products moving in the opposite direction, but buying activity for all such materials has remained limited, Fastmarkets heard on Tuesday March 5.Deals were scarce because end-user demand was still weak, sources told Fastmarkets.In addition, sto...Read More

China's domestic prices for hot-rolled coil moved down slightly on Tuesday March 5 amid falling futures, but mills raised their export offers on optimism for demand to pick up in both locally and abroad.DomesticEastern China (Shanghai): 3,850-3,880 yuan ($574-579) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,780-3,800 yuan per tonne, down 10-20 yuan per tonne Losses in the futures...Read More

Export offer prices for wire rod from the CIS region have increased in early March, with suppliers citing reduced availability of the material due to high volumes in earlier bookings, Fastmarkets heard on Tuesday March 5.Recent offers of CIS-origin wire rod were reported within the range of $520-535 per tonne fob Black Sea, depending on the grade, up from $500-510 per tonne fob a week earlier."We....Read More

Price assessments for steel rebar and billet imported into the United Arab Emirates have decreased slightly this week because of lower prices in agreed deals, sources told Fastmarkets on Tuesday March 5.Demand for rebar in the country remained only moderate.Rebar importsOman sold rebar to its northern neighbor state at $530 per tonne cpt UAE.Fastmarkets' weekly price assessment for UAE rebar impor...Read More

China's domestic rebar prices lost their upward momentum on Tuesday March 5 amid declining futures, while trading activity also thinned. Domestic Eastern China (Shanghai): 3,800-3,840 yuan ($567-573) per tonne, narrowed downward by 20 yuan per tonneNorthern China (Beijing): 3,800-3,830 yuan per tonne, down 20-30 yuan per tonneDeclining futures led sellers to lower their prices in the morning. The...Read More

Turkish steel producers continued to book deep-sea scrap cargoes for April shipments due to low stock levels, with prices continuing to nudge up, sources said on Tuesday March 5.A steel mill in Northern Turkey booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25), a 10,000-tonne mixture of HMS and plate & structural (P&S) scrap, and 5,000 tonnes of new cuttings at an....Read More

Iron ore prices corrected on Tuesday March 5 despite the addition of further production restrictions for steelmakers in China, sources told Fastmarkets.MB 62% Fe Iron Ore Index: $87.03 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Pilbara Blend Fines Index: $86.43 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.20 per tonne cfr Qingdao, down $0.68 pe...Read More