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South African port strike unlikely to affect manganese, chrome prices, sources say

May 30, 2019 / www.metalbulletin.com

The South African Transport and Allied Workers' Union (SATAWU) will start a country-wide port strike at 17.30 local time on Wednesday May 29. Although the union claimed the action will bring South Africa's economy "to a standstill," manganese and chrome market sources said on Wednesday it is too early to assess the potential impact of the strike on the market, adding that the situation should be m...Read More

FASTMARKETS NON-FERROUS PRICE CHANGES 29/05: Minor metals

May 30, 2019 / www.metalbulletin.com

The following Fastmarkets minor metals prices changed on Wednesday May 29:Minor metalsAntimony MB free market regulus, $/tonne: $6,600-6,850 per tonne from $6,700-6,950Antimony MMTA standard grade II, $/tonne: $6,500-6,700 per tonne from $6,500-6,750Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 38,000-39,000 yuan per tonne from 39,000-40,000 yuanBismuth MB free market,...Read More

Umicore, Glencore reach cobalt hydroxide long-term revolving agreement

May 30, 2019 / www.metalbulletin.com

Switzerland-headquartered miner-trader Glencore has reached a long-term revolving agreement to supply Belgian battery-materials manufacturer Umicore AS with cobalt hydroxide, Glencore said on Wednesday May 29. Glencore will supply materials from its Katanga and Mutanda mining assets located in the Democratic Republic of Congo (DRC) to Umicore's cobalt refineries globally, including the Kokkola ref...Read More

MORNING VIEW: Economic, trade worries dominate while metals' fundamentals tighten in background

May 30, 2019 / www.metalbulletin.com

Markets remain jittery while US-China trade war rhetoric escalates with the latter raising the possibility of including rare earth minerals in their trade negotiations. Equity markets have sold off and bond yields have fallen as investors move into havens.Trade war rhetoric escalatesEquites sell off on Tuesday, while Treasury yields fall furtherMarket now indicating increased likelihood of two US...Read More

Sluggish demand weighs on East Asian stainless steel prices

May 30, 2019 / www.metalbulletin.com

Import prices for stainless steel in East Asia narrowed over the week to Wednesday May 29 after some producers raised their asking prices following the uptick in the London Metal Exchange nickel price although demand in the region remained weak.304 stainless 2mm trimmed cold-rolled coilFastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed CRC in East Asia narrowed...Read More

Can You Pass This Math Test?

May 29, 2019 / dailyreckoning.com

I love tests. Always have. The way I see it, they're a challenge — an opportunity to prove what you know — and also find out what you don't know.I recently told my 11-year-old daughter the same thing when she was complaining about school.And then she turned around and did something really awesome - she made me a math test as a present for my recent birthday. She searched the Internet a...Read More

Printing Money to Cover the Cost of Government

May 29, 2019 / www.armstrongeconomics.com

QUESTION: Hi Marty,I have read that Lincoln’s treasury issued “Greenbacks” to help fund the North during the civil war.1. Was this a direct printing, issuing of paper currency, aka like your “The Solution” ? (Bill Still, creator of the money masters documentary claims such…)2. Others claim that it was meant all along to be backed by gold, and they point to the...Read More

FASTMARKETS NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 29/05:

May 30, 2019 / www.metalbulletin.com

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday May 29:Titanium scrapTurnings, unprocessed type 90/6/4, 0.5% Sn max:...Read More

NORTHERN EUROPE REBAR: Prices fall as mills lower offers on weak demand

May 30, 2019 / www.metalbulletin.com

The price of rebar produced and delivered in Northern Europe fell by ?,?10-20 per tonne week on week after domestic mills lowered offers amid weak demand and import competition, market participants told Fastmarkets on Wednesday May 29. Fastmarkets' weekly price assessment for domestic rebar in Northern Europe was ?,?505-535 ($565-598) per tonne delivered on May 29, down from ?,?525-545 per to...Read More

The Northern Miner Podcast - episode 140:Barrick's new direction ft CEO Mark Bristow

May 30, 2019 / www.northernminer.com

This episode features an in-depth interview with the man of the hour in the gold-mining industry: Mark Bristow, president and CEO of Barrick Gold since Jan. 1, 2019, when its merger with Bristow-led gold miner Randgold Resources took effect.This exclusive interview was recorded live as a "fireside chat" with senior staff writer Trish Saywell at The Northern Miner's Canadian Mining Symposium held a...Read More

Blue Sky Uranium advances Amarillo in Argentina

May 29, 2019 / www.northernminer.com

Argentina has three nuclear reactors and plans for more, yet the country has no domestic uranium production. Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) hopes to fill that void."They import uranium from Kazakhstan and Canada, so having a domestic source would be a preference, and they're potentially our first customer," Nikolaos Cacos, the company's president and CEO, tells The Northern Miner.The...Read More

Osisko finds new gold zone at Windfall

May 29, 2019 / www.northernminer.com

Osisko Mining (TSX: OSK) has found a new and shallow gold zone 350 metres north of the main deposit at its Windfall property in Quebec, one of the highest grade resource-stage gold projects in Canada.The mineralization occurs between a depth of 50 metres and 275 metres, and is open at depth and along strike.Highlights include 393 grams gold per tonne over 2 metres starting from 100 metres downhole...Read More

Time for direct shareholder access

May 29, 2019 / www.mining-journal.com

Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resources"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingIt is no doubt for the best that I was not cut out for politics.Read More

Barkerville updates underground Cariboo resources

May 29, 2019 / www.mining.com

Barkerville Gold Mines of Toronto says there are 4.3 million oz. of gold in all categories, according to the latest resource estimate at its Cariboo project near Wells, Ontario. The estimate includes underground resources for the Cow, Island and Barkerville Mountain deposits.Measured and indicated resources contain 2.4 million oz. of gold in 13.2 million tonnes grading 5.60 g/t gold. That represen...Read More

CanAlaska to start drilling at West McArthur uranium project

May 29, 2019 / www.mining.com

CanAlaska Uranium (TSXV: CVV) will soon begin a drill program at its 70%-owned West McArthur uranium project.In a press release, the miner said that the program is intended to locate high-grade uranium hosted in faults along the C10 horizon, the major regional fault structure.According to CanAlaska, two previous drill holes intersected high-grade uranium - up to 5% U3O8 - just west of the project...Read More

Champion Iron secures C$185m refinancing, acquires 100% stake in Bloom Lake

May 29, 2019 / www.mining.com

Champion Iron Ltd. (TSX: CIA) (ASX: CIA) today announced that it has concluded an agreement with la Caisse de d?(C)p??t et placement du Qu?(C)bec (CDPQ) for a preferred share offering of C$185 million plus a commitment for a fully underwritten $200 million credit facility with Scotiabank and Societe Generale.The company has also acquired the remaining 36.8% interest in the Bloom Lake iron ore proj...Read More

Vedanta's KCM unit said to attract Kazakh, Chinese interest

May 29, 2019 / www.mining.com

Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it from Vedanta Resources Ltd., people familiar with the situation said.Eurasian Resources, owned by three Kazakh billionaires, approached the government about two months ago, according to the people, who declined to be identified by name bec...Read More

Golden Share acquires Basking project in Ontario

May 29, 2019 / www.mining.com

Golden Share Resources (TSXV: GSH) has acquired the Basking project in Ontario, Canada.In a press release, the miner said that Basking, which is made up of four small non-contiguous claim blocks totaling 34 single cell mining claims, was acquired through map staking.The project is located near the western edge of the James Bay Lowlands and about100 kilometres north-northwest of the Ring of Fire ni...Read More

Gold Resource Corporation Significantly Expands Arista Mine Intercepting 11.95 Meters of 1.04 G/T Gold and 494 G/T...

May 29, 2019 / twitter.com

"Gold Resource Corporation Significantly Expands Arista Mine Intercepting 11.95 Meters of 1.04 G/T Gold and 494 G/T Silver https://t.co/IaVMlNImnk"Read full newsRead More

Shareholders Are Thrilled That The California Gold Mining (CNSX:CGM) Share Price Increased 195%...

May 29, 2019 / twitter.com

"Shareholders Are Thrilled That The California Gold Mining (CNSX:CGM) Share Price Increased 195% https://t.co/EJWSsP94kf"Read full newsRead More

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