Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday March 18, the exception being copper, whose price was up by 0.7% at $6,474 per tonne, compared with $6,431.50 per tonne at Friday's close.Volume was average, with 6,328 lots traded on LME Select as at 7.23am London time, compared with 19,661 lots at a similar time on Friday. Spot...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Index futures responded partially to a 2.47% gain by the Shanghai Composite Index in overnight trade.WTI Crude Oil added $0.15 to $58.72 after OPEC cancelled its April meeting implying extension of output cuts to its next meeting in June.Boeing dropped $8.99 to $370.00 after Federal prose...Read More
Base metals prices on the Shanghai Futures Exchange were mostly lower during the morning trading session on Monday March 18 despite a weak US dollar, amid poor market sentiment and the news that China will cut its value-added tax (VAT) rate for the manufacturing and other sectors from April 1.Base metals prices were also struggling at the start of the week amid weaker-than-expected economic...Read More
Key data from the pricing sessions in London and Shanghai on Friday March 15.China- The Chinese grade 553 silicon export price rose to $1,560-1,620 per tonne on March 15 from $1,550-1,610 per tonne on March 8, reflecting a resumption in demand- The grade 553 silicon price has been underpinned by improved buying interest from Southeast Asian traders and buyers, while market participants also noted...Read More
The Chinese antimony price downtrend entered its third consecutive week amid persistently thin buying interest from the country's downstream market in the latest assessment period ended Wednesday March 13. Fastmarkets assessed the price of MMTA standard-grade II antimony, delivered duty-paid in China, at 46,000-46,500 yuan ($6,844-6,918) per tonne on Wednesday, down by 2.6% from 47,000-48,000 yuan...Read More
Bulk alloy suppliers are reporting increased prompt demand from British consumers amid concerns about potential supply disruptions when the United Kingdom leaves the European Union. Increased demand as a result of increased call-offs - consumers exercising their rights to material under existing contracts - as well as better spot demand, could lead to higher prices in the coming weeks, according t...Read More
Let's begin with a few basics about IRAs...Traditional IRAs generally provide a tax deduction for the amount you contribute. The money grows tax-deferred until you withdraw it. Then it is taxed at your ordinary income tax rate. You must begin required minimum distributions (RMDs) by April 1 following the year you turn 70 1/2 and do so every year thereafter. And if you die before removing all the...Read More
Canada's Barrick Gold (TSX:ABX) (NYSE:GOLD) said Wednesday its interest in Chile remains strong despite local authorities ordering the "total and definitive" closure of its Pascua-Lama gold-silver project over environmental issues.The world's largest gold miner, which completed its merger with Randgold at the beginning of the year, is currently reviewing a range of "new exploration opportunities...Read More
"Colorado School of Mines engineers turn their talents from the terrestrial to the celestial" - that's the headline of a recent feature in The Denver Post highlighting Mines' first-of-its-kind space resources graduate program.Interviewed for the article were Angel Abbud-Madrid, director of the Center for Space Resources at Mines; space resources professors George Sowers and Christopher Dreyer, s...Read More
Researchers at Colorado School of Mines have shown that protonic ceramic fuel cells can be used reversibly, both to efficiently generate electricity and to store that power in the form of chemical fuel at times of lower demand. The breakthrough findings, "Highly efficient reversible protonic ceramic electrochemical cells for power generation and fuel production," were published this past week in...Read More
Since the Prospectors and Developers Association of Canada (PDAC) conference wrapped up in early March, Monarch Gold (TSX: MQR; US-OTC: MRQRF) has fielded calls from three mining companies about possible joint ventures to explore its Croinor gold project, 55 km east of Val-d'Or in Quebec.The project has a fully permitted past-producing mine that is open at depth, and the junior has already found...Read More
Toachi Mining (TSXV: TIM) is trenching its Guatuza copper-gold target at its La Plata gold-copper, zinc and silver volcanogenic massive sulphide (VMS) project in Ecuador. It plans to drill Guataza in the second half of the year, beginning with 5,000 metres exploring exposed VMS slabs to determine how far they extend underground.Before that though, the company will finish a preliminary economic ass...Read More
BMO Capital Markets has cut Vale's (NYSE: VALE) iron ore production estimate this year by a further 30 million tonnes due to the continued suspension of the miner's Brucutu mine, and the recent suspension of the Timbopeba mine.A Brazilian court on March 15 ordered Vale to stop production at Timbopeba and the Doutor dam, which stores tailings from the mine in Minas Gerais state.Production at its Br...Read More
Apex Resources (TSXV: APX; US-OTC) has confirmed a 1.5 km by 150-metre gold in soil anomaly at its Ore Hill gold property near Salmo, B.C., after compiling historic and modern data on the project.The database includes 90 rock samples taken by past operators between 2016 and 2018 grading as high as 119 grams per tonne gold and 105 grams gold. All but two of the samples were taken by the property's...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftThe ‘do nothing', or more correctly ‘do little', view from Credit Suisse about leading miners such as BHP and Rio Tinto is summarised in a comment early this week that the "large capRead More
Russian state-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday.Zimbabwe is seeking to attract investment and has scrapped legislation that restricts foreign participation for some commodities. It has yet to do so for diam...Read More
Apex Resources has confirmed a 1.5 km by 150 metre gold in soil anomaly at its Ore Hill gold property near Salmo, B.C., after compiling historic and modern data on the project.The data base includes 90 rock samples taken by past operators between 2016 and 2018 grading as high as 119 grams per tonne gold and 105 grams gold. All but two of the samples were taken by the properties last operator, Marg...Read More
"GoldStone Resources has told shareholders it has withdrawn an appeal over what could be a $200,000 judgment, days after it was revealed by Mining Journal - https://t.co/BCVGQ8xAFX #AIM $GRL"Read full newsRead More
"An update on @FPX_Nickel 's great metallurgical results and I take a little time to discuss a very popular question regarding the company. Check it out! https://t.co/8rhCsrHIUe"Read full newsRead More
"A Brazilian court ordered Vale to halt production at another of its iron ore mines, further reducing output capacity after a deadly dam burst increased government scrutiny https://t.co/rJXBpyKNWp #ironore"Read full newsRead More