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Auditor that signed off on burst Vale dam appoints new Brazil CEO

April 02, 2019 / www.mining.com

German auditing firm T?oeV S?oeD AG said on Tuesday it appointed a former Petroleo Brasileiro SA executive to head up its Brazilian subsidiary, changing leadership after a dam certified by the firm burst in January and killed hundreds.Jo??o Elek, former governance and compliance officer at Petrobras, became chief executive of the Brazilian subsidiary of T?oeV S?oeD on April 1. He takes over from i...Read More

Vale Indonesia targets 74,000 T nickel in matte output in 2019

April 02, 2019 / www.mining.com

Nickel miner PT Vale Indonesia is targeting to produce around 74,000 tonnes of nickel in matte in 2019, slightly lower than last year's production, president director Nico Kanter said on Tuesday.Lower production this year is due to a 10-week shutdown started in mid-February to the third week of April to conduct maintenance at furnaces and the power plant at its smelter in Sorowako, said director B...Read More

Royal Canadian Mint releases three new bullion coins

April 02, 2019 / www.mining.com

The Royal Canadian Mint announced this week the launching of three new bullion coins targeted at precious metals investors.In a press release, the institution said that the pieces include double-incuse Gold and Silver Maple Leaf bullion coins and its newest 99.999% pure gold "Call of the Wild" bullion coin, which features a moose."Call of the Wild" bullion coin. Photo by the Royal Canadian Mint."T...Read More

Sable expands Margarita with best intercept to date

April 02, 2019 / www.mining.com

Sable Resources (TSXV: SAE) has extended the mineralized corridor at its Margarita silver project in Chihuahua State, Mexico, 350 metres to the northwest with results from its ongoing 19 hole Stage 2 drill program.The company is targeting the project's Margarita Vein, where it recently drilled the project's best intercept to date. Hole 24 cut 116.93 grams silver, 0.7% zinc, 0.21% lead and 0.17 gra...Read More

Glencore, Tohoku Electric set coal contract price at $94.75/T

April 02, 2019 / www.mining.com

Global miner Glencore and Japan's Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for the year through March 2020, a source with direct knowledge of the matter said.The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14 percent lower than a price agreed for supplies for the year through Septembe...Read More

Wesdome discovers new Falcon zone at Eagle River mine

April 02, 2019 / www.mining.com

Drilling 100 metres to the west of the diorite that hosts Wesdome Gold Mines' (TSX: WDO) Eagle River mine in Ontario has encountered a new discovery zone called Falcon, the company reports.Surface exploration drilling returned 73.5 grams gold over 1.3 metres starting from 209 metres downhole and 18.5 grams gold over 5.8 metres from 170 metres downhole.It is a positive indication of the potential g...Read More

Gold Fundamentals Continue to Improve

April 03, 2019 / www.miningfeeds.com

Stop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let's look at the technicals. T...Read More

Diversify Your RRSP With These 2 Top Gold Stocks

April 03, 2019 / www.fool.ca

Saving for retirement with a well-diversified RRSP portfolio will enable your financial goals to come to life under different economic scenarios, as the benefits of diversification work their magic.One sector that is a safe, diversifying anchor in a portfolio is the gold sector.The U.S. dollar is strongly correlated to movements in gold prices. As the U.S. dollar rises, the price of gold falls, as...Read More

3 of the Best Canadian Energy Stocks With Questionable Value

April 03, 2019 / www.fool.ca

The following three TSX index energy stocks have questionable value at the moment from market ratios that are slightly too high to a lack of data that makes inherent value hard to analyze. However, from uranium to big-name utilities, these stocks are worth holding in a portfolio based on other aspects of their data, from strong track records to positive outlooks.Cameco (TSX:CCO)(NYSE:CCJ)This uran...Read More

Production of battery grade cobalt blows up First Cobalt's stock

April 03, 2019 / www.mining.com

First Cobalt's refinery, Cobalt, Ontario. Image from First Cobalt.Toronto-based First Cobalt Corp.'s (CVE: FCC) stock soared over 38% Wednesday, after the company announced it has successfully produced a battery grade cobalt sulphate at its refinery near the town of Cobalt, Ontario.The refinery has the potential to produce up to 2,000 tonnes of cobalt product per year or more if the autoclave and...Read More

Donald Trump's Useful Idiot

March 29, 2019 / www.outsiderclub.com

The Fed was already a shadowy cabal that acted on behalf of banking interests. But now it's becoming something worse - a shadowy cabal that acts on behalf of political interests.That is, the Federal Reserve, which is supposed to be independent, is being infiltrated and manipulated by politicians.Namely, President Donald Trump.Now before I go any further, let me give you a trigger warning...What I'...Read More

Immersive Technologies recognizes two for mining business improvement

April 03, 2019 / www.mining.com

Immersive Technologies has announced the winners of its Global Business Improvement Award 2018. Marking the tenth year in which Immersive Technologies recognizes the most outstanding real results achieved by mining companies utilizing simulation as a key driver in the business improvement process.Finalists are selected for their achievements in continuously improving operational safety, efficiency...Read More

Nouveau Monde raises C$10m for Matawinie development

April 03, 2019 / www.mining.com

Nouveau Monde Graphite has arranged a non-brokered private placement with Pallinghurst Graphite that will raise C$10.3 million for continued work on the Matawinie graphite development project 150 km north of Montreal, Quebec. Pallinghurst has subscribed to purchase approximately 43.8 million common shares priced at C$0.235 per share.Nouveau Monde said it intends to close an earlier, C$11.7 million...Read More

GFG Resources discovers new gold zone at Pen project

April 03, 2019 / www.mining.com

GFG Resources of Saskatoon, Sask., says its inaugural 2018 drill program discovered a new gold zone at the 100% owned Pen gold project 50 km southwest of Timmins. The new find was made at the Crawford target in hole PEN-18-016 which intersected 21.26 g/t gold over 1.7 metres at a depth of 100 metres.In its entirety, PEN-18-016 returned 0.80 g/t gold over 1.0 metre; 12.26 g/t with visible gold over...Read More

Arctic Star looks for kimberlite at Timantti project

April 03, 2019 / www.mining.com

Vancouver-based Arctic Star Exploration has begun exploration at its 100% owned Timantti project in the northern part of Canada near the township of Kuusamo. The company has already located three diamondiferous bodies - White, Black and Grey Wolf - and three kimberlite dykes.Arctic Star says there is "considerable evidence" that there are additional kimberlites on its property. Indicator minerals...Read More

Gold Fundamentals Continue to Improve

April 03, 2019 / www.miningfeeds.com

Stop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let's look at the technicals. T...Read More

Stocks End Up on Reports U.S.-China Trade Deal Close to Being Done - TheStreet

April 04, 2019 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed up, boosted by a report that U.S. and China have resolved most of their trade agreement issues. Advanced Micro Devices (AMD - Get Report) and Micron Technology (MU - Get Report)  rose following a report that Taiwan Semiconductor Manufacturing  (TSM - Get Report) would boost its...Read More

LIVE FUTURES REPORT 03/04: LME zinc price rises 1.5% on dwindling stocks; copper supported near $6,500/t

April 04, 2019 / www.metalbulletin.com

A crimp in London Metal Exchange zinc supply continues to fuel price action above $2,900 per tonne on Wednesday April 3, while a small contango in the copper nearby spread is contributing to increased buying. The three-month zinc price continues to trade near the $3,000 per tonne mark. The metal's cash/three-month spread was recently in a backwardation of $70 per tonne, with the current spread hea...Read More

ALUMINIUM ARB INDICATOR: US arbitrage narrows on higher barge rates, weaker US market; participants eye Asia opportunities instead

April 04, 2019 / www.metalbulletin.com

The estimated arbitrage for shipping aluminium from warehouses in Asia to the United States narrowed in March following a large rise in US river barge prices and slightly softer aluminium premiums in the region. The cost to ship metal via barge from New Orleans up the Mississippi and Ohio rivers to Owensboro have increased around $5 per tonne to nearly $21.50 per tonne. "Spot barge rates are the s...Read More

GLOBAL TIN WRAP: Premiums drop notably in Europe, slightly in US, weak demand keeps Asian premiums unchanged

April 04, 2019 / www.metalbulletin.com

Weak demand pushed European premiums down in the week ended Tuesday April 2 even though restored Indonesian supply is less than before; meanwhile, overseas firms sold aggressively into the United States bringing down the premiums there and China's tin market saw no change. European low-lead premium drops 10% week on week.  Bargain tin was available in Baltimore after US suppliers were underc...Read More

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