Daniel Peltonen has been appointed president of Boliden Smelters and is expected to assume the role soon, but Hjelmstedt will perform the interim duties and also be part of Boliden´s management team.Read More
It is understood the company has secured an initial US$16.3 million from private equity firm GenNx360 Capital Partners.GenNx360 is an existing lender and owns a large stake in Schramm's bankrupt parent company HDR Holding Inc.If all goes to plan, the deadline for the entry of the bidding will be July 19 and any transaction be closed by September 3.Schramm, founded in West Chester, Pennsylvania, in...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") is pleased to announce that Salil Munjal, Paul Antoniadis, Jim Zadra and Michael Thomson were re-elected as directors of the Company at the annual general and special meeting of shareholders of the Company (the "Meeting") held on June 27, 2019. Two other matters put forward to shareholders at the Meeting w...Read More
Macmahon is paying A$48 million cash upfront, follow by two potential earn-out payments capped at A$53.5 million and based on performance over FY20 and FY21.Read More
Meanwhile the miner has announced an additional US$450 million spend to improve safety at the remaining structures at Córrego do Feijão and on recovery efforts.Luiz Augusto Pessoa Nogueira told The Wall Street Journal Vale might have carried out an explosion at its mine less than a mile from the dam, hours before it collapsed."This is one of the hypotheses that we are investigating a...Read More
A gallery collapse at Glencore's Kamoto Copper Company in the Democratic Republic of Congo has killed 19 people, the company said in a filing on the London Stock Exchange on June 27.The miners were working illegally at a project, which has had on average 2,000 illegal incursions onto its jurisdiction per day, the company said adding that further casualties were a possibility."The incident has no i...Read More
Bill Murphy & Chris Waltzek Ph.D. - June 25th, 2019. * Mp3.HighlightsBill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets.Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to sell.According to the mountain o...Read More
By: Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
August Gold's attempt to reverse from a morning sell-off prompted a subscriber to ask in the Rick's Picks trading room whether bullion is already getting second wind. I doubt it, since June's sensational run-up was too steep to sustain and will likely require a breather of perhaps 2-3 weeks to recharge. But I do expect the uptrend to resume after a proper pullback because this month's surge de...Read More
By: Ira EpsteinWorld trade has the market nervous. Gold had a straight up spike, does it need to consolidate and correct a bit?Read More
The Chinese domestic cobalt metal price fell by 3.1% in the midweek pricing session due to sluggish demand during the traditionally weak consumption season causing suppliers to compete fiercely for limited inquiries in the spot market. Fastmarkets assessed the Chinese domestic cobalt metal price at 220,000-250,000 yuan per tonne ($12.85-14.61 per lb, less China-VAT) on Wednesday June 26, down...Read More
The G20 Summit, which takes place in Osaka, Japan, this weekend has cast a shadow over the Asian ferrous metals markets.Market participants are hoping a quick resolution to the trade war between China and the United States will provide much-needed relief both for steelmakers and downstream buyers at a time of squeezed margins and weak demand.One of the key themes at t...Read More
Turkish steel mills stayed away from the deep-sea markets on Thursday June 27, with few signs of demand for further July scrap cargoes, sources told Fastmarkets.Producers booked a number of deep-sea cargoes for July last week before stepping away from the market.And while a few more cargoes were expected to be booked for July shipment, firm...Read More
Gold futures settled lower on Wednesday, down from the nearly six-year high scored a day earlier, following comments from Federal Reserve chair Jerome Powell on Tuesday that analysts interpreted as less dovish than expected, along with fresh hopes for progress on U.S.-China trade talks. "Pullback in gold is following through" after Federal Reserve Chairman Jerome Powell's comments Tuesday afternoo...Read More
Monthly European alloy surcharges for July deliveries of stainless steel products will be lower than the June surcharge after the price of nickel continued to fall.Fastmarkets' alloy surcharge for July deliveries of grade-304 cold-rolled stainless sheet is set to fall to ?,?1,318-1,362 ($1,498-1,548) per tonne, down ?,?18-21 per tonne from June's surcharge levels, according to calcu...Read More
While US officials have given the impression that they will attempt to defuse the ongoing trade dispute with China at the upcoming Group of 20 (G20) summit on Friday June 28, their Chinese counterparts were less upbeat.Despite the optimistic view shared by US treasury secretary Steven Mnuchin that a trade deal with China is "90% completed", market sources in the Asian nation say that Chinese offic...Read More
A gallery collapse at Glencore's Kamoto Copper Company in the Democratic Republic of Congo has killed 19 people, the company said in a filing on the London Stock Exchange on June 27.The miners were working illegally at a project, which has had on average 2,000 illegal incursions onto its jurisdiction per day, the company said adding that further casualties were a possibility."The incident has no i...Read More
The Chinese domestic cobalt metal price fell by 3.1% in the midweek pricing session due to sluggish demand during the traditionally weak consumption season causing suppliers to compete fiercely for limited inquiries in the spot market. Fastmarkets assessed the Chinese domestic cobalt metal price at 220,000-250,000 yuan per tonne ($12.85-14.61 per lb, less China-VAT) on Wednesday June 26, down...Read More
He's never made it a secret.Nor has his Secretary of State or National Security Advisory.The current administration wants to wipe Iran off the face of the map. And while some restraint has been exercised recently, it won't last.Both sides smell blood, and both sides are willing to sacrifice plenty of blood and treasure if necessary.Truth is, at this very moment, preparations are being made for eve...Read More
The G20 Summit, which takes place in Osaka, Japan, this weekend has cast a shadow over the Asian ferrous metals markets.Market participants are hoping a quick resolution to the trade war between China and the United States will provide much-needed relief both for steelmakers and downstream buyers at a time of squeezed margins and weak demand.One of the key themes at t...Read More