The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreBeijing Iron Ore Trading Center (Corex), 170,000 tonnes of 61% Fe Pilbara Blend fines, traded at $62.50 per...Read More
Seaborne iron ore concentrate prices dipped on Friday November 23 due to limited demand from major Chinese buyers and weakening high-grade iron ore prices. The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $95.27 per tonne cfr China on Friday, down by $4.02 per tonne from November 16. The daily 65% Fe Iron Ore Index averaged $91.56 per tonne cfr China last week, compared wi...Read More
Physical iron ore prices plummeted on Monday November 26 following a slump in futures and steel markets, with Chinese steelmakers fearing losses. MB 62% Fe Iron Ore Index: $64.25 per tonne cfr Qingdao, down $5.88 per tonne. MB 62% Fe Pilbara Blend Fines Index: $63.52 per tonne cfr Qingdao, down $5.80 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $68.97 per tonne cfr Qingdao, down $4.10 per tonn...Read More
Increasingly gloomier sentiment in China following a continual decline in its downstream ferrous markets has led to a drop in prices for seaborne coking coal sold into the country.A top Australian brand was heard offered at $221 per tonne cfr China during the day, while a second-tier product was offered at $203 per tonne cfr China, a Chinese end-user source told Fastmarkets on Monday November 26....Read More
The continued strike at Venezuela's Ferrominera Orinoco (FMO) is keeping the domestic hot-briquetted iron (HBI) industry paralyzed."As a result of FMO's sustained strike, all HBI producers have stopped for the moment," a market source in Venezuela told Fastmarkets. "Even Orinoco Iron is completely down due to the shortage of iron ore fines."FMO is the country's only legally authorized domestic pro...Read More
Metal concentrates trading platform Open Mineral has completed a Series B investment round with $5.5 million invested, it announced on Friday November 23.Open Mineral was founded by former Glencore executives Boris Eykher and...Read More
Key data from the pricing sessions in London and Shanghai on Friday November 23. China The Chinese grade 553 silicon price fell by 3.3% week on week amid aggressive bids Inquiries were still thin amid slow trading for much of the week Meanwhile, availability of material was sufficient in the spot market The price range widened, reflecting differing attitudes among suppliers in Chi...Read More
The Canadian Mining Symposium, presented by The Northern Miner in cooperation with the High Commission of Canada in the United Kingdom, is returning to Canada House on Trafalgar Square in London, U.K., on May 22, 2019, and we are pleased to announce three stellar headline speakers for the event: David Harquail, CEO of Franco-Nevada Corporation; Steve Letwin, president and CEO of Iamgold; and Eir...Read More
Antimony prices moved down in both Chinese and European markets in the week ended Friday November 23 amid weak consumer demand. In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,000-50,500 yuan ($7,211 -7,283) per tonne on November 21, down 0.7% from 50,200-51,000 yuan per tonne a week earlier amid persistent weak demand in the domestic...Read More
November 27, 2018The next Fed meet (and rate hike) is December 19, and just weeks after that, U.S. president Donald "The Golden Trumpster" Trump may be set to unleash a new round of inflationary and growth-crushing tariffs.It's not easy (to put it mildly) for American business to create new factories to replace the products made by highly productive Chinese factories.So, for 2019, most top U.S. ba...Read More
Earlier this month, Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) announced earnings for the most recent quarter, which showcased several notable drops when compared to the same quarter last year, leading to a drop in the stock's share price, which is currently trading down 5% this month.As the world's largest streamer of precious metals, a weaker than expected set of results from Wheaton could be a...Read More
November 27, 2018The next Fed meet (and rate hike) is December 19, and just weeks after that, U.S. president Donald "The Golden Trumpster" Trump may be set to unleash a new round of inflationary and growth-crushing tariffs.It's not easy (to put it mildly) for American business to create new factories to replace the products made by highly productive Chinese factories.So, for 2019, most top U.S. ba...Read More
Bob Moriarty ArchivesNov 27, 2018Lorimer Wilson January 24, 2011$5,000 Gold Bandwagon Now Includes 85 Analysts!More and more economists, analysts and financial writers, 125 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak with 5 individuals claiming that the peak price will be realized sometime in 2011. Some have adjusted their previous progno...Read More
Almost 82,000 shares in the company changed hands with the price rising C20c yesterday to 60c, despite any official news.Its shares had last Read More
Drilling operatiuons at Tinka's Ayawilca Project in Peru. Source: Tinka Resources Ltd.Tinka Resources Ltd. [TK-TSXV] has announced an updated mineral resource estimate for its 100%-owned Ayawilca zinc and tin deposits in Peru.The 150 km2 Ayawilca project is located 40 km northwest of Cerro de Pasco in the richly mineralized silver-lead-zinc belt of central Peru. It ranks as one of the largest zinc...Read More
The Genesee generating facility. Source: leduc-chamber.comAltius Minerals Corp. [ALS-TSX; ATUSF-OTCQX] said the Genesee Ltd. Partnership, of which Altius is the General Partner, has filed a law suit against the governments of Alberta and Canada.The law suit claims $190 million in damages while describing actions that it feels were tantamount to expropriation of its royalty interest in the Genesee...Read More
One of the greatest compliments that I think I can ever receive in life is if someone who really knows me tells me the following:“Jay, I’ve known you for a long time now, and you’re always the same dude.”The above comment might not seem like much, and albeit it can read rather vague if there’s no context behind it, but for a simple dude like myself, that’s reall...Read More
Share this articleCALGARY - Precision Drilling Corp. says it is entitled to a $20-million break fee after Ensign Energy Services Inc. announced Tuesday that it will take control of Trinidad Drilling Ltd. by acquiring a majority of Trinidad's shares.Calgary-based Precision, the largest driller in Canada, said the fee is owed as part of the Oct. 5 arrangement it had with Trinidad after terminatin...Read More
Share this articleCALGARY - Ensign Energy Services Inc. says it will take control of Trinidad Drilling Ltd. after acquiring a majority of the company's shares by its Tuesday deadline.The Calgary-based drilling company says 56.38 per cent of Trinidad shares have been tendered. The 154.1 million shares are in addition to the 26.9 million it also owns, raising its stake in Trinidad to 66.18 per cen...Read More