Cobalt's rise to six-digit territory seems inexorable as the hype around electric vehicle demand for battery materials shows no signs of cooling.Despite a pullback this week, at $95,000 a tonne cobalt is up another 24% in 2018 as it builds on a more than fourfold increase in value from record lows early 2016. Batteries - mainly for cellphones - constitute 55% of cobalt demand at present, but is se...Read More

Higher lows since late 2015.Close to a breakout level.A bullish key reversal.The technical levels that gold will face.Silver needs to validate gold.For the third consecutive year, the price of gold is higher as the first quarter comes to an end than it was at the end of the previous year. In 2015 gold ended December at $1060.50, and by the end of Q1 2016, the price was trading at the $1233.40 per...Read More

As Switzerland's attorney general examines the mining company's operations, Rio Tinto continues to make progress at its Oyu Tolgoi mine.Read full newsRead More

Canadian gold-mining firm Kinross Gold Corp. settled with U.S. authorities over a probe into potential violations of the Foreign Corrupt Practices Act in its West African mining operations.Read full newsRead More

March 27 (Reuters) - Vedanta Resources Plc VED.L said on Tuesday its India unit Vedanta Ltd's VDAN.NS copper smelting operations at Thootukudi, in the southern state of Tamil Nadu (NS:TNNP), will be closed for about 15 days as part of a maintenance shutdown.The news of the maintenance activity, which Vedanta said was earlier scheduled for April, comes amid local media reports that thousands had...Read More

Giga Metals Corporation (TSX.V: GIGA, FSE: BRR2) aims to be a premier supplier of the battery metals that will be needed as the world progresses to a future powered by clean energy. They are currently focused on two of the key metals, used in the batteries of electric vehicles: Nickel and Cobalt. Their Turnagain Project, located in north central British Columbia, is among the largest undeveloped n...Read More

BonTerra Resources (BTR.V) is in the middle of its 70,000 meter drill program at the Gladiator deposit and five drill rigs are currently active on the project site. These five rigs will be focusing on drilling the Gladiator deposit out with a 50 meter hole spacing for a total program size of 25,000 meters, whilst BonTerra is also working on a 5,000 meter regional exploration program to define new...Read More

Copper-gold miner Newcrest has restarted mining operations at its Cadia project in Australia, two weeks after a tailings spill caused a shutdown.Processing at the Cadia complex will remain suspended yet Newcrest will stockpile the mine ore at the mine's surface until processing is able to...Read More

The Oreninc Index fell in the week ending March 23rd, 2018 to 26.70 from an updated 52.33 a week ago as financings once again dried to a trickle.The week was full of news that was generally positive for gold led by the US Federal Reserve's latest monetary policy decision that confirmed the long-expected interest rate increase, but more importantly, the Fed indicated that it will only make three ra...Read More

The recent one-day 12% drop in First Quantum Minerals Limited (TSX:FM) stock on March 20 after announcing a serious dispute with Zambian tax authorities has some stark resemblance to the predicament of Barrick Gold Corp.'s (TSX:ABX)(NYSE:ABX) subsidiary, Acacia Mining Inc., in Tanzania last year, and investors may have something to learn from these isolated events.First Quantum was slapped with...Read More

In addition to this, a labour dispute at First Quantum Minerals' (CN:FM) Cobre Panama mine in Panama has been resolved, Chile's state-owned miner Codelco has reached an agreement with workers at its Ministro Hales mine and BHP (AU:BHP) has contacted the union at Escondida for early labour negotiations.Read More

Iron ore prices recovered to $65 per tonne cfr China on Tuesday March 27 following a recovery in the futures market.Metal Bulletin's 62% Fe Iron Ore Index Today: $65.17 per tonne cfr QingdaoDaily change: up $0.84 per tonneMonth-to-date average: $70.85 per tonneMetal Bulletin's 58% Fe Premium Index Today: $52.44 per tonne cfr QingdaoDaily change: up $1.01 per tonneMonth-to-date average: $57.10 per...Read More

Canada-based Gungnir Resources (TSX-V: GUG) announced that authorities have approved a permit application to start drilling on its Knaften gold project, located in the Vasterbotten district of northern Sweden.According to the miner's website, Knaften covers Au in boulders and outcrop, as well as drill-indicated Au mineralization along a developing 10+ km long geochemical-magnetics trend in the Kna...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe U.S. Securities and Exchange Commission has fined Kinross Gold Corp. $950,000 for violations of the Foreign Corrupt Practices Act. (All figures are in U.S. dollars.) The SEC cites payments, some in cash, to individuals linked to governments in Mau...Read More

Barrick Gold Corp, the world's largest producer of bullion, cut the 2017 compensation for its top two executives to reflect a challengingRead full newsRead More

Two people were injured following an explosion that took place Saturday afternoon near the Fred Weber Quarry in Jefferson County, Missouri. Five people were reportedly at the mine when the incident happened. One of the miners suffered minor injuries while another had to be taken to a nearby hospital. The cause of the blast is still unknown, according to local TV station KMOV.Officials from the Min...Read More

Personnel from Mexico's Federal Attorney's Office for Environmental Protection visited the San Dimas mine to evaluate the extent of the damage caused by a cyanide spill that reached the nearby Piaxtla river.San Dimas, located in the northwestern Durango state, is owned by Canada's Primero Mining (TSX:P). The project consists of five ore blocks contained within a 22,500 hectares contiguous property...Read More

(Bloomberg) -- Aluminum is Morgan Stanley’s preferred base metal, with supply reforms in China as well as higher costs and stronger demand poised to push prices higher over the second half.The metal will average $2,114 a metric ton this year, and while prices may ease to $2,072 a ton next quarter amid continued oversupply, they’ll rise to $2,094 in the third, and reach $2,116 in the fi...Read More

Mali's economy minister Boubou Cisse was recently reported as telling a joint news conference with the International Monetary Fund that the government would negotiate with mining companies to draft a new code - but would implement a unilateral decision like the Democratic Republic of Congo if talks didn't work out."Government officials have advised the company that the minister's comments were tak...Read More

Reports started circulating yesterday that the ZRA had issued an assessment to a prominent mining company, with Jefferies analyst Christopher LaFemina noting it was a "new significant risk" if First Quantum was the miner in question.First Quantum shares were halted by IIROC yesterday after falling more than 12% to C$18.The ZRA has reportedly said items were misclassified as mining machinery which...Read More