Big 3 dumping huge volumes as iron ore rally comes to abrupt end
Sentiment will start to weaken from this point onwards said one trader.
Sentiment will start to weaken from this point onwards said one trader.
China-backed metals producer Minerals and Metals Group (MMG) might be the new kid on the Canadian Arctic block, but it is already moving ahead with its plans to build mines in Nunavut in the next six years.
In what shouldn’t come as a surprise for those following the recent events related to the touted and long delayed $66 billion merger between diversified miner Xstrata (LON:XTA) and commodity trader giant Glencore International (LON:GLEN), the Swiss company's shareholders have approved the deal.
The company reports values of up to 19.22 g/t Au (23.05 g/t Au uncut) over 4 meters.
Eurasian Minerals announces the acquisition of the Neavesville gold-silver property located in the Hauraki goldfield of New Zealand's North Island.
The company announces hits at 18.00 Meters of 6.6 g/t Au Eq (6.36 g/t Au, 14.0 g/t Ag) on the projects northeast extension.
But Xstrata management may lose out on $220 million in retention bonuses.
Nickel is present in over 3000 different alloys that are used in over 300,000 products for consumer, industrial, military, transport/aerospace, marine and architectural applications.
Regulus Resources Inc. is pleased to announce results for an additional six drill holes from the current drilling program at the Rio Grande copper-gold-molybdenum project in Salta Province, Argentina.
The Big Three's share of the seaborne trade has fallen back to 57%, but the trend will reverse as capital dries up for emerging producers.