KNEES
13 Nov 2016
price on the up The import price of 62% Fe content ore at the port of Tianjin surged 7.4% to $79.70 per dry metric tonne on Thursday as Donald Trump's victory in the US presidential elections add fuel to the fire of iron ore's almost a month of unbroken gains.According to The Steel Index an unnamed Australian miner sold 62% Fe Newman fines on the globalORE platform for $80.65.Lower grade fines at the port of Qingdao shot up a whopping 12.4% on Friday to trade at $68.20 a tonne. 58% Fe content iron ore has risen 36% over the last four weeks while 65% Fe at the same Chinese port jumped to $91.70 a tonne.Iron ore price leaps to $80On the Dalian Commodities Exchange in China iron ore futures again reached it's daily price change limit of 6% to trade at over $90 a tonne.This week's iron ore gains came on the back of hopes that Trump would succeed in pushing through a spending program of $500 billion when he takes office next year with the president elect promising as much as $1 trillion over ten years to rebuild roads, bridges, airports, hospitals and schools.ABC in Australia quotes Daniel Hynes senior commodity strategist at ANZ, as saying "there is a fair bit of speculation in the movement, the acceleration in futures shows traders are undeniably in a bullish mood". "The market view is there will be better fundamentals over three-to-six months where those contracts trade," he said.Friday's price is the highest level for the Chinese benchmark since November 2014 with gains since the eve of the election now topping 17.5%. Year to date the price of the steelmaking raw material is up 86% following near-decade lows in December last year.Iron ore reached an all-time high of $191.90 a tonne in February 2011.
brit in michigan
11 Nov 2016
Updated Study due in Autumn? I noticed this little gem in the annual reportMr Kearney noted that the company had previously announced that it was updating its earlier scoping and economic studies on its Parys Mountain zinc/lead/copper/silver/gold property in Wales. He reported that this updated scoping study is being prepared by Micon International Limited and by Fairport Engineering Limited, both of which are acknowledged experts and leaders in the resources sector, and it is expected that the updated study will be presented to the company later in the autumn.Well we are later in the Autumn creeping up to Winter.Nothing issued as yet?More Money for Nothing?I think we should be told.
alfa-spider
09 Nov 2016
Re: Anglesey No Mining No Trump has the button - turn it into a large shelter and sell time share.
Tatty
08 Nov 2016
Anglesey No Mining This is a better name for AYM.
brit in michigan
12 Sep 2016
Re: Mining.com speculate $1.20 may spark interest It would be nice if we could get a result with AYM. Interesting info, but how long would it take for AYM to get into production of Zinc, from the decision?What's the betting we would have to have another 3 years of trials samples and Blah Blah Blah and a few cocktail parties to boot.We travel in hope, keep the info coming.Cheers
alfa-spider
10 Aug 2016
Re: Why? something must be leaking somewhere!!
alfa-spider
09 Aug 2016
Why? Any ideas?
Cheshire set - Dont panic
20 Apr 2016
Labrador Iron Mines CCAA Claims Process Approved LIM website has a news artical dated 18th April 2016 about planned restructuring / financing , lets hope AYM won't be too far behind . It will be interesting to see what happens across the water !
KNEES
18 Apr 2016
Re: Why?? Interesting times !! did you see the next one to come up ?called Anglesey Mining exposed , 2 hours long and quite alarming , re dumping at Parys
Cheshire set - Dont panic
15 Apr 2016
Re: Why?? Interesting times !! I think this may have something to do with the price of zinc and the LME stocks , and what the future may hold ! Zinc price is on the up and the LME zinc stocks yesterday hit a seven year low !! Therefor funding must be looking better for this project to get moving forwards .Everything is in place to move this mine into production, just needs the funding , and the right market conditions .Interesting video of Bill - [link] long time hold
alfa-spider
13 Apr 2016
Why?? Anybody any ideas?
KNEES
15 Mar 2016
from coppertop , LSE DrRocky - a strange thing happened in Cemaes area a few days ago. A group of men turned up in flashy cars suits etc stayed over and had nice meal and plenty of booze. The following morning 7 of them turned up outside the reception in scruffy safety gear and clothes and got in a minibus.My pal was the minibus driver who took them to Parys where they wondered about most of the day before he picked them up again. He thinks they were taking photos and surveying. There was a couple of other vans there as well.They gave him a £100 tip as well!!!---------- ---------- ---------- ---------- ---------- ---------- ---------AND A NICE HIKE UP TO DAY, maybe a good time to av down for us long termers
KNEES
08 Mar 2016
Re: its not all over yet The information service points out that today's absolute day-on-day rise "is roughly half of the price of contracted iron ore during the early 2000’s under the old ‘annual benchmark’ system, which ended in April 2010."Iron ore is now up 46% since the start of the year and an astonishing 69% above multi-year lows of $37 a tonne hit less than three months ago.Supply disruptions in Australia due to bad weather and restocking following the Chinese lunar new year buoyed the market and helped iron ore outperform steel prices by a wide margin in February, but Shanghai rebar has since caught up rising 19% from a 13-year low struck in November.Demand and prices across the ferrous complex including both ore and coking coal have been rising fast, led by the domestic Chinese recovery says Oscar Tarneberg, TSI's Senior Iron Ore Analyst: “Rising profitability and optimism over seasonal demand has seen confidence return to the iron ore market in recent months.
KNEES
17 Feb 2016
its not all over yet Iron ore prices built on earlier gains this week, climbing to their highest levels in three months on Tuesday, amid seasonal restocking by China’s steel mills following the lunar New Year holiday and signs of decreased supply.Iron ore with 62% iron content for delivery to China at the port of Qinqdao rose to $46.78 a ton, its highest level since mid-November, data from The Metal Bulletin Iron Ore Index shows.Prices for the steelmaking raw material declined to a near decade low of $37 at the end of last year, but after today's advance it's firmly back in a bull market, generally defined as a more than 20% move from a low.Output from Brazil has been affected by the closure last November of the Samarco mine, a joint venture between the world’s biggest iron ore miner Vale (NYSE:VALE) and the No. 1 mining company BHP Billiton (ASX:BHP), following a dam burst.iron-ore-price-feb-16-2016And there are more supply cuts expected soon, especially as world's number five diversified miner — Anglo American (LON:AAL) — said Tuesday it will extract itself, over time, from its iron ore business, including its Kumba unit in South Africa and its Minas-Rio project in Brazil.Those factors combined, however, are unlikely to push iron ore prices much higher, as the three dominant market players have opted to continue ploughing on with expansions."Analysts are skeptical about the longevity of iron ore's rally, as the three dominant market players have continued ploughing on with expansions."Vale, for one, is expected to announce another quarter of record production on Thursday. With this, the Brazilian giant join rivals Rio Tinto (LON:RIO) and BHP in boosting production at a time steel making and demand in China contracts after years of growth, Bloomberg reports.As China's government tries to reduce the economy's reliance on construction and heavy industry, steel consumption is dropping for the first time in a generation.China’s State Council has said it plans to close up to 150m tonnes of steel capacity, according to the Metal Bulletin. Total Chinese steel production (nearly half the global total) will, as a consequence, decline further in 2016 after last year brought to halt three decades of unbroken growth.
Salop Tom
15 Dec 2015
Is this the END? Looks fairly terminal to me, but I said I was in till the death!
