PORT HEDLAND - Australia's Fortescue Metals Group is set to ship the first cargo of its new mid-grade iron ore next month just as a rout in Chinese steel prices helps it improve its margins in competition with higher grade products.The world's fourth-largest iron ore miner will make the first shipment of its 60.1 percent West Pilbara Fines product to customers in China, in a step that is set to bo...Read More
A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don't have enough skin in the game.Businesses tend to perform better when top managers have a high ownership-to-pay ratio, according to the inaugural report of the newly launched Shareholders' Gold Council, which tracked 17 gold companies."You have a much bi...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More
MOSCOW - The Russian government could buy up to 50,000 tonnes of aluminium for the state reserve, a government decree showed on Wednesday, in a move that would support sanctioned Russian aluminium producer Rusal.The decree, dated Nov. 26, allocated up to 10 billion roubles ($149 million) for the plan and is the initiative of Russian tycoon Oleg Deripaska, a government source told Reuters.Deripaska...Read More
Shares in Condor Gold (LON:CNR) jumped Wednesday after the miner announced it had extended known targets and discovered new high-grade vein systems at its La India project in Nicaragua.The company said it was working to prove a 5-million-ounce gold district, adding it had already applied to the Ministry of Energy and Mines for two adjacent concessions that will expand the La India land package f...Read More
M2 Cobalt (TSXV: MC) has announced it is moving forward with the development of its Bujagali mine is south-central Uganda.In a media statement, the Vancouver-based junior said it commenced drilling at its Bombo and Bombo NW targets. The campaign is expected to comprise at least 1,000 metres of diamond core drilling and is designed to test a number of targets across a broad area in what is now beli...Read More
Tanzania's Acacia Mining (LON: ACA) has ended an earn-in agreement with Canada's Sarama Resources (CVE: SWA) over the South Hound?(C) gold project in Burkina Faso to focus on core projects.Acacia and Sarama had originally agreed to a deal which could have seen the Tanzanian miner earn up to a 70% stake in South Hound?(C) after funding $14 million in exploration costs over a four-year period.Acaci...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce that the Company will be collaborating with a local non-profit charity organization, Mamas for Mamas this holiday season. For every winter coat sold from November 27, 2018 - December 11, 2018, Peekaboo Beans will be donating a coat to the charity, providing relief to local m...Read More
"$MOS - The Mosaic Company (MOS) CEO James O'Rourke Presents at Citi's 2018 Basic Materials Brokers Conference - Slide Show https://t.co/MoTb1MkjHc"Read full newsRead More
"$MOS - The Mosaic Company (MOS) CEO James O'Rourke Presents at Citi's 2018 Basic Materials Brokers Conference (Transcript) https://t.co/tU1e5vygTQ"Read full newsRead More
The following interview of Brett Heath, CEO of Metalla Royalty & Streaming, took place by phone & email over the past 10 days. Brett and his expert team have achieved quite a lot over the past year. In this interview I asked Brett for an update as I am especially interested in Metalla's latest transaction, (a 2% NSR) on the Santa Gertrudis Royalty.Please describe the importance of your...Read More
Over the course of the past few months, we've been hearing more and more about the growing crisis emerging from the oil-rich province of Alberta. Specifically, Canada's pipelines are heavily backed up and at capacity and unable to meet the growing demand to reach refineries within the U.S.Additionally, a growing discontent from just about anywhere outside of Alberta towards building pipelines to r...Read More
Russel Metals Inc. (TSX:RUS), is once again hitting 52-week lows. The Canadian metal manufacturer has been under pressure from a variety of sources which has caused the stock to sell off significantly over the last couple of weeks. This stock has a number of positive attributes that could potentially make it a value investors dream.The fact that the oil price, especially in Canada, has been under...Read More
Housing and auto sales appear to have hit a wall over the last 8-12 weeks. To be sure, online holiday sales jumped significantly year over year, but brick-n-mortar sales were flat. The problem there: e-commerce is only about 10% of total retail sales. We won't know until January how retail sales fared this holiday season. I know that, away from Wall Street carnival barkers, the retail indu...Read More
Investors responded, sending the little-traded Altus' share price up 6.8% to 3.8p (US4.85c).The boost came from rock chip sampling at the Simret prospect, which is part of the Daro VMS project.The highest numbers from the 31-sample programme were 944g/t and 540g/t silver, and 3.55g/t gold.Altus CEO Steve Poulton said the numbers showed the possibilities of the region's copper-gold-silver mineralis...Read More
The reduced rate of steel production and falling profitability is being blamed by China's steel mills on the US versus China trade war which is starting to hit construction and manufacturing, tw...Read More
Logging diamond drill core at the Hank Project in B.C.'s Golden Triangle region. Source: Golden Ridge Resources Ltd.Golden Ridge Resources Ltd. [GLDN-TSXV] shares were active again Wednesday November 28 after the company reported additional assay results from drilling on the Williams Zone at its Hank Project in British Columbia's Golden Triangle District.The stock was down 31.03% or $0.045 to 10 c...Read More
Madsen Mine portal and ramp entrance, Red Lake, Ontario. Source: Pure Gold Mining Inc.Pure Gold Mining Inc. [PGM-TSXV] said Wednesday November 28 that it is pleased with the results of a test mining program which has now been completed at its 100%-owned Madsen Gold Project in Red Lake, Ontario.Pure Gold shares advanced on the news, rising 5.45% or $0.03 to 58 cents. The 52-week range is 46 cents a...Read More
I hate it when oil prices crash.It's happened twice in the last decade.The last two major crashes began in the summer of 2008, when WTI prices soared to $146 per barrel, and then again in the summer of 2014, when prices climbed back over $100 per barrel.So when the market watched crude oil prices experience one of their biggest drops in over three years, the panic set in and the bears took control...Read More
Looks like we just hit an inflection point. So far this morning:U.S. new home sales drop to more than 2-1/2-year low(Reuters) – Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October amid sharp declines in all four regions, further evidence that higher mortgage rates were hurting the housing market.The Commerce Department said on Wednesday new home sales dropp...Read More