LONDON, Oct 12 (Reuters) - Donald Trump didn't make it to LME Week, the annual jamboree of the global metals trading community.But the U.S. president was the hot topic at the myriad seminars, cocktail parties and private meetings across London this week.The industrial metals traded on the London Metal Exchange (LME) have found themselves at the heart of the escalating trade tensions between the U...Read More
Oct 11 (Reuters) - Coal miner Peabody Energy said on Thursday it intends to permanently seal the area where high methane levels have been concentrated after it reported fire in parts of its North Goonyella mine in Australia's Queensland last month.The company said three of the mine's five openings remain temporarily sealed to reduce air flow into the mine and issued force majeure notices to coal...Read More
GDYNIA/LONDON, Oct 12 (Reuters) - ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy to Liberty House to satisfy regulatory requirements for its acquisition of Italian steelmaker Ilva.The announcement by ArcelorMittal on Friday did not disclose the value of the disposals, though investment bank Jefferies said they ar...Read More
Chile's state miner Codelco, the world's No.1 copper producer, has revealed its smelter at Chuquicamata, its second largest operation by size, will be running at reduced rates until at least the end of the year, as it hurries to complete a planned overhaul ahead of stricter emissions standards coming in effect.Chile's Codelco is in the midst of upgrading its smelter at Chuquicamata, its second la...Read More
"IF THE #SP500 $SPX DROPS TO 1,500 (AS FORECASTED) IT IS SIMPLY RETURNING TO THE LONG TERM TREND-LINE FROM BOTTOM OF 1929 CRASH.Via @hks55"Read full newsRead More
"Selling stocks is the worst thing you can do right now, UBS Chairman Weber says. https://t.co/4fHTpoQrFj"Read full newsRead More
Mr. Christian Milau reportsEQUINOX GOLD CLOSES US$75 MILLION EQUITY FINANCING FOR ACQUISITION OF MESQUITE GOLD MINEFurther to the news release dated Sept. 19, 2018, announcing the company's intention to acquire the Mesquite gold mine in California, Equinox Gold Corp. has closed the brokered and non-brokered private placements of subscription receipts at a price of 95 cents per subscription receipt...Read More
Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country's government as settlement for the seizure of the company's gold projects.The deal gives Venezuela Rusoro's mining data and forces it to fully release the arbitral award issued in favour of the mi...Read More
Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country's government as settlement for the seizure of the company's gold projects.The deal gives Venezuela Rusoro's mining data and forces it to fully release the arbitral award issued in favour of the mi...Read More
Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More
Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More
Venzee Technologies (VENZ:TSXv) has recently announced another channel partnership. And as Company continues to execute these technology partnerships I thought it was important to sit down with Peter Mackay, President of Venzee, to discuss who their channel partners are and what Venzee does to enhance the existing digital supply chain software. The digital supply chain is an enormous business and...Read More
Gold Stocks? Just let investors sell their gold shares if they want to! Wise and prudent advice? Three weeks ago I was speaking to a very successful and exceptionally wealthy investor whom I have known for many years. He has made substantial profits by investing in gold and gold mining stocks-including the small cap "juniors." As well, he was and has always been a "bottom fisher" i...Read More
Gold is suddenly back in favour and investors are wondering if the recent surge is the start of a new extended bull market.Let's take a look at the current situation and see if this is the time to buy Barrick Gold (TSX:ABX)(NYSE:ABX), the world's largest producer.Fear tradeGold is back in vogue, as investors dump high-flying stocks and rush into safe-haven alternatives. Gold's appeal as a place to...Read More
Three attractive industries; one somewhat bemused stock market: these are three of the riskiest ways to invest in the TSX index. Which do you hold positions in, and which have caught your eye lately?Legal Canadian potTo get behind a weed bears' tongue-in-cheek phrase, the pot-com bust is almost certainly about to happen - and very, very soon. As of October 17, disappointment with lower-than-expect...Read More
Mesquite gold mine in California. Photo source: New Gold Inc.Equinox Gold Corp. [EQX-TSXV; EQXGF-OTC] said Friday October 12 that it has closed the US$75 million equity financing for the acquisition of the Mesquite gold mine in southern California from New Gold Inc. [NGD-TSX, NYSE American]. News of the acquisition was announced on September 19, 2018.The financing was comprised of brokered and non...Read More
The Detour Lake Mine in northern Ontario. Source: Detour Gold Corp.Detour Gold Corp. [DGC-TSX] on Friday October 12 released details of an offer that aims to settle a dispute with dissident shareholder Paulson & Co., which has been pressing for wholesale changes to the Detour board as well as the outright sale of the company.In a press release, Detour said it has chosen to release details of t...Read More
CALGARY - A financial analyst says prices being paid for Western Canadian oilsands bitumen have fallen so far that many producers are losing money on every barrel sold into the spot market.Analyst Matt Murphy of Tudor Pickering Holt & Co. says recent headlines have been focused on the falling value of the Western Canada Select price, but that measure is for a blend of heavy, sticky bitumen and...Read More
Unless you've been investing from under a rock, you know the two hottest investments of the past two years have been cryptocurrency and legal cannabis.But have you considered what these markets have in common?A few things, actually.They're both brand-new markets considered to be alternative investments. They're both being driven by hype and speculation. And both seem to appeal to younger investors...Read More
Perseus Mining Limited (ASX/TSX: PRU) is a diversified West African-focused gold production, development and exploration company, producing gold from its two mines in Ghana and C??te d'Ivoire, and developing the third gold mine in C??te d'Ivoire. Perseus' growth strategy aims to transform the Company into a 500,000-ounce per year gold producer, with three operating mines in West Africa by 2020. We...Read More