Trade wars will prevent gold from a big crash. The European commission has said that it will lodge a complaint against China (in WTO) for patent infringement along with complaints against the US over tariffs. There is also some speculation that the USA will coerce China to prevent it from using the yuan on petro dollar billings. All in all, other than economic factors the rest of the other fac...Read More
The commodities industry downturn from 2013-2016 had a massive effect on companies in Australia and around the globe - with most mining companies going into survival mode. Since mid-2016 though, the market has been in a strong recovery cycle and, some say, it has now reached its peak. Where we are now is really at an inflection point and, depending on where the global economic cycle moves, commodi...Read More
Despite the fact that top coal producers are receiving the highest profits in six years from their coal mines, Rio Tinto (ASX, LON, NYSE: RIO) continues to work towards accomplishing its mission of completely divesting from its coal assets.In a media brief, the world's No.2 miner announced that it had completed the sale of its 75 percent interest in the Winchester South coal development project in...Read More
Last week's other top-gaining mining stocks on the TSX were Tahoe Resources, Liberty Gold, Entree Resources and TMAC Resources.Read full newsRead More
British Prime Minister Theresa May told President Donald Trump on Monday that U.S. tariffs imposed on European Union steel and aluminium imports were "unjustified and deeply disappointing" during a phone call.The leaders spoke for the first time since the announcement in a 30-minute call and agreed to discuss the issue further at the G7 summit in Canada later this week.Trump has infuriated Europea...Read More
Ready for inflation?Just days after Treasury Secretary Steven Mnuchin reassured markets that a trade war between the U.S. and China was "on hold," the Trump administration announced that it would be moving forward with plans to impose 25 percent tariffs on as much as $50 billion worth of Chinese exports to the U.S. Beijing has already suggested that it will retaliate in kind.The White House also r...Read More
Source: James Kwantes for Streetwise Reports 06/04/2018James Kwantes, editor of Resource Opportunities, speaks with Ken Armstrong, the CEO of one of the more active diamond companies globally.Vancouver-based North Arrow Minerals Inc. (NAR:TSX.V) is one of the more active diamond exploration companies globally, with a portfolio of projects focused on Canada. Its most advanced-stage project is t...Read More
BERLIN, June 4 (Reuters) - Daimler said planned launches of battery-powered luxury cars were on schedule on Monday following a report in Germany's Handelsblatt that they were facing delays because of battery shortages and other technical problems.The German business daily said that Daimler's new "EQC" electric midsize sport-utility vehicle will not hit dealerships until June 2019, several months a...Read More
(Bloomberg) - Trade tensions between the U.S. and China are unlikely to be resolved by the existing architecture that governs world trade, according to Stephen Olson, Hong Kong-based Research Fellow at the Hinrich Foundation Ltd.The world's two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist, something the World Trade Organization does...Read More
Mr. Nelson Baker reportsMINERAL MOUNTAIN DRILLING STARTED AT STANDBYMineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. have started drilling on the Standby mine property, situated near the town of Rochford, in the Black Hills of South Dakota. As reported previously, three NQ diamond drill holes, ST18-001, ST18-002 and ST18-003, totalling 1,322 metres have been...Read More
ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce the commencement of drilling at its 1,700 km2 Rackla Gold Property in east-central Yukon.The previously announced, ~20,000 m diamond drill program will include: ~10,000 m at the high-grade, Carlin-type Osiris Project; and ~10,000 m at the Carlin-type Orion Project funded by Barrick Gold Corp. ("Barrick") under an exploration partnersh...Read More
Source: Maurice Jackson for Streetwise Reports 06/01/2018Matthew Gili, CEO of Nevada Copper, speaks to Maurice Jackson of Proven and Probable about the company's plans to go into production.Maurice Jackson: Today we will highlight the next mid-tier production company. I'm speaking of Nevada Copper Corp. (NCU:TSX; NEVDF:OTC.MKTS), North America's next copper producer. Joining us for a conversat...Read More
LONDON/MOSCOW, June 4 (Reuters) - In a bid to free Rusal from U.S. sanctions, the independent directors of the company controlling Russia's biggest aluminium producer have hired Rothschild to advise on the sale of billionaire Oleg Deripaska's stake, a source said.Deripaska and the biggest firms in his empire, including Rusal and holding company En+, were included in April's U.S. Treasury Departmen...Read More
OTTAWA, June 4 (Reuters) - Canada's cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs, just hours ahead of a scheduled meeting between Prime Minister Justin Trudeau and domestic industry leaders.U.S. President Donald Trump last week unveiled a 25 percent tariff on Canadian steel and a 10 percent tariff on aluminum, citing national security reason...Read More
Mr. Brett Heath reportsMETALLA DECLARES MONTHLY DIVIDENDMetalla Royalty and Streaming Ltd.'s board of directors has approved and declared a monthly cash dividend payment of 0.15 cent per share for July, August and September on its common shares for the upcoming quarter (subject to any applicable tax withholding obligations).Brett Heath, Metalla's president and chief executive officer, commented: "...Read More
BEIJING, June 4 (Reuters) - Aluminum Corp of China , known as Chinalco, at the weekend said it had started work on a $1.3 billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually, Chinalco Chairman Ge Honglin said at a groundbreaking ceremony in Peruvian ca...Read More
Gold mine owners have polluted a river in Brazil's Tapaj??s basin and placed a price on the heads of resisting Munduruku leaders. A federal raid in May failed to stem the conflict.Read full newsRead More
Commercial banks are putting gold into Turkey's central bank to help deal with rapid inflationRead full newsRead More
Tanzania will issue large-scale mining licences only after cabinet approval, a senior official said on Friday, part of new measures aimed at further tightening control of the industry.Read full newsRead More
Mr. Nav Dhaliwal reportsBONTERRA FURTHER EXTENDS THE GLADIATOR GOLD DEPOSIT TO THE WEST INTERSECTS 34.3 G/T AU OVER 2.8 M IN THE NORTH ZONEBonterra Resources Inc. has released the latest drilling results from the continuing resource development program at the Gladiator gold deposit, including an intersection of 34.3 grams per tonne gold over 2.8 metres, which further extended the south zone to the...Read More