President Donald Trump issued an executive order on Wednesday prohibiting the purchase of Iranian iron, steel, aluminum and copper, ratcheting up tensions with the Islamic Republic less than a day after it declared it may begin enriching uranium again in two months.Trump said in his order that the prohibition on trading in the Iranian metals - the country is the world's 18th largest steel exporter...Read More
Lithium chemicals supplier Livent Corp. (NYSE: LTHM) saw its shares tumble by over 22% on Wednesday on the back of a disappointing Q1 earnings release, along with a substantial cut in full-year guidance. The company's market capitalization now sits at $1.2 billion.Livent, which was spun out of FMC Corp. and went public last year, reported Q1 revenue of $98.3 million, about $5 million below analyst...Read More
Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers as the latter refuse to take contaminated crude that traders bought from companies in Russia.At least 10 crude tankers with 1 million tonnes of oil, worth more than $500 million in normal circumstances, are marooned across Europe and still looking for buyers because they have b...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) is evaluating options for returning to long-term production in Chile, the world's top copper miner, where the company already has two key assets.One alternative the company is very keen on is resuming mining at its La Coipa gold and silver mine, located in Chile's northern Atacama Region, it said while delivering first quarter results on Tuesday.Alte...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest producer of the precious metal, said Wednesday it had pinned down assets worth about $1.5 billion that it intends to sell through next year, adding it also remains open to acquiring new projects.President and chief executive officer, Mark Bristow, said Barrick would offload the unwanted assets once they are optimized enough t...Read More
How bad is the trade war for materials investors? How about nearly $22 billions lost within day and a half - and counting.The S&P 500 Materials Index fell about 3.4 percent from Friday's close, after President Donald Trump threatened to raise tariffs on billions of dollars of imports from China. The total value lost for the index totaled about $22 billion since then, according to Bloomberg data. T...Read More
A trade dispute between China and the United States is the main issue causing volatility in metal prices and market participants are braced for stormy conditions to persist, industry sources said in Hong Kong this week.A swift deterioration in China-U.S. trade talks hit global financial markets this week as investors faced the prospect of an escalation rather than an end to a 10-month-old trade wa...Read More
Iron ore prices look increasingly caught between the bullish reality of lower supply from Brazil and the bearish possibility of weaker demand if President Donald Trump carries out his threat to ramp up his tariff war against China.The price action in the wake of Trump's Twitter threat on Sunday to ramp up tariffs on $200 billion of imports from China to 25% was indicative of iron ore's dilemma.Tak...Read More
Base metals have had a shaky start to 2019, with a cautious first-quarter advance giving way to an April drop on uncertainty about the global economy and the impact Chinese stimulus will have on consumption.Clouding the outlook are mixed signals on world growth. China's first official gauge of the manufacturing sector fell in April, indicating that more may be needed to bed down the economic stabi...Read More
On his second day in office, Michael Goehring, newly appointed president and CEO of the Mining Association of British Columbia (MABC), was caught in a flurry of requests from multiple parties anxious for his attention.After a brief vacation in Las Vegas, Goehring started his role on May 1, directly following two decades in his previous position as partner at National Public Relations, Canada's lar...Read More
Nevada Copper Corp's (TSX: NCU) announced a series of deals on Wednesday to finance its 100%-owned Pumpkin Hollow copper project through to completion targeted for the final quarter of the year.The company HQ'ed in Reno, Nevada entered into a $115 million credit agreement with Germany-based KfW IPEX-Bank and also announced a public share offer and concurrent private placements to raise $30m, two...Read More
Montreal-based Osisko Metals reports successful results for pre-concentrating test work using material sorters. Two technologies were tested - x-ray transmission sorting and dense media separation.Representative samples were prepared of material from Osisko's Pine Point zinc-lead project 65 km east of Hay River. Pre-concentration of the ore can significantly reduce the cost of haulage and milling....Read More
A report published by Rapaport this week reveals that polished-diamond prices declined in April with 1- carat diamonds sliding 1% year-to-date and 3-carat diamonds falling by 6.1% year-to-date.Right behind 3-carat diamonds, the price of 0.30-carat diamonds fell by 5.9% year-to-date, while 0.50-carat diamond prices dropped by 1.2% year-to-date.According to Rapaport, the fall is caused by continued...Read More
While it’s impossible to eradicate risk entirely from a metals and mining stock portfolio, there are definitely strategies a new investor can stick to in order to bring it down. One way is to invest in ETFs that spread the risk of various assets, while another is to pick miners that have the healthiest balance sheets and track records. Here are two stocks that may fit the bill for a young TS...Read More
TSX Index investors should be no strangers to uncertainty in the markets at this stage; however, with the return of the Sino-American trade war to the financial headlines, it may be time once again to wheel out the gold stocks.A favourite among shareholders and portfolio managers in times of stress, gold remains a top defensive pick, with pure-play mining stocks being at the forefront of the movem...Read More
Quebec-focused Monarch Gold (TSX: MQR) is taking a 14.2% stake in Unigold (TSXV: UGD), whose Nieta project in the Dominican Republic has an open-pit inferred resource of 39.49 million tonnes grading 1.59 grams gold per tonne for 2.01 million ounces of gold. Unigold's stock soared over 45% on the news.Monarch has acquired from an investor a block of 6.5 million Unigold shares at a price of $0.115 p...Read More
Vancouver- based junior Forum Energy Metals' (CVE:FMC) stock exploded 75% Thursday morning, after it was announced the company had signed an option agreement with Rio Tinto Exploration Canada (RTEC) to earn an interest in the Janice Lake property in north-central Saskatchewan.Janice Lake is about 55km southeast of Key Lake Saskatchewan, and has geologic features that are analogous to the gian...Read More
Publisher's Note: With stock indices getting back into all-time high territory, but a massive amount of contradictory economic indicators and outlooks, we turn to Mr. James Dines and his experience to take a cold, hard look at everything that's going on.Read on for an excerpt from the latest edition of The Dines Letter to take advantage of Mr. Dines' analysis.To your wealth,Nick Hodge@nickchodge...Read More
MacLean Engineering showcased its newest technology development at this year's CIM Convention in Montreal. The new MacLean virtual reality (VR) bolter training tool was front and centre, providing visitors with a hands-on experience of the immersive training world of virtual ground support installation."This past year we made significant investments in our in-house technology development capabilit...Read More
May 09, 2019 Guest(s): Neil Pereira Principal Investment Officer, International Finance Corporation. Past experiences with foreign investment in developing countries' mining industries have proven challenging. and the key to navigating the existing obstacles involves a two-fold solution, this according to Neil Pereira, principal investment officer of the International Financial Corporate. When d...Read More