"Gold edged up as tensions rose when US President Donald Trump hiked tariffs on Chinese goods during trade talks between the two power countries. https://t.co/UYAoJMGnxz #Investing #Resource #Gold"Read full newsRead More
First Quantum Minerals (TSE: FM) is investigating the possibility of re-starting its idled Ravensthorpe nickel/cobalt operation in Australia, according to UK-based market research firm Roskill.The Vancouver-based company acquired the Ravensthorpe mine and processing plant from BHP in February 2010, with commercial production reached in December 2011. However, the mine was later placed under care a...Read More
British Columbia's top mining companies have been on a roller-coaster ride over the past five years, according to data compiled for Business in Vancouver's Biggest Mining Companies in B.C. list.In 2015, Teck Resources Ltd. (TSX:TECK.B) (No.1 on BIV's list) and Goldcorp Inc. (TSX:G) (No. 2) suffered massive declines in net income.Teck's net income fell by $2.87 billion to $2.48 billion in the red...Read More
Japan's JX Nippon Mining & Metals, a mining and smelting unit of JXTG Holdings Inc, said on Monday that Seiichi Murayama, senior executive officer, will become its new president on June 26, replacing the current president Shigeru Oi.Under a long-term vision through 2040 announced on Monday, JX Nippon Mining aims to transform itself into a company focusing on advanced materials from a company cente...Read More
"@NYCPunter got lucky could have been somethings special if he had gone a bit lower in round 2... was just a value play at 200-1 (T-5) nothing else form coming in was bad. Bunch of guys T-5 he just sneaked in. GL in the PGA"Read full newsRead More
Poland's energy market is being left to speculators after repeated interventions by the government have put off long-term investors, the head of market regulator URE told Reuters, describing the situation as a "tragedy".Maciej Bando, whose five-year term ends in June, said unpredictable decisions by the ruling Law and Justice (PiS) party aimed at protecting state-run businesses and a recent cap on...Read More
As the platinum industry heads for its annual gathering in London, the question is whether one of the worst-performing metals of the last few years can sustain its recent recovery.For now, the signs are that it may. Prices of the metal mostly used in autocatalysts are off to the best start to a year since 2016 as investors flock back to exchange-traded funds. The outlook in the physical market is...Read More
Chinese steelmakers are regaining their appetite for high-grade iron ore despite record-high ore prices, mill managers and traders say, as recovering profit margins spur plants to seek efficiency gains and ramp up output.Steel firms had been forced to slash input costs through switching to low-quality ore in late 2018 as steel margins dived amid record output. A sharp surge in iron ore prices in e...Read More
Soaring investment demand will create platinum shortages in 2019, while the palladium market will see a deficit for the eighth consecutive year due to robust demand from the auto sector, specialist materials firm Johnson Matthey said.In a report produced at the start of Platinum Week in London, Johnson Matthey forecast a 127,000-ounce platinum shortfall this year, after surpluses of 372,000 and 44...Read More
Poland's prime minister and other government officials will meet on Tuesday to discuss a threat by Australia's Prairie Mining to sue Warsaw over difficulties it faced in developing coal projects, three sources familiar with the situation said.Prairie Mining, which has been developing two mines in Poland, said in February that it had notified the Polish government about an investment dispute and th...Read More
Predicting where a stock will be in 10 years is a difficult task. Doing so for a mining stock is even tougher.Still, there are several important clues that can help us predict the future more clearly.Take Barrick Gold Corp (TSX:ABX)(NYSE:GOLD) for example. Over the last decade, shares have lost more than half of their value.After its multi-billion merger with Rangold and a new joint venture with N...Read More
Commodity prices are broadly down over the past month, and one has to wonder if it all isn't spelling trouble for certain leading Canadian metals and mining stocks.Negotiations between China and the United States hit another bump in the road with the U.S. announcing on Friday plans for additional tariffs on Chinese imports.But while the absolute dollar amount the new tariffs sounds onerous, they'r...Read More
When this year started, I’d argued that investors should keep gold in their portfolios. Central banks had seemingly capitulated on their rate-tightening paths in late 2018. This spurred a stock market run in the first quarter of 2019. The yellow metal managed to hold steady for much of the year before a dip in April.The deterioration in trade talks between the United States and China has rat...Read More
The key executives behind Goldcorp's Coffee gold project in Yukon are back, this time leading a new junior miner called Tectonic Metals Inc. The company is seeking to raise C$5 million through a special warrant financing and pursuing a direct listing on the TSX Venture Exchange.Tectonic was founded nearly two years ago by Eira Thomas, Tony Reda and Rob Carpenter, who were key executive members of...Read More
I'm writing to you from what has been called the happiest place in the world: Copenhagen, Denmark.It's a beautiful, sprawling, historic city covered in lush parks and bustling with Danes zipping around town on bicycles. But I'm not here to sightsee...I'm here to uncover the next wave of cannabis legalization.I am attending the first annual European Cannabis Symposium, which has brought together br...Read More
May 14, 2019 Guest(s): Max Keiser Long-term fundamentals, as well as medium-term monetary policies, all contribute to a bullish environment for bitcoin, this according to Max Keiser, host of the Keiser Report, who maintains his $100,000 a coin price target. "When the Federal Reserve bank signaled that they were going to permanent quantitative easing, I said look, that's the bottom for bitcoin,...Read More
Toronto-based junior miner Orvana Minerals (TSX: ORV) posted a relatively strong fiscal second quarter ended March 31, 2019, with good performance from its two operating mines: the Don Mario gold mine in Bolivia and the El Valle gold-copper mine in Spain.Orvana recorded net income of $3.3 million on $36 million in revenue during the past quarter, compared with a net loss of $3.5 million on $37 mil...Read More
BHP on Tuesday admitted to institutional investors it "overinvested" in its Jansen potash project in Saskatchewan where the Anglo-Australian giant has already spent $2.7B over nearly six years.At a BofA Merrill Lynch mining and metals conference held in Barcelona, CEO Andrew Mackenzie said the company's "thinking around the project's initial scope has evolved":"However, Jansen remains an attracti...Read More
Global miner Rio Tinto (ASX, LON:RIO) may be ready to start mining lithium from its project in Jadar, Serbia in four years, but no decision will be made until the end of 2020, when the company expects to have completed a study on the deposit.The asset, near the town of Loznica, in western Serbia, gives Rio Tinto an option to supply the world's electrification needs, chief executive Jean-Sebasti...Read More
Eastmain Resources is pleased to report results for 7 drill holes (1,767 metres in the 2019 winter program at the Percival discovery on its 100%-owned Clearwater Property in James Bay, Quebec. Winter drilling is now complete, with 17 drill holes totalling 4,659 metres. Assays are pending for the 4 remaining holes of the program.Program highlights include:Identification of 3 main east-trending zone...Read More