"People have to remember, mining stocks are like tech stocks where everybody and their car or Uber driver piles into them when they're moving higher. It's not a well-followed, well-understood sector which is what I like about it because it means there's plenty of opportunities to make a lot money in stocks that don't end up featured on CNBC or everybody's favorite newsletter."Elijah Johnson of Sil...Read More
Prices for steel billet in most of the major global markets softened in the week ended Friday November 16, amid a downturn in scrap import costs, pessimism created by China's plummeting steel prices, and sluggish downstream sectors.Meanwhile, Iran has virtually exited the export market after a fresh round of sanctions were introduced by the United States in early November. No bookings were heard f...Read More
Iran Minerals Production and Supply Company, a subsidiary of state-owned Iranian Mines and Mining Industries Development and Renovation Organization, announced through the country's public broadcaster that it has signed a memorandum of understanding with industry group Iran Mine House and a private company with the idea of developing six small-scale gold and copper mines.With this deal, the Hassan...Read More
An institution with money-printing powers should have no difficulty keeping the lights on. But could it continue to act effectively after depleting its net worth?Former Bank of England policymaker Willem Buiter posed that question in early 2008, and it's currently the biggest challenge facing his long-time research collaborator Urjit Patel, the Reserve Bank of India governor.Under pressure to retu...Read More
Prices for steel billet in most of the major global markets softened in the week ended Friday November 16, amid a downturn in scrap import costs, pessimism created by China's plummeting steel prices, and sluggish downstream sectors.Meanwhile, Iran has virtually exited the export market after a fresh round of sanctions were introduced by the United States in early November. No bookings were heard f...Read More
Through its representative in Argentina, Mario Hern??ndez, Canada's Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said that, despite having sold the Gualcamayo gold mine to Colombia's Mineros (BVC: MINEROS), it will continue to invest in exploration in different regions of the country.Earlier this year, Yamana announced a hike in its exploration budget to $11.2 million from the $9 million allocated in t...Read More
This gold explorer remains on track with its 2018 project enhancement goals. Liberty's Goldstrike ProjectThis gold explorer remains on track with its 2018 project enhancement goals. Liberty Gold Corp. (LGD:TSX) announced in a news release more results from the reverse circulation drilling at Goldstrike that it finished on Nov. 1. These data will be incorporated into a preliminary resource estimat...Read More
This company continues to explore expansion potential at its open pit and underground mines. Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) increased the Proven and Probable mineral reserves at the Los Filos open pit in Mexico by 122%, the company announced in a news release. The new 2P total as of Oct. 31, 2018, which is for the Los Filos open pit only, is 40.5 million tons with a grade of 0.6 gr...Read More
The Mercenary Geologist Mickey Fulp discusses with Maurice Jackson of Proven and Probable how peak oil could inform investment in gold miners. Maurice Jackson: Joining us for a conversation is the Mercenary Geologist, Mickey Fulp. Pleasure to speak with you. Mickey Fulp: Thank you, sir.Maurice Jackson:Mickey, one of the concerns that I think speculators are having in the natural resource space is...Read More
Prices for steel billet in most of the major global markets softened in the week ended Friday November 16, amid a downturn in scrap import costs, pessimism created by China's plummeting steel prices, and sluggish downstream sectors.Meanwhile, Iran has virtually exited the export market after a fresh round of sanctions were introduced by the United States in early November. No bookings were heard f...Read More
Nespresso will become the first company to use responsibly-sourced aluminium, provided by Rio Tinto, to produce its coffee capsules, marking yet another signal of customer-driven demand for sustainable products. The aluminium, which will be certified by the Aluminium Stewardship Initiative (ASI), is being supplied under a Memorandum of Understanding to work together with the Nestl?(C) unit's capsu...Read More
Montana Resources, a unit of The Washington Companies that operates the Continental open-pit copper and molybdenum mine in Butte, Montana, recently partnered with Fairweather IT to bring high-tech to its bird hazing program.Since the mid-1990s, the company has run a waterfowl observation and hazing program at its 182-hectare Berkeley Pit but in late 2016, several thousand snow geese died at the to...Read More
Iran Minerals Production and Supply Company, a subsidiary of state-owned Iranian Mines and Mining Industries Development and Renovation Organization, announced through the country's public broadcaster that it has signed a memorandum of understanding with industry group Iran Mine House and a private company with the idea of developing six small-scale gold and copper mines.With this deal, the Hassan...Read More
Investing.com - This week trade tensions and Brexit developments will remain in focus as U.S. markets wind down for the Thanksgiving holiday.Currency traders will be watching for signs that the U.S. and China are seeking to de-escalate their trade dispute after President Donald Trump said he may not impose more tariffs on Chinese imports if China comes up with terms that he and Beijing could agree...Read More
Investing.com - In the week ahead, oil traders will pay close attention to comments from global crude producers to gauge their readiness on cutting output, after prices suffered their sixth weekly loss in a row.Global oil prices have lost roughly a quarter of their value since early October in what has become one of the biggest declines since a price collapse in 2014, with surging supply and the s...Read More
Investing.com - This week precious metals traders will be watching developments around global trade tensions and geopolitical risks, as well as moves in the U.S. dollar, after gold prices ended higher on Friday, notching up a weekly gain of more than 1%.Safe haven demand for the yellow metal was underpinned following the recent selloff in equity markets, a steep fall in oil pieces and mounting unc...Read More
RAPAPORT... Bonhams will offer an 18.04-carat diamond at its FineJewelry sale in New York next month, estimating the piece at $400,000 to$600,000. The emerald-cut, G-color, VS2-clarity diamond flanked bytrillion-cut diamonds will head up the auction on December 3 at the company'sMadison Avenue location, Bonhams said Thursday. "This is a beautiful example of a large, white diamondexhibiting sensat...Read More
RAPAPORT... Polished-diamond imports to Hong Kong increased 11% in thethird quarter, according to data from the Diamond Federation of Hong Kong,China. The average price of imports jumped 15%, offsetting the lower volumes -a trend that reflects a shift toward higher-value goods among traders.Polished imports grew 6% for the year to date, while exports to mainland Chinaclimbed 12% to $2.58 billionHo...Read More
* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Nikkei up 0.4 pct early, US stock futures slip* Confused by mixed signals on Sino-US trade outlook* Dollar subdued as Fed talks about global risks* Oil prices recoup some losses on chance of output cutBy Wayne ColeSYDNEY, Nov 19 (Reuters) - Asian shares inched cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sin...Read More
RAPAPORT... Alrosa has sold its 50% stake in the Sunland Mineralsexploration project in Botswana, according to its former joint-venture partner. Botswana Diamonds bought the Russian miner out for a"nominal sum" and now owns the asset outright, it said in a statement Thursday.Another large diamond producer with "new ideas" that is "keen to find newkimberlites" in the African country is close to acq...Read More