The verdict is in, and it does not look good for miners in Argentina. In a unanimous decision on Tuesday, Argentina's Supreme Court rejected a challenge to an environmental law banning mining in glacial areas that was brought by Barrick Gold. The Canadian miner had attempted to subvert Argentina's controversial Glacier Protection Law prohibiting mining in glacier and permafros...Read More
Source: GlobalData Mining Intelligence CenterA new report by GlobalData shows the value of capital raising deals in the metals and mining sector increased from the final quarter last year to over $11 billion in Q1 2019, despite the number of agreements inked falling sharply.GlobalData said overall, the total volume of completed capital raising deals decreased from 378 in Q4 2018 to 273 in Q1 2019,...Read More
There has been no shortage of fighting talk about Australia's lack of cohesive energy and carbon policies in recent weeks, with the only certainty being the combative rhetoric makes a lasting solution more of a fantasy.Australia is the world's third-biggest exporter of energy behind crude oil heavyweights Saudi Arabia and Russia, thanks mainly to its status as the biggest shipper of coal and lique...Read More
Australian and Malaysian government officials are due to meet later this month, a state mining spokeswoman confirmed and the plan for Lynas Corp's controversial rare earths waste storage in the country is likely to be at the top of the agenda.Bill Johnston, Western Australia's minister for mines, will meet Hon Yeo Bee Yin, Malaysia's energy minister, in Perth on June 20, a ministry spokeswoman tol...Read More
The Trump administration is attempting to dial down the tension with Iran, lowering the risk of military conflict and pushing for diplomatic negotiations.On Sunday, U.S. Secretary of State Mike Pompeo said that the U.S. was ready to negotiate with Iran with "no preconditions," a shift in strategy after laying out a list of 12 hardline demands last year, a list that seemed to be a set of precondi...Read More
Monarca Minerals (TSXV: MMN) entered into an option agreement to acquire a 100% interest in the 5,580-hectare San Jos?(C) project located in Chihuahua, northern Mexico.To go ahead with the deal, Monarca will pay a total of $150,000 to the mining concession owners and the agreement includes a 2% Net Smelter Return royalty upon reaching commercial production.In a media statement, the Canadian miner...Read More
Japan's Nippon Steel Corp said any move by Washington to impose tariffs on Japanese cars and auto parts will hurt its earnings, but expects less of a direct impact from proposed tariffs on U.S. imports from Mexico.Aiming to curb a surge in illegal immigration, U.S. President Donald Trump said last week he would target all goods coming from Mexico with a 5% tariff from June 10, increasing to 25%, u...Read More
Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020, the World Bank says in its June 2019 Global Economic Prospects: Heightened Tensions, Subdued Investment. Global growth in 2019 has been downgraded 0.3 percentage point below previous forecasts, reflecting weaker-than-expected international trade and investment at the start of...Read More
Hi there, Fools. I’m back to call your attention to three stocks trading near their 52-week highs. Why? Because after a given stock rallies over a short period of time, one of two things usually happens:the stock continues to climb as momentum traders pile on; orthe stock quickly pulls back as value-oriented investors look to lock in gains.Holding for the long run is still the best way to bu...Read More
Vancouver-based Pretium Resources reports that its 2019 deep underground drill program confirmed there is mineralization similar to the Brucejack mine at depth and to the east of the mine workings. The mine is located about 65 km north of Stewart, British Columbia.Two holes totaling 3,500 metres were drilled - one to the northeast and the other to the southwest - in an area that had not been drill...Read More
The price of copper was hammered on Wednesday amid mounting worries about the impact of a trade war between the world's two largest economies and a global slowdown in manufacturing.In early afternoon trading in New York, copper for delivery in July touched a low of $2.62 a pound ($5,775 a tonne), down nearly 2% from Tuesday's settlement. Copper is now trading more than 20% below levels seen this t...Read More
Publisher's Note: We live in an unprecedented time, but we can rely on knowledge and experience nonetheless. That's why we're bringing you Mr. James Dines' analysis today.Read on for an excerpt from the latest edition of The Dines Letter to capitalize on his unique and authoritative view on debt, currency, and how gold is more important than ever.Call it like you see it,Nick Hodge"The creditor h...Read More
The miniDriller DM901HDE is the most compact drill rig for underground mines, according to its manufacturer, Aramine.Completing the company's equipment range for narrow vein mines, the DM901HDE has a diesel engine for tramming and an electric motor for drilling.The DM901HDE has a low center of gravity which gives an optimal stability and despite its narrowness, its two front stabilizers offer perf...Read More
Purepoint Uranium Group of Toronto has offered an update on work planned for the Hook Lake uranium project. Purepoint (21%) sat down with its joint venture partners Cameco (39.5%) and Orano Canada (39.5%) to review data and develop the next steps to advance the project.There are three areas of particular interest. The North Dragon area lies 800 metres west of and parallel to the Dragon shear zone....Read More
Toronto-based Seabridge Gold has signed a definitive agreement to acquire 100% of the Goldstorm project from Mountain View Gold Corp. The sale price will be paid with 25,000 common shares of Seabridge.The Goldstorm project is located about 3 km east of Seabridge's 100% owned Snowstorm property. It lies at the intersection of the Northern Nevada Rift, Carlin Trend and Getchell Trend. Little explora...Read More
Jun 05, 2019 Guest(s): Daniel Oliver Founder, Myrmikan Capital Gold hitting $3,000 isn't just a belief, it's a "monetary science", and will happen sooner or later said Dan Oliver, founder of Myrmikan Capital. Oliver said that the Federal Reserve has printed enough money to cause over-capacity in our economy and create a bubble that's ready to burst. "When the bubble is happening people don't nee...Read More
The benchmark copper price London Metal Exchange ended 1.5% lower on Wednesday June 5, leading the rest of the base metals lower.The three-month copper price closed at $5,807 per tonne, not far above its 2019-to-date low of $5,725 per tonne. "Our technical indicators suggest LME copper is still in a prevailing downtrend. We would not be surprised by renewed selling pressure," Fastmarkets base...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose sharply for a second day Wednesday, lifted by signals of a potential interest rate cut from the Federal Reserve. Apple (AAPL - Get Report) was higher after CEO Tim Cook told CBS News he didn't think the tech giant would be targeted by China should the ongoing trade war between...Read More
Tin flows into the London Metal Exchange late in May and June are beginning to put pressure on tin premiums basis the regions we follow, with the US ingot premiums narrowing downward on Tuesday June 4. An additional influx to LME Baltimore warehouses pressured US premium down. European premiums hold with futures prices closer to today's. Chinese premiums extend lengthy flatline trend....Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 5. Please click...Read More