Shanta, which will keep 51% ownership and operate the project, decided to raise equity via an IPO after receiving encouraging feedback from recent investor roadshows in Tanzania, Uganda and Kenya.It has already submitted the IPO prospectus to the DSE and Tanzanian Capital Markets and Securities Authority, with completion expected to take between six and 12 months.The funds will be used to finance...Read More
Bob Moriarty ArchivesMar 29, 2019For those who have not yet read Basic Investing in Resource Stocks, you should consider it. I predict the big collapse to come soon, very soon followed by what I term “The Big Reset”. Martin Armstrong just put out a piece essentially saying the same thing titled, The Financial Panic of 2019?I realized when I wrote my book in January of this year that I...Read More
A cargo of 30,000 tonnes of Chinese-origin alumina has been sold at 2,810 yuan ($417.10) per tonne fob Yantai port to Glencore in recent days, a source familiar with the matter told Fastmarkets on Friday March 29. The price is equivalent to around 2,560 yuan per tonne ex-works, taking into account nearly 250 yuan per tonne for freight to Yantai port and other costs. This is 3.8% or 100 yuan per to...Read More
Miner MMG has declared force majeure on copper concentrate supply contracts from the Las Bambas mine in Peru.Two customers due to receive tonnages said they had been told by offtake partners they would not be receiving material as contracted. "We got...Read More
By: IRA EPSTEINGold in a down thrust, but not bearish. Gold remains above the 100-DMA, resistance at $1307.60 level. Momentum is down, bias down but not trend down:Read More
Trend for gold and silver is down at the moment. Demand in Asia will be the key. Look for short covering in gold and silver as the quarter comes to a close. Crude oil is fundamentally bearish. I expect lower demand in Asia in the upcoming quarter. Copper will volatile. 5 reasons why did gold and silver fell this week?1. US dollar gains as it acted as safe haven in currency markets.2....Read More
Adam HamiltonArchivesMar 29, 2019 The major silver miners have rallied higher on balance in recent months, enjoying a young upleg. That's a welcome change after they suffered a miserable 2018. Times are tough for silver miners, since silver's prices have languished near extreme lows relative to gold. That has forced many traditional silver miners to increasingly diversify into gold. The major silv...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Gold prices on Thursday suffered the largest single-session percentage decline since August, to settle below the key $1,300 mark for the first time in two weeks. A firmer dollar helped to undercut demand. "The dollar has been rallying in recent days, and that certainly hasn't helped gold's case," said Brien Lundin, editor of Gold Newsletter. However, "there appears to be some selling involved tha...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Global scrap prices mostly fell in the week from Monday March 25 to Friday March 29, with only prices for exports from the United States rising on steady demand from the key import market of Turkey. Turkish steel producers buy mid-week Turkish demand supports US ferrous scrap export prices Weaker downstream markets hold back Vietnam ferrous scrap prices Taiwanese prices fall on lower bids India pr...Read More
Chrome steel prices in the UK edged higher in the week ended Friday March 29 on an increase in the quarterly European ferro-chrome benchmark price, Fastmarkets has learnt.The price of steel scrap solids with a chromium content of 12-13% was assessed by Fastmarkets on March 29 at ?190-230 ( ?249-302) per tonne delivered, widening upward by ?10 per tonne. This was the first change in the assessmen...Read More
Stornoway Diamond's Renard diamond mine in Quebec. Source: Stornoway Diamond Corp.Stornoway Diamond Corp. [SWY-TSX; SWYDF-OTC] is facing a liquidity shortfall this year unless diamond prices recover from current levels.It is a scenario which could have negative implications for Stornoway's share price, which was down 34.4% or $0.055 to 10.5 cents on Friday March 29 in heavy trading volume of 10....Read More
Turkish steel mills continued to remain out of the deep-sea scrap market at the end of the week due to the uncertain political situation in the country, sources said on Friday March 29.The Turkish lira was still very volatile against the US dollar because of the political instability and Turkish steel producers preferred to wait for the results of Sunday's mayoral elections before m...Read More
Positive headlines regarding continuing US-China trade talks have fueled a recovery in global risk sentiment so far on Friday March 29, subsequently providing support to three-month base metals prices on the London Metal Exchange.Nickel and zinc led the complex higher, both up by 0.8%, while copper followed close behind with a gain of 0.7%. Lead, tin and aluminium saw more moderate increases this...Read More
Editor’s note: This story was previously published in January 2019. It has since been updates and republished.The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks. Investors in these stocks often lose everything &...Read More
The Friday Market Minute Global stocks gain as Treasury Secretary Steven Mnuchin touts "constructive" trade talks with Vice Premier Liu He in Beijing.U.S. Treasury curve inversion between 3-month bills and 10-year notes narrows as global bond yields edge modestly higher, but softer European inflation readings continue to apply downward pressure.U.K. Prime Minister Theresa May will brin...Read More
Ontario's Government for the people is supporting small businesses in Batchewana First Nation by investing in a manufacturing facility for fishing equipment, creating three full-time jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced Black Fox Fishing is receiving $50,000 to secure a trademark and purchase equipment for a manufactu...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More