A deal that would see Barrick Gold Corp. split returns from its Tanzanian unit with the government could have ramifications for its negotiations with other countries, including Papua New Guinea and Democratic Republic of Congo.The Toronto-based miner's long-term license to operate its mine in Papua New Guinea is due for renewal this year. The question is whether officials there, and in other count...Read More
Iranian mills have managed to achieve higher export sales prices in Asia and the Middle East North Africa (Mena) region due to the uptrend in global billet prices and reduced availability of material from the CIS.Fastmarkets' weekly price assessment for Iranian export billet was $390-410 per tonne fob on Wednesday February 20, compared with $400-410 per tonne fob a week earlier.A la...Read More
According to Lior Gantz the US Dollar is on a path of serious decline. More countries are de-dollarizing as China becomes the pre-eminent economy. Out of control deficits are another symptom of the problem. As the appetite for US Treasuries fades, the Fed will be left with no choice but to print up new dollars to finance the deficits. They're boxed in with very limited choices, none of them attrac...Read More
On Wednesday, hopes that an escalation of the trade war between the US and China can been avoided (or at least postponed) sparked a massive rally in mining stocks - already buoyed by climbing metals prices.US President Donald Trump said yesterday he may not increase tariffs on Chinese products on March 1, as talks about the trading relationship between the world's two largest economies continue in...Read More
A Chinese financial and economic crisis has been in the forecasts of many analysts for years, including my own. So far, it has not happened. Does this mean China has solved Continue...Read More
Since the end of QE and the "taper" in October 2014, the Fed has been trying to "normalize" their balance sheet and interest rates. The balance sheet needed to be reduced from Continue...Read More
South Africa's Sibanye-Stillwater expects its full-year attributable loss to be more than $100 million greater than guidance in a trading statement last week, it said on Wednesday, after a review of tax changes in the United States.Sibanye now expects a headline loss per share of 1 cent, compared with 12 cents in 2017The gold and platinum miner's shares fell into negative territory on the news tha...Read More
Several of my so-called friends have been nagging me for years to write something about the basics of investing in resource stocks. I was quite comfortable with whiningContinue...Read More
China's domestic rebar prices dropped on Wednesday April 20 amid sustained weakness in demand. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($542-547) per tonne, down 30-50 yuan per tonneNorthern China (Beijing): 3,680-3,700 yuan per tonne, down 70-80 yuan per tonneLow temperatures in northern China and rain in the eastern region dampened post-holiday demand, market sources said.This has le...Read More
The US Supreme Court ruled unanimously on Wednesday that the Excessive Fines Clause in the 8th Amendment applies to state and local governments. Continue...Read More
Blockchain is a notable buzzword, and while the technology is being rapidly adopted by many industries, the mining sector has been criticized for staying stuck on old models."The world has been transformed by new technologies such as the internet and the blockchain, mining has continued to do business slower and more expensively than is necessary," said Grant Lenaarts, CEO of Mineral Assurance - a...Read More
Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More
Please consider a couple of examples of government-sponsored green deal projects that blew sky high at taxpayer expense.Continue...Read More
On today's episode of Double Down, Max Keiser and Stacy Herbert talk to Egon von Greyerz of Continue...Read More
Peru moved to shut down a major illegal gold mine hub deep in the Amazon after years of expansion destroyed pristine rain forest and polluted rivers with mercury.The government deployed 1,500 agents from the police and armed forces to La Pampa in the Madre de Dios region of southeast Peru on Tuesday to begin closing down mine operations. The crackdown will last two weeks and aims to eradicate mini...Read More
Resarches at Metals Focus said they're seeing evidence of strong gold-jewelry demand in China Continue...Read More
Australia's largest gold producer, Newcrest Mining, (ASX: NCM), is expanding its footprint in Ecuador by signing an agreement with Cornerstone Capital Resources (TSX-V:CGP), a Canadian junior with several assets in the country, including a 15% stake in SolGold's Cascabel copper-gold project.Under the deal, a subsidiary of Newcrest will have the option to earn up to a 75% interest in two early-st...Read More
A report published by Fitch Solutions states that due to the prevalence of off-grid remote mineral deposits in Sub-Saharan Africa and the fact that traditional grid-power tends to be unreliable in those mines, mining companies operating in the region should invest in renewable energy.According to the market research firm, off-grid mines could benefit from reducing their dependency on diesel while...Read More
Canadian bullion producer IAMGOLD Corp. (TSX: IMG) (NYSE: IAG) reported a 23% increase in its proven and probable gold Reserves, which reached 17.9 million ounces at the end of 2018 due to the conversion of resources to reserves at the Saramacca deposit in Suriname, the C??t?(C) gold project in Ontario, and the Boto gold project in eastern Senegal.At the end of 2017, the miner's reserves were 4.5...Read More
Canada's Barrick Gold (TSX:ABX) (NYSE:GOLD) and Tanzania have arrived at a plan to settle disputes between the miner's 63.9%-owned Acacia Mining (LON:ACA) and the country's government, which includes a $300 million payment to resolve tax claims in the East African nation.Among the proposals put forward, Barrick offered to create a local operating company in Tanzania and share economic benefits fro...Read More