Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and its majority-owned Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) have reached a deal that ends a standoff between the companies over funding for an expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.The funding plan addresses the remaining US$2.3 billion needed for the underground project, building on and replacing deals set up under a m...Read More
Chinese ferrous scrap buyers are considering higher bids for imported heavy scrap, with steel mills in both east and northeast China looking to purchase more quantities in the coming weeks."Buyers in the northeast can bid as high as $485-500 per tonne cfr China," a trader in China told Fastmarkets.A buyer source at a south China-based steel mill said he was willing to purchase at $480-500 per tonn...Read More
Canada's Barrick Gold (TSX: ABX; NYSE: GOLD) and Papua New Guinea (PNG) have ended a year-long standoff with an agreement that gives the country's government a majority stake in the Porgera gold mine and outlines plans to restart operations.The agreement sets up a new joint venture, in which PNG stakeholders have a 51% stake and Barrick Niugini Limited (BNL) 49%. The partnership owns the gold mine...Read More
Import prices for ferrous scrap in Vietnam are still increasing due to a strengthening downstream steel market, though the rate of increase has slowed, sources told Fastmarkets on Friday April 9.A higher auction price at Japan's Kanto Tetsugen, a cooperative of scrap dealers in the Tokyo area, will likely support further price increases.Bulk cargoes of Japanese H2 scrap were offered to Vietnam at...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday April 9. China Seaborne low- and high-grade manganese ore prices continued to trend downward amid thin liquidity. Participants from both sides of the market submitted lower assessments citing the relatively low price levels at portside markets and high stocks. Spot demand for portsid...Read More
The Vancouver Real Estate market experienced both record sales and new listings in March. So what does this all mean? A deep dive analysis on the current mar...Read full newsRead More
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Auto sales in China surged in March for their 12th consecutive month of gains, as the world's biggest car market leads the sector's recovery from the COVID-19 pandemic.Read full newsRead More
Rio Tinto Ltd said on Friday it has reached a binding agreement with Turquoise Hill Resources Ltd over funding for expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.Read full newsRead More
Warren Buffet-backed BYD says it's opting for safer nickel, cobalt-free LFP batteries across its entire line-up as its "blade" technology overcomes driving range issues.Read full newsRead More
Lithium, nickel and cobalt attract strong demand as shift to green economy acceleratesRead full newsRead More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More
VANCOUVER, BC, April 6, 2021 /PRNewswire via COMTEX/ --VANCOUVER, BC, April 6, 2021 /PRNewswire/ - First Mining Gold Corp. (Read full newsRead More
APPROX 800 METERS DRILLEDVISIBLE GOLD INTERSECTED IN HOLE 4MULTIPRead full newsRead More
A massive wave of stimulus has injected more than just money into North American households. Indeed, a wave of optimism has hit Main Street. Investors now are more bullish than ever regarding the economic outlook coming out of this pandemic right now.Accordingly, inflation expectations are rising. Given the fact most central banks have indicated they’ll keep rates near zero for some time, th...Read More
At PDAC2021, we spoke with Ronald Thiessen, who is the President & CEO of Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK), a mineral exploration and development Company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in the Pebble world-class polymetallic copper...Read More
Dow closes the week at a new all time high.Small gains in gold and silver.Investors haven't yet realized the Fed can't stop inflation.Bitcoin is not an inflation hedge.Record number of Americans don't want jobs.60 Minutes is fake news.US Customs targets me at the airport.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schif...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More