BHP (NYSE: BHP: LSE: BHP; ASX: BHP) has inked a deal to divest up to US$1.35 billion in metallurgical coal assets in Australia, as part of the world's largest miner ongoing retreat from fossil fuels.The company is selling its 80% stake in BHP Mitsui Coal, or BMC, which operates the South Walker Creek and Poitrel coking coal mines in Queensland, to junior Stanmore Resources (ASX: SMR). The remainin...Read More
Friday November 5 saw fireworks on either side of the Atlantic. Just as the big bangs were fading on Guy Fawkes Night in the United Kingdom, rockets were going off in Washington as Congress passed a US$1.0 trillion Infrastructure Investment and Jobs Act. The former is our annual celebration of a failed assassination attempt in 1605, whilst the latter heralds a new era of construction in the United...Read More
Starcore International Mines (TSX: SAM; US-OTC: SHVLF) holds a portfolio of assets that includes a producing mine and exploration and development projects in Mexico.The Vancouver-headquartered miner "sits in an exciting position," says Robert Eadie, Starcore's president and CEO, "with a producing gold and silver mine, a large molybdenum-copper deposit, and newly acquired gold and silver claims, a...Read More
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SUBSCRIBE IF TRUMP IS THE BEST PRESIDENT!!EXCLUSIVE MERCH:https://united-stars-and-stripes.creator-spring.comFollow me on Instagram & Twitter @steeghzFollow ...Read full newsRead More
Tin remains the superstar of the London Metal Exchange (LME) industrial metals pack.Read full newsRead More
Iron ore futures languished on Monday, as benchmark prices collapsed under $100 a tonne due to weak Chinese demand and swelling portside inventory of the steelmaking raw material, but the country's upbeat October exports data lent some support.Read full newsRead More
China's daily coal output hit 11.93 million tonnes last week, a multi-year high as more capacity returned to operation, the state planner said in a statement on Monday, as Beijing tries to fill a supply shortage ahead of winter.Read full newsRead More
BHP has reached a deal to divest up to $1.35bn from two coal mines in Australia, as the world's biggest miner continues its retreat from fossil fuels. The company is selling its 80 per cent interest in BHP Mitsui Coal, which operates the South Walker Creek and Poitrel coking coal mines in Queensland, to Stanmore [...]Read full newsRead More
Recent Drilling Increases Limits of High Grade Zone at Depth SatoRead full newsRead More
The Board of Titan Minerals Limited (ASX: TTM) (Titan or the Company) is pleased to present the following update on surface exploration at its Linderos Project in Southern Ecuador. The focus of these programs has been the two main prospects currently known to exist at Linderos being the Mesta Gold P...Read full newsRead More
With the recent rise in inflationary pressures, and the consumer price index numbers being reported for October tomorrow Federal Reserve members have differences in regards to interest rate hikes next year.In the dovish camp is Federal Reserve Chairman Jerome Powell, and Federal Reserve Vice Chairman Richard Clarida who both spoke on Monday repeating that lift-off or the onset of interest rate nor...Read More
Gold and silver are both headed much higher, if prices continue to follow a 7-year arc pattern, said Patrick Karim of Northstar & Badcharts.Should the arc hold, gold should be trading at 250% higher than its 2017 level, translating to $4,200 an ounce by 2024, Karim told David Lin, anchor for Kitco News. Silver would see even more upside, trading at 350% higher than its 2017 level by 2024, implying...Read More
(Kitco News) With inflation fears and supply chain concerns, the metals price outlook remains very positive looking towards 2025, according to S&P Global Market Intelligence.Key drivers for this decade will be strong demand stemming from the electronic vehicles energy transition."The metals sector is set to continue its rebound from the effects of the COVID-19 pandemic through 2022. Pent-up co...Read More
ReutersNov 9 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said he expects more clarity on the economic outlook by the time the Fed ends its bond-buying program in mid-2022, and is keeping an "open mind" on the timing of any rate hikes to follow."I have not made any decisions about where my stance is on that," Kashkari said at an event at University of Wisconsin-E...Read More
History, over hundreds of years, has shown periods of "mega capital migration," and we are currently in the phase of this migration in which capital is shifting towards digital assets, according to Farzam Kamalabadi, chairman of the Future Trends Group. "[Mega capital migration] has happened for 300 years sine the discovery of the North American continent...and building wealth there. Then, the wea...Read More
(Kitco News) The Monetary Authority of Singapore (MAS) has issued a warning to retail investors embracing crypto assets, stating there is a risk of "significant losses."Singapore's central bank "frowns on cryptocurrencies or tokens as an investment asset for retail investors," MAS managing director Ravi Menon said at the Singapore Fintech Festival.Significant rallies can be followed by violent pul...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold prices are modestly higher and hit anothertwo-month high in midday dealings Tuesday. The yellow metal bulls are touting aU.S. inflation report that did not tamp down worries about rising prices. De...Read More
ReutersWASHINGTON, Nov 9 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday that the bipartisan infrastructure package approved by Congress and President Joe Biden's proposed social and climate spending plan would increase U.S. productivity and the size of its labor force.Yellen said in prepared remarks to a University of Nevada-Las Vegas economic conference that together, the two bi...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The growing demand for solar power is generating a brightfuture for silver as governments worldwide continue to look to develop greenrenewable energy, according to one European precious metals firm.In a...Read More