Suncor Energy (TSX:SU), Canada's second-largest oil and gas producer, is buying Mocal Energy's 5% stake in the Syncrude joint venture for $730 million (roughly Cdn$920 million), and said it's also acquiring an interest in an offshore project in the Norwegian Sea.As a result of the first deal, expected to close in the first quarter, Suncor's share in Syncrude rises to 58.74% from 53.74%. The other...Read More
(Adds detail)LONDON, Feb 12 (Reuters) - Acacia Mining has scrapped its 2017 dividend after full-year core earnings fell by more than a third because of a ban on unprocessed mineral exports in Tanzania, it said on Monday.The company, which is majority owned by Barrick Gold , said full-year earnings before interest, tax, depreciation and amortisation (EBITDA) fell 38 percent to $257 million after t...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index gapped down along with other world markets and fell 31 points or 2.5% for a 5.8% loss in two weeks. Support now moves down to 1200 and 1220. Resistance moves to 1250 and 1256.Our long-term momentum indicator MACD fell 2.6 points or 45% to -8.36....Read More
At least 18 people were killed at an illegal gold mine in southern Venezuela during clashes with security forces looking to take control of the area, an official said Sunday.Read full newsRead More
At least 18 people have been killed in a confrontation between security forces and illegal miners in eastern Venezuela. The mineral-rich region sees frequent clashes between rival gangs seeking to control gold deposits.Read full newsRead More
A Duke University-led study has found dangerously high levels of mercury and its more toxic chemical cousin, methylmercury, in soils, sediments and rivers near artisanal gold mines in the West African nation of Senegal.Read full newsRead More
With massive amounts of electricity needed to run the computers that create bitcoins, large virtual currency companies have established a base in the North Atlantic island nation blessed with an abundance of renewable energy.Read full newsRead More
At least 18 people were killed at an illegal gold mine in southern Venezuela during clashes with security forces looking to take control of the area, an official said Sunday.Read full newsRead More
DENVER, Feb. 08 /CSRwire/ - Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) has been recognized for top performance in the mining sector in The Sustainability Yearbook 2018. The Yearbook is published by RobecoSAM, a sustainability investment firm that manages one of...Read full newsRead More
Broadway Gold Mining Ltd. announced that Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More
Barrick Gold Corp. executives will have some explaining to do when the company releases full-year results Wednesday.Even with rising gold prices and a strengthened balance sheet, the world's largest gold producer left shareholders with the worst returns among its top North American peers last year and the third-worst performance in the 15-company BI Global Senior Gold Valuation Peers index.That's...Read More
Broadway Gold Mining Ltd. announced that Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More
Bob Moriarty ArchivesFeb 12, 2018We have just gone through an interesting two weeks in the markets. I tried to predict it in a piece I wrote back in January. I talked about how twelve commodities I track via the DSI were showing extremes of emotion. That's when markets tend to turn. Of the dozen commodities I said would turn, every single one did. I know of no other indicator that has ever showed...Read More
What’s supposed to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and carnage in global equities this week.Bitcoin clawed its way back from the four-month low of $5,922 it touched on Tuesday, rebounding 53 percent to $9,069. The S&P 500 Index and the Dow Jones Industrial Average both fell more than 5 percent this week, w...Read More
Steel billet prices in the global markets went down slightly or remained stable, except in Southeast Asia, during the working week from Monday February 2 to Friday February 9.In Southeast Asia, prices strengthened amid tight supply, while export prices out of Turkey, India and the CIS region remained largely stable over the past week.Meanwhile, billet prices in the import markets of Latin America,...Read More
Steel billet prices in the global markets went down slightly or remained stable, except in Southeast Asia, during the working week from Monday February 2 to Friday February 9.In Southeast Asia, prices strengthened amid tight supply, while export prices out of Turkey, India and the CIS region remained largely stable over the past week.Meanwhile, billet prices in the import markets of Latin America,...Read More
It was a rough week for investors in stocks and stocks of all kinds. The S&P 500 lost 5%. Emerging Markets also lost 5%. Gold Stocks, which had weakened before the broader equity market have been hit hard. They (GDX, GDXJ) also lost 5% last week. The HUI Gold Bugs Index (which excludes royalty companies unlike GDX) lost 7%. After a strong start to the year, gold stocks have essentially given b...Read More
It was a rough week for investors in stocks and stocks of all kinds. The S&P 500 lost 5%. Emerging Markets also lost 5%. Gold Stocks, which had weakened before the broader equity market have been hit hard. They (GDX, GDXJ) also lost 5% last week. The HUI Gold Bugs Index (which excludes royalty companies unlike GDX) lost 7%. After a strong start to the year, gold stocks have essentially given b...Read More
The USA has extended production tax credits for advanced nuclear power plants under a budget bill signed into law by President Donald Trump. The nuclear production tax credit is seen as an essential component for the completion of US plants already under construction and for first-of-a-kind small modular reactor (SMR) construction.Workers at Vogtle are briefed before the installation of unit 3's p...Read More
A feasibility study on constructing China's first nuclear plant for district heating is being carried out by China General Nuclear (CGN) and Tsinghua University. The plant would use the domestically-developed NHR200-II low-temperature heating reactor technology.An artist's impression of a plant based on the NHR200-II reactor (Image: CGN)China's National Energy Administration (NEA) recently organis...Read More