Gold has enjoyed its best first half of the year performance since 1908 and silver's 48% surge is a big swing even for such a volatile metal, but the 2016 rally in industrial metals has been just as remarkable.Base metals are showing across the board gains year-to-date. Bellwether copper has been unable to break $5,000 decisively but is still ahead year-to-date while the likes of zinc (+41% at $2,...Read More
According to the World Bank, together the BRIC nations (Brazil, Russia, India and China) consume 40% of global energy and food commodities and over half of the world's metals. China alone accounted for virtually all the increase in metals (aluminum, copper, lead, nickel, tin and zinc) consumption of the BRICs since 1994.India's consumption of metals almost doubled over the past 20 years. But it's...Read More
Mining and commodities giant Glencore (LON:GLEN) is not selling its Lomas Bayas copper mine, after offers for the property in Chile's Atacama desert came in below expectations according to media reports.Reuters reports the mine was expected to fetch about $500 million, but "according to people familiar with the situation" Glencore is ditching disposal plans for the moment partly because even aft...Read More
An increased number of mergers and acquisitions in the mining industry was the main reason why more than 10% of the companies listed on the Toronto Stock Exchange and Toronto Venture Exchange vanished between 2014 and 2015, a new report shows.According to Ernst & Young's latest study, 49 mining and metals companies delisted from the TSX and TSX-V in 2014 and a further 172 companies delisted in 20...Read More
Shares in Ivanhoe Mines (TSX: IVN) were up more than 3.6% Thursday morning after the Canadian miner released fresh drilling results from the Kakula section at its giant Kamoa copper project in Congo, which the company says could prove the discovery to be Africa's most significant deposit of the red metal ever found."Given the remarkable exploration success we have had to date at the Kakula Discove...Read More
Central banks are printing money as though the global economy is in freefall ... Central banks around the world are now spending $200 billion a month on emergency economic stimulus measures, pumping this money into their economies by buying bonds. The current pace of purchases is higher than ever before, even during the depths of the financial crisis in 2009. -QuartzFrom Quartz we learn that centr...Read More
Air Force Seeks New Land-Based and Air-Launched Nukes ... Advancing what could become a near-total rebuild of the U.S. nuclear weapons arsenal, the Air Force ... solicited industry proposals to build a new fleet of land-based nuclear missiles as well as replacements for its air-launched nuclear cruise missile force. The two projects are part of a broader modernization of the nuclear arsenal expe...Read More
Central banks are printing money as though the global economy is in freefall ... Central banks around the world are now spending $200 billion a month on emergency economic stimulus measures, pumping this money into their economies by buying bonds. The current pace of purchases is higher than ever before, even during the depths of the financial crisis in 2009. -QuartzFrom Quartz we learn that centr...Read More
Air Force Seeks New Land-Based and Air-Launched Nukes ... Advancing what could become a near-total rebuild of the U.S. nuclear weapons arsenal, the Air Force ... solicited industry proposals to build a new fleet of land-based nuclear missiles as well as replacements for its air-launched nuclear cruise missile force. The two projects are part of a broader modernization of the nuclear arsenal expe...Read More
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The Jesse Creek porphyry copper property, located north of Merritt, BC (pictured).Junior exploration and development firm, Wealth Minerals (CVE:WML), has signed an option agreement for a 100% interest in porphyry copper deposits located in British Columbia, Canada.Under the option agreement Wealth must pay US$1 million in cash and issue 3 million shares to the property owners over a four-year peri...Read More
Aerial view of the Mount Polley mine tailings pond shows the area where the dam wall gave way early on the morning of August 4, 2014. Image from archives)It has been two years since Mount Polley and nearly a year since Samarco. It has become apparent that Mount Polley had both design and management issues, while the jury is still out on the causes of failure at Samarco. So what has the industry do...Read More
Psalm 40: Here Am I, O God - Performed by Christopher McGilton and composed by Marty HaugenThis setting never made it in the hymnals but it's one of my favorites - thanks for listening :)Read More
UK & EU Shut Out 3D Printing Community ... It's amazing what an eruption Brexit had in the headlines, only to be superseded by worse things in the news shortly after ... What an interesting law they have chosen to pass. -3DPrintThe disease of government is like an ineradicable plague that sickens without ceasing. Now patent and copyright law have been extending in the UK and EU.Why should we...Read More
To commemorate the seventieth anniversary of the first Bikini Atoll nuclear tests, the nonprofit National Security Archive has published declassified footage of the Able and Baker “shots” in the summer of 1946. -Maritime ExecutiveThese new photos and films of the Bikini Atoll atom bomb blast seem artifical.The most obvious, apparent fakery can be seen in the "Baker" atom-bomb test,...Read More
UK & EU Shut Out 3D Printing Community ... It's amazing what an eruption Brexit had in the headlines, only to be superseded by worse things in the news shortly after ... What an interesting law they have chosen to pass. -3DPrintThe disease of government is like an ineradicable plague that sickens without ceasing. Now patent and copyright law have been extending in the UK and EU.Why should we...Read More
To commemorate the seventieth anniversary of the first Bikini Atoll nuclear tests, the nonprofit National Security Archive has published declassified footage of the Able and Baker “shots” in the summer of 1946. -Maritime ExecutiveThese new photos and films of the Bikini Atoll atom bomb blast seem artifical.The most obvious, apparent fakery can be seen in the "Baker" atom-bomb test,...Read More
In New York trade on Tuesday copper for delivery in September suffered another down day despite indications of continued strong Chinese demand.Copper dipped to $2.14 per pound ($4,718 a tonne), a four-week low. While other industrial metals and steelmaking raw materials have jumped in value this year, industry bellwether copper has been underperforming badly. The red metal is now trading...Read More