Tanzania will no longer allow Acacia Mining Plc to manage its mines in the country and will only work with the company's parent, Barrick Gold Corp., to resolve the two-year impasse that has stymied operations, a government spokesman said."We will no longer work with Acacia," Hassan Abbasi said Tuesday by phone. "Under no circumstances can Acacia be a party to the agreements, or have any role in th...Read More

Tanzania will no longer allow Acacia Mining Plc to manage its mines in the country and will only work with the company's parent, Barrick Gold Corp., to resolve the two-year impasse that has stymied operations, a government spokesman said."We will no longer work with Acacia," Hassan Abbasi said Tuesday by phone. "Under no circumstances can Acacia be a party to the agreements, or have any role in th...Read More

China is seeking to lower domestic coal prices to aid power producers, and has proposed that miners bring the benchmark grade to below 600 yuan ($87) a ton, according to people with knowledge of the matter.The National Development & Reform Commission made the proposal to coal producers after six major utilities sought the government's help to reduce their raw material costs in order to deliver a c...Read More

Beyond Meat will begin producing its products in Europe next yearIt's been a busy first month on the public market for Beyond Meat Inc (NASDAQ:BYND), and the action's continuing today. BYND stock is trading up 4.3% at $83.10, as investors respond to news that the company is expanding its partnership with Zandbergen World's Finest Meat to create the company's first production facility outside the U...Read More

An owner of Uganda's only tungsten mine is suing the International Tin Association for defamation, saying the certifier wrongly accused it of trading in conflict minerals, court documents seen by Reuters show.The association's International Tin Supply Chain Initiative (ITSCI) programme, used by companies such as Apple, was introduced after the 2008 financial crisis to certify minerals in response...Read More

Mosaic Company's unit said on Tuesday it resumed mining operations at its Catalao mine in Brazil, following suspension of production in April.The unit, Mosaic Fertilizantes, had stopped production at its Tapira and Catalao phosphate mines after failing to obtain a deadline extension for providing stability certification for three of its tailings dams.Mining regulations in Brazil have been affected...Read More

The brokerage firm also slashed its GILD price targetGoldman Sachs downgraded Gilead Sciences, Inc. (NASDAQ:GILD) to "sell" from "neutral," and slashed its price target by $10 to $60 -- a discount to last Friday's close at $66.89. The brokerage firm said it sees short-term deceleration in the drugmaker's top-line growth, and said it will likely take time for GILD's new CEO to rebuild the company's...Read More

The 10-year Treasury yield fell to a 19-month low Fresh off a fifth straight weekly loss, Dow Jones Industrial Average (DJI) futures are trading just above fair value this morning. In Tokyo yesterday, President Donald Trump said the U.S. was "not ready" for a trade deal with China, and implied steeper tariffs on Chinese imports could be on the way. As trade tensions linger without a resolution, t...Read More

Tanzania intends to collect 470.9 billion shillings ($205.5 million) from minerals in 2019-20, compared with a projected income of 310.6 billion shillings in the fiscal year ending June 30.The East African nation plans to boost production and exports, open new mineral trading centers, curb smuggling and ensure closer supervision of the industry, Mining Minister Doto Biteko told lawmakers Monday. B...Read More

Nasdaq Commodities will introduce a new trading system for its members where price quotes will be provided on request, the exchange said in a statement on Tuesday.Called Request for Quote Trading System or RFQ, the system will go live from June 10, subject to successful testing and regulatory approval."The new RFQ Trading System will introduce a new way of conducting trading on a private and exclu...Read More

Brazil mining giant Vale (NYSE: VALE) said Tuesday the risk of a new dam break as a consequence of an unstable embankment at its nearby Gongo Soco open pit, in the southeastern state of Minas Gerais, had decreased.The miner and emergency services had warned that a section of the now defunct mine had an estimated 10% to 15% chance of disintegrating. If that happened, Vale had said, it would ruptu...Read More

What you need to know about this developing S&P triangle pattern"The proportion of investors preparing for equity falls is the highest in the survey's history, BAML said, noting that trade war was seen as the main risk by 37% of participants, followed by a Chinese slowdown which was picked by 16%."-- Reuters, May 15, 2019The Reuters excerpt above, also highlighted in last week's commentary, is one...Read More

Portofino Resources (TSXV:POR) made public this week initial sampling results from its Yergo lithium brine project, located at the Aparejos salar in the province of Catamarca, northwestern Argentina.In a press release, Portofino said that the exploration program consisted of surface and near-surface brine sampling and geological mapping. "Hand augers were utilized to obtain the brine samples from...Read More

The government of New South Wales in southeastern Australia issued a communiqu?(C) stating that the state's Independent Planning Commission found that Hume Coal needs to address certain environmental and social issues before receiving approval for the construction of an underground mine.In detail, the subsidiary of South Korea's Posco is seeking planning approval to build and operate a large under...Read More

* Copper has lost 7% this month * Copper inventories on the decline * Upside resistance seen at $6,000 -technicals (Updates with closing prices)By Pratima DesaiLONDON, May 28 (Reuters) - Copper prices rose on Tuesdayalongside Chinese equities, supported by expectations of furthereconomic stimulus in the world's biggest consumer, thoughsentiment remained fragile because of the U.S.-China tradedispu...Read More

It's nice to see the Sixty North Gold Mining Ltd. (CNSX:SXTY) share price up 20% in a week. But that's small comfort...Read full newsRead More

Already legal in 30 states, the tide is turning for medical marijuana.It seems like everyone is looking for a way to make money from the legal marijuana boom...But many don't want to roll the dice and risk their hard-earned money on a penny stock, or spend hours learning how to buy shares of a grower on some Canadian exchange.But there is good news.Marijuana profit-sharing plans are here, and one...Read More

* FTSE 100 down 0.1%, FTSE 250 up 0.4% * Tobacco cos, drugmakers lead losses on main index * NMC up after hiking FY forecast * Galliford gains after snubbing Bovis' offer for units * Thomas Cook surges after Berenberg ups rating (Adds news items, analyst comment, updates share prices)By Shashwat AwasthiMay 28 (Reuters) - A drop in blue-chip tobacco stocks aftera report showing declining cigarette...Read More

A financial re-set could lead to the biggest political event in decades.The American financial system may be headed towards a crisis, unlike anything the U.S. has seen in the last 50 yearsOne financial guru is predicting a political event that could "reset" the financial system in ways that many Americans will never predict -- and it could lead to "a national nightmare."With growing inequality cau...Read More

Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More