Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend.Rio's participation in the program, known as Climate-Smart Mining and set to launch in May, comes as miners face increasing pressure from investors and non-governmental organizations to make supply chai...Read More
"Mining Journal Select returns on the 24th - 25th June 2019 in London! Exceptional #investment opportunities selected by Mining Journal #MJSLondon #MJS #Investment"Read full newsRead More
Meanwhile, another analyst sees Instagram as a huge growth driver for FacebookMore analysts are weighing in bullishly on Walt Disney Co (NYSE:DIS) because of its push into streaming. Cowen this morning upgraded DIS stock to "outperform" from "market perform" and boosted its price target to $131 from $102, expecting a stronger-than-expected launch for the company's direct-to-consumer Disney+ stream...Read More
PHAS has more than quadrupled in 2019Near the bottom of the Nasdaq this morning is Zogenix, Inc. (NASDAQ:ZGNX), down 24.8% to trade at $38.97, after the Food and Drug Administration (FDA) refused to review the drugmaker's marketing application for its seizure medicine. Guggenheimresponded by downgrading the stock to "neutral" from "buy" while slashing its price target to $40 from $70. Three other...Read More
Brazil's spate of iron ore mine and tailings dam calamities are proving a game-changer for global iron ore pellet feed markets, according to the developer of a proposed new $1.5 billion magnetite iron ore pellet project near Broken Hill.Addressing the first day today of the two-day Paydirt 2019 South Australian Resources and Energy Investment Conference in Adelaide, Carpentaria Resources' Managing...Read More
Markets Brexit USD and Gold Oil Flat session expected as investors eye bigger events later in the week It’s shaping up to be another flat session on Tuesday, with European stocks a mixed bag and US futures showing little directional bias. The week is heavily loaded towards the backend, which is largely the reason why we’re seeing this kind of fence sitting from investors. Tom...Read More
PT Amman Mineral Nusa Tenggara, which owns the second-largest copper and gold mine in Indonesia, is weighing an initial public offering that could raise as much as $600 million, according to people familiar with the matter.The company is working with advisers to list in Jakarta as early as the fourth quarter, said the people, asking not to be named as the information is private. The firm also owns...Read More
PerkinElmer just landed on Goldman Sachs' conviction list The shares of diagnostics specialist PerkinElmer, Inc. (NYSE:PKI) are headed for their third day in the black, after landing on Goldman Sachs' conviction list earlier today. The brokerage firm also upgraded PKI to "buy" from "neutral," and lifted its price target to $115 from $92. Evercore ISI chimed in, too -- hiking its price target to $9...Read More
PT Amman Mineral Nusa Tenggara, which owns the second-largest copper and gold mine in Indonesia, is weighing an initial public offering that could raise as much as $600 million, according to people familiar with the matter.The company is working with advisers to list in Jakarta as early as the fourth quarter, said the people, asking not to be named as the information is private. The firm also owns...Read More
PT Amman Mineral Nusa Tenggara, which owns the second-largest copper and gold mine in Indonesia, is weighing an initial public offering that could raise as much as $600 million, according to people familiar with the matter.The company is working with advisers to list in Jakarta as early as the fourth quarter, said the people, asking not to be named as the information is private. The firm also owns...Read More
With President Donald Trump's apparent plans to nominate Stephen Moore and Herman Cain to the Federal Reserve Board, attention has turned once again to the gold standard, a policy option once advocated by both men. Trump himself has expressed admiration for the gold standard.To be clear: I don't at all favor a gold standard. Still, it is worth thinking about why anyone might ever have favored a go...Read More
India's Adani Enterprises has taken a step closer to the construction of a controversial thermal coal mine in Australia after winning federal government approval for its groundwater management plan.Adani wants to develop the Carmichael coal deposit in Queensland state, but has faced fierce environmental resistance that has turned the project into a political hot potato ahead of a federal election...Read More
The U.S. is threatening to put tariffs on $11 billion of EU productsStocks are poised for a lower open, with traders on edge after the U.S. threatened to take action against the European Union (EU) in response to its subsidies for Airbus. In a tweet this morning, President Donald Trump said the World Trade Organization found the subsidies "adversely impacted the United States, which will now put T...Read More
Shares in Canada's Stornoway Diamond Corp. (TSX:SWY) fell on Tuesday after it announced that it would halt operations at its Renard 65 open pit mine, in the Canadian province of Quebec.The company transitioned Renard, Quebec's first diamond mine, primarily underground operations in August last year, but mining the pit had continued until now.Current ore stockpiles at Renard 65 are sufficient to...Read More
Shares in Canada's Stornoway Diamond Corp. (TSX:SWY) fell on Tuesday after it announced that it would halt operations at its Renard 65 open pit mine, in the Canadian province of Quebec.The company transitioned Renard, Quebec's first diamond mine, primarily underground operations in August last year, but mining the pit had continued until now.Current ore stockpiles at Renard 65 are sufficient to...Read More
Is it time to prepare for the next financial crisis? #1 Gold Stock for 2019! Click HERE to get the full story! Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr...Read More
The gold/commodity ratio and the T-Bond price move in the same direction most of the time.A significant divergence has developed over the past three months, and such divergences are usually important.The recent performance of the g/c ratio is a reason to be intermediate-term bearish on the T-Bond.Editor's note: Originally published at tsi-blog.com on April 9, 2019. [In a blog post last October, I...Read More
Ivanhoe Mines (TSX: IVN) issued a media statement this week saying that a few of the company's top executives met with F?(C)lix Tshisekedi, the recently-elected President of the Democratic Republic of Congo, and updated him on the progress being made in the development of the Kamoa-Kakula copper project and the Kipushi zinc project.Kamoa-Kakula, a joint venture between Ivanhoe, Zijin Mining Group...Read More
Niger's Ministry of Mines issued a letter supporting the negotiations between Canada's GoviEx Uranium (TSXV: GXU) and the country's federal government regarding the Madaouela uranium project.Although final documents on their commercial understandings are yet to be signed, the Vancouver-based miner and country authorities have agreed that the Government of Niger will acquire a 10% working interest...Read More
Niger's Ministry of Mines issued a letter supporting the negotiations between Canada's GoviEx Uranium (TSXV: GXU) and the country's federal government regarding the Madaouela uranium project.Although final documents on their commercial understandings are yet to be signed, the Vancouver-based miner and country authorities have agreed that the Government of Niger will acquire a 10% working interest...Read More