Recent News

Canada's Nutrien sees swine fever hurting demand for grain, oilseed

May 16, 2019 / www.mining.com

African swine fever is likely to hurt demand for grains and oilseeds in the next couple of years, the chief executive of fertilizer dealer Nutrien Ltd said on Thursday, the latest threat to a sector already reeling from the U.S.-China trade war.CEO Chuck Magro, speaking at the BMO Farm to Market conference in New York, said agriculture markets will eventually correct themselves from the impact of...Read More

Chinese outages a reminder of aluminium's dirty secret

May 16, 2019 / www.mining.com

Chinese alumina prices have jumped to a five-month high on news that at least two refineries in the province of Shanxi are being shut down pending environmental inspections.So far the market impact seems localised.Shanghai aluminium prices have risen on concerns about the potential knock-on effect on metal production in China. Alumina is the intermediate product derived from bauxite used to smelt...Read More

Gold pares gains but further upside could follow

May 16, 2019 / www.fxstreet.com

Markets Trade War Gold Oil Equity markets are marginally in the red again on Thursday, with US futures in a similar position, as investors continue to weigh up the ongoing trade war threat for the global economy and markets. It’s been quite the couple of weeks on the trade war front. We’ve gone from a deal being close to done, to talks collapsing and tariffs imposed and now T...Read More

How a gold mine drama set this man on a path to lead Australia

May 16, 2019 / www.mining.com

For two weeks in 2006, Australia's news cycle was dominated by the gripping and ultimately successful bid to rescue two men trapped in a collapsed gold mine. The real-life drama also unearthed an unlikely star - Bill Shorten, a union leader who's now poised to become the nation's prime minister."It was an incredible story and he made sure he was heavily involved in it," says Barry Easther, who at...Read More

Dow Futures Rise as Cisco, Walmart Earnings Offset New Huawei Tensions

May 16, 2019 / www.schaeffersresearch.com

Chinese tech stocks are under fire in the Trump administration's latest executive order Dow Jones Industrial Average (DJI) futures are pointed toward a positive open, as the latest quarterly earnings reports from Dow stocks Walmart (WMT) and Cisco (CSCO) exceeded analysts' expectations. Both WMT and CSCO are poised to open about 3% higher, offsetting a fresh round of U.S.-China trade tensions afte...Read More

Gold miner sues Zimbabwe central bank for not paying in dollars

May 16, 2019 / www.mining.com

Zimbabwe's biggest gold producer sued the country's central bank for $132 million because it has been paying for the metal in a local quasi-currency rather than U.S. dollars, highlighting the business sector's dissatisfaction with the nation's financial regime.Metallon Corp., which acquired Lonmin Plc's gold mines in Zimbabwe in 2002, wants an additional $5.8 million because the central bank preve...Read More

Gold miner sues Zimbabwe central bank for not paying in dollars

May 16, 2019 / www.mining.com

Zimbabwe's biggest gold producer sued the country's central bank for $132 million because it has been paying for the metal in a local quasi-currency rather than U.S. dollars, highlighting the business sector's dissatisfaction with the nation's financial regime.Metallon Corp., which acquired Lonmin Plc's gold mines in Zimbabwe in 2002, wants an additional $5.8 million because the central bank preve...Read More

Spence Diamonds Is A Traditional Jeweler That Discovered A 'Gold Mine' In Lab-Grown Diamonds

May 16, 2019 / dlvr.it

With a new CEO, Veeral Rathod, who cofounded menswear fashion brand J. Hilburn, Spence Diamonds is expanding from its Canadian roots into the U.S. market offering lab-grown diamonds side-by-side with mined diamonds. For 80% of its customers, lab-growns are their choice.Read full newsRead More

Murrey Math Lines: USD/CHF, Gold

May 16, 2019 / www.fxstreet.com

USDCHF, "US Dollar vs Swiss Franc" In the H4 chart, USDCHF is expected to break the 5/8 level and then continue falling towards the support at the 3/8 one. Risk Warning: the result of previous trading operations do not guarantee the same results in the future As we can see in the H1 chart, the pair is trading below the 3/8 level. In this case, the price is expected to continue moving do...Read More

CORRECTED-FOREX-Euro firms on auto tariff delay hopes but election worries cap gains

May 16, 2019 / www.kitco.com

(Corrects EU election date in first par to next week (not thisweekend) * Aussie at fresh 5-month low ahead of weekend vote * Euro up as U.S. pushes auto tariffs back six months * Upcoming EU elections hangs over market* Tensions high as U.S. turns screw on China's Huawei * Aussie dollar hurt as market prices in rate cut * Swedish crown hit as risk sentiment dips * Graphic: World FX rates in 2019 B...Read More

Vale Canada and Terrapure recognized for reclamation efforts

May 16, 2019 / www.mining.com

Following the development of a reclamation program that involves the application of treated biosolids to the Central Tailings Area at the Copper Cliff nickel mine in Ontario, Vale Canada and its partner in the project, Terrapure Environmental, received an Environmental Leader Award for Project of the Year.Instead of incinerating or landfilling nutrient-rich organics, Terrapure worked with Vale to...Read More

Transition Metals to acquire Cryderman gold project in Ontario

May 16, 2019 / www.mining.com

Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More

Transition Metals to acquire Cryderman gold project in Ontario

May 16, 2019 / www.mining.com

Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More

Transition Metals to acquire Cryderman gold project in Ontario

May 16, 2019 / www.mining.com

Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More

METALS-China supply concerns help aluminium to two-week high

May 16, 2019 / www.kitco.com

* Aluminium resistance seen at $1,870* Aluminium cancelled warrants and large holding in focus * GRAPHIC-2019 asset returns: (Adds official prices, updates lead)By Pratima DesaiLONDON, May 16 (Reuters) - Aluminium prices climbed totwo-week highs on Thursday after news of production shutdowns atone of the country's biggest smelters fuelled worries aboutsupplies from top producer China.Benchmark alu...Read More

Graphite One Announces Closing Second Tranche of Financing and Awarding of Options

May 16, 2019 / kincommunications.com

Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announced today it has has completed the second tranche of a non-brokered private placement offering, raising gross proceeds from both tranches of the financing to CA$2 million, and also the awarding of options.CLOSES SECOND TRANCHE OF PRIVATE PLACEMENTThe Company has completed the second and fina...Read More

Great Panther Provides Update on Tucano Gold Mine

May 16, 2019 / dlvr.it

VANCOUVER, May 14, 2019 (Canada NewsWire via COMTEX) -- TSX: GPR | NYSE American: GPL GREAT PANTHER MINING LIMITED (GPR)GPL (Read full newsRead More

Spence Diamonds Is A Traditional Jeweler That Discovered A 'Gold Mine' In Lab-Grown Diamonds

May 16, 2019 / dlvr.it

With a new CEO, Veeral Rathod, who cofounded menswear fashion brand J. Hilburn, Spence Diamonds is expanding from its Canadian roots into the U.S. market offering lab-grown diamonds side-by-side with mined diamonds. For 80% of its customers, lab-growns are their choice.Read full newsRead More

This Indicator Suggests It May Pay To Favor Gold Over Equities Going Forward

May 16, 2019 / seekingalpha.com

One chart I've been watching for the past few years is the ratio of Gold to the S&P 500.Over the last half-century, there have been good times to own gold and good times to own stocks and the two have rarely coincided.The trend in the ratio of the two (at the bottom of the chart below) has been a decent guide to understanding when to own each.This is based on an excerpt from a recent chart...Read More

De Beers, Namibia to spend $468m on world's first custom-built diamond searching ship

May 16, 2019 / www.mining.com

Debmarine, a 50/50 joint venture between world's No. 1 diamond producer by value, De Beers, and the government of Namibia, will build a $468 million-diamond recovery ship, the world's first custom-made vessel of such a kind and the seventh in the company's fleet.The vessel, slated to start operations in 2022, would add about 500,000 carats per year of production capacity to Debmarine Namibia's out...Read More

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