For a few hours on Sunday, some 40 people from the farming community of Tacrara, located in the Cusco department in southern Peru, blockaded a road used by Canadian miner Hudbay Minerals (TSX, NYSE: HBM) to transport copper from its Constancia project to the Port of Matarani.Local media report that about 60 trucks carrying mineral were being prevented from leaving Cusco's Espinar province. The pro...Read More
China's steel industry isn't prepared for a looming shortage of iron ore, the metal used to make the building material that last week rose to its highest price in almost five years, according to a prominent industry adviser in China.Prices will "absolutely" continue to increase as mine closures in Brazil spur a market deficit in the second half of the year, Wu Wenzhang, founder and president of Sh...Read More
Gold producer Metallon Corp. halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported the owner is considering selling the operations.The suspension is the latest sign of stress in the southern African nation's gold industry, which has been hampered by a shortage of foreign exchange. Zimbabwean laws force producers to sell their metal to...Read More
Gold producer Metallon Corp. halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported the owner is considering selling the operations.The suspension is the latest sign of stress in the southern African nation's gold industry, which has been hampered by a shortage of foreign exchange. Zimbabwean laws force producers to sell their metal to...Read More
Gold has faded from interest in the past couple months, overshadowed by the monster stock-market rally. But gold has been consolidating high, quietly basing before its next challenge to major $1350 bull-market resistance. A decisive breakout above will really catch investors' attention, greatly improving sentiment and driving major capital inflows. With gold-futures speculators not very long yet,...Read More
Researchers at Sweden's Chalmers University of Technology have developed the first hydrogen sensors ever to meet the future performance targets for use in hydrogen-powered vehicles. The device is capable of detecting 0.1 percent hydrogen in the air in less than a second.In a study published in the scientific journal Nature Materials, physicists Ferry Nugroho, Christoph Langhammer and other colleag...Read More
Researchers at Sweden's Chalmers University of Technology have developed the first hydrogen sensors ever to meet the future performance targets for use in hydrogen-powered vehicles. The device is capable of detecting 0.1 percent hydrogen in the air in less than a second.In a study published in the scientific journal Nature Materials, physicists Ferry Nugroho, Christoph Langhammer and other colleag...Read More
Researchers at Sweden's Chalmers University of Technology have developed the first hydrogen sensors ever to meet the future performance targets for use in hydrogen-powered vehicles. The device is capable of detecting 0.1 percent hydrogen in the air in less than a second.In a study published in the scientific journal Nature Materials, physicists Ferry Nugroho, Christoph Langhammer and other colleag...Read More
Following a blockade that lasted for over two months, Peru's national highway CU-135, known as Corredor Minero del Sur, was reopened this weekend and trucks carrying copper concentrate from Las Bambas mine started running through it again.A 12-kilometre section of the runway in the southern Cusco department had been blocked for 68 days by protesters from the Nueva Fuerabamba community, whose farml...Read More
Following a blockade that lasted for over two months, Peru's national highway CU-135, known as Corredor Minero del Sur, was reopened this weekend and trucks carrying copper concentrate from Las Bambas mine started running through it again.A 12-kilometre section of the runway in the southern Cusco department had been blocked for 68 days by protesters from the Nueva Fuerabamba community, whose farml...Read More
Following a blockade that lasted for over two months, Peru's national highway CU-135, known as Corredor Minero del Sur, was reopened this weekend and trucks carrying copper concentrate from Las Bambas mine started running through it again.A 12-kilometre section of the runway in the southern Cusco department had been blocked for 68 days by protesters from the Nueva Fuerabamba community, whose farml...Read More
Newmont Mining shareholders on Thursday approved the company's $10 billion ...Read full newsRead More
April 12 (Reuters) - Real Gold Mining Ltd: * SEAN ZHANG WILL RESIGN AS AN EXECUTIVE DIRECTOR * WANG CHUNQI WILL RESIGN AS AN EXECUTIVE DIRECTOR * SHAO JIULIN WILL RESIGN AS AN EXECUTIVE DIRECTOR Source ...Read full newsRead More
Farmland and gold are two of the world's oldest and most valuable asset classes, and they share many similar benefits that investors still find attractive today.Read full newsRead More
When a recession starts looming over Canadians, investors become terrified. When should they get out of the markets? Should they? How long could it last? Are there other areas where I should be investing to protect me from a recession?While I don’t have all the answers, I can give you one area where the recession should keep its paws off: gold.While retail, banks, and many other areas of the...Read More
Vulnerable to the vagaries of bottle necking and subject to geopolitical machinations, oil stocks can sink or swim depending on oil prices themselves, with per-barrel valuation dictated by supply flow and market demand. Not only that, but the entire industry is earmarked for eventual shutdown by the more sustainable and less environmentally impactful renewables industry.In the meantime, a partial...Read More
Not all gold stocks are created equal. In fact, nearly every gold mining company seems to have a different strategy.Some focus on low-cost production while others search for the next big exploration discovery. Many have operations in far-flung international locales, while some focus entirely on low-risk regions like Alaska.Here are a few picks that cover some of the market’s most promising o...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up Frank Holmes of U.S. Global Investors joins me to update us on some of the best value propositions he sees in the markets. He also reveals why he’s very bullish on the metals right now and why he expects the next leg higher to happen in the blink of an eye. Don’t miss another wonderful conversation with...Read More
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RAPAPORT... Diamond resources at Mountain Province's explorationproject in Canada's Northwest Territories are 74% higher than the company originallyestimated, according to a revised evaluation. The Faraday 2 deposit, one of three pipes in the miner'sKennady North project, has 5.5 million carats of diamonds, a recent study byexternal consulting companies Aurora Geosciences and SRK Consulting f...Read More