Geopolitical risk, geopolitical turmoil, the threat or the idea of such is always good for gold.
Base Metals Mining News
Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas.
Who were the top earners in 2013?
Ivernia announced that the company and its wholly owned, Rosslyn Hill Mining subsidiary have entered into management services agreements with Enirgi Group and its wholly owned affiliate Enirgi Metal Group.
A team of scientists have provided new insight into how ancient metal-ore deposits can be used to better understand the chemistry of the ancient oceans and, as a consequence, the early evolution of life.
Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from China.
Halifax-based Metals Economics Group (MEG) published Thursday its Pipeline Activity Index (PAI), which shows equity financing conditions continue to take their toll, as gold companies were able to raise only $445 million through equity placements in May-June—the lowest two-month total since late 2008.
JSE- and Aim-listed Jubilee Platinum said on Friday it had abandoned plans to acquire a chrome company, as the security of the target’s mineral rights could not be guaranteed.
The downside on the precious metals should continue and we expect gold to go somewhere close to $1,472 levels.
The London Metal Exchange has approved Ravenna as the latest point of good delivery for non domestic LME Steel Billet, with effect from September 16th 2011. The addition of the Italian port will enhance the contract’s warehousing network in Europe, encouraging the steel industry to further utilise the contract. LME Steel Billet is now listed in 12 locations in seven countries.
Reuters reports that zinc prices ended May slightly firmer, recovering from an early rout but the prospect of a sizeable supply surplus this year and next will continue to weigh on the market, especially if other metals weaken. Ms Claire Hassall of consultancy CHR Metals said that market watchers were concerned about weakness in the Chinese economy. The general feeling is that demand is not particularly strong in China at the moment using latest car sales figures as an illustration of the source of these worries.
Castillian Resources Corp. listed on the TSX Venture market announced on Monday that Kibaran Nickel Limited an ASX listed company has started a 3,000 metre drill program at its Kagera Nickel Project located in Tanzania. In October 2010, Castillian and Kibaran entered into an agreement whereby Kibaran acquired a 100% interest in the Kagera Nickel Project from Castillian. Castillian has gold and base metal properties in Canada and South America — its flagship property is the Hope Brook Gold Project located in southwestern Newfoundland.
Miners, especially of base metals, will drive Canadian merger and acquisition activity for the rest of 2011, although oil and gas and financial services will also be significant, bankers said on Tuesday.
Canadian base metals miner HudBay Minerals Inc raised its stake in Augusta Resource Corp to 14.3 percent by buying 5.4 million more shares in the company for C$21.3 million. HudBay now holds 20.2 million shares of Augusta Resource, up from about 14.8 million earlier, the company said on Monday.
Eurasian Minerals Inc. has completed the final tranche of its CAD$17.875 million private placement by the sale of 3,039,000 units for proceeds of CAD $9,876,750. Each unit, priced at CAD$3.25, consisted of one common share […]
Lundin Mining has rejected the hostile takeover bid mounted last month by Australia-based Equinox Minerals. Canadian Press reported Sunday that Lundin told its shareholders to reject a debt-financed takeover bid from Equinox, saying the unsolicited offer was "financially inadequate" and fraught with risks: Vancouver-based Lundin (TSX:LUN) said the Equinox (TSX: EQN) bid undervalued the company and would place considerable influence over business decisions in the hands of lenders.
Base metals and gold financings were on the rise in 2010, according to the latest report from Metals Economics Group (MEG). The report, which reviewed junior financings between 2008 and 2010, says financings jumped sharply from almost $2 billion in November 2010 to about $5.5 billion in December — a record high.
With Libyans having joined the movement to overturn aging autocracies the Arab street action has moved into a geopolitically more difficult territory. Concern over Libya’s oil exports are showing up as higher crude pricing. Libya’s 1.6 M barrels/day of crude output may well undergo disruptions, but the Saudis could replace that if prices move high enough to cause concern. As troubling is the unpredictability of Muammar Gaddafi and those around him. They seem more likely to go down fighting than the western leaning autocrats have been, and that is more likely to cause splintering of the country and concern similar shifts elsewhere in the region. Markets are reflecting this heightened uncertainty with continued gains for precious metals and US$ as well as oil. We expect the US$ and oil to peak before gold and its cousins do.
Nickel is your quintessential commodity – out of favor last year, in favor this year, meaning market deficits aplenty, with companies scrambling to fill the void left by dormant production during the down years.
The Federal Open Market Committee (FOMC) announced on November 3, 2010 that it would purchase longer-term Treasury securities at a pace of $75 billion dollars per month through the Federal Reserve’s Permanent Open Market Operations (POMO) facility by the end of the second quarter 2011 and potentially beyond.
I’ve been talking to subscribers this past week about the powerful move we’ve seen in US indices as of late and the recent pattern formed in the S&P which is a rarity. It’s the swiss steps pattern as shown below.
I n early January 2009, Chilean President Michelle Bachelet announced a $4 billion plan to help Chile fight the global economic crisis and create as many as 100,000 jobs. The so-called "Anti-Crisis Plan" is based […]
JKTech Pty – the technology transfer company for the Julius Kruttschnitt Mineral Research Centre (JKMRC) in Australia – has partnered with the ALS Laboratory Group – an international leader in analytical testing services – to […]
Hatch has been retained by BHP Billiton Base Metals to execute a prefeasibility study at the Escondida facilities in northern Chile….more at MEI Online
International Mining reports that in an important advance in clean processing, Applied Intellectual Capital (AIC) has successfully launched a commercial-grade electrolyser manufacturing program in support of its affiliate, EverClear Solutions. Specifically developed to meet the […]