USA

‘Perfect’ 100-carat diamond sold for ‘only’ $22 million

Cecilia Jamasmie | April 24, 2015
‘Perfect’ 100-carat diamond sold for ‘only’ $22 million

After just three minutes of bidding, the final price was $22,090,000, including the buyer's premium.

China scrapping rare earth export tax will boost demand — Lynas

Cecilia Jamasmie | April 24, 2015
China scrapping rare earth export tax will boost demand — Lynas

Beijing had been widely expected to eliminate tariffs and quotas on rare earth shipments after a World Trade Organization panel branded them discriminatory last year.

Caterpillar results beat expectations but forecasts weak year

Cecilia Jamasmie | April 23, 2015
Caterpillar results beat expectations but expects weak year

The machinery giant doesn’t think it will remain strong for the rest of 2015.

Half of U.S. fracking companies will be dead or sold by the end of this year

Bloomberg | April 23, 2015

Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.

How to make money in renewable energy: NBF's Rupert Merer

The Mining Report | April 22, 2015

Rupert Merer analyzes that growing energy sector for National Bank Financial and tells The Mining Report why betting on the future of renewables is a prudent strategy for profit growth.

Rick Rule: Better deals for oil investors as US, Canada have less available capital

Sprott's Thoughts | April 21, 2015

Rick took at a stance in January that went against many investors’ contrarian instincts. He said to stay away from oil and gas for the time being.

Slow start to year for gold miners

Financial Post | April 20, 2015

The first-quarter earnings season, which kicks off for the senior gold miners later this week, is traditionally the sector’s weakest quarter of the year, and 2015 should be no different.

‘Perfect’ 100-carat diamond goes under Sotheby's hammer

Cecilia Jamasmie | April 20, 2015
‘Perfect’ 100-carat diamond goes under Sotheby's hammer

The flawless, 100-carat diamond could fetch up to $25 million when it goes under Sotheby's hammer in New York on Tuesday

Andrew Topf

Will solar be the bullet that kills coal?

Andrew Topf | April 19, 2015
solar panels 600x400

A new adversary is emerging for coal. It comes from silicon wafers, the material used to make solar panels.

Jordan Roy-Byrne – The Daily Gold

Which way will precious metals break?

Precious Metals continue to be a conundrum.

Q1 earnings risky for stocks

The highly-anticipated first-quarter earnings season is in full swing, with traders eager to see how US companies are faring.

M Partners' Derek Macpherson found three resource companies that have done the impossible—increased in value 30% this year

The Gold Report | April 15, 2015
Mining suppliers create more jobs than mining, report says

In this interview with The Gold Report, Macpherson says companies that can change their narrative on the fly—and deliver—will inevitably perform. Macpherson covers some performers and others that he expects will perform in H2/15 and beyond.

Molycorp to supply rare earths for use in high-efficiency Siemens wind turbine generators

Molycorp, Inc. | April 15, 2015

Molycorp will supply Siemens with rare earth materials over the next 10 years.

Asteroid miner puts first demonstration spaceship in orbit

Cecilia Jamasmie | April 15, 2015
Asteroid miner puts first demonstration spaceship in orbit

The Arkyd 3 Reflight (A3R) will spent three month in orbit trying to identify subsystems to explore and prospect for valuable resources on asteroids.

Oilprice.com

The game-changing water revolution: Interview with Stanley Weiner

Oilprice.com | April 15, 2015
colossus minerals dewatering

Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering.

Zambia dumps mining royalty hike, settles at 9%

Cecilia Jamasmie | April 14, 2015
Zambia dumps mining royalty hike, settles at 9 percent

The government intends to set its mining royalties at 9% for both open-pit and underground mines.

Move over Codelco: Freeport plans to be the world’s No.1 copper miner

Cecilia Jamasmie | April 13, 2015
Move over Codelco: Freeport plans to be the world’s No.1 copper miner

But China’s slowdown, rising costs and falling prices may get in the way.

Minnesota iron ore trust dissolves after 108 years

Frik Els | April 10, 2015
Minnesota iron ore trust dissolves after 108 years

After 700 million tonnes shipped, the Great Northern Iron Ore Properties trust set up by railroad baron James J Hill in 1906 was terminated this week.

Confusion over US unemployment

GoldMoney | April 10, 2015
jobs_lost_unemployment

The reason this matters is unemployment is one of the three key variables macroeconomists use to formulate policy, the other two being GDP and the rate of price inflation.

Annual gold trade reaches $22 TRILLION

Frik Els | April 9, 2015
Annual gold trade reaches $22 TRILLION

New report shows In 2014 volume of gold traded in London, Shanghai, New York and around the globe was 3 times more than all the gold mined in human history.

Newmont says opening new Nevada gold district

Frik Els | April 8, 2015
Newmont says opening new Nevada gold district

Denver-based firm is going ahead with building the first phase of its Long Canyon gold mine expected to produce 100,000oz–150,000oz a year over 8 years.

Canada’s Quebec re-launches less ambitious Plan Nord

Cecilia Jamasmie | April 8, 2015
Canada’s Quebec re-launches less ambitious Plan Nord

The province now expects to attract Cdn$50 billion in investment, down from its 2011 forecast of Cdn$80 billion.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Goldcorp sells stake in Nevada project for $20 million

Michael Allan McCrae | April 6, 2015
goldcorp sells south arturo to Premier Gold

Premier gets the mine plus a $12.5 million injection from Goldcorp.

Mining top executives the gloomiest of all: report

Cecilia Jamasmie | April 3, 2015
Mining top executives the gloomiest of all: report

Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.

Blood in the oil sands: Boom and bust in Alberta

Business in Vancouver | April 1, 2015
Blood in the oil sands: Boom and bust in Alberta

Two oil towns that have defined Alberta’s resource – and real estate – boom now show how fast the bloom can fade.

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