May 19, 2011

Levon announces closing of $40,170,000 offering

Levon Resources announced that it has today closed a previously announced financing pursuant to which the Company has issued 20,600,000 common shares at a price of $1.95 per share for…

May 19, 2011

Scorpio Mining reports record silver production in Q1 2011 and increases mine operating earnings by 123% from Q4 2010

Scorpio Mining achieved record mine operating earnings of $12.5 million in Q1 2011, an increase of 823% over mine operating earnings in Q1 2010 and 123% over mine operating earnings…

May 19, 2011

Glencore IPO expected to boost appeal of Hong Kong as a mining destination

Commodities trader Glencore's bumper public offering has increased interest in Hong Kong listings from across the mining sector and will prove a welcome boost to the bourse, a senior executive…

May 17, 2011

HudBay Minerals increases first quarter profit by 59%

HudBay Minerals Inc. has released its first quarter 2011 financial results. Net profit attributable to shareholders increased to $16.8 million or $0.11 per share in the first quarter of 2011,…

May 16, 2011

What’s driving the divergence of commodity prices

As the chart below demonstrates commodity prices are driven by different factors. The precious metals prices have been the hyperbolic driver of headline commodities news relative to the broader based…

May 16, 2011

John Kaiser: alternative energy fuels mining boom

Advances in energy and agriculture are creating demand for previously ignored metals such as scandium, tellurium and indium. In this exclusive interview with The Energy Report, Mining Analyst John Kaiser,…

May 16, 2011

Without QE3, commodities may suffer

While China continues to make asset driven economic decisions and now looks like a traction control experiment where the economy is like a car that is driving on ice that…

May 16, 2011

Chart of the day: commodity flows

QE, of course, only happens when interest rates hit the zero bound, so it’s impossible to disentangle the effects of QE from the effects of G3 interest rates all coming…

May 16, 2011

Metals Economics Group Strategic Report: Base metals and gold 2010 acquisitions spending totals $50.7 billion

The 2010 dollar volume of large ($25 million minimum) acquisitions totaled $50.7 billion—the third-highest annual total in 10 years—a whopping increase of 260% over 2009’s $14 billion, and 23% over…

May 12, 2011

Coal and copper led BC miners to profitable 2010

Buoyant prices for coal and copper yielded a profitable year for miners in British Columbia, according to PwC’s annual report on the BC mining industry. PwC partners Michael Cinnamond and…