Rio Tinto-controlled Turquoise Hill Resources said Tuesday it had received an "information" request from the Mongolian Anti-Corruption Authority (ACA) to provide financial data associated to its giant Oyu Tolgoi copper and gold mine in Mongolia.The petition relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreeme...Read More
The world's fifth biggest gem-quality diamond ever found was sold for $40 million on Monday, the company that found the massive rock said.Africa-focused Gem Diamonds (LON:GEMD) dug up the D colour, Type IIa rough diamond, which is about the size of two golf balls, at its flagship Let??eng mine in Lesotho in January.The rock, named "The Lesotho Legend," was acquired by an unnamed buyer in Ant...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) spiked Tuesday after it posted a 59% increase in profits to almost $2.6 billion last year, thanks to strong copper prices and cost-cutting measures that helped offset a slight decline in production.Net profit for the year ended Dec. 31 climbed to $750.6 million from $158 million a year earlier, a more than four-fold increase, which allowed the co...Read More
Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) is down more than 5% in the past month, and it might be a great time to buy the high-flying stock. Despite the struggles we've seen on the TSX recently, Teck Resources's stock is up more than 27% in the past 12 months. It continues to be a high performer, as steel-making coal prices remain strong.While there is a risk when it comes to investing in stoc...Read More
Stocks continue to defy gravity, gaining more ground in recent days, as they recover from last month's mini correction. While underlying economic fundamentals appear positive, there are growing fears of a looming correction. They centre on a range of economic and geopolitical fissures, which, in conjunction with increasingly frothy stock prices, have left pundits concerned that the slightest dilem...Read More
The U.S. administration has made it extremely clear by now that it is committed to pursuing a "weak dollar" policy as far as the foreign exchange markets are concerned.The weak dollar policy being pursued by the U.S. and Treasury secretary Steve Mnuchin will see the U.S. depreciate the value of its currency against global peers, including China, the European Union, and Canada.The basic idea behind...Read More
Chinese conglomerate CITIC (HK:267) has warned it will have to write down its troubled Sino Iron project in Western Australia by up to US$1 billion.Kristie BattenThe Sino Iron magnetite mine in WA is under threat of suspension 13 MARCH 201813/03/2018commentsshare The Hong Kong-listed company said the estimated impairment of US$800 million to US$1 billion was the result of a review of carrying valu...Read More
Lithium Chile (TSXV: LITH) CEO Steve Cochrane will be looking to get some positive momentum back in the company's share price with the imminent start of drilling at its Chile salar lithium ground, followed soon by the planned spin-out of copper-gold focused subsidiary Kairos Metals. Cochrane told Mining Journal joint venture prospects had also emerged, a positive given the minnow's big Chile landh...Read More
Anglo American (LN:AAL) will take on the role of teacher and career counselor in mining towns around the world.Staff reporter"Remember kids, if you write about Anglo's mining improvement plans, you must use the trademark symbol" 13 MARCH 201813/03/2018commentsshareAnglo has picked five new social and environment 2030 "stretch goals", which presumably won't result in bonuses being blo...Read More
Resurgent mining equipment hire company Emeco Holdings (ASX: EHL) has been forced to deny takeover speculation.Staff reporter13 MARCH 201813/03/2018commentsshare On its front page today, the Australian Financial Review reported that the company met with its major shareholder and lender, Connecticut-based Black Diamond Capital Management, recently with Macquarie bankers to discuss options.Read More
Johannesburg-listed Master Drilling (SJ:MDI) has become the majority owner of Sweden-based raiseboring specialist Bergteamet. Staff reporterMaster Drilling is hoping to boost its European raiseboring work with the acquisition of another 20% of BergteametMaster Drilling13 MARCH 201813/03/2018commentsshare Read More
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,647.14, up 42.35 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 1.08 per cent, to $3.75 on 7.9 million shares.Neovasc Inc. (TSX:NVC). Medical devices. Down 3.5 cents, or 15.56 per cent, to 19 cents on 7.8 million shares.Aurora Cannabis Inc. (TSX:ACB). Hea...Read More
VANCOUVER - Turquoise Hill Resources Ltd. says Oyu Tolgoi LLC has received an information request from Mongolia's anti-corruption authority.The company says the regulator is seeking financial information relating to Oyu Tolgoi.The request relates to an investigation about possible abuse of power by officials during negotiation of the 2009 Oyu Tolgoi investment agreement, Turquoise Hill says.The c...Read More
Did you know it's possible to earn free Bitcoin?It's true. Thousands of companies, brands, and organizations from all over the world are now offering rewards in the form of Bitcoin and other cryptocurrencies.But before you start to get too excited about free money, let me be clear about two things:1. Nothing is completely free.Let me say that again: Nothing is completely free... NOTHING! Everythi...Read More
Every so often, I remember a critical idea every investor must know."If you can't understand the catalyst that will move an investment in your favor, you are the catalyst of someone else's profit. Even if you understand the catalyst, you will be wrong and must have a plan."Wall Street is pretty good about cleaning up the ill prepared."That's from Howard Lindzon, co-founder of StockTwits, and it de...Read More
If a train leaves New York going west at 60 mph, and a train leaves Chicago going east at 70 mph, how many microaggressions will the conductors commit before the trains collide?Think this question can’t be answered by physics? Think again! According to Pomona College, racial bias and microaggressions are a necessary subject for physics coursework.“Foundations of Modern Physics”...Read More
Via Sovereignman.comBy the late summer of 30 BC, ancient Rome had been embroiled in an almost endless, decades-long period of instability and civil war.Twenty years prior, back in 50 BC, Julius Caesar and Pompey the Great had waged a long, bloody conflict against each other for control of Rome, one that ultimately ended with Caesar's victory... and his subsequent assassination.With Caesar dead, Ro...Read More
If a train leaves New York going west at 60 mph, and a train leaves Chicago going east at 70 mph, how many microaggressions will the conductors commit before the trains collide?Think this question can’t be answered by physics? Think again! According to Pomona College, racial bias and microaggressions are a necessary subject for physics coursework.“Foundations of Modern Physics”...Read More
Via Sovereignman.comBy the late summer of 30 BC, ancient Rome had been embroiled in an almost endless, decades-long period of instability and civil war.Twenty years prior, back in 50 BC, Julius Caesar and Pompey the Great had waged a long, bloody conflict against each other for control of Rome, one that ultimately ended with Caesar's victory... and his subsequent assassination.With Caesar dead, Ro...Read More