The price of copper regained its footing and iron ore prices continued the climb on Thursday after customs data showed imports of raw materials by China stayed robust in January after a strong 2017.In brisk trading New York Comex copper for delivery in March were flat compared to Wednesday settlement price trading at $3.0855 a pound ($6,802 per tonne). Copper is still down sharply for the week aft...Read More
Shares in Vedanta, the London-listed natural resources company controlled by one of India's richest men, fell as much as 5.5% on Thursday on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in Goa.According to the ruling, the process of renewing the cancelled permits in 2015 was against the law. As a consequence, the country's top court said that no...Read More
Canadian billionaire Robert Friedland, founder and executive chairman of Ivanhoe Mines (TSX:IVN), has joined the debate over the Democratic Republic of Congo's imminent hike to mining taxes by saying his company would pay higher royalties and taxes, but only if that money benefits locals.The Vancouver-based company, which is developing the Kamoa-Kakula copper deposit in the Central African nation...Read More
Sotheby's unveiled Thursday what it calls the "world's largest, rarest and most valuable D-Flawless round white diamond to have ever been offered for private sale, with experts predicting the gem could fetch over $33 million.The 102.34-carat white diamond, mined by De Beers in Botswana, is the only known round brilliant-cut gem over 100 carats perfect according to every critical criterion, said S...Read More
Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Thursday it had received approval from South African competition authorities to exchange selected assets for a 38% stake in South African DRDGOLD Ltd. (DRD), in a deal valued at R1.3 billion (roughly $108 million at today's rates).Deal gives Sibanye-Stillwater the option to increase its stake in DRDGold to 50.1%The company, Sou...Read More
https://www.theglobeandmail.com/The federal government is proposing to overhaul the way environmental assessments are conducted in Canada, aiming to reduce red tape, provide greater transparency and allow greater input from the public and Indigenous populations.At the same time, Ottawa says it will replace the National Energy Board with a Calgary-based oversight body designed to respond to emergin...Read More
Crypto-mania has peaked.The hype surrounding cryptocurrencies reached a fever pitch in mid-December when Bitcoin prices flew to nearly $20,000. Prices were up over 1,900% in 12 months.December 2017 also saw a record in both the number of initial coin offerings (ICOs) and the amount of money raised by new ICOs. There were a total of 74 new ICOs in December, which raised over $1.6 billion in funds....Read More
For a long time, homeopathic medicines have not been subject to FDA approval. Now the FDA says homeopathic treatments must follow the same rules as typical drugs. This includes the tens of millions of dollars to run clinical trials to get FDA approval.The main problem the FDA has is the unproven claims that homeopathic treatments make. They say that claiming without proof that a certain remedy can...Read More
For a long time, homeopathic medicines have not been subject to FDA approval. Now the FDA says homeopathic treatments must follow the same rules as typical drugs. This includes the tens of millions of dollars to run clinical trials to get FDA approval.The main problem the FDA has is the unproven claims that homeopathic treatments make. They say that claiming without proof that a certain remedy can...Read More
Tucson, Arizona, February 7, 2018 - Modular Mining Systems announced today that it will install its DISPATCH (R) Fleet Management system (FMS) at two affiliated iron ore mines in Brazil, replacing the Hexagon/Devex system in use at both locations.The DISPATCH FMS will supersede the systems on more than 100 pieces of equipment, including 34 trucks, 32 auxiliary units, and 19 shovels.The DISPATCH s...Read More
CloseGain/LossGold $1315.30-$6.40Silver$16.33-$0.27XAU80.54-1.90%HUI179.84-1.11%GDM609.88-1.60%JSE Gold1174.79-18.33USD90.35+0.64Euro122.71-1.06Yen91.38+0.04Oil$61.79-$1.6010-Year2.841%+0.039T-Bond144.59375-1.4375Dow24893.35-0.08%Nasdaq7051.98-0.90%S&P2681.66-0.50% The Metals: Gold gained $10.60 to $1332.30 in Asia, but it then fell back off in London and New York and ended near its midaft...Read More
- Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000- Top 50 crypto currencies lost over 50% of value in 24 hours- Over $60 billion wiped off entire crypto currency market in 24 hours- Markets concerned about increased regulation, manipulation & country-wide bans- 'Growing global unease about risks virtual currencies pose to investors and financial system' - SEC- Gold acting...Read More
Investor, Modern Energy Expert & Author of 'My Electrician Drives a Porsche?', Gianni Kovacevic cautions investors looking to uranium.Mr Kovacevic - speaking ahead of his appearance at Mines and Money Asia in Hong Kong this April - said it is becoming more and more difficult to see serious long-term demand for the commodity."There are 447 nuclear reactors and investors are always told about the 60...Read More
Barrick Gold Corp expects to record a pre-tax charge of around US$429 million at its stalled Pascua-Lama project in South America in the fourth quarter due to reclassifying its gold reserves.Read full newsRead More
Mr. Cooper Quinn reports OSPREY CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT FOR PROCEEDS OF $1,344,187 Osprey Gold Development Ltd. has closed its previously announced oversubscribed non-brokered private placement of 17,922,499 units of Osprey at a price of 7.5 cents per unit, for aggregate proceeds of $1,344,187. Each unit consists of one common share and one share purchase warrant, each whole warran...Read More
Vangold Mining Corporation (TSXV: VAN) (OTC Pink: VGLDF) (FSE: E35B) ('Vangold' or the 'Company') is pleased to announce that it has initiated a Resource Valuation and Preliminary Economic Assessment ('PEA') in respect of the Company's 100% owned El Pinguico Project, in Guanajuato, Mexico.Read full newsRead More
FTSE 100 closes 138 pts higherMiners take brunt of sellingEyes on Bank of England meeting tomorrow FTSE 100 continued its winning streak in late afternoon trading to close up 138 points at 7,279 - well above the previous session peak of 7,255.The mid-cap 250 index was also higher - up over 429 points, at 19,691 as some kind of stability returned to markets.On Wall Street, shar...Read More
Mark Popkiewicz, chief executive of Mirriad Advertising Plc (LON:MIRI) explains to Proactive's Andrew Scott the concept behind what they call 'in-video' advertising.''We decided there was a need in the world for a new form of advertising, a new form of video advertising ... where the ads themselves appear in the content completely naturally, so they look like they were always there but they don't...Read More
George McDonaugh, chief executive at KR1 Plc (LON:KR1), tells Proactive the company was set up to allow investors access to the crypto markets through a publicly-listed share. ''We go out using our network and our understanding of what's on offer and why it's important .. and we choose projects, projects we can back early and get good allocations in''.''Over time we'll build...Read More
Paul Baay, chief executive of Touchstone Exploration Inc (LON:TXP, CVE:TXP), tells Proactive they've kicked off a new ten-well drill programme in Trinidad.The first well, PS-602, is located in the Grand Ravine WD-4 Block.A second rig is expected to join the campaign during February. Meet Anglo Asian Mining Plc, Condor Gold PLC, Connemara Mining and Papua Mining PLC at our event, London, 08 F...Read More