"BMO Capital Markets ups its forecast 2025 EV penetration rate to 12%, citing this figure as the minimum view held by industry participants. Bullish #nickel"Read full newsRead More
(Bloomberg) - President Donald Trump has ordered a rescue of the nation's struggling coal and nuclear power industries, but that doesn't mean utilities are reconsidering the shutdown of unprofitable plants.Many power generators contacted said Trump's June 1 announcement hasn't altered their plans to retire old units even as the administration dangles the prospect of using emergency powers to forc...Read More
World's second largest miner Rio Tinto (ASX, LON, NYSE:RIO) said Monday it will begin developing its Koodaideri iron ore mine in Western Australia's Pilbara region next year, highlighting parallel plans to de-bottleneck rail capacity, which should increase it to 360 million tonnes per annum (mtpa) in 2019.The miner also said it would mine its first tonnes from the project, which it says it's one...Read More
Investment activity in Australia's iron ore arena might be building again to fever pitchRead full newsRead More
More than 30 Chinese companies active in the Democratic Republic of Congo formed a business association backed by both countries' governments, further cementing China's ascendancy in copper and cobalt production in the central African nation.The 35-member Union of Mining Companies with Chinese Capital will facilitate "communication and exchange between the Chinese mining companies and the governme...Read More
Australia's Lucapa Diamond (ASX:LOM) said Monday it had made $2 million after selling a new parcel of diamonds found at its prolific Lulo mine in Angola.Together with its partners, Empresa Nacional de Diamantes and Rosas & Petalas, Lucapa sold 1,782 carats at an average price of $1,150 per carat.Sale has taken gross sales proceeds from the Angola-based mine so far this year to $15.9 million.The sa...Read More
Australia's wealthiest woman and mining tycoon, Gina Rinehart, became Monday the third party interested in buying Atlas Iron this year after offering A$390 million ($290 million) in cash for the junior miner.The bid, made by Redstone Corporation Pty Ltd, a wholly?EUR?owned subsidiary of Rinehart's Hancock Prospecting, comes only a week after news emerged that Redstone had accumulated a 19...Read More
Osisko Gold Royalties announced today that it secured a silver stream from Falco Resources for Can$180 million.The silver stream will come from Falco's Horne 5 property in Rouyn-Noranda, Qu?(C)bec.Osisko will make staged upfront cash deposits to Falco of up to C$180 million and will make ongoing payments equal to 20% of the spot price of silver to a maximum of US$6 per ounce.Horne 5, a developmen...Read More
American Pacific Mining Corp announced that the initial phase of drilling at the Tuscarora Gold Project in Elko Nevada has expanded from a planned 10-12 holes to a total of 16 drill holes.Read full newsRead More
Mining a dealership's base of service customers for new-vehicle sales makes sense financially, says Nicole Tournaud, business development director of the LaFontaine Automotive Group in Highland, Mich.Read full newsRead More
JAKARTA - Environmental officials have warned of the potentially catastrophic impact of a planned gold mine in a conservation zone in eastern Indonesia, amid mixed signals from the district chief responsible for approving the project. The proposed mine would cover 233 square kilometers (90 square miles), an area four times the size of Manhattan, in ...Read full newsRead More
Gold on Monday held close to 5-1/2 month lows, with a strong dollar offsetting the impact on prices of an escalating trade dispute between the United States and China.Read full newsRead More
Kinross Gold Corp. announced June 12 that it has decided to move forward with a $100 million expansion to the Fort Knox gold mine about 25 miles northeast of Fairbanks.Read full newsRead More
Nordstrom isn't closing nearly as many stores as its larger department store rivals, but it could still generate a meaningful amount of cash from selling unneeded properties.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index began last week by sprinting to a brand new, all-time closing high at 1318.82, though it could not quite forge its way through 1320 when it topped out at 1319.43 and drifted down slightly to close at 1314.15. In all, the INK CIN held onto a gain of 6.28 points and has built a g...Read More
Fed week is exciting for some. Gold bulls and bugs alike hope the Fed will do something or say something that will trigger a huge move in precious metals. It doesn't work like that. The Fed follows the market, which for the Fed Funds rate (FFR) is the 2-year yield. The 2-year yield has been screaming higher over the past 12 months and it implies at least another two rate hikes in the future. That'...Read More
Uncertainty abounds in recent weeks. One moment it seems all is right with the world, and the next moment the earth is about to erupt into chaos. Combine that with rates that are rising and some semblance of inflation, and it could be just about time to add a little gold to your portfolio.Gold, being the traditional safe haven in times of uncertainty, has been pretty stagnant over the past few yea...Read More
After moving significantly higher on Wednesday and Thursday following the dovish monetary policy issued by both the Federal Reserve and the ECB, the precious metals were ambushed Friday morning by the Comex bank cartel. Right before the Comex gold pit opened on Friday, thousands of gold and silver contract were dumped wholesale into the Comex Globex computer trading system. The deluge contin...Read More
One of the world's biggest mining equipment suppliers, Epiroc (STO:EPIA), has listed on the Stockholm stock exchange, cementing its separation from parent company Atlas Copco.Jacqueline HolmanEpiroc is now a listed entity on the Stockholm stock exchange18 JUNE 201818/06/2018commentsshareThe company's shares started trading on the Nasdaq Stockholm Monday, less than two months after Atlas Copco shar...Read More
Engineer Mine Camp after buildings completed. Tutshi in mid distance. Lawsons camp above smoke stacks. Source: Yukon Archives. Reginald Brook Sr. fonds, #65.Frank Callaghan, founder and former chairman of Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF; IWUB-FSE], has acquired a 25% stake in Engineer Gold Mines Ltd., a unit of Blind Creek Resources Ltd. [BCK-TSXV] that is being spun out as a separate...Read More