Angus McDowall, Jeffrey HellerBEIRUT/JERUSALEM (Reuters) - The Syrian Observatory for Human Rights said on Wednesday an Israeli attack on Iranian military facilities south of Damascus had killed at least 15 people, including eight Iranians.The reports of an Israeli attack in Kisweh late on Tuesday emerged after U.S. President Donald Trump announced he was pulling out of the Iranian nuclear deal.Th...Read More
President Trump announcedintentions to pull out of the Iran deal Tuesday, which caused some volatilityin all markets. Equities whipped around only to close near the unchanged line.Oil got clobbered but cut most of the losses and is back on four-year highs,and gold failed at $1,318.It's obvious that gold has someissues to deal with and is headed lower. Throughout much of the recentuncertainty when...Read More
The Panoro senior management team tours the Cotabambas Project in Peru. From left: L. Shaheen, Y. Barsimantov, C.Pilon, F.Tejada. Source: Panoro Minerals Ltd.Luquman Shaheen is bullish on copper. The Panoro Minerals Ltd. [PML-TSXV, Lima; PZM-FSE] President and CEO said the world has entered into an era where a lack of new projects is going to constrain the supply of the red metal.In an interview w...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks.Investors in these stocks often lose everything … but they can also end up earning massive profits from a small amount of investment capital. For example, Book...Read More
Nevsun's Bisha copper-zinc mine in Eritrea, Africa. Source Nevsun Resources Ltd.Nevsun Resources Ltd.'s [NSU-TSX; NYSE AMERICAN] second largest shareholder says a $1.5 billion takeover proposal by from Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] and Euro Sun Mining Inc. [ESM-TSX, CPNFF-OTC] looks "pretty fair.""Nevsun should engage more fully with Lundin Mining and Euro Sun Mining, which made the p...Read More
WASHINGTON (Reuters) - U.S. Senator Joe Manchin said in a statement on Wednesday he would back President Donald Trump's pick to be CIA director, Gina Haspel, becoming the first Democrat to support her nomination.Support from Manchin, a moderate who often votes with Republicans, is a huge boost for Haspel's chances at winning the majority of votes needed to be confirmed in the full Senate, where Tr...Read More
Global underground mining machinery and drilling equipment leader, Sandvik Mining and Rock Technology, has released a data interoperability policy that underscores its belief in an 'open source' mining digital ecosystem.Staff reporter09 MAY 201809/05/2018commentsshareThe Swedish-headquartered company says its policy outlines principles by which its machine control and information systems can commu...Read More
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,910.81, up 68.10 points)Spartan Energy Corp. (TSX:SPE). Oil and gas. Up one cent, or 0.15 per cent, to $6.48 on 10.9 million shares.Kinross Gold Corp. (TSX:K). Miner. Down 61 cents, or 11.42 per cent, to $4.73 on 10.7 million shares. The Canadian gold miner said the government in Maurit...Read More
Midas Gold's Stibnite gold-silver-antimony project in Idaho. Source: Midas Gold Inc.Barrick Gold Corp. [ABX-TSX, NYSE] has agreed to make a US$38 million strategic investment in Midas Gold Inc. [MAX-TSX; MDRPF-OTC] to advance the company's Stibnite Gold Project in Idaho.The announcement sent Midas Gold shares up 10.31% or $0.10 to $1.07 in early trading on Wednesday. The 52-week range for the sto...Read More
Horizonte plc, which acquired the Vermelho project from Vale, is exploring whether the project can produce nickel and cobalt sulfate suitable for electric vehicle (EV) batteries, it said on Wednesday May 9. Mining company Horizonte acquired the Brazil-based nickel-cobalt project for $8 million in December 2017. "The Vermelho project also contains a large cobalt resource which Vale planned to...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he will announce the site for a summit with North Korean leader Kim Jong Un within three days and it will not be held at the demilitarized zone along the border between the two Koreas.“It will not be there,” he told reporters at the start of a Cabinet meeting at the White House when asked if the planned meeting would...Read More
TORONTO - Shares of Kinross Gold Corp. fell more than 10 per cent in trading Wednesday as the gold miner said the government in Mauritania has requested talks regarding its activities in the country.The Canadian gold miner, which is near completion of its Tasiast mine in Mauritania, said its application to convert its Tasiast Sud exploration permit into an exploitation permit was recently rejected...Read More
The song remains the same.Just minutes ago as I'm writing this, President Trump did what everyone on the planet knew he would: he pulled out of the Iran nuclear deal.Crude prices jumped 1% as he spoke.And just like that, dear reader, we're back on the road to $80 oil.But this isn't new, is it?My colleague Christian DeHaemer warned you a few years ago that oil was setting itself up for a massive r...Read More
(Reuters) - Wall Street rallied on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear deal with Iran.Gains were broad, with all but the utilities and telecom sectors advancing as investors who had moved to the sidelines in recent days ahead of Trump’s decision returned to the market.“It’s...Read More
Turkish steel producers stayed out of the market on Wednesday May 9, with no deep-sea transactions reported amid holidays in Russia and Ukraine, sources told Metal Bulletin.The Ukrainian and Russian markets were closed for Victory Day holidays on Wednesday.Market participants nonetheless said that Baltic Sea-origin HMS 1&2 (80:20) will be about $357 per tonne and $360 per tonne cfr&...Read More
WASHINGTON (Reuters) - The U.S. troop presence in South Korea would not be part of initial negotiations with North Korea, U.S. Defense Secretary Jim Mattis said on Wednesday, ahead of expected talks between President Donald Trump and North Korean leader Kim Jong Un.His comments came just hours after North Korea released three American prisoners and handed them over to U.S. Secretary of State Mike...Read More
Vancouver, British Columbia - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Prospero Silver Corp. (TSXV: PSL) (the "Company" or "Prospero") announces that it has amended its planned work program for 2018 following discussions and agreements with its strategic partner, Fortuna Silver Mines Inc. ("Fortuna" or "FVI"). Prospero and Fortuna have also agreed to amend their May 8, 2017 strate...Read More
Ferrous scrap will increasingly replace natural resources as the main raw material to produce steel, according to the World Steel Association (Worldsteel) head of raw materials, Dr Baris Bekir ??ift??i.This is mainly due to ferrous scrap's increasing availability globally, as well as structural reforms in major steelmaking countries to increase the usage of electric-arc furnaces in the steel produ...Read More
Steph and Matt hated the cold, hated the crowds, and hated their corporate work. But they lived in densely–populated, and often frigid, Massachusetts. They worked 9-5 Monday through Friday, and were lucky to get three weeks off per year. And to top it all off, high Massachusetts taxes took a big chunk of their earnings.Enough was enough. They would find a way to move somewhere warm and rural...Read More