LONDON (Reuters) - British Prime Minister Theresa May agreed with U.S. President Donald Trump on Friday that talks were needed to establish how U.S. sanctions would affect companies operating in Iran, as she again reiterated her support for the nuclear deal.Trump said earlier this week he would revive U.S. economic sanctions, which would penalize foreign firms doing business with Tehran, as he pul...Read More
Drilling at Almaden's Tuligtic Project in Pueblo State, Mexico which covers the Ixtaca gold-silver deposit. Source: Almaden Minerals Ltd.Almaden Minerals Ltd. [AMM-TSX; AAU-NYSE] on Friday May 11 announced a proposed non-brokered private placement financing of up to seven million units. The aim is to raise $7 million at a price of $1 per unit. Almaden said it intends to use the proceeds of the off...Read More
Global ferrous scrap prices were mostly going higher during the working week ended Friday May 11 with prices beginning to climb out of the price trough.Turkish buyers were mostly on the market sidelines due to higher offers and sluggish demand, but a deal concluded at higher prices supported their negotiating position.Upticks in US ferrous scrap export prices to Turkey were capped by a large reduc...Read More
The price of crude oil is rapidly on the rise.Oil recently broke past $70 per barrel for the first time since 2014 after President Trump pulled out of the Iran deal. And many believe the black stuff is set to top $100 per barrel again shortly.For summer vacationers, that means a much more expensive drive to the beach. But for the savvy investor, this summer's oil prices could mean huge gains.Here'...Read More
Two technologies commercially launched within a week of each other promise to be game-changing ore examination tools.Noel Dyson* Chrysos Photon Assay unit. Photo: Tony McDonough11 MAY 201811/05/2018commentsshare Perhaps the most exciting thing about the Orexplore GeoCore X10 core scanner and Chrysos Corporation's photon assay tools is that nobody is really sure where their biggest impacts will be.Read More
Lithium Chile (TSX-V: LITH) owns fifteen projects, encompassing 148,100 hectares on Li-rich Salars in Chile - which has the largest, high-grade lithium reserves and lowest-cost lithium production in the world. The portfolio includes projects, with high-grade lithium brines and excellent chemistry, at shallow depths - all of which have good access to infrastructure. The company is well-funded and h...Read More
Prices for containerized shredded scrap imports into India went down this week with the weakness of the rupee against the dollar putting buying activity on hold, market sources told Metal Bulletin on Friday May 11.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $385.94 per tonne cfr Nhava Sheva on May 11, down by $4.79 week-on-week from $390.73 per tonne cf...Read More
Rio Tinto and Alcoa - with the backing of Apple - have announced a revolutionary process to make aluminium that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process.Kristie Batten*Announcing the creation of Elysis11 MAY 201811/05/2018commentsshareRio and Alcoa announced the formation of Montreal-based joint venture company, Elysis to develop and...Read More
Melior Resources Inc. (TSXV: MLR) is the owner and operator of the Goondicum ilmenite mine, a past-producing ilmenite and apatite mine strategically located in Queensland Australia. We learned from Mark McCauley, Director and CEO of Melior Resources, that the ilmenite price has been very strong and stable for the last twelve months and just a week ago the company completed its funding and off-take...Read More
UK ferrous scrap prices for monthly deliveries to consumers in May were unchanged this month, with any possible planned price increases cancelled out by the weakness of sterling against the dollar, trade sources told Metal Bulletin on May 11.Prices for trend-indicating grades in the UK such as HMS 1&2 (old steel) and OA (plate and structural) were flat this week, remaining at ?180-205 ($244-277)...Read More
May 11, 2018 (Investorideas.com Newswire) CIBC reviewed this mid-tier company's Q1/18 results.In a May 7 research note, CIBC analyst David Haughton reported that IAMGOLD Corp. (IMG:TSX; IAG:NYSE) "continued the recent positive operating momentum with strong Q1/18 results, and these good results should be well received."The miner's adjusted earnings per share for the quarter were $0.09, higher than...Read More
Via Sovereignman.comIn 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called "Just Born".His name was Samuel Bernstein. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein- he invented them.Nearly 100 years later, the company is still a family-owned business,...Read More
Comex copper prices edged higher in the US morning on Friday May 11, with the complex benefiting from a softer dollar. Copper for July settlement on the Comex division of the New York Mercantile Exchange gained 0.70 cents or 0.2% to $3.1170 per lb. Earlier today, the contract touched a high of $3.1265, the highest since April 27. "Copper is still trading within the...Read More
"Literally On Fire"This week brought forward more evidence that we are living in a fabricated world. The popular story-line presents a world of pure awesomeness. The common experience, however, falls grossly short. There are many degrees of awesomeness, up to total awesomeness - which is where we are these days, in the age of total awesomeness, just a short skip away from the Nirvana era. Wha...Read More
May 11, 2018 (Investorideas.com Newswire) Edward Sterck, an analyst with BMO Capital Markets, discussed the implications of its recent suspension of shipments for this Chilean firm in the short and medium term.In a May 8 research report, analyst Edward Sterck with BMO Capital Markets relayed that Antofagasta Plc (ANTO:LSE) has resolved the blocked concentrate pipeline at Los Pelambres that caused...Read More
(Reuters) - California Governor Jerry Brown is proposing a $199.3 billion state budget for the upcoming fiscal year 2018-2019, a 9 percent increase from the current fiscal year's budget and a 5 percent increase from the budget he proposed in January.The state's general fund proposed budget was revised to $137.6 billion under the May revision of the budget, a 10 percent increase from this year and...Read More
“[A]ccording to the 2016 American Customer Satisfaction Index, the Federal Government ranks among the bottom of all industries in the United States in customer satisfaction;”Calling citizens customers is like calling slaves employees. “Customer” implies that you could take your business elsewhere.And the ability to go somewhere else when you are dissatisfied with a service...Read More
CloseGain/LossOn WeekGold $1318.90-$1.70+0.37%Silver$16.67-$0.05+1.03%XAU83.86+0.07%+1.77%HUI182.24-0.06%+0.47%GDM639.91-0.00%+1.16%JSE Gold1068.30+8.70-4.19%USD92.54-0.12-0.06%Euro119.44+0.19-0.11%Yen91.47+0.13-0.28%Oil$70.70-$0.66+1.41%10-Year2.970%+0.003+0.85%Bond143.21875+0.03125-0.22%Dow24831.17+0.37%+2.34%Nasdaq7402.88-0.03%+2.68%S&P2727.72+0.17%+2.41% The Metals: G...Read More
Three-month base metals prices on the London Metal Exchange gave a mixed performance on the morning of Friday May 11, with the complex averaging a slight 0.1% gain as at 06.42 am London time.Copper and aluminium were down by 0.2% and 0.4% respectively, nickel and zinc were little changed, while lead (+0.7) and tin (+0.3%) were the complex's strongest performers.But with a total trading volume of 3...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