Indonesia's state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government officials said on Saturday.Situated in Indonesia's eastern-most province of Papua, Grasberg, the world's second-largest copper mine, is owned and operated by Freeport Indonesia (PTFI), a subsidiary of U.S.-based Freepo...Read More
Indonesia's state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government officials said on Saturday.Situated in Indonesia's eastern-most province of Papua, Grasberg, the world's second-largest copper mine, is owned and operated by Freeport Indonesia (PTFI), a subsidiary of U.S.-based Freepo...Read More
Luxembourg-based steel pipe maker Tenaris SA is temporarily laying off workers and adjusting production at a Canadian plant because of uncertainty in the steel market following tariffs imposed by the United States, a company official said on Saturday.Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum...Read More
Sienna Resources(TSXV: SIE) announced that it has started an extended sampling and geophysical program on the Sl??ttberg nickel-copper cobalt project, located 25 kilometres northwest of Falun, Sweden.In a press release, the Vancouver-based company explained that the historic mining camp hosts cobalt-nickel-copper rich massive sulfide mineralization. Therefore, its engineers will be taking samples...Read More
Sienna Resources(TSXV: SIE) announced that it has started an extended sampling and geophysical program on the Sl??ttberg nickel-copper cobalt project, located 25 kilometres northwest of Falun, Sweden.In a press release, the Vancouver-based company explained that the historic mining camp hosts cobalt-nickel-copper rich massive sulfide mineralization. Therefore, its engineers will be taking samples...Read More
Carlos Slim, who is known as the richest man in Mexico, teamed up with Canada's Goldcorp (TSX:G) (NYSE:GG) by sealing a deal between his Minera Frisco and Goldcorp's subsidiary Minera Pe??asquito. The deal involves exploring and evaluating possible mining operations in Mexico's Mazapil Valley, which is in the central Zacatecas state near the Canadian miner's flagship Pe??asquito mine. In a press r...Read More
With the first half of 2018 now drawn to a close, much of the financial medias’ headlines and commentary relating to the gold market has been focusing on the fact that the US dollar gold price has moved lower year-to-date. Specifically, from a US dollar price of $1302.50 at close on 31 December 2017, the price of gold in US dollar terms has slipped by approximately 3.8% over the last six mon...Read More
By John MauldinAssumptions EverywhereNegative Cash FlowThe Threats Go OnThe Venus Flytrap: EntitlementsLA, Maine, Beaver Creek and Boston In describing the global debt train wreck these last few weeks, I've discovered a common problem. Many of us define "debt" way too narrowly.A debt occurs when you receive something now in exchange for a promise to give something back later. It doesn't have to...Read More
Dear Friend of GATA and Gold:Market analyst and former fund manager David Brady, writing again at Sprott Money, observes today that, in devaluing the yuan against the U.S. dollar in recent weeks to offset rising U.S. tariffs, China also appears to be pegging the yuan to a gold price of around 8,200 yuan per ounce.In his most recent Gold Speculator letter, which has not been posted in the clear,...Read More
One of the things giving "data-driven" central banks wiggle room on their pledge to tighten monetary policy is the fact there are several definitions of inflation. In the US the thing most people think of as inflation is the consumer price index, or CPI, which is now running comfortably above the Fed's target. But the Fed prefers the personal consumption expenditures (PCE) price index, which ten...Read More
By Steve St. AngeloAs the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in 2017. And to make matters worse, world oil investment has dropped 45% from its peak in 2014. If the world oil industry doesn't increase its capital expenditures significantly, we are going to hit the Energy Cliff much sooner than later.According to Rystad...Read More
Silver Guru David Morgan, freshly back from G. Edward Griffin's Red Pill Expo in Spokane WA, briefs us on his most impactful takeaways from this leading edge & speaker-packed conference.Morgan also tackles multiple questions submitted by viewers to give us the insight of his connections and experience into where gold, silver, our financial lives and freedom are headed next.- Not to be missed!Fin...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:IPTAUDDescriptionImpact Minerals Ltd. are a junior, project generator looking for goldLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial07/01/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$18.71M$18.71M07/01/2018$0.00MTotal Assets:$14.98M$14.98M07/0...Read More
Fundamentals and TA are signaling extreme undervaluation By Adam TaggartIt's been a while since I've covered the precious metals in an article. They've been range-bound for much of the past year, with few notable sector developments to report.But I feel compelled to write about them today for two reasons:The probability of an upwards re-pricing of the precious metals is rising, andBoth gold &...Read More
By John MauldinAssumptions EverywhereNegative Cash FlowThe Threats Go OnThe Venus Flytrap: EntitlementsLA, Maine, Beaver Creek and Boston In describing the global debt train wreck these last few weeks, I've discovered a common problem. Many of us define "debt" way too narrowly.A debt occurs when you receive something now in exchange for a promise to give something back later. It doesn't have to...Read More
Dear Friend of GATA and Gold:Market analyst and former fund manager David Brady, writing again at Sprott Money, observes today that, in devaluing the yuan against the U.S. dollar in recent weeks to offset rising U.S. tariffs, China also appears to be pegging the yuan to a gold price of around 8,200 yuan per ounce.In his most recent Gold Speculator letter, which has not been posted in the clear,...Read More
One of the things giving "data-driven" central banks wiggle room on their pledge to tighten monetary policy is the fact there are several definitions of inflation. In the US the thing most people think of as inflation is the consumer price index, or CPI, which is now running comfortably above the Fed's target. But the Fed prefers the personal consumption expenditures (PCE) price index, which ten...Read More
By Steve St. AngeloAs the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in 2017. And to make matters worse, world oil investment has dropped 45% from its peak in 2014. If the world oil industry doesn't increase its capital expenditures significantly, we are going to hit the Energy Cliff much sooner than later.According to Rystad...Read More