In the heart of Alaska's remote southwestern Kuskokwim Mountains, two Canadian mining companies could soon get the green light to dig a massive open-pit mine to access what they describe as one of the largest undeveloped gold deposits in the world.Read full newsRead More
Democratic Republic of Congo President Joseph Kabila's plan to discuss proposed changes to mining royalties with mining company representatives on Tuesday was postponed by a day, a government minister said.No reason was given for the decision to delay the meeting."It will be tomorrow before noon," Mines Minister Martin Kabwelulu said in a text message.Top executives from eight international mining...Read More
Democratic Republic of Congo President Joseph Kabila's plan to discuss proposed changes to mining royalties with mining company representatives on Tuesday was postponed by a day, a government minister said.No reason was given for the decision to delay the meeting."It will be tomorrow before noon," Mines Minister Martin Kabwelulu said in a text message.Top executives from eight international mining...Read More
Coming off of 2017, a year in which global diamond supply by volume increased by 11.7% year-over-year, supply is forecast to contract by 3.4% to 147M carats in 2018 (see appendix at bottom for itemized analysis by mine).Out of the world's top three diamond miners by volume, only De Beers is expected to increase production this year, while diamond output at Russia's ALROSA (MICEX: ALRS) and diver...Read More
VANCOUVER, March 5, 2018 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp") is pleased to announce that Acoustic Zoom is the winner of #DisruptMining 2018, the innovation accelerator designed to encourage new technologies and ideas to solve some of the biggest challenges in mining. Acoustic Zoom impressed the judges with their ultra high-frequency 3D drill hole seismic imaging and earned the op...Read More
Ryan urges Trump to reconsider tariffs; West Texas crude gainsLoonie declines; Italian assets drop on inconclusive electionRupert Watson, head of asset allocation at Mercer, discusses possible market contagion in equities and bonds.U.S. stocks rose with the dollar, while Treasuries fell as signs mounted that President Donald Trump’s tough tariff talk may not translate into the most severe p...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Prior to Monday, the Dow Jones Industrial Average has closed lower for four consecutive sessions.Even with its gains on Monday, the Dow remains more than 1,700 points below its all-time high set on Jan. 26.The S&P 500 remains more than 150 points below its all-time high, also reached on Jan. 26. Wall Street Overview Stocks posted solid ga...Read More
3 Things to Know About Markets Right Now The S&P 500 is now flat on the year.The S&P 500 is also flat dating back to when the tax reform act was enacted on Dec. 22.Asian shares are down for five straight days. Market Snapshot U.S. equity futures weakend Monday, while European stocks extended gains, as global investor concern over an impending trade war eased and governmen...Read More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
The latest news and price moves to start the Asian day on Tuesday March 6.Copper and tin bucked the trend as base metals closed lower on the London Metal Exchange on Monday March 5. Read more in our live futures report.Here are how LME prices looked at Monday's close:The largest zinc delivery in nearly five years into LME-approved warehouses in New Orleans has swung the zinc cash/three-month...Read More
As a masochist - and someone who believes in knowing exactly how bad things can get - I do my own taxes every year.Since I'm in the process of getting all of my 2017 paperwork together right now, and you might be as well, I thought this is a good time to go over the way different types of dividends get treated.Obviously, there's no way I can cover the entire subject in one short article. And this...Read More
The coming credit crisis in China is no secret.China has $1 trillion or more in bad debts waiting to explode. These bad debts permeate the economy.Some are incurred by Chinese provincial authorities trying to get around spending limitations imposed by Beijing. Some are straight commercial loans on bank balance sheets. Some are external dollar-denominated debts owed to foreign creditors.The most da...Read More
Anbang Insurance Group is one of China's largest and most aggressive financial institutions. It is known for its huge customer base, high leverage, and fast-paced deal making.At least it was until the Friday before last.That's when Anbang was taken over by the Communist Chinese government. You can call that takeover, "a bailout with Chinese characteristics."Today, Anbang is a financially distresse...Read More
Rest in peace, passive investors... I can’t say I’m sad to see you leave.For years, these investors have ruled the markets. They’ve pushed stocks of any type, any quality, any size, and any industry higher.They’ve made a mockery out of our financial system. And they’ve championed the “average” and “mundane” while failing to put any effort into...Read More
Traders and investors are scrambling to adapt to the "new normal" now that volatility has found its way back into the markets.Thanks to the internet, you can find countless forums and message boards filled with anonymous mouth-breathers who are ready to spout their unprofessional opinion on whatever topic you ask.But advice from so-called "professionals" in the mainstream financial media is someti...Read More
I am buying NUGT as a hedge against my portfolio.Rising inflation is pressuring bonds and stocks lower.NUGT could see price gains amid current market volatility.With gold prices looking strong amid an uncertain macroeconomic environment, adding long exposure to Direxion Daily Gold Miners Bull 3X ETF (NUGT) could be an attractive play going forward. Gold prices have held up well the last few months...Read More
The latest news and price moves to start the Asian day on Tuesday March 6.Copper and tin bucked the trend as base metals closed lower on the London Metal Exchange on Monday March 5. Read more in our live futures report.Here are how LME prices looked at Monday's close:The largest zinc delivery in nearly five years into LME-approved warehouses in New Orleans has swung the zinc cash/three-month...Read More
Iran is implementing its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA), Yukiya Amano, director general of the International Atomic Energy Agency (IAEA) confirmed to his board of governors yesterday. Amano said the plan represents a "significant gain" for nuclear verification.Yukiya Amano addresses the IAEA Board of Governors (Image: Dean Calma/IAEA)Amano said IAE...Read More
Swiss utility Axpo has received regulatory approval to bring unit 1 of the Beznau nuclear power plant (KKB) back into service this month after evidence it submitted last December proved aluminium oxide inclusions in the reactor pressure vessel do not affect the unit's safety.Beznau unit 1 (Image: ENSI)he RPV was manufactured in the Creusot Forge in France in the 1960s. According to the production...Read More
The three-month copper price rebounded over $7,000 per tonne for the first time this month at the close on Tuesday March 6, with the metal undergoing a short-covering rally. "Given the drop in open interest so far this week, LME copper seems to be experiencing a short-covering rally. But fresh buying needs to emerge to make the LME copper strength sustainable," Boris Mikanikrezai, Metal Bulletin a...Read More