US President Donald Trump's proposed tariffs on steel and aluminum imports are a "black day" for the world and businesses, BHP chief executive officer Andrew Mackenzie said Tuesday.Speaking at the AFR Business Summit, the leader of the world's biggest miner said Trump's protectionist move was just a way of propping up an uncompetitive industry.He was referring to the White House's plan to hike tar...Read More
Rio Tinto (ASX, LON:RIO) and two former top executives have filed a motion requesting a U.S. regulator's lawsuit accusing them of fraud for overstating the value of Mozambique coal assets to be dismissed.In the 71-page filing, quoted by FT.com, lawyers representing the company, its former chief executive Tom Albanese, and its ex finance director Guy Elliott argue the Securities and Exchange Commi...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More
Ontario's Minister of Northern Development and Mines, Michael Gravelle, announced today that the Northern Ontario Heritage Fund Corporation will provide funding to companies developing innovative technology for mining projects in the northern section of the province.Talking at the Prospectors and Developers Association Convention in Toronto, Gravelle said that by supporting such ventures his offic...Read More
South Africa's Directorate for Priority Crime Investigation arrested 33 people that were illegally extracting gold at the rehabilitated Ellerton mine, just outside the northeastern town of Giyani.In a joint operation that involved the Serious Organised Crime Investigation Unit?EUR? the Department for Mineral Resources?EUR? the Provincial Organised Crime Unit?EUR? Public Order Police?EUR? the Air W...Read More
https://www.reuters.com/TORONTO (Reuters) – While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making.An upbeat tone at the world's biggest mining conference comes as global exploration spending snaps a four-year decline, underpinned by a rebound in metals...Read More
"There is going to be a massive monetary/fiscal collision of a type I haven't seen in my lifetime."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Co...Read More
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the laun...Read More
By Ira EpsteinGold higher off of Gary Cohn resignation as top economic to President Trump in late afternoon announcement.http://iraepstein.com/ Read More
The Fed says incessantly that "price stability" is part of their dual mandate and they are committed to maintaining the purchasing power of the dollar. But the Fed has a funny definition of price stability.Continue...Read More
The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached Continue...Read More
JOHANNESBURG (miningweekly.com) – De Beers’ second sales cycle of the year saw the continuation of good rough diamond demand, with provisional sales of $555-million.CEO Bruce Cleaver says this is in line with expectations, following strong retail sales of diamond jewellery during the US holiday season and positive early signs for consumer demand over Chinese New Year.AdvertisementSales...Read More
"This is one of the most prejudiced and strange judgments I have read. Not completely unexpectedly dictated by two lay judges. Still no one in chargeContinue...Read More
The age of the American aircraft carrier's domination could be ending soon unless the U.S. creates defenses for the next generationContinue...Read More
Gold remains firm, trading at over US$1,300 per ounce amid investor fears of a market correction prompted by concerns that stock valuations have decoupled from underlying economic fundamentals. There are also fears that Trump's fiscal stimulus, including the recently implemented tax changes, could overheat the U.S. economy and cause inflation to rise at a rapid clip. Higher inflation makes gold an...Read More
Gold's meteoric rise in 2009 and its subsequent fall has had a devastating effect on the sector's once reliable dividend-paying companies. Since gold's fall from grace, the vast majority of dividend-paying gold stocks have either slashed, suspended, or outright cut their dividends. Only Franco Nevada Corp. (TSX:FNV)(NYSE:FNV) stemmed the tide and maintained its status as a Canadian dividend aristo...Read More
Today's market is facing many roadblocks.Trade wars, geopolitical risk, rising interest rates, and the fact that the market is trading near all-time highs with stretched valuations has put the market at risk.So, it is a breath of fresh air when we come upon stocks that are attractively valued, with good upside potential and low downside risk.OceanaGold Corporation (TSX:OCG)$2.2 billion OceanaGold...Read More
When markets opened on March 5, experts and analysts feared that the impending actions of the Trump administration could spark a global trade war. Reports have varied when it comes to the internal White House battles over the implementation of steel and aluminum tariffs, but President Trump appeared to signal a hardline path forward in statements Monday.Paul Ryan, the Republican Speaker of the Hou...Read More
Here is a little dose of reality for all of those inflation naysayers out there:76% of Americans are living paycheck-to-paycheck.65% of Americans say they don't own their homes.53% of Americans have no money in the stock market, even through retirement accounts.Together, these three depressing facts mean a vast majority of Americans have seen their wealth and income crushed by inflation.Your wealt...Read More
Daniel Malchuk, BHP's (AU:BHP) president for mineral operations in the Americas, is not shy about the mining industry's chequered history of failing to help improve the communities around its operations. He is determined that BHP will play a leading role in fixing it.Alastair Sharp in Toronto Daniel Malchuck: 'We need to set standards for other industries to follow'06 MARCH 201806/03/2018c...Read More