Prices for stainless steel in East Asia held steady with manyparticipants exiting the market for the Lunar New Year holiday.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,320 per tonne cif East Asian ports for the week ended Wednesday February 14, the same as a week earlier.Metal Bulletin's assessment...Read More
Aluminium scrap prices in the United Kingdom fell this week, following the aluminium price's February decline on the London Metal Exchange.Group 1 pure 99% litho on a delivered consumer works basis fell to ?1,400-1,450 ($1,949-2,018) per tonne on Wednesday February 14, from ?1,420-1,470 per tonne a week earlier.This marks the first decline for the grade since late November 2017, and touched...Read More
Pembridge Resources (LON:PERE) said Thursday it was buying Capstone Mining's (TSX:CS) Minto copper-gold-silver mine in Canada's Yukon for $37.5 million in cash plus a 9.9% stake in the company.The miner, which last year moved from the Aim to LSE main board, said the acquisition makes of Pembridge a cash flow generating copper producerThe London-based company said it plans to raise $50 mill...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) has moved to secure low-cost power supply for its Paracatu mine, Brazil's largest gold mine, by buying two hydroelectric plants for $257 million.With the acquisition of two hydroelectric plants, it expects to eliminate about 70% of future power purchases.The Toronto-based miner said the acquisition of Barra dos Coqueiros and Cacu hydro power plants,...Read More
Rising mineral prices and the increasing difficulties to earn a living from agriculture, have led to an explosive growth in global artisanal and small-scale mining (ASM) in the last few years.The activity is emerging as an significant socio-economic sector in a number of developing nations, to the point it has become a major of revenue for millions of people in about 80 countries worldwide - mostl...Read More
Canadian explorer Argo Gold (CSE: ARQ) said Thursday that is selling its South Wawa gold property to RT Minerals Corp. (TSX-V:RTM) for consideration of 350,000 common shares of the Vancouver-based junior miner.The property consists of two mineral claims totalling 16 units or 256 hectares located roughly 10 km south of the town of Wawa, in Ontario.When Argo acquired South Wawa, the asset had not b...Read More
Industry remains committed to investing in mining innovationOttawa, February 15, 2018 - The consortium behind the CLEER supercluster proposal remains committed to transforming Canada's mining industry through innovation, despite not being amongst the five projects selected by Innovation, Science and Economic Development Canada for supercluster funding.The Canadian mining industry developed the pan...Read More
Jason Burack of Wall St for Main St interviewed returning guest, hedge fund manager, former successful software entrepreneur & Co-host of the Macro Voices podcast https://www.macrovoices.com/ for high net worth investors and financial professionals, Erik Townsend. In this interview, Jason asks Erik if central banks have a viable exit strategy to remove liquidity? Erik thinks they will try but no o...Read More
*This interview was recorded on January 19, 2018Rick Rule, President and CEO of Sprott US Holdings Inc., discusses the natural resource outlook and the investing opportunities for the New Year. Rick says commodities are "ripe for a sustained bull market that yields big investment returns."Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities...Read More
Continue...Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., for 17 years. Rand has been a vocal advocate for term l...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for the January Producer Price Index was an increase of 0.4% versus a decline of 0.1% in December. Actual was an increase of 0.4%. Excluding food and energy, consensus for the January Prod...Read More
"There is absolutely no statutory provision that authorizes limited disclosure of otherwise classified information to anyone, including 'trusted reporters,' Continue...Read More
"If you've got the power to raise prices without losing business to a competitor, you've got a very good business." Continue...Read More
It was a strange day. Inflation surged yesterday. But gold dropped initially, only to Continue...Read More
Published on: Feb 15, 2018 | by finfeedArcher Exploration (ASX:AXE) informed the market this morning that it has completed its aerial electro-magnetic (AEM) survey at its 100% owned Blue Hills project in South Australia.AXE's preliminary analysis of AEM data has shown that several basement conductors are on site, which may point to extensive sedimentary hosted copper-gold mineralisation.Initial AE...Read More
RAPAPORT... Labrador-grown diamonds? The Year of the Dog is coming up,and we are unleashing insights about how the Chinese New Year will affect thetrade in the Far East. Also, an interview with noted jewelry journalistJennifer Heebner, who shares her experiences from the most recent UScolored-gemstone shows.Check out Episode 3 of The Rapaport Diamond Podcast for everything you need to know about t...Read More
Picking winners in this super-heated market has become a bit like shopping for a used car; there are clunkers with a fresh lick of paint and banana skins packed into the diff, and there are forgotten gems that have been sitting in a garage for decades.ASX-listed junior Alt Resources (ARS) has snagged the equivalent of the coveted "barn find" with its acquisition of the Bottle Creek gold openpit mi...Read More
What kind of fake news is most damaging? Is it the kind that puts out a conspiracy theory with no evidence? Or is it a headline story that can easily be debunked, designed to ride a wave of viral clicks which only lasts hours or days?Those aren’t the most dangerous types of fake news. The real problem is when trusted mainstream media sources roll out a propaganda campaign. And that happens b...Read More
TECHNICAL GUIDE TO FINANCING: ENVIRONMENTAL AND SOCIAL INPUTS REQUIREDThe changes correspond with evolving ESG risks to financiers. The textbox below lists matters most commonly presenting risks through their potential to halt projects, suspend operations, increase management costs and/or result in significant closure liabilities. These are listed in historical order rather than importance.&...Read More
Adem Tumerkan February 15, 2018 Category: Research Hey guys,I was up all night reading the most boring papers - the Federal spending bill and the National Debt. I love finance - but that stuff is just a bore.Yet it's necessary. . .Two months ago, President Trump pushed through his aggressive Tax Cuts. And conservative estimates show an increase of $1.45 trillion to the US National Debt over the...Read More