Anglo American (LON:AAL) has officially left the coal sector in South Africa with the sale of its New Largo mine to a group of black-controlled companies.Seriti Resources Pty Ltd., Coalzar Pty Ltd. and South Africa's Industrial Development are paying Corp. are paying $71 million for the asset, Anglo said in the statement.Last year, Anglo sold other coal assets that exclusively supplied South Afri...Read More
Shares in Petra Diamonds (LON:PDL) fell as much as 21% on Monday after the miner cut its forecast for 2018 earnings and said it will produce fewer precious stones as it focuses on recovering larger, more expensive rocks.The South African diamond producer, owner of the iconic Cullinan mine, which produced the diamonds for the British crown jewels, said it expected its 2018 fiscal year earnings to b...Read More
Suncor Energy (TSX:SU), Canada's second-largest energy producer, announced Monday its majority-owned Fort Hills oil sands project in Alberta had achieved first oil over the weekend.Production at Fort Hills - located 90 km north of Fort McMurray - will ramp up over the next months to reach 90% of capacity by the end of the year, said the Calgary-based company, which is also the project operator...Read More
http://www.telegraph.co.uk/The diamond industry stands at a crossroads. The Kimberley Process, a scheme designed to certify that diamonds are "conflict-free", is under pressure to reform.Once regarded as a landmark agreement between industry, governments and NGOs, it has been attacked for widespread shortcomings. Can it restore confidence in the industry and can consumers be sure of what they are...Read More
Justin's note: Today, I'm featuring a new interview with Doug Casey and Crisis Investing editor Nick Giambruno on one of the top money-making opportunities in 2018: uranium.Continue...Read More
By Ira EpsteinMetal markets pull back in a consolidation manner in front of Tuesday night's State of the Union speech and Wednesday's FOMC Announcement.https://www.iraepstein.com/ Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) has been chosen by a French court to take over French speciality steelmaker Asco Industries (Ascometal), it said on Monday January 29.S+B will take over Ascometal's assets on Thursday February 1, with the exception of Ascoval, a joint venture between Ascometal and French tube & pipe producer Vallourec in Saint-Saulve i...Read More
JOHANNESBURG (miningweekly.com) - In the six months to December 31, LSE-listed Petra Diamonds saw a 10% production increase to 2.2-million carats across its operations, which was in line with guidance.This represented record production for any six-month period for the company.AdvertisementThis year, Petra is guiding for a lower grade at Cullinan, largely offset by a higher average diamond price, r...Read More
There is more to excite the metals industry than the batteries boom, argues Lord Copper, with the global economy's gradual emergence from the 2008 recession boding well for metal demand. Talk to anybody about metals these days and they are almost guaranteed to turn the conversation to batteries, electric vehicles and the metals that produce the motive power. Tesla's Elon Musk certainly garners far...Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) has been chosen by a French court to take over French speciality steelmaker Asco Industries (Ascometal), it said on Monday January 29.S+B will take over Ascometal's assets on Thursday February 1, with the exception of Ascoval, a joint venture between Ascometal and French tube & pipe producer Vallourec in Saint-Saulve i...Read More
Jan 31, 2018 Guest(s): Amir Adnani CEO, UEC; Chairman, GoldMining Inc. With the mounting global debt, rallying equities and political turmoil, it would be "absurd" not to be protected with gold, this according to Gold Mining CEO Amir Adnani. Speaking on the sidelines of the Vancouver Resource Investment Conference (VRIC), Adnani who previously said it was "crazy" not be in gold, has upped the an...Read More
Jan 30, 2018 Guest(s): Vince Lanci U.S. stocks and the dollar were down on Tuesday's session, but gold hasn't rallied on the news. Vince Lanci of Echobay Partners said that gold's failure to respond to the dollar signaled that the yellow metal was overbought the first time it rallied."Gold's underperformance, or not getting the message from the dollar today, is a red flag," Lanci told Kitco New...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) has been chosen by a French court to take over French speciality steelmaker Asco Industries (Ascometal), it said on Monday January 29.S+B will take over Ascometal's assets on Thursday February 1, with the exception of Ascoval, a joint venture between Ascometal and French tube & pipe producer Vallourec in Saint-Saulve i...Read More
Silver has often rebounded nearly 100% within 12-15 months afterContinue...Read More
There is more to excite the metals industry than the batteries boom, argues Lord Copper, with the global economy's gradual emergence from the 2008 recession boding well for metal demand. Talk to anybody about metals these days and they are almost guaranteed to turn the conversation to batteries, electric vehicles and the metals that produce the motive power. Tesla's Elon Musk certainly garners far...Read More
There is more to excite the metals industry than the batteries boom, argues Lord Copper, with the global economy's gradual emergence from the 2008 recession boding well for metal demand. Talk to anybody about metals these days and they are almost guaranteed to turn the conversation to batteries, electric vehicles and the metals that produce the motive power. Tesla's Elon Musk certainly garners far...Read More
There is more to excite the metals industry than the batteries boom, argues Lord Copper, with the global economy's gradual emergence from the 2008 recession boding well for metal demand. Talk to anybody about metals these days and they are almost guaranteed to turn the conversation to batteries, electric vehicles and the metals that produce the motive power. Tesla's Elon Musk certainly garners far...Read More
There is more to excite the metals industry than the batteries boom, argues Lord Copper, with the global economy's gradual emergence from the 2008 recession boding well for metal demand. Talk to anybody about metals these days and they are almost guaranteed to turn the conversation to batteries, electric vehicles and the metals that produce the motive power. Tesla's Elon Musk certainly garners far...Read More
There is more to excite the metals industry than the batteries boom, argues Lord Copper, with the global economy's gradual emergence from the 2008 recession boding well for metal demand. Talk to anybody about metals these days and they are almost guaranteed to turn the conversation to batteries, electric vehicles and the metals that produce the motive power. Tesla's Elon Musk certainly garners far...Read More