Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Brazilian prosecutors said Anglo American's (LON:AAL) sale of its 70% stake in the Amap?? iron ore operation in Brazil to Swiss group Zamin Ferrous in late 2013 was full of irregularities, suggesting the miner offloaded the asset to avoid paying for environmental damage caused by it.In March that year, the company had to halt shipments from Amap??, located in the namesake state in northern Brazil,...Read More
Over 1,000 miners at Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) Beatrix gold mine in South Africa were trapped underground as a result of a storm that knocked out power on Wednesday night.Storm knocked out power on Wednesday night, preventing evening shift workers from exiting the mine.Spokesman James Wellsted told Eye Witness News that sixty-four workers had been rescued overnight, but over 900 oth...Read More
The decarbonization of the transport industry played a huge part in the precious metals story in 2017 when palladium exceeded platinum for the first time in 16 years, Hunter Hillcoat told Metal Bulletin.Investec topped the Apex 2017 price prediction table for both the precious metals (97.9% accuracy) and iron ore categories (90.7% accuracy). "2017 was a good year for precious metals all in all but...Read More
Prices in the physical iron ore market were rangebound on Thursday February 1 amid uncertainties over Chinese policies aimed at cutting emissions.Key driversTalk that emerged a day earlier about the possibility of an extension of restrictions on blast furnace operating rates until May 15 in China's top steelmaking province of Hebei continued on Thursday.But according to the province's official mic...Read More
The seaborne coking coal market held steady on Thursday February 1 after a cargo fetched a higher price earlier this week and the flurry of transactions last week. Offer prices for premium low-vol materials were reported to be firm at around $220 per tonne cfr China, though there was no buying interest heard at this level. China's domestic coking coal prices are firm this week amid tight supply, s...Read More
Key data from the Wednesday January 31 pricing session in Europe:Germanium Metal Rotterdam $/kg Key drivers: - An operation disruption at Teck's Trail Operations in January continues to drive prices higher - Production shutdowns in China's Nanjing and Yunnan provinces...Read More
Base metals prices on the London Metal Exchange are struggling to extend gains and are consolidating in high ground this morning, Thursday February 1. Copper ($7,073 per tonne), zinc, aluminium and nickel prices are off between 0.2% and 0.4%, while lead and tin prices are up by 0.2% and 0.1% respectively.Volume has been below average with 6,950 lots traded as of 07.07 am London time. This follows...Read More
China's ferrous futures had little movement during morning trading on Thursday February 1 following talk about the possible extension of steelmaking restrictions in Hebei province.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,952 yuan ($627) per tonne, down 1 yuan per tonne May hot rolled coil: 3,979 yuan per tonne, up 9 yuan per tonne Dalian Commodity Exchange Ma...Read More
http://www.cbc.ca/news/canada/saskatoon/Future of Creighton, Sask.’s main industry ‘up in the air,’ according to longtime Mayor Bruce FidlerAn agreement between the Saskatchewan and federal governments worth approximately $2 million will aim to help junior mining companies in their exploration of northern Saskatchewan and Manitoba. The agreement was signed in December 2017.The fu...Read More
China's currency appreciation and rising nickel prices fueled gains in East Asia's stainless steel market over the past week.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,300 per tonne cif East Asian ports for the week ended Wednesday January 31, up $100-150 per tonne from $2,100-2,200 per tonne cif a week earlier.Metal Bulletin's assessment of...Read More
As China's copper smelters are looking to import more blister copper, an intermediate product of refined copper production, to fill the supply gap arising from the drastic drop in the scrap import quota this year, Metal Bulletin is looking to provide regular trackers on the refining charges (RCs) of the increasingly popular product. For the first 11 months 2017, China had imported 731,339 tonnes o...Read More
Feb 01, 2018 Guest(s): Adrian Day Gold stocks are undervalued relative to physical gold, said Adrian Day, president of Adrian Day Asset Management."[Gold stocks] have lagged, not just in the last six months, but they've lagged in the last several years," Day told Kitco News on the sidelines of the Vancouver Resource Investment Conference."To me, the bigger question is less of timing and more of...Read More
Feb 02, 2018 Guest(s): Gabriel Khan Product Manager, Royal Canadian Mint It has been 30 years since the Silver Maple Leaf was first issued, and the Royal Canadian Mint has produced a special edition of the coin for its 30th anniversary. "We've paid homage to the Silver Maple Leaf and we've come up with a special design for it," said Gabriel Khan, Product Manager for the Royal Canadian Mint.Like...Read More
Russian President Vladimir Putin is scheduled to participate in the grid connection today of the country's latest reactor - unit 4 of the Rostov nuclear power plant, which is near the city of Volgodonsk. The Kremlin announced Putin's working visit to Rostov would include a video conference broadcasting the milestone at the plant.Rosatom's director-general, Alexey Likhachov (centre), at the Rostov...Read More
Topics:01:35 Trump presidency merging state and corporate powers11:25 Potential of war with North Korea and Iran19:00 The death of the petrodollar and the aftermath21:15 Cryptocurrencies and Blockchain democracy28:35 Cannabis legalization progress and insights31:15 Where to find out more from Gerald CelenteGerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. H...Read More
Click Here to Listen to the InterviewFormer Goldman Sachs, senior technical analyst, Charles Nenner of Charles Nenner Research Center, rejoins the show.As long as the Dow Jones Industrials Average maintains support above 23,000, the remarkable multi year share rally should continue.Their proprietary software yields precise price entries / exits for gold.2018 could be a spectacular year for the PMs...Read More
This week, Eric Sprott gives his take on the latest US jobs report and the impact it is having today on precious metal prices. He also discusses the latest charges of bank price manipulation in gold and silver.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's larges...Read More
In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on Donald Trump and the Deep state with an interview with the former Presidential candidate and congressman Ron Paul and Journalist Andrew Meyer. This as the president faces off against the FBI and the release of the FISA memo. Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for presid...Read More
The most famous libertarian alive, Ron Paul, will not be allowed to speak at the Libertarian National Convention.Continue...Read More