The head of China's second-largest copper refiner is sounding a bearish note on the red metal, even as the country is targetting higher economic growth.Interviewed by Bloomberg on Sunday, Jiangxi Copper Co. Chairman Li Baomin predicted copper will average 45,000 (US$6,524) to 46,000 (US$6,673) Chinese yuan per ton in 2017, down from an average 47,513 yuan (US$6,892), year to date. Chairman Li ci...Read More
Figure 1: Pure (99.9 %) cobalt chips, electrolytically refined. Source: Wikipedia image commonsBy Sam BroomYou've probably given little thought to a perennially overlooked metal called cobalt, even though chances are you're reading this very article on a device powered by a battery containing a significant proportion of the metal.I'm going to spend most of this article outlining an emerging narrat...Read More
Canada has decided to extend the Mineral Exploration Tax Credit, which was ending on March 31, for a full extra year, the country's natural resources minister announced Sunday evening.Speaking to media attending the 85th version of the Prospectors & Developers Association of Canada's (PDAC) International Convention in Toronto, minister Jim Carr said the 15% mineral exploration tax credit is inten...Read More
Logan Resources Ltd. (TSX.V: LGR) is a junior exploration company in the business of acquiring and advancing mineral properties. We learned from Mark Morabito, CEO and Director of Logan Resources, that all of the company's projects are located in Nevada and Utah. Logan's focus is on actively exploring nine gold properties that are under option agreement from Pilot Gold Inc., earning a participatin...Read More
David Cole, President and CEO of Eurasian Minerals TSX-V: EMX updates us on the Eurasian royalty generation business model. Eurasian acquires prospective mineral rights around the world and adds value through the geological process, and then sells those properties keeping a royalty. They have promising portfolios in Russia, Arizona and Northern Europe. Eurasian has a strong management team, with e...Read More
Investing.com - Gold prices were higher during European morning hours on Monday, starting the week off with gains as demand for safe-haven assets was boosted amid news of North Korea's firing of four ballistic missiles.Comex gold futures tacked on $6.95, or about 0.6%, to $1,233.45 a troy ounce by 3:15AM ET (08:15GMT). The precious metal fell to $1,223.00 on Friday, the lowest since February 15.Sp...Read More
CENTENNIAL, Colo., March 6, 2017 - Uranium Resources, Inc. (Nasdaq: URRE; ASX: URI), an energy metals development company, announced today that it has completed certain key activities in support of ongoing work at the Columbus Basin Project, including the acquisition of geophysical data from a major mining company and the submittal of two water rights applications to the State of Nevada.Chris Jone...Read More
Warning: Spoiler Alert.It is a cross between The Stepford Wives and A Clockwork Orange, with a touch of Inception; last night my friend Amuon took me to see a movie called "Get Out."I hadn't heard of it, and went into the theater completely blind to the fact that I would be watching the most genius and entertaining piece of propaganda I have ever seen. I loved it.First and foremost I was entertain...Read More
SHANGHAI, Mar 6 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightWith the US dollar hovering around the 90 level as the trade war simmers, base metals saw mixed trading. SHFE aluminium inched up, LME copper and tin rose slightly, while both SHFE and LME zinc dropped some 2% due to the jump in inventories.The Sentix investor confidence in...Read More
SHANGHAI, Mar 6 (SMM) –Copper: We see an upward room in copper prices as downstream consumption continues to recover and sellers are keen to destock. LME copper is expected to trade at $6,890-6,970 mt with SHFE at 52,000-52,700 yuan/mt today.Aluminium: LME aluminium is facing increasing downward pressure but support was seen at the five-day moving average. We expect it to trade at $2,135-2,1...Read More
Warning: Spoiler Alert.It is a cross between The Stepford Wives and A Clockwork Orange, with a touch of Inception; last night my friend Amuon took me to see a movie called "Get Out."I hadn't heard of it, and went into the theater completely blind to the fact that I would be watching the most genius and entertaining piece of propaganda I have ever seen. I loved it.First and foremost I was entertain...Read More
Production is declining and miners aren't replacing reserves, these were two issues discussed between Kitco News' Daniela Cambone and Exploration Insights' Joe Mazumdar during the PDAC convention in Toronto. "If gold price stays at $1,250 and people continually book reserves at $1,250, there's not a lot of projects that make sense at that price," he said. "Hence, we've seen a lot of reserves go do...Read More
Provided to YouTube by The Orchard EnterprisesAndrew Jackson ? Joe ZimmermanSmiling at Wolves?,, 2014 Comedy Dynamics, A Nacelle CompanyReleased on: 2014-01-28Music Publisher: Comedy Dynamics, A Nacelle CompanyAuto-generated by YouTube.Read More
A prospective copper-gold mine in south-central British Columbia has been handed a setback by local First Nations who oppose the project.An environmental review panel led by the Stk'eml??psemc te Secw?(C)pemc and the Tk'emlups had been deliberating the pros and cons of the controversial $1.3-billion mine, located on the outskirts of Kamloops, for the past few months. On Saturday, in a 200-per...Read More
The Prospectors & Developers Association of Canada's (PDAC) International Convention, one of the world's leading minerals and mining events, kicked off Sunday amid increased optimism in the global industry.Now in its 85th year, this annual event brings together the industry from around the world to downtown Toronto. More than 22,000 attendees from 125 countries were represented in 2016, with simi...Read More
Investing.com - Gold prices fell on Friday and posted the largest weekly loss of 2017 so far amid growing expectations that the Federal Reserve will raise interest rates later this month.Gold for April delivery settled down 0.52% at $1,225.5 on the Comex division of the New York Mercantile Exchange, having touched its lowest since February 15 at $1,222.9 earlier. Gold finished the week down 2.5%.G...Read More
Biologists Warn Half of All Species to Face Extinction by 2100 ... Today, 20 percent of all species are at risk of being wiped out, scientists at a Vatican conference on biodiversity warn, and that number may rise to nearly 50 percent by the end of the century. "The living fabric of the world [...] is slipping through our fingers without our showing much sign of caring," warned the conference...Read More
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