You are about to embark on a journey with The Daily Bell as we shift gears, and cruise down the open road towards freedom.You will still receive relevant daily news insights. And don't worry, we will still be unabashedly biased towards libertarian ideals of freedom.There are a lot of roadblocks for the freedom lover, and it is important to keep those in mind. The Daily Bell will always be here to...Read More
Nealite [Pb4Fe(AsO3)2Cl4 ?2H2O] From an ancient slag site in Greece, formed by slag meeting seawater. Credit RRUFF.For the first time more than 200 mineral species has been identified that originated either principally or exclusively due to human activities - primarily as a result of mining.The study led by Robert Hazen of the Carnegie Institution for Science published by American Mineralogist bo...Read More
In New York on Wednesday copper for delivery in May gained for the fourth day in a row, jumping 2% to hit a day high of $2.7685 per pound or $6,103 a tonne as a return to production at two top mines - combined responsible for some 8% of global output - looks increasingly doubtful in the near term. Copper is trading around levels last seen late May 2015 with year-to-date gains of close to 10%....Read More
Workers at the BHP Billiton's (ASX, NYSE:BHP) (LON:BLT) Escondida mine in Chile, the world's biggest copper mine, blocked several access roads Wednesday as they complete their third week of strike, triggering violent confrontations with police.The group of protesters illegally set barricades on the main roads to the mine and set tires on fire, which eventually cause police intervention, AFP re...Read More
Newmont Mining Corp's (NYSE:NEM), the world's 2nd largest gold producer by output, is open to bringing a new partner into a project to expand its Yanacocha mine in Peru, South America's largest gold operation, which is nearing the end of its life.The Denver-based miner, which is working with its current partner Buenaventura on a possible project to extend Yanacocha's life to 2025, said it is als...Read More
The expected copper shortage has slowly crept up on the world earlier than previously predicted. Citi analysts reported the copper supply deficit will move into 2017, a supply problem that hasn't lifted the commodity in more than six years. The price of the red metal has risen by 30% over the past twelve months, which analysts believe is linked to the continuous growth in demand from China as well...Read More
Aben Resources Ltd. (TSX-V: ABN) is a Canadian gold exploration company, currently focused on its option to acquire a 100% interest in the Forrest Kerr Gold Project, located in northwestern BC in a region called the Golden Triangle. This region has hosted significant mineral deposits including: Pretium (Brucejack), Eskay Creek, Snip, Galore Creek, Copper Canyon, Schaft Creek, KSM, Granduc, Red Chr...Read More
Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) is an exploration stage silver company focused in Canada, particularly in the high-grade, historic Keno Hill silver district. Greg Johnson CEO and Chairman and Chris Ackerman Corporate Communications of Metallic Minerals believe that the district remains significantly under-explored with excellent upside for future discovery. The company's core p...Read More
* STOXX 600 ends up 1.5 percent* Banks top sectoral gainer on U.S. rate hike prospects* Builder CRH (LON:CRH) helps lift sector index to 10 year high* Basic resources, defence stocks also in demand (Adds details, closing prices)By Danilo MasoniMILAN, March 1 (Reuters) - European shares climbed to 15-month highs on Wednesday, with banks and construction stocks leading the rally on renewed optimis...Read More
What's the Perfect Market Cap for Mining Companies (Exploration)?Hear what Nick @MiningBookGuy @TheNextBigRush and @Fi_Fighter have to say on what sort of market caps are interesting for exploration companies in the junior mining sector.Should you invest alongside Ross Beaty, Rick Rule, Frank Giustra and other heavyweights? Should you wait until a JV with Barrick, Goldcorp and Newmont?Or is it bet...Read More
SHANGHAI, Mar 1 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightAs the US dollar continued to go up, with the dollar index hitting a post-Chinese New Year high at 90.62, and China’s manufacturing purchasing managers’ index (PMI) failed to meet expectations, we saw a big slump in base metals futures except for SHFE alumi...Read More
SHANGHAI, Mar 1 (SMM) -Copper: LME copper lost support at the $7,000/mt level and SHFE copper fell to a low of 52,380 yuan/mt overnight as the US dollar remained strong. With pressure on base metals, we see copper staying rangebound in the short term with possible upward room in the medium term. We expect LME copper to trade at $6,900-6,970/mt and the SHFE 1804 contract to trad...Read More
The sharp downturn in seaborne coking coal prices has continued during the past month.Australian export prices have retreated by a further 15% (or roughly $25/tonne at the time of writing in late February), to under $155/tonne FOB. This is $130/tonne below the first quarter contract prices settled between Glencore and NSSMC in mid-December, when spot prices were closer to $300/tonne FOB. Based on...Read More
The sharp downturn in seaborne coking coal prices has continued during the past month.Australian export prices have retreated by a further 15% (or roughly $25/tonne at the time of writing in late February), to under $155/tonne FOB. This is $130/tonne below the first quarter contract prices settled between Glencore and NSSMC in mid-December, when spot prices were closer to $300/tonne FOB. Based on...Read More
The sharp downturn in seaborne coking coal prices has continued during the past month.Australian export prices have retreated by a further 15% (or roughly $25/tonne at the time of writing in late February), to under $155/tonne FOB. This is $130/tonne below the first quarter contract prices settled between Glencore and NSSMC in mid-December, when spot prices were closer to $300/tonne FOB. Based on...Read More
The sharp downturn in seaborne coking coal prices has continued during the past month.Australian export prices have retreated by a further 15% (or roughly $25/tonne at the time of writing in late February), to under $155/tonne FOB. This is $130/tonne below the first quarter contract prices settled between Glencore and NSSMC in mid-December, when spot prices were closer to $300/tonne FOB. Based on...Read More
Link: Legend of Zelda... A short film/trailer of what could be a feature length film.Premise:Link wakes up in the woods after years of wandering, in search of something unknown to him after all this time.It is there he has a dream which speaks of what he is to do, and of what he has already done.In the dream he is told what lies ahead, what he must do to truly become the person he is meant to be.T...Read More
Scientists have discovered why some of the richest ore deposits on the planet, such as copper, zinc, silver and uranium, were formed in the middle period of Earth's history.A team of scientists from the University of Tasmania and University of California, led by Emeritus Professor Ross Large from the ARC Centre of Excellence in Ore Deposits (CODES), has shown that the rise of oxygen in the atmosph...Read More
Canada's British Columbia and the Territories are the country's mining districts where it takes the longest to obtain exploration permits, a new report released Tuesday shows.According to a survey of mining executives by policy think-tank the Fraser Institute, while Canadian provinces and territories fared well compared to international competitors in terms of issuing permits in a timely manner, s...Read More