El Morro and Relincho projects are located approximately 40 km apart in Chile's Atacama region. (Image from archives)Canadian mining giants Goldcorp (TSX:G), (NYSE:GG) and Teck Resources (TSX:TCK.A & TCK.B) (NYSE:TCK) have finished combining their respective El Morro and Relincho projects in Chile.The projects, located approximately 40 kilometres apart in Chile's copper-rich Atacama region, are...Read More
The Fed is About to Make Life Harder For Big Banks … It's considering changes to its annual stress test. The Federal Reserve administers stress tests to the largest U.S. banks each year to see how they would fare in a hypothetically turbulent economy. The regulator is expected to make those tests more difficult to pass. No changes have officially been proposed but, as the New York Times...Read More
NATO urges calm after Turkey downs Russian jet … NATO and UN urge a de-escalation in tensions between Ankara and Moscow after Turkish planes shot down Russian jet. … NATO has called on Turkey and Russia to show restraint as tensions rise in the wake of the downing of a Russian jet near the Turkey-Syria border. The Russian warplane was shot down for violating Turkish airspace on Tuesday...Read More
The Fed is About to Make Life Harder For Big Banks … It's considering changes to its annual stress test. The Federal Reserve administers stress tests to the largest U.S. banks each year to see how they would fare in a hypothetically turbulent economy. The regulator is expected to make those tests more difficult to pass. No changes have officially been proposed but, as the New York Times...Read More
NATO urges calm after Turkey downs Russian jet … NATO and UN urge a de-escalation in tensions between Ankara and Moscow after Turkish planes shot down Russian jet. … NATO has called on Turkey and Russia to show restraint as tensions rise in the wake of the downing of a Russian jet near the Turkey-Syria border. The Russian warplane was shot down for violating Turkish airspace on Tuesday...Read More
Al Korelin talks with Jay about his radio program and website with podcasts, explains what the goal is for KEReports.com and talks about some of the guests.Read More
Study shows copper price fall matches previous down-cycles going back to 1975, but expect a long painful slog before a sustained recoveryIt's been a brutal November for copper which despite a nice bump on Tuesday is down more than 10% during the month.In New York on Tuesday copper gained 2.5% to $2.06 a pound after coming dangerously close to dropping through $2.00 on Monday, the lowest since Mar...Read More
Illegal mine in Colombia's Choco province. (Image from archives)A sudden boom in illegal gold mining in Colombia is fuelling human trafficking and forced labour in and around mines loosely connected to paramilitary groups, drug traffickers and leftist guerrillas, according to Aljazeera.In an in-depth report, the news outlet reveals that small-scale miners are being forced out at gunpoint or extort...Read More
Chile's Escondida, the world's largest copper-producing mine. (Image courtesy of BHP Billiton)More than 18,600 km from Beijing, in copper-rich northern Chile, beleaguered miners are barely coping with the impact of China's economic slowdown.The situation is worse than many think, according to the country's mining industry group Consejo Regional Minero de Coquimbo (Corminco), which represents some...Read More
What percent of Canada's minerals are produced in Manitoba? How much mineral potential does the province have?Learn about this, as well as mining's contributions to Manitoba in wealth and safety.Courtesy of: Visual CapitalistPresented by: Mining Association of ManitobaMining in Manitoba had humble beginnings. Settlers of the province needed non-metallic raw materials, and began to extract salt fro...Read More
Fed to hike at every meeting in 2017 … RBC chief economist Tom Porcelli forecasts … Markets are indicating about a 75 per cent chance of a US rate increase next month, the first in almost a decade. An interest rate increase by the United States Federal Reserve on December 16 is almost a "foregone conclusion" and the central bank looks set to lift rates at every second meeting...Read More
More than 30 "White Student Union" pages created on Facebook in last week … The creation of an "Illini White Student Union" Facebook page that surfaced Nov. 18 in response to a "Black Student Solidarity Rally" at the University of Illinois at Urbana-Champaign gained national attention, but apparently it's just the tip of the iceberg. Over the last week, at l...Read More
Fed to hike at every meeting in 2017 … RBC chief economist Tom Porcelli forecasts … Markets are indicating about a 75 per cent chance of a US rate increase next month, the first in almost a decade. An interest rate increase by the United States Federal Reserve on December 16 is almost a "foregone conclusion" and the central bank looks set to lift rates at every second meeting...Read More
More than 30 "White Student Union" pages created on Facebook in last week … The creation of an "Illini White Student Union" Facebook page that surfaced Nov. 18 in response to a "Black Student Solidarity Rally" at the University of Illinois at Urbana-Champaign gained national attention, but apparently it's just the tip of the iceberg. Over the last week, at l...Read More
Large scale futures investors like hedge funds or so-called managed money have entered an unprecedented bearish position towards commodities markets.According to the Commodity Futures Trading Commission's weekly Commitment of Traders data, five weeks of selling has seen 13 of the 24 commodities tracked pushed into net short positions.Those include the major commodities like crude oil, gasoline, go...Read More
The expansion of the definition of indigenous communities' benefited Quechua-speaking highland groups.A recent decision by Peru's government to require mining companies to carry out prior consultation with indigenous communities is set to further complicate the investment climate at a time when the sector is struggling as a result of low prices and a slowdown in investment. On 12 November, Deputy...Read More
Immersive Technologies has been providing analytics and reporting to identify operator training needs tied directly to Los Bronces site objectives. This in turn provided focus for simulator based training activities which precisely targeted and closed performance gaps. The site has had early reports of 25% reduction in body up ground speeds, 60% reduction in overspeeds and 62% reduction in service...Read More
After five trying years, RAB Capital Founder and President Philip Richards sees the light at the end of the tunnel. In this interview with The Gold Report, he argues that a continued zero-interest-rate policy from the Fed will be good for gold and silver, while continued quantitative easing will be good for base metals. Many fine mining companies now trade at deep discounts relative to their NPVs,...Read More
Doctor copper, can no longer be viewed as a leading indicator, in fact, a name change might be in order. A change of name from Dr Copper to deadbeat copper might in order, given its dismal record over the years. After the financial crisis of 2008-2009, the economy, the stock markets and copper parted ways; while the markets and the economy trended higher, copper plunged into an abyss, and it is...Read More