Workers at Freeport-McMoRan's (NYSE:FCX) Cerro Verde copper mine in Peru began Friday an indefinite strike over wages, adding pressures to a stressed global copper market already affected by stoppages at two of the world's biggest copper operations.Around 1,300 unionized miners downed tools at 7:30 am local time, demanding special benefit payments to protect their incomes against a downturn in the...Read More
Fruta del Norte, discovered in 2006, is one of the world's biggest recent gold findings. (Image courtesy of Lundin Gold)Ecuador is quickly gaining ground as a mining investment destination in Latin America thanks to a revised regulatory framework and a major investor engagement campaign that has already attracted around 420 applications for concessions in less than a year.Getting to this point, ho...Read More
Seven is a lucky number for some, but could be scary for the junior resource market according to Mercenary Geologist Mickey Fulp. In this interview with SmallCapPower at PDAC 2017, Mickey Fulp describes why he believes the Toronto Venture Exchange will defy history this year. He also admits to making several investing mistakes but says he's learned much from his experience, and even reveals his to...Read More
We learned from Scott Donaldson, Director and CEO of BMC (UK) Limited (PRIVATE:BMC), the parent company of BMC Minerals, that they started off as a strategic relationship between Global Natural Resources Investments (GNRI) and the management team. Their key asset, the Kudz Ze Kayah project (KZK) is a high-grade, moderate-sized VMS deposit in the southeast Yukon, which came with 20 years of environ...Read More
Telson Resources Inc. (TSX.V: TSN) is a Canadian-based junior resource company focused on the development towards production during 2017 of its advanced stage Tahuehueto gold-silver project in northwestern Durango State, Mexico. We learned from Ralph Shearing, who is president and secretary and director of Telson Resources, that they have recently published pre-feasibility study that shows very go...Read More
Investing.com - Gold prices fell to six-week lows on Friday, hovering below the psychologically important $1,200 mark as the strength of the U.S. dollar and growing expectations for a U.S. rate hike next week continued to weigh on the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.61% at $1,195.65, the lowest since January 31.T...Read More
I won't pretend Henry David Thoreau's writing thoroughly interests me, as much as I admire him. Truth be told, I find much of his work boring and wordy.His ideas on government however, are quite interesting, especially coming from someone of his time period. He is among the ranks of abolitionist thinkers, like Josiah Warren, who correctly see in direct slavery the same basic injustices a subject s...Read More
I won't pretend Henry David Thoreau's writing thoroughly interests me, as much as I admire him. Truth be told, I find much of his work boring and wordy.His ideas on government however, are quite interesting, especially coming from someone of his time period. He is among the ranks of abolitionist thinkers, like Josiah Warren, who correctly see in direct slavery the same basic injustices a subject s...Read More
Rio Tinto's (ASX, LON:RIO) chairman Jan du Plessis is stepping down in 2018, ending a run of more than eight years at the world's No. 2 miner, which is under scrutiny from international authorities over its former businesses in Guinea, Africa.He joins a growing list of chairmen who are leaving some of the world's top mining companies, including BHP's Jac Nasser and Anglo's John Parker.South Afric...Read More
* Dollar underpinned by rising yields as Fed hike looms* ECB holds rates, signals on stimulus due at news conference* Oil tries to regain footing after nasty spill, gold at 5-week low* World shares down for sixth day, longest run in over a yearBy Marc JonesLONDON, March 9 (Reuters) - World shares chalked up their longest losing streak in well over a year on Thursday as bets on rising U.S. interest...Read More
* Dollar underpinned by rising yields as Fed hike looms* ECB expected to stick with stimulus at policy meeting* Oil tries to regain footing after nasty spill, gold at 5-week low* World shares down for sixth day, longest run in over a yearBy Marc JonesLONDON, March 9 (Reuters) - World shares chalked up their longest losing streak in well over a year on Thursday as bets on rising U.S. interest rates...Read More
Investing.com - Gold futures extended a slump into an eighth consecutive session Thursday, sending the yellow metal to the lowest level since the start of February amid increasing confidence the Federal Reserve will raise interest rates at its upcoming policy meeting next week.Comex gold futures touched a session low of $1,203.50 a troy ounce, a level not seen since February 1. It was last at $1,2...Read More
(Adds company news item, updates futures)March 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 21 points at 7,314 on Thursday, according to financial bookmakers, with futures FFIc1 down 0.5 percent ahead of the cash market open.* SHELL: Royal Dutch Shell RDSa.L has agreed to sell most of its Canadian oil sands assets for $7.25 billion to Canadian Natural CNQ.TO , the company said...Read More
March 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 21 points at 7,314 on Thursday, according to financial bookmakers.* BT GROUP-RIO TINTO: Rio Tinto RIO.L Chairman Jan du Plessis is set to step down and take up the chairmanship of BT Group Plc BT.L , with the announcement to be made by Britain's top mobile and broadband operator on Thursday, the Financial Times reported. BHP...Read More
* Dollar gains after ADP report raises Fed hike bets* Wall Street pressured by slumping oil overnight* Toshiba skids, Nintendo gains on Switch hopesTOKYO, March 9 (Reuters) - Japan's Nikkei share average rose on Thursday, benefitting from a weaker yen after the dollar gained when U.S. jobs data cemented expectations the U.S. Federal Reserve is poised to raise interest rates next week.The Nikkei .N...Read More
(Repeats story published earlier with no changes to text.)* Nearly 3.5 mln T of capacity on maintenance in March -Citi* Low fees could shrink refined copper supplies, underpin prices* Traders redirecting copper shipments among Asian portsBy Melanie BurtonMELBOURNE, March 8 (Reuters) - Spot processing fees in Asia for copper concentrate have slid to their cheapest in four years as shutdowns at the...Read More
CENTENNIAL, Colo., March 9, 2017 - Uranium Resources, Inc. (Nasdaq: URRE; ASX: URI), an energy metals exploration and development company, announced that President and Chief Executive Officer Christopher M. Jones will be presenting at the 29th Annual ROTH Conference in Dana Point, California at 10:30 a.m. Pacific Time on Wednesday, March 15, 2017. The ROTH Conference is organized by ROTH Capital...Read More
The FBI: The Silent Terror Of The Fourth Reich … Lately, there's been a lot of rhetoric comparing Donald Trump to Adolf Hitler. The concern is that a Nazi-type regime may be rising in America … That process, however, began a long time ago. … In fact, following the second World War, the U.S. government recruited Hitler's employees, adopted his protocols, embraced his mindset about...Read More