South Africa's Sibanye Gold (JSE:SGL) (NYSE:SBGL) is actively considering acquisitions as the miner seeks to take advantage of its strong current position and the weakness of most competitors.The company's shares have performed exceptionally so far this year. They are up 55% in Johannesburg and 46% in New York, after hitting a record intraday high on Jan. 28, helped in part by a weak rand that has...Read More
Canada's Royal Nickel Corp RNX.TO, capitalizing on discount asset prices as commodity markets swoon, announced two cash and stock acquisitions on Monday that transform the mine developer into a cash-generating nickel, copper and gold producer.Royal Nickel Chief Executive Mark Selby said the company will acquire a 67 percent stake in Australia's privately-held Salt Lake Mining Pty, in a deal worth...Read More
Toronto Ontario, Feb 1, 2016 - Nautilus Minerals Inc. (TSX:NUS, OTCQX:NUSMF, OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) has taken delivery of the three Seafloor Production Tools ("SPTs") from Soil Machine Dynamics Limited's ("SMD") facility in Newcastle upon Tyne.The three...Read More
Beleaguered Anglo American (LON:ALL) is said to be planning a complete exit from Brazil, where the company has already put its $1 billion niobium and phosphate business up for sale.First-round bids for those assets are due on Feb. 15, date that - reports local newspaper O'Globo (in Portuguese) - may bring some major surprises. According to veteran columnist Angelmo Gois, Anglo is also seeking to s...Read More
Courtesy of: Visual CapitalistClick here for a larger version of this infographic.In the past, we've published visuals of the biggest public companies in each U.S. state, as well as the largest oil and gas companies in the world.Today's post, however, shows the largest companies by revenue in each U.S. State. (Note: the graphic says 2015 revenue, but we believe it meant to say 2014 revenue as many...Read More
Dr. Thomas Hillig, CEO of THEnergy, participated in and presented at the Energy and Mines Summit that took place in London on January 28 and 29, 2016. More than 200 delegates from the mining, renewable energy and finance sectors attended this event. THEnergy is a German-based consulting company specializing in renewable energy solutions for the mining industry, and it tries to bridge the gap betwe...Read More
Federal Reserve: Credibility on the line … Sam Fleming in Washington … Last month's rate rise is drawing criticism. Some say it should abandon plans to increase again soon … While economists are almost equally divided on whether Federal Reserve chair Janet Yellen will raise U.S. interest rates this week, the bond market suggests policy makers will wait. – Financial...Read More
'This was all planned': Former IG says Hillary, State Dept. are lying … The State Department is lying when it says it didn't know until it was too late that Hillary Clinton was improperly using personal e-mails and a private server to conduct official business — because it never set up an agency e-mail address for her in the first place, the department's former top watc...Read More
Federal Reserve: Credibility on the line … Sam Fleming in Washington … Last month's rate rise is drawing criticism. Some say it should abandon plans to increase again soon … While economists are almost equally divided on whether Federal Reserve chair Janet Yellen will raise U.S. interest rates this week, the bond market suggests policy makers will wait. – Financial...Read More
'This was all planned': Former IG says Hillary, State Dept. are lying … The State Department is lying when it says it didn't know until it was too late that Hillary Clinton was improperly using personal e-mails and a private server to conduct official business — because it never set up an agency e-mail address for her in the first place, the department's former top watc...Read More
At this year's Vancouver Resource Investment Conference (VRIC), John Kaiser of Kaiser Research stopped by to chat about some of the junior mining companies on his watch list. Interestingly, he noted that one third of the companies at VRIC also make up one-third of the 100 companies on his latest Bottom Fish report, assembled at the end of 2015."This is the cream of the crop assembling into this pl...Read More
Allan Sherman - You Went The Wrong Way Old King LouieRead More
Tiny Aston Bay Holdings (BAY-V), a junior with a copper-zinc project in Nunavut, seized the market's attention today by announcing a preliminary joint-venture deal with the world's largest mining company.According to the exclusive letter of intent, BHP Billiton would pay a minimum of $40 million in exploration expenditures over 9 years - including $2.5 million within 2 years of signing a final d...Read More
My good friend Albert Lu, host of "The Economy" podcast guest hosts this episode for me and does a bang-up job!Albert was the person who got me into podcasting, so he's the Obi Wan to my Anakin...or something. Enjoy, and check out his work at www.powerandmarket.com.PodcastRelease date:25 October 2015Read More
The weekly issue of the Short Seller's Journal has been released this afternoon. This is my best issue yet and includes an options trading resource (emailed separately). I have identified a short-sell idea that takes advantage of a highly leveraged company exposed to a highly cyclical industry and has significant exposure to subprime counterparty risk. I also have a leveraged energy sector...Read More
This video is about Famous Geraldo Skinhead Brawl.Read More
Teck Metals Ltd. is expected to be hit with substantial fines after the company admits in court next week to causing pollution in Trail, in southeast B.C.The provincial court registry shows Teck, which operates the largest lead-zinc smelter in the world in the small town on the banks of the Columbia River, intends to plead guilty Monday to 15 charges.The charges, which follow an investigation by E...Read More
Brent Cook of Exploration Insights spoke to the Investing News Network at this year's Vancouver Resource Investment Conference about what he expects from the mining and metals markets over the company year. Overall, Cook was fairly optimistic, stating that he thinks 2016 will do "alright," but that we're "setting ourselves up for the up-part of the mining boom and bust cycle.""We're into the bust,...Read More