Glencore's CEO Ivan Glasenberg is trying hard to reassure nervous investors and creditors that the company can cope with its hefty debt load amid the latest commodities rout.Shares in debt-laden Glencore (LON:GLEN) climbed on Wednesday after the mining and commodities giant said it is turning it around faster than expected following a series of asset sales, production cuts, and a key silver strea...Read More
Image of workers at GJ property from Skeena Resources.Skeena Resources Limited (TSX.V: SKE) ("Skeena" or the "Company") is pleased to announce that it has completed its previously announced acquisition of a 100% interest in the GJ property (the "GJ Property") from majority owner Teck Resources Limited (TSX: TCK) ("Teck") and its 49% joint venture partner, NGEx Resources Inc. (TSX: NGQ) ("NGEx"). T...Read More
IMF signals renminbi set for inclusion in SDR basket … International Monetary Fund representatives have told China that the renminbi is likely to join the fund's special drawing rights (SDR) basket of reserve currencies … The renminbi's inclusion in the SDR basket will help spur China to accelerate financial reforms and economic opening up and catalyze yuan liberalization, acco...Read More
Obama weighs expanding background checks through executive authority … Speaking at the White House on Thursday evening, a visibly frustrated and emotional President Obama remarked on the deadly shooting at a community college in Oregon … In response to the latest mass shooting during his presidency, President Obama is seriously considering circumventing Congress with his executive auth...Read More
IMF signals renminbi set for inclusion in SDR basket … International Monetary Fund representatives have told China that the renminbi is likely to join the fund's special drawing rights (SDR) basket of reserve currencies … The renminbi's inclusion in the SDR basket will help spur China to accelerate financial reforms and economic opening up and catalyze yuan liberalization, acco...Read More
Obama weighs expanding background checks through executive authority … Speaking at the White House on Thursday evening, a visibly frustrated and emotional President Obama remarked on the deadly shooting at a community college in Oregon … In response to the latest mass shooting during his presidency, President Obama is seriously considering circumventing Congress with his executive auth...Read More
Nov 5 - Jeb Handwerger explains recent developments in the lithium space, including Tesla and the wider adoption of lithium powered batteries by other... http://www.financialsense.com/subscribeRead More
Calvin Klein is an award-winning fashion icon. He is recognized globally as a master of minimalism and has spent his career distilling things to their very essence. His name ranks among the best-known brands in the world, with Calvin Klein, Inc. reaching over seven billion dollars in global retail sales. Klein studied at the School of Art & Design and Fashion Institute of Technology in New York. A...Read More
Chile's state-owned copper giant Codelco's announcement today of another round of layoffs is just the latest sign of an industry under stress. Copper has recovered from six-year lows struck late August on the back of supply cuts by major producers but at around $2.30 a pound or $5,000 per tonne on Tuesday there isn't much breathing room for producers.The latest estimates by the Lisbon-based Intern...Read More
Silver Wheaton (NYSE:SLW) announced on Tuesday a deal to acquire a portion of future silver output from Glencore's (LON:GLEN) Antamina copper mine in Peru for $900 million cash.As part of the streaming deal, Silver Wheaton will make ongoing payments of 20% of the spot price for silver for every ounce of metal delivered.Silver Wheaton will receive from Glencore an amount equal to 33.75% of the Anta...Read More
Codelco's chief executive Nelson Pizarro says the "painful, but necessary" move has not affected production.Codelco's chief executive Nelson Pizarro is following through with his promise of cutting costs "to the bone" as the Chile-owned miner announced it has cut almost 3,900 jobs, including contractors, in response to low prices and weak demand.Until now, the world's top copper producer had only...Read More
Construction at Eldorado's Skouries gold and copper mine.**UPDATED**Shares in Canada's Eldorado Gold (TSX:ELD) (NYSE:EGO) spiked Monday and were trading around 3.7% higher mid-day in Toronto yesterday, after Reuters reported that Greece's top administrative court had annulled a government decision that suspended the miner's operations in the country's north.The news were later denied by the co...Read More
What if you could tell before a press release comes out that a company is poised to be bought out, possibly at a nice premium? Sounds good, right? By watching historic patterns, that might just be possible. The Gold Report reached out to experts who have been around through enough cycles to know and asked for the clues they watch that an acquisition might be imminent. From location and early inves...Read More
India Banks Are Finally Looking Better, And So Is Their Economy … Moody's raised national banks credit outlooks to stable from negative. Nonperforming loans on the books of Indian banks are showing signs of improvement, and so is the nation's economy. Despite some much publicized disses of the Indian investment story, mainly from emerging market commodity guru Jim Rogers, India...Read More
Florida medical pot law misses deadline, nearly a year behind … Almost a year-and-a-half since Gov. Rick Scott and state lawmakers legalized a form of medical marijuana, the latest deadline for making it available to Floridians has gone up in smoke. Again. – MyPalmBeachPostDominant Social Theme: Say, it seems like there's a lot of pushback against any kind of cannabis legalization....Read More
India Banks Are Finally Looking Better, And So Is Their Economy … Moody's raised national banks credit outlooks to stable from negative. Nonperforming loans on the books of Indian banks are showing signs of improvement, and so is the nation's economy. Despite some much publicized disses of the Indian investment story, mainly from emerging market commodity guru Jim Rogers, India...Read More
Florida medical pot law misses deadline, nearly a year behind … Almost a year-and-a-half since Gov. Rick Scott and state lawmakers legalized a form of medical marijuana, the latest deadline for making it available to Floridians has gone up in smoke. Again. – MyPalmBeachPostDominant Social Theme: Say, it seems like there's a lot of pushback against any kind of cannabis legalization....Read More
The copper price is having a torrid 2015 as economic news out China continues to rattle investors and bears discount any positive developments from the world's number one consumer of the metal.The release of China's commodity-friendly five-year plan through 2020 released last week has done little to lift sentiment and even a stronger-than-expected reading of Chinese manufacturing activity released...Read More
Ben Graham value investing now exists in the mining space - the type of investing that Warren Buffet is famous for. But this is simply NOT supposed happen. Why? Because mining companies have reserves and resources in the ground, which are reflected in a company's share price... that is, in a normal market.Cecil Musgrave, publisher of Investorsguru.com, contends that today's market is so broken tha...Read More