Mining giant Rio Tinto (ASX, LON, NYSE: RIO) plans to double its fleet of autonomous production drill rigs this year at its iron ore mines in the Pilbara region of Western Australia, where driverless trucks already haul over a quarter of both ore and waste material.Four additional drills, retrofitted with autonomous drilling system technology, were recently deployed at the company's Yandicoogina m...Read More
South African gold producers are expected to sing this week a settlement in a lawsuit over fatal lung disease and tuberculosis miners contracted while working for them, ending this way the country's largest ever class action against mining companies.Speaking to Reuters, lawyer Richard Spoor, who represents about half a million workers and their families, said the companies would sign the out-of-...Read More
Canada's StrikePoint Gold (TSX-V: SKP) (OTCQB: STKXF) said Wednesday it has agreed to buy fellow junior Skeena Resources' (TSX-V: SKE) historic Porter Idaho silver property located near Stewart, in British Columbia's prolific Golden Triangle.As part of the deal, Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based up...Read More
If you take a hard look at vanadium, some of the same growth drivers as for cobalt and lithium are evident. But despite growing interest in large-scale vanadium redox flow batteries, it's unlikely speculators will manage cobalt-level returns off the metal. Still, there are promising signs for vanadium.Staff reporterScaling up: the capacity of vanadium redox flow systems, like these from RedT Energ...Read More
The name "Michelle Wolf" has dominated headlines and has become the talk of the mainstream media following the comedian's speech roasting the Trump Administration at the White House Correspondents' Dinner on Saturday. While everyone seems to have an opinion on Wolf's comments, the fact is that the debate has served as the perfect distraction from several incredibly important news stories from the...Read More
The name "Michelle Wolf" has dominated headlines and has become the talk of the mainstream media following the comedian's speech roasting the Trump Administration at the White House Correspondents' Dinner on Saturday. While everyone seems to have an opinion on Wolf's comments, the fact is that the debate has served as the perfect distraction from several incredibly important news stories from the...Read More
With Australia predicted to be the leading LNG exporter by 2022, growth in the industry has been strong this year.Domestic supply and international exports have both been increasing, and the Department of Industry, Innovation, and Science is forecasting for LNG exports from Australia to reach $35 billion by the end of 2018.That, coupled with the prediction that Australia will become the world's la...Read More
At press time, Bitcoin (BTC) Bitcoin has fallen to US$8,919 as hopes of a return to US$10,000 are once again dashed. Ethereum (ETH) prices also took a hit Tuesday after a report that US regulators are exploring whether it and other cryptocurrencies should be treated like securities.E...Read full newsRead More
OSPREY GOLD DEVELOPMENT LTD. (TSXV:OS) (OTCQB:OSSPF) (the 'Company' or 'Osprey') announces that it has appointed John Eric Wenger as a director of the Company.Read full newsRead More
CloseGain/LossGold $1305.10-$9.60Silver$16.17-$0.14XAU81.42+0.34%HUI179.20+0.41%GDM623.44+0.16%JSE Gold1104.60+8.93USD92.47+0.62Euro119.94-0.90Yen91.23-0.35Oil$67.25-$1.3210-Year2.969%+0.034T-Bond143.1875-0.65625Dow24099.05-0.27%Nasdaq7130.70+0.91%S&P2654.80+0.25% The Metals: Gold dropped $12.80 to $1301.90 in late morning New York trade before it bounced back higher into the close, but it...Read More
U.S. Mint American Eagle gold coin sales collapse to weakest April since 2007 giving contrarian value buyers another buy signalby Renita D. Young of ReutersSales of U.S. Mint American Eagle gold coins dropped to their weakest April since 2007, while silver coin purchases for the month rose 10 percent higher than last year, U.S. government data showed on Monday.The U.S. Mint sold 4,500 ounces of...Read More
The Iran issue after Israel accused Iran of hiding nuclear weapons prevented gold and silver from a big crash. Any increase in Iranian risk will result in crude oil prices galloping to $90 by next month. Gold will also follow the crude oil trajectory as an inflation hedge. The pace of rise of gold will lag crude oil. But I am sure gold will rise. Gold could trade in a $1237-$1430 wider range in...Read More
David Garofalo, president and CEO of Goldcorp, joins BNN Bloomberg to discuss the latest on the company's Coffee project in the Yukon.Read full newsRead More
Ken Hoffman, senior expert of Basic Materials Practice, McKinsey & Company, discusses his outlook for metals used in electric car batteries.Read full newsRead More
Randgold Resources was able to start up production at its Tongon mine once again, following several work stoppages that plagued the mine in Q1 2018.Read full newsRead More
Morning Market Breakdown, May 1: The start of the month brought red across the board, affecting both markets and commodities.Read full newsRead More
Glencore and Freeport-McMoRan under pressure in DRC and IndonesiaRead full newsRead More
Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He's put half of his $5.7 billion net worth into gold.Read full newsRead More
FTSE 100 up 11 pointsApril UK PMI marks 17 month low, pound weakensFTSE dollar earners riseBP results see shares risePipehawk is the day's best performer after landing four contractsThe FTSE 100 just about clung on to its gains at the death, helped by a mildly positive reaction to results from BP PLC (LON:BP.).The FTSE 100 closed at 7,520, up 11 points.BP added 1.8% after posting its best ope...Read More
John Belfontaine, president and executive chairman of Phivida Holdings (CSE:VIDA), talks Proactive's Andrew Scott through the formation of the company and the management team which he describes as 'second-to-none'.First trading as a public company in December 2017 they've moved quickly, securing deals with WeedMD Inc. (TSX-V:WMD) and Namaste Technologies Inc. ("Namaste") (CSE:N).They've also just...Read More