Against expectations and in some instances in defiance of fundamentals, commodities managed to climb a wall of worry over the first four months of 2016 giving mining stocks a welcome boost after three years of declines.But seven trading days into May and much of the gains are being wiped out as fears about the health of the Chinese economy returns with a vengeance. Demand for bellwether commod...Read More
Commodity prices have been on a downward trend for the past five years, which has put pressure on the budgets and operations of British Columbia's (BC) mining companies in 2015. According to the annual PwC BC Mining Industry Survey for 2015 the continued drop in the price of key metals and minerals, particularly metallurgical coal and copper, has led to a number of mines in BC being put into care...Read More
There was no commodity paradigm shift and there was no "peak everything" in 2011, says Jeremy Grantham in his recent letter to investors.The storied investor, writing in this spring's GMO Quarterly Letter, runs an autopsy on his own bullish outlook on commodities in 2011 and dissects how it all went wrong.Boston-based Grantham, Mayo, & van Otterloo has more than US$118 billion in assets under mana...Read More
Andrew Mackenzie says BHP won't wait for prices to recover, and insists the giant miner continues to drive down costs. (Image from archives)World's largest mining company BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has decided to resume investing in projects aimed to boost production capacity, particularly in copper and oil, even if commodity prices have not fully recovered yet.Speaking at the Global M...Read More
Fault lines: GOP civil war deepens ... Donald Trump is poised to breeze through another round of primary contests this week — while the Republican Party splinters around him. Trump’s ascent to the top of the GOP, which was capped last week with Ted Cruz’s devastating loss in the Indiana primary, happened so fast that even the billionaire himself was surprised. And the whipsawed p...Read More
Fault lines: GOP civil war deepens ... Donald Trump is poised to breeze through another round of primary contests this week — while the Republican Party splinters around him. Trump’s ascent to the top of the GOP, which was capped last week with Ted Cruz’s devastating loss in the Indiana primary, happened so fast that even the billionaire himself was surprised. And the whipsawed p...Read More
Gold has a long and distinguished history as the metal of choice for money and coins. Even before it was struck into coins, people measured, used, and traded it to pay for trade goods and services and as a way to store their wealth. This legacy of gold began back around 2,700 years ago. Investors have craved gold for the safety and protection it provides for thousands of years on through today.Ea...Read More
Gold has a long and distinguished history as the metal of choice for money and coins. Even before it was struck into coins, people measured, used, and traded it to pay for trade goods and services and as a way to store their wealth. This legacy of gold began back around 2,700 years ago. Investors have craved gold for the safety and protection it provides for thousands of years on through today.Ea...Read More
Top publicly-held copper producer Freeport-McMoRan Copper & Gold (NYSE:FCX) on Monday announced the sale of its largest African copper mine to China Molybdenum for up to $2.65 billion.Like many of its peers Freeport has been struggling to get its debt load under control which ballooned to $20 billion following the ill-timed acquisition of oil and gas assets three years ago. In February the Phoenix...Read More
Mining and metals investors were offloading the sector's big names on Monday after sharp drops in iron ore and copper prices following weaker than expected imports by top consumer China and renewed fears about the robustness of the 2016 rally in commodity prices.On the Comex market in New York copper for delivery in July fell as much 2.4% to $2.1025 a pound or some $4,635 a tonne. Copper's y...Read More
Atlas Copco launches its first battery driven product within the mining and underground segment. When it comes to safety for its operators, the Scooptram ST7 Battery has been developed to meet and exceed environmental standards and modern mining safety requirements.Traditionally, underground mobile equipment in the mining sector has relied on diesel engines which release emissions. Those emissions...Read More
Canadian Eldorado Gold (TSX:ELD) (NYSE:EGO) will resume work at its stalled Skouries mine, one of four Greek major operations where the firm is involved, following an approval of its updated technical study by the Ministry of Energy and Environment.The Vancouver-based miner had been awaiting a licence for the project in Halkidiki, a forested area in northern Greece, for over a year. But after mont...Read More
Panama Papers source breaks silence over ‘scale of injustices’ ... Whistleblower says leak of 11.5m Mossack Fonseca files on offshore tax havens has triggered debate but not enough action. -UK GuardianWho is this anonymous person who believes his vast Panama Papers leak hasn't triggered enough "action?"Why does he want Western governments to try harder to prosecute those who have put a...Read More
Creator of online money Liberty Reserve gets 20 years in prison ... Before the virtual currency Bitcoin there was Liberty Reserve — and its founder just got sentenced to 20 years in prison. Arthur Budovsky, 42, ran an online digital money business out of Costa Rica called Liberty Reserve. The U.S. government contended that the whole thing was just a massive, $6 billion money laundering opera...Read More
Panama Papers source breaks silence over ‘scale of injustices’ ... Whistleblower says leak of 11.5m Mossack Fonseca files on offshore tax havens has triggered debate but not enough action. -UK GuardianWho is this anonymous person who believes his vast Panama Papers leak hasn't triggered enough "action?"Why does he want Western governments to try harder to prosecute those who have put a...Read More
Creator of online money Liberty Reserve gets 20 years in prison ... Before the virtual currency Bitcoin there was Liberty Reserve — and its founder just got sentenced to 20 years in prison. Arthur Budovsky, 42, ran an online digital money business out of Costa Rica called Liberty Reserve. The U.S. government contended that the whole thing was just a massive, $6 billion money laundering opera...Read More
Oil prices have been rising lately, going up as much as 2% higher for both the Brent Crude and West Texas Intermediate benchmarks in the early session of the day on Monday, May 9th. This development is important to watch as oil prices often point to higher gold prices. The relationship between the two commodities is especially relevant when the prices in oil move sharply as they have lately. Consi...Read More
Entschuldigung f? 1/4 r die etwas schlechte Fassung Condition Red ist ein US-amerikanischer Kriegsfilm, der im Jahr 1990 von HBO herausgegeben wurde und auf dem Roman Trinity's Child von William Prochnau fu??t. Das Filmwerk zeichnet sich dadurch aus, dass es die letzte Verfilmung eines fiktionalen Atomkriegsereignisses vor dem Zusammenbruch der Sowjetunion und dem damit verbundenen Ende des Kalten...Read More
Rio Tinto Group's $5.3 billion underground expansion of Oyu Tolgoi mine in Mongolia will increase its output in about four years time when the copper market is in deficit, according to the company's deputy chief executive officer.Read more at Bloomberg Read More