Gold's year-end rally is pushing into 2019, with bullion advancing for a fifth straight day as equities posted fresh losses after the worst year since the financial crisis.The metal hit a six-month high nearing $1,300 an ounce, even as some daily technical indicators highlighted the potential for a reversal after recent gains. The advance came as fresh figures showed China manufacturing shrinking...Read More
Cobalt 27 Capital has entered an agreement to acquire ASX-listed Highlands Pacific. The acquisition, valued at $96 million, will increase Cobalt 27's exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea. Highlands Pacific owns an 8.56% interest in the mine, which is majority owned by Metallurgical Corp. of China Ltd.Cobalt 27 has agreed to pay A10.5 ? in cash per share for...Read More
Cobalt 27 Capital has entered an agreement to acquire ASX-listed Highlands Pacific. The acquisition, valued at $96 million, will increase Cobalt 27's exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea. Highlands Pacific owns an 8.56% interest in the mine, which is majority owned by Metallurgical Corp. of China Ltd.Cobalt 27 has agreed to pay A10.5 ? in cash per share for...Read More
It's the first day of a new era for Barrick Gold, the world's largest bullion miner, as it officially began trading Wednesday as a merged entity with Randgold Resources.From now on, Barrick's symbol on the New York Stock Exchange will be GOLD, the ticker formerly held by Randgold on NASDAQ. In Toronto, the company is keeping its ABX symbol.The $18.3 billion-deal, which gained final approval in D...Read More
It's the first day of a new era for Barrick Gold, the world's largest bullion miner, as it officially began trading Wednesday as a merged entity with Randgold Resources.From now on, Barrick's symbol on the New York Stock Exchange will be GOLD, the ticker formerly held by Randgold on NASDAQ. In Toronto, the company is keeping its ABX symbol.The $18.3 billion-deal, which gained final approval in D...Read More
It's the first day of a new era for Barrick Gold, the world's largest bullion miner, as it officially began trading Wednesday as a merged entity with Randgold Resources.From now on, Barrick's symbol on the New York Stock Exchange will be GOLD, the ticker formerly held by Randgold on NASDAQ. In Toronto, the company is keeping its ABX symbol.The $18.3 billion-deal, which gained final approval in D...Read More
Metso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were 60 million euros and it has 1,300 employees.The acquisition is pending regulatory app...Read More
Metso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were 60 million euros and it has 1,300 employees.The acquisition is pending regulatory app...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
Blackwater founder Erik Prince aims to raise as much as $500 million to invest in metals needed for making the batteries that power electric vehicles (EVs), the Financial Times reports.Prince, who besides starting the controversial private security company is known for have been an informal campaign adviser to US President Donald Trump, said the fund will bring unexplored deposits into productio...Read More
China's No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada's Nevsun Resources (TSX, NYSEMKT:NSU), the biggest overseas purchase since the Beijing-backed miner went public in Hong Kong in 2003.Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder...Read More
China's No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada's Nevsun Resources (TSX, NYSEMKT:NSU), the biggest overseas purchase since the Beijing-backed miner went public in Hong Kong in 2003.Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder...Read More
China's No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada's Nevsun Resources (TSX, NYSEMKT:NSU), the biggest overseas purchase since the Beijing-backed miner went public in Hong Kong in 2003.Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder...Read More
Big mining companies outperformed the broader market in 2018Read full newsRead More
Solar Ship CEO Jay Godsall pitches the benefits of using airships to access remote areas to a live audience at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in Toronto in October 2018.Visit www.solarship.com for more information.Solar Ship CEO Jay Godsall speaking at The Northern Miner's Progressive Mine Forum at the MaRS Discovery District in Toronto in October 2...Read More
Dear Friend of GATA and Gold:When GATA got started in January 1999 we figured that the rigging we saw in the gold and silver markets was the work of the big investment banks that heavily traded the monetary metals on the futures exchanges. Our idea was to gather evidence of their collusion and then sue them for triple damages under the Sherman Act, the Clayton Act, and the anti-trust laws of the...Read More
Graceland Updates By Stewart ThomsonJan 1, 2019 1. As the new year begins, gold continues to gain respect as the ultimate investment asset. Unfortunately, the same cannot be said for the US dollar.2. Most investors tend to view the dollar as a "safe haven", but the big bank FOREX traders that really move the currency market view the dollar as a risk-on asset class.3. They...Read More
By Steve St. AngeloIf history is our guide, we are on track for a severe market meltdown in 2019. While the U.S. broader indexes remained in record territory for most of 2018, December turned out to be a complete disaster for stocks. So, even though the markets have reversed higher from their Christmas Eve lows, this is nothing more than a bear market rally.It's really that simple. Thus, a...Read More
- Are we to prepare for a global Debt Bubble Collapse in 2019?- 2019 to see the political and economic uncertainty of 2018 continue and likely to deepen- Investors lulled into a false sense of security by politicians, brokers, bankers etc.- Much "cheer leading" of the "economic recovery" narrative and by extension financial markets - particularly property and stock markets- Trade wars, currenc...Read More
Turkey's imports of flat steel decreased by 52.69% year on year in November 2018, the Turkish Statistical Institute (TUIK) said on Monday December 31.The country imported 358,826 tonnes of flat steel, compared with 758,499 tonnes in November 2017, TUIK statistics showed. The decrease in imports was largely due to the negative sentiment prevalent in the domestic steel market since August this year,...Read More