FCX executives had recently visited Ascaro's Hayden site to appraise the operation, Bloomberg quoted unnamed people familiar with the matter as saying.Read More
The firm also warned of lower than expected copper production at its flagship Quebrada Blanca Phase 2 (QB2) copper development in northern Chile and higher capital expenditure.Read More
"Despite persistent inflationary conditions, Lundin Mining generated adjusted EBITDA of over US$200 million and $180 million of adjusted operating cash flow, demonstrating the quality of our portfolioRead More
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points at 7:30 AM EDT.Traders are waiting for U.S. economic news released at 8:30 AM EDT. Consensus for first estimate of third quarter real GDP is growth at a 2.1% rate versus a decline of 0.6% in the second quarter. Consensus for September Durable Goods Orders is an increase of 0.5% versus a decline of 0.2% in Augu...Read More
We spoke with Colin Moorhead, who's Executive Chairman and Managing Director of Xanadu Mines (ASX: XAM, TSX: XAM), a company that discovers, defines, and develops globally significant porphyry copper-gold deposits, in Mongolia. The Company owns a multi-stage portfolio of projects, with the flagship Kharmagtai copper-gold project, located in Omnogovi Province, approximately 420km southeast of Ulaan...Read More
Zero Hedge, Released on 10/27/22As the bell tolls for the end of the first chapter of Twitter's life as a deep state narrative-enabling machine, the firings have begun with Musk becoming 'Chief Twit'.Continue... The Firings Begin: Twitter CEO, CFO, & Top Censor Escorted Out added by Herman James on 10/27/2022View all posts by Herman James ?+'Read More
Daily Mail, Released on 10/27/22Unilever recalled over 1.5 million products last week because they may contain elevated levels of benzene. Affected goods are dry shampoo aerosol products Continue... More than a million Americans have been using shampoos that may contain cancer-causing chemical - including brands like Dove, TRESemm?(C) and Nexxus added by Herman James on 10/28/2022View all posts by...Read More
Wall Street On Parade, Released on 10/27/22At Fed Chair Jerome Powell's press conference on September 21, he made a remark that went unchallenged by the bevy of reporters in attendance. Powell said this:Continue... Fed's Powell Calls U.S. Economy "Robust" as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008 added by Herman James on 10/28/2022View all posts by Herman Jame...Read More
We learn today that the gross domestic product increased 2.6% in the year's third quarter. Reports CNBC:The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing recession fears, the Bureau of Economic Analysis reported Thursday.GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized...Read More
Canadian uranium major Cameco (TSX: CCO; NYSE: CCJ) has narrowed its September-quarter loss, citing building momentum in long-term contracting by power utilities amid concern about global energy security and the rising acceptance of nuclear power to reduce carbon emissions.Cameco's CEO, Tim Gitzel, told a post-earnings release analyst call it had advanced contracting discussions for about 27 milli...Read More
Core Lithium (ASX: CXO) shares fell on Thursday after the miner and Tesla couldn't secure a supply deal for battery-metal ore, but the power may reside with the producer over the automaker. The companies were trying to hammer out a four-year contract for Core to deliver about 100,000 tonnes of spodumene concentrate from its Finniss mine near Darwin on Australia's north coast. The negotiation dead...Read More
Commerce Resources (TSXV: CCE ; US-OTC: CMRZF) has produced its largest rare earth oxides sample yet from its Ashram project in northern Quebec as it develops what it calls the biggest deposit in North America for building electric vehicle magnets.Ashram, located about 1,300 km north of Montreal, produced 1.2 kg of mixed rare earth carbonate concentrate graded at about 52% total rare earth oxides...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has been granted three new highly prospective exploration rights covering a total surface area of 80 sq. km adjacent to the company's Platreef project in Limpopo province, South Africa.The new exploration rights form a continuous block situated on the southwest border of Ivanhoe's existing Platreef mining rights at Turfspruit and Macalacaskop, which together...Read More
Osino Resources (TSXV: OSI; US-OTC: OSIIF) has outlined the first resource estimate for its Ondundu gold project in Namibia, about 130 km from its flagship Twin Hills project and 270 km northwest of the city of Windhoek.The 10,387 hectare and 100%-owned project, which it acquired from B2Gold (TSX: BTO; NYSE-AM: BTG) in July 2021, is situated in the northern zone of the Damara Orogen, about 15 km n...Read More
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada's largest diversified miner, is exiting the oilsands business with the sale of its 21.3% stake in the Fort Hills project to Suncor Energy (TSX: SU; NYSE: SU) for $1 billion (about US$737.2 million).The all-cash deal, effective Nov. 1, will boost Suncor's aggregate share in the oilsands operation to more than 75%. French energy major TotalE...Read More
A model developed by Brazilian researchers shows that opening up protected areas in the Amazon to mining projects would lead to massive losses of forest coverage.In a paper published in the journal Nature Sustainability, the scientists explain that approximately 183 square kilometres of forest would be lost to new mines while an additional 7,626 square kilometres of forest would be lost as a conse...Read More
Call Me Back - with Dan Senor, Released on 10/27/22Record inflation, another wake-up call out of Beijing, a new prime minister in Continue... The Economic "Trilemma" - with Mohamed El-Erian added by Herman James on 10/30/2022View all posts by Herman James ?+'Read More
The U.S. Sun, Released on 10/27/22"When we see these news stories about Covid, we now feel a bit numb. We feel numb to it all."We feel more and more numb."Continue... China forces 800,000 people in Wuhan back into lockdown added by Herman James on 10/30/2022View all posts by Herman James ?+'Read More
Srivatsan Prakash, Released on 10/27/22Jim Bianco is the founder and President at Bianco Research - based in Chicago, IL. Here, he discusses the various changes he sees in the economy, labor vs capital, and his thesis for how a 4% inflation world looks like. He also shares his views on central banking as well as how they've overstepped their actual function.Jim Bianco is President and Macro Strate...Read More
Another heck of a month behind us, and looking back, one thing in particular stands out: the crazy supply and demand situation in ...Read More