Month: February 2018

Veteran precious metals newsletter writer Brien Lundin reveals his next picks

Source: Streetwise Reports   02/27/2018 With the price of gold staying firmly above $1,300/oz, Brien Lundin, editor of Gold Newsletter, discusses the state of the market and several top picks in an unlikely location. Tuvatu Project Map Brien Lundin, the well-respected...

/ February 28, 2018

BHP's productivity gains are cheered by investors — and unions

(Bloomberg) — BHP Billiton Ltd. Chief Executive Officer Andrew Mackenzie touted $200 million in productivity gains at its giant Escondida copper mine in Chile, the world’s largest. While that’s music to the ears of investors pushing for the industry to extract more profit...

/ February 28, 2018

Canadian junior quadruples cobalt portfolio

Vancouver-based Secova Metals (TSXV: SEK) announced today that, with the acquisition of 1151640 B.C. Ltd, it has taken over 40 claims or approximately 2,186 hectares in eastern Quebec. The claims are contained within the Muskrat, Boudrais and Peribonka-Begin cobalt projects....

/ February 28, 2018

Brazil's Vale 4th-qtr profit misses as costs rise, forex weighs

Brazilian iron ore miner Vale SA’s quarterly net income jumped by 47 percent but still badly missed analyst estimates, depressed by rising costs and foreign exchange related losses. In a securities filing on Tuesday, the world’s largest iron ore producer...

/ February 28, 2018

Platinum price crashes through $1,000 after German diesel ban

Platinum group metals were the hardest hit on generally weak precious metals markets Tuesday after a German court ruled that cities in Europe’s largest economy and world’s fourth largest automaker have the right to ban diesel cars. The price of...

/ February 28, 2018

Scotland to have its first commercial gold mine

Scotland will soon have its first commercial gold and silver mine after authorities unanimously approved Tuesday Scotgold Resources’ (LON: SGZ) application for the development of its Cononish project. The asset produced first gold in August 2016 following the launch of...

/ February 28, 2018

Atlas Iron reveals strategy to weather storm of discounts

Atlas Iron (ASX: AGO) announced today that, despite high discounts for lower grade iron ore, it is still on track to meet its fiscal 2017-2018 shipment volume and cost guidance, which management set last August in 9 million-10 million wet...

/ February 28, 2018

Energy Fuels wins approval to expand uranium, vanadium mines in Utah

WASHINGTON, Feb 27 (Reuters) – Uranium miner Energy Fuels said on Tuesday it has won federal approvals to expand operations at two mines in southeastern Utah, after years of challenges from conservation groups worried about radon gas emissions. The Bureau...

/ February 28, 2018

Lithium glut? No way, say industry executives eyeing demand

HOLLYWOOD, Fla., Feb 27 (Reuters) – Forecasts for a glut in lithium, a major ingredient in rechargeable batteries for electric vehicles, fail to account for strong demand and how complicated it is to process and mine, industry executives and analysts...

/ February 28, 2018

Agnico Eagle is reviewing cobalt assets after receiving interest

(Bloomberg) — Agnico Eagle Mines Ltd. is dusting off cobalt assets in Ontario for potential sale as a global search for the rechargeable-battery ingredient expands amid surging demand. The gold producer is doing an analysis of its Canadian cobalt holdings after...

/ February 28, 2018

Zambia to start forcing miners to move 30% of minerals by rail

Zambia, Africa’s second largest copper producer, will begin enforcing a law that requires miners to transport 30% of their cargo by train, in a move aimed at boosting the country’s rail sector. Mining companies have expressed their concerns about the...

/ February 28, 2018

Paulson's right: gold producers must fix their bad M&A habits

(Bloomberg) — Billionaire hedge-fund manager John Paulson is right to press top gold producers to avoid repeating their bad deal-making habits as prices press higher after notching up their biggest annual gain since 2010, according to Australia’s second-largest supplier. “I...

/ February 28, 2018