Month: March 2018

Rand newly gained strength may negatively impact South Africa’s gold miners: BMI

Despite a relative pessimism regarding macroeconomic fundamentals, the South African rand is expected to gain strength over the next few months and that could mean bad news for the country’s gold miners, according to BMI Research. In a recently published...

/ March 2, 2018

Are these bankers better than Wall St?

There are a group of bankers based in three cities, not Wall St., but Toronto, Vancouver, and Denver that you probably never heard of. Surprisingly they are gold stocks. They are royalty & streaming companies, otherwise known as the Three...

/ March 2, 2018

India's outback coal bets sour as global prices recover

(Bloomberg) — Australian mining legend Lang Hancock’s dream four decades ago of exporting coal from the country’s remote Galilee Basin is becoming a nightmare for two Indian conglomerates. Adani Group bought into the Queensland basin in 2010, followed a year later...

/ March 2, 2018

SQM talks down lithium oversupply, says market to grow 80% a year

Chile’s Chemical and Mining Society (SQM), one of the world’s largest lithium producer, said global demand for the white metal, a key ingredient in the making of batteries that power electric vehicles, will continue to grow at rate of roughly 80%...

/ March 2, 2018

Guatemala mines a mother lode of trouble: Mac Margolis

(Bloomberg View) — Although it’s small and mostly poor, Guatemala sits on a heap of treasure. Last year, it ranked as the world’s 15th-largest producer of silver, a nest egg that could yield economic growth and taxes and royalties, helping to...

/ March 2, 2018

Trump says US to impose tariffs on steel, aluminum imports

WASHINGTON, March 1 (Reuters) – U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics...

/ March 2, 2018

Stellar Diamonds Sierra Leone project takes key step forward

Africa-focused Stellar Diamonds (LON:STEL) said Wednesday it had finalized its tribute agreement and revenue share with junior Octea Mining for the Tongo-Tonguma diamond project in eastern Sierra Leone. The deal, which allows for mining the combined and contiguous Tongo and...

/ March 2, 2018

Anglo American concludes sale of three coal mines in South Africa

Anglo American (LON:AAL) has completed the sale of three Eskom-tied thermal coal operations in South Africa to Seriti Resources, a group of black-controlled companies for R2.3 billion (about $164 million). The deal includes the New Vaal, New Denmark and Kriel...

/ March 1, 2018

Here’s what gold is waiting for

Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US...

/ March 1, 2018

Samarco iron ore mine could reopen this year

The Samarco iron ore mine in Brazil is likely to resume operations before the end of the year or early 2019 Vale (NYSE:VALE) executives told investors on Wednesday. Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November...

/ March 1, 2018

Mexican election to pose limited risks to positive mining outlook: BMI

A new report by BMI Research states that a possible victory by frontrunner presidential candidate Andrés Manuel López Obrador poses “minimal downside risks to an otherwise strong outlook” for Mexico’s mining industry. According to the market research firm, the populist...

/ March 1, 2018

Aussie company signs agreement with Argentinian province over lithium assets

Sydney-based Lake Resources (ASX:LKE) announced today that it has signed an agreement with the Argentinian province of Jujuy to confirm the company’s tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the...

/ March 1, 2018