$GM, $USO US factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors (NYSE:GM) strike, in a sign of stabilization in manufacturing. The 1.1% increase in manufacturing output, the biggest gain since early 2018, followed a 0.7% decrease in October, Federal Reserve […]
$GLD, $XAU, $AGGFF The Dutch Central Bank recently argued in an article that if there were to be a major monetary reset, “gold stock can serve as a basis” to rebuild the global monetary system. Investor Ray Dalio recently cautioned attendees at the Institute for International Finance conference when he mentioned the possibility of a […]
$XAU, $SLV, $GOLD, $NEM, $AGGFF, $FNV, $RGLD, $PAAS The smart money has already started and gold prices are up, breaking through 6 year highs. Gold miners are having an incredible year. And if a crash comes, getting gold into your portfolio is absolutely Key With all that in mind, here are five companies gold investors should […]
$XAU The high prices are luring Africans into prospecting for gold. Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates(UAE) a gateway to markets in Europe, the United States and beyond. Customs data shows that the UAE imported $15.1-B worth of gold from Africa in […]
BHP, the world’s biggest miner, more than doubled its annual net profit Tuesday on the back of higher iron ore prices and a rebound from significant setbacks the previous year. The resources giant posted a US$8.3 billion profit for the year to June 30, up from US$3.7 billion in the previous year when heavy impairment […]
Coinmine, an LA-based consumer crypto hardware and software company is pleased to announce a $2.5M Seed round of financing led by LA-based M13. The round also includes Republic Labs, Gumi Crypto, Canaan Beta and early Uber investor Shervin Pishevar. Coinmine’s flagship device, the Coinmine One, is the only plug-n-play crypto device and is completely controlled from Coinmine’s […]
$GLD, $XAU, $GOLD A major annual analysis of major gold discoveries yielded 278 deposits containing 2.16-B oz of gold discovered over the Y’s 1990-2018 frame, an increase from the 1.94-B oz in 263 deposits in the Y 2018 analysis. The discovery list increased by 15 deposits and 215.1-M oz of gold is heartening, by far […]
The last Brothel in Kalgoorlie’s Hay Street Kalgoorlie has come a long way since Hay Street was home to a row of brothels and scores of prostitutes worked out of “starting stalls” made of corrugated iron. It is a sign of the times. In Kalgoorlie’s Hay Street, where miners have paid for sex since the […]
FLASH: Australia’s Lucapa Diamond (ASX:LOM) has recovered an 83.9 carat diamond from its recently commissioned Mothae mine in Lesotho, Africa. The stone is the 4th diamond over 50 carats the company has recovered to date at its 70%-owned Mothae operation. While the find was not gem-quality, Lucapa says it continues to underline the large-stone nature of the […]
US Industrial Production Moving Higher $USO, $UGA, $USD US industry expanded in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up 0.1%, the 5th straight monthly gainer, following a 0.2% advance in September and a 0.8% advance in August, the Fed reported Friday. The Fed said that recent hurricanes lowered […]
The Newly Minted Shareholder’s Gold Council Vs the Destruction of the Gold Sector $GLD, $SLV, $USD After about a year of behind-the-scenes work, billionaire hedge-fund manager John Paulson announced that he has formed a coalition with 15 other investors aimed at curbing years of what his fund has called value destruction in the gold sector. […]
METALLA ADDS ROYALTY ON AGNICO EAGLE’S SANTA GERTRUDIS GOLD PROPERTY $MTAFF, $AEM, $GLGDF Metalla Royalty & Streaming Ltd. (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) announced last Wednesday that it has entered into a purchase and sale agreement to acquire a 2% net smelter return royalty on the Santa Gertrudis gold property located north of Hermosillo in Sonora, […]
Giant Diamonds: Mining’s Top Success Story for This Year $GMDMF, $BHP This Summer’s crash in commodity prices is turning it into a year to forget for miners. Unless, that is you dig the world’s biggest diamonds. Gem Diamonds Ltd. (OTCMKT:GMDMF) has been the standout performer in the FTSE All-Share Mining Index, gaining almost 70% this […]
China’s PBoC Intensifies Pressure on Cryptocurrency Activity $BTCUSD Chinese authorities have intensified pressure on domestic cryptocurrency activity. Beijing supports the development of the underlying blockchain technology, but it is still trying to limit speculation in digital currencies roughly 1 year since banning their sales in ICOs. Bitcoin prices surged last year as investors bet blockchain […]
The plunge in the price of copper by more than 20 percent since the beginning of June has worried analysts who see it as a bad signal for the global economy. The red metal has acquired the sobriquet Doctor Copper for its ability to take the temperature of the world economy. – Why trust Dr […]
Bitmain, the Crypto Mining Giant, on Target for $10-B in Revenue this Year $BTCUSD TechCrunch has learned through a company fund raising overview that Beijing-based mining equipment seller Bitmain hit a quarterly revenue of approximately $2-B in Q-1 of Y 2018. Despite a slump in bitcoin prices since the beginning of the year, the company is on track […]
Copper Prices Suffer Trade War Sell Off The price of copper fell this week to 2.80 U.S. dollars a pound amid U.S. protectionist tariff moves, the Chilean Copper Commission (Cochilco) said on Friday. Such moves “undercut expectations of a quick recovery in the price of the metal,” Cochilco said. As Chile’s main export product, copper […]
California’s Carr Fire Surges Into City of Redding A raging Northern California wildfire surged into the City of Redding, population about 92,000, Friday after burning dozens of homes, injuring firefighters and civilians, and engulfing and killing a bulldover operator. The situation was described as chaotic by authorities. Cal Fire spokesman Scott McLean said the Carr […]
NKorea’s Economic Potential is Huge, Peace Looms Virgin Natural Resources: Crude Oil, Nat Gas Exploration and Minerals Mining to Open Up Sunday, US President Donald Trump said that he truly believes North Korea has “brilliant potential and will be a great economic and financial Nation one day” just as the historic Summit with NKorean leader […]
Metalla’s Financial Results for Fiscal Q-3 Y 2018 $MTAFF, $GLD, $SLV, $GG Metalla has increased its monthly dividend by 50% effective in June 2018. Metalla received approval for its common shares to trade as a Tier 1 TSX-V Issuer, Metalla Royalty & Streaming Ltd. (MTA.V) (OTCMkt:MTAFF) (X9CP.F) recently announced results for Q-3 Fiscal Y 2018. For […]
Readers Keep Asking, “What is Bitcoin Gold Really?” $BTCUSD,$BTG Cryptocurrency forks of various types take place regularly. Even Bitcoin has experienced several different iterations and branches this way, and now 1 of the largest and most discussed Bitcoin forks happened late in Y 2017. Bitcoin Gold was a hard fork of the original open source cryptocurrency which took […]
METALLA STRENGTHENS BOARD AND MANAGEMENT TEAM $MTAFF Metalla Royalty & Streaming Ltd.(CSE: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announce that it has nominated Alexander Molyneux and Frank L. Hanagarne, Jr. to the Board of Directors subject to TSXV and regulatory approvals, and added Drew Clark as VP of Corporate Development. “We are […]
Mining Cryptocurrencies Turns Out is Incredibly Easy $BTCUSD, $AMD, $NVDA, $INTC How to make money mining Bitcoin and other cryptocurrencies without knowing anything about it. Okay, cryptocurrency mining is not for everyone, and it might seem daunting even for those who are interested. But, as it turns out, it is incredibly easy. The fact is […]
Bitcoin Technical’s: Bear Flag Forming $BTCUSD Bitcoin failed to hold above $17,000 at the weekend, opened weak Monday. Bitcoin is currently trading at: 15,238.9346, -689.03, -4.33%, as of 3:57a GMT, the market open. According to HeffX–LTN’s data source, Bitcoin (BTC) has depreciated by 8.85% in the last 24 hours, as fears of China’s crackdown on cryptographer trading […]
Laurence Graff Buys Another Giant Sierra Leone Diamond Laurence Graff, Chairman of Graff Diamonds, bought a 476-carat stone from Sierra Leone, called the Meya Prosperity Diamond. The rock was unearthed in November by Meya Mining, a company jointly owned by Namibia-based conglomerate Trustco Group and Germinate Sierra Leone. It was found in an area spanning […]
Avoid These 3 Major Bitcoin Scams $BTCUSD Bitcoin is currently trading at: 15,653.4551, -747.459 , or -4.56% Bitcoin is the most popular cryptocurrency available today, recently it has seen a lot of activity. Anything that surges warrants being in the bright lights. In Y 2009 a single Bitcoin cost about $1, and in Y 2013 it was […]
Rio Tinto Limited (ASX:RIO) Charged With Fraud Anglo-Australian mining giant Rio Tinto has been charged with fraud in the US and fined £27.4m in the UK after being accused of overstating the value of African coal assets. The FTSE 100 company and two of its top former executives were charged in the US of hiding […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights “Gains from AutoHaul are already being realised including reduced variability and increased speed across the network, helping to reduce average cycle times.” The technology that enables cars to be driven without human intervention could soon become the norm on the rail tracks, after a mining company completed the world’s […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights The future of BHP Billiton boss Andrew Mackenzie has come under renewed scrutiny ahead of the miner’s AGMs, as its new chairman looks to further reshape the board. Investors have urged BHP to begin succession planning as Scottish-born Mr Mackenzie approaches his fifth anniversary as chief executive – and […]
Metalla Royalty and Streaming, Ltd.’s Annual Letter to Shareholders 2017 $MTAFF, $GLD, $SLV It is with great satisfaction that I present to you, our shareholders, the first annual shareholder letter under our new name and business model of acquiring precious metal royalty, streams, and other production based interests. At a time when experts in the […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights The world’s largest mining company BHP Billiton said 2017 will be considered a tipping point for electric cars, boosting demand for commodities from copper to nickel. “I think if we look back in a few years we would call 2017 the tipping point of electric vehicles,” Arnoud Balhuizen, head […]
Rio Tinto plc (LON:RIO) HEFFX Highlights When Gervais Jacques was invited to speak to the Greater Vancouver Board of Trade last week about the $6 billion modernization of an aluminum smelter in Kitimat in 2014 and 2015, the context of the discussion was free trade with the U.S. The U.S., after all, is a major […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights Andrew Mackenzie, boss of mining giant BHP Billiton, doubled his take-home pay this year, after the reinstatement of his short-term bonus. Mr Mackenzie earned $4.55m (£3.35m) in the year to June 30, compared with $2.24m the year before, the company’s annual report revealed. The rise was largely because BHP […]
Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming $GLD, $SLV, $MTAFF, $IBM, $WMT To start this is gold’s step sum chart going back to November 2010. For almost a year (November 2010 to August 2011) gold’s step sum saw an amazing ascent; rising from 220 to 275 (55 net advancing days) in a […]
The price of copper took a beating and was down 1.33% at $6,468 a metric ton in London, with the rest of the base metals complex also firmly in the red. Copper prices have dived by more than 7% since hitting their three-year peak on Sept. 6. Just a week ago copper hit an intra-day […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights Australian iron ore producers fell on Monday after the price of the steel making ingredient slipped on Friday. BHP Billiton, Rio Tinto and Foretescue Metals Group were among the worst performers on Australia’s benchmark S&P/ASX 200, after iron ore with 62 per cent iron content for delivery to Qingdao […]
South32 Ltd (ASX:S32) Could Hit $5 SOUTH32 FPO closed up 0.030 at 3.120. Volume was 6% below average (neutral) and Bollinger Bands were 10% wider than normal. Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on […]
Rio Tinto has formally opened its new $US338 million Silvergrass iron ore mine in Western Australia’s Pilbara region. The 10 million tonne per annual operation is the company’s 16th mine and represents the first new iron ore mine in Australia since the opening of Gina Rinehart’s Roy Hill mine. Rio Tinto chief executive Jean-Sebastien Jacques […]
BHP Billiton has announced a board shake up that will see Grant King depart just six months after his appointment “owing to concerns expressed by some investors”. The company said Mr King had decided not to stand for election to the board and would retire from the role on August 31. The former chief executive […]
America’s Manufacturers Are Thriving Under President Trump $DIA, $SPY, $QQQ, $VXX America’s manufacturers are showing signs of fabricating some genuine momentum. The NAS Comp (QQQ) moved back into record territory, climbing 2.7% to close the week at a new all-time high Add to that, improvement among US builders and miners and the US is finally […]
Although the market has bounced back from yesterday’s decline and is up 0.3% in morning trade, the Fortescue Metals Group Limited (ASX: FMG) share price and the Atlas Iron Limited (ASX: AGO) share price have sunk deep into the red. At the time of writing the shares of the two leading iron producers are down 2.5% and 5%, respectively. Why have […]
US mining giant Freeport McMoRan has signaled it believes a breakthrough agreement allowing it to continue operating a massive gold and copper mine in Indonesia will win the approval of Rio Tinto. Indonesian Energy and Minister Resources Minister Ignasius Jonan said on Tuesday that after “tough negotiations” Freeport had agreed to give up its majority stake […]
BidaskClub upgraded shares of BHP Billiton Limited (NYSE:BHP) from a buy rating to a strong-buy rating in a research note published on Saturday. A number of other equities analysts have also recently issued reports on BHP. Zacks Investment Research upgraded shares of BHP Billiton Limited from a strong sell rating to a hold rating in a research note on […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights BHP Billiton intends to sell its nickel division despite its decision to invest $US43 million in boosting its capacity to meet demand created by the boom in electric vehicles. In revealing that in the long term it will probably sell Nickel West, which operates in Western Australia, BHP is […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Engineering firm WorleyParsons has edged fancied rivals by gaining a foothold in Rio Tinto’s proposed next big iron ore development in the Pilbara. Rio Tinto selected WorleyParsons to provide engineering services to support the feasibility study phase of the $US2.2 billion ($2.8 billion) Koodaideri project. The $31 million study […]
BHP Billiton Limited (ADR) (NYSE:BHP) Back on Track BHP reported a return to profit Tuesday as strong commodity prices helped it bounce back from a large loss last year, with the mining giant also flagging the sale of its US shale assets. The world’s largest miner recorded an annual net profit of 5.89 billion for […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Rio Tinto has hailed a more productive dialogue with the State Government as the resources industry works to improve its image with regional communities. The mining giant hosted WA Premier Mark McGowan on a tour of its Dampier port facilities this month to highlight the work being done to […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights BHP Billiton has hit the button on a $2.46bn (£1.9bn) project to expand a giant copper mine in northern Chile, as it looks to feed rising demand for the red metal. The long-awaited plan will extend the life of its Spence mine by 50 years, and comes as investors […]
US Factory Output Declines on Slowing Auto Production A slump in motor vehicle production pushed down US factory output unexpectedly in July, Federal Reserve data showed Thursday. Highlights of Industrial Production (July) Factory output dropped 0.1% (est. 0.2% gainer) after 0.2% gainer Total industrial production, which also includes mines and utilities, increased 0.2% (est. 0.3% […]
S&P 500 Copper (Sub Ind) (INDEXSP:SP500-15104025) S&P Copper closed up 8.048 at 148.592. Volume was -0% below average (neutral) and Bollinger Bands were 20% wider than normal. Open High Low Close Volume___ 148.592 148.592 148.592 148.592 […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights RBC Capital Markets’ Tyler Broda turned slightly less bullish on Rio Tinto plc (ADR) RIO 1.23%by downgrading the London-listed stock rating from Top Pick to Outperform with an unchanged 4,200p price target, which implies upside from Tuesday’s opening price of 3,382.50p. One of the reasons to support a continued […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights “Think Smart” yell the billboards across Sydney, Melbourne, Brisbane and Perth. “Tell BHP it’s time for CHANGE.” The slogan is a play on BHP Billiton’s recently unveiled strapline “Think Big”, and the advertising campaign is the latest salvo from activist investor Elliott Advisors, which wants the world’s biggest mining […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Metal prices are likely to remain volatile for the rest of year, the boss of mining group Rio Tinto has warned, while promising investors the company can keep delivering healthy returns. The FTSE 100 miner has benefitted from a recovery in the price of iron ore, the steelmaking ingredient […]
BC Iron Limited (ASX:BCI) HEFFX Highlights BC Iron Ltd (BCI.AX)’s closing price of $0.175 has closed above it’s Parabolic SAR reading, indicating a potential trend reversal. Parabolic SAR (or PSAR) is a simple, compact indicator that can provide some useful information when taking into account additional trends and factors. It is not typically recommended, however […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights When Rio Tinto opens the resources sector reporting season tomorrow, the focus will be on increased cash returns, not governance issues, even after Rio’s Guinea problems were upgraded to a corruption probe last week and its lead independent director recently stepped down over separate fraud charges. Investors will be […]
Shares of Fortescue Metals Group Ltd (FMG.AX) is moving on volatility today 5.90% or $0.32 rom the open. The ASX listed company saw a recent bid of $5.74 on 35180000 volume. Investors may be looking for the next positive catalyst to create a solid breakout. Some may be wondering when the party will end, and it remains to be seen if excess […]
OZ Minerals Limited (ASX:OZL) HEFFX Highlights Australian copper and gold miner OZ Minerals has delivered a solid second quarter production report and grown its cash pile to $625 million. Cooper production rose 12 per cent from the first quarter to 28,163 tonnes and the company remains on track to meet full-year production guidance of between […]
BC Iron Limited (ASX:BCI) HEFFX Highlights Needle moving action has been spotted in BC Iron Ltd (BCI.AX) as shares are moving today on volatility 14.71% or $0.025 from the open. The ASX listed company saw a recent bid of $0.195 and 4290000 shares have traded hands in the session. Market watchers diligently track the companies […]
BHP Billiton Limited (BHP) has surged 0.83% and closed its last trading session at $41.14. Now we will discuss the financial strength of BHP Billiton Limited. The company’s average Piotroski F-Score: 5 during the last 7 years. Its mean Altman Z-Score: 1.65 during the last 7 years, while average Beneish M-Score: -2.64 during the last […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Rio Tinto is poised to return more cash to shareholders next week with the miner set to unveil a healthy interim dividend and more money for share buybacks after enjoying rising commodity prices. The FTSE 100 company could increase returns to shareholders by up to $2.5bn (£1.91bn) when it […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights Independent Research GmbH set a GBX 1,350 ($17.59) price objective on BHP Billiton plc (LON:BLT) in a research note published on Thursday, July 20th. The firm currently has a neutral rating on the mining company’s stock. Several other brokerages also recently commented on BLT. Citigroup Inc. reaffirmed a buy […]
BHP Billiton Limited (NYSE:BHP) opened at 41.14 on Friday. BHP Billiton Limited has a 52-week low of $28.77 and a 52-week high of $41.79. The stock’s 50 day moving average is $36.96 and its 200-day moving average is $37.36. The stock has a market capitalization of $109.47 billion, a price-to-earnings ratio of 44.14 and a […]
The Australian company shipped 44.7 million tonnes of iron ore in the June quarter, a 13% increase from the March quarter and a 3% rise from the same time last year. The company shipped 170.4 million tonnes in the 2017 fiscal year and is aiming to maintain shipments around the same level in 2018. Cash […]
Rio Tinto Group faces a probe by the U.K.’s Serious Fraud Office over its business dealings in Guinea, just months after Australia’s federal police started an investigation into payments relating to the $20 billion Simandou iron ore project in the African nation. The prosecutor said in a statement Monday it was investigating the conduct of the […]
Cimic Group Ltd (ASX:CIM) HEFFX Highlights CIMIC Group Ltd (CIM.AX) shares have moved above the Chalkin Money Flow zero line, indicating potential buying momentum for the shares. The Chaikin Money Flow Indicator is an oscillator developed by Marc Chaikin. An oscillator is an indicator that is used as a counter trend showing when the market […]
BHP Billiton Limited (ASX:BHP) Surge Up With Copper Australian mining stocks are on fire Wednesday morning after copper prices surged 4% to a two year high overnight. BHP Billiton (BHP.AU), the world’s largest miner, is up 3% and Rio Tinto (RIO.AU) is also up 3%. Copper is trading around $2.87 a pound. But the star […]
South32 Ltd (ASX:S32) HEFFX Highlights South 32, the spin-out of orphan assets from mining giant BHP Billiton, has benefited handsomely from the surge in metal prices in the latter part of 2016, but has opted to hang on to a large chunk of its cash. The miner earned a net profit of $US620 million ($804 […]
Freeport-McMoRan (FCX) has just reported its second-quarter results, which are very interesting to see in the light of ongoing problems in Indonesia and the recent upside in the copper market. The company reported adjusted net income of $0.17 per share on revenue of $3.7 billion, missing analyst estimates on earnings and beating them on revenue. More importantly, […]
The Federal Court has granted native title to 2,700 square kilometers of land in the ore-rich Pilbara to the Yinjibarndi people, an area just north of Karijini National Park incorporating FMG’s multi-billion dollar Solomon Hub mine. The decision paves the way for the Yindjibarndi people to sue Andrew Forrest’s FMG for millions of dollars in compensation. […]
Shares of the company are trading at $38.79 just above the 50 day moving average which is $36.12 and just a bit higher than the 200 day moving average of $37.23. The 50 day moving average moved up $2.67 and the 200 day average went up $1.56 or +4.19%. BHP Billiton Limited shares had a […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Rio Tinto shareholders could be set for a treat when it reveals its first half profits in August, with RBC Capital Markets saying the miner could pay a $US1 billion special dividend. The broker says Rio Tinto (RIO) is in a good position to pay out an additional dividend […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights BHP Billiton Ltd. (BHP.AU) said Wednesday it plans to step up activity in the U.S. oil-and-gas shale fields that activist shareholders are agitating for the resources company to offload. The move is expected to revive flagging onshore production volumes even as BHP continues to invest in conventional energy operations […]
Mount Gibson Iron Limited (ASX:MGX) Settlement With Koolan July 7 – Mount Gibson Iron will receive a $64.3 million business interruption insurance settlement following the failure of the Koolan Island main pit seawall in October 2014. The company temporarily suspended mining activity at the Koolan Island hematite mine’s main pit due to pit wall instability […]
BC Iron Limited (ASX:BCI) HEFFX Highlights ASX-listed BC Iron on Wednesday told shareholders that the scoping study estimated a capital cost of between A$225-million and A$255-million, with operating costs estimated at between A$19/t and A$21/t free-on-board, while Mardie was expected to generate average revenues of around A$45/t. The project would have a net present value […]
Rio Tinto Limited (ASX:RIO) Lowers Iron Ore Forecast Rio Tinto lowered its forecast for iron ore shipments on Tuesday by up to 10m tonnes — but analysts said the revised estimate would not stop the Anglo Australian mining group returning cash to shareholders and could help support the price of the commodity. Rio said it […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights BHP Billiton Ltd. (BHP.AU) said Wednesday it plans to step up activity in the U.S. oil-and-gas shale fields that activist shareholders are agitating for the resources company to offload. The move is expected to revive flagging onshore production volumes even as BHP continues to invest in conventional energy operations […]
Rio Tinto Limited (ASX:RIO) Aims To Be King It has been just over a year since Jean-Sébastien Jacques took over the reins at Rio Tinto. The 45-year-old France-born executive knows there is much more still to do to restore investor confidence in the sector. Years of profligate spending and dealmaking left the industry saddled with huge […]
It has been just over a year since Jean-Sébastien Jacques took over the reins at Rio Tinto. The 45-year-old France-born executive knows there is much more still to do to restore investor confidence in the sector. Years of profligate spending and dealmaking left the industry saddled with huge debts and a reputation as a poor steward […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights BHP Billiton Limited was upgraded to Outperform by Bernstein on the strength of the Australian company’s core mining business. BHP has traded lower than its peers in recent months, but shares are poised to return to their “intrinsic value,” analyst Paul Gaitsaid in a Wednesday note. “We now see a […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights A man has died at a Rio Tinto iron ore mine in WA’s Pilbara. The man, who police believe was aged in his early 50s was found at the Yandicoogina mine, northwest of Newman, just after midday on Tuesday. Police and Department of Mines safety officers are at the […]
Newcrest Mining Limited (ASX:NCM) HEFFX Highlights The gold miner announced that it has increased its stake in the highly sought after Brisbane-based gold mining company SolGold plc. Newcrest has invested a further US$40 million in the London AIM-listed company and now holds 14.5% of the issued equity in SolGold. Late last year mining giant BHP […]
Rio Tinto plc (ADR) (NYSE:RIO) HEFFX Highlights Rio Tinto shareholders have given their backing to the sale of the company’s Australian coal assets to China’s state-backed Yancoal for $2.69bn, spurning a bid by rival Glencore. Shareholders in the UK and Australia voted overwhelmingly in favour of the deal, with 97.2 per cent of a little […]
BHP Billiton Limited (ASX:BHP) 20/20 Hindsight HP Billiton has released a $250m (£193m) payment that will go towards rehabilitation work in Brazil, where efforts continue to clean up a deadly tailings dam collapse. The world’s largest miner by revenue will put $174m towards the Renova Foundation to aid clean-up work for the rest of this […]
President Trump Champions US Energy Dominance $USO, $UNG, $SRE Thursday, The Trump Administration said Thursday it is taking steps to expand Crude Oil drilling in the Arctic and Atlantic oceans as President Donald Trump continues to push for US “energy dominance” in the global market. The Interior Department is rewriting a 5-year drilling plan established […]
METALLA (OTCMKT:EXCFF) to Acquire Royalty & Streaming Portfolio from Coeur Mining $EXCFF, $CDE Metalla Royalty & Streaming Ltd. (CSE:MTA) (OTCQB:EXCFF) (FRANKFURT:X9CP) said Monday, that it has entered into a Share and Asset Purchase Agreement with Coeur Mining (NYSE:CDE), and certain subsidiaries of Coeur Mining. The transaction, Metalla will do the following: acquire a portfolio of three (3) […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights A former adviser to BHP Billiton and doyen of the Australian equity capital markets scene has launched an extraordinary attack on the strategy of the resources giant, including questioning its board appointment of Business Council of Australia president Grant King. Brett Paton, who is now the chairman of Escala […]
Metalla Royalty & Streaming (OTCMKT:EXCFF) Closed on Properties in Timmins, Ontario $EXCFF Metalla Royalty & Streaming Ltd. (CSE:MTA) (OTCQB:EXCFF) (FRANKFURT:X9CP) said last Friday that it has closed the transaction with Matamec Explorations Inc. to acquire net smelter return royalties on properties located in Timmins, Ontario. Details of the transaction: SUMMARY OF ROYALTIES Properties owned by […]
BHP Billiton Limited (ASX:BHP) Set to rebrand itself BHP Billiton set to rebrand itself Miner to drop Billiton from its name as part of efforts to emphasise Australian roots On Monday, the Melbourne-based company will launch an $8m advertising campaign that will play up its Australian roots and birthplace of Broken Hill, a remote mining […]
Metalla (OTCQB:EXCFF, CSE:MTA) Consolidates Canadian Extension Royalties at Hoyle Pond $EXCFF Thursday Metalla Royalty & Streaming Ltd.(CSE:MTA) (OTCQB:EXCFF) (FRANKFURT:X9CP) signed a definitive agreement with Matamec Exploration Inc. to acquire net smelter return “NSR” royalties on mining properties located in Timmins, Ontario. The upfront payment will be, C$500,000 in cash and 2,000,000/shares valued at $0.50 for […]
The Gold Miners Problem, the More They Mine, the Less There Is $ABX, $FNV, $SLW, $EXCFF, $CN.MTA There is a problem in the Gold mining business, and even the biggest mining companies cannot escape it. The more Gold they mine, the closer they are to running out. When that happens, companies scramble, do risky deals, […]
Mining Investment Bankers Seeking High Quality Junior Gold & Silver Targets $GLD, $SLV, $CU, $EXCFF Heffernan Capital Management Launches American Gold Mining Ventures Deal-making is starting to flow again in the mining sector, as the big producers return to the hunt after several years. A commodities price downturn sent metal prices falling for at least […]
World’s Top 10 Gold Mining Companies $ABX, $GG, $NEM, $AU, $KGC, $SBGL The price of Gold broke a 3-year losing streak in Y 2016, but the focus of the world’s top Gold mining companies in terms of output continued to be on cost-cutting and divestment which led to a decline in production for most of the sector’s majors. […]
China Setting Out to Consolidate its Gold Mining Industry $GLD China’s official news agency Xinhua reported this week that the country is set increase annual Gold output to 500 tonnes by the Y 2020 from around 450 tonnes currently. China overtook South Africa as the #1 miner of the precious Yellow metal in Y 2007. […]
Australian Mining Company Unearths Massive Diamond, Shares Soar ASX:LOM Lucapa Diamond Company’s shares are soaring with its recent record-breaking discovery. The Perth-based Australian mining company has just unearthed a massive 404.2 carat Diamond, sending its shares up 32% to $0.425. Based on its weight, the Diamond is estimated to be worth over $800,000. The enormous […]
Exclusive Interview With founding CEO of Metalla Royalty & Streaming, LLC $EXCFF $GG Tuesday, I sat down with Brett Heath, the founding President/Director of Metalla Royalty & Streaming, LLC (OTCMKT:EXCFF) to discuss the importance and benefits of his new enterprise to the industry, community and stakeholders in the world of precious metals mining, funding and production, […]
A Positive Look at 3 Key Players in Metals & Mining Industries $CS, $AEM, $SLW, $TECK A new Credit Suisse report takes a positive stance on some Key players in the metal and mining industries. Overall the CS analysts see improving apparent demand trends, accelerating global growth, positive earnings revisions and debt reduction as Key […]
Mining Has Been Banned Near Yellowstone National Park The US government has banned new mining claims close to Yellowstone National Park as the Obama Administration steps up efforts to keep the extractive industry out of environmentally sensitive areas before President-elect Donald Trump takes office in January. Temporary ban affects new claims on a 30,000-acres area north of […]
China’s Overseas Direct Investment Continues Gaining Momentum China’s outbound direct investment (ODI) is surging despite weak global growth as Chinese companies continue to internationalize their business. Non-financial ODI increased 53.3% Y-Y to reach $145.96 in the January-October frame, surpassing the total for Y 2015 of about $121.4-B, according to the Ministry of Commerce on Thursday. […]
Gold Bull Sees Price Up 44% By Year’s End $GLD, $SLV, $GG, $MUX Gold Bull Robert McEwen seeing Gold’s price up as much as 44% by the end of the year as confidence in the US economy fades. The precious Yellow metal could trade in a range of 1,700 – 1,900 by the end of […]
Queensland’s Mineral Exploration Spending Dives The latest exploration statistics from the Australian Bureau of Statistics simply confirm that exploration in Queensland is “on its knees”. For the 4th year running, the annual spending on exploration for minerals in Queensland has declined. Just 4 years ago, Queensland was investing almost AU$250-M each Quarter in mineral exploration. […]
