Precious & Industrial Metals
Gold hostage to stocks
Fri, 28 Apr 2017 22:41:57 +0100

Gold has had a wild ride since Trump’s surprise election win in early November.

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Chile copper output drops 23% in March on Escondida strike: government
Fri, 28 Apr 2017 21:15:00 +0100
Chile produced 378,261 mt of copper in March, down 23.1% from the year-ago month, as...
Murray subsidiary to lay off 255 employees at New Future coal mine in Illinois
Fri, 28 Apr 2017 21:09:00 +0100
A Murray Energy subsidiary has notified an Illinois state agency that it plans to lay...
Damn the deficits, huge tax cuts ahead!
Fri, 28 Apr 2017 19:19:07 +0100

While I have rarely met a tax cut I didn't like, this one just may be more likely to send the economy into a downward spiral than it is to send up to orbit.

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Sprott Monthly Market Update with Rick Rule: This bull market is in its infancy, a lot of money is about to be made!
Fri, 28 Apr 2017 19:07:01 +0100

Rick sees a very interesting market, which flirted with an upside breakout, that failed.

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Anglo American to resume operations at El Soldado mine in Chile
Fri, 28 Apr 2017 17:48:03 +0100

The company had warned it would evaluate options for the mine, including walking away form it, if it didn’t receive the necessary permits.

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Norway's Hydro ups 2017 aluminum demand growth forecast to 4-6%
Fri, 28 Apr 2017 14:58:00 +0100
Norsk Hydro is raising its aluminum demand growth forecast for this year, the Norwegian producer...
European ferrovanadium comes off as market turns quiet
Fri, 28 Apr 2017 14:57:00 +0100
European ferrovanadium came off on the week as sources said offers from producers and traders...
China iron ore concentrates price rebounds 15.3%, tracking steel market
Fri, 28 Apr 2017 14:56:00 +0100
The Chinese domestic price of iron ore concentrates rose Yuan 85/dmt ($12.30/dmt), or 15.3%, on...
Norilsk Nickel sues Botswana over thwarted mine stake deal
Fri, 28 Apr 2017 13:17:24 +0100

The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.

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Gold prices consolidate but hold up better than expected
Fri, 28 Apr 2017 12:47:20 +0100

FastMarkets In precious metals this morning, Friday April 28, platinum and palladium prices lead the gains with prices up 0.6%...

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BHP Billiton in 'advanced' talks to sell Cerro Colorado copper mine in Chile
Fri, 28 Apr 2017 11:50:19 +0100

The company has officially informed workers of its plans to offload the mine, noting that while there are several interested parties, the process could take months.

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China's Q1 gold output dips 9.3% yearly at 101.2 mt; consumption jumps 14.7%
Fri, 28 Apr 2017 10:04:00 +0100
World's top gold producer and consumer China produced 101.197 mt (2.95 million oz) of gold...
CHART: Behavioural finance points to $1,050 gold price
Fri, 28 Apr 2017 06:02:50 +0100

Safe haven buying won't sustain gold price at today's levels shows global economic sentiment index.

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AngloGold halts work at giant Colombian project
Fri, 28 Apr 2017 00:30:37 +0100

$2 billion La Colosa project boasts reserves of over 25m ounces of gold.

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Goldcorp shares slide after drop in output
Fri, 28 Apr 2017 00:08:08 +0100

Slump in production at Cerro Negro and Red Lake mines behind 153koz year on year drop in first quarter.

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More activity but no trades this week in US CSAPR market
Thu, 27 Apr 2017 22:40:00 +0100
Brokers noted a more active US Cross-State Air Pollution Rule market this week, with an...
Lumber tariff could boost Canadian gold miners
Thu, 27 Apr 2017 19:27:24 +0100

The tariff the Trump Administration plans to slap on Canadian lumber imports should lead to a further weakening of the Canadian dollar.

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Newfoundland’s champion moves towards gold production – Maritime Resources Corp.
Thu, 27 Apr 2017 18:43:30 +0100

The hottest province for mining exploration is not Ontario, Quebec, or even the Yukon. It is actually Newfoundland, where a staking rush has quietly taken over the province.

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Philippines extends mining ban, now forbids open-pits
Thu, 27 Apr 2017 15:45:10 +0100

Prohibition only affects planned mines, not the ones currently in operations, but it will take effect immediately.

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South32 lowers South African thermal coal production guidance for fiscal 2016-17
Thu, 27 Apr 2017 14:49:00 +0100
Australia-listed South32 has lowered its fiscal 2016-2017 (July-June) coal production guidance for its South African...
Vale’s first quarter profit lower than expected as rains hurt iron ore output
Thu, 27 Apr 2017 11:34:31 +0100

Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.

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Gold prices drift in quiet conditions
Thu, 27 Apr 2017 08:43:19 +0100

FastMarkets Gold and the other precious metals are little changed this morning, Thursday April 27, with spot gold prices off...

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Weak power demand, flat stockpiles keep pressure on coal prices
Wed, 26 Apr 2017 22:49:00 +0100
February's US power demand of 288.4 TWh, which the US Energy Information Administration announced Tuesday,...
Copper, lead, zinc prices to stay on the boil
Wed, 26 Apr 2017 20:46:56 +0100

New World Bank outlook for commodities predict 32% price jump for zinc and 18% for copper and lead, but outlook for nickel price in 2017 is murky.

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Fresnillo silver output up almost 11pct in first quarter, but gold falls
Wed, 26 Apr 2017 16:33:46 +0100

The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.

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Industry group urges UK to stay in EU carbon market post-Brexit
Wed, 26 Apr 2017 14:44:00 +0100
Carbon market industry group the International Emissions Trading Association has urged the UK to stay...
BHP puts US shale assets back on the block amid investors pressure
Wed, 26 Apr 2017 11:48:36 +0100

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

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Gold prices hold up relatively well, weaker dollar helping
Wed, 26 Apr 2017 08:50:43 +0100

FastMarkets Gold and silver prices are little changed this morning with spot prices at $1,263.25 per oz and 17.57 per...

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Gold stocks sell off – Barrick drops 11%
Tue, 25 Apr 2017 22:15:52 +0100

Gold price under pressure.

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Loulo-Gounkoto sets sights on another big year as Morila legacy project takes shape
Tue, 25 Apr 2017 20:12:47 +0100

The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.

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Freeport shares off to the races on Grasberg update
Tue, 25 Apr 2017 18:05:57 +0100

World's top listed copper miner cuts production outlook for the year, but impact of dispute with Jakarta more contained than thought.

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Sibanye Gold investors OK $2.2bn acquisition of Stillwater
Tue, 25 Apr 2017 17:10:35 +0100

Shareholders voted overwhelmingly in favour of the cash takeover, which will make the South African firm the world's No.3 palladium producer and No.4 platinum group metals miner.

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Caterpillar soars as first quarter sales jump for first time in over two years
Tue, 25 Apr 2017 11:47:48 +0100

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

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Newmont lifts gold production by 9%
Mon, 24 Apr 2017 22:24:26 +0100

World number two gold miner increases output to 1.23m ounces in the first quarter – Ghana expansion will add more ounces from next year.

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Silver reaching a major inflection point – investors beware
Mon, 24 Apr 2017 19:58:33 +0100

David gives credit to Ted Butler’s continual analysis of the Commitment of Traders report, which David highlight’s often in his newsletter.

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ORENINC INDEX up as gold sees volatility
Mon, 24 Apr 2017 18:15:41 +0100

The Oreninc Index showed growth again in the week ending April 20th, 2017 to 65.15 from 54.67, despite gold having a volatile week.

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Sandvik starts the year with better-than-expected profit
Mon, 24 Apr 2017 17:06:46 +0100

Miners have begun spending in equipment again, the Swedish firm's results show.

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More iron ore comes to the market as Anglo’s output soars in Q1
Mon, 24 Apr 2017 14:05:09 +0100

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

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Galantas Gold plummets as it halts Irish mine expansion on terrorism fears
Mon, 24 Apr 2017 11:35:16 +0100

The miner had to put its plans on hold because the Police Service of Northern Ireland said it cannot secure daily anti-terrorism cover for its blasting operations at Omagh gold mine.

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Gold prices drop following French election result
Mon, 24 Apr 2017 10:15:16 +0100

FastMarkets Gold prices are weaker this morning, Monday April 24, on the back of the results of the first round...

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Mount Polley permitted to pipe treated wastewater into Quesnel Lake
Mon, 24 Apr 2017 00:23:57 +0100

Imperial Metals (TSX:III) has been granted a water discharge permit from the B.C. government that will allow the company to flow treated mine wastewater from the Mount Polley mine into Quesnel Lake.

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BHP top shareholders step up pressure for oil spinoff
Fri, 21 Apr 2017 18:19:53 +0100

They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.

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Strike at Escondida hurt Rio Tinto copper output
Fri, 21 Apr 2017 12:27:03 +0100

Production for the first three months of the year slumped 37% compared with the same period of 2016.

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Gold prices consolidate recent gains, expect increased volatility around the French election
Fri, 21 Apr 2017 09:54:54 +0100

FastMarkets Gold and the rest of the precious metals prices are little changed this morning, Friday April 21, with spot...

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Minaurum gold advancing Alamos Silver
Thu, 20 Apr 2017 23:40:15 +0100

Thibaut Lepouttre, editor of Caesars Report, profiles Minaurum Gold, which is developing the historic Alamos project in Mexico, and interviews geologist Peter Magaw, a director of the company.

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Vale’s iron ore output just hit another record
Thu, 20 Apr 2017 16:22:08 +0100

Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.

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Goldcorp begins friendly $247 million takeover of Exeter
Thu, 20 Apr 2017 14:08:11 +0100

Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.

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Mining’s environmental accomplishments unknown to American voters
Thu, 20 Apr 2017 11:00:58 +0100

A new poll by Morning Consult for the National Mining Association (NMA) shows that most American voters are unaware of the environmental and technological advancements in teh industry.

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Gold prices consolidate as high prices attract profit-taking
Thu, 20 Apr 2017 09:55:34 +0100

FastMarkets Gold and silver prices are little changed this morning, Thursday April 20, with spot gold prices at $1,279.60 per...

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Minjar Gold attempt to grab Barrick’s stake in Super Pit falls through
Thu, 20 Apr 2017 00:00:14 +0100

The firm, a unit of Shanghai-listed Shandong Tyan Home, reportedly walked away from the deal due to recent tightened controls in China on outbound investment.

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Recent Escondida strike may push Chile into recession
Wed, 19 Apr 2017 18:54:11 +0100

Analysts believe that would increase the chances of the country joining Latin America’s ongoing political drift to the right in November’s elections.

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Silver prices poised for bullish run — experts
Wed, 19 Apr 2017 15:08:52 +0100

Speculators are long a net 105,515 silver futures contracts — the highest bullish position since Bloomberg records began in 1993 and more than three times the average weekly net long over that period.

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Ecuador mining industry to grow eightfold by 2021 — report
Wed, 19 Apr 2017 11:43:48 +0100

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

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Gold prices hold up, expect increased volatility
Wed, 19 Apr 2017 09:15:30 +0100

FastMarkets Gold prices are holding up well this morning, Wednesday  April 19, with spot prices little changed at $1,289 per...

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Freeport, Indonesia work out initial Grasberg exports deal
Tue, 18 Apr 2017 16:00:19 +0100

The Indonesian unit is now in the process of obtaining a full export permit.

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Jack Chan's weekly gold and silver update: The correction Is over
Mon, 17 Apr 2017 21:47:08 +0100

Technical analyst Jack Chan charts the completion of the gold market’s long correction.

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Gold prices up on heightened political and geopolitical concerns
Thu, 13 Apr 2017 08:40:28 +0100

FastMarkets Gold and silver prices are consolidating, down 0.2% and 0.1% respectively this morning, Thursday April 13, with spot gold...

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Iron ore, copper price plunge brings carnage to mining stocks
Wed, 12 Apr 2017 22:44:58 +0100

Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.

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Gold prices struggle to hold on to gains
Mon, 10 Apr 2017 09:35:53 +0100

FastMarkets Spot gold prices are up 0.1% this morning, Monday April 10, at $1,254.44 per oz, this follows a 0.2%...

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U3O8 Corp. stakes the old La Niquelina uranium-cobalt-nickel mine
Sun, 09 Apr 2017 23:05:11 +0100

Mineralization was discovered at La Niquelina in 1944, with modest production from a small underground mine in the early 1950's.

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Gold prices set a fresh high for 2017
Fri, 07 Apr 2017 11:21:45 +0100

FastMarkets Given the geopolitical developments with the USA attacking a Syrian air base, base metals prices have been little affected,...

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Buy precious, sell base (metals)…..
Thu, 06 Apr 2017 22:22:38 +0100

Precious metals expert Michael Ballanger explains why he believes base metals are overbought and precious metals, especially silver, are set to appreciate.

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BC mining financing dropped 40% in 2016
Thu, 06 Apr 2017 17:01:53 +0100

The mining industry still received 29% of the Canadian province’s top-grossing corporate financing deals.

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Top 50 biggest mining companies
Tue, 04 Apr 2017 02:29:07 +0100

Combined worth of $842 billion with 20% gains so far in 2017.

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This firm may make coal’s future a lot brighter
Mon, 03 Apr 2017 11:49:08 +0100

Australia’s Dotz Nano has found a new use for coal that could be a welcome boost to the dying industry, particularly in the US.

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Precious metals are in alignment for a major ascent
Thu, 30 Mar 2017 22:31:41 +0100

Precious metals expert Michael Ballanger discusses silver's recent price performance and why he believes precious metals are in alignment for a major ascent.

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Vale’s new CEO Schvartsman a political move in the right direction — analysts
Tue, 28 Mar 2017 17:56:16 +0100

Fabio Schvartsman will lead the transition of the world’s largest iron ore miner into a new shareholding structure.

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This precious metal has surged 32% in 2017
Mon, 27 Mar 2017 19:12:46 +0100

Rhodium jumps back above $1,000 an ounce for the first time in nearly two years.

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How to build a mine
Fri, 24 Mar 2017 22:22:02 +0000

There are three key components to building a mine, starting with a competent, experienced management team.

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Making the grade: understanding exploration results
Fri, 24 Mar 2017 21:59:13 +0000

The most exciting news from a mining exploration stock is a high-grade drilling result.

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$5.5 billion private capital ready to invest in mining
Mon, 20 Mar 2017 23:32:28 +0000

"Investors are willing to back their positive sentiment towards natural resources with fresh capital commitments," says new study.

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CHARTS: Hedge funds turn commodity bears at record pace
Mon, 20 Mar 2017 19:29:04 +0000

Large-scale futures speculators sour on commodity sector in a big way – bullish bets on gold price cut by nearly 50%, most since 2015.

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Indian billionaire Agarwal goes after 12% of Anglo American
Thu, 16 Mar 2017 10:01:16 +0000

Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.

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Dieselgate hasn't hurt platinum price
Thu, 09 Mar 2017 18:01:09 +0000

Strong ETF inflows, rising autocatalyst demand despite Volkswagen emission scandal combined with falling mine supply to boost platinum price says new study.

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