Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, June 17 2014 Precious MetalsPrice…
2014
Tentative deal could end lengthy South African platinum strike
VANCOUVER — An agreement in principle looks set to end the longest strike in South Africa’s mining history, 21 weeks after more than 70,000 platinum miners walked off the job demanding a near tripling of wages.
U.S. equities waver on global tensions, June 9-13
An insurgency by a radical Islamist group in Iraq and renewed tensions in the Ukraine put downward pressure on U.S. equity markets during the week, but pushed oil and gold prices up, lifting the fortunes of many precious metal companies. The…
The upside to the downturn
VANCOUVER — The past few years have been tough on junior miners and those who invest in them.
Canadian diamond exploration perks up
For years it seemed that juniors were fleeing from diamond exploration — and for good reason.
Open letter: Uranium, BAPE and social acceptability in Quebec
The 70 Quebec scientists and professionals from industry and academia who have signed this open letter are committed to using their know-how in an ethical, socially responsible and environmentally responsible manner. Exploration for and…
‘Peak diamonds’ on the horizon?
The fracking boom in North America may have made “peak oil” somewhat of a dated phrase, but could “peak diamonds” take its place as the catchphrase for resource investors?
Denison bulks up Wheeler River
Denison Mines (TSX: DML; NYSE: DML) has lifted the average grade of the Phoenix deposit by 11% and the contained pounds of uranium by 19% at its 60%-owned Wheeler River project in northern Saskatchewan.
Banro faces proxy battle
Just as it’s about to bring a second gold mine in the Democratic Republic of Congo (DRC) into commercial production, Banro (TSX: BAA; NYSE-MKT: BAA) is facing a proxy battle from a dissident shareholder that claims the company is…
Chinese copper collateral probe hurts ailing copper price
VANCOUVER – News that some copper stocks at the port of Qingdao were being used as collateral for multiple loans has further damaged a copper price that was already failing to thrive in 2014.
Petra Diamonds recovers 122.52 carat blue diamond
The Cullinan diamond mine at the foothills of the Magaliesberg mountain range, 37 km northeast of Pretoria in South Africa, is one of the world’s most celebrated diamond mines.
Hummingbird Resources to acquire Gold Fields’ Yanfolila
Exploration and development company Hummingbird Resources (LSE-AIM: HUM) is banking on becoming a near-term producer with the all-share acquisition of Gold Fields’ (JSE: GFI) Yanfolila project in southwestern Mali, an advanced-stage…