There won’t be enough copper to meet Chinese demand by the middle of the next decade, Adrian Day, president of Adrian Asset Management in London, told a group of investors at The Cambridge House conference last week in Toronto.
U.S. stocks slipped during the Sept. 24-28 trading week as the economic situation in Europe appeared to worsen and a third round of quantitative easing in the U.S. seemed to lose its magic, re-igniting concerns about economic growth.
Gold miner B2Gold (BTO-T) looks to be banking on its proven ability to operate in difficult locales, as it moves forward with a US$1.1-billion, all-stock friendly bid for Australia’s CGA Mining (CGA-T, CGX-A), and its Masbate gold mine in…
A preliminary economic assessment of New Gold’s (NGD-T) Blackwater gold project in central B.C., 112 km southwest of Vanderhoof, suggests it should generate robust economic returns, even at a gold price that is US$500 per oz. below where…
Alpha Natural Resources (ANR-N), the number-two coal miner in the U.S., may have its credit ratings lowered by Standard & Poor’s after curbing production and shutting eight coal mines, to stay profitable as demand drops.
It appears that Cameco(CCO-T, CCJ-N), Canada’s major uranium power, is viewing a downswing in uranium markets as an opportunity to diversify its project portfolio, and acquire another foothold in Australia.
Post-apartheid South Africa has provided duelling optimists and pessimists with plenty of fodder to back up their long-standing positions. There have been unabashed triumphs — such as the country’s avoidance of Zimbabwe-style…
On Aug. 22, 2012, the U.S. Securities and Exchange Commission adopted a final rule establishing new disclosure and reporting obligations on companies whose products contain so-called “conflict minerals.” This new disclosure requirement will…
In the article “Pretium cuts Brucejack’s resource” (T.N.M., Sept. 24–30/12), it was incorrectly stated that the company had a 24,000-metre drill program with six rigs at the project. In fact, Pretium has a total 100,000-metre…
While Lonmin (LMI-L) has ended a bloody labour dispute at its Marikana platinum mine near Rustenburg in South Africa that left 46 dead, other miners in the country are demanding higher wages.
Toronto Stock Exchange
Spot pricesCourtesy of ScotiabankTuesday, September 25, 2012Precious MetalsPrice…
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