“The permitting process is arduous, it’s often unclear which levels of government will participate, and multiply that by Canada’s general acceptance of interference from foreign nongovernmental agencies (NGOs) against mineral development projects, and it quickly becomes clear that Canada is somewhat in retreat in terms of exploration,” Roosen says in an interview. “It appears to […]
Max Keiser continues his interview with James Turk of Gold Money about bitcoin and gold to find out which asset could be considered as a hedge and why. “Bitcoin is the currency of the future because it has proven to be an escape currency, it’s a way of getting your purchasing power into something that’s […]
(Bloomberg) — Gold touched a more than three-month high, buoyed by signs that money managers and exchange-traded fund investors are turning more positive on the precious metal. Hedge fund managers increased their long-only position in U.S. futures and options by 12% from a week earlier, the most since June, according to government figures on Friday. […]
In their paper, which was published in the journal Nature Communications, the experts explain that even though gem-quality diamonds are nearly pure lattices of carbon and carry very little information about their ages and origins, lower-grade specimens harbour imperfections in the form of tiny pockets of liquid, which are remnants of the more complex fluids […]
Central bankers who handle overseas foreign money reserves have been turning to new — and riskier — investments to compensate for the worldwide collapse in bond yields ushered in by the pandemic, in response to a brand new survey. The annual ballot of 78 reserve managers with a mixed $6.4tn of belongings discovered that the […]
A few days later, on May 9, 2021, a district court imposed a $3.1 billion fine on Kumtor Gold Company, which is Centerra’s local unit in charge of running its namesake operation and which was found to have breached environmental laws by placing waste rock on glaciers, according to private civil environmental claims. The Kyrgyz […]
Even though LFP batteries offer a shorter range on a single charge than nickel/cobalt systems, they are making a comeback thanks to their safety, low cost, and the simplified battery pack design that they allow. This has been the case particularly in China, where new regulations require EVs to inhibit any fire or explosion within […]
As Americans warily eye new data showing both consumer and producer price inflation heating up beyond expectations, few of them realize the Federal Reserve has an explicit goal to relentlessly degrade the purchasing power of their savings. The Fed weakens the dollar—and pushes prices higher—by creating new money and pushing it out into the economy. […]
The government has repeatedly said the budget cannot afford to meet the salary demands of the union. “The strike notice remains in force due to a lack of a agreement with the government,” UNTM chief Yacouba Katile said on Friday. It follows a similar strike in December, when a number of big international gold mining […]
The number was driven by two major deals: an Australian company’s C$495 million purchase of the Red Lake Gold Mine complex and a Chinese firm’s C$323 million acquisition of Guyana Goldfields and Aranka Gold. The deals also place mining second overall in attracting Asia-Pacific FDI since 2003 with C$35.9 billion. That is behind only the […]
[embedded content] Back in December, Saxo Bank’s Steen Jakobsen predicted a massive boom in commodity prices was dead ahead. Not many others shared that view back then. But, boy, was he ever right. Commodity prices have exploded in the five months since that interview was recorded. And more important, in his eyes we ain’t seen […]
(Adds dropped letter in penultimate paragraph) By Herbert Lash NEW YORK, May 14 (Reuters) – Treasury yields slid on Friday after U.S. retail sales unexpectedly stalled in April as the boost from government stimulus checks faded and bond investors heeded the Federal Reserve’s view that a jump in inflation will be temporary. The yield on […]
It also send a clear message to companies holding permits in the country but not moving forward. Ethiopia, which has a mostly artisanal mining industry, is on a quest to woo foreign companies to start projects in the country, which is rich is potash, gold, tantalum, sapphires and construction minerals. Gold mining has seen a […]
“The Chinese government has announced clear plans to raise NEV sales to 20% of the automotive market by 2025, and 50% by 2035, and as time goes on, these look more and more achievable,” the document reads. In addition to this, the analyst believes that the Asian giant may start to target international buyers in […]
Bars of 100-ounce silver are stacked inside The Safe House, a vault operated by Silver Bullion Pte, in Singapore. Nicky Loh | Bloomberg | Getty Images It’s often overlooked in favor of its lustrous cousin gold, but the price of silver has jumped over 70% in the last year, with commodity strategists saying the rally […]
Vale, the world’s second-largest shipper of the steelmaking ingredient, has surged about 90% in six months. Yet, the stock is fetching less than five times estimated earnings, down from more than six at the start of the year. Midday Thursday, Vale’s stock was down 2% on the NYSE. The company has a $108 billion market […]
I’m not saying nothing else can do the job before inflation fully gets here, just that the kind of inflation I’ve been writing about certainly will do it if nothing else does. That’s what terrifies the market and for a very good reason that may not be the first one that comes to some investors’ […]
The project is expected to generate 30 gigawatts of energy from offshore wind by 2030, enough power for 400,000 homes and businesses. The Record of Decision issued this week grants Vineyard Wind final federal approval to install 84 or fewer turbines off Massachusetts The Record of Decision issued this week grants Vineyard Wind final federal […]
No, TARGET2 is not a video game. The term is never mentioned in the media, yet it is the crucial point of fragility of the euro. A note from the French Treasury (Les déséquilibres TARGET2 en zone euro – TARGET2 imbalances in the euro zone) clumsily attempts to defuse this risk. Let’s analyze it closely. The euro is […]
According to the challenge’s founding patrons, current stationary charging systems require substantial time to charge large trucks, which results in significant lost productivity. Thus, the mining industry needs multi-megawatt scale fast charging concepts capable of delivering around 400kWh to charge and propel a truck within the truck’s haul cycle, which includes load, travel, dump, return, […]