Allegiance Broadens North American Coal Exposure
Acquisition of fully constructed and permitted New Elk hard coking coal mine in Colorado, USA that bridges the gap between permitting and construction of its Tenas Project in Canada.
Read MoreCommodities
Nickel Takes The Limelight, But Will It Last?
Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.
Read MoreGold Really Is Shining – My Forecasts Raised
I know this is the fifth time I am writing about gold but with the precious metal surging to fresh new multi-year highs I need to stress to readers the enormous opportunity that is being presented to investors.
Read MoreBHP On Track For Bumper Year Despite Productivity Losses
Like rival Rio Tinto, BHP has reported a rebound in iron ore output in Q4, at the same time the global mining giant has warned of $US1 billion in productivity losses for 2019, flowing from disruptions to operations across its commodities.
Read MoreRio Cashes In On Iron Ore Boom Despite Cyclone Hit
Rio Tinto also released its production update for the June quarter yesterday which confirmed the problems in its iron ore business in WA had cut output with a rise in costs per tonne.
Read MoreCosts At Rio Tinto’s Massive Mongolian Copper Mine Blow-Out
Rio Tinto shares hardly moved yesterday despite the news of a major delay and cost blowout of up to 36% of the original $US5.3 billion estimate at its huge copper mine and underground project in Mongolia.
Read MoreUranium Week: 232 Rejected
President Trump has rejected a request under section 232 to force US utilities to buy a quota of uranium from US producers.
Read MoreIron Ore Trades Higher Despite Weaker China Data
Iron ore prices ended last week with a 4% gain, as China’s trade data for June confirmed a surprise dip in imports of the steelmaking material to the lowest level in more than three years.
Read MoreGold, Oil Perk Up Over The Week
Comex gold futures ended higher on Friday in New York, while oil futures rose last week thanks to continuing tensions in the Middle East and fears about the impact of a tropical storm in the Gulf of Mexico.
Read MoreBHP, RIO Highlight Busy Week Of Resource Reports
Actual earnings this week will be few in Australia, but the big news reports will the June quarter, full year and half year production reports from the country’s major miners.
Read MoreWalkabout Moves Closer To Funding For Lindi Jumbo Project
Walkabout Resources – (ASX: WKT, Share Price: $0.39, Market Cap: $123m, coverage initiated @ $0.12 in April 2016 – current gain of 225%)
Read MoreRisks Remain, But Dacian’s Recovery Plan Highlights An Abundance Of Leverage
Newbie gold producer Dacian (DCN) served up some shock back in early June when it told the market that it should forget about its Mt Morgans operation being a 200,000 oz a year producer for 10 years at a cost of $A1,000 an oz.
Read MoreWhitehaven Shakes Off Softer Coal Prices
Shares in NSW soft coking and thermal coal exporter Whitehaven Coal ended up 5% higher at $3.83 yesterday after the market took its 2018-19 June quarter and full year report to be good news.
Read MoreEIA Cuts Global Oil Demand Forecast For 2019
More pressure on the global oil market with the US Energy Information Administration trimming its 2019 forecast for global demand for oil by 200,000 barrels a day.
Read MoreSunstone Results Show It’s In The Hunt To Be The Next SolGold – But Traders Miss The Point
Sunstone (ASX: STM) had a big day out on Tuesday when it updated the market on drilling progress at its multi-target Bramaderos project in southern Ecuador, well away from all the drama up north where 10,000 garimpeiros are said to have overrun a Gina Rinehart exploration property.
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China Price Probe Sends Iron Ore Price Tumbling
A sudden weakening in global iron ore prices now sees the commodity on the verge of a correction after China’s iron and steel lobby started whining about the impact of the sharp run-up in prices.
Read MoreOil Prices Post First Weekly Drop In Three Weeks
While oil futures climbed Friday as tensions in the Middle East continued and offset the impact of a stronger US dollar, the session’s gain wasn’t enough and prices saw their first weekly loss in three weeks.
Read MoreGalilee – The Gas Solution Australia Needs?
Combining attractive chart patterns with exciting fundamentals is in essence the perfect marriage every investor should be looking forward to. Not only does it increase the probability of success but it also improves the timing of quickly achieving a return on your investment.
Read MoreIron Ore Demand Drives Record Trade Surplus
A record trade surplus for May should be followed by a similar result for this month after successive five year plus highs for iron ore prices this week.
Read More“Persistently Tight Supply” Pushes Iron Ore Price To New High
Yet another six-year high for global iron ore with the price of 62% grade ore now up more than 6.7% in the first two days of July and a whopping 74% higher so far in 2019.
Read MoreIron Ore Hurtles To 5-Year High
Global iron ore prices have continued their 2019 surge jumping to the highest level for more than five years.
Read MoreOPEC Extends Production Cuts Out To March 2020
Global oil prices have edged higher after OPEC and its allies “enthusiastically came together” to extend their oil supply cuts until March 2020.
Read MoreIron Ore Pushes RBA Commodities Index To 2011 High
The impact of the latest iron ore driven resources boom was again underlined by the Reserve Bank’s commodities price index for June, the June quarter and the 2018-19 financial year.
Read MoreFortescue Surfs Iron Wave To Stellar Half
The winner in 2018-19 and so far in 2019 is…iron ore…with a gain of 82% over 2018-19 and the biggest winner amongst the miners continues to be Fortescue Metal.
Read MoreGold Hits Six-Year Highs, Russia Agrees To Extend OPEC Cuts
Comex gold futures edged higher on Friday in New York and notched up their biggest monthly percentage gain in three years following a climb to a nearly six-year high earlier in the week.
Read MoreBFS Confirms Prieska Copper Potential For Orion Minerals
We initiated coverage of ORN almost four years ago and we’ve witnessed the company’s steady progression, transitioning from grassroots explorer to emerging producer via the acquisition and subsequent advancement of its Areachap metal projects in South Africa’s Northern Cape.
Read MoreGold Doesn’t Need Gloom And Doom To Boom
If you let this gold bull market get away, in this cycle, there isn’t another booming sector to replace it.
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G20 Expectations Drive Gold
The future direction of gold and other commodities and markets will be set this weekend by the outcome of the offstage meeting between President Donald Trump and China’s President Xi at the G20 meeting in Osaka.
Read MoreLynas Bolsters Defences With New Debt Deal
Rare earths group Lynas Corporation has made it even harder for stalkers like Wesfarmers to muscle into the company and take control.
Read MoreA$ Gold Price Breaks New Ground
World gold prices continue to run higher yesterday and last night – topping the $A2,070 an ounce level after another round of solid gains. That’s the highest ever level for the Aussie dollar price of gold.
Read MoreUranium Week: Postponed
Uranium markets were dead quiet last week in anticipation of a possible decision from President Trump regarding 232, but they will have to wait another week.
Read MoreGlobal Uncertainty Pushes Gold To Six Year High
Thanks to the US Fed and rising tensions in the Middle East over oil ships, Comex gold futures have reached the $US1,400 an ounce level for the first time in nearly six years.
Read MoreUS-Iran Tensions Lift Oil
Like gold, oil had a very strong week – thanks to the rising tensions between Iran and the US.
Read MoreIron Ore Holds Onto Record Highs
Another record-breaking week for iron ore prices as they hit and passed through a succession of five year plus highs last week.
Read MoreSilver Swan Shines For Poseidon Nickel
The results that Poseidon is achieving with the Silver Swan drilling program, continue to impress. Most importantly, the drilling has also demonstrated that some of the DHEM indicators of sulphide potential lie outside the current resource envelope.
Read MoreHot Chili Goes From Cold To Warm In Hunt For An Economic Copper-Gold Deposit
Persistence in the Chilean coastal range is about to pay off handsomely for ASX-listed Hot Chili (ASX:HCH).
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