Category: Commodities
Energy inefficiencies jeopardizing Peru’s mining future
Lack of investment and long-term planning in the Peruvian electrical system are threatening to wreck billionaire mining projects, considered key to the economic growth of the country, reports today one of the major local newspaper.
Ben Graham’s curse on gold
It seems that the mainstream investment community only takes a break from ignoring gold to berate it: one of gold’s most outspoken critics, uber-investor Warren Buffett, did so recently in his latest shareholder letter. The indictments were familiar; gold is an inanimate object “incapable of producing anything,” so any investor holding it instead of stocks is acting out of irrational fear.
NovaGold on its way to sell Galore Creek stake
Canadian miner NovaGold Resources Inc. (TSX:NG) said today that it has begun the process of trying to sell its 50% stake in the Galore Creek copper-gold project in British Columbia, in order to fully focus on its flagship Donlin gold project in Alaska, in a stament announcing its poor Q4 results.
Mining and Energy stocks back Canadian and American markets
Stocks struggle Wednesday morning as risk trades were daunted by dreary economic activity figures on both sides of the globe and the Greek post-deal aftermath.
Oilsands as ‘carbon bomb’ debunked
ndrew Weaver isn’t what you’d call an oilsands apologist.
Weaver, who holds the Canada Research Chair in Climate Modelling and Analysis at the University of Victoria, was a lead author with the UN Intergovernmental Panel on Climate Change. He is one o…
What will happen to First Uranium
It is no secret that First Uranium is in a pickle. Releasing a forecast that shows its cash will run out by the end of March will be cold comfort to shareholders and creditors alike.
One million dollar diamond to be auctioned in Vancouver
An emerald cut diamond valued between $900,000 and $1 million is set to be auctioned in Vancouver on Sunday at the Sutton Place Hotel.
Chinese have invested $14 billion in the oil sands, and that’s a good thing
A think tank is pushing back against the perception that Chinese firms are locking up Canadian resources, but rather are providing an important financial boost to the sector.
In search of the restless metal
Silver has been its normal restless self this last year, but holders of silver bullion might not feel adequately rewarded.
European Goldfields and Eldorado tie-up: At last investors can cheer news about Greece
The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.
