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Peak Resources: low development cost, long life mine and high (for Tanzania) hopes of mineral diversity

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In 2012 gold made up 94% of Tanzania's mineral exports. The country is the third largest gold producer in Africa, but now it wants to do more. A report out of Britain this week shows that the country is, by 2018, looking to diversify into other metals. The Business Monitor International report cites coal, nickel and uranium as new areas, but the quarterly report out this week from Peak Resources (ASX:PEK) reminds us that Tanzania is likely soon to be a player in the rare earth sector, with that company aiming…

As information continues to bombard us every day, there’s a need to keep some perspective

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In the mining business there’s always the risk of over-reach. Back in mid-2011, Citigroup Global Markets added up the 400 largest greenfield mining projects around the world and the capital commitment through to 2020 for those totalled close to $500 billion — or half a trillion, to put that figure in more dramatic terms. But the analysts also calculated that some twenty-four per cent of those projects were unlikely to be delivered. We await Citigroup someday going back to do an update. I bet the situation compared to their forecasts could…

Lithium just one of several markets that could do with some transparency

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It requires a considerable amount of detective work to keep tabs on rare earth prices, and what is going on in the tungsten, antimony, graphite and several other metals. It is not just a matter of clicking on the webpage of the London Metal Exchange, as one can do with the base metals, or checking Comex prices for the precious ones. Ditto with lithium, not surprising considering that 80% of world output is produced by just four companies. In fact, lithium (to extrapolate from a point made this week by Christopher…

Electric car materials jet fuel market and uranium gains a pulse

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InvestorIntelReport, June 2014: The InvestorIntel Gold, Base & Precious Metals members lead for the month of June 2014, up +19.01%; driven by gold and graphite player -- Triton Minerals ASX: TON +171.43%. Congratulations Triton as shareholders responded favorably to their June 23rd news release: Significant High-Grade Graphite Intersected at Nicanda Hill and catapulted them to #3 market cap in the graphite sector overnight. Also, please allow me to formally introduce InvestorIntel client Ron Tremblay, President & CEO for Levon Resources – as OTCQX: LVNF lifted +28% and TSX: LVN was up…

The great blank that was the Manchester graphene conference

It was billed as one of the key discussions about the wonder material. And it was held in Manchester, where graphene was discovered. Graphite is grabbing headlines, graphene is now starting to join it in the spotlight. Therefore, clearly this was a major news event especially as some of the leaders in the field were presenting papers there. So, plenty of news to write about, yes? Well, no, by the look of it. Put the conference into Google News and you will see several reports that the conference was beginning on…

Asia moves to corner more of the world’s gold business

It is some coincidence: just as speculation mounts as to whether the London gold fix will survive, this week the London Bullion Market Association held its bullion market forum in Singapore for the first time. And at the forum it was announced that Singapore will in September launch the exchange-traded Singapore Kilobar Gold Contract, the first wholesale 25-kilo bar contract to be offered globally. This will allow Singapore to offer a centralised trading and clearing of a physically-delivered (my emphasis) gold contract. The announcement had this telling sentence: "With this contract,…

Discipline outweighs conviction in the financial success formula

Tom Shadyac, Director of "Ace Ventura," "The Nutty Professor," "Liar Liar,"  -- photo taken at the 22nd Annual Palm Springs International Film Festival Screenings of "I Am"
Met a friend this weekend who was somewhat distressed over an account that was down 50% over a short call. “What do you think happened?” I asked. “Discipline over conviction…” -- he replied, as he shook his head. He then added: “…my decision it seems was based on conviction, and that’s where I failed.” Hmmm, I thought nervously…as he may have just summed up the reason for every financial shortfall I have ever made since the beginning of my life experience. Shortly after our conversation, I came across a Business Insider…

Levon’s flagship Cordero project “pushing a billion tons” of silver — set to benefit from global zinc demand

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June 19, 2014 -- Tracy Weslosky, Editor-in-Chief and Publisher of InvestorIntel speaks to Ron Tremblay, the CEO, President and Director for Levon Resources (TSX: LVN | OTCQX: LVNVF) about the poly-metallic flagship silver, gold, lead and zinc Cordero project, which is located 220 km south of Chihuahua, Mexico. Levon has been developing the Levon property for about five years: “we’ve taken it from zero resource to the point where it is pushing 700 million tons of indicated and inferred resources (silver) right now and we expect that, with the new drilling,…

Arafura fills in the economic gaps as it still targets 2016 green light

Arafura-Shareholders
When you consider what rare earth hopefuls have been through over the past four years, it's perhaps amazing how many of them are still standing. Take this extract from a piece I wrote on June 13, 2011: "One US sector expert says some Chinese magnet makers are offering quotes that expire after only 72 hours, although specifying the final price will be set on delivery. And you can see why. Dysprosium was worth $US410/kg in February, $US460/kg in March, $US900/kg in April and about $US1500/kg now. Terbium, which was $US900/kg in April, is…

Iraq crisis to impact “the sovereign of all sovereigns” — gold prices

The markets have shown their sensitivity to the situation in Iraq and the effect it could have on the world oil market. Last week the U.S. index of crude rose to USD$ 107 a barrel after the Al-Qaeda militants invaded two key Iraqi cities and announced their intention to attack in Baghdad. Inevitably, the outlook of higher crude oil and energy prices will impact North European and especially North American securities, which, after reaching record highs this year, have been deemed overvalued by some analysts. The Iraqi tensions have heightened just…
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News Releases & Media

Mammoth Signs Surface Rights Agreements, Permitting Drilling at Its Tenoriba Property, Mexico

July 25, 2014 (Source: Marketwired) -- Mammoth Resources Corp. (TSX VENTURE:MTH) would like to announce that it has signed surface rights agreements that will permit drilling on its Tenoriba precious metal property (refer to press release dated April 24, 2014), in the prolific Sierra Madre Precious metal belt, Mexico. The agreements are with two ejidos (an ejido is a communal municipal governance…

Gold Set for Second Weekly Loss on Strong Economic Data

July 25, 2014 (Source: Reuters) -- Gold edged up on Friday but not far off a five-week low, and was headed for a second straight week of losses, as a strong dollar after robust economic data offset a fall in equities due to rising political tensions. Spot gold was up 0.2 percent at 1,294.36 an ounce by 1409 GMT, after losing…

India Gold Imports Seen Cooling In July

July 25, 2014 (Source: WSJ) -- Gold imports by India, the world's No. 2 consumer, are expected to plunge this month after surging in June following a relaxation of import curbs, a senior trade executive said Friday. Imports in July are expected to be 30-40 metric tons, down from around 100 metric tons in the previous month, said Harmesh Arora, spokesman…

Tinka and Darwin Announce Closing of Arrangement and Private Placement

July 24, 2014 (Source: Marketwired) -- NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. Tinka Resources Limited ("Tinka") (TSX VENTURE:TK) and Darwin Resources Corp. ("Darwin") (TSX VENTURE:DAR)(PINKSHEETS:DARWF)(FRANKFURT:DWU) are pleased to announce the closing of the previously announced plan of arrangement (the "Arrangement")…

Gold Hits One-Month Low as Strong Data Lift Stocks, Dollar

July 24, 2014 (Source: Reuters) -- Gold dropped to its lowest level in a month on Thursday, extending an earlier fall to below $1,300 an ounce as robust economic data from the United States, China and the euro zone deterred investors from buying into safe-haven assets. Spot gold fell as much as 1 percent to its lowest since June 19 at…

China Gold Imports Drop on Weaker Demand, Qingdao Metals Probe

July 24, 2014 (Source: Bloomberg) -- China’s gold imports from Hong Kong fell for a fourth month in June amid weaker demand from retailers and a deepening probe into commodities being used in financing deals. Net imports totaled 36.4 metric tons, compared with 52.3 tons in May and 100.9 tons a year ago, according to calculations by Bloomberg News based on…

Waseco Advances Nevada Gold Project

July 24, 2014 (Source: Marketwired) -- WASECO RESOURCES INC. ("WRI") (TSX VENTURE:WRI)(FRANKFURT:WSE), is pleased to provide the following update on activities relating to its Battle Mountain Ridge Gold project in Nevada: The Company has incorporated a wholly owned Nevada subsidiary which will be the operator of the project. The head office of Waseco Resources US Inc. is in Reno, Nevada. The Company…

Gold Steadies as Buoyant Equities Balance Ukraine Tensions

July 23, 2014 (Source: Reuters) -- Gold steadied on Wednesday after the previous day's drop, supported by simmering conflict in Ukraine and the Middle East, but under pressure from buoyancy in stock markets after positive U.S. data and corporate earnings. Sluggish physical demand in Asia in the seasonally quiet summer period is also weakening support for any price rally. Other than…

China’s Gold Demand Drops in First Half on Investments

July 23, 2014 (Source: Bloomberg) -- China’s gold demand fell 19 percent in the first six months of this year as investors bought fewer bars and coins, offsetting increased demand for jewelry, the China Gold Association said. Consumption in China, which passed India last year as the world’s biggest user, slid to 569.5 metric tons, the Beijing-based association said in a…

CJC Intersects 3.54 g/t Au Over 12.00 Metres and 3.58 g/t Au Over 8.55 Metres, Including 5.12 g/t Au Over 4.05 Metres at the Sakami Project

July 23, 2014 (Source: Marketwired) -- Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc. ("Matamec") (TSX VENTURE:MAT)(OTCQX:MHREF) are very pleased to report the results from holes PT-14-81 to PT-14-83, drilled in March and April during the latest exploration program on the Sakami gold property. The new results confirm the extension of the Zone 25 gold…

Gold Futures Poised to Decline on Interest-Rate Outlook

July 22, 2014 (Source: Bloomberg) -- Gold futures fell for the second time in three sessions on speculation that the Federal Reserve will raise U.S. interest rates sooner than forecast, crimping demand for the precious metal as an alternative investment. U.S. consumer prices rose 0.3 percent in June after a 0.4 percent gain in May, adding pressure on the Fed to…

Atlanta Gold To Commence Testing of its Gravity Recovery System

July 22, 2014 (Source: CNW) -- Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") has purchased process equipment to begin the assembly of the gravity recovery system as described in the Company's June 10, 2014 news release. The Company now has two semi-batch concentrators in possession and will commence testing and evaluating the performance of both concentrators doing field testing under…

Pretivm to File Preliminary Prospectus Supplement

July 22, 2014 (Source: Marketwired) -- Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announced today that it intends to file a preliminary prospectus supplement dated July 21, 2014 (the "Supplement") to its short form base shelf prospectus dated July 16, 2014, in connection with a marketed offering of its common shares (the "Offering"). The Supplement will be filed with the securities…

Gold above $1,300/Oz on Lower Shares, Geopolitical Concerns

July 21, 2014 (Source: Reuters) -- Gold rose above $1,300 an ounce on Monday as global shares weakened and political tensions simmered after the downing of a Malaysian airliner in eastern Ukraine last week and incessant fighting in Gaza. Spot gold was up 0.2 percent at $1,313.00 an ounce by 1427 GMT, while U.S. gold futures for August delivery were up…
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