Appian Capital Advisory bought the Santa Rita nickel mine out of bankruptcy for $68 million and the Serrote copper-gold project for $40 million in 2018. The previous owners of the Santa Rita had already spent $1 billion building the mine. Last week, the London-HQ company sold...
Continue reading » June 23, 2023 admin Commodities No Comment For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper. The world’s second-largest bullion producer recently approached First Quantum Minerals Ltd. to discuss a potential takeover, Bloomberg reported last week. And while the move was unsuccessful — Barrick’s informal overtures...
Continue reading » June 19, 2023 admin Commodities 1 Comment First Quantum Minerals Ltd. recently rebuffed an informal takeover approach from Barrick Gold Corp., the world’s second-largest producer of the precious metal, as miners scour the globe for deals, people with knowledge of the matter said. Barrick made overtures to First Quantum in the last...
Continue reading » June 15, 2023 admin Commodities No Comment A recent presentation by S&P Global Market Intelligencemining and metals team featured a couple of graphs that crystalize the fundamental challenges facing copper mine supply. Mitzi Sumangil, associate analyst at the US-based research firm, presented a graph showing the yawning gap between copper mining companies’ profits and...
Continue reading » June 9, 2023 admin Commodities No Comment Copper demand has skyrocketed as the push for electrification of vehicles and energy sources continue to take over. The non-precious metal is important in the shift away from fossil fuels as it is critical for EVs, windmills, solar panels and even the entire power grid....
Continue reading » June 8, 2023 admin Commodities No Comment Continue reading » May 29, 2023 admin Commodities No Comment Nickel might be one of the more abundant metals in the Earth’s crust, but it’s not all about just nickel, we want class one battery grade nickel. Could you explain the difference between the class one high-grade nickel that you need for batteries and the...
Continue reading » May 29, 2023 admin Commodities No Comment Robert Friedland, Founder & Executive Co-Chairman of Ivanhoe Mines, shares his view on commodity prices and whether a supercycle is under way with Bloomberg’s Erik Schatzker at the 2023 Qatar Economic Forum. The government of the State of Qatar is the underwriter of the Qatar...
Continue reading » May 25, 2023 admin Commodities 2 Comments Pedro Palandrani, analyst at Global X ETFs, joins BNN Bloomberg to share his three picks in lithium stocks. LINK to interview on BNN.
Continue reading » May 15, 2023 admin Commodities No Comment Latest Fraser Institute jurisdictional rankings are out. LINK
Continue reading » May 5, 2023 admin Commodities No Comment