US markets down, March 18-22: Vale, Wheaton Precious Metals and Franco-Nevada
The Dow Jones Industrial Average fell 1.34% to finish the trading week at 25,502.32, and the S&P 500 Index lost 0.77% to end the week at 2,800.71. Spot gold rose…
Oil
US markets post slight gains: Vale, Cleveland Cliffs, Buenaventura, Franco-Nevada, Peabody Energy
The Dow Jones Industrial Average posted a marginal 0.17% gain to 25,106.33, while the S&P 500 Index ended 0.05% higher at 2,707.88. Despite a rising dollar, spot gold held above…
Anglo American has its eye on Angola
Commodities giant Anglo American (LON: AAL) has applied for exploration concessions for base metals in Angola. “We believe there is geological potential in Angola and have noted with interest the…
Franco-Nevada teams with oil firm Continental Resources to buy mineral rights
Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma….
BHP exits US shale business with US$10.5B sale to BP
In a deal with deep implications for both seller and buyer, the world’s largest mining company BHP Billiton (NYSE: BHP) has sold the bulk of its onshore U.S. oil and gas…
TNM Video: Ross Beaty criticizes the burning of oil and gas at CMS 2018
In this clip, iconic mining entrepreneur Ross Beaty, chairman of Pan American Silver and Equinox Gold, criticizes the burning of fossil fuels in a fireside chat with CopperBank Resources executive…
US markets rise, March 5-9
U.S. markets moved higher as U.S. President Donald Trump accepted an invitation to meet with North Korean strongman Kim Jong-un, and signed into law tariffs on imports of steel (25%)…
Editorial: US gov’t slaps sanctions on Israeli mogul Dan Gertler
On Dec. 20, U.S. President Donald Trump signed an executive order under the year-old Global Magnitsky Human Rights Accountability Act and related acts to block the property of 13 “malign…
Editorial: Oil climbs to two-year highs, gold hangs tough
Oil is one the largest unit costs for many miners, especially for those involved with open-pit operations and remote mines dependent on diesel power generation. And so with oil prices…
The Northern Miner podcast – episode 68: The politics of BC mining ft. MABC’s Bryan Cox
In this episode, we talk B.C. politics and the provincial mining industry with Mining Association of British Columbia (MABC) president and CEO Bryan Cox. Matt sits down to chat with…
Wave of consolidation hits Canada’s oilsands
VANCOUVER — It’s been a volatile few years for Canadian energy producers in Alberta’s oilsands. Last year provincial voters elected the New Democratic Party, which is rarely a ready friend to…
Copper the ‘commodity of choice,’ Lukas Lundin says
Lukas Lundin, chairman of the Lundin Group of Companies, was one of the distinguished speakers at The Northern Miner’s Canadian Mining Symposium in London in early May. In a fireside…