This morning Coalspur Mines (CPT:TSX) updated the market on some of the activities they have undergone over the last quarter as well as cash flow reports.  Among other things, over the last quarter, CPT closed their $350 million senior debt facility and drew down the initial $37 million from it.  They also ‘advanced’ the regulatory… Continue Reading

Bruce Duncan’s Canada Carbon (TSXV:CCB) published results of a chemical characterization of material from the company’s 100% owned Miller hydrothermal lump/vein graphite property in Quebec, Canada. The news release suggested graphite from Miller “May be suitable for applications requiring ultra-pure grades, such as some core components of nuclear reactors.” Shares in the company traded heavily… Continue Reading

Resource consulting firm, Wood Mackenzie put out a report Monday stating that by 2020, coal will surpass oil as the key fuel for the global economy.  Global coal consumption is expected to rise by 25% on the backs of China and India as they fill demand for cheaper energy sources to meet their fuel needs.  By… Continue Reading

NOT COLARADO — Better than gold? Maybe. The Precious Metals Summit webcast is in gear. This is the Colorado conference that precedes the Denver Gold Group gathering, a larger-company show that starts Sunday evening. The video quality at Precious Metals Summit is good, and the display for about 60-plus companies is indexed accordingly by time slot… Continue Reading

Newmont Mining (NEM:NYSE) announced this morning that it has signed a letter of intent to sell its Midas operations in Nevada to private equity firm, Waterton Global.  Midas has been a staple of Newmont’s Nevada operations as it is a high grade gold-silver and has been in production since 1999.  Many analysts already anticipated depletion and shut down of… Continue Reading

Bruce Duncan’s Canada Carbon Inc. (TSXV:CCB) has had a glorious summer. Here’s the 12 month chart: CCB data by YCharts The company holds four graphite properties in Ontario and Quebec, including 2 past producing graphite mines, the Miller and the Asbury. The Miller property in particular has investors excited, with high quality graphite reported at… Continue Reading

Endeavour Mining (EDV:TSX) has added some depth to its roster by bringing on Ian Cockerill, Miguel Rodriguez and Frank Giustra to its strategic advisory board.  The three new members will replace Jorje L. Gamarci and Dr. Antony Harwood.  The board now consists of seven members: Michael Beckett (Chairman), Ian Cockerill, Frank Giustra, Ian Henderson, Wayne… Continue Reading

LIBERTY METALS & Mining Holdings continues to take stakes in emerging gold and metals producers. This one has Karma. The unit of the large insurer, Liberty Mutual, came across my screen about a year ago, when it gave Red Eagle Mining in Colombia (RD in Canada) $8 million in exchange for a net smelter royalty… Continue Reading

It’s a different reality for the Lundin’s, an extremely successful, and well financed oil and mining exploration and development group. Chairman Lukas Lundin tells Mineweb’s Kip Keen his copper companies intend to keep their exploration budgets intact, and expresses optimism for continued, high commodities prices. You should read the full article over at Mineweb. Here are a few excerpts:… Continue Reading

JP Morgan is out with its first overweight call on commodities since September 2010 (a call which turned out to be highly prescient) – here are some of the key takeaways from this bold contrarian call: Seasonality is very favorable once again for commodities Risk is now skewed toward demand growth surprise and production disappointments… Continue Reading

To follow the smart money in junior gold stocks is to subscribe to Brent Cook and Quinton Hennigh’s Exploration Insights newsletter. Ten days ago we caught up with Brent and today we’ve got Quinton on the line to tell us about his latest opportunities. Jump to the audio here -> This afternoon’s conversation with Quinton… Continue Reading

“We were almost killed several times,” Frank Giustra tells me. He’s recalling his first trip to Colombia in 1994 with his friend Serafino Iacono. FARC guerrillas and cocaine traffickers had made the country the most dangerous in the Americas, but it seemed like nothing could stop the two young natural resource promoters’ quest for the… Continue Reading

TORONTO — Ivanplats Robert Friedland needs no introduction. For one, he is North America’s greatest mining showman. Second, he is almost surely a billionaire. Third, he is a miner’s mining exec. “He knows his metals, and his black box works,” platinum prospector and Ivanplats board member William Hayden told me the other day over fizzy… Continue Reading

The top ten political foibles by former Italian Prime Minister, Silvio Berlusconi Born in 1936 Silvio Berlusconi started out as a vacuum salesman by day, and earning a reputation by night singing at nightclubs on cruise ships. In 1961 he graduated from law school, and started a residential housing construction company based in his native… Continue Reading

After 20 years of occupying one of the most influential positions in the global wireless industry, Jim Balsillie has decided to step down. Unable to align himself with the new image CEO Thorston Heins has projected for Blackberry, Balsillie dumped his remaining 5.1% stake and vacated his position as Head Chairman, in what can only… Continue Reading