I had the chance to visit once again with Rick Rule, Chairman of Sprott US Holdings. It was a great conversation, focusing on the state of metals and mining, a $20 billion opportunity now available due to market chaos, and ‘multiples of potential return’ in mining equities, should historical measures reassert themselves. “I’ve seen this… Continue Reading
After pre-marketing their latest venture, Denham Capital, which is one of the largest resource-focused private equity firms, announced the formation of Auctus Minerals, to focus on acquiring underperforming operations across Australia and applying operating efficiencies to them in order to turn a profit. The venture is being funded with US $130 million (initially) from Denham and will… Continue Reading
Fairfax Holdings recent annual letter to shareholders offers many nuggets of wisdom including this excerpt on China (emphasis our own): “In the last few years we have discussed the huge real estate bubble in China. In case you continue to be a skeptic, here are a few observations from Anne Stevenson Yang, an American who… Continue Reading
Last Thursday, Alderon Iron Ore (ADV:TSX) announced that the government of Labrador and Newfoundland had approved the building of third power line from Churchill Falls to Labrador West. This meant that Alderon would be able to negotiate a power agreement with the government for their Kami iron ore project and represented a significantly positive step in… Continue Reading
Oceanic Iron Ore (FEO:TSXV), the small cap iron ore developer, has received the results of a shipping optimization study to determine whether the benefit justifies the costs of year round shipping from the Company’s Hopes Advance project located in the Canadian Arctic. The study includes direct shipping during summer months and transshipment during winter months.… Continue Reading
North American Nickel (NAN:TSXV) has released assay results from its Imiak Hill project. The company intersected 24.75m of near solid to solid sulphide mineralization averaging 35-40% total sulphides. There were two intervals contained within hole MQ-13-028 which included 17.91m of 40-45% sulphide and 2.4m of 50-60% sulphide. Hole MQ-13-028 which was the deepest of four… Continue Reading
Capstone Mining (CS:TSX) announced today that it would acquire the right to earn up to 70% of the Project Providencia from Sociedad Quimica y Mineral de Chila S.A. (SQM). The property is somewhat strategic in that it sits approximately halfway between Capstone’s Santo Domingo Project and Anglo American’s Mantos Blancos copper mine. SQM is a… Continue Reading
Many analysts are claiming that new platinum ETF and trust products such as Sprott’s physical products have begun to wreak havoc on an already beat up and battered South African platinum industry. Just as the gold ETFs did in the gold run over the last decade, these new platinum products could rip billions of investment… Continue Reading
“Rio Tinto does not need cash from an IOC sale and is unlikely to entertain low bids,” BMO Capital Markets analyst Meredith Bandy said. Article: Peter Koven, Financial Post
Source: Bloomberg
In Palm Springs last Sunday, Mercenary Geologist Mickey Fulp told California Resource Investment Conference attendees, “A large exploration discovery in a relatively unknown terrain” is what’s needed to kick off this market. Sprott Global Chairman and panel emcee Rick Rule added, “What this market needs is a very large discovery that I own the hell out of.” All… Continue Reading
No-rail advantage puts Oceanic’s Hopes Advance project before Asian steelmakers for potential partnership. Iron ore is the key ingredient used to make steel. The majority of the seaborne trade, that is, iron to be shipped to other countries, goes to China. An oligopoly exists today whereby China is forced to rely on Big 3 producers… Continue Reading
Wuhan Iron and Steel (Group) Corp, China’s fourth-largest steelmaker by output, said it will boost investment in overseas iron ore mines and plans to achieve 100 percent iron ore self-sufficiency in three to five years. Wisco, the parent company of Shanghai listed Wuhan Iron and Steel, wants to abandon itsheavy reliance on imported iron ore,… Continue Reading
With special thanks to Odgers Berndston, global leaders in executive search, for supporting this production. Click here to launch the video in Youtube, or scroll to the bottom of this article. The Atascosa Ranch is walking distance from the US/Mexico border, just outside of Nogales, Arizona. It’s owned by Dave Lowell, an affable 84-year-old man… Continue Reading
