A steady lift of supply from Australia and a moderation in demand growth from China will put pressure on the number one steelmaking input over the next three to five years, analysts say. “Prices will slump as much as 34 percent to $90 a ton by the end of December, according to the median of… Continue Reading

On a day when junior resource stocks are getting absolutely hammered, Alpha Minerals (TSXV:AMW) has announced the first official coverage of the company, by Rob Chang, Cantor Fitzgerald, with a BUY (Speculative) recommendation. At press time, shares in the Athabasca Basin focused uranium explorer were off 12.3% or 57 cents to $4.06. Considering Chang’s recommendation was at… Continue Reading

Lately, the media has made much of Canada’s “Cold War Era” uranium policy, limiting foreign ownership rights to 49 percent of a producing uranium project. The policy’s loudest critics include Saskatchewan Premier Brad Wall, Newfoundland & Labrador Premier Kathy Dunderdale, Rio Tinto, Areva Resources, Paladin Energy Ltd. and the Australian government. As it stands, a… 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

The “make fast cash flipping houses” ads are back in force, construction is resurgent, consumers are walking around with shopping bags again, “mom & pop investors” are raising their 401k contributions, and US equities have healed their financial crisis wounds, rising to all-time highs. Animal spirits are also on the rise. You can see it.… Continue Reading

Even by the standards of China’s rough and tumble breed of entrepreneurs, billionaire Liu Han’s brushes with death mark him out. After dodging a hitman’s bullets in 1997, which led to the execution of a rival tycoon and two of his relatives almost a decade later, Liu, 47, finds himself ensnared in more killings. This… Continue Reading

Newstrike Capital (TSXV:NES), one of the better respected gold exploration names on the TSX-V, has published their maiden NI 43-101 Resource Estimate for the Ana Paul gold project in Guerrero, Mexico. NES long James Kwantes commented, “Ana Paula contains 43 million tonnes grading 1.59 g/t gold and 7 g/t silver, for a measured and indicated… Continue Reading

I don’t think that the market yet fully understands the consequences of what just took place over the weekend. Read: Saving Cyprus Means Nobody Safe as Europe Breaks More Taboos | Bloomberg You’re starting to see a [potentially massive] flight of Russian capital out of the EU. This is only the beginning. The velocity of money will pick up as… Continue Reading

“Japanese scientists have found vast reserves of rare earth metals on the Pacific seabed that can be mined cheaply, a discovery that may break the Chinese monopoly on a crucial raw material needed in hi-tech industries and advanced weapons systems.” Article: Ambrose Evans-Pritchard, The Telegraph

Boris Berezovsky, Early Russia Oligarch, Found Dead at U.K. Home | Bloomberg

I spent the past four days at the posh Trump Hotel in Panama City, visiting a friend in the venture brokerage business. Panama is a safe, beautiful country with the friendliest people, and the Trump was a great hotel for the money ($179/). As readers know, Panama is a haven for offshore money. This is… Continue Reading

Worth an estimated $27 billion, the enigmatic Prince Alwaleed bin Talal has very public holdings: he is the second-largest voting shareholder in News Corp., he owns Paris’s George V hotel and part of New York City’s Plaza hotel, he is a major stockholder in Apple, and he will soon own the world’s tallest building. But… Continue Reading

This morning Skyharbour Resources announced they have acquired a land package in the Southwestern Athabasca region in close proximity to the Fission/Alpha Minerals discovery. Shares in the junior exploration company (TSXV:SYH) traded up 10% to six cents by press time. The company has been around for over ten years but inactive as of late save for a rollback in… Continue Reading

New interview/profile of King Abdullah of Jordan | The Atlantic by Jeffrey Goldberg

Now if Encanto can complete the Indian off-take deal, they’ll really be in business… Read: Harper Government supports development of first ever on-reserve potash mine QUOTE: TSXV: EPO Disclosure: long, subject to change without notice.