Valuable Insights from Around the Web – Thu 23 Nov, 2017

By Cory Divorce of Crypto-Austrians and Crypto-Keynesians I know how much debate there has been regarding crytocurrencies on this site so when I came across this I thought I should re-post and see what everyone thinks. This is not about are cryptos in a bubble but more about the future in terms of scale for economies and investors. As the title says the recent Segwit2X update is taking Bitcoin in a different direction than intended by its founder. Read below to find out more. Click here to visit the original posting page. … The scaling battle that’s been raging in the Bitcoin ecosystem the past 3 years is finally over. The entire Bitcoin network has spoken and it has spoken for … what exactly? There are lots of articles that will chronicle for you what’s happened in the past few months and years. If you aren’t familiar with the story … Continue reading

Brazilian miners up in arms as lawmakers hike iron ore, gold royalties

By analyst By Cecilia Jamasmie Mining companies operating in Brazil are warning the government the recent approval of a bill that hikes royalties for iron ore and gold may end costing the country much more than what it would potentially gain. In a vote Wednesday, Brazil’s lower house of Congress passed a bill that would increase royalty rates on iron ore by 75% and by 50% for gold, while it would cut those for potassium. If it becomes a law, it would make iron ore producers pay a 3.5% royalty instead of the current 2%. That amount would be calculated off gross revenue instead of net revenue as is presently done, which would notably increase collections. Miners claim new bill will increase costs and make them less competitive in international markets. Small or less profitable iron ore producers would be allowed to apply for a rate as low as 2%, … Continue reading

Legal kerfuffle in Spain around uranium mine environmental assessment

By analyst By Valentina Ruiz Leotaud Spain’s National Audience dismissed a series of allegations presented by Berkeley Energia (ASX:BKY) against a legal action filed by a group of environmentalists who oppose the company’s Salamanca uranium project. The open-pit mine is the Australia-based miner’s flagship project and is located on the Retortillo-Santidad uranium deposit near the town of Retortillo, in northwestern Spain. Back in April 2016, members of Ecologistas en Acción and the political party Equo started a legal process alleging that Berkeley’s environmental assessment failed to report that the uranium processing activities and nuclear debris disposal at the mine could potentially cause health problems to the residents of surrounding towns. Such accusations were refuted by the company in a document presented before the National Audience on September 22, 2017. According to EFE news agency, Berkeley stated that their environmental assessment was solid, could not be challenged in any court and, … Continue reading

John Templeton’s Advice on How to Give Thanks

By Alexander Green Editor’s Note: Happy Thanksgiving! Today, Alex and the rest of the Oxford Club team are giving thanks and chowing down with family. We hope you’re doing the same. Please enjoy this classic essay from Alex’s Beyond Wealth series. We think you’ll find it fitting for this important holiday. Two years ago I suffered a “home invasion” when 22 of my relatives showed up for Thanksgiving. (Some of them were actually invited.) We gave thanks for our health, our friends, each other… and a 26-pound bird stuffed with cornbread dressing and surrounded by cranberry sauce, squash soufflé, parmesan-garlic green beans with almonds and sweet potato casserole. (No wonder the pilgrims had the Wampanoag tribe over.) With all our blessings, however, one day of thanks can never really be enough. In his book Discovering the Laws of Life, famed money manager and philanthropist John Templeton recommended a different approach. … Continue reading

Canadian producer wants to expand Arizona gold mine

By analyst By Valentina Ruiz Leotaud Vancouver-based Northern Vertex Mining (TSX.V: NEE) announced today that it has filed the Preliminary Economic Assessment for its Moss Gold Mine, located in northwestern Arizona. With the PEA, the company intends to demonstrate the upside of reactivating this historic gold/silver project, whose expected mine life is of 10 years. Company officials also want to show the technical and economic viability of extending the Moss mine to include resources onto the company’s adjacent un-patented mining claims. Such scenario would imply, however, getting into federal public lands administered by the U.S. Bureau of Land Management. This would require the submission and approval of a Mine Plan of Operations. “This PEA is further encouragement of the scalability of production in the initial years as well as the potential longevity of the Moss Gold Mine. Eliminating the patented boundary constraints and increasing production to a peak of 60,000 … Continue reading

Escondida to lay off 3% of its workforce

By analyst By Valentina Ruiz Leotaud Chile’s Minera Escondida, which operates the world’s largest copper mine, announced today that it will lay off 3% of its workforce, or roughly 120 people, as it moves forwards with a strategy of “adjusting production processes.” According to several Chilean media outlets, Escondida officials sent out a press release saying that they saw the need to let go some supervisors, operators, and maintenance staff in order to make sure that mine activities would continue to be carried out in a sustainable and safe way. Escondida, 57.5% of which is owned by BHP Billiton (ASX, NYSE:BHP) (LON:BLT) and 30% by Rio Tinto (LON:RIO), was affected earlier this year by a 43-day strike, the longest private-sector mining strike in the history of the South American country. Estimates put lost copper output at around 120,000 tonnes, which translated into roughly $1 billion in lost revenue for BHP. … Continue reading

Canadian miner loses appeal to move human rights lawsuit to Eritrea

By analyst By Valentina Ruiz Leotaud The British Columbia Court of Appeal upheld a 2016 ruling by the B.C. Supreme Court that dismissed an appeal by Nevsun Resources (TSX:NSU) to have a human rights case against the company moved to the Eritrea. Both tribunals agree that the province’s court has territorial jurisdiction since Nevsun is a British Columbia company. They also consider that even though the practical and logistical difficulties of trying these claims in B.C. would be considerable, there is a real risk of corruption and unfairness in hearing the case in the East African country. The case at hand was brought forward in 2014 by three Eritrean refugees. They accuse Nevsun of being “an accomplice to the use of forced labour, crimes against humanity and other human rights abuses at the [company’s] Bisha mine.” They say that the Nevsun engaged two Eritrean sub-contractors and the military while building … Continue reading

Exclusive Insights on the Gold Market – Wed 22 Nov, 2017

By Cory David Vincent – Long Term Cycle Setting Up Well For Gold I received a number of comments asking me to have David back on the site after our initial call about a month ago. In this interview we look at the long term chats for gold where David outline the long term cycles. Check out the charts below to follow along with David’s comments. You can also click here to visit the Canamex Gold website. David recently was appointed President and CEO. Download audio file (2017_11_22-David-Vincent.mp3) Long Term Gold Chart (Monthly) HUI Chart (Weekly) …read more Source:: The Korelin Economics Report The post Exclusive Insights on the Gold Market – Wed 22 Nov, 2017 appeared first on Junior Mining Analyst. … Continue reading

Chris Temple from The National Investor – Wed 22 Nov, 2017

By Cory Recapping the Fed Minutes and An Update on Oil Chris Temple joined me after the Fed minutes were released to recap some of the points that he noted. We discuss the ongoing inflation debate within the Fed and the changing of the guard with a number of seat switching next year. We also look at the oil price which continues to move up ahead of the OPEC meeting next week. Click here to visit Chris’s site for more economic and specific stock commentary. Download audio file (2017_11_22-Chris-Temple.mp3) …read more Source:: The Korelin Economics Report The post Chris Temple from The National Investor – Wed 22 Nov, 2017 appeared first on Junior Mining Analyst. … Continue reading