Antofagasta has a new project in Canada

By analyst By Valentina Ruiz Leotaud A subsidiary of Chile-focused copper miner Antofagasta Plc. (LON:ANTO) signed an agreement with Canada’s Evrim Resources Corp. (TSX.V:EVM) to acquire a 70% interest in the latter’s Axe property, located in south-central British Columbia. In a press release, the companies explained that Antofagasta can acquire a 70% interest in Axe by incurring $50 million in exploration expenditures, making cash payments of $800,000, and completing a National Instrument 43-101 compliant Preliminary Economic Analysis, over a ten year period. Axe is a 50-square-kilometre land package within the Intermontane Belt in the southern portion of the Quesnellia Terrane. This gold-copper porphyry belt, which extends from the Canada/US border to north of Kamloops, hosts Newgold’s New Afton Mine, Teck’s Highland Valley Mine and Copper Mountain’s namesake mine. The southern Quesnel trough is composed of Triassic Nicola Volcanic Belt rocks and associated Jurassic to Cretaceous intrusions. According to Evrim, the … Continue reading

Chris Temple from The National Investor – Wed 13 Dec, 2017

By Cory Don’t Trust The Market Reaction Following The Rate Hike Chris Temple joins me to recap the Fed rate hike and Yellen’s press conference. The main focus is on the market reaction today especially in terms of the precious metals and treasuries. Click here to visit Chris’s site for more valuable commentary. Download audio file (2017_12_13-Chris-Temple.mp3) …read more Source:: The Korelin Economics Report The post Chris Temple from The National Investor – Wed 13 Dec, 2017 appeared first on Junior Mining Analyst. … Continue reading

Company News – Wed 13 Dec, 2017

By Cory Comet Well Tenements Granted Here is the recent news out of Novo Resource. I continue to hold shares in the Company and will be following up with Quinton regarding this news on the tenements being granted. By having these tenements Nov is able to move forward with exploration on the Comet Well project. Please comment or email me with any questions you have for Quinton or I. I can be reached at Felck@kereport.com. Click here to visit the Novo website for more information. Here’s the news… VANCOUVER, British Columbia, Dec. 13, 2017 — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO); (OTCQX:NSRPF) is pleased to announce that tenements at Comet Well have been granted by the Department of Mines, Industry Regulation and Safety in Western Australia (“DMIRS”). Novo is now entitled to commence exploration work on the Comet Well Tenements directed at satisfying conditional farm-in rights Novo holds … Continue reading

Cory’s Insights – Wed 13 Dec, 2017

By Cory Join Me On Thursday At A Toy Drive Event I have attended the annual toy drive hosted by a number of junior mining for years. It is a great event to say hi and catch up with a wide range of people from the resource sector. Everyone is welcome so if you are in downtown Vancouver tomorrow afternoon/evening I would love to see you there! The invite is below. Feel free to email me if you are going and would like to chat. It can get busy and is a great casual event. Remember to bring a toy for the kids! My go toys are sports equipment! Here’s the invite… …read more Source:: The Korelin Economics Report The post Cory’s Insights – Wed 13 Dec, 2017 appeared first on Junior Mining Analyst. … Continue reading

World Bank to stop funding oil and gas projects

By analyst By Valentina Ruiz Leotaud The President for the World Bank, Jim Yong Kim, said Tuesday the institution will stop all lending for oil and gas projects after 2019, with the exception of certain gas projects in the poorest countries facing exceptional circumstances. Even though in 2013 the bank announced it would stop financing coal-fired generation projects, oil and gas investments still account for about 2% of its $280-billion asset base. “We’re determined to work with all of you to put the right policies in place, get market forces moving in the right direction, put the money on the table, and accelerate action,” Kim said in a speech delivered in Paris. “That’s the only way we can meet the commitments we made two years ago, and finally begin to win the battle against climate change.” The head of the World Bank is attending, together with dozens of government and … Continue reading

World’s third-largest insurer to divest from oil sands and pipelines

By analyst By Valentina Ruiz Leotaud AXA SA, the third-largest insurer in the world, announced today that it will divest about $822 million from the main oil sands producers and associated pipelines, and will stop further investments in these businesses. The move could affect companies such as TransCanada, Enbridge and Kinder Morgan. In a media statement, the French giant said its decision is based on the fact that oil sands are an extremely carbon-intensive form of energy and a serious cause of environmental pollution. AXA also said that even though a couple of years ago it decided to divest close to $587 million from the coal industry by targeting companies which derive over 50% of their revenues from coal, its executive team now wants to increase its divestment fivefold to reach $2.8 billion. The plan is to divest from companies which derive more than 30% of their revenues from coal, … Continue reading

This is how much copper, nickel, cobalt an electric vehicle world needs

By analyst By Frik Els Cobalt briquettes, Nikkelverk, Norway. Image: Glencore Glencore’s investor day on Tuesday painted a positive picture not just of the Swiss miner and commodities trader’s business but also had good news for the mining industry as a whole. Glencore commissioned CRU to measure the impact the global shift away from internal combustion engines to an electric vehicle market would have on metal markets. The London-based research company modelled metal requirements across the supply chain – from generation and grid infrastructure through to storage, charging and vehicles – based on relatively modest penetration of EVs in the total global vehicle market out to 2030. According to the study as early as 2020, when EVs would still make up only 2% of new vehicle sales, related metal demand already becomes significant, requiring an additional 390,000 tonnes of copper, 85,000 tonnes of nickel and 24,000 tonnes of cobalt. As … Continue reading

Bitcoin Goes Legit

By Brian Maher This post Bitcoin Goes Legit appeared first on Daily Reckoning. Dear Reader, Bitcoin takes its next step to $50,000… $1 million… or 1 cent… The Chicago Board Options Exchange (CBOE) opened bitcoin futures to trading this weekend. The Chicago Mercantile Exchange (CME) plans to open its own bitcoin futures next Monday, Dec. 18. Lest you are unaware of the subtle arts of finance, futures trading allows investors to wager on the future price of an asset. Futures are agreements to buy and sell a certain product at a certain date — bitcoin in this case. Many consider bitcoin’s acceptance on regulated exchanges an indication that bitcoin has passed beyond the shadowy fringe of crime, of terror, of vice… and into the mainstream light of day. And so like a successful bank robber turning to respectable work, bitcoin drops the gun for the briefcase… exchanges the bandit’s mask … Continue reading

Zinc price dodges bullet

By analyst By Frik Els After an initial dip zinc prices rose on Tuesday after top producer of the metal Glencore held its output forecast steady for next year. On the LME, zinc was exchanging hands for $3,170 a tonne on Tuesday up more than 1% from the previous close, bringing gains for 2017 to 23%. The market was expecting more of an immediate supply increase The metal has more than doubled since hitting multi-year lows in January 2016 which prompted Swiss-based Glencore to curtail production to shore up prices. Glencore told investors Tuesday it would restart its Lady Loretta mine in the first half of 2018, but added that it expects zinc output to fall slightly to about 1.09 million tonnes from 1.1 million tonnes this year. In 2019, Glencore sees its zinc output creeping up to 1.16 million tonnes. “Based on their guidance numbers it does remain fairly … Continue reading