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

Shares in Katanga surge 50% on Congo mine restart

By analyst By Frik Els Shares in Toronto-listed Katanga Mining, added another 25% in value on Tuesday after announcing it has restarted its giant copper-cobalt operation in the Democratic Republic of the Congo. On Monday trading in the company’s shares were briefly halted on the TSX after investors piled into the US$2 billion stock, but the rally continued on Tuesday with shares in Katanga now up 52.7% over two days. Swiss mining and commodity trading giant Glencore which owns 86% of Katanga suspended mining at the central African mine in 2015 as copper slumped to six-year lows and cobalt prices languished at levels not seen in nearly two decades. Glencore confirmed it was in talks with Tesla, Apple and Volkswagen on the supply of cobalt After a major refurbishment Katanga’s cobalt production was forecast at 11,000 tonnes in 2018 before tripling the following year to 34,000 tonnes and maintaining those … Continue reading

The Stock Market and the FOMC

By Pater Tenebrarum An Astonishing Statistic As the final FOMC announcement of the year approaches, we want to briefly return to the topic of how the meeting tends to affect the stock market from a statistical perspective. As long time readers may recall, the typical performance of the stock market in the trading days immediately ahead of FOMC announcements was quite remarkable in recent decades. We are referring to the Seaonax event study of the average (or seasonal) performance across a very large number of events, namely the past 160 monetary policy announcements and the 10 trading days surrounding them. It looks as follows: We have highlighted the period of maximum profit over the past 20 years in dark gray, which is achieved over a holding period of 8 trading days and amounts to an average of 60 basis points. At first glance that may not look like much, but … Continue reading

Junior Miner Looking Good for Commercial Production in 2018, Analysts Say

Source: Streetwise Reports 12/12/2017 A flagship Nevada project is showing results and the company anticipates commencing commercial production in the first quarter of 2018. In a Dec. 11 press release, Rye Patch Gold Corp. (RPM:TSX.V; RPMGF:OTCQX) summarized the Florida Canyon mine’s production results for the month of November: Placed 8,059 ounces of gold on the pad (23 percent above plan); Produced 3,491 ounces of gold and 1,825 ounces of silver, 20 percent higher than October; Mined 730,900 tons of ore (21 percent above plan); Crushed 728,900 tons of ore (21 percent above plan); Maintained a grade of 0.011 opt of gold including over liner material; and Achieved a low strip ratio of 0.45 for the month (74 percent below plan). “Production reaching 3,500 ounces represents a key milestone in the continuing upward production trend. At this point mining operations now begin to contribute positive cash flows to the Company,” stated … Continue reading