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Archive for 'Commodities'

New Gold, Abacus Combine Efforts in Afton-Ajax District

With New Gold’s New Afton mine scheduled to come on-stream as early as 2009 and Abacus’ Ajax pits in 2010, the companies take a proactive approach to solving property overlap issues.

Coal Juniors Do Spadework

Junior coal miners have lagged behind bigger peers despite a supply shortage and buoyant international prices.

Oil Sands Attracting Interest Due to High Crude Prices and Reserve Concerns

Interest in developing oil sand resources is increasing with international crude prices rising and concerns over the depletion of oil reserves mounting.

Chinese Regulator Authorizes Commercial Banks to Trade Gold Futures

However, the China Banking Regulatory Commission has prohibited commercial banks from acting as agents for gold futures in an attempt to minimize insider trading by the banks.

Potash Shares Surge on Higher Contract Prices, Analyst Upgrades

Global potash contract prices more than doubled and stocks were upgraded by at least two major Canadian investment banks.

Majors Under Fire in DRC

Major mining companies like Freeport-McMoRan, BHP Billiton, AngloGold Ashanti and De Beers and have had their DRC projects selected for “renegotiation” by the country’s government.

First Calgary Petroleums Announces Resignations of Three Board Members

The company’s forthcoming annual meeting could see some fireworks with three members resigning and CEO Rick Anderson facing a dissident shareholder motion for removal.

SED Outbreak in China Threatens 4.83 Million Hectares of Wheat

These unexpected events might affect wheat market fundamentals - considering China’s grain supply is already at a fine balance.

Van Eck Gold Fund Manager Talks Market Conditions

Van Eck Global’s Joe Foster has seen more than his share of ups and downs in the gold and precious metals markets. Given its breach of $1,000 and precipitous decline in the past week, now seems a particularly auspicious time to get his views on gold’s prospects.

Got Gold Report - Position for Next Bull Moves in Gold, Silver

The Got Gold Report contends that now is the time to position for the next big moves in gold, silver and uranium through beaten up resource stocks.