BC annual mineral exploration conference reflected a turnaround for the industry

Teck CEO Don Lindsay: “we had analysts and prognosticators telling us that we would never recover and that the industry was doomed. Next time you see that, buy Teck” | Submitted One year ago, the share price for B.C.’s largest mining company, Teck Resources Ltd. (TSX:TECK.B), had fallen below $4, and some analysts were predicting[…]

Deutsche Bank won’t finance any coal projects any longer

German banking giant Deutsche Bank (FRA:DBK)(NYSE:DB) is fully walking away from coal, as it has decided not to finance any greenfield thermal coal mining or coal-fired plants any longer. Announcing the changes to its coal financing guidelines Tuesday, the lender also said it will gradually reduce its existing exposure to the thermal coal mining sector.[…]

US mines produced an estimated $74.6 billion in minerals last year

United States mines in 2016 produced an estimated $74.6 billion of raw mineral materials, a slight increase from 2015, the U.S. Geological Survey announced Tuesday. The information comes from the 40th annual Mineral Commodity Summaries report, the earliest comprehensive source of 2016 mineral production data for the world. It includes statistics on more than 88 mineral commodities[…]

Frank Holmes: Time to grab the commodity bull market by the horns

Frank discusses the gold and bond markets and how they have been driven by global uncertainty. Bond rates have begun to decline again which is bullish for the gold market. He talks about forward looking industrial indicators which are currently positive and how they are predictive of future global economic demand. Holmes says this is[…]