CHART: Commodity prices slump to 50-year low against US stocks

The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world’s largest economy remains stuck around the 1% level.“Following the notion of mean reversion, we should be seeing attractive investment opportunities” In contrast the S&P GSCI All Commodities index is[…]

INFOGRAPHIC: The numbers behind the world's closest trade relationship

Courtesy of: Visual Capitalist Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships. There are many examples of strong and mutually-beneficial trade relationships all throughout history, but one doesn’t have to look far back to[…]

South32 buys stake in Canada’s Arizona Mining for $81 million

Australia’s South32 (ASX, LON, JSE:S32) is investing some of its $1.5 billion of cash in a minority stake in Canada-listed Arizona Mining (TSX:AZ), which plans to develop a zinc-lead-silver project in Arizona. Deal comes only two weeks after South32 walked away from a $200 million planned acquisition of Peabody Energy’s coal mine in New South Wales. As part of[…]

Caterpillar soars as first quarter sales jump for first time in over two years

Shares in world’s largest heavy machinery maker Caterpillar (NYSE:CAT) jumped Tuesday as it reported a first quarter profit that far exceeded estimates thanks to a long-awaited pick up in sales and improved demand. For the first time in more than two years, the Peoria, Illinois-based company registered an increase in sales in several of the[…]

Iron ore, copper price plunge brings carnage to mining stocks

Mining and metals investors were offloading the sector’s big names on Wednesday after sharp drops in iron ore and copper prices over worries about the robustness of the Chinese economy and heightened tensions surrounding North Korea with President Trump sending an “armada” of US warships to the region. While gold was setting fresh 2017 highs on the back of safe[…]

Erdene Resource moving forward with flagship project in Mongolia

Canada’s Erdene Resource Development (TSX:ERD), the company that literally struck gold earlier this year after finding its new Mongolia-based gold project was richer than previously thought, expects to move Bayan Khundii towards its maiden resource estimate by 2018. The firm, one of the very few miners to never have encountered issues in the landlocked Asian country, was granted[…]

Canada's Gov't gives mining explorers a full extra year of tax credit

Canada has decided to extend the Mineral Exploration Tax Credit, which was ending on March 31, for a full extra year, the country’s natural resources minister announced Sunday evening. Speaking to media attending the 85th version of the Prospectors & Developers Association of Canada’s (PDAC) International Convention in Toronto, minister Jim Carr said the 15% mineral[…]

Mining industry leaders meet again at PDAC 2017

The Prospectors & Developers Association of Canada’s (PDAC) International Convention, one of the world’s leading minerals and mining events, kicked off Sunday amid increased optimism in the global industry. Now in its 85th year, this annual event brings together the industry from around the world to downtown Toronto. More than 22,000 attendees from 125 countries were[…]

CAT shares hammered as feds search offices

Shares in Caterpillar (NYSE:CAT), the world’s No.1 heavy machinery maker, were down more than 5% Thursday around noon after it became public that officials were executing a search warrant at three of the companies’ facilities in the Tri-County Area, including the corporate headquarters. Some of the agents spotted by local press and witnesses wore jackets[…]