News

And the word from on high is good news for leveraged battery juniors like Mincor and Liontown; Plus, Bellevue dangles the resource-upgrade carrot and analysts line up to tip big things for Strandline

FOMO among major miners BHP and Rio Tinto was on full display in Barcelona this week at the Bank of America Merrill Lynch mining conference. And it had nothing to do with whether they would be invited by the fun people to the various knees-ups up at the tapas bars up down La Rambla. Nope, it was all about the major miners declaring they were part of the electric vehicle and renewable energy storage revolution.

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The dead hand of Australian politics took a firm grip of the stock market

The dead hand of Australian politics took a firm grip of the stock market in the days before Saturday’s election despite abundant evidence that a number of sectors appear poised to move up sharply, led by gold, oil, iron ore and nickel. Gold and oil are the stand out opportunities as the Middle East heads towards a US v Iran showdown, potentially with severe implications for oil and LNG shipping movements along the world’s energy highway, the Persian Gulf.

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Shares in metals hopeful TNG leapt as much as 45 per cent on the back of its finalisation of an off-take agreement with Swiss group DKSH (reports The West Australian).

Shares in metals hopeful TNG leapt as much as 45 per cent on the back of its finalisation of an off-take agreement with Swiss group DKSH (reports The West Australian). The deal will see DSKH take all of the titanium dioxide pigment produced by its Mt Peake vanadium and titanium project in the Northern Territory. TNG shares jumped 45 per cent to 4.5¢ before dipping to be 3¢ up at 13¢ as at 12.30pm. The company and DKSH have been negotiating a binding deal since disclosing in October that they were in talks.

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Investors have been re-enthused by Pure Alumina’s effective claim all is going well with its planned A$27 million Polar Sapphire acquisition in Canada

Investors have been re-enthused by Pure Alumina’s effective claim all is going well with its planned A$27 million Polar Sapphire acquisition in Canada, with the Tolga Kumova-backed microcap enjoying a couple of strong headline trading sessions (reports MiningNews). Pure Alumina shares more than doubled after it reported the Polar pilot plant in Toronto had been operating well for the past two weeks producing high purity alumina from use of proprietary technology.

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Following a string of positive news in its March quarterly and the recent positive election results in South Africa with the re-election of the ANC, base metals developer Orion Minerals (ASX: ORN) is set for a “number of positive” catalysts

Following a string of positive news in its March quarterly and the recent positive election results in South Africa with the re-election of the ANC, base metals developer Orion Minerals (ASX: ORN) is set for a “number of positive” catalysts at its flagship Prieska zinc-copper project in South Africa – according to Sydney-based institution broker Petra Capital.

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A lot of metal was locked away forever when the Hawke Labor government banned mining at the Coronation Hill deposit on aboriginal and environmental grounds by including it inside Kakadu national park (reports Barry FitzGerald on Stockhead). The 1991 ban locked away 1.4 million oz of gold, 300,000 oz of platinum group metals, and some 340,000 tonnes of uranium.

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Australia's biggest export earners, iron ore and coking coal, should be fetching stronger than expected prices in coming years according to Credit Suisse (reports The Australian Financial Review). Disruptions in the supply of both commodities have triggered a price surge in 2019, and Credit Suisse responded this week by announcing large upgrades to its price forecasts.

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Plus, Rio chairman says “we think we have a mine” at Winu copper discovery

Leading gold issues have become something of a value trap in the past couple of months in the absence of a breakout in the US dollar gold price. As mentioned here previously, the ASX gold producers were priced for perfection in the back half of last year and without any stock-specific news, they have drifted sharply lower as the US gold price has come off. Newcrest is the singular exception thanks to its pivot to copper with the March acquisition of a 70% stake in the Red Chris copper-gold operation in Canada.

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23rd May 2019

RRS May Investor Lunch Series - Melbourne

Four leveraged resource companies ... four strategies for growth | Bardoc Gold, Liontown Resources, Stavely Minerals & New World Cobalt

4th - 5th Jun 2019

Gold Coast Conference

The 2019 Resources Rising Stars Conference will be held on Tuesday 4 and Wednesday 5 June 2019 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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