The trickledown effect of the surge in iron ore prices in response to Vale’s January 25 tailings dam disaster is starting to take effect.
Project proposals consigned to history when iron ore prices tanked some years back are being dusted off in the hope that the $US100/t prices are here to stay for the foreseeable future.
Plus, investors’ eyes turn to PolarX as the new field season beckons
The Kambalda nickel camp is stirring again some 53 years after WMC (acquired by BHP in 2005) drilled the KD1 discovery hole, with Mincor boss David Southam positioning the company to be in the thick of things.
The Vietnam War and prolonged nickel mine strikes in Canada underpinned the nickel price spurt which led to WMC’s breakthrough discovery at Kambalda, 60km south of Kalgoorlie.
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.
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.
Plus, New World Cobalt turns its hand to a promising gold and base metals project. And Vale, Sir Arvi.
There was lots to cheer about for the ASX-listed lithium stocks when Wesfarmers (WES) rolled out its $776 million, or $1.90 a share, friendly takeover bid for Kidman Resources (KDR).
First there was the 47% premium to Kidman’s last sale, confirming what was said here last month that there was value to be had in the lithium stocks because the equity market had overdone last year’s great sell-off in the sector.
And the falling stockpiles are more good news for Mincor and its growing Cassini discovery
Copper is the favoured metal of the big end of town miners like BHP and Rio Tinto when it comes to allocating exploration dollars.
Revved up in part by the electric vehicle revolution and the electrification of Asia, demand for the red metal will certainly move in the right direction in the years to come.
But does that mean that the price will also head higher from what veteran minerals economist Richard Schodde at MinEx Consulting calls the “wisdom of the crowd” on long-term prices, or the consensus of economic forecasts put another way?
Plus, smart money finding its way into gold juniors such as Gateway and Bardoc
Western Australia’s hard-rock lithium stocks have received a much-needed leg up from car giant Volkswagen as it sets about securing supplies for its almighty push into electric vehicles.
The vigour with which the maker of the original people’s car all those years ago is pursuing an EV strategy (70 new EV models to be launched over the next 10 years and a quarter of all sales by 2025) has much to do with its recovery from the 2015 “dieselgate” scandal.