News - Market Insights

South African vanadium hopeful Tando Resources has significantly boosted the high-grade indicated and inferred resource at its SPD project to 169Mt at 1.07% vanadium pentoxide, almost double the previous estimate, and now believes is the largest resource above 1% V2O5 in the world (reports MiningNews). Some 97Mt at 1.05% sits within 100m of surface, and that includes 68Mt at 1.05% in the indicated category. The global resource at SPD is now 612Mt at 0.78% V2O5, compared with the previous estimate of 588Mt at 0.78% V2O5.

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Australian mining companies are reluctant to invest in new capacity for fear of repeating historic mistakes, according to Deloitte Access Economics, casting doubts over a major source of business investment in 2019 (reports The Australian Financial Review). “Although profits are booming within mining, miners have been burnt before by adding too much capacity in good times, and they remain cautious about spending too much,” Deloitte partner and economist Chris Richardson said.

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Saracen Mineral Holdings says its target of becoming a 400,000 ounce per annum gold producer is on track after the miner posted record quarterly gold production in the three months to the end of March (reports The West Australian).

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On April 12, 2019, Chevron announced to the world its acquisition of Houston based oil and gas firm, Anadarko Petroleum for a staggering US$33 Billion (writes Fabio Scala from Edgebold Capital in London).

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Lithium producer Pilbara Minerals (ASX: PLS) could be on the radar of strategic partners

Lithium producer Pilbara Minerals (ASX: PLS) could be on the radar of strategic partners such as Wesfarmers, Mineral Resources and Livent, with a “value-accretive” deal potentially crystallising in the near term, according to Sydney-based institutional broking firm Blue Ocean Equities. In a fresh note released yesterday, Blue Ocean analyst Steuart McIntyre says that given the high prices paid recently for lithium assets, he sees merit in Pilbara testing the appetite with potential strategic partners.

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A 10 million-tonne copper supply gap is forecast to open up through 2035

A 10 million-tonne copper supply gap is forecast to open up through 2035, CRU senior analyst Hamish Sampson has told the World Copper Conference during a session examining factors determining the long-term outlook for copper and the copper price (reports MiningNews). "[Brownfield] expansions will keep pace with demand until early next decade ... but as demand increases to 22.5Mt by 2025 the gap will be 2.5Mt and then it will quadruple as production from existing operations falls to 15Mt," he said. Last year copper production was 20.9Mt.

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The surging iron ore price has sparked renewed investor interest in long-dormant iron ore assets

The surging iron ore price has sparked renewed investor interest in long-dormant iron ore assets, with juniors such as Centaurus Metals (ASX: CTM) well placed to benefit given its ownership of an advanced iron ore development project in Brazil capable of moving into production quickly. This is the key conclusion of veteran Sydney-based resource analyst Gavin Wendt.

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Sydney-based institutional broker Blue Ocean Equities has upgraded its recommendation on copper-zinc developer Venturex Resources (ASX: VXR) to “Top Pick” and lifted its price target for the stock to 70c – a healthy premium to its closing price on Friday of 21.5c. Blue Ocean analyst Steuart McIntyre – who made some big (and accurate) early calls on stocks like Pilbara Minerals (ASX: PLS) and Dacian Gold (DCN) – said in a new research note released last week that Venturex is pursuing two key opportunities which could “materially enhance” its value proposition.

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4th - 5th Jun 2019

Gold Coast Conference

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

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