The Indian government moved forward with a bill to open up commercial mining in the country when the Lok Sabha passed the Coal Mines (Special Provisions) Bill, 2014 on Thursday. The bill includes the Coal Mine Nationalisation Act, which will allow companies to mine coal in India "in any form either for own consumption, sale or for any other purpose."
At the end of 2013, some were wondering whether 2014 might be the year China would start to loosen its grip on the rare earths market. But although there are signs its monopoly is slipping, the country still definitely produces the lion's share of the world's rare earths.
For some time now, market watchers have noticed BHP Billiton's growing interest in copper, but on Thursday, the company specifically talked about how it expects to favor the red metal much more than iron in the near future.
The company made that forecast at Wednesday's investor day. It also announced that it's looking to divest its Araguaia, Sipilou and Cosmos nickel properties as it looks to narrow its focus on core assets.
Paul Wright, CEO of Eldorado, joined Henry Bonner of Sprott Global Resource Investments to discuss his company's partial divestiture of its Chinese mines and projects. What he said is useful for investors who are looking at opportunities outside the US and Canada.
A recent report from Haywood Securities looks at several companies that the firm believes are positioned to do well next year. Overall, Haywood suggests that "while the [exploration and development] group may be down, it is certainly not out, with many good opportunities remaining."
Probe now owns 100 percent of the mineral rights to 486 patented claims in and around the Ontario-based Borden gold deposit.
The company confirmed last month that its Thompson Creek moly mine will be put on care and maintenance at the end of the year, then said Wednesday that operations at Endako, a moly mine it has a 75-percent stake in, will be suspended at the same time.
Oil prices have taken a dive this year, and far from occurring in a vacuum, that poor performance is likely to have a ripple effect on other commodities. Copper, which has been sitting below the $3 mark lately, is just one metal that could be vulnerable to the effects of weak oil prices.
A report prepared for the Silver Institute by CRU Consulting states that total silver industrial demand is set to grow 27 percent through to 2018 from 2013 levels. That equates to an additional 142 million ounces of silver demand.