News

Can both news reports and the flow of money be correct?

If you only read media headlines over the past week you might believe that the world is facing a great economic crisis caused by the China coronavirus, but if you skipped the headlines and looked only at share prices you might believe that nothing happened. Can both news reports and the flow of money be correct? Yes, they can, because the great unknown in the China virus panic is where it’s heading and it is that uncertainty factor which can weigh heavily on investor confidence.

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Tokyo | Just beyond the windows of Satsuki Kanno's apartment overlooking Tokyo Bay, a behemoth from a bygone era will soon rise: a coal-burning power plant, part of a buildup of coal power that is unheard-of for an advanced economy (reports The New York Times).

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Australian investors are likely to notice a wave of media reports about the $90 billion LNG construction industry about to take off in Mozambique...

Over the next few months, Australian investors are likely to notice a wave of media reports about the $90 billion LNG construction industry about to take off in Mozambique. Until now, this massive investment in what will be four world-scale LNG projects has received virtually no coverage in Australia because they do not involve the usual ASX-listed petroleum companies such as Woodside and Santos.

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Upbeat assessment augurs well for what looks like being a much better year for exploration, with Rio pushing ahead with its Antipa JV while juniors Stavely, Chalice, Alkane and Nagambie are among those revving up expectations for the new year.

The about-to-end flood of December quarterly reports from the big and small players in the mining space has confirmed that on the exploration front at least, 2020 is shaping up as something special compared with the hit and miss of previous years. No less than Newcrest (NCM) proved the point on Thursday with its update on drill results from the  Havieron gold-copper discovery, 45km east of its ageing and grade-challenged Telfer gold/copper mine in WA’s Paterson province.

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The coronavirus roller-coaster which drove industrial metals down and gold up is showing signs of slowing...

The coronavirus roller-coaster which drove industrial metals down and gold up is showing signs of slowing, which could be a time for investors to consider a spot of bargain-basement shopping – but there’s no need to rush. Risks remain high and the fear generated by a mutant killer virus is having a real effect on some sections of financial and commodity markets. But if the last virus outbreak, Severe Acute Respiratory Syndrome (SARS) in 2003 is a guide, then a strong recovery is likely.

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Plus, Genesis approaching decision time on its 867,000oz WA resource

For a guy who started out as a metallurgist at Mount Isa, Michael O’Keeffe has done really well over the years. His success is linked to the best training one can get in commodity markets, courtesy of his time with his mate Ivan Glasenberg at Glencore between 1995-2004. By the time he left, O’Keeffe had become managing director of the Australian side of the business and from that, he clearly developed a knack for identifying opportunities in seemingly clapped out commodities.

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Continued consolidation of the gold sector could be a theme for the rest of 2020...

Continued consolidation of the gold sector could be a theme for the rest of 2020, according to the investment arm of Bank of America, which believes there is a wave of mid-tier mergers on the way thanks largely what’s happened at the top end of gold. The bank’s argument revolves around last year’s big North American deals which saw Newmont merge with Goldcorp and Barrick acquire Randgold a double-barrelled process which has also seen a large number of non-core assets sold, including the Kalgoorlie Superpit.

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Centaurus Metals boss Darren Gordon insists the company has not given up on its Brazilian iron ore project, but the explorer has firmly pivoted its attention to a new nickel sulphide play in the South American country

Centaurus Metals boss Darren Gordon insists the company has not given up on its Brazilian iron ore project, but the explorer has firmly pivoted its attention to a new nickel sulphide play in the South American country (reports The West Australian).

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