News

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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Plus, Legend’s latest assays fuel hopes of a new nickel-copper find in the Fraser Range and Sprott eyes a golden girl in Kalamazoo

The cooling US-China trade war is a positive for metals and bulk commodities, none more so than for zircon. The trade war was seen as a key factor in the price weakness for the key mineral sand in the back half of 2019. Tied as it is to building and housing activity along with some other sectors, zircon, like copper, is something of a bellwether of global economic activity.

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Welcome back to Prospector’s Diary after a Christmas break that saw a number of significant developments...

Welcome back to Prospector’s Diary after a Christmas break that saw a number of significant developments, and while a trade-war truce might seem to be most important, there are other contenders, including a fall in the value of the US dollar and the overdue return of inflation. Taken collectively, it’s hard to not see 2020 being a good year for resources with a glimpse of what’s to come to be found in a stronger-than-expected price for iron ore, a rising copper price, heavy-duty support for gold and a record high for leading indices which track the Australian stock market.

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10th - 11th Nov 2020

Gold Coast Conference

With increasing global uncertainty regarding the outbreak of COVID-19 and in light of the latest advice from the Australian Government, including an indefinite ban on large indoor gatherings and in

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