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GOLD (MSM)

AuRico Metals Announces Closing of Acquisition of Royalties on Hemlo and Eagle River Mines

[PR Newswire] – TORONTO, Sept. 18, 2015 /PRNewswire/ – AuRico Metals Inc. (AMI.TO), (“AuRico” or the “Company”) is pleased to announce the closing of the previously announced acquisition of Mineral Streams Inc. (“Mineral Streams”), a private company owning a 0.25% NSR royalty on the Williams mine at Barrick Gold Corporation’s (“Barrick”) Hemlo complex, a 0.5% NSR royalty on Wesdome Gold Mines Ltd.’s Eagle River mine, and a 1.5% NSR royalty

Indonesia says Newmont running out of time on new export permit

[Reuters] – Newmont Mining Corp’s Indonesian copper export permit will not be renewed beyond Friday unless the U.S. miner submits a progress update to the government on its plans to develop a domestic smelter, a mine ministry official said. Newmont, Indonesia’s second-largest copper miner, reached an agreement with the Indonesian government a year ago to develop local mineral processing facilities to end an eight-month tax dispute that halted exports. The

SILVER (MSM)

Saturday, April 11: Today in Gold and Silver

NEW YORK (TheStreet) — After doing nothing from a price perspective all through Far East trading on their Friday, the gold price caught a bid shortly after 9:00 a.m. BST.  It chopped higher, but got capped at the London p.m. gold fix—and then was sold down in the 1:30 p.m. COMEX close before rallying a bit more—and then trading sideways into the 5:15 p.m EDT close of electronic trading. The

Friday, April 10: Today in Gold and Silver

NEW YORK (TheStreet) — The gold price got sold down back below $1,200 the ounce in two smallish bouts of selling during the Thursday trading session in the Far East, with the Hong Kong low coming shortly before 2 p.m. local time.  The subsequent rally back above $1,200 spot got capped at the 8:20 a.m. EDT COMEX open—and by the London p.m. gold fix, the price was back in the

Thursday, April 9: Today in Gold and Silver

NEW YORK (TheStreet) — Despite a dollar index that was rapidly heading south, the gold price traded flat into the London open on their Wednesday morning—and began to head south shortly after 12 o’clock noon BST.  The selling pressure never let up from that point—and it got a final kick in the pants at the 2 p.m. EDT release of the Fed minutes—and for about an hour traded below the

ENERGY (MSM)

Nigeria selects two sites for nuclear power plants

By Chijioke Ohuocha and Svetlana Burmistrova LAGOS/MOSCOW (Reuters) – Nigeria has selected two sites for the construction of its planned nuclear power plants, as Africa’s biggest economy tries to end decades of electricity blackouts that have blighted its growth. Russia’s state-owned Rosatom, which has been in talks with Nigeria over the nuclear plants, on Friday confirmed two sites had been selected in Africa’s most populous nation and said they would

Experts eye Rosatom, Westinghouse reactors for South Africa nuclear power

By Wendell Roelf CAPE TOWN (Reuters) – South Africa is considering using reactors from Russia’s Rosatom and Westinghouse for its 9,600 megawatt nuclear fleet expansion, an energy advisor to government said on Friday. Africa’s most developed economy aims to build six new nuclear power plants by 2030 at an estimated cost of between 400 billion rand to 1 trillion rand ($33 billion to $82 billion). Kelvin Kemm, a member of

Weeks after biofuel quotas furor, EPA faces Senate grilling

The much-anticipated hearing by the Senate subcommittee on regulatory affairs and federal management will likely increase congressional attention to the pitfalls of the decade-old biofuels policy as it faces a fresh wave of criticism from policymakers, the oil industry and environmentalists. Introduced in 2005 and a pillar of two presidential administrations, the RFS was aimed at cutting America’s dependence on foreign oil and shift the nation to cleaner energy sources.

Russia not acting as responsible nuclear power: NATO commander

NATO’s top commander said on Wednesday Russia’s announcement it was adding 40 new intercontinental ballistic missiles to its nuclear arsenal was not the kind of behavior expected of a responsible nuclear power. President Vladimir Putin’s announcement on Tuesday of the planned new deployments put further strain on the relations between Moscow and the West, already tense over the Ukraine crisis. “This is not a way that responsible nuclear nations behave,”