查看更多>>摘要：Long-time poll leader Petro won the first round as expected with about 40% of the vote, but centrist populist outsider Hernandez surprised many by taking 28% of the vote and beating Federico Gutierrez into the run-off spot. Gutierrez has pledged his support for Hernandez, giving him a strong shot at being Colombia's next president if people vote along similar lines during the second round.
查看更多>>摘要：Rosedale will acquire a portfolio of royalties from Equinox for $28.4 million in stock and from Sandstorm for $65 million comprising $32.1 million in stock and $32.9 million in a convertible promissory note. Upon closing, Sandstorm and Equinox will hold 34% and 30% respective interests in Rosedale, which intends to change its corporate name to Sandbox Royalties and seek a public listing on a Canadian stock exchange and undertake a non-brokered private placement financing at 70c per share for minimum proceeds of C$5 million.
查看更多>>摘要：Nexa will subscribe for 40.8 million shares priced at 22c per share for proceeds of $8.97 million. Nexa previously held a 9% stake in Tinka to increase its stake to 18.2%. Buenaventura will subscribe for 9.8 million shares for additional proceeds $2.15 million and upon closing, will continue to hold a 19.3% stake in Tinka. The miners are paying a 69% premium over the explorer's closing share price yesterday, which was at a 52-week low. "They realsie that 13 cents does not represent the value in the company.
查看更多>>摘要：S&P Global Rating's decision to drop Tesia from its S&P 500 ESG Index while retaining oil and gas giant ExxonMobil -and Musk's subsequent outrage at this apparent contradiction - may be a defining moment for how ESG ratings are calculated as well as for the ongoing debate on how to better understand and refine what environmental, social, and governance means.
查看更多>>摘要：Since the end of March, the S&P 500 share price index has fallen 13.4% as equity valuations have adjusted to surging inflation, increasingly tough talk from the US central bank and a rising chance of recession in the USA and Europe. The NASDAQ 100, heavily laden with faddish technology and overpriced growth stocks, has given up 19.6% over the same timeframe. A background of volatile and falling equity prices mixed with a radically transformed set of geopolitical circumstances should have been an ideal environment for a safe haven investment. And, yet, the price of gold has slipped 6.9%.
查看更多>>摘要：Forty or so years ago, at the onset of the third Fraser ministry, the Austral-ian government's natural resources portfolio was held by Doug Anthony, then Deputy Prime Minister, leader of the National Country Party and unambiguously the second most powerful voice in cabinet. Influential Liberal Party deputy leader and former Treasurer, Phillip Lynch, opted to lead the Industry and Commerce Department.
查看更多>>摘要：Another own goal, this time by the entire Western world, is how complacent we've been in allowing China to dominate the lithium-ion battery supply chain - most refined battery materials come from China, something that's going to take years to reverse. Nevertheless, in Europe, as elsewhere, the fight-back has begun. Trafigura, one of the world's biggest commodity traders recently inked a deal to supply lithium to British junior Green Lithium which is constructing a lithium processing plant in England.
查看更多>>摘要：In fact, Glencore outperformed two if its main rivals, BHP and Rio Tinto, topped only by Anglo American when looked at over the five trading days to Friday. Away from the stock market, where investors seem willing to carry the costs of courts, penalties, sanctions of governments and criticism by agencies monitoring environmental, social and government (ESG) issues there is deeply significant event taking shape.
查看更多>>摘要：The metal has a well-earned reputation for correctly diagnosing financial trends with its falling price signalling tougher times ahead, especially for anyone making adventurous investment. The 15% price fall from US$4.90 a pound 10 weeks ago to latest sales at $4.16/lb has taken copper back to where it was 12-months ago. But the price drop tells only half the story because on the other side of the copper coin is evidence of an alarming increase in costs which were highlighted in Citi's latest analysis of copper which revealed a 30% industrywide marginal cost increase from $2.79/ lbto$3.63/lb.
查看更多>>摘要：From an industry-wide marginal production cost of US$6150 a tonne in 2021 the cost of producing copper has risen to $8000/t, the bank said. Some existing mines will struggle to trade profitably in the new and higher cost environment while projects in the planning stage could face delays as developers reassess new financial pressures. It doesn't get any better on the revenue side of Citi's outlook with the copper price forecast to fall to $8500/t over the next three months, down 5.5% on the latest price of $9000/t which is already 16.6% down on the March peak of$10,800/t.
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