US-China trade spat wipes $57B from top mining stocks in fortnight

Hearings starting on Monday for a new uranium mine in Canada's Nunavut territory are attracting opposition from environmentalists and local First Nations who say the Kiggavik project impinges on important caribou calving grounds.

High-grade, shallow depth, wide mineralization.

Huge.

The cuts include scaling back some operations and deferring projects. Further job cuts to follow.

Brian Bagnell of Macquarie Capital Markets has two caveats for investors in junior oil and gas companies: Expect extreme volatility, and don't expect oil prices above $70/barrel anytime soon.

The Association for Mineral Exploration British Columbia says the province still top destination for companies and investors.

Chinese Novel Sunrise Investments has agreed to buy 48.7 million shares in SouthGobi —which was once worth over US$2.4 billion —for 35 cents per share in cash.

But it is going ahead with a thorough review of permits related to a proposed processing plant at the site.

Namibia and Botswana top the latest mining investment attractiveness index for the continent and move into top 25 worldwide.