Thom Calandra: taking calculated yet extreme risks in mining
Thom Calandra, a long-time journalist and mining investor, knows what risks to stomach in search of jaw-dropping returns.
Thom Calandra, a long-time journalist and mining investor, knows what risks to stomach in search of jaw-dropping returns.
After a big spike up and an overdue correction in the gold price, Adrian Day, chairman and CEO of Adrian Day Asset Management, says that the king of metals is settling back into the steady rise in price that we've grown accustomed to over the past several years.
In one of the more blatant displays of raw power against the will of the people, the House Republican leadership today rammed through second consideration of HB 1950, an omnibus Marcellus Shale drilling bill that is an early Christmas gift to the multinational gas drillers and puts frack fluid in the stockings of citizens.
Diamonds were the talk of the Tower of London on Tuesday 8 November at a private dinner held to mark the start of a three-day summit to identify the world's most famous diamonds. With over 100 diamonds in the world at 100 carats or more, the criteria for Famous Diamonds must necessarily extend beyond size to focus on the rare qualities and historical provenance of these extraordinary gemstones, for example The Golden Jubilee, the world's largest faceted diamond in the King's Royal Palace in Thailand, The Centenary which has recently returned to the Sultan of Brunei after spending years in a London safety deposit box, the Incomparable hidden in the US and The Light of Peace in the Middle East.
In the high-risk junior resource sector, 95% of the companies investors might choose will fail to hit paydirt.
The number of Americans who will make purchases in more discretionary gift categories is rising, with people planning to purchase more jewelry - 21.2 percent vs. 20.3 percent last year, according to a recent survey.
Pro-and anti-mining forces are clashing once again over a proposed copper-gold mine in northern BC. On Monday Taseko Mines, the proponent of the New Prosperity mining project, said it has started legal action against people it alleges have obstructed preparations at the minesite. In response, the Tsilhqot’in Nation filed an injunction against the company "to halt its plans for extensive road-building, drilling, excavation of test pits, and timber clearing in support of its unprecedented and controversial resubmitted bid for approval of its soundly rejected Prosperity Mine project," the Tsilhqot’in, which represents six First Nations, stated in a press release.
TransCanada Corp. (TSE:TRP), the company behind the $7 billion Keystone XL pipeline project, has reached a deal with the state of Nebraska to reroute the proposed pipeline around an environmentally sensitive aquifer. The decision was announced late Monday at a news conference from the Nebraska state legislature. A bill was earlier introduced that would divert the pipeline away from the ecologically sensitive Sandhills area. Under the deal reached today, and to be voted on Tuesday, the state will pay for studies to find a new route to avoid the Ogallala aquifer which provides water for millions of people in the area.
VANCOUVER, BC--(Marketwire - Nov 14, 2011) - Tahoe Resources Inc. (Tahoe or the Company) (TSX: THO) is pleased to announce new drilling results from the Escobal project in southeast Guatemala. This update demonstrates significant expansion of known mineralized zones and provides continued optimism for deeper geologic upside at the project.
The Economic Times reports gold and diamond jewellery sales across India fell by 25-30% in grammage terms during Diwali due to rising gold prices and a noticeable shift to coins and bars, said a leading industry body which represents 300 000 jewellers. India is world's number one gold jewellery market and the sales figures can be seen as a setback for the industry. In August the World Gold Council said despite a higher gold price, Indian demand grew 38% during Q2 2011 compared to the same period of 2010 and will continue to expand for the rest of the year.