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The Precious Metal Heading For A Supply Squeeze

September 19, 2017 Dave Forest 0

The South African mining industry got more bad news this week, with sources saying major platinum producer Lonmin has been threatened with a possible shutdown of its mines, after being cited by regulators for non-compliance in its local social programs. But elsewhere, the news for platinum producers was even worse. With one of the world’s largest miners saying it may be forced to close a world-leading mining operation. That’s Zimbabwean miner Zimplats. Which said this week that government policies in the troubled nation are threatening…

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Will This Climate Change Ruling Kill U.S. Coal?

September 18, 2017 Dave Forest 0

I wrote last month about a landmark court decision in U.S. energy. Where judges threatened to shut down the $3.5 billion Sabal Trail pipeline in Florida — because regulators hadn’t assessed climate change effects from the downstream burning of the pipeline’s natural gas for power. At the time, I warned this would trigger more lawsuits — essentially opening up a new and powerful tool for environmental groups to oppose resource development.  And two cases this past week show that’s exactly what’s…

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“Super Critical” Coal Shortage Sends India Scrambling For NatGas

September 14, 2017 Dave Forest 0

Big disappointment in the global natural gas industry this week, with majors Total and Eni coming up largely dry in a much-anticipated well offshore Cyprus. But elsewhere things are turning extremely bullish for natgas. With one of the world’s fastest-emerging energy consumers scrambling to get all the supply it can. India. Local media reported this week that India’s power generators are seeing a sudden surge in natgas buying because of an “acute” shortage in the country’s go-to energy fuel: coal. After enjoying years…

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Expect Mine Closures In This Key Gold Mining Nation

September 13, 2017 Dave Forest 0

I wrote yesterday about the collapse of mining in key African gold nation Tanzania. And today, emerging news shows another major gold producer entering crisis. South Africa. The dire warning on South Africa’s gold sector came from ratings agency Moody’s. With that group releasing a report saying that mine closures are likely close at hand. Moody’s noted that recent moves by South Africa to amend its mining code have created great uncertainty in the country. With requirements like increased Black Empowerment ownership…

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Unknown Oil & Gas Deal Just Changed The Global Energy Balance

September 12, 2017 Dave Forest 0

One of the biggest energy stories this year has been Russia’s Rosneft buying India’s Essar Oil — giving the Russian company a firm grip on one of the world’s biggest emerging oil and gas markets.  And this past week, that story got more complex. With Rosneft striking another big deal — drawing in another heavyweight energy nation.  China.  Rosneft announced Friday it is selling a significant chunk of its equity to Chinese investors. In this case, little-know exploration and production…

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Is This The Newest Nuclear Player In The Middle East?

September 7, 2017 Dave Forest 0

Uranium prices continue to hover at multi-year lows, currently going for $20 per pound.  But some global buyers see an opportunity in the current market crisis. With one of the world’s largest investors this week making a leap into the sector.  That’s the sovereign wealth fund of Oman. Which agreed to invest up to $120 million to fund a uranium development project in Spain — and potentially take a significant chunk of the uranium supply from the operation.  The Oman fund said it will make the investment…

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