Issues impacting investment in the mining sector

Asset managers globally have become the lightning rod for rapidly shifting populist views in Western countries, where the investment conversation is now dominated by environment, social and governance (ESG) factors.

These are being used to measure the sustainability and ethical impact of an investment in a company, based on its sustainability and ethical practices, attendees at the Joburg Indaba heard in September. CHANTELLE KOTZE reports.

This article first appeared in Mining Review Africa Issue 11, 2019
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The rapid evolution towards a global respect for ESG factors by investors and investment companies alike as well as the effect that this is having on different commodities, was explored by a panel which focused on the shifting investor perceptions of the mining industry chaired by Rothschild senior mining team adviser Fiona Perrott-Humphrey.

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Energy and financials weigh on Toronto stock market, U.S. markets up

By: THE CANADIAN PRESS

TORONTO — Canada’s main stock index fell in late-morning trading as the heavyweight financial and energy sectors moved lower.

The S&P/TSX composite index was down 36.12 points at 16,996.74.

In New York, the Dow Jones industrial average was up 24.70 at 28,091.17. The S&P 500 index was up 3.83 points at 3,137.47, while the Nasdaq composite was up 18.14 points at 8,650.63.

The Canadian dollar traded for 75.24 cents US compared with an average of 75.15 cents US on Monday.

The January crude contract was down 11 cents at US$57.90 per barrel and the January natural gas contract was down 7.5 cents at US$2.51 per mmBTU.

The December gold contract was up US$2.60 at US$1,459.50 an ounce and the December copper contract was up 1.5 cents at US$2.66 a pound.

This report by The Canadian Press was first published Nov. 26, 2019.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

The Canadian Press

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5G will be adopted far faster than 4G/LTE, Ericsson predicts

By: DUNCAN MCLEOD

The figure is contained in the company’s latest Mobility Report, for November 2019, which makes a range of forecasts for the telecoms industry up to 2025.

By then, as much as 75% of the world’s population will be covered by 5G networks, with average smartphone consumption set to amount to 24GB/month, from 7.2GB now, driven by demand for video and as new services such as virtual reality and augmented reality become broadly available.

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Bitcoin Gives the World ‘Democratization of Savings’ — Hedge Fund Exec

By: William Suberg

Bitcoin (BTC) can bring the world’s population out of debt thanks to its ability to allow consumers to save without permission.

That was according to Misir Mahmudov, the author and operations associate at cryptocurrency hedge fund Adaptive Capital, in his latest advocacy of Bitcoin on Nov. 27. Mahmudov is the brother of Murad Mahmudov, the well-known Bitcoin proponent.

Bitcoin will remove debt for “millions”

Writing on social media, Mahmudov argued saving in BTC permitted anyone to bypass the barriers to traditional methods of saving such as stocks and real estate.

“Bitcoin is the democratization of savings,” he summarized.

As a result, Mahmudov continued, large numbers of prospective savers would benefit:

“Today, you can stack sats & store your wealth in the scarcest asset. The ability to save wealth in bitcoin will bring millions of people out of debt.”

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Social Equity Map Seeks To Address Impact Of Cannabis Criminalization

By: NOAH JOHNSON

A number of lawmakers said the criminalization of cannabis has had a negative effect on employment, housing, health, and business ownership for certain residents, including some in northern Illinois. That’s why the legalization of recreational use includes a social equity program.

Those who qualify for the program may be eligible for technical assistance and support in creating a business plan, reduced license and application fees, and access to low-interest loans.

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Thor Mining’s broad portfolio of assets starts to mature

By: Philip Whiterow

The key asset is the Molyhil tungsten and molybdenum project, which lies 220 kilometres east of Alice Springs.

Since mid-2004 it has been the subject of systematic testwork comprising geophysical exploration, diamond and reverse circulation drilling programmes, surface and underground bulk sampling, metallurgical testwork and a geotechnical study.

A feasibility study revealed in August 2018 that the project is technically and economically viable, has a seven-year life, with strong financial returns and rapid capital payback.

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Alibaba’s shares climb almost 8% in their first morning of trading on the Hong Kong stock exchange

By: Catherine Shu

Alibaba share price increased as much as 7.7% during its first morning of trading on the Hong Kong Stock Exchange. Soon after the market opened, the shares climbed from their listing price of HKD $176 (a 2.9% discount from their closing price on the New York Stock Exchange on Tuesday) to HKD $189.50.

Each of Alibaba’s American depositary receipts on the NYSE is equivalent to about eight Hong Kong shares. Alibaba issued 500 million new ordinary shares for the secondary offering, plus an overallotment option for 75 million shares that will allow it to raise even more money if exercised. Its Hong Kong shares are trading under the ticker number 9988, a play on the words for “long-term prosperity” in Chinese.

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Bear Breather? Bitcoin Looks Oversold After 50% Price Drop Since June

By: Omkar Godbole

Bitcoin is looking oversold, having lost half its value in the last five months.

The premier cryptocurrency by market value fell to a six-month low of $6,515 during the Asian trading hours and is currently trading at $6,880 on Bitstamp. That represents a 50.43 percent drop from the year-to-date high of $13,880 hit on June 26.

BTC has registered losses in all of the last four weeks and last week’s 18.72 percent drop is the biggest 7-day decline in nearly two months.

The sell-off may now be set for a pause, with the 14-day relative strength index (RSI) flagging oversold conditions, as seen below.

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