Peru’s Ministry of Energy & Mines said this week that national copper reserves took a massive 31% jump during the past year — rising to 107 million tonnes, from a previous 81 million tonnes. That’s enough to put Peru at 11% […]
Author: PiercePoints
Prime Meridians – Myanmar, Mongolia And New Deals
This week in Pierce Points: Coal opponents scored a big win. U.S. courts ruled that approvals for new projects must consider climate change impacts. Zimbabwe’s top platinum mine teetered. The Mimosa mine’s operator Zimplats says it may close due to new export taxes. […]
“Independence Ratio” Shows A Major Oil Buying Spree Coming
Brazil president Michel Temer confirmed this week that state oil firm Petrobras will not be privatized. Ending speculation that the oil giant could be opened to foreign investment. Firms like Petrobras are becoming a hot target these days. Evidenced by an announcement yesterday […]
A Stealth Boom In This Forgotten Shale Signals Big Things For Natgas
The Americas continue to be the world’s top jurisdiction for oil and gas investment. With Chinese super-E&P Cnooc saying this past week it is seeking farm-in deals in newly-opened plays in the Gulf of Mexico. And in onshore shale, activity is […]
Does FL Climate Change Ruling Mean The End For U.S. Coal?
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 […]
What A Winning Mining Investment Looks Like
Further to the last item above, private equity firm EMR Capital appears to have pulled off a rare feat in the mining world. Make money on an advanced asset. Since 2013, with the general downturn in metals prices, there’s been […]
Private Equity Made 100% Gains In 18 Months In A “Weird” Nation
Private equity has been a rapidly-rising force in natural resources of late. With global PE firms holding an estimated $156 billion in funds for resource investments. And a big announcement this week suggests such buyers are having exceptional success in […]
This Nation’s Unfolding Energy Crisis Just Went “Super Critical”
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 […]
South Africa Gov’t Tipping Point Mean Big Things Ahead For Gold?
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. […]
The Mining Sector Just Collapsed Completely In This Troubled Nation
Tanzania’s mining sector has been in chaos lately. With the government escalating attacks on local gold, copper and gems producers over the last several months. And this week, things hit their most dire point yet. If you need to know […]
Unknown E&P Deal Changes The Global Energy Balance
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 […]
