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Sep 22, 2018 / Staff reporter

Top Gainers$(document).ready(function() { $('.ChangePercentActive .spanPercent').trigger('click'); });ExchangeSymbolChartCurPricechg | %Red River ResourcesASXRVRAUD0.210.0210.53Royal NickelTSXRNXCAD0.430.0410.39Acacia MiningLSEACAGBP1.170.109.35China Gold InternationalTSXCGGCAD2.100.157.69MMGHKEX1208HKD3.860.277.52Top Decliners$(document).ready(function() { $('.ChangePercentActive .spanPercent')....Read More

Indian shares cut losses after panic selloff

September 22, 2018 / Staff reporter

* Both NSE, BSE indexes decline 0.8 pct* Indexes post biggest weekly drop since Aug 2017Sept 21 (Reuters) - Indian shares erased most of the losses on Friday after panic selling in housing finance and property stocks saw key stock indexes plunge over 3 percent in intraday trade.The broader NSE index .NSEI closed 0.81 percent lower at 11,143.10, while the benchmark BSE index .BSESN fell 0.75 percen...Read More

INSIGHT-Where are the "good days"? Challenges mount for India's Modi

September 22, 2018 / Staff reporter

By Krishna N. Das and Sanjeev MiglaniNEW DELHI/BHOMADA, India, Sept 21 (Reuters) - Narendra Modi swept India's 2014 general election with the slogan "Achhe din (good days) are coming".Four years later, as Prime Minister Modi mobilises to win re-election in May, he and his Bharatiya Janata Party (BJP) are being buffeted for a lack of jobs, falling farm prices and rural wages, a tax reform that led...Read More

Fitch raises India's 2018/19 growth forecast to 7.8 pct - statement

September 22, 2018 / Staff reporter

NEW DELHI, Sept 21 (Reuters) - Fitch Ratings has upwardly revised its forecast for India's economic growth to 7.8 percent from 7.4 percent for the current financial year ending in March 2019, it said in a statement on Friday."The economic outlook is subject to several headwinds including tightening of financial conditions, a rising oil bill and weak bank balance sheets," the statement added.Indian...Read More

UPDATE 1-Sterling slide cements FTSE 100 rally while Just Eat wilts

Sep 22, 2018 / Reuters

* FTSE 100 up 1.7 pct* Sterling sinks further after May lays down gauntlet to EU* Banks and miners drive gains* Just Eat tumbles on report Uber in talks to buy Deliveroo (Updates prices, adds details, quotes)By Helen ReidLONDON, Sept 21 (Reuters) - A slide in sterling after a speech by Prime Minister Theresa May helped boost Britain's exporter-heavy FTSE 100 to a 2 1/2 week high, cementing a thr...Read More

Gold Prices Fall, Still on Track for First Weekly Climb in 4

Sep 22, 2018 / Investing.com

Investing.com - Gold prices headed lower on Friday as a stronger dollar dented demand for the precious metal, but it was still on track for its first weekly climb in four as investors recentered their attention on the Federal Reserve.At 11:14 AM ET (15:14 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell $9.00, or 0.74%, to $1,202.30 a troy oun...Read More

Banks and miners cement FTSE 100 rally while Just Eat wilts

Sep 22, 2018 / Reuters

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.9 pct* Banks, miners drive lion's share of gains* Just Eat tumbles on report Uber in talks to buy Deliveroo* Sterling down after UK-EU Salzburg meetingBy Helen ReidLONDON, Sept 21 (Reuters) - Miners and banks drove Britain's top share index to a fresh two-week high on Friday, while Just Eat tumbled as Uber's...Read More

Nevada Copper building first US copper mine in a decade

Sep. 21, 2018, 4:21 PM / Frik Els

Pumpkin Hollow goes into production next year, but the underground mine is only the first phase of a planned Nevada copper operation four times the size Sun shines on Pumpkin Hollow underground project set for production in a year.For Yerington it's been 40 years in the making.The waste dumps left behind by Anaconda after shutting copper operations in 1978 still loom large over the small town in N...Read More

Mongolian court says copper mine nationalisation broke laws

Sep. 21, 2018, 10:55 AM / Reuters

LONDON/ULAANBAATAR, Sept 21 (Reuters) - The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine, a local court said on Thursday, the latest ruling in a long-running ownership dispute over one of Asia's biggest deposits.The Mongolian Copper Corporation (MCC) has been fighting for more than a year to stave off the government's attempt to...Read More

Shanghai sets challenge to New York, London in copper options debut

Sep. 21, 2018, 10:25 AM / Reuters Canada

BEIJING, Sept 21 (Reuters) - China's top state copper companies threw their weight behind Shanghai's first copper options on Friday, with early turnover trouncing its New York rival and raising a big challenge to the 141-year-old London bourse in the $270 billion global market.The initial burst of activity demonstrates strong interest among Chinese investors as the country aims to capitalise on it...Read More

Philippines halts quarry operations after deadly landslide

Sep. 21, 2018, 9:52 AM / Reuters

MANILA, Sept 21 (Reuters) - The Philippines on Friday temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble.As search, rescue and retrieval operations continued at the landslide site in Naga City on the central island of Cebu, Environment and Natural Resources Se...Read More

India sets dollar exchange rate at 73.65 rupees for import tax calculation

September 21, 2018 / Staff reporter

NEW DELHI, Sept 20 (Reuters) - India has set the dollar exchange rate at 73.65 rupees for import tax calculations effective Sept. 21, compared with 72.55 rupees a fortnight ago, according to a finance ministry statement on Thursday.The rupee INR=D2 , Asia's worst performing currency this year after depreciating around 12 percent, closed at 72.39 on Wednesday. It hit a record low of 72.99 on Tuesda...Read More

UPDATE 8-Oil prices pull back as Trump tweet shifts focus to OPEC

September 21, 2018 / Staff reporter

* Trump: "OPEC monopoly must get prices down now!"* OPEC gathering unlikely to agree change in oil output* U.S. sanctions on Iran oil exports start on Nov. 4 (Recasts with pullback in prices; updates with settlement prices)By Jessica Resnick-AultNEW YORK, Sept 20 (Reuters) - Oil prices eased on Thursday, pulling back after U.S. President Donald Trump urged OPEC to increase production at...Read More

As petrol prices sky-rocket, Indians look for ways to ease the pain

September 21, 2018 / Staff reporter

NEW DELHI, Sept 20 (Reuters) - Many Indians are switching off air conditioners in cars and going to gas pumps across state borders in a bid to save money, as petrol prices across the country hover at record-high levels.Protests against high petrol and diesel prices paralysed many parts of India earlier this month, shutting businesses, government offices and schools. The government blamed the high...Read More

GLOBAL MARKETS-Stocks rise as trade relief bounce continues, sterling shines

Sep 21, 2018 / Reuters

(Updates prices)* MSCI World index hits 3-week high, but Chinese stocks dip* Brexit hopes, strong data lift pound to 2-month high* Dollar down at 7-week low, Treasury yields edge up* Norwegian crown falls as central bank trims rate forecasts* World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, Sept 20 (Reuters) - A bounce in world stocks on relief that fresh U.S. and Chinese tari...Read More

Gold Prices Slip Despite Drop in Dollar Ahead of Economic Data

Sep 21, 2018 / Investing.com

Investing.com - Gold prices headed lower on Thursday despite a weaker dollar amid ebbing trade concerns as investors awaited economic data later in the session and looked ahead to the Federal Reserve’s policy session next week.At 5:54 AM ET (9:54 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $0.70 or 0.06%, to $1,207.60 a troy ounc...Read More

Gold Exodus to Reverse

Sep 21, 2018 / Adam Hamilton

Investors have pulled much capital out of gold in recent months in a major mass exodus. Their sentiment waxed very bearish as gold was pounded lower by extreme record gold-futures short selling. The latest record stock-market highs also suppressed the perceived need for diversifying portfolios with gold. But this heavy investment gold selling is slowing, and should reverse sharply once stock marke...Read More

Mining Agenda: Caterpillar's metamorphosis, 14/9/2018

21 September 2018 / Mining Journal

Fatality at Serabi mine: NMBCapital marketsOrla hits 147.7m at 1.25% copperResource definitionChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftElementos builds diversified tin growth platformSPONSOREDelementos In a wide-ranging interview, the pair pointed to the near-term emergence of the first cab-less haul truck https://www.mining-jou...Read More

Can DRC come back?

21 September 2018 / Staff reporter

Chile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe government last week provided further proof of its resolve to continue pushing down the road to...Read More

BHP's Spence copper mine in Chile partially closed following fire

Sep. 20, 2018, 2:19 PM / Reuters

SANTIAGO, Sept 20 (Reuters) - Global miner BHP Billiton Ltd said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations.No one was injured in the fire, which has since been extinguished, the company said."Operations in the area were stopped immediately and we undertook the safeguards and procedures necessary to protect our workers," a company rep...Read More