April 19 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 26 points lower on Wednesday, according to financial spreadbetters.* British companies plan to increase their spending on advertising this year as they expect the UK economy to remain resilient despite the Brexit vote, a survey showed on Wednesday, reversing a previous forecast for a decline in ad budgets. Oil prices dipped on...Read More
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.FUNDAMENTALS* Malaysian palm oil futures fell on Tuesday, recording a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils. POI/* U.S. soybean futures fell on Tuesday for the second day in a row, hitting a one-week low as trad...Read More
Fortunes can be made when a new mine is found, or lost in the pursuit of one.Mines are by definition a finite resource, constantly in depletion.Large mining companies often outsource the risk-and reward of finding new mines to smaller, riskier ventures.When a new economic deposit is found the majors will often gobble up the juniors at astounding premiums.Take Diamond Fields International, a penny...Read More
Freeport McMoRan Inc (NYSE:FCX), the world's largest listed copper miner, has received an initial authorization to restart shipments of concentrate from its Grasberg mine in Indonesia.Freeport Indonesia is said to be in the process of obtaining a full export permit.The firm's local unit, which has not been able to ship copper from the mine since a government ban kicked in on January 12, is now in...Read More
A new copper find in South Australia has the potential to easily boost production.Mining firm Havilah Resources has confirmed a thick copper zone at its Croziers site about 400km northeast of the state's capital Adelaide.Its location between the company's Portia and Kalkaroo projects strengthens its push for plant development at Kalkaroo because the short 10 kilometre trucking distance would mean...Read More
(Updates with U.S. markets, changes dateline from previous LONDON)* U.S. crude little changed after gasoline data* Snap British election boosts sterling* Focus on Korean peninsula tension, French electionBy Rodrigo CamposNEW YORK, April 18 (Reuters) - Stock indexes and the U.S. dollar fell on Tuesday as a snap general election call in Britain added to a growing list of uncertainties for investors,...Read More
* European stocks dip on security worries* Dollar steadies against yen after U.S./Japan trade talks* France/Germany bond yield gap tightens before vote* Oil falls on rising U.S. shale output* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, April 18 (Reuters) - European shares fell and the dollar dipped against the yen on Tuesday as tensions over North Korea and t...Read More
Investing.com - Gold prices edged lower in European trading on Tuesday, one day after rallying to its strongest level in five months as investors monitored continued tension on the Korean peninsula.Comex gold futures shed $7.40, or around 0.6%, to $1,284.50 a troy ounce by 3:10AM ET (07:10GMT). Meanwhile, spot gold was down $2.00 at $1,282.70.The yellow metal settled higher for the fourth session...Read More
Apr 17 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of April 13 & April 14, 2017. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Aadesh Travels Pvt LtdST Bk FacCARE A452.5Assigned Advanced Computer And Mobiles India LT/ST (FB/NFB)CARE A3539.4 Reaff...Read More
Investing.com - Gold prices rose in European trade on Monday as a weaker dollar and tensions on the Korean peninsula supported demand.On the Comex division of the New York Mercantile Exchange, gold for June delivery gained 0.16% to $1.290.50 a troy ounce.Gold also benefitted Monday from a weaker dollar as the greenback felt pressure from Friday's release of weak U.S. retail sales and inflation dat...Read More
Following a spill of 850,000 litres of process water caused by a frozen pipeline at Highland Valley Copper's tailings facility in British Columbia's Interior, Teck Resources spokesperson Chris Stannell said the safety and stability of the mine's tailings dam were not affected.In an email statement, Stannell also said that the April 8 incident didn't cause any environmental impacts, as it was promp...Read More
Peru's Ministry of Energy and Mines revealed this week that the country's copper production rose by 5.42% in February compared to the same month last year. Overall growth for the first two months of 2017 reached 14.76%.According to the Ministry's release, the surge was driven by increased activity at two sites: Freeport-McMoRan's (NYSE:FCX) Cerro Verde, which accounted for 22.38% or 83,844 fine me...Read More
Chile's Codelco, the world's biggest copper producer, is moving forward with its plans to tap into the booming lithium industry by creating Salar de Maricunga S.A., a subsidiary that is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country's vast deposits of the silver-white metal.Setting up the new company, with an initial capital of $...Read More
A British team of scientists has discovered an underwater deposit of diverse minerals in the Atlantic, about 500km off the Canary Islands, which contains vast amounts of tellurium, used in the making of solar panels, wind turbines and electronics.The deposit, located 1,000 metres below the ocean surface, in a 3,000 metres-tall mountain known as "Tropic Seamount," contains tellurium in concentratio...Read More
The latest report by the International Copper Study Group which includes full year 2016 estimates shows world mine copper production jumped by 5.3%, or 1 million tonnes last year to 20.16 million tonnes.According to the report the increase was mainly due to a 38% (650,000 tonnes copper) rise in Peruvian concentrate output that benefitted from new and expanded capacity brought on stream in the last...Read More
Mining and metals investors were offloading the sector's big names on Wednesday after sharp drops in iron ore and copper prices over worries about the robustness of the Chinese economy and heightened tensions surrounding North Korea with President Trump sending an "armada" of US warships to the region.While gold was setting fresh 2017 highs on the back of safe haven buying, on the Comex marke...Read More
Shares in Canadian miner Northern Dynasty Minerals (TSX:NDM) were soaring Wednesday morning following Alaska's Department of Natural Resources (DNR) approval of a long-awaited land-use permit that clears the way for the company's vast, but stalled Pebble copper-gold-silver project.The permit, issued late Tuesday, allows Northern Dynasty's subsidiary - Pebble Limited Partnership - to conduct recl...Read More
BHP Billiton (ASX: BHP) (LON:BLT) has come up with a detailed response to activist investor Elliott Management, which issued a 10-page letter on Monday calling for major changes at the world's largest mining company.In its extensive presentation, the Melbourne-based miner said the minor shareholder's proposal to overhaul BHP's structure and spin off its US petroleum division was flawed and would...Read More
Palisade Research April 12, 2017 Category: Research Northern Sphere Mining Corp (CNSX:NSM)Current Price: C$0.405Shares Outstanding: 25.9 millionMarket Capitalization: C$10.5 million52-Week Range: C$0.17-C$0.85Cash: ~C$2.3 millionTotal Liabilities: ~C$2.4 millionIf you ask any successful mining investor what he looks for in a company, 99% of the time he will begin with management. Identifying seri...Read More
Australian explorer, Emu NL (ASX: EMU), provides the following update on its drilling program on the Company's Vidalita project in northern Chile. The objective of the program is, in addition to testing some of the targets generated from the December 2016 and January 2017 surface geochemical programs, to test below these surface indications of mineralisation for the inferred core of the mineralise...Read More