* White House failure on healthcare raises worries over tax reform* Dollar falls to lowest since Nov. 11* Risk-off mood drives stocks, commodities lower* Safe havens such as gold, bonds, yen gain* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Jemima KellyLONDON, March 27 (Reuters) - The dollar and share prices tumbled on Monday, as investors worried that U.S. President Donald Trump's...Read More
Investing.com - Gold prices rallied to a four-week high during European morning hours on Monday, as growing doubts about U.S. President Donald Trump's pro-growth economic agenda prompted investors to dump risky assets and rush to safe havens.Comex gold futures reached a session peak of $1,259.20 a troy ounce, the highest since February 27. It was last at $1,257.75 by 3:20AM ET (07:20GMT), up $9.20...Read More
(Adds company news items, futures)March 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 17 points at 7,294 on Monday, according to financial bookmakers, with futures FFIc1 down 0.7 percent ahead of the cash market open.* AstraZeneca: AstraZeneca AZN.L said on Monday it had won approval for its lung cancer pill Tagrisso in China, a key market for the potential blockbuster medicin...Read More
March 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 17 points at 7,294 on Monday, according to financial bookmakers.* SHELL: Royal Dutch Shell Plc RDSa.L and Anadarko Petroleum Corp (NYSE:APC) APC.N may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive. BT:...Read More
Investing.com - Gold prices retraced gains late Friday but still notched up a second weekly rise as concerns over the Trump administration's ability to push through its pro-growth economic agenda underpinned safe haven demand.Gold for April delivery settled down 0.34% at $1,243.00 on the Comex division of the New York Mercantile Exchange, off session highs of $1,251.85.Gold touched its highest sin...Read More
Goldcorp's Cerro Negro Mine in southern Argentine. Miners inside the Eureka vein Photo courtesy Goldcorp Inc.The old adage "Mines are made not found" is a good start to "How to Build a Mine". There are thousands of mineral discoveries with very few that reach the positive feasibility stage and fewer yet where a profitable mine is actually built. There are three key components to building a mine, s...Read More
Diamond drill core from the Freegold Ventures Shorty Creek Project in Alaska. Note the massive chalcopyrite (copper) mineralization. Photo courtesy Freegold Ventures LtdThe most exciting news from a mining exploration stock is a high-grade drilling result. But what constitutes a good assay? It varies from situation to situation and commodity to commodity. Listed below is some rule of thumb informa...Read More
Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, is on track to start operations at its Solwara 1 gold, copper and silver project off the coast of Papua Guinea in early 2019.The Toronto-based company, which also is developing another underwater project, off the coast of Mexico, expects to have all its undersea mining tools ready to go by mid-next year, so it can kic...Read More
(Adds quotes, background)LUSAKA, March 24 (Reuters) - Indian mining company Vedanta Resources VED.L said on Friday it will invest $1 billion in its Zambian mining unit Konkola Copper Mines (KCM), creating 7,000 jobs.Vedanta announced the investment after a meeting between its Chairman Anil Agrawal and Zambian President Edgar Lungu.Vedanta has a majority stake in KCM and has said the mine could p...Read More
LUSAKA, March 24 (Reuters) - Indian mining company Vedanta Resources VED.L said on Friday it will invest $1 billion in Zambia's Konkola Copper Mines (KCM), which it sees having the potential to produce the metal for another 50 years.Vedanta has a majority stake in KCM.The investment, which is expected to create 7,000 jobs, was announced after a meeting between Zambian President Edgar Lungu and V...Read More
Investing.com - Gold prices slipped lower on Friday, as the U.S. dollar regained some strength ahead of a highly-anticipated vote on U.S. President Donald Trump's healthcare bill.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.28% at $1,243.85, just off the previous session's three-week high of $1.253,15.The April contract ended Thursday's ses...Read More
(Adds company news items, futures)March 24 (Reuters) - Britain's FTSE 100 futures FFIc1 were flat ahead of the cash market open on Friday.* SMITHS GROUP: British engineering firm Smiths Group SMIN.L stuck to its full-year outlook as growth in its detection unit, which makes security sensors, offset declines in other areas of its business and boosted first-half profit. LAMPRELL: Oil-rig builder L...Read More
March 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,347 on Friday, according to financial bookmakers.* RBS: State-backed Royal Bank of Scotland RBS.L said on Thursday it planned to close about 180 bank branches in Britain and Ireland and about 1,000 roles were at risk in the latest round of cuts and closures at the lender. EXPERIAN: The Consumer Financial Protectio...Read More
Description As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth. This Copper Long Term Outlook report provides a detailed breakdown of g...Read More
Description This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved. For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making. Our analysts are based in the markets they analyse and work with...Read More
In New York on Thursday copper for delivery in May was trading slightly higher at $2.6375 per pound or $5,817 a tonne with mixed news on disruptions at the world's biggest mines pulling the metal in different directions. Copper is holding onto modest gains year to date, but is down more than 6.5% since hitting 20-month highs mid-February.Copper has been buoyed by a strike at BHP Billiton's Escondi...Read More
When Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) closed the sale of its Castle-Blackrock claim block interest in Nevada to Columbus Gold in February, Seabridge Chairman and CEO Rudi Fronk noted that "the sale is part of a continuing program of divesting non-core assets in order to focus resources on core holdings, including the KSM and Iskut projects and the Snowstorm project."Iskut was acquired wh...Read More
Talks between striking workers at Escondida copper mine in Chile and majority owner and operator BHP Billiton (ASX, NYSE:BHP) (LON:BLT), ended Thursday with the parts failing to reach a deal and the main union choosing to return to work.The labour action at the world's largest copper mine, which finished today after 43 days, became the longest private-sector mining strike in Chile's history, loc...Read More
According to a new report by private capital tracker Preqin, overall fundraising for natural resources investment actually declined declined by a fifth in 2016 to the lowest since 2012 despite the turnaround in the industry experienced last year.Coming off a record 2015, 74 funds raised a total of $60bn in 2016 for investment in natural resources, which includes metals and mining, water, timberlan...Read More
At PDAC 2017, Adrian Day, founder and president of Adrian Day Asset Management spoke to a packed room about his outlook for gold under President Trump. After his talk at the conference, Mr. Day shared his insights with us on the positive and negative effects of Trump's policies on the stock market and the US economy as a whole. In this interview, he gives us his reasons why he thinks the time t...Read More