Copper stocks Articles

Billions of British investment pounds predicted to enter Kazakhstan market

Oct. 3, 2018, 2:05 PM / MINING.com Editor

Kazakhstan is an "overlooked powerhouse" and one of the world's next big investment destinations was the message delivered to over 200 business leaders who attended the Kazakhstan Global Investment Forum in London yesterday.Several billion pounds of inward investment is expected to enter Kazakhstan over the next five years, as global organizations seek to benefit from a streamlining of government...Read More

Congo copper output seen up 12% to 1.2 million tonnes

Oct. 3, 2018, 10:55 AM / Reuters

KAMPALA, Oct 3 (Reuters) - Copper production in Democratic Republic of Congo, Africa's top producer, is expected to rise 11.6 percent to 1.2 million tonnes by end-2018, the Chamber of Mines said in a presentation on Wednesday.Gold production is seen rising 22.6 percent to 28,539 kg while cobalt output is expected to increase 33 percent to 98,449 tonnes it said.(By David Lewis and Alessandra Prenti...Read More

UPDATE 13-Oil eases below four-year highs; U.S. inventory rise expected

October 03, 2018 / Staff reporter

* Washington's Iran oil export sanctions to start on Nov. 4* OPEC seen having little spare capacity to fill Iran loss* Canada-U.S. NAFTA deal lifts market sentiment* HSBC says high oil price to weigh on growth* Coming Up: API's weekly oil inventory data at 4:30 p.m./2030 GMT (Updates with settlement prices)By Jessica Resnick-AultNEW YORK, Oct 2 (Reuters) - Oil prices eased slightly on Tuesday afte...Read More

PRECIOUS-Gold jumps as stocks sell-off entices safe-haven bids

October 03, 2018 / Staff reporter

* Gold heads for biggest daily percentage gain in over five weeks* Silver rises to more than one-month high* Investors on lookout for U.S. non-farm payrolls data (Updates prices)By Swati VermaBENGALURU, Oct 2 (Reuters) - Gold hit its highest in more than a week on Tuesday, vaulting the $1,200 per ounce mark, as investors sought refuge in the metal after stock markets sold off due to anti-euro comm...Read More

GLOBAL MARKETS-World stocks reverse course as Italy stress grips Europe again

October 03, 2018 / Staff reporter

* European stocks follow Asia lower* Italian bond yields rise, bank stocks sink* Oil near 4-year highs* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Helen ReidLONDON, Oct 2 (Reuters) - World stocks went south and European assets sold off on Tuesday after anti-euro comments from an Italian party official weighed on the single currency and sent Italy's bond yields up to multi-year high...Read More

Gold Prices Surge More Than 1%, Rise Above $1200 Level

Oct 03, 2018 / Investing.com

Investing.com - Gold prices surged more than 1% higher on Tuesday, climbing back above the psychologically important $1,200 level amid increased safe haven demand as concerns over Italy’s fiscal issues hit financial markets.December gold futures were up 1.24% to $1,206.60 by 09:53 AM ET (13:53 GMT) on the Comex division of the New York Mercantile Exchange.Investor concerns over Italy intensi...Read More

Japan backs Panoro Peru project

03 October 2018 / Tom Azzopardi in Santiago

Fatality at Serabi mine: NMBCapital marketsHudbay to take part of Doubleview's HatM&AArizona deal a sign of relaxed capital discipline?M&AAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resources In exchange for financing exploration work, Japan Oil, Gas and Metals National Corporation (JOGMEC) will gain an option to acquire a 60% stake in the property."Panoro is pleased to comple...Read More

Zambia mines to pay mineral royalties in dollars to stabilize kwacha

Oct. 2, 2018, 11:16 AM / Reuters

LUSAKA, Oct 2 (Reuters) - , its finance minister said on Tuesday.The kwacha gained more than 5 percent to close at 11.9500 per dollar on Tuesday after hitting 12.6750 on Monday, its weakest level this year.Margaret Mwanakatwe said in parliament that pressure on the currency of Africa's No.2 copper producer had mounted lately due to demand for dollars from importers of petroleum products and extern...Read More

Uganda to join transparency program as it seeks mining investors

Oct. 2, 2018, 10:00 AM / Bloomberg News

(Bloomberg) - Uganda plans to join a program aimed at rooting out corruption in resource industries as the East African nation seeks to reassure potential investors that it isn't involved in "conflict minerals."The cabinet has already endorsed the plan to join the Extractive Industries Transparency Initiative this year, according to Minister of State for Energy and Mineral Development Peter Lokeri...Read More

Peru's mining investment boom leaves political woes behind

Oct. 2, 2018, 6:20 AM / Bloomberg News

Peru's ability to post eight consecutive months of investment growth is calming fears that political woes would derail mining activity in the world's second-largest producer of copper, zinc and silver.Mining investment in Peru jumped 6.3 percent in August compared with last year, to $395 million, according to the latest report by the- Energy and Mines Ministry. Investment in development and prepar...Read More

UPDATE 1-India pumps in liquidity; bonds see profit-taking after initial rally

October 02, 2018 / Staff reporter

(Updates with closing levels)By Swati BhatMUMBAI, Oct 1 (Reuters) - The Indian central bank said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.The latest move came after the government on Friday announced a borrowing target of a g...Read More

UPDATE 9-Oil rises to 2014 highs on Iran Sanctions, NAFTA deal

October 02, 2018 / Staff reporter

* Brent above $83 before Iran sanctions deadline* Analyst sees possibility of Brent at $100 a barrel* High prices, trade disputes threaten demand growth* Brent crude in different currencies: https://tmsnrt.rs/2N67zl9 (Updates with closing prices)By Jessica Resnick-AultNEW YORK, Oct 1 (Reuters) - Oil futures jumped more than $2 a barrel Monday, rising to levels not seen since November 2014, as U.S....Read More

Indian shares snap three sessions of fall; financials gain

October 02, 2018 / Staff reporter

* NSE index up 0.71 pct, BSE index 0.83 pct higher* Yes Bank top pct gainer on NSE indexOct 1 (Reuters) - Indian shares ended higher on Monday snapping a three-session losing streak, boosted by financials such as Housing Development Finance Corp Ltd HDFC.NS and IT bellwether Tata Consultancy Services Ltd TCS.NS .Investors remained cautious in early trade following the central bank announcing...Read More

Vedanta shareholders back London delisting amid protest

Oct 02, 2018 / Reuters

LONDON, Oct 1 (Reuters) - Shareholders in Vedanta Resources, the UK arm of Indian miner Vedanta, on Monday backed the delisting of the company from London, where the miner has faced protests and legal action.Volcan Investments, the family trust of Vedanta chairman and founder Anil Agarwal, announced a roughly $1 billion buyout offer for Vedanta Resources in July. Monday, the cancellation of the li...Read More

Gold Prices Fall as U.S. Dollar Rises

Oct 02, 2018 / Investing.com

Investing.com - Gold prices fell on Monday as the greenback rose amid easing trade tensions and investors rallied to equities.Comex gold futures for December delivery fell 0.34% to $1,192.10 a troy ounce as of 11:36 AM ET (15:36 GMT).The U.S. and Canada reached a trade deal on the North American Free Trade Agreement (NAFTA) on Sunday night, just hours before the deadline, easing trade tensions acr...Read More

Police shooting of Apple manager in India sparks call for reform

Oct 02, 2018 / Reuters

* Latest of several extrajudicial killings - activists* Two police officers arrested, apology issued* Police action is rare after such killings* Activists say state reputed for gangsterism* Tiwari was jovial, hard working Apple employeeBy Pawan Kumar and Aditya KalraLUCKNOW/NEW DELHI, Oct 1 (Reuters) - The deadly shooting of an Apple AAPL.O manager by police in India's most-populous state prompted...Read More

GRAPHIC-Take Five: World markets themes for the week ahead

Oct 02, 2018 / Reuters

(Repeats text unchanged)LONDON, Sept 28 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/IF NOT 4Q The fourth quarter gets underway on Monday, the time of year when investors hope things quieten down and allow them to lock in the profits they've accrued throughout the year. That's the theory,...Read More

Gold supermajor not sustainable

02 October 2018 / Staff reporter

Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesDavenport puts South Harz potash back in global spotlightSPONSOREDdavenport resourcesInertia, or perhaps more accurately, momentum, is a terrible thing. As I have pointed out many times in this column, both...Read More

Copper Mountain lifts BC reserve base

02 October 2018 / Staff reporter

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesDavenport puts South Harz potash back in global spotlightSPONSOREDdavenport resourcesCritically, the new reserve did not include the New Ingerbelle resource, nor any of the aset's sizeable remaining resources.The new...Read More

'Identical' copper on 100%-owned lands

02 October 2018 / Staff reporter

Fatality at Serabi mine: NMBCapital marketsAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesDavenport puts South Harz potash back in global spotlightSPONSOREDdavenport resourcesAMC Consultants: San Sebastian Mining Method Case StudySPONSOREDamc consultantsImportantly, the company said the Makoko high-grade discovery showed "characteristics identical to the tier-one Kamoa-Kakula discove...Read More