South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday it had concluded a proposed deal with Canada's Regulus Resources (TSX-V: REG), and its newly formed subsidiary Aldebaran Resources, to jointly unlock value at the Altar copper-gold project, in Argentina.The precious metal miner said it benefitted from the transaction by obtaining upfront proceeds of $15 million while retaining a d...Read More
* High crude prices, weak rupee hurting sales growth* Maruti's Q2 profit down 10 pct y/y, sales 1.5 pct lower* Q2 total revenue from operations up 3 pct (Adds company chairman, executive comments)By Aditi Shah and Arnab PaulNEW DELHI/BENGALURU, Oct 25 (Reuters) - Maruti Suzuki India MRTI.NS may find it tough to meet its 10 percent sales growth target for the current fiscal year, its chairman sai...Read More
* NSE, BSE indexes fall 1.4 pct each* Investors cautious ahead of derivatives expiry* Reliance Industries top drag, hits 3-1/2-month lowBy Chris ThomasOct 25 (Reuters) - Indian shares fell nearly 1.5 percent to a seven-month low on Thursday, joining a sell-off in global equities amid concerns about a slowdown in the world economy.Asian shares plunged after tech stocks caused the largest daily de...Read More
(Adds graphic)* India coal imports: https://tmsnrt.rs/2Pk39w9By Sudarshan VaradhanNEW DELHI, Oct 25 (Reuters) - India's thermal coal imports rose at the fastest pace in three-and-a-half years in the September quarter, spurred by new demand and domestic infrastructure bottlenecks that are threatening government plans to cut foreign supplies.Imports jumped 35 percent to 42.7 million tonnes during th...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesBHP acquired a 6% stake in SolGold last month for US$59.2 million and increased it last week to 11.2% for a further $59.2 million.Newcrest is the company's largest shareholder with...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesGlencore produced 1.1 million tonnes of copper during the period, up 12% year-on-year, and 28,500t of cobalt, a 44% increase.Katanga contributed 102,600t of copper and 6,500t of cobalt....Read More
Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world's leading diversified natural resources groups, predicts a strong metals recovery ahead.Our view that commodities have fallen foul of wider macroeconomic concerns and the changing geopolitical landscape was confirmed at this year's LME Week. One of the issues that came up repeatedly was the fact that g...Read More
Newmont Mining, (NYSE:NEM), the world's second largest gold miner by output, reported Thursday lower third-quarter profit and revenue as a result of weak prices for the precious metal and copper in the period.The Greenwood Village, Colorado-based company logged an adjusted profit of $175 million, or 33 cents per share, for the three months leading to September, compared with a profit of $184 mi...Read More
* U.S. crude stocks up, gasoline, diesel inventories down -EIA* Saudi assurance on oil supplies, economic worries weigh* Two China state refiners to skip Iran oil bookings for Nov* Brent ends lower, U.S. futures up modestly (Adds additional details, quotes, updates prices to settlement, adds volume)By David GaffenNEW YORK, Oct 24 (Reuters) - Oil prices rose modestly on Wednesday, rebounding after...Read More
MUMBAI, Oct 24 (Reuters) - The Indian rupee strengthened to a three-week high on Wednesday morning, aided by a sharp fall in global crude oil prices overnight, while expected gains in local shares also helped sentiment. O/RThe partially convertible rupee INR=D2 was trading at 73.22/23 per dollar at 0340 GMT, compared with its previous close of 73.5750 and after earlier touching 73.10 in opening de...Read More
* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Nikkei futures point to opening drop around 600 points* Wall St suffers worst one-day fall since 2011* Chip stocks hammered amid earnings, economic worries* Bonds rally on safety bid, US dollar and yen in demandBy Wayne ColeSYDNEY, Oct 25 (Reuters) - Asian share markets face a rough ride on Thursday after a tumble in technology stocks inflicted th...Read More
Investing.com - Gold prices slipped from three-month highs on Wednesday as weakness in the euro and sterling pushed the dollar to nine-week highs.At 9:09 AM ET (13:09 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell $1.20, or 0.10%, to $1,232.20 a troy ounce, backing away from $1,237.80 reached on Tuesday amid simmering geopolitical tensions.M...Read More
(Adds company news items, futures)Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 69 points higher on Wednesday, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open.* BARCLAYS: Barclays BARC.L reported a profit before tax of 3.1 billion pounds ($4.02 billion) for the third quarter, as its under-pressure investment banking division booked...Read More
Despite beating average Wall Street analyst forecasts for third-quarter earnings per share and revenue, no material news on progress with the Indonesian government regarding its long-term Grasbe...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesKAZ produced 77,200 tonnes of copper in the quarter, up 2.5% year-on-year. For the first nine months of the year, output totaled 216,800t, climbing 12.2% on the year and keeping it on track to m...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Nevsun also disclosed Wednesday that Zijin had met the first of three Chinese regulatory requirements needed for the deal to close.With the National Development and Reform Commission approval in hand, Zijin is still awaiting approval from the Ministry of Commerce. The two permits are required for Zijin to apply for final approval...Read More
CALGARY, Alberta, Oct.25, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC-Pink: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox"), are pleased to provide an update on a recently completed mapping and sampling program on Copper Fox's 100% owned Mineral Mountain copper project located approximately 15 miles east of Florenc...Read More
Galan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesOne simple solution to optimize your underground operationSPONSOREDkomatsuWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock mineralsGoncalves stunned market observers with a no holds barred attack on...Read More
England's historic South Crofty tin mine could soon be back in production.Vancouver-based Strongbow Exploration (TSX-V : SBW) owns South Crofty, the iconic former-producing copper and tin mine in Cornwall. The company plans to bring the mine back into production following a proposed dual listing on London's AIM market.London-based law firm Fieldfisher has advised Strongbow on successfully closing...Read More
The copper price was holding steady at $2.75 a pound ($6,060 a tonne) on Wednesday, trading 7% above its summer lows.That did not stop investors punishing the sector, however, with top listed copper miner Freeport McMoran dropping nearly 8% to a new 52-week low. Major producers Southern Copper Copper, First Quantum and KGHM also fell to the lowest in a year.Copper is down 16.7% so far this year...Read More