(Bloomberg) -- Call it the shot heard ’round the gold industry.As more than 1,100 gold mining executives, metals analysts and investors made their annual retreat to the mountains of Colorado, all anyone seemed to want to talk about was the deal that was announced just hours earlier. Mark Bristow, the outspoken chief executive officer of Randgold Resources (LON:RRS) Ltd. who helped arrang...Read More
(Bloomberg) -- Oil bulls cheered by the prospect of $100 oil beware. A rally in prices may be short-lived.That’s according to Janet Kong, who heads energy giant BP (LON:BP) Plc’s trading business in Asia. Any spike on the loss of Iranian supply due to U.S. sanctions probably won’t be sustainable in the long run, she said. That’s because the negative impact on demand fro...Read More
Partnerships In Burkina FasoSPONSOREDiamgoldElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Sure, when the gun goes bang there is blood on the walls, but the CEO will be paid to walk, the company will raise a heap more equity at bargain basement prices (an...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipPartnerships In Burkina FasoSPONSOREDiamgoldElementos builds diversified tin growth platformSPONSOREDelementosUp until recently, death was always something that happened to other people. I am young-ish, fit-ish and not as alcoholic as I could be, and so had assumed I was p...Read More
Hudbay to take part of Doubleview's HatM&APolarX points to upsideSPONSOREDpolarx ltdTwo years ago, the Toronto-listed company (NGQ) published a preliminary economic assessment to develop Josemaria and the nearby Los Helados deposit as a single project, channelling ore through a...Read More
Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdFour banks standing against a tide of selling in base and precious metals is not a guarantee that better times are around the corner, after all they could all be wrong. But it is interesting tha...Read More
BEIJING, Sept 25 (Reuters) - China Baowu Steel Group said a media report that it is in talks to take over Magang group was not true, state media Shanghai Securities News reported on Tuesday.Top Chinese steelmaker China Baowu Steel Group is in talks to take over rival Magang Group, three sources familiar with the discussions told Reuters earlier, a deal that would help entrench the nation's positio...Read More
BEIJING, Sept 25 (Reuters) - China's top copper smelters have set their floor treatment and refining charges (TC/RCs) for the fourth quarter at $90 per tonne and 9 cents per pound, two sources with direct knowledge of the matter said on Tuesday.The floor charges, the minimum miners pay smelters to process their copper concentrate into refined metal, were agreed at a meeting of the 10-member China...Read More
Diversified miner Anglo American (LON:AAL) has become the latest major miner to set foot in Ecuador by entering into an earn-in joint venture (JV) agreement with Canadian precious and base metals firm Luminex Resources (TSX-V: LR) which spun out of Lumina Gold (TSX-V: LUM) in August.The deal gives Anglo the right to earn a 60% ownership interest in a JV company, which indirectly holds three coppe...Read More
Miner and commodities trader Glencore (LON:GLEN) is increasing the size of its buyback program announced in July by purchasing another $1 billion of stock from now until the end of February 2019.The Swiss company had announced plans to buy back as much as $1 billion of its shares after the US government investigation into bribery and corruption sent the stock down more than 15 percent since the...Read More
* NSE index down 1.58 pct, BSE index 1.46 pct lower* BSE index hits lowest close in over 2 mthsSept 24 (Reuters) - Indian shares fell more than 1 percent and ended lower for a fifth straight session on Monday, dragged by financials such as Indiabulls Housing Finance Ltd INBF.NS and Housing Development Finance Corp Ltd HDFC.NS as investors continued to trim exposure to non-banking financial com...Read More
* Saudis, Russia rule out immediate rise in production* U.S. sanctions on Iran tightening global oil supply* U.S. crude inventories at lowest level since 2015* Traders, banks say crude could hit $100 in 2019 (Updates with settlement prices.)By Jessica Resnick-AultNEW YORK, Sept 24 (Reuters) - Global Benchmark Brent crude jumped more than 3 percent on Monday to a four-year high above $80 a barrel a...Read More
(Adds RBI's OMO purchase announcement and RBI's cancellation of certificate of registration for 14 NBFCs)By Abhirup Roy and Euan RochaMUMBAI, Sept 24 (Reuters) - Indian authorities sought to calm markets on Monday but investors paid little heed as fears that the non-banking financial sector is facing a credit crunch hit domestic bonds, stocks and the rupee, adding to Friday's selloff.Finance Minis...Read More
* FTSE 100 down 0.4 pct* Sky jumps as Comcast (NASDAQ:CMCSA) wins auction* Randgold rises on Barrick Gold deal* Thomas Cook (NS:THOM) sinks on profit outlook cut (Updates prices)By Helen ReidLONDON, Sept 24 (Reuters) - Resurgent fears of a protracted and costly trade war dented the FTSE 100 on Monday, while M&A stole the spotlight with Comcast finally clinching a takeover of Sky, and Randgold...Read More
Investing.com - Gold prices were higher on Monday as the greenback slumped amid trade war tensions and investors waited for the Federal Reserve’s interest rate decision this week.Comex gold futures for December delivery increased 0.36% to $1,205.60 a troy ounce as of 9:29 AM ET (13:29 GMT).The Fed meets on Tuesday and Wednesday, with traders expecting a rate hike for the third time this year...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1 pct* Sky jumps as Comcast (NASDAQ:CMCSA) wins auction* Randgold rises on Barrick Gold deal* Thomas Cook (NS:THOM) sinks on profit outlook cutBy Helen ReidLONDON, Sept 24 (Reuters) - Resurgent fears of a protracted and costly trade war dented the FTSE 100 on Monday, while M&A stole the spotlight with Com...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.By Gavin Montgomery, Research DirectorThe electric vehicle exuberance has been gaining traction in recent years. Governments are setting ever more aggressive targets on internal combustion engine bans, while automakers have been jocke...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.By Gavin Montgomery, Research DirectorThe electric vehicle exuberance has been gaining traction in recent years. Governments are setting ever more aggressive targets on internal combustion engine bans, while automakers have been jocke...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.By Gavin Montgomery, Research DirectorThe electric vehicle exuberance has been gaining traction in recent years. Governments are setting ever more aggressive targets on internal combustion engine bans, while automakers have been jocke...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.By Gavin Montgomery, Research DirectorThe electric vehicle exuberance has been gaining traction in recent years. Governments are setting ever more aggressive targets on internal combustion engine bans, while automakers have been jocke...Read More