Sunday Sep. 9, 2018 will go down in Chile's copper state miner Codelco's history of as one the most important days of its Chuquicamata mine's 103 years of existence. This, because it marked the last blast at the bottom of the open pit operation, expected to transition to underground block cave mining by mid-2019.Codelco's second largest copper operation by size is expected to transition to under...Read More
Canada's Yamana Gold (TSX: YRI) (NYSE: AUY) said Wednesday that Argentina's surprise decision to impose a new tax on all exports could hurt its cash flow, even as the miner is mulling ways to mitigate the impact.Earlier this month, Argentine President Mauricio Macri and economy minister Nicol??s Dujovne announced temporary austerity measures to strengthen the country's ailing economy.Yamana, whic...Read More
MUMBAI, Sept 11 (Reuters) - The Indian rupee hit a life-time low yet again on Tuesday amid strong dollar demand from foreign banks, but the currency pared some of its losses later in the day following central bank intervention, dealers said.The rupee has been the worst performing Asian currency this year. Despite strong GDP growth, the currency has weakened about 12 percent this year amid higher o...Read More
* U.S. sanctions to target Iran oil exports from November* EIA cuts forecast for 2019 U.S. crude production growth* U.S. crude oil inventories fall 8.6 mln bbls last week -API(Updates with API data on U.S. crude inventories)By Stephanie KellyNEW YORK, Sept 11 (Reuters) - Oil prices rose more than 2 percent on Tuesday as U.S. sanctions squeezed Iranian crude exports and after U.S. crude oil product...Read More
* Both NSE, BSE indexes down 0.2 pct* Nifty FMCG index hits near 7-wk low* Infosys rises after UBS hikes TPBy Krishna V KurupSept 11 (Reuters) - Indian shares inched lower on Tuesday, extending their sharp falls from the previous session, as the rupee hovered near its record low, while fears of an escalation in the U.S.-China tariff dispute continued to haunt investors in broader Asian markets.T...Read More
* Global stocks gain for a 2nd straight day* Oil prices spike on Iran sanctions* Trade concerns keep pressure on emerging markets (Updates to close of U.S. stock markets)By Trevor HunnicuttNEW YORK, Sept 11 (Reuters) - A broad index of world stock markets posted gains for a second straight day on Tuesday, as investors piled into U.S. technology and energy stocks even as a trade war loomed.MSCI's i...Read More
* Global stocks gain for a 2nd straight day* Oil prices spike on Iran sanctions* Trade concerns keep pressure on emerging mkts (Updates to midday U.S. trading)By Trevor HunnicuttNEW YORK, Sept 11 (Reuters) - A broad index of world stock markets posted gains for a second straight day, as investors swooned over U.S. technology and energy stocks even as a trade war loomed.MSCI's index of global equit...Read More
* Global stocks index lower amid trade war fear* Emerging mkt shares, currencies under pressure* Oil higher on Iran sanctions (Updates to U.S. stock market open; changes dateline, previous LONDON)By Trevor HunnicuttNEW YORK, Sept 11 (Reuters) - A broad index of world stock markets edged lower on Tuesday as it struggled to maintain momentum amid lingering concerns over a trade dispute between Washi...Read More
(Bloomberg) -- More than $300 million in copper trades in a span of three minutes were enough to send copper reeling to a one-week low.From 8:42 to 8:45 a.m. in New York, 4,835 contracts were traded, each covering 25,000 pounds. That was 16 times the 100-day average for that time of day, a spike in volume that extended the red metal’s losses on the Comex.The metal posted the biggest monthly...Read More
Investing.com - Gold prices were driven lower on Tuesday as the U.S. dollar rallied amid Sino-U.S. trade tensions.Comex gold futures for December delivery fell 0.23% to $1,197.10 a troy ounce as of 10:25 AM ET (14:25 GMT).U.S. President Donald Trump threatened on Friday to impose tariffs on almost all Chinese imports, or about $467 billion in goods.Meanwhile, China is planning to ask the WTO for p...Read More
Investing.com - Gold prices inched up on Tuesday, as a lower U.S. dollar and trade tensions bolstered the precious metal.Comex gold futures for December delivery rose 0.16% to $1,201.70 a troy ounce as of 4:11 AM ET (8:11 GMT).Trade war tensions continued to ease investor sentiment. Robert E. Lighthizer, the United States trade representative met with European Union officials in Brussels on Monday...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipDe-risking progress propels Namdini SPONSOREDcardinal resourcesChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftEmboldened by last week's venture into the murky world of literature, I am doubling down and continu...Read More
The profit after tax was €24.5 million (US$28.4 million), up from €11.8 million in the first half of 2017, as profit for the June quarter also rose 157% on the year to €15.7 milli...Read More
Partnerships In Burkina FasoSPONSOREDiamgoldElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resources It kept its assumptions for other commodities unchanged, including a gold price forecast of US$1,250 an ounce for the rest of 2018.The company had boosted its outlo...Read More
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