Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftBlack Rock polishes MahengeSPONSOREDblack rock miningBut in recent years, profits from iron ore have come to dominate the earnings of the majors and to drive their share prices. It has also co...Read More
The miner took over the Mowana copper project in Botswana last year and has hit some roadblocks in its plan to ramp up production to 12,000 tonnes per annum, which it said would be an Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipBlack Rock polishes MahengeSPONSOREDblack rock miningPolarX points to upsideSPONSOREDpolarx ltdIf memory serves, which somewhat disturbingly it increasingly does not, I spoke many years ago in this column about the etymology of the word "negotiate". We all...Read More
Fatality at Serabi mine: NMBCapital marketsHudbay to take part of Doubleview's HatM&AArizona deal a sign of relaxed capital discipline?M&APolarX points to upsideSPONSOREDpolarx ltd The company said it based the decision on a construction capex estimate of US$197 million.It had closed an upsized equity raising of C$108.5 million last month to continue to advancing towards construction...Read More
Hudbay to take part of Doubleview's HatM&ASolGold set to shineSPONSOREDsolgoldThe previously completed preliminary economic assessment envisaged capital costs of US$275-426 million, depending on the throughput selected, a post-tax net present value of $445-649 million, us...Read More
Kootenai National Forest, an agency that manages 154 forests and 20 grasslands in the U.S., announced today that they have approved the first phase of Hecla Mining's silver and copper mine in northwestern Montana.The Rock Creek Mine would be built beneath the Cabinet Mountains Wilderness, an area of glaciated peaks and valleys that take their name from the area's box-like rock formations. Grizzly...Read More
SANTIAGO, Aug 28 (Reuters) - Canadian miner Teck Resources Ltd will begin work in November on a $4.8 billion phase 2 project at its Quebrada Blanca copper mine in northern Chile, Chile's mines minister said on Tuesday.The company received environmental approval for the plan earlier this month, which aims to extend the life of the aging deposit by 25 years and boost production to 300,000 tonnes of...Read More
BELGRADE, Aug 28 (Reuters) - China's Zijin Mining and Russian-owned U Gold have sent valid bids for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, mining and energy minister Aleksandar Antic said on Tuesday.In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.Under the...Read More
BEIJING, Aug 28 (Reuters) - Jiangxi Copper Co, one of China's biggest copper producers, said on Tuesday that its net profit rose 53.9 percent year-on-year in the first half of 2018 due to higher copper prices.The Nanchang-based company said its first-half net income came in at 1.28 billion yuan ($186.21 million), versus 830.2 million yuan a year earlier.In April, Jiangxi Copper reported first-quar...Read More
Jaguar Land Rover Classic has dropped a bombshell in the growing electric vehicles (EVs) sector by announcing the start of production for its 'E-Type Zero' car, said to be "the most beautiful" of its kind in the world.Designed by Italian racing driver Enzo Ferrari, the body and style of this electric car was inspired by the E-Type series of the 1960s.Customers who already own classic E-types wi...Read More
Copper prices have faltered in recent months, prompting prognosticators to revive one of the more tiresome tools of market divination. When copper prices decline, conventional wisdom has it, there's trouble brewing for the global economy, given the centrality of the metal to so many vital industries.Copper's predictive powers have prompted many pundits to dub copper the "only metal with a Ph.D. in...Read More
MUMBAI, Aug 27 (Reuters) - The stock-broking arm of India's Axis Bank AXBK.NS on Monday began offering commodity derivatives trading on the Multi Commodity Exchange MCEI.NS platform, making it the first subsidiary of a bank to offer the service.The Reserve Bank of India had allowed bank subsidiaries to provide commodity broking services in September last year, as the Securities and Exchange Boar...Read More
* NSE, BSE indexes at record closing highs* Nifty breaches 11,700 levelAug 27 (Reuters) - Indian shares closed at record levels on Monday, with the NSE index breaching the 11,700 level for the first time, helped by positive global cues and gains in bank stocks.Both the benchmark BSE index .BSESN and the broader NSE index .NSEI ended roughly 1.2 percent higher at all-time highs. The BSE index cross...Read More
* Wall St rises on U.S.-Mexico trade deal, supporting oil prices* Oil producers cut output more than agreed -OPEC+ committee* Iran's Rouhani asks Europe for guarantees on oil sales (Updates with settlement prices, adds commentary)By Stephanie KellyNEW YORK, Aug 27 (Reuters) - Oil prices edged up on Monday, supported by a strengthening equities market and news that the United States and Mexico agre...Read More
* Mexico, U.S. reach agreement on trade* S&P 500, Nasdaq indexes hit record highs* German business sentiment brightens (Updates to reflect U.S.-Mexico trade agreement)By Trevor HunnicuttNEW YORK, Aug 27 (Reuters) - An index of major world stock markets rose to its highest level in more than five months on Monday after the United States and Mexico struck an agreement that lowers trade tensions....Read More
* S&P 500, Nasdaq indexes hit record highs* Mexico, U.S. seen closer to NAFTA deal* German business sentiment brightens (New throughout, updates prices, market activity and comments to U.S. stock market open; new byline, changes dateline, previous LONDON)By Trevor HunnicuttNEW YORK, Aug 27 (Reuters) - An index of major world stock markets rose to its highest level in more than five months on M...Read More
Investing.com - Gold prices were higher on Monday, as a weaker U.S. dollar and trade tensions boosted the precious metal.Comex gold futures for December delivery rose 0.44% to a one-week high of $1,218.60 a troy ounce as of 10:30 AM ET (14:30 GMT).U.S. and Mexican officials are meeting in Washington to discuss the North American Free Trade Agreement (NAFTA). The two sides are "hours" away from rea...Read More
Gold's impressive rally continues to accelerate. Key fundamental and technical price drivers are playing a bullish song with almost perfect harmony.Please click here now. Double-click to enlarge what may be the most beautiful weekly chart continuation pattern in the history of markets.Note the awesome stance of the RSI and Stochastics oscillators as gold begins to ascend from the right shoulder...Read More
For those who work at a mine site on a day-to-day basis, seeing huge mountains of organic matter aimed at future site reclamation may be a common occurrence that doesn't provoke much thought. But for Lauchlan Fraser, those mountains represent an unexplored universe ready to be scrutinized.For a while now, a question has been roaming the mind of the Biology professor: "Can soil from an old, large s...Read More
Chile's state-owned Codelco, the world's largest copper producer, said on Monday it offered a new contract proposal to striking workers in hopes of ending a small strike at its Andina mine.The 83 unionized workers of the Plantas de Andina union went on strike a week ago after talks with the company over salaries and bonuses in a new contract broke down."This afternoon, the company presented the ne...Read More