LUSAKA, Aug 22 (Reuters) - Zambian copper output rose 10.6 percent to 402,222 tonnes in the first half of the year, the central bank governor Denny Kalyalya said on Wednesday.Zambian copper mining industry has been increasing production of the metal thanks to stable power supply and relatively higher metal prices in recent months.(By Chris Mfula; Editing by James Macharia)Read More
Cassini Resources, which is trying to advance a nickel-copper-PGE sulphide deposits and gold in Western Australia, received a US$3.09 million placement from Chinese lithium-ion battery materials manufacturer, Guangzhou Tinci Materials Technology. Announced last week, the dealwill result in the issue of approximately 68.8 million new ordinary shares at a price of A$0.061 per share. The placement pr...Read More
* WhatsApp under fire for failure to tackle fake messages* WhatsApp CEO assures Indian govt of action, will develop tools* India biggest market for WhatsApp; complaint redressal to start* WhatsApp to comply with central bank directive on financial data (Adds details, comments)By Aditya KalraNEW DELHI, Aug 21 (Reuters) - India said Facebook-owned WhatsApp had pledged on Tuesday to develop tools tha...Read More
* Smaller renewable firms starved of growth capital* Face stiff competition from well-funded, bigger firms* Mid-size firms with debt finding it hard to refinanceBy Promit MukherjeeMUMBAI, Aug 21 (Reuters) - Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond...Read More
* International markets prepare for U.S. sanctions vs Iran* U.S.-China trade dispute threatens global economic growth* U.S. crude oil stocks fall 5.2 mln bbls -API (Adds API data on U.S. crude stockpiles)By Stephanie KellyNEW YORK, Aug 21 (Reuters) - Oil rose to its highest level in a week on Tuesday, buoyed by the prospect of U.S. sanctions on Iran, though the trade dispute between Washington and...Read More
Investing.com - Gold prices traded higher on Tuesday as U.S. President Donald Trump’s critique of the Federal Reserve led to a softer dollar, upping the demand of foreign currency holders for the dollar-denominated asset.At 10:56 AM ET (14:561 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $1.40, or 0.12%, to $1,196.00 a troy ounce....Read More
* Dollar falls for fourth day, worst run since March* Greenback weakness boosts EM FX and commodities* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* For a live blog on European stocks, type LIVE/ in an Eikon news window (Adds detail, updates prices.)By Alasdair PalLONDON, Aug 21 (Reuters) - Critical comments by U.S. President Donald Trump about the country's central bank saw the dollar...Read More
* Dollar falls for fourth day, worst run since March* European stocks lower with FTSE underperforming* Dollar weakness boosts EM FX and commodities* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* For a live blog on European stocks, type LIVE/ in an Eikon news windowBy Alasdair PalLONDON, Aug 21 (Reuters) - Critical comments by U.S. President Donald Trump about the country's central bank...Read More
Aug 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16 points lower at 7,575 on Tuesday, according to financial bookmakers.* BHP: Global miner BHP BLT.L posted a 33 percent jump in annual underlying profit on Tuesday on robust oil and copper prices and paid a record final dividend, although it pushed out the timing for some future cost savings. is also assessing the impact of an ongo...Read More
(Bloomberg) -- BHP Billiton (LON:BLT) Ltd. paid out a record dividend and pledged to also return the proceeds of recent asset sales as profit jumped to the highest in four years on stronger prices and higher copper output.The world’s top miner raised its annual dividend 42 percent to $1.18 a share, which included a record final payment, though didn’t confirm details of plans to hand ba...Read More
Last week GDX and GDXJ were down almost 12% at their lows on Thursday. Since then, they've recovered but only a tiny fraction of recent losses.The crash did result in the miners reaching an extreme oversold condition while trading around long-term support at their December 2016 lows. It was the perfect setup for shorts to cover. That combination often results in at least a relief rally.While a ral...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipKing River's 'overnight' success story stretches back to 1970SPONSOREDking river copperPolarX points to upsideSPONSOREDpolarx ltdMy dear wife oft rolls her eyes condescendingly at some of the more patently dopey rules pertaining to golf in general, and my club...Read More
Orla hits 147.7m at 1.25% copperResource definitionSolGold set to shineSPONSOREDsolgoldWhile tipping the future price of any commodity is always risky, and there are few forecasts today of a sudden recovery in either copper or gold, the evidence points to both metals being oversol...Read More
World copper production was up by five percent in the first five months of 2018 with a lift provided by Latin America and Southeast Asia, according to a survey by the International Copper Study Group released yesterday. Production in Chile, the world's biggest copper mine producing country, increased by 13.5% primarily because production in February/March 2017 was restricted by a strike at Escondi...Read More
BELGRADE, Aug 21 (Reuters) - Three companies have placed bids for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, the Economy Ministry said.In July, Serbia's government said it was seeking 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.It had previously failed three times to sell the mining complex...Read More
World's No.1 mining company BHP (ASX, NYSE:BHP) (LON:BLT) revealed Tuesday that ore processing at its Olympic Dam copper, gold and uranium mine in South Australia is being affected by an ongoing technical issue.Copper production at Olympic Dam is set to reach around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.Releasing annual results, the company - which spent...Read More
Going on a crash diet seems great while you're shedding the pounds. The problem is sticking with it for the long term.That's what seems to be happening to the world's miners, which have spent the years since the commodity boom peaked in 2011 holding down salaries, eking out efficiencies and extracting the highest-quality parts of their deposits to keep costs in line with deflating prices.The cy...Read More
By Saad SayeedISLAMABAD, Aug 20 (Reuters) - Indian Prime Minister Narendra Modi has called for dialogue with Pakistan in a letter to its newly elected leader and Pakistan also saw talks with its old rival as the "only way forward", Pakistan's foreign minister said on Monday.New Pakistani Prime Minister Imran Khan offered an olive branch to India after his election victory last month, proposing tal...Read More
* China, U.S. to hold lower-level trade talks* U.S. sanctions against Iran could reduce supply* U.S. offers 11 mln barrels of oil for sale from SPR (Updates with settlement prices, market activity, adds commentary)By Stephanie KellyNEW YORK, Aug 20 (Reuters) - Oil futures rose on Monday after weeks of declines, as investors grew more concerned about an expected fall in supply from Iran due to U.S....Read More
* MSCI Asia-Pacific index up 0.02 pct, Nikkei down 0.6 pct* Trump accuses China, Europe of manipulating their currencies* Trump also reiterates displeasure at Fed's rate hikes* Dollar/yen slips to near 3-mth low, US yields brush 6-wk troughBy Shinichi SaoshiroTOKYO, Aug 21 (Reuters) - Asian stocks were capped and the dollar dipped on Tuesday after U.S. President Donald Trump accused China and Euro...Read More