The guidelines, the result of a three-year international effort, should help identify areas of particular environmental importance where no mining should occur. (Image: Mountains in the Sea 2004. Courtesy of NOAA Office of Ocean Exploration.)An international team of researchers has developed a set of criteria to help the International Seabed Authority (ISA) protect biodiversity from deep-sea minin...Read More
The U.S. election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump's trade war against China threatens to derail economic growth.Copper sunk to an almost one-year low and has fallen 16 percent from a high in June. All the major metals were in the red on Wednesday as the U.S. unveiled tar...Read More
(Bloomberg) -- China’s goal of putting more electric cars on the road is proving a bonanza for a South Korean tycoon.Huh Chin-kyu, the 77-year-old founder and chairman of Seoul-based Iljin Group, has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils, a key component of rechargeable batteries used in electric vehicles. The company&rsqu...Read More
Investing.com - Gold prices were under pressure on Tuesday as a stronger dollar pushed the precious metal back towards 7-month lows hit a week earlier.At 10:55AM ET (14:55GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange gained $4.90, or 0.4%, to $1,254.70 a troy ounce.Meanwhile, the U.S. dollar index, which measures the greenback’s strength aga...Read More
(Adds futures, company news items)July 10 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 12 points higher at 7,770 on Tuesday, according to financial bookmakers, with futures FFIc1 down 0.03 percent ahead of the cash market open.* KIER: British construction and support services company Kier Group Plc KIE.L said on Tuesday it had launched a cost-savings plan that would include the sal...Read More
July 10 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 12 points higher at 7,770 on Tuesday, according to financial bookmakers.* SKY/TWENTY-FIRST CENTURY FOX: Twenty-First Century Fox Inc FOXA.O is preparing a new bid for Sky Plc SKYB.L that values it at about 25 billion pounds ($33.14 billion) to top the offer it has received from Comcast Corp CMCSA.O , the Financial Times reported on...Read More
PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliKing River's 'overnight' success story stretches back to 1970SPONSOREDking river copperA monumental effort by analysts at the Australian-based bank, the 45-page repor...Read More
(Bloomberg) - China's goal of putting more electric cars on the road is proving a bonanza for a South Korean tycoon.Huh Chin-kyu, the 77-year-old founder and chairman of Seoul-based Iljin Group, has become his country's latest billionaire thanks to increasing demand for the firm's copper coils, a key component of rechargeable batteries used in electric vehicles. The company's Iljin Materials unit...Read More
HAMBURG, July 10 (Reuters) - A final deal has been signed for the sale of German copper products company Mansfelder Kupfer und Messing (MKM) for 80 million euros ($94 million) to fellow German copper producer KME, MKM said on Tuesday.MKM last year produced over 270,000 tonnes of copper products at its plant in Hettstedt including rolled products, tubes, copper rods and wire rods.Osnabrueck-based K...Read More
On July 6, 2018, Zald?-var signed a new power plant supply agreement with Colb??n, a Chilean electric power utility company. The copper mine will be the first to operate with 100% renewable energy: a combination of hydro, solar, and wind power.The Copper Mine, located in Northern Chile, is a 50% joint venture between Barrick Gold and Antofagasta since December 2015. Antofagasta's official website...Read More
SHANGHAI, Jul 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index fell below 94 on weaker-than-expected salary data, but closed slightly up from the previous trading day, given a declining euro on political turmoil in London overnight. Base metals mostly rose but with limited momentum with pressure from the China-...Read More
* Trade war fears recede* STOXX rises 0.6 pct, FTSE up 0.9 pct* Britain's Foreign and Brexit ministers resign (Updates prices, adds details)By Julien Ponthus and Helen ReidLONDON, July 9 (Reuters) - A wave of optimism about the resilience of the global economy helped European shares make gains despite the escalation of the U.S.-China trade dispute and renewed divisions in the British government ar...Read More
* FTSE 100 up 0.9 pct* Foreign Sec resignation dents sterling* Political uncertainty hurts real estate stocks* BHP up on U.S. shale deal speculation* Broker upgrade boosts Just Eat (Updates prices, adds details)By Danilo Masoni and Helen ReidMILAN/LONDON, July 9 (Reuters) - Britain's FTSE 100 jumped on Monday after two leading eurosceptic ministers' resignations dented sterling, with real estate...Read More
Investing.com - Gold prices started the week off on the right foot, heading further away from seven-month lows seen last week, as easing worries over inflationary pressure supported the precious metal.At 11:09AM ET (15:09GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange gained $6.60, or 0.5%, to $1,262.40 a troy ounce.Last Friday’s jobs report s...Read More
PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliKing River's 'overnight' success story stretches back to 1970SPONSOREDking river copper Both metals have been battered in the past month as US president Donald Trump...Read More
After a gravity-defying run, nickel has now also succumbed to weakness in the industrial metals complex as global trade fears mount, declining to $14,125 per tonne on Monday.The metal, mainly used in stainless steel manufacture, is down 10% or more than $1,600 a tonne from more than three-year highs hit on the LME a month ago.Nickel is still up by 62% compared to its June 2017 lows, mostly on the...Read More
Metals and minerals prices have come a long way since hitting multi-year lows late-2015, early 2016.Copper is up by nearly half, recent weakness notwithstanding. Zinc's nearly doubled since then and nickel bulls (suddenly aplenty) have achieved the same for devil's copper, the only major metal in positive territory for 2018.Gold has gained 20% from lows hit mid-December 2015; technically a bull...Read More
(Bloomberg) - Escalating trade conflict between the U.S. and China has sent industrial metals to oversold territory. Invesco Ltd.'s Jason Bloom is counting on President Donald Trump's playbook to reverse those losses.Bloom isn't alone. Citigroup Inc. metal analyst Max Layton is optimistic that the standoff could end within months. Economists at ING Bank are hopeful Trump's rhetoric will calm down...Read More
Tiger Resources will not be selling its Democratic Republic of the Congo mining and exploration assets to Sinomine HK for $260M.Tiger Resources said on Friday that terms acceptable to the company were not acheived and it issued a notice of termination to Sinomine HK.The assets comprised of the Kipoi Project, Lupoto Project and La Patience permit. Announcing the sale in January, Tiger said it was f...Read More
Written with material from Denham Capital news releaseDenham Capital, a resources and energy-focused global private equity firm, closed its first stand-alone mining fund, the Denham Mining Fund, at $558 million to expand its portfolio in Australia, Canada, South America and Africa.Denham Capital says it will continue its strategy of partnering with management teams with proven track records to ac...Read More