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.UPDATE: 22 June 2018OPEC has delivered a compromise that shows the commitment to unity that Saudi Arabia - and Russia - hoped for. Both countries worked hard to address the various issues facing the group and its non-OPEC partners.Fac...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.UPDATE: 22 June 2018OPEC has delivered a compromise that shows the commitment to unity that Saudi Arabia - and Russia - hoped for. Both countries worked hard to address the various issues facing the group and its non-OPEC partners.Fac...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.UPDATE: 22 June 2018OPEC has delivered a compromise that shows the commitment to unity that Saudi Arabia - and Russia - hoped for. Both countries worked hard to address the various issues facing the group and its non-OPEC partners.Fac...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.UPDATE: 22 June 2018OPEC has delivered a compromise that shows the commitment to unity that Saudi Arabia - and Russia - hoped for. Both countries worked hard to address the various issues facing the group and its non-OPEC partners.Fac...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.UPDATE: 22 June 2018OPEC has delivered a compromise that shows the commitment to unity that Saudi Arabia - and Russia - hoped for. Both countries worked hard to address the various issues facing the group and its non-OPEC partners.Fac...Read More
(Bloomberg) - President Donald Trump vowed to open large swaths of lands in Minnesota's remote Superior National Forest to mining, a move that could benefit a copper-nickel mine being pursued by Antofagasta Plc subsidiary Twin Metals Minnesota LLC.Speaking at a rally in Duluth, Minnesota, on Wednesday, Trump said his administration would soon be "taking the first steps" to rescind a move made in t...Read More
LUSAKA, June 21 (Reuters) - Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price.In 2015 and 2016, Zambia experienced a critical shortage of electricity of up to 600 megawatts due poor rainfall in a...Read More
After taking a breather yesterday copper was in retreat again on Thursday falling to $3.018 a pound or $6,650 a tonne, down nearly 9% or $640 a tonne since touching four-year highs just two weeks ago.Copper is often used as an indicator for economic prospects thanks to its widespread use in industry, transportation, power grids and construction.Worries about the impact of a trade war between the U...Read More
Miners around the globe dug up 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world's leader Chile, data released by the International Copper Study Group (ICSG) shows.The general increase, a 7.1% compared to Q1 2016, was mirrored by both concentrates (+7%) and solvent extraction-electrowinning or SX-EW (+7.3%) pro...Read More
Canadian gold junior Lumina Gold (TSX-V:LUM) has inked a formal five-year earn-in deal with First Quantum Minerals (TSX:FM), which will see the copper miner contributing $1.5 million for moving forward with exploration at Orquideas and Cascas gold/copper concessions in Ecuador.The agreement gives First Quantum the option of investing an additional $37 million over the course of the last four yea...Read More
Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, an official said on Thursday.Confirming an earlier Reuters report, the Mining Industry Coordinating Council found that four mines did not meet the criteria set by the government.The panel reviewed the 27 mines in the world's No. 2 nickel or...Read More
Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More
SHANGHAI, Jun 21 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index climbed above 95 and closed at 95.12 on Wednesday. US treasury yields also rose slightly after Federal Reserve Board chairman Jerome Powell saidthat there was a "strong" case to continue raising interest rates.“Earlier in the expansi...Read More
* Nasdaq posts record high close* Fed's Powell repeats case for gradual rate hikes* Dollar index steady, hovering near an 11-month peak (Updates with closing U.S. markets)By Caroline ValetkevitchNEW YORK, June 20 (Reuters) - Stocks on world markets edged higher on Wednesday, following a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Re...Read More
* U.S. stocks mostly up after trade war worry sell-off* Fed's Powell repeats case for gradual rate hikes* Euro stays lower against dollar after comments by ECB's Draghi (Updates with afternoon U.S. trading, adds oil price settlements)By Caroline ValetkevitchNEW YORK, June 20 (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent sell-off on rapidly escalating China...Read More
* U.S. stocks mostly up after trade war worry selloff* Fed's Powell repeats case for gradual rate hikes* Euro stays lower against dollar after comments by ECB's Draghi (Updates with late-morning U.S. markets activity, changes byline, dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, June 20 (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent selloff on...Read More
Investing.com - Gold prices were steady at a six-month low on Wednesday, as the greenback rose and trade tensions waned.Comex gold futures for August delivery were down 0.20% to $1,276.10 a troy ounce as of 10:38 AM ET (14:38 GMT).Trade tensions between the U.S. and China eased but still remained on the back of investors minds, as the two largest economies in the world faced a tit-for-tat over tra...Read More
(Adds details on arrests)By Sudarshan VaradhanTHOOTHUKUDI, India, June 20 (Reuters) - Vedanta Ltd VDAN.NS said on Wednesday a sulphuric acid leak from a tank at its southern Indian copper smelter was severe and inaction could lead to serious environmental consequences.The district administration had said on Sunday the leak at the plant in the seaside town of Thoothukudi was minor, and steps were b...Read More
* MSCI World index snaps 5-day losing streak as Asia bounces* China markets reverse losses on indications of policy support* European shares higher, futures signal Wall Street will rise* Tentative gains on emerging currencies, stocks(Updates prices, adds chart)By Sujata RaoLONDON, June 20 (Reuters) - World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent s...Read More
By Sudarshan VaradhanTHOOTHUKUDI, India, June 20 (Reuters) - Vedanta Ltd VDAN.NS said on Wednesday a sulphuric acid leak from a tank at its southern Indian copper smelter was severe and inaction could lead to serious environmental consequences.The district administration had said on Sunday the leak was minor, and steps were being taken to empty the storage tanks as a safety precaution. is a severe...Read More