(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 1 pct, mid caps up 0.8 pct* Brexit talk concerns send pound to 7-month low* Berkeley falls after warning on profit slump* Miners provide support as metal price riseBy Danilo MasoniMILAN, June 20 (Reuters) - The UK's top share index rose on Wednesday in a broad-based rebound in Europe as immediate worries over the...Read More
(Adds company news items and futures)June 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 15 points higher at 7,619 on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.66 percent ahead of the cash market open.* BERKELEY: London-focussed builder Berkeley BKGH.L posted a better-than-expected 15 percent rise in pretax profit to 935 million pounds ($1.23 billion) but...Read More
Jun 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of June 19, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- Aaditya ConstructionBGCRISIL A4108Migrated (Issuer Not Cooperating) Acute DesignsBGCRISIL A480Reaffirmed Anjana...Read More
SHANGHAI, Jun 21 (SMM) – SHFE nickel outperformed its nonferrous counterparts on Thursday June 21 with a gain of 1.7%. Tin inched up 0.19% and aluminium nudged up 0.04%. Copper dipped 0.12%, zinc and lead lost 0.60% and 0.68%, respectively.The ferrous complex saw mixed trading. Coke jumped 1.3%, iron ore edged up 0.22% while hot-rolled coil dipped 0.18% and rebar los...Read More
The company, which changed its name last month from Canada Zinc Metals, now plans to move the project through feasibility, permitting and towards production.Read More
It comes after Mineral Resources yesterday said it would not make a counterproposal to the A4.2c per share offer lobbed by Hancock subsidiary Redstone Corporation on Monday.The board of Atlas this morning withdrew its recommendation of the MinRes one-for-571 scrip offer, first announced in April.Shortly after, MinRes formally terminated the scheme implementation deed.Atlas will have to pay MinRes...Read More
But it has had to pay up big, forcing the 2015 BHP spin-off to mount a defence against suggestions that emboldened by its building cash on hand position of US$2.8 billion, it is paying too much for Hermosa.Read More
SHANGHAI, Jun 21 (SMM) – China is likely to implement a three-year initiative to “make skies blue again”, Zhao Yingmin, vice-minister of the Ministry of Ecology and Environment (MEE) said at a state policy briefing on Wednesday June 20.The initiative aims to sharply lower levels of PM2.5 in three years, reduce the number of heavy-polluted days and improve air quality. K...Read More
Bullion was trading at US$1,262 an ounce on the spot market at the time of writing, about $13/oz lower than this time yesterday.Australian investors were undaunted, with gold miners in the benchmark S&P/ASX200 index all in positive territory in midday trade.Producer Saracen Mineral Holdings (ASX: SAR) was up 6.05% earlier and trading around a 52-week high.In Toronto, the S&P/TSX Composite...Read More
SHANGHAI, Jun 21 (SMM) –Copper: An increase of 14,000 mt in LME inventory suppressed LME copper to a low of $6,774/mt overnight after it hit a high of $6,867/mt. It rebounded slightly to the $6,800/mt level before it closed. The SHFE 1808 contract touched a low of 51,470 yuan/mt but found support at the 60-day moving average and closed at 51,680 yuan/mt. LME copper sees support at the $6,800...Read More
"Mineral development will lead economic development and infrastructure development in the north," Natural Resources Canada assistant deputy minister Glenn Mason told this week's Resources for Future Generations conference in Vancouver.Read More
The first longstop date was originally April 20 and was the date all conditions precedent to completing a strategic agreement were to be satisfied.Under the September deal, Centerra was to pay close to US$60 million into government-administered environmental and health funds, in return for an end to existing arbitration, and guarantees of no future blocks on money transfers plus free movement...Read More
June 19, 2018 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper" or the "Company") is pleased to provide an operations and drill results update regarding the Underground and Open Pit projects at its 100%-owned, fully-permitted Pumpkin Hollow Project in Nevada.HighlightsEarly Underground construction works ramping up:Early construction works continue to ramp-up at the Pumpkin Hollow Underground pro...Read More
The United States has twice as many operating mines owned by publicly-traded companies than any other country, according to data from Mining Intelligence.As of this month there are 845 operating mines in the U.S., giving it 20% of the world's total.Russia is second with 408. Canada ranked eighth with just 167 operating mines.Mines considered in the survey had the following criteria:Mines are owned...Read More
World's largest miner BHP (ASX, NYSE:BHP) (LON:BLT) is said to have hired Goldman Sachs to assist in the sale of the Western Australia-based Nickel West, four years after giving up on the plan to divest the asset because it could find a suitor to meet price expectations.In 2017, the last time Nickel West was on the block, Glencore offered $200 million for the business, The Australian reports. (su...Read More
Ten people were killed and another 10 injured after a dumping site for copper mining waste collapsed in the town of Kitwe in Zambia's Copperbelt province, police said on Wednesday."The incident happened this morning and at least 10 people have been confirmed dead," Copperbelt police chief Charity Katanga said by phone from Kitwe, 400 km (248 miles) north of the capital Lusaka.Zambia is Africa's se...Read More
SHANGHAI, Jun 20 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index registered a fresh high in 11 months on Tuesday and closed at 94.98 overnight, up 0.25%.This led base metals futures to fall across the board, except for SHFE tin. LME copper, aluminium, zinc dropped over 2%, nickel slid close to 2%, tin and lead fell cl...Read More
* (Updates to close, adds commentary)* Agricultural commodities, metals, stocks tumble* Bond yields tumble as U.S. Treasuries in demand* Oil futures fall, investors eye safe haven currencies* Risk sentiment hurt as Trump threatens China with new tariffsBy Sin?(C)ad CarewNEW YORK, June 19 (Reuters) - Global stock markets fell with U.S. bond yields and agricultural commodities on Tuesday, while the...Read More
* (Updates to early afternoon, adds commentary, price updates)* Agricultural commodities, metals, stocks tumble* Bond yields tumble as U.S. Treasuries in demand* Oil futures fall, investors eye safe haven currencies* Risk sentiment hurt as Trump threatens China with new tariffsBy Sin?(C)ad CarewNEW YORK, June 19 (Reuters) - Global stock markets tumbled with U.S. bond yields and agricultural commod...Read More