Investing.com - Gold prices were modestly higher on Monday but remained near a 6-month low, as worry over trade remained in focus.Comex gold futures for August delivery were up 0.21% to $1,281.20 a troy ounce as of 10:28 AM ET (14:28 GMT).On Friday U.S. President Donald Trump announced a 25% tariff on 818 different Chinese goods worth $34 billion beginning on July 6. China promptly retaliated with...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1 pct* Cobham jumps 6 pct on MS upgrade* Indivior gains as U.S. court blocks generic drug* Energy stocks stage turnaroundBy Helen ReidLONDON, June 18 (Reuters) - Britain's top stock index fell on Monday as trade tensions between the United States and China kept the pressure on equity markets across Europe.T...Read More
(Adds company news items, futures)June 18 (Reuters) - Britain's FTSE 100 futures FFIc1 were down 0.2 percent ahead of the cash market open.* DS SMITH: British packaging group DS Smith Plc SMDS.L posted a 21 percent rise in full-year adjusted pretax profit on Monday, driven by acquisitions and strong demand from its European and e-commerce customers. VIRGIN MONEY-CYBG: Mid-sized British bank CYBG C...Read More
(Updates with comments from Vedanta)MADURAI, India, June 18 (Reuters) - A minor leak has been detected in the sulphuric acid storage plant in Vedanta's VED.L south Indian copper smelter, a government official said on Sunday, about a month after the state ordered its shutdown after protests in which 13 people died.Police opened fire on May 22 on a crowd of protesters calling for the shutdown on the...Read More
June 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 10 points higher at 7,644 on Monday, according to financial bookmakers.* TESCO: The chairman of Tesco TSCO.L , Britain's biggest retailer, on Friday pledged to end the all-white make-up of its board of directors. VIRGIN MONEY-CYBG: CYBG CYBGC.L is closing in an agreement to buy rival Virgin Money VM.L to create a larger bank to t...Read More
Resolute this month signed a framework agreement with Sweden-headquartered Sandvik to fully automate the loading and haulage operations at Syama.Read More
Anglo's activity in the remote area has sparked a staking rush, with junior Altamira Gold Corp (TSXV: ALTA) further adding to its ground on the Juruena belt in Mato Grosso last month."These new claims are located less than 60km from the recent copper discovery by Anglo American which sparked a major staking rush in September 2017," Altamira said in May.Anglo has confirmed to Reuters it had obtaine...Read More
SHANGHAI, Jun 19 (SMM) –Copper: LME copper tumbled to a low of $6,918/mt on Monday. Worries of a slowdown in China’s economic growth grew as May data fell short of expectations. US-Sino trade tension further unsettled the global base metals market. We expect LME copper to trade at $6,950-7,020/mt today with the SHFE 1808 contract at 51,900-52,500 yuan/mt. Spot discounts are seen a...Read More
Among the highlights, Pretium reported 1m at 58.7g/t within 90.21m at 1.71g/t gold.The holes were drilled east from Valley of the Kings underground development and confirmed mineralisation continued to beneath the Flow Dome Zone, with features also suggesting increased proximity to porphyry style mineralisation beneath this zone.Pretium said it would use the results to plan future drilling to focu...Read More
Bonterra said had entered a binding letter of intent, to acquire all of Metanor's shares for C73c in equity consideration, which represented a 40% premium based on its 30-day volume weighted average price and put the value of the transaction at $78 million (US$59 million).Read More
Glencore Canada has right of first refusal over the silver stream transaction and has 60 days to purchase the agreement on the same terms, Falco said.Under the agreement, Osisko (TSX: OR) will buy 90% of Horne 5's payable silver, and up to 100% if it elects to make the optional, fifth deposit.It will make staged payments totalling up to $180 million, and will also purchase a secured, $7 million (U...Read More
Management at the BHP-controlled Escondida mine in northern Chile and the officials from the No.1 Workers Union met for the first time on Monday to discuss a new collective agreement for the union's 2,500 members.If a deal is not reached before their existing contract expires at the end of the next month then workers could begin an indefinite strike that would halt production from the giant operat...Read More
SRK Consulting (South Africa) partner and principal consultant, Andrew van Zyl says a local review of eight recent gold-sector transactions showed a price per reserve-ounce ranged from R835/oz to R84,200/oz - adjusted for the prevailing gold price - and the price per reserve and resource ounce ranged from R36 to R3,679.van Zyl said the market approach was based on comparative transactions within t...Read More
SHANGHAI, Jun 19 (SMM) – Nonferrous metals futures dipped across the board on Tuesday June 19 with SHFE copper leading losses and closing over 3.4% lower. Aluminium slumped over 2.8%, zinc fell nearly 2.4%, tin lost almost 2%, and nickel went down nearly 1.8%. Lead inched down.The ferrousc complex also plunged. Iron ore dived 4.6%, coke and coking coal lost some 4%, and rebar and hot-ro...Read More
Local media reported he died June 18 at the age of 94 in the Hospital Samaritano in southern Rio de Janeiro.Vale noted he was the first person to hold the role of president from 1961 to 1964 when the company was known as Companhia Vale do Rio Doce and he was only 36.In 1962, Batista signed Vale's first long-term contracts with 10 Japanese steel mills to supply 50 million tonnes of iron ore over a...Read More
He is a former executive vice president of corporate development and CFO of Goldcorp from 2016-2017. Prior to joining Goldcorp in 2013, he had the same roles at Newmont Mining, where he worked for 19 years.Ball currently serves on the boards of Trevali, Columbus Gold and Allegiant Gold.Read More
SHANGHAI, Jun 19 (SMM) – Some 2,935 mt of copper scrap imports received the green light in the 14th batch of approvals for restricted solid scrap imports, which was released on Tuesday June 19 by the solid waste management centre of China's Ministry of Ecology and Environment.Four companies involved in copper scrap imports made it to the approved list in this round. Two ar...Read More
Arizona's shares hit an all-time high of C$6.14, just shy of the $6.20 offer price agreed with South32.Around the globe miners had a better start to the week after Friday's circa-4% slump by many diversified majors, as trade war fears haven't worsened. In London, Rio Tinto (LSE: RIO) and Anglo American (LSE: AAL) both enjoyed a slight gain yesterday of 0.91%.In Australian trade though, BHP (A...Read More
In May, the company signed a memorandum of understanding with Vast Resources to jointly exploit diamonds and it is currently identifying targets for further work.Read More