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.Things are looking up for exploration as we start to see a long overdue return to profitability - for those companies still in the game. From single digit returns just a couple of years ago, we're now headed back to double-digit...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.Things are looking up for exploration as we start to see a long overdue return to profitability - for those companies still in the game. From single digit returns just a couple of years ago, we're now headed back to double-digit...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.Things are looking up for exploration as we start to see a long overdue return to profitability - for those companies still in the game. From single digit returns just a couple of years ago, we're now headed back to double-digit...Read More
WARSAW, May 22 (Reuters) - Poland's KGHM, which is one of the world's biggest copper and silver producers, plans to invest more than 11 billion zlotys ($3.03 billion) in Poland from 2018-2022, it said on Tuesday.The company also said it plans to reduce investment in oversees assets and focus on domestic operations.($1 = 3.6342 zlotys)(Reporting by Agnieszka Barteczko; Editing by David Goodman)Read More
Rio Tinto's copper and diamond chief executive Arnaud Soirat has put pressure on Mongolia to support its planned $5.3 billion Oyu Tolgoi mine underground expansion, saying foreign companies will be looking at it as a "test case" for future investment.During his presentation at the Mongolia Economic Forum on Tuesday, the executive said the landlocked, mineral-rich country had all ingredients to b...Read More
SHANGHAI, May 22 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US-Sino trade concerns eased, the US dollar surged to a high of 93.97 overnight. It closed 0.1% lower at 93.55.Base metals received support as fears of a trade war abated but faced resistance from a stronger US dollar. LME base metals rose across the board with...Read More
Investing.com - Gold prices were paring losses in midmorning trade on Monday as investors evaluated mixed messages with regard to U.S. trade.At 10:33AM ET (14:33GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange was down $3.70, or around 0.3%, to $1,287.60 a troy ounce, well off an intraday low of $1281.20.China and the U.S. agreed to halt imposing punit...Read More
MUMBAI, May 21 (Reuters) - India's Multi Commodity Exchange (MCX) MCEI.NS said it launched the country's first copper options contracts on Monday.Three contracts expiring in June, August and November with a lot size of 1 tonne were launched, the exchange said in a statement.The option contract will provide physical market participants an additional instrument to hedge their risk, said MCX Managing...Read More
(updates prices, adds quotes, context)* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* European stocks, Wall Street futures rise* Dollar gains, euro under pressure* Italian anti-establishment parties closer to power* Milan bourse suffers, yield on Italian debt rise* Oil prices near 3-1/2-year highsBy Julien PonthusLONDON, May 21 (Reuters) - Stocks, oil prices and the dollar were on the...Read More
Investing.com - Gold prices moved lower in early morning European trade on Monday as U.S. Treasury Secretary Steven Mnuchin said a day earlier that a trade war between China and the U.S. is now on hold, reducing the demand for safe haven assets.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange was down $8.60, or around 0.7%, to $1,282.70 a troy ounce by 4:33A...Read More
The major gold miners' stocks are still largely grinding sideways, mired in a bearish sentiment wasteland. Traders tend to assume low stock prices must be righteous, reflecting weak fundamentals rather than poor psychology. But once a quarter earnings seasons' bright fundamental sunlight parts the obscuring fogs of popular sentiment. The gold miners' just-reported Q1'18 results prove they rema...Read More
Many questions remain to be answered, of course, about how effectively different companies, boards and agendas (and stakeholder groups) can combine to deliver sustainable outcomes in the "soft" areas Schafer spoke about at the ResourceStocks Sydney 2018 conference, including early community and government relations work that leads into life-of-project corporate social responsibility programs and u...Read More
SHANGHAI, May 22 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday May 22. SHFE lead continued to lead an increase of over 2%, and copper and tin edged up. SHFE zinc lost 1.3%, aluminium dropped over 1% and nickel slid close to 1%.The ferrous complex registered another day of weak performance. Iron ore fell 2.6%, coke dropped over 2%, rebar slid over 1%, hot-rolled coil los...Read More
SHANGHAI, May 22 (SMM) – China invested 99.3 billion yuan in power grid projects in the first four months of this year, down 24.1% year on year, according to data from the China Electricity Council.Planned investment in 2018 by the State Grid is 7.1% higher than in 2017. Thus, SMM expects investment in power grid projects to grow the rest of the year. For editorial queries, please...Read More
The company said its recent consolidation, through options, purchase agreements and strategic staking, was the "first time since gold was discovered here in the late 1890s that this land has been under single management".It is planning a 6,000m diamond drilling programme to start next month.Margaux said the district had historic production of 785,000 ounces at an average grade of 14.4g/t gold and...Read More
SHANGHAI, May 22 (SMM) – Spot copper was mostly offered at a discount of 90 yuan/mt to flat over the SHFE 1806 contract on Tuesday May 22 in the Shanghai market. This compared with a discount of 50 yuan/mt to a premium of 20 yuan/mt on Monday.Sellers lowered offers from Monday as thin transactions grew supplies. Offers of standard-quality copper were lowered first in the morning t...Read More
The investors putting in A$11 million (US$8.35 million) are paying 3c per share, with Titan's ambitions entailing use of a combination of plants with combined capacity of 415,000 tonnes per annum.Read More
It has agreed to issue 44.4 million ordinary shares at 5p each to discretionary asset manager Lombard Odier Asset Management, which already owns a 5.78% share in Rambler.Read More
SHANGHAI, May 22 (SMM) – Copper: LME copper stuck between all moving averages with support at the 40-day moving average overnight. It rebounded and closed higher at $6,898/mt after it dipped twice as the US dollar gained and LME copper inventory registered a fourth consecutive day of gain of 1,425 mt. We see it rising to $6,870-6,930/mt today as pressure from shorts let up. Th...Read More