Investing.com - Gold prices surged more than 1% higher on Tuesday, climbing back above the psychologically important $1,200 level amid increased safe haven demand as concerns over Italy’s fiscal issues hit financial markets.December gold futures were up 1.24% to $1,206.60 by 09:53 AM ET (13:53 GMT) on the Comex division of the New York Mercantile Exchange.Investor concerns over Italy intensi...Read More
Fatality at Serabi mine: NMBCapital marketsHudbay to take part of Doubleview's HatM&AArizona deal a sign of relaxed capital discipline?M&AAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resources In exchange for financing exploration work, Japan Oil, Gas and Metals National Corporation (JOGMEC) will gain an option to acquire a 60% stake in the property."Panoro is pleased to comple...Read More
LUSAKA, Oct 2 (Reuters) - , its finance minister said on Tuesday.The kwacha gained more than 5 percent to close at 11.9500 per dollar on Tuesday after hitting 12.6750 on Monday, its weakest level this year.Margaret Mwanakatwe said in parliament that pressure on the currency of Africa's No.2 copper producer had mounted lately due to demand for dollars from importers of petroleum products and extern...Read More
(Bloomberg) - Uganda plans to join a program aimed at rooting out corruption in resource industries as the East African nation seeks to reassure potential investors that it isn't involved in "conflict minerals."The cabinet has already endorsed the plan to join the Extractive Industries Transparency Initiative this year, according to Minister of State for Energy and Mineral Development Peter Lokeri...Read More
Peru's ability to post eight consecutive months of investment growth is calming fears that political woes would derail mining activity in the world's second-largest producer of copper, zinc and silver.Mining investment in Peru jumped 6.3 percent in August compared with last year, to $395 million, according to the latest report by the- Energy and Mines Ministry. Investment in development and prepar...Read More
(Updates with closing levels)By Swati BhatMUMBAI, Oct 1 (Reuters) - The Indian central bank said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.The latest move came after the government on Friday announced a borrowing target of a g...Read More
* Brent above $83 before Iran sanctions deadline* Analyst sees possibility of Brent at $100 a barrel* High prices, trade disputes threaten demand growth* Brent crude in different currencies: https://tmsnrt.rs/2N67zl9 (Updates with closing prices)By Jessica Resnick-AultNEW YORK, Oct 1 (Reuters) - Oil futures jumped more than $2 a barrel Monday, rising to levels not seen since November 2014, as U.S....Read More
* NSE index up 0.71 pct, BSE index 0.83 pct higher* Yes Bank top pct gainer on NSE indexOct 1 (Reuters) - Indian shares ended higher on Monday snapping a three-session losing streak, boosted by financials such as Housing Development Finance Corp Ltd HDFC.NS and IT bellwether Tata Consultancy Services Ltd TCS.NS .Investors remained cautious in early trade following the central bank announcing...Read More
LONDON, Oct 1 (Reuters) - Shareholders in Vedanta Resources, the UK arm of Indian miner Vedanta, on Monday backed the delisting of the company from London, where the miner has faced protests and legal action.Volcan Investments, the family trust of Vedanta chairman and founder Anil Agarwal, announced a roughly $1 billion buyout offer for Vedanta Resources in July. Monday, the cancellation of the li...Read More
Investing.com - Gold prices fell on Monday as the greenback rose amid easing trade tensions and investors rallied to equities.Comex gold futures for December delivery fell 0.34% to $1,192.10 a troy ounce as of 11:36 AM ET (15:36 GMT).The U.S. and Canada reached a trade deal on the North American Free Trade Agreement (NAFTA) on Sunday night, just hours before the deadline, easing trade tensions acr...Read More
* Latest of several extrajudicial killings - activists* Two police officers arrested, apology issued* Police action is rare after such killings* Activists say state reputed for gangsterism* Tiwari was jovial, hard working Apple employeeBy Pawan Kumar and Aditya KalraLUCKNOW/NEW DELHI, Oct 1 (Reuters) - The deadly shooting of an Apple AAPL.O manager by police in India's most-populous state prompted...Read More
(Repeats text unchanged)LONDON, Sept 28 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/IF NOT 4Q The fourth quarter gets underway on Monday, the time of year when investors hope things quieten down and allow them to lock in the profits they've accrued throughout the year. That's the theory,...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesDavenport puts South Harz potash back in global spotlightSPONSOREDdavenport resourcesInertia, or perhaps more accurately, momentum, is a terrible thing. As I have pointed out many times in this column, both...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesDavenport puts South Harz potash back in global spotlightSPONSOREDdavenport resourcesCritically, the new reserve did not include the New Ingerbelle resource, nor any of the aset's sizeable remaining resources.The new...Read More
Fatality at Serabi mine: NMBCapital marketsAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesDavenport puts South Harz potash back in global spotlightSPONSOREDdavenport resourcesAMC Consultants: San Sebastian Mining Method Case StudySPONSOREDamc consultantsImportantly, the company said the Makoko high-grade discovery showed "characteristics identical to the tier-one Kamoa-Kakula discove...Read More
PolarX points to upsideSPONSOREDpolarx ltdThe Vancouver-based miner, which is listed in Canada and Australia following its merger with ASX-listed Altona Mining in March, said Eva had the potential to add significant cashflow to its op...Read More
A heated debate is taking place in Argentina after opposition senator Alejandro Abraham presented a project to modify Law 7722, which regulates mining activities in the central Mendoza province, known for its wine production.Among other things, Abraham's bill establishes a new Special Mining Rate, which is 50 per cent higher than royalties and specifies in which sectors the revenue it generates ca...Read More
HAMBURG, Oct 1 (Reuters) - Aurubis, Europe's biggest copper smelter, will offer 2019 copper premiums to its customers of $96 per tonne, the company said on Monday, confirming earlier reports from traders.This compares to $86 per tonne in both 2018 and 2017.The premium is paid by customers above the London Metal Exchange (LME) copper prices."I think the increase shows the positive state of market...Read More
(Bloomberg) - Commodities just posted the longest losing streak in more than three years, and analysts and investors are giving conflicting signals over whether the worst is over.The Bloomberg Commodity Index fell 2.5 percent in the third quarter amid a stronger dollar, trade frictions and concerns over the Chinese-demand outlook. Copper slid into bear markets and gold posted its longest run of m...Read More
Shares in Canadian miner Ivanhoe Mines (TSX:IVN) jumped Monday after it announced a significant new discovery of high-grade copper on its 100%-owned Western Foreland asset, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC).The find, named Makoko, is Ivanhoe's third major copper discovery in the DRC, as well as the first of multiple high-potential target areas ident...Read More