* World stocks index touches more than 1 week high* Emerging market stocks rise after Turkey rate hike* Chinese markets, copper still under pressure (Updates to U.S. stock market open; changes dateline, previous LONDON)By Trevor HunnicuttNEW YORK, Sept 14 (Reuters) - An index of world stock markets climbed to its highest in over a week on Friday as expectations grew that the United States and Chin...Read More
Investing.com - Gold prices rose on Friday as the U.S. dollar fell after lower than expected economic data.Comex gold futures for December delivery rose 0.36% to $1,212.50 a troy ounce as of 4:32 AM ET (8:32 GMT).Data on Thursday showed that inflation pressures in the U.S. are easing, increasing concern that the Federal Reserve could ease its stance on monetary policy. Higher rates are a negative...Read More
(Bloomberg) - The Democratic Republic of Congo's government will soon announce which minerals are to be designated "strategic" and subject to a 10 percent royalty rate, the mines minister said.Congo's updated mining code, signed by President Joseph Kabila in March and applied since regulations were finalized in June, introduced new taxes and hiked royalties on all metals - including raising coppe...Read More
The Lower Chamber of Chile's Parliament has begun studying a project that would set a 3% mining royalty for all companies operating in the country, which is the world's top copper producer and the one with the largest known reserves of lithium.The proposed tax, to be applied on the nominal value of extracted metals, would affect copper miners that produce more than 12,000 tonnes of the metal annua...Read More
DENVER-(BUSINESS WIRE)- Royal Gold, Inc. (NASDAQ: RGLD) ("Royal Gold" or the "Company") announces that wholly-owned subsidiaries of the Company and Altius Minerals Corporation ("Altius") entered into an agreement with Vale Canada Limited and certain of its subsidiaries (collectively, the "Parties") to comprehensively settle their long-standing litigation related to calculation of the royalty on...Read More
Canada's Centerra Gold (TSX:CG) won't have to cut output at its central British Columbia-based Mount Milligan copper-gold mine, as it has been granted earlier than anticipated approval to use certain short-term water sources, the company said Friday.Operations at the mine, which relies on the snowmelt runoff from the surrounding mountains to fill its tailing pond and so use that water to process...Read More
* Oil market tightens but trade disputes could dent demand -IEA* U.S. industry starts to feel pain of trade tariffs -survey* U.S. crude stocks, output drop: https://tmsnrt.rs/2wc5wpr* U.S. surpasses Russia, Saudi Arabia as top crude producer -EIA (Updates prices with settle; adds news of Secretary Perry's Moscow visit)By Ayenat MersieNEW YORK, Sept 13 (Reuters) - Oil prices fell more than 2 percen...Read More
LONDON, Sept 13 (Reuters) - Nigerian differentials were broadly unchanged on Thursday, after a series of offers from Shell (LON:RDSa) for October-loading cargoes drew no buyers, and even BP (LON:BP), which has been an active bidder this week, showed it was less willing to pay higher prices.NIGERIA* Shell was said to be offering at least 10 cargoes with a variety of Nigerian grades, including the...Read More
(Updates prices, adds analyst comment)By Renita D. YoungNEW YORK, Sept 13 (Reuters) - Gold prices slid on Thursday as investors purchased riskier assets instead of seeking a safe haven in gold, amid hopes for a new round of U.S.-China trade talks.Spot gold XAU= declined 0.3 percent to $1,202.30 per ounce by 1:34 p.m. EDT (1734 GMT), after earlier hitting its highest level since Aug. 28 at $1,212.4...Read More
* FTSE 100 down 0.4 pct* BoE keeps rates on hold* Morrisons drops despite strong update* RBS gains on special div prospect (Adds details, closing prices)By Danilo MasoniMILAN, Sept 13 (Reuters) - The UK's top share index was weighed down on Thursday by a stronger pound, while retailers fell as a strong update from supermarket group Morrisons MRW.L failed to dispel competition worries.The FTSE 100...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1 pct* BoE seen keeping rates on hold* Morrisons drops despite strong update* RBS gains on special div prospectBy Danilo MasoniMILAN, Sept 13 (Reuters) - The UK's top share index edged lower on Thursday ahead of a Bank of England meeting at which interest rates are set to be kept on hold, while retailers were...Read More
Investing.com - Gold prices were steady on Thursday amid news of possible U.S.-China trade talks but were held down by a stronger U.S. dollar.Comex gold futures for December delivery rose 0.07% to $1,211.70 a troy ounce as of 5:08 AM ET (9:08 GMT).The U.S. is proposing fresh trade talks with China later this month in an effort to stave off new tariffs.U.S. President Donald Trump has threatened imp...Read More
CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V: CUU – OTC: CPFXF) is pleased to provide its shareholders an update on activities on its various projects. Highlights:The desktop studies on the Schaft Creek project are progressing, focusing in part on describing a phased development approach that t...Read More
PolarX points to upsideSPONSOREDpolarx ltd The company plans to carry out geophysics at the tenements to extend the northernmost permit area, and then a maiden drilling programme to prove mineralisation within the known structure. This work will depend on financing.It completed £2.4 million (US$3.1 million) capital raising in early August. PolarX points to upsideSPONSOREDpolarx ltd Cradle...Read More
Glencore's Mutanda Mine in the Democratic Republic of Congo produced 23.9 kilotonnes of cobalt in 2017 making Mutanda the world's biggest producer of the blue metal that is also owned by a publicly-traded company.Ranking was compiled using data from Mining Intelligence. Annual cobalt production is gathered from publicly-traded mining companies, as well as some state-owned mines. Mining complexes...Read More
TORONTO, Sept 13 (Reuters) - Canada's Lundin Mining Corp is on the hunt for copper mines and projects and willing to spend up to $3 billion on mergers and acquisitions, its incoming chief executive officer said in an interview on Thursday.But Lundin will stick with its strategy of disciplined bids and a focus on low-risk jurisdictions, Marie Inkster said at the company's Toronto head office.The ba...Read More
LIMA, Sept 13 (Reuters) - The copper mine Collahuasi in Chile is expected to produce 545,000 tonnes of copper this year, 4 percent more than in 2017, its vice president of operations, Francisco Carvajal, told journalists on the sidelines of an event in Peru on Thursday.Collahuasi, owned by Anglo American Plc and Glencore Plc, is located in northern Chile and is among the world's largest copper min...Read More
LIMA, Sept 13 (Reuters) - South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million, the company's vice president for the Americas said late on Wednesday."We're doing studies with Peruvian consulting firms and international engineering companies to extend the life of Cerro Corona until 2040," Luis Rive...Read More
Japanese trading Mitsubishi and Sumitomo are said to be interested in becoming a partner of Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) at Canada's largest diversified miner's Quebrada Blanca copper mine in northern Chile.Teck, which last month received regulatory approval for a $4.8-billion extension of the mine, has been looking for a development partner that could invest $2billion for up...Read More
By Swati BhatMUMBAI, Sept 12 (Reuters) - The Indian rupee staged a sharp recovery on Wednesday, following talk of possible fiscal and monetary steps to stabilise the currency and comments from a government official that the slide was overdone.Despite strong GDP growth, the rupee has weakened more than 11 percent to become Asia's worst performing currency this year, hit by higher oil prices and an...Read More