Shares in KAZ Minerals plunged on Thursday after the Kazakh miner said it has completed a $900 million cash and shares deal to buy the Baimskaya project in the Chukotka region of Russia from a group of investors including Chelsea soccer club owner Roman Abramovich.KAZ stock dropped 33% on New York over the counter markets affording the company a $3.3 billion valuation. KAZ calls Baimskaya "one of...Read More
Scientists from the Deep Carbon Observatory in the U.S. published a study this week where they report the first application to mineralogy of network theory, commonly used in the analysis of the spread of disease, terrorist cell connections, or Facebook connections.The study appeared in American Mineralogist and it shows how the application of big data analysis to mineralogy can help predict minera...Read More
Investing.com - Gold futures were lower during the U.S. session on Wednesday.On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at USD1215.30 a troy ounce at time of writing falling 0.69%.Earlier, it traded at a session low USD1215.00 a troy ounce. Gold was likely to find support at USD1213.00 and resistance at USD1228.10.US Dollar Index Futures, whi...Read More
* FTSE 100 down 1.2 pct* Rio Tinto tumbles on profit miss* Next , Capita down after results; Lloyds up (Adds closing prices)By Helen ReidLONDON, Aug 1 (Reuters) - Britain's top stock index fell on Wednesday as mining and materials shares sold off on a slide in metals prices after the Trump administration threatened further tariffs on China.Earnings drove the lion's share of moves across the UK...Read More
* STOXX down 0.5 percent at close* Trade worries weigh on autos* Air France surprises markets* Apple beat fails to boost tech (Adds detail and quote, updates prices at close)By Julien Ponthus and Kit ReesLONDON, Aug 1 (Reuters) - European shares retreated slightly on Wednesday as a mixed batch of corporate earnings failed to offset concerns about the U.S.-China trade conflict and subdued euro zone...Read More
Investing.com - Gold prices were down on Wednesday as traders wait for a policy decision from the Federal Reserve.Comex gold futures for August delivery fell 0.44% to $1,218.30 a troy ounce as of 10:30 AM ET (14:30 GMT). Gold has fallen in recent months as a stronger dollar and rising interest weights weighed on the metal.The Fed Is not expected to raise interest rates later in the day, but a deci...Read More
Investing.com - Gold futures were lower during the European session on Wednesday.On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at USD1222.20 a troy ounce at time of writing falling 0.12%.Earlier, it traded at a session low USD1219.30 a troy ounce. Gold was likely to find support at USD1213.50 and resistance at USD1227.80.US Dollar Index Futures,...Read More
* STOXX down 0.2 percent* Air France surprises markets* Apple beat fails to boost tech (Adds shares, updates prices)By Julien PonthusLONDON, Aug 1 (Reuters) - European shares retreated slightly on Wednesday as a mixed batch of corporate earnings failed to offset concerns about the U.S.-China trade conflict and subdued euro zone manufacturing growth.Caution was also palpable ahead of the Federal Re...Read More
Aug 1 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of July 31, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- A. A. Enterprises - BangaloreLOCCRISIL A414Assigned A. A. Enterprises - BangaloreBGCRISIL A426Assigned Aditya Co...Read More
The following interview of Brett Heath, CEO of Metalla Royalty & Streaming (TSX-V: MTA) / (OTCQB: MTAFF) was conducted by phone and email over a one week period ended July 18th. Metalla is a small-cap precious metals royalty / streaming company. The investment thesis (in my opinion) is that someday it will be acquired by a larger player in the sector. In the meantime, it trades a...Read More
Arizona deal a sign of relaxed capital discipline?M&ASolGold set to shineSPONSOREDsolgold RESOURCEStocks: The recent maiden Zackly copper-gold-silver resource has taken the global Alaska Range resource to 127,000 tonnes of copper, 213,000 ounces of gold and 1.5Moz of silver, at a 0.5% copper cut-off grade. Why do you describe Zackly as the "tip of the iceberg"?Frazer Tabeart: Zackly is a typi...Read More
Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliAustralia contributes a larger proportion of worldwide heavy mineral sands reserves than it does iron ore or gold reserves, acc...Read More
The Kazakh copper producer will spend US$900 million on the Baimskaya copper and gold project in Russia's far east.The project is a decade away from production but would double KAZ's co...Read More
Saturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsRESOURCEStocks: Three years ago graphite was one of the hot new age minerals that was going to change the world. While there has been a lot of effort put into the sector since 2015, to date success seems to be hard to come by. What is Black Rock doing to change the rate of success? John de Vri...Read More
Copper's fightback came to a screeching halt on Wednesday trading down 3.7% on news the Trump administration plans to propose a 25% tariff on $200 billion of imported Chinese goods intensifying an already acrimonious trade dispute with Beijing.Copper touched $2.7260 or $6,010 a tonne on the Comex market in New York in massive volumes with contracts totalling 1.4m tonnes worth $8.3 billion changing...Read More
BRUSSELS, Aug 1 (Reuters) - EU antitrust regulators on Wednesday voiced concerns about German copper group Wieland's bid for copper smelter Aurubis' flat-rolled products business, saying the deal may hurt competition.The European Commission opened an in-depth investigation to examine the impact of the deal on the companies' customers and consumers. It will decide by Dec. 10 whether to clear the ta...Read More
SANTIAGO, Aug 2 (Reuters) - Workers at BHP Billiton Ltd's Escondida mine in Chile, the world's biggest copper mine, have voted to reject a company wage offer and go on strike, according to a communique sent to Reuters on Thursday. A looming strike at Escondida comes a little more than a year after a 44-day walk-off at the mine jolted global copper markets.A total of 2,330 members voted on strike a...Read More
Shares in Rio Tinto (ASX, LON, NYSE:RIO) fell about 3% in both London and New York on Wednesday despite the world's No.2 mining company announcing it would return more than $7 billion through dividends and share buybacks.In London, Rio was down 3.21% to 4,062p by 2:00 p.m local time, while shares traded in New York dropped 3.5% in premarket, after the company said first-half profit grew 12% to $...Read More
Investing.com - Gold prices were down on Tuesday, but remained on track for a fourth-straight month of losses.Comex gold futures for August delivery fell 0.11% to $1,219.90 a troy ounce as of 10:26 AM ET (14:26 GMT). Gold has fallen in recent months as a stronger dollar and rising interest rates weighed on the metal.The Federal Reserve makes a policy decision Wednesday afternoon, but no rate hike...Read More
* Q1 net profit came in at 15.33 billion rupees* Analysts expected net profit of 21.56 billion rupees* Copper unit revenue dives 47.4 pct (Adds details, background, and share movement)July 31 (Reuters) - Vedanta Ltd VDAN.NS on Tuesday reported a 2 percent rise in first-quarter profit, but missed analysts' estimates, as closure of its copper smelter in South India offset higher volumes at its alumi...Read More