* FTSE up 0.6 pct at close, regains 7,000-point level* Shire soars on possible Takeda takeover bid* Defensives rise, miners and energy stocks fall (Recasts, adds detail and chart, updates prices at close)By Tom Pfeiffer and Kit ReesLONDON, March 28 (Reuters) - A move into defensive stocks helped Britain's FTSE climb to a one-week high on Wednesday, shaking off broader concerns over the U.S. tech...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE index down 1 pct* Fifth daily drop in six sessions* Mining, energy stocks fall* Shire soars on Takeda possible takeover bid* Unilever , Capita move higherBy Tom PfeifferLONDON, March 28 (Reuters) - Britain's FTSE index resumed its downward march on Wednesday as negative newsflow around the U.S. tech giants and linge...Read More
Investing.com - Gold prices slipped on Wednesday as the dollar pushed higher amid renewed concerns over the prospect of a trade war between the U.S. and China and after steep falls on Wall Street and in Asia led by a selloff in tech stocks.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange slid $1.7 or 0.13% to $1,340.30 a troy ounce by 05:13 AM ET (09:13 GMT...Read More
New float hopeful Metals 479, which takes its name from a portmanteau of the atomic numbers of silver (47) and gold (79), was established last year with Spott, supported by Australian fund managers and high net worth individuals.Read More
(Bloomberg) -- Rio Tinto (LON:RIO) Group completed its exit from coal with a bang, agreeing to sell more than $4 billion of Australian mines in just a week.The world’s second-biggest miner on Tuesday agreed to sell its last coal mine, the Kestrel operation in Australia’s Queensland state, for $2.25 billion to private equity firm EMR Capital and Indonesia’s PT Adaro Energy. Th...Read More
SHANGHAI, Mar 29 (SMM) – Nonferrous metals futures rose across the board during the afternoon trading session on Thursday March 29 with SHFE nickel up close to 2% and copper up nearly 1%.Ferrous metals, meanwhile, all closed over 1% higher, except for coke, which was down just over 1%.Copper: The SHFE 1805 contract hit a high at 50,100 yuan/mt today as some investors added to their long bets...Read More
Management teams representing 30 projects picked from the Mining Journal Intelligence database - a list of quality undeveloped assets from more than 2,000 listed companies - will be presenting at the event in London on June 26-27, and they will be looking for investors to back them. While Rule knows exactly what he is looking for in a undeveloped project - several of his current investm...Read More
One division will focus on Carajas Copper and the other on CentroGold, with both having a dedicated general manager and being supported by the technical services group, which has been reinforced to accommodate growing exploration and development commitments.Under Carajas Copper, Otávio Monteiro has been promoted to general manager after being general manager of the Antas mine. Mike Sousa wa...Read More
The shareholders voted in favour of all resolutions relating to the deal at a general meeting on Wednesday.DRD will now issue about 265 million shares to Sibanye-Stillwater in return for the assets, giving the latter a 38% holding in DRD.Sibanye-Stillwater also has a 24-month option to subscribe for enough shares to hold a 50.1% stake in DRD in exchange for cash.The approval was the milestone DRD...Read More
SHANGHAI, Mar 29 (SMM) – Copper prices are likely to be rangebound at a relatively high level in 2018 as supplies of copper concentrate tighten, Jiangxi Copper said in its earnings report on Thursday March 28.The growth in global copper concentrate output is set to slow down in the next two to three years as the last round of copper mine investment comes to an end. Consumption, meanwhile, wi...Read More
It aims to issue new shares at a price of £0.036 (US$0.051) per share, a discount of 12.2% to the closing mid-price of £0.041/share on March 28 and the same price as the Greenstone Resources subscription.Read More
SHANGHAI, Mar 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose to 90 given the inflow of month-end capital and as concerns of a trade war eased. Positive economic data from the US released overnight also buoyed the index.Base metals saw mixed trading as SHFE metals, except for copper and lead, fell. L...Read More
SHANGHAI, Mar 29 (SMM) –Copper: A stronger US dollar and falling oil prices are likely to keep copper prices under pressure. We expect LME copper to trade at $6,640-6,690/mt today and the SHFE 1805 contract at 49,400-49,900 yuan/mt. Spot discounts are expected at 200-140 yuan/mt.Aluminium: A total of 18,000 lots of short positions were added to SHFE aluminium at the start of the trading...Read More
The US$185 million acquisition will provide access to the mine, as well as associated properties and exploration rights of the multi-deposit complex. The latter includes the two main Nkran and Esaase deposits and nine known satellite deposits.Read More
The most important marker right now is the silver to gold ounce ratio.Read More
Hungarian-born Munk built Barrick up from modest investments in two small mines in Ontario and Quebec in 1983 to a company with operations spanning across the Americas to Saudi Arabia, Zambia, Papua New Guinea, and Australia.Born into a prosperous Jewish family in Budapest in 1927, Munk and his family fled the invading Nazis in 1944 and arrived in Toronto with a single suitcase in 1948, when Peter...Read More
St-Onge, who has a Queen's University MBA, spent the past nine years with Export Development Canada, most recently leading development of EDC's relationships with Canada's largest financial institutions."The future of mining is digital and Micromine's first class software solutions make it perfectly placed to embed itself as the new industry standard in North America," she said this week.St-Onge i...Read More
The company said this week that due to the disappointing performance of its mining business and the impact of legacy residential projects, it expected to post a full-year underlying net loss before tax of A$3-5 million.Read More
CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSXV:CUU) (OTC-Pink:CPFXF) is pleased to announce that its unaudited interim consolidated January 31, 2018 financial statements have been filed on SEDAR. All of the Company’s material subsidiaries are wholly owned, except for Carmax Mining Corp. (“Ca...Read More