July 31 (Reuters) - Vedanta Ltd VDAN.NS , the Indian unit of diversified mining group Vedanta Resources Plc VED.L , missed analysts estimate for first-quarter profit, as closure of its copper smelter in South India offset higher volumes at its aluminium and oil & gas businesses.Net profit rose 2.1 percent to 15.33 billion rupees ($223.53 million) in the three months ended June 30 from 15.01...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftThere is a point, no doubt up in some rarefied air well above my current fiscal position, where money ceases to really ha...Read More
July 31 (Reuters) - The main union at Chile's Caserones mine has rejected operator Lumina Copper's final contract offer and workers have approved strike action, the union's president said on Tuesday.The strike was scheduled to begin on August 7 after a compulsory mediation period. Lumina is controlled by a partnership of JX Holding and Mitsui Mining and produces just over two per cent of Chile's t...Read More
Miner and commodities trader Glencore (LON:GLEN) reported Tuesday higher output from Katanga, its key copper and cobalt mine in the Democratic Republic of Congo.The Swiss company it produced 696,200 tonnes of copper in the first half of the year, against 642,900 in the previous year, and 16,700 tonnes of cobalt, the key battery material in electric vehicles, up from 12,700 tonnes in the first hal...Read More
Two recent deals by the world's two biggest mining companies both looked positive for shareholders, but also underscore the challenges facing major commodity producers.BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billi...Read More
* FTSE 100 flat at close* GVC shares jump after MGM Resorts deal* Vodafone rises after Elliott stake report* Commodities stocks decline (Recasts, adds detail, updates prices at close)By Kit ReesLONDON, July 30 (Reuters) - Britain's top share index steadied on Monday as a jump in Vodafone and GVC's shares outweighed a broader decline among commodities-related sectors.The blue-chip FTSE 100 .FTSE...Read More
Investing.com - Gold prices were flat on Monday as investors wait for a flurry of central bank policy decisions this week.Comex gold futures for August delivery rose 0.02% to $1,223.20 a troy ounce as of 11:07 AM ET (15:07 GMT).The Federal Open Market Committee (FOMC) meets on Tuesday and Wednesday, with a policy decision scheduled for Wednesday afternoon. Investors do not expect the Fed to increa...Read More
(Adds Wall Street futures, details, updates prices)* Investors await Japan, UK, U.S. central bank decisions* Apple results eyed as U.S. tech disappointments sour mood* Japan government bonds sold off ahead of policy meeting* Dow Jones futures gain on Caterpillar earningsBy Danilo MasoniMILAN, July 30 (Reuters) - World stocks and the dollar were broadly steady on Monday as a busy week of central ba...Read More
Jul 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of July 27, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------------ SHORT TERM RATINGS: ------------------- A & L Apparels Pvt LtdPre Shipment Credit ICRA A4+65Assigned A & L Apparels Pvt LtdPost Shipment Credi...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.3 pct* GVC shares jump after MGM Resorts deal* Miners, energy stocks decline* Updates from Ibstock, Hiscox in focusBy Kit ReesLONDON, July 30 (Reuters) - Britain's top share index declined on Monday as big miners and energy stocks fell, though investors welcomed GVC's U.S. betting deal with MGM Resorts.The...Read More
Glen McKay, Co-Founder Newfoundland Hard-Rok Inc.It takes hard work and perseverance to succeed in the mining industry. Glen McKay, the chairman of the board of directors and founder of leading explosives manufacturer, Newfoundland Hard-Rok Inc, has both these qualities, starting his career as a deckhand in the fishing industry in Newfoundland and Labrador before leading businesses in a range of...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.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...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.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...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.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...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.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...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.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...Read More
Fatality at Serabi mine: NMBCapital marketsOrla hits 147.7m at 1.25% copperResource definitionKing River's 'overnight' success story stretches back to 1970SPONSOREDking river copperPolarX points to upsideSPONSOREDpolarx ltd Speaking on a Mining Agenda podcast, the president and CEO of Sprott US Holdings said he was encouraged by the industry's current willingness and capacity to embra...Read More
PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliKing River's 'overnight' success story stretches back to 1970SPONSOREDking river copperMore important than the culture of Diggers & Dealers is the enthusiasm with...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.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...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.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...Read More