* Prices slump more than 30 pct since the beginning of October* U.S. crude inventories up 14 pct in last 10 weeks* OPEC and allies meet next week to discuss supply cuts* Saudi Arabia says it will not cut oil output alone (Updates to settlement, adds quotes)By David GaffenNEW YORK, Nov 28 (Reuters) - Oil prices fell about 2.5 percent on Wednesday after U.S. crude inventories rose for the 10th strai...Read More
Nov 28 (Reuters) - U.S. stocks rose higher on Wednesday after Federal Reserve Chairman Jerome Powell said that the gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track.At 12:01 a.m. EDT the Dow Jones Industrial Average .DJI was up 303.60 points, or 1.23 percent, at 25,052.33, the S&P 500 .SPX was up 23.41 points, or 0.87 percent, at 2,705.58 and the N...Read More
* NSE index end up 0.4 pct, BSE index 0.6 pct higher* Nifty IT index up 2.9 pct, Yes Bank top pct loserNov 28 (Reuters) - Indian shares closed higher for the third straight session on Wednesday, helped by IT stocks such as Tata Consultancy Services Ltd TCS.NS and Infosys Ltd INFY.NS , although investor sentiment was cautious ahead of the expiry of futures and options contracts later this wee...Read More
* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7 (Adds quotes, details of plant)By Mayank Bhardwaj and Sudarshan VaradhanNEW DELHI, Nov 28 (Reuters) - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently close Vedanta Ltd's VDAN.NS...Read More
(Repeats to additional subscribers without change to text)* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7By Mayank Bhardwaj and Sudarshan VaradhanNEW DELHI, Nov 28 (Reuters) - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently c...Read More
NEW DELHI, Nov 28 (Reuters) - An Indian court-appointed panel said a government order to close down resources company, Vedanta Ltd's VDAN.NS copper smelter after protests by environment activists turned violent was a case of administrative overreach, said lawyers involved in the case.The committee set up by the National Green Tribunal said the closure of the plant in southern Tamil Nadu (NS:TNNP)...Read More
CALGARY, Alberta, Nov.29, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC-Pink: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc., are pleased to provide additional analytical results for the recently completed mapping and sampling program on its 100% owned Mineral Mountain copper project located approximately 15 miles east of Florence...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSince, late 2015, the mining world has been enjoying the effects of rebounding commodity prices and, more s...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsLast week's ‘From the Capital' column characterised the combination of slowing global economic growth...Read More
Surge Exploration Inc. (TSXV: SUR) (OTC: SURJF) today announced that it has entered into a purchase and sale agreement with Venture Capital IQ to acquire a 100% interest in nine mineral claims comprising 197 square kilometres in the Omineca Mining Division in north central British Columbia.The company stated that the region is host to numerous operating mines, good infrastructure including experie...Read More
SANTIAGO - BHP's Spence copper mine was operating normally again following a union strike announced earlier on Wednesday, the company said.Union President Ronald Salcedo told Reuters early on Wednesday that about 50 workers had been laid off, in addition to eight supervisors, raising safety concerns for the mine's remaining workers and prompting the walk-off. BHP said the layoffs were the result...Read More
* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7NEW DELHI - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently close Vedanta Ltd's copper smelter and a government decision to shut it amounted to administrative overreach.Police fi...Read More
Despite an increased appetite in copper assets, the rate of new discoveries continues to be low, especially in Chile, the biggest producing country in the world and where the bulk of exploration is in the hands of major miners.But that is about to change, as the country's Mining Ministry is set to sign the first of many contracts next month that allows major companies to lease to juniors all or pa...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More
M2 Cobalt (TSXV: MC) has announced it is moving forward with the development of its Bujagali mine is south-central Uganda.In a media statement, the Vancouver-based junior said it commenced drilling at its Bombo and Bombo NW targets. The campaign is expected to comprise at least 1,000 metres of diamond core drilling and is designed to test a number of targets across a broad area in what is now beli...Read More
The Spence copper mine was operating normally again following the union strike announced on Wednesday, the company said.On Monday, unionized workers at BHP's Spence copper mine in Chile downed tools over layoffs, halting operations at the mine until today.The move followed the dismissal of 49 workers and eight supervisors, union president Ronald Salcedo told local radio B?-o B?-o, which made the r...Read More
* Saudi Arabia expected to push for OPEC supply cut* Sino-U.S. trade war to dominate G20 gathering* U.S. crude oil stocks rose 3.5 mln bbls last week -API (Adds API data)By Stephanie KellyNEW YORK, Nov 27 (Reuters) - Oil prices dipped on Tuesday, weighed down by uncertainty over the U.S.-China trade war and signs of increased global crude production, but losses were limited by expectations that cr...Read More
* NSE index up 0.54 pct, BSE 0.45 pct higher* F&O expiry on ThursdayNov 27 (Reuters) - Indian shares ended higher for a second consecutive session on Tuesday, mirroring the previous session's move of a surge in the last two hours, ahead of the expiry of futures and options contracts later this week.The benchmark BSE index .BSESN closed up 0.45 percent at 35,513.14.The broader NSE index .NSEI e...Read More
(New throughout, updates prices, market activity and comments)* Dollar rises to nearly two-week high* Silver, platinum fall to lowest in nearly two weeks* GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXlBy Swati VermaNov 27 (Reuters) - Gold fell on Tuesday to its lowest in more than a week, as the dollar rallied after comments from U.S. Federal Reserve Vice Chair Richard Clarida bolstered expe...Read More
* Dow, S&P end up with Nasdaq flat* United Tech decline weighs on Dow* Materials weak; defensives outperformNov 27 - Welcome to the home for real-time coverage of U.S. equity markets brought to you by Reuters stocks reporters and anchored today by Chuck Mikolajczak. Reach him on Messenger to share your thoughts on market moves: charles.mikolajczak.thomsonreuters.com@reuters.netDOW, S&P CLO...Read More