A maiden resource estimate on Eldorado Gold's (TSX: ELD; NYSE: EGO) Bolcana copper-gold project in Romania, about six km from the company's Certej project, has delivered 6.5 million inferred ounces of gold.The inferred resource of 381 million tonnes grading 0.53 gram gold per tonne and 0.18% copper for 6.5 million ounces of contained gold and 686,000 tonnes of copper, was based on 98 diamond drill...Read More
Pilot study for a major vehicle manufacturerCollaboration with University of Liege that produces concentrates from recovered magnetsMontreal - Geomega Resources Inc. ("G?(C)oM?(C)gA" or the "Corporation") (TSX.V: GMA) is pleased to announce that Innord Inc. ("Innord"), a private subsidiary controlled by G?(C)oM?(C)gA, has entered into a collaboration agreement with University of Liege who is condu...Read More
MEXICO CITY - Former workers of Mexican miner Grupo Mexico plan to block access to the giant Buenavista copper mine on Dec. 1 to pressure the company and the country's incoming leftist government to give them back their collective labor contracts.The planned industrial action is part of a longstanding dispute after Grupo Mexico fired the mine's workforce and reopened it in 2010, following a federa...Read More
MELBOURNE - A hive of mine exploration activity is underway in a remote corner of Western Australia's Great Sandy Desert, led by Rio Tinto Ltd , which has boosted its holdings 10-fold in the little explored Paterson province in the past year.Rio's interest in the area - flagged by its application for nearly 30 exploration licenses - has sparked a stampede into adjacent lots by other explorers, who...Read More
CAIRO - Saudi Arabia aims to raise the kingdom's mining revenues to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.Studies indicate that the level of the likely geological reserves in the kingdom exc...Read More
Canada's Capstone Mining (TSX:CS) is considering selling a portion of its large scale 70%-ownedSanto Domingo copper-iron project in Chile, as part of a strategic process kicked off today after the release of a positive technical report.The Vancouver-based company said the project, is located 50 km southwest of Codelco's El Salvador copper mine, said the report reveals that Santo Domingo has an aft...Read More
Investing.com - Bitcoin was trading at $3,679.2 by 15:42 (10:12 GMT) on the Investing.com Index on Sunday, down 20.34% on the day. It was the largest one-day percentage loss since Wednesday, January 14, 2015.The move downwards pushed Bitcoin's market cap down to $63.9B, or 54.51% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.Bitcoin had traded in a r...Read More
Investing.com - This week precious metals traders will be focusing their attention on Thursday’s minutes of the Federal Reserve’s latest meeting, the dollars response to the Fed policy outlook and Friday’s looming U.S.-China trade talks.U.S. President Donald Trump is due to hold talks with his Chinese counterpart Xi Jinping on the sidelines of the upcoming G20 summit in Buenos Ai...Read More
Investing.com - This week investors will be focusing their attention on Friday’s planned meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the upcoming G20 summit.Market watchers are hoping that talks between the pair could lead to a ceasefire in the trade war between Washington and Beijing.Investors will also be awaiting the release of the minutes from th...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 mineralsProductivity - output per worker - matters to an economy because it is the principal driver of income per h...Read More
While not officially scheduled, the presidents are expected to have a one-to-one encounter during the G20 conference of the world's 20 biggest economies being held in Buenos Aires on Friday an...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesDR 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 uraniumRaw Materials Week is a series of events organised by the European Commission addressing the latest news on raw material...Read More
A study by the University of Alberta revealed that cobalt deposits in the Democratic Republic of Congo are 150 million years younger than previously thought.Using a new rhenium-osmium dating system to examine the 'blue gold' deposits in the African country, researchers Nicolas Saintilan and Robert Creaser demonstrated that cobalt and copper mineralization occurred during a period of mountain buil...Read More
Nov 24 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
MUMBAI, Nov 24 (Reuters) - India does not need money from the central bank in the next six months, the finance minister said in a TV interview telecast on Friday, rejecting opposition charges the government was seeking access to the bank's reserves to fund schemes ahead of the 2019 general election."I don't need money in the next six months," Finance Minister Arun Jaitley told Times Now...Read More
MUMBAI, Nov 24 (Reuters) - Auction house Sotheby's BID.N has sent its top India executive on a leave of absence pending a probe into anonymous allegations of sexual misconduct.Gaurav Bhatia, the managing director of Sotheby's India, has agreed to take leave of absence as a formal inquiry is underway into anonymous allegations on social media, Sotheby's said in a statement, just days ahead of its f...Read More
* For the week, Brent down 11.3 pct, WTI down 10.8 pct* China's Oct. gasoline exports lowest in 13 mths -customs* World oil supply expected to exceed demand in 2019* Oil price volatility spikes: https://tmsnrt.rs/2DBYUpH* Hedge funds cut net longs in Brent to lowest since 2015 (Updates with settlement prices, ICE (NYSE:ICE) commitment of traders data)By Jessica Resnick-AultBOSTON, Nov 23 (Reuters)...Read More
* Oil prices hit year low* Friday session ends at 1 p.m. ET (1800 GMT)* Rockwell Collins gains as UTX gets China's conditional nod* Indexes down: Dow 0.39 pct, S&P 0.41 pct, Nasdaq flat pct (Updates to open)By Medha SinghNov 23 (Reuters) - U.S. stocks fell on Friday as oil prices slipped to their lowest in more than a year, dragging down energy shares, while investors were nervous ahead of U.S...Read More
* Oil's plunge sends U.S. energy stocks tumbling* S&P 500 index confirms correction territory* Euro set for biggest weekly drop in a month on weak PMIs* European stocks rise as Italian markets rally* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates to close of U.S. markets, settlement of oil prices)By April JoynerNEW YORK, Nov 23 (Reuters) - Oil prices plunged on Friday on con...Read More
* Oil's plunge sends U.S. energy stocks tumbling* Euro set for biggest weekly drop in a month on weak PMIs* European stocks edge up as Italian markets rally* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates to U.S. market open, changes dateline; previous LONDON)By April JoynerNEW YORK, Nov 23 (Reuters) - Oil prices plunged on Friday on concerns about oversupply, sending world stoc...Read More