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Talon Metals (TSX: TLO; US-OTC: TLOFF) has announced a preliminary economic assessment for the Tamarack zone at its Tamarack North nickel-copper-cobalt project in Minnesota.The study assigns the project a $210 million after tax net present value at a 7% discount rate and a 38.8% after-tax internal rate of return with payback in 2.1 years.The project would require $174.31 million in initial capital...Read More
With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in th...Read More
* Saudi Arabia says sees need for 1 mln bpd cut in output* Trump hopes OPEC won't cut output, says prices should be lower* OPEC producers mull supply reductions for 2019* OPEC reacts to 20 pct price fall since early October* U.S. oil output, storage & drilling: https://tmsnrt.rs/2DhQOCB (Updates with settlement prices, recasts first paragraph, adds post-settlement trading)By Jessica Resnick-Au...Read More
MUMBAI, Nov 12 (Reuters) - India's core consumer inflation was at around 6.1 percent in October, compared with around 5.8 percent in September, three analysts estimated from the inflation numbers released on Monday.India's retail inflation rate eased to 3.31 percent in October from a year earlier, government data showed, helped by a fall in food prices.Analysts polled by Reuters had forecast Octob...Read More
* July-Sept quarter loss at $178 mln versus profit year ago* Quarterly fuel expenses jump 58.6 pct* Company had negative net worth on Sept 30* To focus on profitability rather than market share (Updates with details from airline, CEO comment)By Arnab Paul and Aditi ShahBENGALURU/NEW DELHI, Nov 12 (Reuters) - Debt-laden Indian carrier Jet Airways Ltd JET.NS will cut flights on less profitable route...Read More
Nov 12 (Reuters) -For other diaries, please see:Political and General NewsPOL/DIARYTop Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ------------------------------------------------...Read More
(The following statement was released by the rating agency) Fitch Ratings-Singapore-November 12: Fitch Ratings has assigned a final rating of 'BBB-' to PT Indonesia Asahan Aluminium (Persero)'s (Inalum, BBB-/Stable) USD1.0 billion 5.23% notes due 2021, USD1.25 billion 5.71% notes due 2023, USD1.0 billion 6.53% notes due 2028 and USD750 million 6.757% notes due 2048. The final rating on the senior...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesMarantelli, who came onto the Metals X board in September, has more than 40 years' experience in the mining sector, including the past 18 years running openpit and underground mines in Australia, Turkey, Spain, Zambia, Canada and Mexico.His job will be to get the Nifty underground mine to a run-rate of circa-40,000 tonnes per annum of co...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalNew Energy brings experience to new dawnSPONSOREDnew energy mineralsBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesThe company said the mining licence was signed by Romania's prime minister Viori...Read More
That's the scenario outlined by ASX-listed ioneer, formerly Global Geoscience, in the much-anticipated prefeasibility study for its Rhyolite Ridge lithium-boron project in Nevada, released late last month.Potentially more impressive to a market still trying to recover its risk appetite is that the economics remain robust at levels well below those at which lithium currently trades.ioneer has ridde...Read More
Euro Sun Mining (TSX: ESM) has become the first non-state-owned entity to receive a ratified mining licensce for its Rovina Valley copper-gold project in Romania, signaling that the East European nation is open for business, the company says.The mining company will now embark on an Environmental and Social Impact Assessment (ESIA), and continue its work on a feasibility study on the project, whic...Read More
Investing.com - Oil traders are likely to stay fixated on rising global crude supplies in the week ahead, after prices suffered their fifth straight weekly loss and plunged into bear market territory.Global oil prices are down by around 20% since early October, buffeted by signs of growing output from key producers, mainly the U.S., Saudi Arabia and Russia, and indications of a global economic slo...Read More
Investing.com - This week precious metals traders will be focusing on U.S. inflation data after the Federal Reserve indicated that it is on track to hike interest rates again in December and early next year.Wednesday’s inflation data is expected to show that U.S. consumer prices rose in October. Investors will get another update on the health of consumers from Thursday’s retail sales n...Read More
* Falling oil prices stock growth worries* Industrial, material shares suffer on China growth worries* U.S. producer prices rise more than expected in October* Tobacco shares fall on e-cigarette restriction worries* Indexes down: Dow 0.77 pct, S&P 500 0.92 pct, Nasdaq 1.65 pct (Updates to close, adds commentary)By Sinéad CarewNEW YORK, Nov 9 (Reuters) - Wall Street's three major stock i...Read More
Nov 12 (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
Perhaps even more ironic, much of the BHP train wreck on the line to Port Hedland in Western Australia, including wagons and pieces of the locomotives, could end up in a Chinese scrap-metal yard and become part of a growing scrap problem for iron ore miners. One recent estimate is that 70-80 million tonnes of iron ore could soon be displaced by the rising tide of scrap in China, which is used...Read More
Resolution Copper, a joint venture between giants Rio Tinto and BHP Billiton, demolished a 94-year-old copper smelter stack that belonged to the Magma Mine, now the Resolution Copper Mine near the Arizonian town of Superior, some 60 miles east of downtown Phoenix.According to the company, the chimney stack was structurally unsound and posed a significant threat to safety. "In addition to proactive...Read More
* Sirisena calls election for Jan. 5* Political crisis deepens after dissolution of parliament* Western nations concerned about instability* President sides with pro-China strongman (Updates with comment from the EU)By Shihar Aneez and Ranga SirilalCOLOMBO, Nov 10 (Reuters) - Sri Lanka President Maithripala Sirisena's decision to dissolve parliament, worsening an already major political crisis, ha...Read More
By Benet KolekaNov 10 (Reuters) - Albania's government picked a group led by India Power DPSC.NS Corporation Ltd. to build the Adriatic country's first solar power station worth 70 million euros ($79.34 million) with a capacity of 100 MW, the Energy Ministry said on Saturday.The offer by India Power, Mining Resources FZE based in the United Arab Emirates and the Hong Kong-based Midami Ltd. was the...Read More