Freeport-McMoRan Inc. isn't looking to sell itself right now, says Chief Executive Officer Richard Adkerson."I certainly don't consider it to be something that we would look at in the near term given our share price," Adkerson told analysts Wednesday on Freeport's third-quarter earnings conference call. "We're going to be open to opportunities for our shareholders as they evolve in the future."Ear...Read More
Newcrest Mining Ltd, Australia's largest independent gold miner, said on Wednesday that gold production rose 5 percent in the first quarter from the year-ago period, led by a sharp increase at its flagship Cadia mine.Production rose to 548,351 ounces for the quarter ended Sept. 30 from 522,917 ounces a year ago. This was less than the UBS forecast of 619,000 ounces, and below the 634,950 ounces in...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper output for the first nine months of the year fell 4 percent, but it forecast an increase in production in 2019 as grades begin to improve at its operations.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, said year-to-date copper production declined to 505,500 tonnes, from 526,500 tonnes in...Read More
* Wall St tumbles as weak industrial forecasts add to sour mood* Saudis could pump 1-2 million bpd more than today - Falih* Rising U.S. oil output to offset Iran: https://tmsnrt.rs/2ECCJ4T* U.S. crude oil stocks rise 9.9 mln bbls -API (Adds API data, price reaction)By Devika Krishna KumarNEW YORK, Oct 23 (Reuters) - Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in g...Read More
* NSE index down 0.96 pct, BSE index ends 0.84 pct* Asian Paints closes over 5 pct downOct 23 (Reuters) - Indian shares ended lower on Tuesday, sinking further in the last hour of trade, as oil marketing companies dragged following a rating downgrade by brokerage Nomura, but macro concerns played on overall sentiment.The benchmark BSE index .BSESN closed down 0.84 percent at 33,847.23, its lowes...Read More
NEW DELHI, Oct 23 (Reuters) - India's top digital payments company Paytm said on Tuesday its consumer data was safe after police arrested three people, including the company's spokeswoman, over allegations they tried to blackmail its founder and extort nearly $3 million by threatening to leak personal data."This is a case of personal data theft of Vijay Shekhar Sharma, where three arrests were mad...Read More
(Adds company news items and futures.) Britain's FTSE 100 .FTSE index is seen opening 40 points lower on Tuesday, according to financial bookmakers, with FTSE 100 futures .FFIc1 down 1.01 percent ahead of the cash market open.* ST JAMES: British wealth manager St. James's Place SJP.L on Tuesday posted a 4.1 percent rise in quarterly funds under management, shrugging off market jitters to take in f...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe production guidance was narrowed to 705,000-725,000 tonnes from the previous 705-740,000t, while the net cash cost guidance was maintained at US$1.35 per pound as unit costs improved on high...Read More
Galan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesOne simple solution to optimize your underground operationSPONSOREDkomatsuWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock mineralsTime was, when people were prepared to listen. It wasn't that l...Read More
Shares in Caterpillar (NYSE: CAT), the world's no.1 heavy machinery maker, fell more than 7% in pre-market trading Tuesday, despite the company beating earnings estimates for the tenth time in a row.The stock lost as much as $9.76 by 8:48 a.m. EST, dropping to $118.95, after closing at $128.71 on Monday, the lowest so far this year. The drop followed the mining and construction equipment manufact...Read More
London-listed explorer Greatland Gold (LON:GGP) has detected copper, silver, gold and pathfinder elements at its Scallywag target of the company's Paterson project in Western Australia.The sampling results, said Greatland on Tuesday, reinforce the potential of both precious metals and copper mineralization at the site, located within its Havieron licence.Copper, silver and gold detected in the fi...Read More
* Beijing seeks ways to reduce its dependence on U.S. soybeans* India industry welcomes move but says process still lengthy* Rapeseed futures in India jump on the news(Adds detail, background)By Hallie Gu and Rajendra JadhavBEIJING/MUMBAI, Oct 22 (Reuters) - China has dropped a years-long ban on rapeseed meal imports from India as the government seeks to diversify sources of protein used in animal...Read More
* NSE index down 0.57 pct; BSE index 0.53 lower* Reliance Industries sinks 3.5 pctOct 22 (Reuters) - Indian shares fell for the third consecutive session on Monday, weighed down by index heavyweight Reliance Industries Ltd RELI.NS as macro concerns, including higher crude prices and liquidity crunch, hurt the trading sentiment.While the benchmark BSE index .BSESN closed down 0.53 percent at 34,1...Read More
* Saudi Arabia says to raise output to 11 million bpd* Sanctions against Iran oil exports to start Nov. 4 (Adds fresh comment, latest prices; changes byline, dateline, previous LONDON)By Scott DiSavinoNEW YORK, Oct 22 (Reuters) - Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia's pledge to raise crude production to a record high, two weeks before U.S. sanc...Read More
* FTSE 100 down 0.1 pct, mid-caps down 0.2 pct* NM Health jumps most in more than a year on earnings* Higher metals prices lift mining stocks* Lloyds lifted by report of big share buyback (Adds details, updates prices)LONDON, Oct 22 (Reuters) - Britain's blue-chip share index gave up earlier gains and slipped into negative territory on Monday in see-saw trade as lower oil prices pressured energy s...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.5 pct, mid-caps up 0.2 pct* NM Health jumps more than 7 pct on earnings* Higher metals prices lift mining stocksLONDON, Oct 22 (Reuters) - Britain's blue-chip share index was higher on Monday as a weaker U.S. dollar boosted commodities companies while positive results boosted NMC Health NMC.L .The FTSE 100 .FTS...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesIt raised the platinum production guidance to 2.45-2.5 million ounces from the previous 2.4-2.45Moz due to strong performances across the portfolio. It also tightened the palladium guidance from...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesThe Mengapur project on the Central Belt of the Malay Peninsula now hosts an indicated resource of 39.5 mi...Read More
Look beyond market approach to project valuations: van ZylLeadershipGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesOne simple solution to optimize your underground operationSPONSOREDkomatsu The notes have about US$439.2 million outstanding.Lundin also announced a revamped c...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources "Hudbay routinely engages with shareholders and carefully considers their input. To the company's knowledge, the shareholder has been invested in the company only a short time," a spokesman said in response to questions sent by Mining Journal.He was referring to dissident shareholder Waterton Global Resource Management, whose funds col...Read More