NAIROBI, Oct 19 (Reuters) - Kenya plans to set up a gold refinery to help small scale miners in the west of the country, the Petroleum and Mining Ministry said on Friday, and the government is seeking consultants to advise on its construction.Kenya has proven deposits of titanium, gold and coal but its mining sector is a relatively small contributor to national output. However, revenues are expect...Read More
Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country's administration, has threatened to sue the government in international court as concerns about the safety of its staff mount.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), has been waiting for the Canadian gold giant to negotiate a settlement with President John Magufuli, after he s...Read More
(Updates prices, market activity)By Collin EatonHOUSTON, Oct 18 (Reuters) - Oil prices fell on Thursday as investors' concerns returned to the impact an escalating trade row between China and the United States will have on oil demand growth and data showing ample supplies.Global benchmark Brent crude has fallen almost $8 per barrel since reaching a four-year high of $86.74 on Oct. 3, weakened by l...Read More
* China sell-off drags Asia shares lower* 10-year U.S. yield dips after touching 1-week high* Oil falls further on U.S. data; Saudi news limits drop (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Oct 18 (Reuters) - Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a wi...Read More
* China drags Asia shares lower; Europe flat* Wall St drops after weak industrial earnings, hawkish Fed* 10-year U.S. yield climbs to 3.217 percent* Oil falls further on rising U.S. inventories (Updates prices, changes comment, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Oct 18 (Reuters) - The U.S. dollar index rose on Thursday alongside Treasury yields after Federal Reserve policymak...Read More
* China sell-off drags Asia shares lower* 10-year U.S. yield little changed after rise to 1-week high* Oil falls further on U.S. data; Saudi, Iran limit drop (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Oct 18 (Reuters) - Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns an...Read More
* FTSE 100 hands back earlier gains, ends down 0.3 pct* CRH (LON:CRH) tumbles after weak Heidelbergcement results* Unilever declines as volume miss overshadows sales growth* Healthcare boosted by Novartis results (Updates prices, adds details)By Josephine Mason and Helen ReidLONDON, Oct 18 (Reuters) - Britain's top share index eased on Thursday as disappointing earnings hurt construction m...Read More
Investing.com - Gold prices were flat on Thursday as investors paused to digest the latest meeting minutes from the Federal Reserve.Comex gold futures for December delivery inched up 0.06% to $1,228.10 a troy ounce as of 8:02 AM ET (12:02 GMT).The hawkish Fed minutes showed that while the central bank had some doubts about the economy, it still planned to gradually increase interest rates in Decem...Read More
Oct 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:** Hungarian holding companies Konzum KONU.BU and Opus Global OPUSG.BU announced a plan to merge, creating a combined entity with a market capitalisation of about 350 billion to 400 billion forints ($1.25 billion to $1.43 billion). German copper products maker Wieland-Werke has submitte...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metals One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards d...Read More
Canada's Solaris Copper, which spun out of Equinox Gold in June, received a shot in the arm on Thursday as Freeport McMoRan (NYSE: FCX) has agreed to a deal that would give the US miner up to 80% in the Vancouver company's early stage Ricardo property, in Chile.The option agreement, Solaris said, provides for a three-staged process by which Freeport can earn up a majority interest in the Chilean...Read More
An investor in Hudbay Minerals Inc. wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won't pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter.Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve...Read More
Activist group Ecologists in Action and other organizations visited the European Parliament in Brussels and demanded the closure of all active mines in Spain.Backed by left-wing MP Xabier Benito, the environmentalists organized a conference titled "Mining in Europe: the new extractive challenge." At the forum, they said that mining activities, which in their view have been experiencing a boom in S...Read More
LONDON, Oct 17 (Reuters) - British Prime Minister Theresa May and business minister Greg Clark met Ratan Tata, patriarch of the Indian Tata family, a few weeks ago as its car brand Jaguar Land Rover warns about the effect of Brexit and diesel policy, a government source said.The sprawling Tata conglomerate includes manufacturing, defence, aerospace, services and steel operations.Tata bought ailing...Read More
* U.S. crude stocks up 6.5 mln bbls in fourth weekly build -EIA* U.S. crude production dips to below 11 mln bpd* Trump gives Saudi benefit of doubt in journalist disappearance (Adds trade volumes, background)By David GaffenNEW YORK, Oct 17 (Reuters) - Oil prices fell on Wednesday, with U.S. futures settling below $70 a barrel for the first time in a month, after U.S. crude stockpiles rose 6.5 mill...Read More
* NSE index down 1.2 pct, BSE index ends 1.1 pct lower* Indiabulls Housing down 14.3 pct* Reliance Q2 results awaitedOct 17 (Reuters) - Indian shares ended more than one percent lower on Wednesday, dragged by financial stocks such as Indiabulls Housing Finance Ltd INBF.NS and Yes Bank Ltd YESB.NS amid liquidity concerns.The benchmark BSE index .BSESN closed 1.09 percent lower at 34,779.58 whil...Read More
(Adds company news items, futures)Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 27 points higher at 7,087 on Wednesday, according to financial bookmakers, with FTSE 100 futures .FFIc1 up 0.4 percent ahead of the cash market open.* ASOS: British online fashion retailer ASOS ASOS.L narrowly beat forecasts with a 28 percent rise in 2017-18 profit, maintained guidance for its ne...Read More
Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 27 points higher at 7,087 on Wednesday, according to financial bookmakers.* BHP: The world's biggest miner, BHP BLT.L BHP.AX , said on Wednesday its first-quarter iron ore production rose 8 percent on strong Chinese demand for high-grade ore, but cut its fiscal 2019 guidance for copper production, citing outages at key mines. ANG...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsDespite being a banker and one-time analyst, I have to confess cash management was never my strong suit.&...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsAll three companies have proposed treating beneficiated kaolin - a form of aluminous clay - with hydrochl...Read More