Canada's Centerra Gold (TSX:CG) won't have to cut output at its central British Columbia-based Mount Milligan copper-gold mine, as it has been granted earlier than anticipated approval to use certain short-term water sources, the company said Friday.Operations at the mine, which relies on the snowmelt runoff from the surrounding mountains to fill its tailing pond and so use that water to process...Read More
* Oil market tightens but trade disputes could dent demand -IEA* U.S. industry starts to feel pain of trade tariffs -survey* U.S. crude stocks, output drop: https://tmsnrt.rs/2wc5wpr* U.S. surpasses Russia, Saudi Arabia as top crude producer -EIA (Updates prices with settle; adds news of Secretary Perry's Moscow visit)By Ayenat MersieNEW YORK, Sept 13 (Reuters) - Oil prices fell more than 2 percen...Read More
LONDON, Sept 13 (Reuters) - Nigerian differentials were broadly unchanged on Thursday, after a series of offers from Shell (LON:RDSa) for October-loading cargoes drew no buyers, and even BP (LON:BP), which has been an active bidder this week, showed it was less willing to pay higher prices.NIGERIA* Shell was said to be offering at least 10 cargoes with a variety of Nigerian grades, including the...Read More
(Updates prices, adds analyst comment)By Renita D. YoungNEW YORK, Sept 13 (Reuters) - Gold prices slid on Thursday as investors purchased riskier assets instead of seeking a safe haven in gold, amid hopes for a new round of U.S.-China trade talks.Spot gold XAU= declined 0.3 percent to $1,202.30 per ounce by 1:34 p.m. EDT (1734 GMT), after earlier hitting its highest level since Aug. 28 at $1,212.4...Read More
* FTSE 100 down 0.4 pct* BoE keeps rates on hold* Morrisons drops despite strong update* RBS gains on special div prospect (Adds details, closing prices)By Danilo MasoniMILAN, Sept 13 (Reuters) - The UK's top share index was weighed down on Thursday by a stronger pound, while retailers fell as a strong update from supermarket group Morrisons MRW.L failed to dispel competition worries.The FTSE 100...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1 pct* BoE seen keeping rates on hold* Morrisons drops despite strong update* RBS gains on special div prospectBy Danilo MasoniMILAN, Sept 13 (Reuters) - The UK's top share index edged lower on Thursday ahead of a Bank of England meeting at which interest rates are set to be kept on hold, while retailers were...Read More
Investing.com - Gold prices were steady on Thursday amid news of possible U.S.-China trade talks but were held down by a stronger U.S. dollar.Comex gold futures for December delivery rose 0.07% to $1,211.70 a troy ounce as of 5:08 AM ET (9:08 GMT).The U.S. is proposing fresh trade talks with China later this month in an effort to stave off new tariffs.U.S. President Donald Trump has threatened imp...Read More
CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V: CUU – OTC: CPFXF) is pleased to provide its shareholders an update on activities on its various projects. Highlights:The desktop studies on the Schaft Creek project are progressing, focusing in part on describing a phased development approach that t...Read More
PolarX points to upsideSPONSOREDpolarx ltd The company plans to carry out geophysics at the tenements to extend the northernmost permit area, and then a maiden drilling programme to prove mineralisation within the known structure. This work will depend on financing.It completed £2.4 million (US$3.1 million) capital raising in early August. PolarX points to upsideSPONSOREDpolarx ltd Cradle...Read More
Glencore's Mutanda Mine in the Democratic Republic of Congo produced 23.9 kilotonnes of cobalt in 2017 making Mutanda the world's biggest producer of the blue metal that is also owned by a publicly-traded company.Ranking was compiled using data from Mining Intelligence. Annual cobalt production is gathered from publicly-traded mining companies, as well as some state-owned mines. Mining complexes...Read More
TORONTO, Sept 13 (Reuters) - Canada's Lundin Mining Corp is on the hunt for copper mines and projects and willing to spend up to $3 billion on mergers and acquisitions, its incoming chief executive officer said in an interview on Thursday.But Lundin will stick with its strategy of disciplined bids and a focus on low-risk jurisdictions, Marie Inkster said at the company's Toronto head office.The ba...Read More
LIMA, Sept 13 (Reuters) - The copper mine Collahuasi in Chile is expected to produce 545,000 tonnes of copper this year, 4 percent more than in 2017, its vice president of operations, Francisco Carvajal, told journalists on the sidelines of an event in Peru on Thursday.Collahuasi, owned by Anglo American Plc and Glencore Plc, is located in northern Chile and is among the world's largest copper min...Read More
LIMA, Sept 13 (Reuters) - South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million, the company's vice president for the Americas said late on Wednesday."We're doing studies with Peruvian consulting firms and international engineering companies to extend the life of Cerro Corona until 2040," Luis Rive...Read More
Japanese trading Mitsubishi and Sumitomo are said to be interested in becoming a partner of Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) at Canada's largest diversified miner's Quebrada Blanca copper mine in northern Chile.Teck, which last month received regulatory approval for a $4.8-billion extension of the mine, has been looking for a development partner that could invest $2billion for up...Read More
By Swati BhatMUMBAI, Sept 12 (Reuters) - The Indian rupee staged a sharp recovery on Wednesday, following talk of possible fiscal and monetary steps to stabilise the currency and comments from a government official that the slide was overdone.Despite strong GDP growth, the rupee has weakened more than 11 percent to become Asia's worst performing currency this year, hit by higher oil prices and an...Read More
* India seeking extradition from UK on fraud charges* Lawyer: there is not enough evidence for extradition* Indian finance minister denies settling with Mallya (Adds date of decision, details)By Michael HoldenLONDON, Sept 12 (Reuters) - The ruling on whether Indian tycoon Vijay Mallya can be extradited from Britain to India to face fraud charges will be given on Dec. 10, a London judge said on Wed...Read More
NEW DELHI, Sept 12 (Reuters) -* Indian cabinet on Wednesday approved a policy to provide fiscal incentives for oil recovery from matured fields by implementing better techniques - Oil Minister* Indian cabinet approves raising local purchase prices of ethanol by up to 25 percent. Increased ethanol blending in petrol would help reduce import dependency and provide support to farm sector among others...Read More
Investing.com - Gold prices fell on Wednesday, as the U.S. dollar rallied and trade tensions lingered.Comex gold futures for December delivery fell 0.17% to $1,200.10 a troy ounce as of 4:54 AM ET (8:54 GMT).Investors are closely watching trade developments after U.S. President Donald Trump threatened on Friday to impose tariffs on almost all Chinese imports, or about $467 billion in goods.China i...Read More
Orla hits 147.7m at 1.25% copperResource definitionDe-risking progress propels Namdini SPONSOREDcardinal resourcesChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftA rising force in the 'Ring of Fire'SPONSOREDasiamet resourcesSimich expressed dissatisfaction about how the market was treating his company when he briefed analysts on...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedCanadian-based project developer Nevada Copper (TSX:NCU) is planning to start production at the nearby Pumpkin Hollow copper mine by the fourth quarter of 2019, and full-scale construction activity is currently ramping up.Located directly east from the fertile agronomic lands of Yerington, with a population of about 3,000 residents...Read More