Hudbay to take part of Doubleview's HatM&ASolGold set to shineSPONSOREDsolgoldSpeaking at an industry dinner in Santiago, Sebastian Piñera highlighted projects such as Teck's expansion of its Quebrada Blanca mine, which received environmental approval earlier this ...Read More
(Corrects combined entity's revenue share in fourth paragraph to 32.2 percent from 40 percent)Aug 31 (Reuters) - Idea Cellular Ltd IDEA.NS and Vodafone Plc VOD.L completed the merger of their India operations on Friday, creating the country's largest telecom operator by subscribers and revenue after the entry of a new player sparked a bitter price war.The merged entity would be a formidable ri...Read More
NEW DELHI, Aug 31 (Reuters) - India reported on Friday a fiscal deficit INFISC=ECI of 5.4 trillion rupees ($76.12 billion) for April-July, or 86.5 percent of the budgeted target for the current fiscal year compared with 92.4 percent a year earlier.Net tax receipts in the first four months of 2018/19 fiscal year that ends in March 2019 were 2.93 trillion rupees, government data showed.India expects...Read More
* Trump ready to impose new tariffs on China* U.S. sanctions on Iran support prices* Total OPEC production rises in August -survey* U.S. monthly production hits new record in June - EIA* Speculators raise bullish oil bets - CFTC (Updates prices, adds CFTC data)By Ayenat MersieNEW YORK, Aug 31 (Reuters) - Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent...Read More
* FTSE 100 down 1.1 pct, posts biggest monthly loss since 2015* Trade war worries, sterling strength weigh* Whitbread soars after $5.1 bln Costa deal (Adds detail and quote, updates prices at close)By Kit ReesLONDON, Aug 31 (Reuters) - Britain's top share index fell on Friday and ended the month with its biggest loss in three years as a stronger pound and broader worries over an escalation in a...Read More
Investing.com - Gold prices rose on Friday as Canada and the U.S. rushed to finish trade negotiations before the end of the day.Comex gold futures for December delivery rose 0.43% to $1,210.20 a troy ounce as of 11:02 AM ET (15:02 GMT). Trade is expected to be light ahead of the Labor Day weekend, with markets closed on Monday.The price of gold was driven higher as trade tensions pushed investor s...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.3 pct, set to end August with 3.3 pct loss* Trade war worries, sterling strength weigh* Whitbread soars after $5.1 bln Costa dealBy Kit ReesLONDON, Aug 31 (Reuters) - Britain's top share index fell on Friday and was set to end the month with a loss as a stronger pound and broader worries over an escalation...Read More
MEXICO CITY, Aug 31 (Reuters) - Miner Grupo Mexico could reopen the country's largest underground mine in the first quarter of 2019, after it closed more than a decade ago due to a workers strike, a senior government official said in an interview.The company began to refurbish the San Martin mine, which has copper, silver, lead and zinc, a week ago, said Carlos Barcena, the economy minister in the...Read More
Aug 31 (Reuters) - Chile's state copper commission Cochilco expects the country's mining industry to attract a total investment of $65.75 billion spread over 44 operations over the next 10 years, it said in a statement on Friday.Among the investments, it referenced two new lithium mining projects, three copper and one gold, totalling $5.9 billion, by companies including by SQM , Gold Fields and An...Read More
Aug 31 (Reuters) - Copper production at Codelco, Chile's state-owned copper mining company, rose 2 percent in the first half of 2018 to 813,000 tonnes, Chief Executive Nelson Pizarro said on Friday.The world ?s top copper miner benefited from rising prices, posting a pretax profit of $1.235 billion in the same period, up 25 percent year-on-year, with a production cost per pound of copper of $1.38,...Read More
Serbia has picked a Zijin Mining, China's largest gold miner and one of the country's top copper producers, to take over its debt-hit copper mining and smelting complex RTB Bor, Minister of Mines and Energy Aleksandar Antic said on Friday.The $1.26 billion-deal, which gives Zijin a 63% stake in the asset, marks the latest expansion of Beijing's economic footprint in the Balkan region.China view...Read More
* U.S. crude output, storage, drilling: https://tmsnrt.rs/2wc5wpr* Global oil markets to tighten toward end of 2018 - IEA* Cushing crude stocks rise 107,433 bbls since Friday -Genscape (Updates with settlement prices)By Jessica Resnick-AultNEW YORK, Aug 30 (Reuters) - Oil prices rose on Thursday to the highest in more than a month, extending gains on growing evidence of disruptions to crude supply...Read More
(Adds details on Indian rupee, China's yuan, analyst comments)By Patturaja MurugaboopathyAug 30 (Reuters) - Most emerging-Asia currencies weakened on Thursday as caution mounted ahead of an upcoming deadline in the China-U.S. trade dispute, while overnight declines in the Turkish lira TRY= dulled risk appetite.The dollar index .DXY against a basket of six major currencies hovered near a four-week...Read More
* NSE index dips 0.18 pct, BSE index down 0.1 pct* Financials drag Nifty index* Futures and options contracts set to expireBy Abinaya VijayaraghavanAug 30 (Reuters) - Indian shares fell marginally on Thursday on profit-booking in financials ahead of the expiry of futures and options contracts later in the day.Gains in consumer and materials stocks were offset by losses in financials, and Asian sto...Read More
PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftBlack Rock polishes MahengeSPONSOREDblack rock miningSigns point to world-class Galena mineSPONSOREDgalena miningThere is no doubt each individual company has put in place what it sees as the best protections against such events. These measures wil...Read More
PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftSigns point to world-class Galena mineSPONSOREDgalena miningBlack Rock polishes MahengeSPONSOREDblack rock miningBut if it is so simple, why do we see mineral sands projects disappointing the market? The reality is, mineral sands mining...Read More
The major silver miners' stocks have been thrashed, pummeled to brutal multi-year lows. They suffered serious collateral damage as silver plunged on gold's breakdown, driven by crazy-extreme all-time-record silver-futures short selling. All this technical carnage left investors reeling, devastating sentiment. The silver miners' recently-reported Q2'18 results reveal whether their anomalous plunge...Read More
Shares in Nevada Copper Corp (TSX:NCU) jumped on Thursday after the company's board gave the go-ahead for the construction of its Pumpkin Hollow underground mine.In more than three times the usual trading volumes, Nevada Copper popped 12% higher at the open, before paring some of those gains, for a market value of C$304m.Nevada Copper said in a statement that the decision follows the company's rec...Read More
Canadian commodity firm Cobalt 27 in its earnings filing reported theft of 76 tonnes of cobalt from a warehouse in Rotterdam in early July.A total of 112 tonnes of cobalt, mainly used in lithium ion batteries, was taken from warehouses owned by the Vollers Group in the Dutch city, Bloomberg reported at the time.Cobalt 27's stocks - which were fully insured at market prices according to the Toronto...Read More
DAKAR, Aug 30 (Reuters) - Copper output in Democratic Republic of Congo rose 7.9 percent year-on-year in the first half of 2018 to 597,249 tonnes and cobalt production jumped 37.6 percent to 52,491 tonnes, the central bank said on Thursday.Congo is Africa's top copper producer and the world's leading miner of cobalt, which is a key component in electric vehicles and other electronic products.Gold...Read More