SANTIAGO, Aug 2 (Reuters) - Workers at BHP Billiton Ltd's Escondida mine in Chile, the world's biggest copper mine, have voted to reject a company wage offer and go on strike, according to a communique sent to Reuters on Thursday. A looming strike at Escondida comes a little more than a year after a 44-day walk-off at the mine jolted global copper markets.A total of 2,330 members voted on strike a...Read More
Shares in Rio Tinto (ASX, LON, NYSE:RIO) fell about 3% in both London and New York on Wednesday despite the world's No.2 mining company announcing it would return more than $7 billion through dividends and share buybacks.In London, Rio was down 3.21% to 4,062p by 2:00 p.m local time, while shares traded in New York dropped 3.5% in premarket, after the company said first-half profit grew 12% to $...Read More
Investing.com - Gold prices were down on Tuesday, but remained on track for a fourth-straight month of losses.Comex gold futures for August delivery fell 0.11% to $1,219.90 a troy ounce as of 10:26 AM ET (14:26 GMT). Gold has fallen in recent months as a stronger dollar and rising interest rates weighed on the metal.The Federal Reserve makes a policy decision Wednesday afternoon, but no rate hike...Read More
* Q1 net profit came in at 15.33 billion rupees* Analysts expected net profit of 21.56 billion rupees* Copper unit revenue dives 47.4 pct (Adds details, background, and share movement)July 31 (Reuters) - Vedanta Ltd VDAN.NS on Tuesday reported a 2 percent rise in first-quarter profit, but missed analysts' estimates, as closure of its copper smelter in South India offset higher volumes at its alumi...Read More
July 31 (Reuters) - Vedanta Ltd VDAN.NS , the Indian unit of diversified mining group Vedanta Resources Plc VED.L , missed analysts estimate for first-quarter profit, as closure of its copper smelter in South India offset higher volumes at its aluminium and oil & gas businesses.Net profit rose 2.1 percent to 15.33 billion rupees ($223.53 million) in the three months ended June 30 from 15.01...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftThere is a point, no doubt up in some rarefied air well above my current fiscal position, where money ceases to really ha...Read More
July 31 (Reuters) - The main union at Chile's Caserones mine has rejected operator Lumina Copper's final contract offer and workers have approved strike action, the union's president said on Tuesday.The strike was scheduled to begin on August 7 after a compulsory mediation period. Lumina is controlled by a partnership of JX Holding and Mitsui Mining and produces just over two per cent of Chile's t...Read More
Miner and commodities trader Glencore (LON:GLEN) reported Tuesday higher output from Katanga, its key copper and cobalt mine in the Democratic Republic of Congo.The Swiss company it produced 696,200 tonnes of copper in the first half of the year, against 642,900 in the previous year, and 16,700 tonnes of cobalt, the key battery material in electric vehicles, up from 12,700 tonnes in the first hal...Read More
Two recent deals by the world's two biggest mining companies both looked positive for shareholders, but also underscore the challenges facing major commodity producers.BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billi...Read More
* FTSE 100 flat at close* GVC shares jump after MGM Resorts deal* Vodafone rises after Elliott stake report* Commodities stocks decline (Recasts, adds detail, updates prices at close)By Kit ReesLONDON, July 30 (Reuters) - Britain's top share index steadied on Monday as a jump in Vodafone and GVC's shares outweighed a broader decline among commodities-related sectors.The blue-chip FTSE 100 .FTSE...Read More
Investing.com - Gold prices were flat on Monday as investors wait for a flurry of central bank policy decisions this week.Comex gold futures for August delivery rose 0.02% to $1,223.20 a troy ounce as of 11:07 AM ET (15:07 GMT).The Federal Open Market Committee (FOMC) meets on Tuesday and Wednesday, with a policy decision scheduled for Wednesday afternoon. Investors do not expect the Fed to increa...Read More
(Adds Wall Street futures, details, updates prices)* Investors await Japan, UK, U.S. central bank decisions* Apple results eyed as U.S. tech disappointments sour mood* Japan government bonds sold off ahead of policy meeting* Dow Jones futures gain on Caterpillar earningsBy Danilo MasoniMILAN, July 30 (Reuters) - World stocks and the dollar were broadly steady on Monday as a busy week of central ba...Read More
Jul 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of July 27, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------------ SHORT TERM RATINGS: ------------------- A & L Apparels Pvt LtdPre Shipment Credit ICRA A4+65Assigned A & L Apparels Pvt LtdPost Shipment Credi...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.3 pct* GVC shares jump after MGM Resorts deal* Miners, energy stocks decline* Updates from Ibstock, Hiscox in focusBy Kit ReesLONDON, July 30 (Reuters) - Britain's top share index declined on Monday as big miners and energy stocks fell, though investors welcomed GVC's U.S. betting deal with MGM Resorts.The...Read More
Glen McKay, Co-Founder Newfoundland Hard-Rok Inc.It takes hard work and perseverance to succeed in the mining industry. Glen McKay, the chairman of the board of directors and founder of leading explosives manufacturer, Newfoundland Hard-Rok Inc, has both these qualities, starting his career as a deckhand in the fishing industry in Newfoundland and Labrador before leading businesses in a range of...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...Read More