LUSAKA, May 17 (Reuters) - Zambia is close to reaching an agreement with mining companies over its plans to increase electricity prices, Finance Minister Felix Mutati said on Wednesday.The government last month proposed introducing a flat tariff of 9.30 U.S. cents/kilowatt hour (kWh) backdated to January for mining companies, instead of individually negotiated rates that have averaged 6 U.S. cents...Read More
Investing.com - Gold prices gained in European trade on Wednesday, touching the highest level in two weeks as traders kept an eye on fresh political developments in the U.S. after President Donald Trump allegedly asked the FBI to end a probe into his former security adviser.Comex gold futures rose around $7.00, or about 0.6%, to $1,243.61 a troy ounce by 3:00AM ET (07:00GMT). Meanwhile, spot gold...Read More
(Updates to U.S. market close, changes comment)* S&P 500, Nasdaq Composite touch record highs* Dollar hit by Trump's disclosure, economy concernBy Rodrigo CamposNEW YORK, May 16 (Reuters) - The U.S. dollar index touched its lowest level since early November on Tuesday, hurt by weaker-than-expected U.S. housing data and as political turmoil in Washington raised anew concerns about the outlook for p...Read More
(Updates prices to late U.S. afternoon trading; adds comments)* S&P 500, Nasdaq touch record high* Dollar hit by Trump's disclosure, economy concernBy Rodrigo CamposNEW YORK, May 16 (Reuters) - The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker-than-expected U.S. housing data and concerns after political turmoil once again hit Washington.A rally in the euro wa...Read More
Description This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved. For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making. Our analysts are based in the markets they analyse and work with...Read More
Vale's operations in Thompson, Manitoba.World number two nickel miner Vale (NYSE:VALE) announced in a letter to employees on Monday it's placing it Birchtree nickel mine in Canada's Manitoba province on care and maintenance at the beginning of October.The Thompson Citizen reports the suspension will result in about 150 employees at Birchtree being cut and up to 50 additional jobs in downstream pro...Read More
Around half of global copper demand is from the electronics industry and roughly one quarter finds application in building and construction. The remainder find its way into industrial machinery, consumer products and - important in terms of growth potential - the vehicle market, specifically electric vehicles.Vehicles with conventional internal combustion engines typically contain about 20 kilog...Read More
Shares in Turquoise Hill (TSE:TRQ) rose sharply on Tuesday after the company announced better than expected revenues amid declining production at its massive Oyu Tolgoi copper and gold mine in Mongolia.By the close in New York Turquoise Hill stock was changing hands at $2.81, up 6.2% on the day, bringing its year-to-date gains to more than 21%.The Vancouver-based company said in a statement cop...Read More
Net mining revenues in British Columbia came in at $7.3 billion in 2016 up from $6.3 billion in 2015 driven by an increase in gross mining revenue and a decrease in costs for smelting, refining charges, and freight costs, says PWC in its BC mining report it released today.Authors of the report say that the BC mining industry is cautiously optimistic as prices of key metal and resource commodities...Read More
Mining companies, including copper producers, will continue to shape their investment decisions and production plans based on government regulations, which are increasingly becoming very focused on sustainability and communities well-being, a study released Tuesday shows.According to the report, commissioned by the International Copper Association (ICA), the increasing demand for efficient build...Read More
BHP's chief executive Andrew Mackenzie had some "words of wisdom" for activist investor Elliott Management on Tuesday, as he addressed a mining-savvy audience at a Bank of Merrill Lynch conference being held in Barcelona, Spain.The head of the Melbourne-based firm, which only yesterday announced a $10 million rebranding campaign that will see it become simply "BHP," assured investors he could li...Read More
(Updates with U.S. markets, changes dateline from previous LONDON)* Oil flat as traders await data* S&P 500, Nasdaq touch record high before retreating* Dollar hit by Trump's disclosure, economy concernBy Rodrigo CamposNEW YORK, May 16 (Reuters) - The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker than expected U.S. housing data and concerns after political tu...Read More
Investing.com - Gold prices inched higher in European trade on Tuesday, trying for its fifth-straight winning session as signs of slowing economic activity in the U.S. saw investors temper expectations for more rate hikes by the Federal Reserve.Comex gold futures rose around $5.00, or about 0.4%, to $1,235.10 a troy ounce by 2:50AM ET (06:50GMT). Meanwhile, spot gold was at $1,235.30.The yellow me...Read More
(Updates prices, changes comment)* Worries over cyber attack result in stock buying* Commodity-linked currencies rise* S&P 500 hits record highBy Rodrigo CamposNEW YORK, May 15 (Reuters) - Commodity-linked stocks and currencies got a lift on Monday from rising crude oil prices after major producers Saudi Arabia and Russia said they would extend oil supply cuts into 2018.Cyber-security shares also...Read More
Palisade Research May 16, 2017 Category: Research Mexican Gold (CVE:MEX, FRA:4QW1) is currently preparing its maiden resource and our internal estimate pegs it to be between 750,000 and 1.0 million ounces of gold equivalent.Yesterday, Mexican Gold announced the result from its sole step-out drill hole, LM-17-CS-04, and we consider it to be the biggest news the company has put out since the disco...Read More
Building a case for long-term sustainability'Underwhelmed' sums up investors' indifferent response to the Majors' Q1 results. The flicker of positive share price movement barely made an impression on the collective 16% underperformance against the stock market so far in 2017. This despite trouncing expectations as upstream 'delivered' for the first time in nine quarters.What do they have to...Read More
Building a case for long-term sustainability'Underwhelmed' sums up investors' indifferent response to the Majors' Q1 results. The flicker of positive share price movement barely made an impression on the collective 16% underperformance against the stock market so far in 2017. This despite trouncing expectations as upstream 'delivered' for the first time in nine quarters.What do they have to...Read More
Building a case for long-term sustainability'Underwhelmed' sums up investors' indifferent response to the Majors' Q1 results. The flicker of positive share price movement barely made an impression on the collective 16% underperformance against the stock market so far in 2017. This despite trouncing expectations as upstream 'delivered' for the first time in nine quarters.What do they have to...Read More
Building a case for long-term sustainability'Underwhelmed' sums up investors' indifferent response to the Majors' Q1 results. The flicker of positive share price movement barely made an impression on the collective 16% underperformance against the stock market so far in 2017. This despite trouncing expectations as upstream 'delivered' for the first time in nine quarters.What do they have 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. Building a case for long-term sustainability'Underwhelmed' sums up investors' indifferent response to the Majors' Q1 results. The flicker of positive share price movement barely made an impression on the collective 16% underperf...Read More