April 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,328 on Monday, according to financial bookmakers.* RECKITT BENCKISER: British consumer goods group Reckitt Benckiser RB.L is considering the sale of its foods business, which includes French's, its top-selling U.S. mustard brand, to help fund its $16.6 billion takeover of baby food maker Mead Johnson MJN.N , Brit...Read More
Investing.com - Gold prices retraced losses on Friday after a Federal Reserve official said the central bank was in no rush to tighten monetary policy this year.Gold for April delivery settled up 0.19% at $1,247.4 on the Comex division of the New York Mercantile Exchange, having touched lows of $1,246.4 earlier.Gold moved higher after New York Fed President William Dudley said Friday that it made...Read More
Wealth Minerals Ltd. (the "Company" or "Wealth") - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN), reports that it has initiated an extensive lake-brine sampling and project evaluation program (the "Work Program") at the Laguna Verde Lithium Project in Chile. The Project comprises 23 exploration mining concessions for a total of 2,438 hectares and is located in Region III, northern Chile...Read More
Canadian junior Strongbow Exploration Inc (CVE:SBW) announced Friday it has successfully completed water treatment trials at the South Crofty tin mine in Cornwall and is now working on an application to the UK Environment Agency for a mine waste permit.Strongbow says the application was expected to be filed within one month and permits could be issued before the end of the summer. The Vancouver-...Read More
Chesterfield, Mo., USA, March 31, 2017 - MECS Inc., a wholly owned subsidiary of DuPont, has been selected to supply the sulfuric acid production technology for two new plants belonging to Corporaci??n Nacional del Cobre de Chile (Codelco), the world's largest copper producer. The MECS technology will treat off-gas from the Chuquicamata Copper Smelter Complex in the Antofagasta region of northern...Read More
Around 1,300 unionized employees at Freeport-McMoRan's (NYSE:FCX) Cerro Verde copper mine in Peru went back to work on Friday, effectively putting and end to a 18-day strike that halved the mine's output.The workers, who went on strike on March 10 demanding special benefit payments to protect their incomes against a downturn in the metal prices, as well as better working conditions, signed an agr...Read More
Vedanta Resources' (LON:VED) chief executive Tom Albanese is leaving the Indian mining conglomerate in August and return to the US in a personal move aimed at spending more time with his family.Albanese's departure comes on the heels of former Anglo American CEO Cynthia Carroll's exit, who left Vedanta last month.The company's executive chairman, Indian billionaire Anil Agarwal, would be leading...Read More
(Repeats with no changes to text. The opinions expressed here are those of the author, a columnist for Reuters.)By Clyde RussellSINGAPORE, March 31 (Reuters) - The rally in commodity prices last year is starting to filter through to higher spending by miners, but the nature of how they are loosening the purse strings betrays the view that companies are still cautious about the outlook.Mining servi...Read More
(The opinions expressed here are those of the author, a columnist for Reuters.)By Clyde RussellSINGAPORE, March 31 (Reuters) - The rally in commodity prices last year is starting to filter through to higher spending by miners, but the nature of how they are loosening the purse strings betrays the view that companies are still cautious about the outlook.Mining service providers are generally one of...Read More
Mar 31 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of March 30, 2017. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Adcc Infocad LtdST Bk FacCARE A3600Revised fromCARE A3+ (enhanced from Rs.55.00crs) Balaji Multiflex Pvt LtdST Bk FacCARE A1+17Rea...Read More
Description As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth. This Copper Short Term Outlook report provides a detailed breakdown of...Read More
Argentina's San Juan province has ordered Barrick Gold (TSX, NYSE:ABX) to halt operations at its Veladero mine following the decoupling of a pipeline carrying gold and silver solution on the leach pad Tuesday night.In a brief statement issued Thursday evening, Barrick said authorities had restricted the addition of cyanide to the Veladero mine's heap leach facility pending the verification that re...Read More
Chile's Escondida copper mine, the world's largest, has named Brazilian Mauro Neves as its new president, following a historically long 43-day strike at the operation that ended last week with the parts failing to reach a wage deal.Escondida - responsible for about 5% of the world's total copper output - failed to produced more than 120,000 tonnes of the red metal due to the historically long 43...Read More
Lawmakers in El Salvador, Central America's smallest nation, have passed a law that bans all mining for gold and other metals, making the country the world's first to impose such a broad prohibition on the extraction of minerals, environmentalists and human rights groups said.The ruling, aimed at protecting the nation's allegedly quite fragile environment, comes after a long-dragged dispute over...Read More
Investing.com - Gold prices edged lower for a third straight session on Thursday, adding to their decline from a one-month high reached at the start of the week as the dollar strengthened amid expectations for more U.S. interest rate hikes this year.Comex gold futures dipped $3.20, or around 0.3%, to $1,250.50 a troy ounce by 3:00AM ET (07:00GMT). Meanwhile, spot gold was down $2.50 at $1,251.10.G...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
1.) Long-term readers of Palisade Research know this chart well. We are now 297 trading days into a bull market on the TSX Venture Exchange, as depicted by our 1990 to Present - Bull & Bear Markets Chart. During that time, the TSX Venture has had some sell-offs, but history says this is inevitable. In fact, we are currently mired in a several month long pull-back. So what comes next? We took a loo...Read More
A fresh incident has been registered at Barrick Gold's (TSX, NYSE:ABX) Veladero mine in the San Juan province of Argentina in what is the third issue affecting the operation in less than 18 months.According to Osvaldo Lima, the provincial government spokesman, a pipe carrying a "rich mixture" of gold and rocks came lose on Tuesday night, local paper La Nacion reports (in Spanish), without offerin...Read More
An undeniable and ongoing rebound in commodity prices could take global mining spending in exploration up to as much as $21 billion by 2025, a level of funding last seen in 2012 according to S&P Global Market Intelligence, but which is necessary to sustain the industry's growth.While prognosticating that far into the future can inevitably lead to inaccuracies, Stan Wholley, President for the Ameri...Read More
* Formal Brexit process begins* Sterling under pressure* Stocks regain footingBy Jamie McGeeverLONDON, March 29 (Reuters) - European shares rose on Wednesday, following Wall Street's late surge, while sterling was the biggest loser on major currency markets ahead of the formal triggering of Britain's exit process from the European Union later in the day.Prime Minister Theresa May will notify EU Co...Read More