According to a new report by private capital tracker Preqin, overall fundraising for natural resources investment actually declined declined by a fifth in 2016 to the lowest since 2012.Coming off a record 2015, 74 funds raised a total of $60bn in 2016 for investment in natural resources, which includes metals and mining, water, timberland and energy. Private providers of capital include pension f...Read More
Investing.com - Gold prices rose to a two-week high during European morning hours on Monday, as the U.S. dollar headed for its longest losing streak since November in wake of the Federal Reserve's dovish guidance on the path of rate hikes this year.Comex gold futures jumped to a session peak of $1,235.50 a troy ounce, the highest since March 6. It was last at $1,232.85 by 4:15AM ET (08:15GMT), up...Read More
(Adds company news items)March 20 (Reuters) - Britain's FTSE 100 futures FFIc1 were flat ahead of the cash market open on Monday.* HANSTEEN: Britain's Hansteen Holdings HSTN.L has agreed to sell its German and Dutch property portfolios for 1.28 billion euros ($1.38 billion) to entities owned by funds advised by affiliates of the Blackstone (NYSE:BX) Group LP BX.N and M7 Real Estate, the company sa...Read More
March 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 point higher at 7,426 on Monday, according to financial bookmakers.* The UK blue chip FTSE 100 .FTSE index ended 0.1 percent higher at 7,424.96 points on Friday, closing at a record level but with a stronger sterling capping gains. UNILEVER: Unilever ULVR.L is preparing a 6 billion pound ($7.44 billion) sale of some of its foo...Read More
A 39-day-long stoppage at La Escondida, the world's largest copper mine, may continue for up to three months if the company does not comply with worker's demands, union leaders warned this weekend.After holding a series of meetings throughout Saturday and Sunday, No.1 Union, which has 2,500 members, rejected Minera Escondida's most recent proposal of offering them end-of-conflict bonuses for the e...Read More
Investing.com - Gold prices rose on Friday as expectations of a slower pace of U.S. interest rates hikes than some investors had anticipated continued to weigh on the dollar.Gold for April delivery settled up 0.15% at $1,229.00 on the Comex division of the New York Mercantile Exchange.Gold touched its highest since March 6 on Thursday, at $1,231.4 and ended the week with a gain of 1.92%.The Federa...Read More
Zinc was once again the best performing commodity for the week with LME prices ending at $2,882 a tonne ($1.31 a pound), a 6.7% jump over the last five trading days, outperforming sector bellwether copper's 3.4% gain for the week.Zinc, up 12% year to date, is being buoyed by record refined output in China and tight supply after a number of mine closures.RBC Capital in a recent research note follow...Read More
"With Antamina representing a significant proportion of SLW's production profile, the tour highlighted the opportunity for substantial mine life extension, including the potential to upgrade material and add additional ounces through exploration," analyst Andrew Kaip noted in a March 7 report for BMO Capital Markets."We see Antamina as representing a meaningful proportion of SLW's production pro...Read More
Australian explorer, Emu NL (ASX: EMU), has mobilised camp, earth moving and drilling equipment to the Vidalita site in northern Chile. The camp will be located ~25km from the drill site at an altitude of ~ 4,300m and cater for up to 20 personnel. Earth moving equipment has been engaged to repair the tracks into the site and to assist with setting up the camp and drill sites.Drilling is scheduled...Read More
Talks between Freeport-McMoRan (NYSE:FCX) and striking workers at its Cerro Verde copper mine in Peru broke down Thursday with miners announcing their plan to start an indefinite stoppage beginning March 24.Around 1,300 unionized miners downed tools on March 10, demanding better working conditions as well as a larger share of profits.Around 1,300 unionized miners will start an indefinite stoppage...Read More
Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, is bringing in former US attorney general William P. Barr to help it sort out tax issues surrounding its Swiss subsidiary, which sparked a federal raid on its Peoria headquarters earlier this month.Barr, who served as US Attorney General under President George Bush from 1991 to 1993, will help the company review and address issues rel...Read More
Canada's British Columbia, the country's most western province, is famous for its natural beauty, but it can not longer brag about how attractive it is to mining investors as perception grows that it may no longer a be welcoming place for mineral exploration.Recent reports offer the mining and exploration sectors some optimism that a four-year-long bear market has ended, although projections ar...Read More
Investing.com - Gold prices edged lower on Friday, but still remained close to two-week highs thanks to a weaker U.S. dollar and the Federal Reserve's dovish stance at its latest policy meeting.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.09% at $1,226.05, just off the previous session's two-week high of $1.231,40.The April contract ended T...Read More
(Adds company news items, futures)March 17 (Reuters) - Britain's FTSE 100 futures FFIc1 were down 0.1 percent ahead of the cash market open on Friday.* The UK blue chip FTSE 100 .FTSE index closed 0.6 percent higher at 7,415.95 points on Thursday, helped by a surge in commodities-related stocks, but pared some gains after a Bank of England policymaker voted for a rate hike. BERKELEY: London-focuss...Read More
March 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 1 point at 7,416 on Friday, according to financial bookmakers.* BP: BP Plc BP.L on Friday said it had sold around half its roughly 20-percent stake in New Zealand Refining Company Limited NZR.NZ for NZ$80.4 million ($56.2 million) as part of a global portfolio review. BHP BILLITON: The striking union at BHP Billiton's BLT.L E...Read More
Former open-pit mine has $1 billion worth of existing mine infrastructure, including processing plantAn exhausted copper-gold mine 250 kilometres north of Smithers will be given a second life when the owners of the Kemess open-pit mine go underground, using a novel block cave mining approach.AuRico Metals (TSX:AMI) received an environmental certificate March 15 for its $684 million Kemess projec...Read More
Canada's Barrick Gold (TSX, NYSE: ABX), the world's No.1 producer of the precious metal, is said to be mulling either the sale of a stake in its Lagunas Norte mine in Peru or the addition of a partner in the venture.People familiar with the matter told Reuters that the Toronto-based miner would prefer to keep at least a 50% ownership of the mine, located in north-central Peru, 140 km east of the c...Read More
Please note: The Frank Talk articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.Every four years, the American Society of Civil Engineers (ASCE) releases its report card on the condition of America's infrast...Read More
Indian billionaire Anil Agarwal is trying to buy a stake of as much as 2 billion pounds ($2.4 billion in Anglo American (LON:AAL), representing about 12% of the firm, one of the main rivals to the tycoon's Vedanta Resources (LON:VED).Deal makes of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.The deal would make of Volcan Investments Ltd., Agarwal's...Read More
March 16 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday as commodities gained on the dollar's drop in the wake of the U.S. Federal Reserve's dovish tone for rate hikes this year.The Fed on Wednesday raised interest rates, as expected, but signaled only a gradual rate tightening. That sent the dollar to a one-month low, and gold and copper to one-wee...Read More