In New York on Tuesday copper for delivery in May enjoyed a third day of gains adding 1% to $2.6505 per pound or $5,843 a tonne on the back of upbeat economic data from China and continued labour disruptions at the world's biggest mines.The Statistics Bureau of China said on Tuesday industrial production led by the steel industry jumped 6.3% in January and February of 2017 (released tog...Read More
Chile-focused copper miner Antofagasta Plc. (LON:ANTO) logged Tuesday an almost 80% jump in earnings during 2016 on the back on better-than-expected metal prices in recent months, and predicted that improved market conditions were here to stay.The miner, one of the oldest companies listed in London, posted earnings before interest, tax, depreciation and amortization of $1.63 billion and said reven...Read More
Mining and commodities trader Glencore (LON:GLEN) is selling its stakes in two zinc mines to Canada's Trevali (TSX:TV) in a deal worth about $400 million that will make the later the first pure zinc company with operations in North and South America as well as Africa.With the sale, Glencore gives Trevali its 80% and 90% stakes respectively in the Namibia-based Rosh Pinah and the Perkoa mine loca...Read More
Investing.com - Gold prices struggled near a six-week low during European morning hours on Tuesday, as investors prepared for a rate hike by the Federal Reserve while focusing on political developments in Europe.Comex gold futures dipped $2.55, or around 0.2%, to $1,200.55 a troy ounce by 4:15AM ET (08:15GMT), not far from Friday's low of $1,194.50, which was the weakest level since January 31.Mea...Read More
(Adds company news items, futures)March 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 4.7 points on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* OCADO: Ocado OCDO.L , the British online supermarket that has been testing investors' patience with its failure to land an overseas deal, said there were signs of pricing...Read More
March 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 4.7 points on Tuesday, according to financial bookmakers.* BHP BILLITON: BHP Billiton BLT.L on Monday invited striking workers at its Escondida copper mine in Chile, the world's largest, to return to the negotiating table, after they rejected a similar approach on Saturday. AMEC FOSTER WHEELER-JOHN WOOD: Oil services company Wo...Read More
SHANGHAI, Mar 14 (SMM) – Following the release of China’s upbeat economic data, most base metals registered a rise today. SHFE aluminum rose close to 1%, while tin dipped close to 1%. Copper, nickel, zinc inched up.The ferrous complex rose across the board, as coking coal led with a gain of 2.7%. Iron ore jumped over 2%. Coke and hot-rolled coil went up about 1%, while rebar increased...Read More
SHANGHAI, Mar 14 (SMM) – Nonferrous and ferrous metals in the Shanghai market rebounded across the board and remained firm on the morning of Wednesday March 14 as data on China's economy in January and February were released, SMM found. The National Bureau of Statistics (NBS) released the report on China's economy for the first two months in 2018.Vice president of Zhongda Future...Read More
SHANGHAI, Mar 14 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightFollowing the departure of US Secretary of State Rex Tillerson from the White House, the US dollar index touched a five-day low of 89.58 and then hovered around 89.6, while most base metals climbed up. SHFE aluminium and tin edged down slightly. LME zinc led with a rise of...Read More
SHANGHAI, Mar 14 (SMM) –Copper: LME copper inched up and hit a high of $6,959/mt last night. SHFE copper also rose and touched a high of 52,140 yuan/mt overnight. The strong US Consumer Price Index (CPI) and a weak US dollar are likely to support prices. We see SHFE copper trading at 51,000-54,000 yuan/mt. In the physical market, spot prices are likely to trade at a premium of 20-80 yua...Read More
Palisade Research March 14, 2017 Category: Research Triumph Gold Corp. (CVE:TIG, FRA:8N61, OTCMKTS:NFRGF)Current Price: C$0.38Shares Outstanding: 59.7 millionMarket Capitalization: C$22.7 million52-Week Range: C$0.07 - C$0.50Cash: ~C$6.3 million Original Write-Up Here Will Triumph Gold be the next Kaminak? No. We believe it will be much larger. As stated in our original write-up, Triumph's flagshi...Read More
Anglo American today published its 16th annual Sustainability Report, entitled Delivering Change, Building Resilience, Working in Partnership'. Published alongside Anglo American's Annual Report, both reports set out our commitment to delivering real and sustainable value for all stakeholders, aligned with our vision of being partners in the future.To access the 2016 Sustainability Report and Annu...Read More
Copper prices climbed Monday, helped mainly by ongoing supply disruptions at two massive mines in Chile and Indonesia, intensified by an indefinite strike that broke Friday at Freeport-McMoRan's (NYSE:FCX) Cerro Verde mine in Peru the country's largest.Three-month copper was last 1.1% on the London Metal Exchange to $5,794 a tonne, after it had lost 3.1% last week, the most since December, due par...Read More
MICROMINE has implemented its leading fleet management and mine control solution, Pitram, at the Oyu Tolgoi copper-gold mine in the South Gobi region of Mongolia.Owned by Turquoise Hill, Rio Tinto and the Government of Mongolia, Oyu Tolgoi recommenced its underground development in 2016.The implementation of Pitram includes standard voice deployment to equipment, configured to collect data relatin...Read More
Greenland may soon start building the world's fifth-largest uranium mine and second-biggest rare earths operation, which could fuel independence dreams in the island, an "autonomous administrative division" within Denmark since 2009.The proposed open pit mine in the southern town of Kvanefjeld is expected to process over 100 million tonnes of ore in the coming decades, helping Greenland to dive...Read More
Investing.com - Gold prices were higher during European morning hours on Monday, starting the week off with gains as investors turned their attention to elections in Europe, while preparing for a potential rate hike by the Federal Reserve this week.Comex gold futures rose $8.15, or around 0.7%, to $1,209.55 a troy ounce by 4:10AM ET (08:10GMT).It settled lower for the ninth session in a row on Fri...Read More
(Adds company news items, futures)March 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,349 on Monday, according to financial bookmakers, with futures FFIc1 up 0.1 percent ahead of the cash market open.* COMPUTACENTER: British IT services provider Computacenter CCC.L said its full-year adjusted revenue rose 6.3 percent, helped by positive currency impact. HSBC: HS...Read More
March 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,349 on Monday, according to financial bookmakers.* HSBC: HSBC Holdings Plc HSBA.L , Europe's biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA Group 1299.HK boss Mark Tucker as chairman to replace Douglas Flint, who plans to step down in 2017. LLOYDS: Lloyds Banking...Read More
SHANGHAI, Mar 13 (SMM) – Nonferrous metals saw mixed trading today as aluminium led losses with a drop of nearly 2%. SHFE lead fell over 1%, while copper and tin edged down. Zinc and nickel inched up.The ferrous complex fell across the board as coking coal led the slump with a drop of more than 3%. Coke fell over 2%. Rebar, iron ore, and hot-rolled coil edged down.Copper: The SHFE 1805 contr...Read More