BEIJING, April 27 (Reuters) - Jiangxi Copper Co, one of China's top copper producers, posted its biggest quarterly profit in 3-1/2 years on Friday thanks to higher copper prices.Net income for the first quarter of 2018 came in at 766 million yuan ($120.9 million), up 41.5 percent from a year earlier, the Nanchang-based company said in a filing to the Shanghai Stock Exchange.The result is the highe...Read More
STOCKHOLM, April 27 (Reuters) - Sweden's Sandvik, the world's biggest maker of metal cutting tools, has agreed to buy measurement technology company Metrologic Group for 360 million euros ($435 million) to strengthen its position in digital manufacturing.Sandvik said on Friday it was buying the French software company from private equity firm Astorg Partners.Metrologic specialises in metrology, an...Read More
LONDON/BEIJING, April 27 (Reuters) - Multiple shipments of alumina are being exported from China, with major suppliers agreeing deals of up to 500,000 tonnes, in a rare move prompted by supply problems after U.S. sanctions on Russian producer Rusal.China is the biggest global producer and consumer of alumina, a compound extracted from bauxite ore that is smelted into aluminium metal.The sanctions...Read More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
NEW YORK, NY / ACCESSWIRE / April 26, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...Read full newsRead More
ZUG, Switzerland, April 26, 2018 /PRNewswire/ --Jinbi Token (https://jinbitoken.io/), a UK and Switzerland-based...Read full newsRead More
TORONTO ,April 24, 2018/CNW/ - RNC Minerals (RNX.TO) (Read full newsRead More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
Chinese authorities intervened this week in favour of Tianqi's attempt to grab a 32% interest in Chile's Chemical and Mining Society (SQM), the world's second largest lithium producer, saying that any efforts to block the $5 billion deal could "leave negative influences."According to Chilean newspaper El Mercurio (in Spanish), Chinese Ambassador Xu Bu openly condemned the move by the country's d...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for June delivery gained 14 cents to $68.19 on the New York Merc, while Brent for June gained 74 cents to $74.74 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.85 to...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Thursday was a mediocre 66-81-145. The TSX Venture Exchange fell fractionally to 783 while polished diamond prices gained 0.1 per cent. Hugh Stoyell and Johnny Blizzard's Katanga Mining Ltd. (KAT...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $5.70 to $1,316.90 on Thursday. The TSX Venture Exchange fell 0.74 point to 783.05 while the TSX Gold Index added 0.77 point to 191.89 New Gold Inc. (NGD) led Canadian gold miners lower today. It slid 21 cents t...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange lost a fraction to 783.05 Thursday. Ravinder Mlait has filed a preliminary prospectus to list his first capital pool shell, Brockton Ventures Inc., with a $200,000 initial public offering at 10 cents through Le...Read More
Chilean Finance Minister Felipe Larra?-n and his Mining counterpart Baldo Prokurica said today that the government that came to power in March will ensure state copper giant Codelco receives capital incentives so that it can continue to grow.Following Codelco's annual shareholder meeting, Larra?-n and Prokurica said the new capitalization process and the amount that will be provided have to be def...Read More
Stocks can be classified in two ways: cyclical or defensive, depending on how they react to business cycles. You shouldn't invest in only one of these, as cyclical stocks will sometimes outperform defensive stocks, and sometimes the reverse will happen.Let's look at the best moment to invest in cyclical stocks and the best time to pick defensive stocks.Cyclical stocksAs the name suggests, cyclical...Read More
The gold miners' stocks have mostly been consolidating low this year, exacerbating bearish sentiment. Even with gold grinding higher in a solid uptrend and nearing a major upside breakout, the gold stocks just can't get any love. But that may be about to change, with gold and its miners' stocks in the midst of their spring rally. Strong seasonal tailwinds make May one of the best months of the yea...Read More
Even though easing tensions in the Middle East and the diminished threat of a global trade war have caused gold to soften in recent weeks, investors should still consider bolstering their exposure to the yellow metal. Not only is gold still trading above the psychologically important US$1,300-per-ounce mark, but for a millennium or more, it has been considered to be a tangible and portable store o...Read More
Goldcorp Inc. (TSX:G)(NYSE:GG) just reported Q1 2018 results that came in a bit weaker than analysts expected.Let's take a look at the company as well as the broader situation in the gold market to see if Goldcorp deserves to be on your buy list right now.Financial resultsGoldcorp generated Q1 2017 net earnings of US$67 million, or US$0.08 per share, compared to US$170 million, or US$0.20 per shar...Read More