Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, boosted Tuesday its 2018 profits forecast after beating estimates for first-quarter earnings on strong global demand for its equipment.For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most...Read More
Canada's Centerra Gold (TSX:CG) has rejected an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (LON:CGH), received last month, but which the London-listed miner made public on Tuesday.Responding to media speculation, Chaarat confirmed its offer to Centerra to buy Kyrgyzstan's largest gold mine, and though it did not disclosed the sum, said the deal would also in...Read More
Anglo American (LON:AAL) won't resume production at its massive Minas Rio in Brazil until the fourth quarter of 2018 due to two pipeline leaks that forced it to halt operations in March, and which will cause the miner an annual group earnings (EBITDA) loss of $300 to $400 million.The announcement is the last of a string of difficulties Anglo has faced with the mine, which was expected to produce...Read More
The Peruvian Ministry of Energy and Mines announced today that it expects to reach $20.8 billion in investments between 2018 and 2022, with 10 per cent of such investments filling up the country's coffers by the end of this year. In a press release made public by the state-owned Adina Peruvian News Agency, the government agency said the funds will be generated by three projects whose construction...Read More
http://allafrica.com/On 20 April 2018, the Zimbabwe Environmental Law Association (ZELA) accompanied ambassadors from European Union countries during their field visit to the Zimbabwe Consolidated Diamond Company (ZCDC) mining operations in Marange in the east of the country. One interesting observation was the fresh fence erected on Anjin’s concession, an air strip clearance and the presenc...Read More
The stainless steel sector's share of global primary nickel demand is set to decrease from 68% in 2017 to 60% in 2027, as demand from the battery sector surges. Stainless steel will remain the major demand driver for nickel24 APRIL 201824/04/2018commentsshare Roskill said in a report that the stainless steel sector would remain the major consumer of primary nickel, mainly due to developments in Ch...Read More
The World Diamond Council has pledged its support to the Organisation for Economic Co-operation and Development (OECD) due diligence guidance (DDG) for responsible supply chains of minerals from conflict-affected and high-risk areas.Staff reporterThe WDC has pledged its support for the OECD DDG assurance process24 APRIL 201824/04/2018commentsshareThe third edition of the OECD DDG was pub...Read More
Editor's Note: Today we bring you the second part of Gerardo Del Real's exclusive interview with the president and CEO of Uranium Energy Corp. (NYSE: UEC), Amir Adnani. Part one may be found here.Read on to learn about UEC's unique "hub and spoke" strategy, how it is reacting to the current state of the uranium market, and the Alto Paran?? titanium project.To your wealth,Nick HodgePublisher, Outsi...Read More
Massachusetts courts have had a bad year.A Massachusetts lab technician, Sonja Farak, came to work high every day for 8 years. Well technically, sometimes she arrived sober but was soon high as a kite.She worked in a lab that tested drugs confiscated from arrested suspects. Of course, she wasn’t supposed to personally test the drugs… that was what the lab equipment was for.In 2014...Read More
Massachusetts courts have had a bad year.A Massachusetts lab technician, Sonja Farak, came to work high every day for 8 years. Well technically, sometimes she arrived sober but was soon high as a kite.She worked in a lab that tested drugs confiscated from arrested suspects. Of course, she wasn’t supposed to personally test the drugs… that was what the lab equipment was for.In 2014...Read More
Barrick Gold Corp said on Monday it was done selling assets to cut debt and would instead use funds from future sales for growth or to pay dividends, as it looks set to lose its rank as the world's biggest gold producer due to declining production.Read full newsRead More
Barrick Gold Corp said on Monday it was done selling assets to cut debt and would instead use funds from future sales for growth or to pay dividends, as it looks set to lose its rank as the world's biggest gold producer due to declining production.Read full newsRead More
Last week's other top-gaining mining stocks on the TSXV were Namibia Rare Earths, NV Gold, Carmax Mining and Oroco Resource.Read full newsRead More
Blockchain Company HashChain Technology Inc. announced Monday that it has entered a letter agreement to acquire 1,000 cryptocurrency mining rigs. 100 of those rigs are already operational at its Montana mining facility and the other 900 are expected to be deployed by the end of May 2018.More infor...Read full newsRead More
Aben Resources Ltd. (TSXV:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) (the "Company") is pleased to announce it has closed its previously announced non-brokered private placement financings (see news releases dated April 6, 2018 and April 16, 2018) for aggregate gross proceeds of just over CAD $2.32 million.Read full newsRead More
CloseGain/LossGold $1325.00-$10.60Silver$16.63-$0.50XAU83.25-2.19%HUI179.87-2.34%GDM627.47-1.48%JSE Gold1110.47+7.05USD90.93+0.60Euro122.08-0.81Yen92.09-0.94Oil$68.64+$0.2410-Year2.975%+0.016T-Bond142.9375-0.15625Dow24448.69-0.06%Nasdaq7128.60-0.25%S&P2670.29+0.01% The Metals: Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in the last couple of h...Read More
Last week's other top-gaining mining stocks on the TSX were Tanzanian Royalty, Eastmain Resources, Endeavour Silver and RNC Minerals.Read full newsRead More
The Peruvian Ministry of Energy and Mines announced today that it expects to reach $20.8 billion in investments between 2018 and 2022, with 10 per cent of such investments filling up the country's coffers by the end of this year. In a press release made public by the state-owned Adina Peruvian News Agency, the government agency said the funds will be generated by three projects whose construction...Read More
According to an eyewitness the van driverRead full newsRead More
Many Canadians are facing the consequences of spiraling debt...Read full newsRead More