LONDON (Reuters) - Banks' metals-related revenues exceeded their earnings from the oil sector last year for the first time since 2014 as low and relatively stable crude prices discouraged hedging activity, but this is unlikely to be the start of a new trend.Banks' commodity revenue has been on a steady downward path in recent years as they have exited or slimmed down their commodity businesses due...Read More
(Bloomberg) - It's been an unprecedented week for aluminum.The U.S.'s decision to blacklist United Co. Rusal, the world's second-biggest aluminum maker, set off a rush to secure supply. Prices rose by a record this week, with ripple effects felt by car makers in Atlanta, Swiss commodity traders and processing plants in the Irish countryside."There's a scramble to replace Russian material with non...Read More
LONDON, April 13 (Reuters) - Rio Tinto said it will declare force majeure on certain customer contracts after the U.S. imposed sanctions on its partner Russian aluminium producer Rusal.The mining group said on Friday it was working with its customers to minimise disruptions to supply and would fully comply with U.S. sanctions.Rio also said it was reviewing Rusal's 20 percent stake in the Queenslan...Read More
LONDON/HONG KONG, April 13 (Reuters) - China Molybdenum International (CMOC) Chief Executive Kalidas Madhavpeddi has left the company and the parent group's Executive Chairman Chaochun Li has replaced him as acting CEO.A China-based spokesman said the move was a normal personnel change, adding "having the chairman serve as overseas CEO at the same time shows the company's emphasis on the overseas...Read More
A young gold miner works in Makala gold mine camp near the town of Mongbwalu in Ituri province, eastern Democratic Republic of Congo. REUTERS/Goran TomasevicRead full newsRead More
A young gold miner works in Makala gold mine camp near the town of Mongbwalu in Ituri province, eastern Democratic Republic of Congo. REUTERS/Goran TomasevicRead full newsRead More
Brio Gold :Read full newsRead More
K92 Mining Inc:Read full newsRead More
Anaconda Mining sells 4,526 ounces of gold in Q1 2018, generating $7.6M in revenueRead full newsRead More
Peter Munk, who has died aged 90, was a Hungarian-born immigrant to Canada who built the world’s largest gold mining company.Read full newsRead More
Peter Munk, who has died aged 90, was a Hungarian-born immigrant to Canada who built the world’s largest gold mining company.Read full newsRead More
Image: GlencoreZinc hit a four month low of $3,135 a tonne on Thursday, down more than 12% from its decade high achieved mid-February.Rising fears about trade protectionism have taken the shine off most base metals but zinc's bearish outlook has more to do with new supply; and lots of it.The metal, mainly used to galvanize steel, has more than doubled since hitting multi-year lows in January 2016...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 May delivery gained 25 cents to $67.07 on the New York Merc, while Brent for June lost four cents to $72.02 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.80 to W...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 positive 86-78-120. The TSX Venture Exchange rose four points to 782 while rough diamond prices gained 0.2 per cent this week. Bruce Counts's Lithoquest Diamonds Inc. (LDI) continu...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 $18.50 to $1,334.30 on Thursday. The TSX Venture Exchange rose 4.66 points to 781.37 while the TSX Gold Index lost 1.96 points to 186.60. Canadian gold miners lost ground today, with Fred Stanford's Torex Gold R...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 The TSX Venture Exchange gained 4.66 points to 782.37 Thursday.Donald Wright, Avi Grewal and John O'Sullivan have filed a preliminary prospectus to list their second capital pool shell, Cinaport Acquisition Corp. II. They plan to sell...Read More
K92 Mining Inc. (TSXV:KNT), a junior miner, moved up after announcing Q1 gold and copper production at its Kainantu Gold MineSean Mason | April 13, 2018 | SmallCapPowerCopper and gold production caught the eyes of more than a few junior miner speculators Friday. Here's some small stocks making big moves on Friday, April 13, 2018 (as of 4 pm EST):K92 Mining Inc. (TSXV:KNT) shares continued to mo...Read More
Nemaska adds US$150 million streaming component to lithium planNemaska Lithium Inc. [NMX-TSX, NMKEF-OTCQX, NOT-FSE] entered into a US$150 million streaming agreement with Orion Mine Finance LP as part of a large plan to fund a proposed lithium mine in Quebec.The move comes just two weeks after the company announced the components of a plan to raise between US$775 million and US$825 million to fund...Read More
Dundee's Chelopech gold mine in central-western Bulgaria. Source: Dundee Precious Metals Inc.Dundee Precious Metals Inc. [DPM-TSX] on Friday April 13 announced its mine and smelter production results for the three months ended March 31, 2018.Highlights included better than expected production from the Chelopech Mine which is located in central-western Bulgaria approximately 70 km east of Sofia, th...Read More
When Chris Klock was 10 years old, his parents took him to the Statue of Liberty. After climbing halfway up the interior stairs, he stopped at a lookout point to see the New York City skyline. "It just terrified me. I turned around and walked right down the steps," Klock said. It was the first time he could remember being overwhelmed by acrophobia, or, the fear of heights, which afflicts an estima...Read More