SHANGHAI, Jun 20 (SMM) – Nonferrous metals futures, except for SHFE tin, inched down across the board on Wednesday June 20. The ferrous complex mostly gained. Hot-rolled coil went up over 1%. Rebar and coke edged up. Coking coal fell nearly 1%, and iron ore closed slightly lower. Copper: The SHFE 1808 contract hovered around the daily moving average within a range of 100 yuan...Read More
* U.S. stocks mostly up after trade war worry selloff* Fed's Powell repeats case for gradual rate hikes* Euro stays lower against dollar after comments by ECB's Draghi (Updates with late-morning U.S. markets activity, changes byline, dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, June 20 (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent selloff on...Read More
Investing.com - Gold prices were steady at a six-month low on Wednesday, as the greenback rose and trade tensions waned.Comex gold futures for August delivery were down 0.20% to $1,276.10 a troy ounce as of 10:38 AM ET (14:38 GMT).Trade tensions between the U.S. and China eased but still remained on the back of investors minds, as the two largest economies in the world faced a tit-for-tat over tra...Read More
(Adds details on arrests)By Sudarshan VaradhanTHOOTHUKUDI, India, June 20 (Reuters) - Vedanta Ltd VDAN.NS said on Wednesday a sulphuric acid leak from a tank at its southern Indian copper smelter was severe and inaction could lead to serious environmental consequences.The district administration had said on Sunday the leak at the plant in the seaside town of Thoothukudi was minor, and steps were b...Read More
On Monday, Redstone Corporation, a subsidiary of Gina Rinehart's Hancock, lodged a bidder's statement for the unconditional 4.2c per share cash offer after acquiring 19.96% of Atlas last week.Read More
The United States has twice as many operating mines owned by publicly-traded companies than any other country, according to data from Mining Intelligence.As of this month there are 845 operating mines in the U.S., giving it 20% of the world's total.Russia is second with 408. Canada ranked eighth with just 167 operating mines.Mines considered in the survey had the following criteria:Mines are owned...Read More
The spot gold price was about US$7 an ounce lower than this time yesterday, around $1,275/oz.Meanwhile as the summer/winter solstice nears (depending on your hemisphere), Solstice Gold (TSXV: SGC) was one of the standouts among juniors in Toronto as it announced "gold grains" from exploration at its Kahuna gold project in Nunavut.Shares in the company, which listed on the TSX Venture Exchange a mo...Read More
SHANGHAI, Jun 20 (SMM) –Copper: LME copper plummeted to the $6,800/mt level overnight while the SHFE 1808 contract slowed its decline. Support is seen at the $6,800/mt level for LME copper and we believe the SHFE 1808 contract is likely to stabilise at the 51,500 yuan/mt level. In the physical market, downstream consumers were keen to stockpile as futures prices fell. Such purchasing en...Read More
The 37-year-old was injured by a loader and succumbed to his injuries at an outpatient clinic, sister publication Mining News Brazil (NMB) reported. Read More
* MSCI World index snaps 5-day losing streak as Asia bounces* China markets reverse losses on indications of policy support* European shares higher, futures signal Wall Street will rise* Tentative gains on emerging currencies, stocks(Updates prices, adds chart)By Sujata RaoLONDON, June 20 (Reuters) - World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent s...Read More
The copper price has turned a corner in recent times, coming off a prolonged price downturn from 2012 to 2017, which saw the red metal bottom at just under US$2/lb. Read More
By Sudarshan VaradhanTHOOTHUKUDI, India, June 20 (Reuters) - Vedanta Ltd VDAN.NS said on Wednesday a sulphuric acid leak from a tank at its southern Indian copper smelter was severe and inaction could lead to serious environmental consequences.The district administration had said on Sunday the leak was minor, and steps were being taken to empty the storage tanks as a safety precaution. is a severe...Read More
Output is now estimated at 500,000-540,000 ounces versus previous guidance of 480,000-530,000oz.OceanaGold said operating performance at Haile had been strong with recent solid plant performance, and mining activities were gradually improving, while improvement to the mine plan had seen Didipio in the Philippines continue to outperform.In New Zealand, after a slow start Waihi was back on track whi...Read More
During trial mining at Matsa's Fortitude, tonnes and grade were lower than budgeted leading to production coming in at 9,522 ounces, around 80% of the target, while all-in costs were A$386 (US$285) per ounce above budget, leading to a slim cashflow of just $700,000.Read More
SHANGHAI, Jun 19 (SMM) – Import tariffs for certain types of vehicles imported from the US will be raised to 40% from July 6, according to the State Council.The announcement, made earlier this week by the commission of tariffs and customs, was part of an additional 25% new tariff on $34 billion worth of US goods in response to Washington’s decision to slap new tariffs on $50...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 1 pct, mid caps up 0.8 pct* Brexit talk concerns send pound to 7-month low* Berkeley falls after warning on profit slump* Miners provide support as metal price riseBy Danilo MasoniMILAN, June 20 (Reuters) - The UK's top share index rose on Wednesday in a broad-based rebound in Europe as immediate worries over the...Read More
(Adds company news items and futures)June 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 15 points higher at 7,619 on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.66 percent ahead of the cash market open.* BERKELEY: London-focussed builder Berkeley BKGH.L posted a better-than-expected 15 percent rise in pretax profit to 935 million pounds ($1.23 billion) but...Read More
Jun 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of June 19, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- Aaditya ConstructionBGCRISIL A4108Migrated (Issuer Not Cooperating) Acute DesignsBGCRISIL A480Reaffirmed Anjana...Read More
RAPAPORT... Helzberg Diamonds has launched the "Will You?" ring, a $50placeholder for proposing that enables couples to choose an engagement ringtogether at a later stage. Some 73% of men and 63% of women in relationships believemarriage proposals should be a surprise, the jeweler said, citing a survey itcarried out in May. However, of those, 62% of men said the most difficult partof the proposal...Read More