Aluminum products maker Arconic Inc slashed its 2018 forecasts for profit and free cash flow on expectations that the price of the metal would remain high this year due to sanctions on Russian supplies and a 10 percent duty on aluminum imports.Shares of the company, which makes aluminum products used in airplanes and trucks, fell 17.8 percent as the company also said high prices squeezed margins a...Read More
In the just concluded quarter the US just borrowed $488BN in debt: This was the single biggest quarterly amount of debt sold by the US since the record $569BN borrowed in Q4 2008 when the financial system nearly collapsed.Read full newsRead More
Good news for junior bankers at Morgan Stanley: for the first time in 4 years, associated base will increase by 25%, while analysts will be promoted after only two years.Read full newsRead More
WTI has just broken above $69, and gold back above $1320, following accusations from Israeli PM Netanyahu that Iran had a secret plan to build nuclear weapons...Read full newsRead More
A diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers.The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it finally was placed under judicial management in May last year, leaving 130 people out of work and millions in unpa...Read More
Barrick Gold (TSX, NYSE:ABX) and NovaGold Resources' (TSX, NYSE-MKT: NG) proposed gold mine in Alaska has received a long-waited final environmental clearance, granted by the U.S. Army Corps of Engineers, the Canadian miners said Monday.The Dolin project, one of the world's largest, highest grade, known gold deposits, is expected to require a $6.7 billion investment from the two owners, which ar...Read More
Shares in Australia's Galaxy Resources (ASX:GXY) jumped Monday after it confirmed it had hired JPMorgan to evaluate "strategic options" for its Argentina-based Sal de Vida lithium and potash project.Move comes at a time when both battery and car companies, especially from China, are moving aggressively to secure steady lithium supply.The announcement followed a report in The Australian newspa...Read More
http://www.miningmx.com/I think the decision by Minister of Mineral Resources Gwede Mantashe to do an "about face" over the High Court ruling on "once empowered, always empowered" and appeal the judgement is hugely negative.It reveals that "the leopard cannot change its spots" because it shows once more that a critical part of the ANC's ideological make-up is an underlying mistrust and dislike of...Read More
Gold fell on Monday as easing tensions on the Korean peninsula boosted appetite for assets seen as higher risk.Read full newsRead More
Stocks Analysis by Mark Lundeen covering: XAU/USD, Dow Jones Industrial Average, Newmont Mining Corporation, Gold Futures. Read Mark Lundeen's latest article on Investing.comRead full newsRead More
China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.Read full newsRead More
Commodities Analysis by Steve St. Angelo covering: XAU/USD, Gold Futures. Read Steve St. Angelo's latest article on Investing.comRead full newsRead More
His water-driven Sluice Goose machine separates gold particles with what he claims is 100% accuracyRead full newsRead More
Gold and precious metals investors should not start the day until they have Kitco's Global Trading Director Peter Hug's opinion of the marketplace. Hug's daily commentary highlights important events that happened overnight and important reports to come; he prepares investors for their day by providing important support and resistance price levels.Read full newsRead More
The U.S. Army Corps of Engineers issued its long-anticipated approval Friday, April 27, on the Final Environmental Impact Statement for the big Donlin Gold Mining Project near the Kuskokwim River.Read full newsRead More
Stocks Analysis by Mark Lundeen covering: XAU/USD, Dow Jones Industrial Average, Newmont Mining Corporation, Gold Futures. Read Mark Lundeen's latest article on Investing.comRead full newsRead More
WTI has just broken above $69, and gold back above $1320, following accusations from Israeli PM Netanyahu that Iran had a secret plan to build nuclear weapons...Read full newsRead More
The Conference Board of Canada is optimistic about the potential behind blockchain technology.It's report noted cautious optimism in adopting blockchain to improve digital services within the Canadian government, but suggested the public sector could use its applications to handle or m...Read full newsRead More
Ethereum (ETH) is the 'real winner' in the cryptocurrency sweepstakes as the blockchain currency revels in a month of repeated price rises. ETH has soared from US$392 on April 1 to stand at US$682 today at press time - a 75 percent increase in 30 days. Ethereum's return to a near US$700 p...Read full newsRead More
Gold mining earnings for Q1 remained moderate yet ETFs managed to stay in the green.Read full newsRead More