Four miners have died, three remain stuck underground and two are still missing at one of Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) gold mines in South Africa following a quake caused a fall of ground Thursday, trapping a total of 13 workers.Two more quakes were felt Friday near the Masakhane mine, part of the company's Driefontein operations, where three of the workers remained trapped and two u...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
BEIJING/MELBOURNE (Reuters) - The North American unit of a Chinese customs inspection firm said it would suspend checks on cargoes of scrap metal from the United States for a month from Friday, effectively halting all imports of U.S. scrap.The suspension comes amid a broad crackdown on pollution in China and stricter regulation around waste imports. It poses a serious headache for China’s sc...Read More
The light iron scrap market in the United Kingdom was steady for a fourth week in the week to Friday May 4, with a steady fall in sterling against the dollar in the past fortnight enough to shore up support for prices, industry sources told Metal Bulletin.Market sentiment suggests a potential increase in export demand for British steel scrap because of moves in the dollar-pound exchange rate, whic...Read More
Golden Rim, which started this week with an enterprise value of less than A$10 million, reported Kouri contained 20.8 million tonnes grading 1.5 grams per tonne from surface to 90m depth.Read More
SHANGHAI, May 4 (SMM) – Nonferrous metals futures saw mixed trading on Friday May 4 with SHFE zinc leading the loss with a dip of nearly 2%. Nickel fell almost 1%, while copper, aluminium, lead, and tin inched up.The ferrous complex saw iron ore dropping over 1%. Rebar lost nearly 1%, and hot-rolled coil slid almost 0.7%. Coke and coking coal went up slightly.Copper: The SHFE 1807 contract c...Read More
* Dalian exchange allows foreign investors to trade iron ore* Volume in most-active contract slightly above April average* Second Chinese commodity opened to overseas traders after oil* China to open more markets to expand influence - official (Adds Glencore and Trafigura carrying out first trades)By Muyu Xu and Manolo Serapio JrDALIAN/MANILA, May 4 (Reuters) - China plans to open more of its fu...Read More
Stephen Wicks, Inland Homes Plc's (LON:INL) chief executive, explains how the builder intends to double the number of houses it builds by targeting partnerships with housing associations.Unlike London, it has not been affected by the slowdown and is seeing good demand for its ?325,000 price bracket properties."We have a nice niche market" says Wicks and the growth opportunity is outstanding. &nbs...Read More
By Rachel Louise Ensign and Liz Hoffman This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 4, 2018). AJ Murphy, the head of Bank of America Corp.'s capital-markets business and one of the most senior women on Wall Street, is leaving the firm to join private-equity giant Silver Lake, a...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
BEIJING/MELBOURNE (Reuters) - The North American unit of a Chinese customs inspection firm said it would suspend checks on cargoes of scrap metal from the United States for a month from Friday, effectively halting all imports of U.S. scrap.The suspension comes amid a broad crackdown on pollution in China and stricter regulation around waste imports. It poses a serious headache for China’s sc...Read More
Investing.com - Gold prices moved lower in early morning European trade on Friday as investors looked ahead to the U.S. employment report for April and a slightly stronger dollar weighed on the precious metal. Comex gold futures dropped $3.00, or 0.23%, at $1,309.70 a troy ounce by 4:30AM ET (8:30GMT). Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a trade-...Read More
China's domestic rebar prices were flat on Friday May 4 as buyer interest waned ahead of the weekend. Domestic Eastern China (Shanghai): 4,060-4,100 yuan ($639-645) per tonne, unchangedNorthern China (Beijing): 3,910-3,940 yuan per tonne, unchangedTrading activity slowed down ahead of the weekend, particularly as many end users had already supplemented their inventories.Futures stayed be...Read More
SHANGHAI, May 4 (SMM) – SMM assessed imported clean copper concentrate treatment charges (TCs) at $71-78/mt on Friday May 4, with the average up $0.5/mt from a week ago.Smelters slowed down stockpiling this week as most have procured sufficient cargoes for the second quarter, SMM learned. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on...Read More
Peter Dasler, president of CanAlaska Uranium Ltd (CVE:CVV) caught up with Andrew Scott while in London to present at the Proactive Mining Capital event .As part of a wide-ranging discussion, Dasler discusses recent results from Cameco drilling at the West McArthur project in the Athabasca basin as well as the decision to acquire a third nickel-cobalt project in the Thompson Nickel Belt. Meet...Read More
We could be heading for a golden age - or a return to the 1970sBy John Stepek of Money WeekThe cost to the US government of borrowing money for a decade came within sniffing distance of 3% yesterday.The US ten-year Treasury yield is sitting at 2.96% as I write this morning, having got to 2.99% yesterday.Does this really matter? After all, 3% is just another number.On the one hand, you'd be righ...Read More
The funds will also be used for preliminary evaluations and metallurgical studies of other projects and for general working capital.The placement involved 21.6 million shares at an issue price of C185c per share, with no warrants issued. The company said insiders acquired $2.2 million of the private placement.Namibia Rare Earths is accelerating the development of the Lofdal rare earths project in...Read More
* LME/ShFE arb:* GRAPHIC-2018 asset returns: (Adds official midday prices, details)By Maytaal AngelLONDON, May 4 (Reuters) - Zinc prices hit their lowest inalmost nine months on Friday, the only base metal to trade innegative territory as investors expect a narrowing of the globalmarket deficit.Three month London Metal Exchange zinc was last biddown 1.1 percent at $2,975 a tonne in official midday...Read More
The DIVA Museum, an institution created with the idea of highlighting the story behind some of the world's most beautiful diamonds, opened today in Antwerp, the capital city of the Flemish province of the same name located in northern Belgium. Antwerp is known for being home to silversmiths, jewellers and diamond dealers since the sixteenth century, and this new 850 m ?- museum tries to showcase h...Read More