22 March 2018 - De Beers Group today announced that its Forevermark diamond brand will enter the German market for the first time after signing with an exclusive licensee partner, and is in advanced-stage discussions with potential partners in France and Italy. The expansion into new European markets comes on the back of successful global performance throughout 2017 and in 2018 to date.In Germany,...Read More
(Refiles with the appropriate coding for market instruments)* MSCI Asia Pacific index down 2.45 pct, Nikkei falls 4.5 pct* Spreadbetters expect European stocks to open significantly lower* Trump moves towards China tariffs, stokes trade war fears* Dollar/yen drops below 105.00 for first time since Nov 2016* Treasury yields sharply lower amid broad risk aversion* Crude up as Saudi Arabia says outpu...Read More
BEIJING (Reuters) - China’s Defence Ministry said on Friday the United States had seriously harmed the country’s sovereignty and security after a U.S. Navy destroyer carried out a “freedom of navigation” operation in the disputed South China Sea.Provocative behavior by the United States will only cause the Chinese military to strengthen its defense capabilities, the ministr...Read More
Australia is a major investor in mining projects around the world.However, there is little easily-accessible, detailed information on such projects.Our programTo address this gap, we are offering a package of reports on 50 key Australian mining projects overseas.These are projects driven from Australia, involving an Australian mining company and (in most cases) an Australian engineering consultant...Read More
Alastair Ford from Mining Capital discusses the Fed's recent rate rise and what it means for markets.As fears of a trade war build amidst continuing threatening rhetoric and posturing on tariffs from US President Donald Trump, investors might flock to the safe haven asset of gold.Meanwhile, easing of the Indigenisation and Economic Empowerment Act in Zimbabwe is poised to deliver a boon to m...Read More
SHANGHAI, Mar 23 (SMM) – The growth rate of global copper ore output is expected to rise back to 3.3% in 2018, said SMM senior analyst Ye Jianhua. Given copper ore supplies in 2017 and price increases, the supply of copper ore in unlikely to be significantly affected in 2018, even as some 40 salary negotiations would occur at overseas miners this year.China's demand for overseas ore...Read More
It said the new name, Desert Mountain Energy, that of its full-owned US subsidiary, was more suited to its current geographical focus and future direction. The company is no longer active in Africa.African Queen recently acquired helium and oil and gas properties acquisitions in Arizona and Oklahoma. It also owns the Yellowjacket gold project in British Columbia. CEO Irwin Olian said it...Read More
* MSCI Asia Pacific index down 2.1 pct, Nikkei falls 3.5 pct* Trump moves towards China tariffs, stokes trade war fears* Dollar/yen drops below 105.00 for first time since Nov 2016* Treasury yields also sharply lower amid risk aversion* Crude up as Saudis say production curbs could last into 2019* But copper, iron ore prices drop on trade angstBy Shinichi SaoshiroTOKYO, March 23 (Reuters) - The ru...Read More
(Reuters) - Nike and energy companies led modest gains in U.S. stocks on Friday, amid lingering fears of a trade war, although a Micron-led slump in semiconductor companies kept gains in check.The Dow Jones Industrial Average was modestly higher, helped by Nike and as industrial stocks gained after a bruising day on Thursday when the United States moved to impose tariffs on up to $60 billion of Ch...Read More
De Luca joined the company less than two months ago after previously serving as Newcrest Mining's (AU:NCM) Asia Pacific regional exploration manager.As a result, she didn't know that much about conglomerate-hosted gold and she'd taken a "crash course" over the past three weeks."You really don't get a feel for the challenges this nuggetty gold presents until you're standing on the ground," De Luca...Read More
SHANGHAI, Mar 23 (SMM) – LME copper prices are set to trade in the range of $6,400-7,800/mt in 2018 while SHFE copper at 49,000-60,000 yuan/mt, according to SMM senior analyst Ye Jianhua. Prices are also expected to stay in an upward trend this year, he told delegates at the SMM Copper Aluminium Summit in Shanghai on Friday March 23. For editorial queries, please contact Daisy Ts...Read More
* MSCI Asia Pacific index down 2.4 pct, Nikkei falls 3.2 pct* Trump moves towards China tariffs, stokes trade war fears* Dollar/yen drops below 105.00 for first time since Nov 2016* Treasury yields also sharply lower amid risk aversion* Crude up as Saudis say production curbs could last into 2019By Shinichi SaoshiroTOKYO, March 23 (Reuters) - Stock markets slid and perceived havens such as governm...Read More
NEW YORK (Reuters) - Volatility in U.S. equity markets this year is pushing investors not only to invest in stocks abroad, but also to commit their money to an even more foreign place: the hands of stockpickers rather than index funds.A near decade of gains in U.S. stock prices has left investors on edge about the prospect that anything could end the party, including the prospect of interest rate...Read More
This week was certainly ripe with major events, each of which has had a direct and immediate impact on gold. However, it was the escalation of trade tariffs proposed by President Trump this week that sent gold prices dramatically higher and equity pricing to its lowest level since November 2017. An announcement by President Trump that he is proposing new tariffs to be levied against China sent shi...Read More
SHANGHAI, Mar 23 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs trade tensions between the US and China intensified overnight, the US dollar fell and hovered at 89.7.Most base metals closed lower given the simmering trade war. SHFE nickel slipped over 2%, copper dropped 1%. LME nickel slumped 2.6%, and copper, lead, zi...Read More
Prices for Brazil-origin steel slab remained unchanged this week, but the market expects there to be increases after the country was temporarily exempted from tariffs related to the Section 232 investigation on steel imports in the United States.Metal Bulletin's weekly assessment of Brazil's slab export prices was $580-590 per tonne fob on Friday March 23, stable from the previous week.Most Brazil...Read More
Following a community outcry, Aben Resources (TSX-V: ABN) and Eagle Plains Resources (TSX-V: EPL) decided to suspend their planned drill program at the Chico Gold Project, which is located 125 kilometres east of La Ronge, Saskatchewan.The program, which consists of 1,200 to 2,000 metres of drilling in some four or five holes at various locations, had all the required permits and started to be cond...Read More
WASHINGTON (Reuters) - The United States on Friday charged nine Iranians and an Iranian company with attempting to hack into hundreds of U.S. and international universities, dozens of companies and parts of the U.S. government on behalf of the Tehran government.The cyber attack pilfered more than 31 terabytes of academic data and intellectual property from 144 U.S. universities and 176 universitie...Read More
(Kitco News) - With the Federal Reserve’s latest monetary policy decision out of the way, geopolitical uncertainty and the threat of a global trade war will drive gold prices in the near-term, according to analysts.Not only did the Federal Reserve disappoint U.S. dollar bulls -- driving gold prices higher -- as it signaled only three rate hikes this year, but tit-for-tat tariffs threats betw...Read More
FTSE 100 down 30.65 ptsChina/US feud intensifiesWill EU leaders rubber-stamp Brexit transitional deal?The FTSE 100 followed other European stocks to remain in the red, as fears of a looming trade war between China and US reared its head again.The index of UK leading shares closed down 0.44% or 30.65 points at 6,921.94, firmly below the psychological 7,000 level and to a 15-month low.Banks and...Read More