OZ will offer A$0.085 (US$0.066) cash and 0.009 of an OZ share for every Avanco share held, valuing Avanco at $0.17 per share, a whopping 120% premium to Avanco's closing price on Monday. Read More
(IDEX Online) - Firestone Diamonds plc posted a small decline on the year in its net loss to $7.8 million in the first half of its 2018 year ended 31 December 2017 from $8.8 million in the year-earlier period. Commercial production commenced at Liqhobong on 1 July 2017. The miner reported that the average price per carat in the period was $74. Revenue was $26 million. It recovered 37...Read More
JOHANNESBURG – A female employee was crushed to death when she fell onto a conveyer belt at De Beer's Venetia diamond mine in Limpopo, police said on Monday.Spokespeson Brigadier Motjafela Mojapelo said the incident happened on Sunday.Advertisement''The conveyer belt ultimately dragged her into a stone scrubber where her body was found trapped between the rocks with mul...Read More
March 27 (Reuters) - Vedanta Resources Plc VED.L said on Tuesday its India unit Vedanta Ltd's VDAN.NS copper smelting operations at Thootukudi, in the southern state of Tamil Nadu (NS:TNNP), will be closed for about 15 days as part of a maintenance shutdown.The news of the maintenance activity, which Vedanta said was earlier scheduled for April, comes amid local media reports that thousands had...Read More
SHANGHAI, Mar 27 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs concerns of a trade war eased, the US dollar index fell to a five-week low overnight and hovered around 89.Most base metals rebounded as bearish sentiments improved. SHFE zinc rose over 1%, while copper and nickel fell. After the slump last week and the sharp growth...Read More
(IDEX Online) - Get-Diamonds, the official B2B e-commerce platform of the Israeli diamond industry, has signed an official partnership agreement with Rock & Trade, a diamond website especially for Chinese jewelers and suppliers. Through this agreement all goods offered on Get-Diamonds will automatically be offered on the Chinese language site. The Israel-based Rock & Trade...Read More
VANCOUVER (miningweekly.com) – The Gahcho Kué diamond mine, in Canada’s Northwest Territories, has demonstrated strong cash flow generating capabilities over the operation’s first two commercially active financial quarters.Toronto-based miner Mountain Province Diamonds on Monday stressed that 2017 was a milestone year for the company, as it made a shift from development to...Read More
* European markets open higher, S&P futures extend gains* Reports China and U.S. quietly working to avoid trade war* Currency investors dump dollar and yen, snap up euros (Adds European markets)By Tom PfeifferLONDON, March 27 (Reuters) - Stock markets jumped and the dollar fell on Tuesday as reports that the United States and China were negotiating to avert a trade war whetted investors' appet...Read More
SHANGHAI, Mar 27 (SMM) –Copper: Copper prices fell at a slower pace overnight and are likely to inch up today as the US dollar softened and concerns of a trade war eased. LME copper is expected to trade at $6,610-6,670/mt today. The SHFE 1805 contract is seen trading at 48,800-49,300 yuan/mt with ample supply and sluggish demand. Spot discounts are seen at 210-140 yuan/mt.Aluminium: LME alum...Read More
(Kitco News) - Gold might be sharing some of its magic allure with the struggling sister metal, silver, said the head of commodity strategy at Saxo Bank, adding that there is a growing demand for safe investment options that are cheaper than gold.If gold manages to break above its resistance at $1375 an ounce, silver can benefit, said Ole Hansen in a note on Tuesday.“The current rally may he...Read More
(IDEX Online) - ALROSA's Supervisory Board in the course of absentee voting that took place on 21 March 2018 has considered and recognized the advisability of increasing share of ALROSA in share capital of PJSC Alrosa Nyurba up to 97.49 per cent. Currently, ALROSA owns 87.48 per cent of Alrosa Nyurba's shares, 10 per cent belong to the JSC RIK-Plus owned by the Republic of Sakha (...Read More
Investing.com - Gold prices backed away from five-week highs on Tuesday as the dollar pushed higher and risk appetite was revived by hopes that the threat of a trade war between the U.S. and China could be averted.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange slipped $3.4 or 0.26% to $1,351.70 a troy ounce by 04:40 AM ET (08:40 GMT).The U.S. dollar index...Read More
Aluminium:...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published...Read More
In addition to this, a labour dispute at First Quantum Minerals' (CN:FM) Cobre Panama mine in Panama has been resolved, Chile's state-owned miner Codelco has reached an agreement with workers at its Ministro Hales mine and BHP (AU:BHP) has contacted the union at Escondida for early labour negotiations.Read More
Suresh Withana from Harmony Capital, the investment manager for Adamas Finance Asia (LON:ADAM), discusses with Proactive their first investment - a 'patient empowerment' company called DocDoc.He says the private company helps people find the best medical specialists available."DocDoc has signed up two major insurance companies so their policyholders will be able to use its service whenever they ne...Read More
* Asia shares track Wall St rebound, Nikkei up over 2 pct* European markets seen opening higher, S&P futures extend gains* Reports China and U.S. quietly working to avoid trade war* Currency investors dump dollar and yen, snap up eurosBy Wayne ColeSYDNEY, March 27 (Reuters) - Asian share markets sprang higher on Tuesday as reports of behind-the-scenes talks between the United States and China...Read More
(Kitco News) - Investors are breathing a sigh of relief after Monday’s across-the-board 2% rally in equity markets, but one Canadian bank warned that technical indicators don’t support higher prices in the long term.“Distribution forces appear more dominant as global equities are showing negative reversals below technical support levels on heavier volume,” Sid Mokharti, tec...Read More
SHANGHAI, Mar 27 (SMM) – Nonferrous metals saw mixed trading on Tuesday March 27. SHFE nickel and tin dipped while zinc gained 1.4%. SHFE aluminium and lead rose close to 1%, and copper inched up.Among ferrous metals, coke closed 0.7% lower. Rebar rose over 2%, hot-rolled coil gained 1.6%, iron ore and coking coal edged up about 1%.Copper: The SHFE 1805 contract mostly traded above moving av...Read More
SHANGHAI, Mar 27 (SMM) – Nonferrous metals saw mixed trading on Tuesday March 27. SHFE nickel and tin dipped while zinc gained 1.4%. SHFE aluminium and lead rose close to 1%, and copper inched up.Among ferrous metals, coke closed 0.7% lower. Rebar rose over 2%, hot-rolled coil gained 1.6%, iron ore and coking coal edged up about 1%.Copper: The SHFE 1805 contract mostly traded above moving av...Read More
Trade war worries continue to weigh...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More