Investing.com - Gold prices pushed higher on Monday boosted by the softer dollar and in escalation in trade tensions between the U.S. and China, which underpinned safe haven demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose $8.00 or 0.6% to $1,335.3 a troy ounce by 04:39 AM ET (08:39 AM GMT).China announced Monday that it is...Read More
China implemented tariffs on a number of U.S. imports todayStock futures are signaling a negative start to the second quarter, after the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) snapped lengthy quarterly win streaks last Thursday, and the Nasdaq Composite (IXIC) logged its worst monthly loss in years. Today's focus will be back on trade and tech, after China instituted tariffs on...Read More
"Every time you get late-cycle going into the front-end of a recession, you have a massive rally in commodities."Continue...Read More
Vancouver-based Inomin Mines (TSX.V: MINE) announced today that, subject to TSXV acceptance, it will be acquiring a 100% interest in the Fleetwood zinc-copper-silver-gold property for $10,000 and 200,000 shares to CanAlaska Uranium (TSX.V: CVV).In a press release, the company explained that the 420-hectare property, located in the New Westminster Mining Division of southwestern British Columbia, h...Read More
Kazakhstan and Mongolia are expanding their cooperation in the mining sector. The two countries on 30 March signed a Memorandum of Understanding focusing on geology and development of mineral resources and civil aviation during the 7th meeting of the Intergovernmental Commission between Mongolia and Kazakhstan on Trade, Economic, Scientific and Technical Cooperation in Almaty. The intergovernmenta...Read More
Among the highlights, Orca intercepted 123m at 1.96g/t gold and 50m at 3.05g/t.The company had upped the project's resource in January to an indicated 3.05 million ounces of gold and has a feasibility study due out in May."Although the drill database had to be cut off at the end of 2017 for the purposes of our feasibility study, we are confident that ongoing drilling this year will materially incr...Read More
China's rebar prices experienced big gains on Monday April 2, especially in the domestic segment, following a surge in the billet market over the weekend.Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($589-595) per tonne, up 140-150 yuan per tonneNorthern China (Beijing): 3,780-3,800 yuan per tonne, up 60-70 yuan per tonneBillet prices rose sharply during the weekend due to strong demand, wh...Read More
Apr 2 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of March 30&31, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Aarnav Industries Pvt LtdST Bk FacCARE A3+100Reaffirmed Adani (NS:APSE) Agrifresh LtdST Bk FacCARE A3100Reaffirmed Aishwarya...Read More
Indians are hoarding their gold despite an increase in the Continue...Read More
The S&P 500 enters the week just below resistance"The books for 2017 are closed, but as we move into 2018, loyal readers of Monday Morning Outlook are fully aware that the year-end closing levels on major equity, volatility, commodity, and currency benchmarks -- along with their related exchange-traded funds (ETFs) -- could serve as key potential support and resistance levels. This could be the ca...Read More
Despite the fact that, through the enactment of new laws and regulations, local governments in Sub-Saharan Africa are starting to claim a larger share of their countries' mineral resource wealth, BMI Research believes that investments in the region will continue to rise in Q3-2018.In an industry overview published today, BMI presents the recent changes to the Democratic Republic of Congo's mining...Read More
Byrne and Archibald are confident of unearthing opportunities in the market - possibly among "underserved" juniors needing to augment existing deposits or resources.Read More
SHANGHAI, Apr 2 (SMM) – The copper spot market in Shanghai saw active transactions on Monday April 2 as discounts stood at 110-40 yuan/mt. This compared with a discount of 180-120 yuan/mt on Friday March 30. Downstream consumers started to restock for the Qingming Festival holiday this week while sellers held back, SMM learned.At noon, standard-quality copper traded at 50,050-50,19...Read More
The Chief Executive Officer of Chilean state copper company Codelco, Nelson Pizarro, confirmed rumours this weekend that he would stay on at the company's helm even after the country's new President, Sebastian Pi??era, appoints a new chairman and three directors in May.The mining veteran, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in...Read More
RAPAPORT... Alrosa failed to choose a first-place winner in itscompetition to establish a working plan for resuming operations at its Mirmine, the company said Friday. The Russian miner, which suspended activity at theunderground asset in August of last year following a flood that claimed eightlives, announced the contest this past January. Of the 33 entrants, 10 made itto the final stage and pres...Read More
Lithoquest Diamonds (TSX-V: LDI) could not be happier for having just recovered one grey and two yellow micro-diamonds from the +0.1 mm to -0.3 mm size fraction at its North Kimberley Diamond Project, located in the northern region of Western Australia.The gems were unearthed at target 0702 in the 1,000-square-kilometre property and recovered from a 10.06-kilogram rock sample submitted for kimberl...Read More
(IDEX Online) - Sarine Technologies Ltd said the court case has ended in Tel Aviv of two Indians who had tried to steal the firm's intellectual property last summer. "Further to our announcement of 23 July 2017, concerning the attempt by two Indian nationals to buy Sarine's Galaxy system's schematics, list of parts and vendors and software source code for $1,000,000, which was offered...Read More
GABORONE - Botswana's Debswana Diamond Mining said on Tuesday production jumped 11% to a three-year high in 2017 and it expects growth this year as lower taxes in the US leave consumers with more to spend on luxury goods.Debswana, a joint venture between De Beers and the southern African country's government, said yearly production rose to 22.2-million carats last year.AdvertisementSales j...Read More
SHANGHAI, Apr 2 (SMM) – China has issued nine batches of approvals for restricted solid scrap material imports this year, with approved copper scrap imports of 337,900 mt, sharply down 88% from the same number of batches in 2017, SMM learned.Taizhou Chiho was approved to import 111,000 mt of copper scrap in Batch One and Batch Nine, down 74% from the same batches of 2017. Zhejiang Judong was...Read More