According to Eagle Mountain, a two-year microscopy study of 39 rock samples suggests the Silver Mountain area has been affected by multiple mineralising events, with the study also highlighting consistent styles of mineralisation across the Pacific Horizon and Scarlett prospects.Read More
SHANGHAI, Apr 3 (SMM) – The copper spot market in Shanghai saw brisk transactions on Tuesday April 3 as premiums were offered at 30-100 yuan/mt against the SHFE 1804 contract. This compared with a discount of 110-40 yuan/mt on Monday April 2. Sellers took control of the market, while traders and downstream consumers were keen to stock for the Qingming Festival holiday, SMM learned.Standard-q...Read More
(Recasts after European open, updates levels throughout)* Main European bourses open 0.5-0.7 percent lower* Asian shares end off early lows, E-Minis rise* Dollar steadies after falling for three straight days* Oil steadies after 3.7 percent slumpBy Marc JonesLONDON, April 3 (Reuters) - World share markets struggled to regain their poise on Tuesday, with hopes pinned on a modest Wall Street recover...Read More
(Reuters) - Wall Street’s main indexes were higher on Tuesday, with the Dow Jones Industrial Average rising more than 100 points, helped by a recovery in the battered technology and consumer discretionary stocks.Amazon and Tesla, the top drags on Monday, rose, with the Dow and the S&P opening above their 200-day moving averages.The S&P 500 on Monday broke below that important level f...Read More
March was U.S. Steel stock's worst month since April 2017United States Steel Corporation (NYSE:X) stock is up 4.7%to trade at $35.83, thanks to an upgrade to "buy" from "neutral" at Citigroup. The analyst in coverage says the equity is at a good value following a recent pullback,adding they're expecting higher lows for steel prices going forward even though U.S. flat rolled steel prices are seemi...Read More
RAPAPORT... Jared The Galleria of Jewelry is launching a trade-inprogram for luxury watches at its US stores. Partnering with Crown & Caliber - an online marketplacefor pre-owned luxury timepieces - the jeweler will allow customers to exchangetheir watches for in-store credit, cash, or a new model based on a Crown &Caliber price quote, Jared said last week. Clients can do the trade-in at a...Read More
South African engineering and construction group Murray & Roberts (JSE:MUR) unveiled Tuesday it had been awarded 3.7 billion rand (about $313 million) in mining projects located in sub-Saharan Africa, North America and Australasia.The company, currently subject of a takeover bid from Germany's ATON, said the awarded underground projects included diamond, gold, copper, salt and platinum mines. It a...Read More
Pantoro has repaid all debt to Commonwealth Bank, while hedging 38,000 ounces at A$1724 per ounce (at a rate of about 2000oz per month till October 2019), in order to underwrite operating costs.Read More
Import offers for billet in Southeast Asia decreased over the past week amid sparse trading, while bids for slab have risen amid limited offers and growing demand for the product.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $540-550 per tonne cfr for the week ended Monday April 2, down $10-15 per tonne from a week earlier.Market participants said they did not...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.8 pct* Sterling strength weighs on dollar-earners* Miners rise on China data* Sky gains after Fox says could separate Sky NewsBy Kit ReesLONDON, April 3 (Reuters) - Britain's top share index declined with other European bourses at the start of the second quarter as a stronger pound weighed on its dollar-earni...Read More
European markets were under pressure Tuesday morning, as a rout in technology stocks pulled down markets around the globe, but have avoided major selloff. Wall Street futures were firmer on Tuesday after Monday's selloff that marked the worst start to April since the Great Depression, according to Bloomberg. The Dow Jones Industrial Average is expected to gain 17 points at open, futur...Read More
NAIROBI – While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach.New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining investment that shriveled under his predecessor, Robert Mugabe. So far, Mnangagw...Read More
Loop Capital slashed its price target on GME by 46%Shares of GameStop Corp. (NYSE:GME) are trading higher, despite the video game retailer receiving a downgrade from Loop Capital to "hold" from "buy," as well as a significant price-target cut to $14 from $26. The brokerage firm cited a lack of positive catalysts ahead as the reasoning behind the downgrade and 46% target reduction. At last check, G...Read More
OZ Minerals (ASX:OZL) said Tuesday it had received approval from the South Australian government to go ahead with the next phase of development its A$916 million (roughly $704m) Carrapateena copper-gold project.The Mining Lease and Environmental Protection and Biodiversity Conservation Act (EPBC) allows Oz Minerals to start this month phase two of construction at the project, one of the largest...Read More
SHANGHAI, Apr 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 90 following the release of upbeat economic data.SHFE metals saw mixed trading overnight with aluminium rising over 1%. Copper and tin inched up, while others edged down slightly.China’s Caixin/Markit manufacturing purchasing manag...Read More
RAPAPORT... The Jewelers Vigilance Committee (JVC) is releasing a seriesof new webinars to help the jewelry industry become more legally compliant. The program, which the organization announced last week,will cover four topics: sexual harassment in the workplace, understandingsynthetics, anti-money laundering requirements, and laws pertaining to privacy,data protection and cybersecurity. The firs...Read More
- Gold signs off Q1 2018 with best run since 2011- Gold price supported by safe haven demand, interest-rate concerns and inflation- Trade wars and concerns over equity market have sent investors towards gold- ETF holdings highest in nearly a decade- Goldman Sachs: 'The dislocation between the gold prices and U.S. rates is here to stay'Gold ended March with it's best performance since 2011. The s...Read More
Listen to Mining Journal and its partners discuss the findings of Mining Journal's Global Finance ReportRegister NowResearch lead Chris Cann will run through the headline findings of the report including a critical review of mining's key global stock exchanges and how they compare; the results of our comprehensive investor sentiment survey; and the conclusions drawn from interviews, surveys and da...Read More
Chinese vanadium exporters experienced increased activity over the past week, while ferro-vanadium tightness continued to bolster prices in the United States and Europe. Chinese exporters see uptick in activity levels; V2O5 offers up on limited availability European ferro-vanadium market edges upward despite slowed spot market ahead of holidaysUS ferro-vanadium market continues ascent on supply co...Read More
Investing.com - Gold prices moved lower on Tuesday, trimming some of the previous day’s gains as U.S. stock futures pointed to a recovery on Wall Street following Monday’s selloff, dampening safe haven demand for bullion.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $5.60 or 0.42% to $1,341.10 a troy ounce by 04:42 AM ET (08:42 AM GMT).Pr...Read More