South African mines that are on care and maintenance are bad for the economy and the issue is being raised with the Minerals Council, Mineral Resources Minister Gwede Mantashe said.The Department of Minerals and Energy has been to 11 mining areas to obtain feedback on the mining charter, Mantashe said at the opening of Sasol Ltd.'s Shondoni Colliery in Secunda in Mpumalanga province.The government...Read More
South African mines that are on care and maintenance are bad for the economy and the issue is being raised with the Minerals Council, Mineral Resources Minister Gwede Mantashe said.The Department of Minerals and Energy has been to 11 mining areas to obtain feedback on the mining charter, Mantashe said at the opening of Sasol Ltd.'s Shondoni Colliery in Secunda in Mpumalanga province.The government...Read More
* Federal Reserve June minutes due at 1800 GMT * Spot gold may retrace to support at $1,248/oz - technicals * Dollar falls to one-week low (Adds comment on platinum, updates prices)By Eric OnstadLONDON, July 5 (Reuters) - Gold drifted lower on Thursdaydespite a weaker dollar as investors worried that U.S. FederalReserve minutes would highlight the prospect of further ratehikes. Spot gold was down...Read More
How should investors read bearish technical signals?How might the tone of central banks and currencies impact gold?What is the price outlook for gold? Gold recently formed a bearish technical signal called a "death cross pattern," leaving some investors fearful that the price has nowhere to go but down. Bart Melek, Global Head of Commodity Strategy, TD Securities, explains how central bank signals...Read More
Petra Diamonds (LON:PDL) climbed on Thursday after the miner said it had sold its stake in the Kimberley Ekapa Mining joint venture to its namesake partner, Ekapa Mining, for about 300 million rand ($22 million).London-listed shares in the South African diamond producer, which have more than halved in the last two years, jumped 3.64% to 55.45 pence by 1:42 PM local time.Sale will allow Petra to f...Read More
Petra Diamonds (LON:PDL) climbed on Thursday after the miner said it had sold its stake in the Kimberley Ekapa Mining joint venture to its namesake partner, Ekapa Mining, for about 300 million rand ($22 million).London-listed shares in the South African diamond producer, which have more than halved in the last two years, jumped 3.64% to 55.45 pence by 1:42 PM local time.Sale will allow Petra to f...Read More
Vancouver, BC - Bankers Cobalt Corp. (TSXV: BANC) (OTCQB:NDENF) (the "Corporation" or "Bankers"), is pleased to provide an update on exploration activities in the Democratic Republic of Congo ("DRC").Grant Dempsey, President and COO of Bankers, stated: "In line with Bankers aggressive exploration approach, we intend to simultaneously drill on three concessions being the Kankutu, Kabolela, and 2...Read More
Buy Boogie Nights - https://goo.gl/VJ2YBCDirk Diggler Documentary with deleted scenes---This video may contain aspects of a preexisting, already copyrighted work used in completely new or unexpected ways. This material is being made available within this transformative or derivative work for the purpose of education, commentary and criticism, is being distributed without profit, and is believed to...Read More
SHANGHAI, Jul 5 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched down and hovered around 94.5 as markets remained wary over the China-US trade war ahead of tariffs implementation.Most LME and SHFE base metals dropped. LME zinc and lead fell over 2%, copper and nickel lost over 1%, tin inched down, while aluminium went...Read More
(Updates prices, writes through)* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Trade worries weigh on MSCI AC World Index* Yuan steadies after Chinese central bank moves* Copper hits 9-month low* Dollar index unchanged, euro edges lower* European chipmaker stocks hitBy Ritvik CarvalhoLONDON, July 4 (Reuters) - World stocks were flat on Wednesday amid growing anxiety ahead of Washingto...Read More
Investing.com - Gold prices were at a one-week high on Wednesday as the U.S. dollar weakened.Comex gold futures for August delivery increased 0.36% to $1,258.00 a troy ounce as of 9:55 AM ET (13:55 GMT).Trading volumes are expected to remain thin throughout the day, as U.S. investors celebrate Independence Day.Gold was bolstered by a weaker U.S. dollar. Gold normally rises as the dollar falls, as...Read More
(Refiles to make headline read "Stocks" instead of "Stock")* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Trade worries weigh on MSCI AC World Index* Yuan steadies after Chinese central bank moves* Copper hits 9-month low* Dollar index unchanged, euro edges lower* European chipmaker stocks hitBy Ritvik CarvalhoLONDON, July 4 (Reuters) - World stocks treaded water on Wednesday amid gro...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* MSCI AC World Index falls on trade worries* Yuan steadies after Chinese central bank moves* Copper hits 9-month low* Dollar index unchanged, euro edges lower* European chipmaker stocks hitBy Ritvik CarvalhoLONDON, July 4 (Reuters) - World stocks were dragged lower on Wednesday by growing anxiety ahead of Washington's end of week deadline...Read More
(Adds company news items and futures)July 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 15 points lower at 7,578 on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.10 percent ahead of the cash market open.* SAINSBURY'S: Sainsbury 's SBRY.L , Britain's second biggest supermarket group which agreed a 7.3 billion pound ($9.7 billion) takeover of rival Asda WMT....Read More
July 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 15 points lower at 7,578 on Wednesday, according to financial bookmakers.* BP: BP BP.L and ConocoPhillips (NYSE:COP) COP.N announced on Tuesday a swap deal that will see the British oil giant increase its stake in a major North Sea development while its U.S. peer will grow in Alaska. GLENCORE: U.S. authorities have demanded Glenc...Read More
* Asian shares near 9-month low, Nikkei down 0.7 pct* Falls in U.S. tech shares heighten worries* Yuan bounces back after PBOC's movesBy Hideyuki SanoTOKYO, July 4 (Reuters) - Asian stocks slipped on Wednesday on the spectre of a Sino-U.S. trade war ahead of an end-of-week deadline for U.S. tariffs on $34 billion worth of Chinese imports while the yuan stabilised after China's central bank moved t...Read More
Investors of Cameco Corp. (TSX:CCO)(NYSE:CCJ) know the massive potential that the uranium producer holds, particularly over the long term.Cameco has endured nearly a decade of depressed uranium prices and demand, stemming from the earthquake and subsequent tsunami that damaged the Fukushima reactor in Japan back in 2011. Uranium prices hovered near US$60 per pound prior to the incident, nearly thr...Read More
When you look at technology companies on the Canadian stock market, the first thing you notice is that there aren't as many big ones as there should be. Indeed, tech accounts for a fraction of the total worth of the TSX. Granted, tech on the TSX totals $193 billion, but not only is that divided among 421 entities, it's also nowhere near the TSX's combined value of $2.2841 trillion.However, tech se...Read More
In 2018, markets have seen their fair share of volatility and year-to-date (YTD), the TSX has posted flat returns. Despite this, there have been some significant outperformers hitting new 52-week highs.Let's take a look at one of those companies, Wheaten Precious Metals Corp. (TSX:WPM)(NYSE:WPM). Formerly called Silver Wheaten, the company's name change was precipitated by a metal diversification...Read More