Shares in Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, were hit hard on Wednesday after the owner of the shipyard where the company's support vessel is being made said it had cancelled the contract with the supplier chosen by Nautilus to build its ships.Fujian Mawei Shipbuilding's decision came as the supplier chosen by Nautilus to build its ships failed to pay t...Read More
A Canadian gold mining company has agreed to help clean up South Dakota's most contaminated industrial site.Read full newsRead More
* ECB focus on long-dated debt keeps euro zone curves flat* German state NRW set to be first to benefit, preps 50-year bond* Most euro zone yields flat on quiet day* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds graphic, size of NRW bond sale, updates prices)By Abhinav RamnarayanLONDON, July 4 (Reuters) - The gap between short- and long-term euro zone borrowing costs was near its...Read More
BERLIN (Reuters) - German Chancellor Angela Merkel defended on Wednesday a deal on tightening immigration controls from attacks directed by both her Social Democrat coalition partners and the far-right opposition.The left criticized Merkel’s plan, sealed at the weekend with her Bavarian conservative allies, as being too draconian while the anti-immigration Alternative for Germany (AfD) party...Read More
SHANGHAI/BEIJING (Reuters) - Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd (0700.HK).CMC Inc, one half of the CMC media empire that spans from sports to amusement parks, said the A-round fundraising was led by the two Ch...Read More
By Anita Rachman JAKARTA, Indonesia-Indonesia said Wednesday it had granted U.S. mining giant Freeport McMoRan Inc. a one-month extension to continue work at one of the world's largest copper mines while the two parties move closer to a deal that will give Jakarta control of the venture. Bambang Gatot Ariyono, director general for coal and minerals, said the government expected to conclude negot...Read More
A Canadian gold mining company has agreed to help clean up South Dakota's most contaminated industrial site.Read full newsRead More
July 4 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Wednesday as Brent oil prices made gains following a second successive weekly decline in U.S. crude inventories.The drop was caused by an outage at Syncrude Canada's oil sands facility near Fort McMurray, Alberta, which supplies to the U.S. The outage is expected to last through July.September futures on the S&...Read More
MEXICO CITY (Reuters) - Oil and gas contracts awarded under the Mexican government’s energy reform will be respected by the incoming administration provided no problems emerge in a revision of the process, the man designated to run the finance ministry said on Wednesday.Leftist Andres Manuel Lopez Obrador won Sunday’s vote by a landslide and Carlos Urzua, his choice for finance ministe...Read More
(Kitco News)- Rising inflation fears could be the reason why gold is notdoing better with the U.S. and China on the brink of a full-fledged trade war,according to the chief economist at CME Group.Although U.S. investors have a small reprieve from trade-wartalks as markets are closed in celebration of Independence Day, many arewaiting to see what will happen after the holiday. Friday is the U.S.gov...Read More
BEIJING (Reuters) - China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday.A person with knowledge of the plan earlier told Reuters China’s threatened tariffs on $34 billion of U.S. goods would take effect from the beginning of the day on Friday. Given the 12-hour time...Read More
(Kitco News) - Rising inflation fears could be the reason why gold is not doing better with the U.S. and China on the brink of a full-fledged trade war, according to the chief economist at CME Group.Although U.S. investors have a small reprieve from trade-war talks as markets are closed in celebration of Independence Day, many are waiting to see what will happen after the holiday. Friday is the U....Read More
• Overnight rebound supported by the USD retracement/weaker US bond yields. • A modest USD uptick/stability in European equities seemed to cap additional gains. Gold built on previous session's goodish rebound from 6-1/2 month lows and continued gaining positive traction for the second consecutive session. The recent US Dollar corrective slid...Read More
Cenovus Energy's blockbuster acquisition of oilsands assets last year from ConocoPhillips has propelled the company into the highest ranks of Canadian oil production.The company is now number three in terms of production volume, after Canadian Natural Resources and Suncor Energy, according to data from the 2018 Oilweek Top 100, sponsored by KPMG.Cenovus Energy doubled its production in May 2017 a...Read More
Cenovus Energy's blockbuster acquisition of oilsands assets last year from ConocoPhillips has propelled the company into the highest ranks of Canadian oil production.The company is now number three in terms of production volume, after Canadian Natural Resources and Suncor Energy, according to data from the 2018 Oilweek Top 100, sponsored by KPMG.Cenovus Energy doubled its production in May 2017 a...Read More
MEXICO CITY (Reuters) - Mexico’s ruling Institutional Revolutionary Party, or PRI, was one of the most successful brands in 20th-century politics, but a record defeat in Sunday’s presidential election has left its future hanging in the balance.Pushed into third place with its worst-ever showing, the PRI candidate Jose Antonio Meade won just over 16 percent of the vote, less than a thir...Read More
BEIJING/BRUSSELS (Reuters) - Foreign ministers from China, France, Germany, Britain and Russia will meet with Iranian officials on Friday in Vienna to discuss how to keep a 2015 nuclear accord alive after U.S. President Donald Trump abandoned the pact in May.The EU's foreign policy chief Federica Mogherini confirmed the meeting in a statement on Wednesday after Iranian state news agency IRNA annou...Read More
Mr. Dan Stuart reportsJUGGERNAUT COMMENCES 2018 SURFACE EXPLORATION PROGRAMJuggernaut Exploration Ltd. has initiated its surface exploration programs on both its Empire and Midas properties in preparation for the inaugural drilling program.On the Midas property the program has been designed to test the King Solomon zone high-grade bedrock gold and polymetallic mineralization that was defined durin...Read More
Mr. Dan Stuart reportsJUGGERNAUT COMMENCES 2018 SURFACE EXPLORATION PROGRAMJuggernaut Exploration Ltd. has initiated its surface exploration programs on both its Empire and Midas properties in preparation for the inaugural drilling program.On the Midas property the program has been designed to test the King Solomon zone high-grade bedrock gold and polymetallic mineralization that was defined durin...Read More
LONDON (Reuters) - British Prime Minister Theresa May said welfare minister Esther McVey will correct a statement to parliament after McVey was accused of making misleading remarks about problems with the roll-out of a controversial welfare reform.“It is very clear that ministers should correct the record in parliament, and the welfare secretary will be correcting the record,” May told...Read More