TORONTO, June 21 (Reuters) - M&G Investment Management, the biggest shareholder in Dalradian Resources Inc, said on Thursday it was supportive of a friendly cash takeover offer for Dalradian from private equity group Orion Mine Finance.The C$1.47 per share offer is fair, Jamie Horvat, director of global equities at M&G, told Reuters. M&G owns 12.8 percent of Dalradian.The transaction also has the...Read More

CHAPLEAU, Ontario/LONDON, June 21 (Reuters) - Hundreds of feet below thick boreal forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in a multimillion-dollar mining experiment to ditch diesel.Goldcorp Inc is building the world's first new all-electric mine, a high-stakes gambit to replace noisy, fume-belching equipment being closely wa...Read More

NEW YORK (Reuters) - Stocks around the world fell on Thursday and the U.S. dollar slipped from a peak as investors flocked to bonds after weak economic data and on worries about a U.S.-China trade war.Oil futures were lower before an OPEC meeting expected to increase the world’s supply of crude and after a report of a large stockpile draw in the United States. [O/R]The dollar fell from an 11...Read More

Soon-to-be Dow member Walgreens Boots Alliance will also reportAs a busy and drama-fueled month winds down next week, investors will turn their eye stateside toward several big economic reports. Next week will feature a variety of inflation data and Fed speakers, but the big mover will be on Thursday, when the revised first-quarter gross domestic product (GDP) reading is unveiled. In addition, som...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday he is directing government agencies to reunite immigrant families separated after crossing into the United States from Mexico.He made the comment during a meeting with his Cabinet at the White House.Reporting by James Oliphant; Writing by Mohammad Zargham; Editing by Bill Trott Disclaimer: The views expressed in this article are...Read More

(Kitco News) - Gold prices are down and hit another six-month low in early-afternoon U.S. tradingThursday. However, prices have moved up from their daily lows. An appreciatingU.S. dollar on the foreign exchange market continues to squelch buying interestin the precious metals. However, the gold market is now short-term oversold anddue for a least a decent corrective upside bounce very soon, and pe...Read More

(Kitco News) - Gold prices are down and hit another six-month low in early-afternoon U.S. trading Thursday. However, prices have moved up from their daily lows. An appreciating U.S. dollar on the foreign exchange market continues to squelch buying interest in the precious metals. However, the gold market is now short-term oversold and due for a least a decent corrective upside bounce very soon, an...Read More

BlackBerry is scheduled to report earnings before the open tomorrowBlackBerry Ltd (NYSE:BB) is slated to report first-quarter earnings before the open tomorrow. BlackBerry stock is down 1.4% at $11.74 at last check, set for a third straight close below the 20-day moving average. The shares have struggled to gain momentum since their roughly five-year high from January, clinging to a slim year-to-...Read More

(Bloomberg) - President Donald Trump vowed to open large swaths of lands in Minnesota's remote Superior National Forest to mining, a move that could benefit a copper-nickel mine being pursued by Antofagasta Plc subsidiary Twin Metals Minnesota LLC.Speaking at a rally in Duluth, Minnesota, on Wednesday, Trump said his administration would soon be "taking the first steps" to rescind a move made in t...Read More

(Bloomberg) - President Donald Trump vowed to open large swaths of lands in Minnesota's remote Superior National Forest to mining, a move that could benefit a copper-nickel mine being pursued by Antofagasta Plc subsidiary Twin Metals Minnesota LLC.Speaking at a rally in Duluth, Minnesota, on Wednesday, Trump said his administration would soon be "taking the first steps" to rescind a move made in t...Read More

(Reuters) - U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax.Amazon declined 0.7 percent and was the top drag on the S&P and the Nasdaq.Adding to the pressure on markets was Germany’s Daimler cutting its 2018 profit forecast and BMW looking at “strategic options” due to an esca...Read More

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening of labor market conditions.Other data on Thursday showed a moderation in factory activity in the mid-Atlantic region in June amid a decline in new orders. Firms, however, continued to report overall increases in employment this month.The robust labor market,...Read More

The Dow could extend its losing streak to eight daysStocks are again falling today, and the Dow Jones Industrial Average (DJI) is in danger of an eighth straight decline. Trade war fears are weighing on names like Boeing (BA) and Caterpillar (CAT), though Intel (INTC) is the biggest blue-chip loser following the surprise departure of CEO Brian Krzanich. A broader pullback in tech shares is also dr...Read More

Philip Blenkinsop, Edward TaylorBRUSSELS/FRANKFURT (Reuters) - Mercedes-Benz maker Daimler (DAIGn.DE) shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a “tit-for-tat” trade war grew as Europe readied retaliatory tariffs against the United States.Auto stocks sank to a nine-month low on European markets .SXAP after Daimler cut its 2018 prof...Read More

Matt SpetalnickWASHINGTON (Reuters) - The missile engine test site that President Donald Trump said North Korean leader Kim Jong Un had committed to destroy is a major facility in the western part of the country that has been used for testing engines for long-range missiles, according to a U.S. official.Trump told reporters after their June 12 summit that Kim had pledged to dismantle one of his mi...Read More

LUSAKA, June 21 (Reuters) - Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price.In 2015 and 2016, Zambia experienced a critical shortage of electricity of up to 600 megawatts due poor rainfall in a...Read More

LUSAKA, June 21 (Reuters) - Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price.In 2015 and 2016, Zambia experienced a critical shortage of electricity of up to 600 megawatts due poor rainfall in a...Read More

Yawen Chen, Se Young LeeBEIJING (Reuters) - China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks”.Previous trade negotiations with the United States were constructive,...Read More

KONYA, Turkey (Reuters) - In a dusty business park in Konya, Turkey’s conservative industrial heartland, Ahmet Hakan Umit sells imported machine tools that are quickly becoming too expensive for his customers.Sales are down as much as 30 percent this year as a deep dive in the lira currency has pushed up the cost of the computerized lathes he imports from Asia.“I’m scared. Even o...Read More

Lawrence HurleyWASHINGTON (Reuters) - States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding against e-commerce companies in their high-profile fight with South Dakota.The justices, in a 5-4 ruling against Wayfair Inc, Overstock.com Inc and Newegg Inc, overturned a 1992 Supreme Court pr...Read More