BUENOS AIRES (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday that U.S. tariff actions are “not about protectionism” but about defending American interests against unfair trade practices.Mnuchin told a news conference at the end of a trade-dominated meeting of G20 finance ministers and central bank governors here that President Donald Trump was not afraid of a trade w...Read More

(Reuters) - U.S. stocks edged up on Tuesday as higher oil prices buoyed the energy sector, but another slump in Facebook Inc (FB.O) shares curbed gains.Oil prices rose more than 2 percent to touch a three-week high, driven by tensions in the Middle East and the possibility of further declines in Venezuelan crude output.Those gains helped the S&P energy index .SPNY up 0.95 percent, making it ea...Read More

BUENOS AIRES (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday that U.S. tariff actions are “not about protectionism” but about defending American interests against unfair trade practices.Mnuchin told a news conference at the end of a trade-dominated meeting of G20 finance ministers and central bank governors here that President Donald Trump was not afraid of a trade w...Read More

NEW YORK (Reuters) - The dollar rose to a nearly three-week high against a basket of major currencies on Tuesday, as investors awaited clues from the Federal Reserve on its outlook for the U.S. economy and how many interest rate increases it may embark on in 2018.The futures market implied traders widely expected Fed policymakers would raise key borrowing costs by a quarter point to a target range...Read More

SAN FRANCISCO (Reuters) - Shares of Facebook (FB.O), Twitter (TWTR.N) and Snapchat-owner Snap (SNAP.N) fell further on Tuesday as Wall Street fretted over potential regulatory scrutiny that could hobble the business of the social networks.Facebook lost 4.75 percent after it said it faced questions from the U.S. Federal Trade Commission about how its users’ personal data was mined by a politi...Read More

Ferrum Crescent Ltd's (LON:FCR) executive director Laurence Read talks to Proactive about plans to raise ?1mln to advance its Toral project in northern Spain and a name change to Europa Metals Limited.The funds will be used in three distinct stages, with a drilling programme to start in the summer to look for additional metal along the current strike.A scoping study is also planned to get a rough...Read More

The likes of Glencore, Randgold, Zijin, China Moly and Ivanhoe appear to have been blindsided by Congo's determination to push through a new mining code that substantially increases the cost of doing business in the central African nation.Lobbying of President Joseph Kabila (who insisted that the CEOs personally show up in Kinshasa for talks) that lasted six hours ended with no concessions other t...Read More

The likes of Glencore, Randgold, Zijin, China Moly and Ivanhoe appear to have been blindsided by Congo's determination to push through a new mining code that substantially increases the cost of doing business in the central African nation.Lobbying of President Joseph Kabila (who insisted that the CEOs personally show up in Kinshasa for talks) that lasted six hours ended with no concessions other t...Read More

Wealth Minerals strikes agreement over Chile lithium projectsRead full newsRead More

WASHINGTON (Reuters) - The United States will provide $2.5 million in food and medical aid to Venezuelans fleeing their economically-crippled country to neighboring Colombia and is poised to help other countries if the situation worsens, U.S. officials said on Tuesday.It is the first funding by the U.S. government’s main aid agency to help Venezuela’s neighbors deal with the influx of...Read More

Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. "Cobalt 27 is a proxy for the adoption of the EV," executive chairperson Anthony Milewski told Mining Weekly Online in an interview. "What our most recent raise tells one is that the thematic is picking up...Read More

(Bloomberg) - First Quantum Minerals Ltd. plunged the most in almost two years as the miner was hit with a $7.9 billion tax bill by Zambia, which accounts for 84 percent of its revenue.First Quantum received a letter from the Zambian Revenue Authority dated Monday "noting an assessment for import duties, penalties and interest on consumables and spare parts," it said Tuesday in a statement. "The...Read More

BRUSSELS (Reuters) - The European Union will respond to U.S. tariffs imposed on steel and aluminum in a “responsible and reasonable” way, the chairman of EU leaders said in a letter published on Tuesday.EU leaders will discuss the threat of a trade war at their summit on Thursday and Friday, by when they should know if the United States has been willing to exempt the European Union fro...Read More

WASHINGTON (Reuters) - Just months before the country’s next general election, U.S. senators said Russian cyber attacks on the voting system were unabated and called for urgent action and funding on Tuesday to help states battle foreign attempts to intervene in U.S. democracy.The Senate Intelligence Committee released its first draft recommendations on how to prevent foreign hacking of U.S....Read More

BUENOS AIRES (Reuters) - The world’s financial leaders are likely to reaffirm on Tuesday their commitment to fighting protectionism and recognize the need for “further dialogue and actions” on trade, just days before U.S. steel and aluminum tariffs are to enter into force.Finance ministers and central bankers of the world’s 20 biggest economies, the G20, have been meeting i...Read More

By Adam ClarkGlencore PLC (GLEN.LN) said on Tuesday that it intends to issue $500 million in cash-settled convertible bonds due 2025. The mining company said the net proceeds of the offering will be used for general corporate purchases. Glencore said the bonds won't carry any interest and will be issued at between 93.25% and 98.25% of their nominal value of $200,000 each. Glencore said the initial...Read More

LiDCO Group plc (LON:LID) saw its shares drop 7.5% in mid-afternoon trading to 6.1p after announcing the end of its distribution contract with Argon Medical Devices.The blood-flow monitoring company said the contract, which contributed ?1.4mln to LiDCO's overall sales in the last financial year, would end on 30 September 2018.Meanwhile, shares in GetBusy Plc (LON:GETB) fell 6.8% to 34p as the sof...Read More

In this article, I am analyzing in clear details three stable top-tier gold miners.One fundamental idea is that gold stocks are often used as a hedge, to offset losses in other asset groups.These three gold miners are suitable candidates and could be eventually accumulated for the long-term with a limited risk of an adverse financial breakout. Investment Thesis The primary challenge we all face as...Read More

Hyonhee Shin, Idrees AliSEOUL/WASHINGTON (Reuters) - The United States and South Korea will resume joint military drills next month, Seoul and Washington said on Tuesday, exercises that will go ahead despite U.S. President Donald Trump’s planned meeting with North Korean leader Kim Jong Un.Seoul and Washington said in January they would delay the annual exercises until after the Winter Olymp...Read More

KINSHASA, March 20 (Reuters) - Democratic Republic of Congo said on Tuesday it would open negotiations with mining companies on Wednesday about implementing a new mining code that hikes taxes and royalties.President Joseph Kabila signed the new code, which replaces a predecessor from 2002, earlier this month despite strong objections from industry, which said it would scare off investment and viol...Read More