Louis Coetzee, chief executive of Kibo Mining PLC (LON:KIBO) tells Proactive all is on track and good progress is being made towards finalising a Power Purchase Agreement (PPA) with Tanzania Electric Supply Company (TANESCO).''We've made some really good progress over the last two months, we signed the MoU which set everything in motion towards finalising the PPA .. we have a date set for th...Read More
BEIJING, March 16 (Reuters) - Chinese alumina refineries in Henan province may delay the restart of their plants because of rising costs for the raw material bauxite amid supply tightness, Antaike said on Friday.Alumina refineries and aluminium smelters in parts of China, including in Henan, cut production by 30 percent during the November to March heating season as part of a campaign against air...Read More
Put buying has been popular on Canadian Solar stock in recent weeksSolar stocks are in the news today, after GTM Research slashed its U.S. solar power installations forecast in the wake of President Trump's solar panel tariffs. In addition, brokerage firm UBS weighed in on several solar stocks, including initiating coverage on Canadian Solar Inc. (NASDAQ:CSIQ) with a "sell" rating and $15 price...Read More
Mining Capital's Alastair Ford discusses International Relations with Russia ahead of Presidential elections."The Russian business climate itself in miserable statistical terms isn't too badly off but I think the sentiment - will investment dollars from the rest of the world be flowing into Russia at the moment - that seems unlikely."Ford also speaks about the changing US approach to Free Trade wi...Read More
Apollo Minerals' (ASX:AON) Hugo Schumann runs Proactive through the exploration and development plans for their flagship Couflens tungsten-copper-gold Project in the South of France.''There's two opportunities here - the first is to reopen the world's highest grade tungsten mine ... and the second opportunity is gold''.''We think there's a very exciting gold opportunity along big fault systems in...Read More
Jeff Stusek, chief executive of Information Services Corp (TSE:ISV), tells Proactive 2017 was a year of strong growth for the company - with increased revenue, EBITDA (underlying earnings) and net income.He says they made a number of significant acquisitions consistent with their strategy of acquiring companies with competencies or operations in its industry.In the year to end December, the firm p...Read More
ULAANBAATAR, March 16 (Reuters) - Annual revenue from Mongolia's giant Oyu Tolgoi copper-gold mine fell 22 per cent last year, the Rio Tinto unit in charge of the project said, with construction delays leaving it unable to take full advantage of higher prices.Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year, Turquoise Hill Resources said in its 2017 fi...Read More
ULAANBAATAR, March 16 (Reuters) - Annual revenue from Mongolia's giant Oyu Tolgoi copper-gold mine fell 22 per cent last year, the Rio Tinto unit in charge of the project said, with construction delays leaving it unable to take full advantage of higher prices.Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year, Turquoise Hill Resources said in its 2017 fi...Read More
Anglo Asian Mining Plc's (LON:AAZ) Bill Morgan and Steve Westhead discuss with Proactive their three-year rolling programme of geological exploration of near mine, brownfield and greenfield areas on its ground in Azerbaijan.The objectives of the programme are to replace mined ounces, extend the current mine life at the Gedabek project to a 10-year minimum, increase the company's inventory of resou...Read More
Interest rates will be front and centre in the coming week with both the Bank of England and the US Federal Reserve due to deliver their latest monetary policy decisions, though a crunch EU summit will also be eyed for any signs of a Brexit transition deal.There would be few surprised if the Fed announces a 0.25 percentage points increase in US interest rates to the 1.5%-1.75% range on Wednesday a...Read More
The blue-chip index has erased earlier losses to trade up triple digitsThe Dow Jones Industrial Average (DJI) has traded in a 174-point range on both sides of breakeven so far today, last seen in positive territory as D.C. drama takes a backseat to a relatively upbeat round of economic data. Specifically, the University of Michigan's consumer sentiment index surged to a 14-year peak of 102 in Marc...Read More
MUMBAI/BENGALURU, March 16 (Reuters) - Weaker demand in India prompted gold dealers to offer discounts for a second week straight, as a drop in local prices to 2-week lows and a festival failed to lure buyers.Dealers in India were offering a discount of up to $3 an ounce over official domestic prices, unchanged from last week. The domestic price includes a 10 percent import tax."Since retail deman...Read More
LONDON, March 16 (Reuters) - Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday.The mining group has tried to sell the division many times without success, including in 2017, when it added two alumina refineries in Australia to the portfolio to make...Read More
(This March 14 story corrects paragraph 15 to add dropped words “not” and “whether” to show Pennsylvania has not provided funding)By Dustin VolzWASHINGTON (Reuters) - Pennsylvania’s tight congressional special election underscores the need for states to replace aging voting machines and use paper ballots as backups to ensure the integrity of vote counts ahead of pivot...Read More
(Kitco News)- After months of speculation, thebig show is almost here and for gold investors, this could be the metal’s bestshot to break out of its current range, according to some analysts.In fact, this is probably themost straight-forward weekly outlook a financial journalist could write becausethe only thing investors are watching next week is the Federal Reserve’smonetary policy m...Read More
(Kitco News) - After months of speculation, the big show is almost here and for gold investors, this could be the metal’s best shot to break out of its current range, according to some analysts.In fact, this is probably the most straight-forward weekly outlook a financial journalist could write because the only thing investors are watching next week is the Federal Reserve’s monetary po...Read More
SANTIAGO, March 16 (Reuters) - Chile's new government is evaluating whether to support a petition filed by its predecessor to block the sale of a stake in top lithium miner SQM to a Chinese firm, a senior government official told Reuters on Friday.Chile development agency Corfo filed a complaint last week to block the sale of a 32 percent stake in SQM to China's Tianqi Lithium or any related entit...Read More
Fed search for Dudley's successor narrows to a 'handful' Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not...Read More
Shares of Electronic Arts and Two-Take Interactive are trading right above historical supportVideo game companies have been thrown into the national discussion around gun violence, with industry executives recently meeting with President Trump. Still, technical traders may want to consider Electronic Arts Inc. (NASDAQ:EA) and Take-Two Interactive Software Inc (NASDAQ:TTWO), if historical data is a...Read More
When I first discovered the mining space over fifteen years ago, I became mesmerized by the extreme volatility of the junior miners. After the meteoric rise of the Nasdaq into the turn of the century had ended, the junior resource penny stocks became exciting again and lured many momentum junkies into its lair. This high-risk, high-reward sector has been accused in the past of driving investors co...Read More