Colin Patterson, chief executive of Bluebird Merchant Ventures (LON:BMV) introduces Proactive to their mine development projects in South Korea.Paterson says the flagship Gubong mine has all the hallmarks of being a company maker for them - the 'jewel in the crown' as he describes it.''It has 120 kilometres of underground development ... it's the second biggest gold mine in Korea''. Meet Med...Read More
The shares of software concern NetApp Inc. (NASDAQ:NTAP) are higher today, as analysts wax optimistic on the stock ahead of the company's earnings release tomorrow night. Loop Capital and BofA-Merrill Lynch both upgraded NTAP stock to "buy," with the latter lifting its price target to $74 from $63 -- territory not charted since early 2001, and representing a premium of 26% to the equity's current...Read More
Feb 14 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,855.90 35.20 NZX 50**8,122.22 63.160DJIA24,491.21-110.06 NIKKEI**21,244.68-137.94Nasdaq6,971.577-10.39FTSE**7,168.01 -9.05S&P 500 2,648.36 -7.64 Hang Seng** 29,839.53379.90SPI 200 Fut 5,793.00 0.00STI** 3,415.07 30.09SSEC**3,185.60 31.47 KOSPI** 2,395.19 9.81--------------------------------------------------------...Read More
* Indexes down: Dow 0.48 pct, S&P 0.30 pct, Nasdaq 0.18 pct* U.S. consumer prices and retail sales data due Wednesday* Market rout not impacting economic outlook - Fed's Mester* Under Armour climbs after posting upbeat revenue (Updates prices)By Sruthi ShankarFeb 13 (Reuters) - U.S. stock indexes fell on Tuesday, undoing two strong days of gains that have settled some investor nerves ahead of...Read More
Paul Gazzard, non-executive director at Amur Minerals Corp (LON:AMC), tells Proactive they've agreed a US$10mln convertible loan facility with a consortium of investors arranged by Riverfort Global Capital.The convertible loan consists of three advances with the initial advance of US$4 million to be drawn down by the company on 14 February. Meet Medusa Mining, Cora Gold, Group Eleven Resourc...Read More
MEXICO CITY, Feb 13 (Reuters) - Mexican markets held steady on Tuesday, with investors awaiting U.S. inflation data that could shine a light on the possible next steps of the U.S. Federal Reserve Bank's monetary policy and future appetite for emerging market assets. In New York, Wall Street's main indexes fell for the first time in three sessions on Tuesday as caution crept in ahead of crucial dat...Read More
Mick Billing, chairman of Thor Mining PLC (LON:THR) tells Proactive the Kapunda copper project in South Australia, in which they've got a significant interest, is now estimated to contain 119,000 tonnes of copper.The new inferred resource, commissioned by Environmental Copper Recovery SA Pty Ltd and by Terramin Australia (ASX:TZN) relates to the part of the resource that is recoverable by way of i...Read More
Gold upside faces resistance near $1,330. USD-weakness fuelling the up move. US CPI next risk event. The ounce troy of the precious metal is extending the weekly upside and is now testing the $1,330 region, or daily highs. Gold in 4-day tops The offered stance around the greenback is pushing Bullion to test fresh multi-day tops around $1,330 on Tuesday, area coincident with the 10-day sma. The U...Read More
NEW YORK, Feb 13 (Reuters) - The share of investors holding longer-dated U.S. Treasuries equal to their benchmarks rose to its highest in about four months following last week's market turmoil, JPMorgan Chase & Co's latest client survey showed on Tuesday.Benchmark 10-year Treasury yields hit a four-year high of 2.902 percent on Monday on concerns about rising inflation and increased borrowing...Read More
Key Change That Nobody Talks AboutLast week, everyone focused on the stock market sell-off. Reasonably enough, given the pace of the declines. But the analysts failed to pay enough attention to the very important shift. That change may be more important than Trump's victory in the presidential election. Will the critical switch make gold shine - or dull?Three Important Legacies of Yellen's Fed Ten...Read More
MOSCOW, Feb 13 (Reuters) - Russia's Finance Ministry said on Tuesday it would offer 44.26 billion roubles($766.49 million) worth of OFZ treasury bonds at two auctions on Wednesday.The ministry said it would offer 24.26 billion roubles of OFZs maturing in 2033 and 20 billion roubles of OFZs maturing in 2024 . ($1 = 57.7440 roubles) (Reporting by Polina Nikolskaya; Editing by) Disclaimer: The views...Read More
FRANKFURT, Feb 13 (Reuters) - A European parliamentarian from Chancellor Angela Merkel's centre-right Christian Democratic Union (CDU) is leading the race for a job as one of Germany's top banking supervisors, Manager Magazin reported on Tuesday.Burkhard Balz is the favourite to replace Andreas Dombret, the Bundesbank's board member in charge of overseeing banks, when he steps down in April, the m...Read More
BERLIN, Feb 13 (Reuters) - A new German government will not change its policy regarding Britain's looming departure from the European Union, an official said after Chancellor Angela Merkel's conservatives and the Social Democrats (SPD) reached a coalition deal last week.The conservatives and centre-left SPD have agreed they want to renew their 2013-2017 "grand coalition". The SPD's 464,0...Read More
* LME/ShFE arb: * LME tin stocks down 67 percent since Feb last year* Traders watching large holding of LME tin warrants (Adds closing prices)By Pratima DesaiLONDON, Feb 13 (Reuters) - Tin prices rose towards recent one-year peaks on Tuesday, boosted by worries about tighter supplies after data showed falling exports from Indonesia and a weaker dollar, which lifted all base metals on the London Me...Read More
(Bloomberg) - Robert Mugabe's fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner - and former England cricketer - Phil Edmonds.Groves is preparing to relist the pair's Zimbabwe coal, chrome and gold assets in London through the reverse takeover of a cash shell, or dormant company. He sees the ascent to the...Read More
(Bloomberg) - Robert Mugabe's fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner - and former England cricketer - Phil Edmonds.Groves is preparing to relist the pair's Zimbabwe coal, chrome and gold assets in London through the reverse takeover of a cash shell, or dormant company. He sees the ascent to the...Read More
LONDON, Feb 13 (Reuters) - * British wheat exports slowed in December and are running well behind last season's pace, according to customs data.* Exports for the month totalled 24,566 tonnes, down from the prior month's 53,539 tonnes.* Cumulative exports for the season, which started on July 1, 2017, totalled 272,479 tonnes, sharply down from 1.07 million tonnes during the same period a year earli...Read More
NEW YORK, Feb 13 (Reuters) - The U.S. Treasury Department on Tuesday sold $50 billion of one-month debt at a lower interest rate following last week's federal budget agreement that included a suspension of the debt ceiling into March 2019.The Treasury sold the latest one-month bill issue at an interest rate of 1.360 percent, which was below the "high" rate of 1.480 percent at last week's...Read More
After two days of big stock market gains, the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) have swung lower today -- though both were off their session lows at last check. The negative session comes as key Fed officials weigh in on interest rates ahead of tomorrow's highly anticipated inflation data. While Fed Chair Jerome Powell said the central bank "will remain alert to any develo...Read More
ULAANBAATAR, Feb 13 (Reuters) - Mongolia will not put a cap on immigration in 2018, authorities said on Tuesday, after lawmakers rejected new policy proposals that set to put tough restrictions on the numbers of foreign workers in the remote north Asian nation.Some members of Mongolia's parliament sought to limit the number of new resident permits granted to foreign or stateless people to 100 per...Read More