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RT @renew_economy: Tesla to build 250MW "virtual power plant" in South Australia

February 05, 2018 / fb.me

South Australia unveils plans to build 250MW "virtual power plant", linking household rooftop solar and battery storage, in what it says will be world's biggest. It will involve 5...Read full newsRead More

RT @ken_kfwatson: That's a lot of lithium - Nissan to invest $9 billion in China to boost sales over 5 Years

February 05, 2018 / www.bloomberg.com

Nissan Motor Co. intends to spend 1 trillion yen ($9 billion) over five years in China as it vies to become the largest global electrified vehicle maker in the country.Read full newsRead More

Standard Chartered: ETP Gold Holdings Pick Up In January

February 05, 2018 / www.kitco.com

Inflows ofgold into physically backed exchange-traded products hit 32 tonnes in Januaryafter a lackluster fourth quarter, when holdings rose by a modest 10 tonnes,says Standard Chartered. “ETP inflows since the start of 2017 are at profitablelevels; only if prices fall below $1,200/oz do almost 250 tonnes becomeloss-making, which is not our base-case scenario,” the bank says in a resea...Read More

Gold Holding In Face Of Equity Meltdown

February 05, 2018 / www.kitco.com

(Kitco News) - The sell-off in equities gained momentum overnight as globalinvestors stewed over the weekend following Friday’s carnage. The market wasalready stretched and the rise in the yield curve and a hawkish Fed was thecatalyst that created the sell-off. Metals reacted as in past equity marketsell-offs, with investors initially raising cash to meet margins and pick up perceived value....Read More

Gold Holding In Face Of Equity Meltdown

February 05, 2018 / www.kitco.com

(Kitco News) - The sell-off in equities gained momentum overnight as global investors stewed over the weekend following Friday’s carnage. The market was already stretched and the rise in the yield curve and a hawkish Fed was the catalyst that created the sell-off. Metals reacted as in past equity market sell-offs, with investors initially raising cash to meet margins and pick up perceived va...Read More

Gold, Silver See Modest Gains As World Stock Markets Tumble

February 05, 2018 / www.kitco.com

(Kitco News) - Gold and silver markets are modestly higher in early U.S. trading Monday, on a bitof safe-haven demand as world equity markets are under strong selling pressure.A stabilized U.S. dollar index is limiting the upside in the precious metalsmarkets early this week. April Comex gold futures were last up $2.30 an ounceat $1,339.70. March Comex silver was last up $0.116 at $16.825 an ounce...Read More

Bitcoin Daily Chart Alert - Prices at 2.5-Mo. Low; Blood-Letting Continues - Feb 5

February 05, 2018 / www.kitco.com

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

Gold consolidates post-NFP slide to over 2-week lows

February 05, 2018 / www.fxstreet.com

   •  Subdued USD demand lends some support.   •  Risk-off mood provides an additional boost.   •  Fed rate hike prospects to cap strong gains. Gold consolidated Friday's downfall to over 2-week lows and was seen oscillating in a narrow trading band around the $1330 region.  Friday's robust US jobs data raised prospects of at...Read More

Don't Ignore Gold Yet; Russia Isn't

February 05, 2018 / www.kitco.com

(Kitco News) - While some have been shying awayfrom the gold market, with prices seeing their biggest daily decline in twomonths Friday, one country is paying close attention to the precious metal --Russia.According to Shae Russell, leadeditor of Markets & Money, the country’s path to increasing its goldreserves is something that shouldn’t be ignored.“Even though the precious...Read More

Congo's Gecamines to rework contracts with foreign partners

February 05, 2018 / www.mining.com

The Democratic Republic of Congo's state-owned miner, G?(C)camines, is seeking to take advantage of the country's new mining code and revise contracts with its international partners, as it claims the old rules meant foreign firms benefitted more from the country's riches than local producers.The company, which is heavily indebted and has consistently failed to meet production targets as of late,...Read More

Congo's Gecamines to rework contracts with foreign partners

February 05, 2018 / www.mining.com

The Democratic Republic of Congo's state-owned miner, G?(C)camines, is seeking to take advantage of the country's new mining code and revise contracts with its international partners, as it claims the old rules meant foreign firms benefitted more from the country's riches than local producers.The company, which is heavily indebted and has consistently failed to meet production targets as of late,...Read More

Congo's Gecamines to rework contracts with foreign partners

February 05, 2018 / www.mining.com

The Democratic Republic of Congo's state-owned miner, G?(C)camines, is seeking to take advantage of the country's new mining code and revise contracts with its international partners, as it claims the old rules meant foreign firms benefitted more from the country's riches than local producers.The company, which is heavily indebted and has consistently failed to meet production targets as of late,...Read More

Adamera Minerals starts drilling at SE-01

February 05, 2018 / www.stockwatch.com

Mr. Mark Kolebaba reportsADAMERA STARTS DRILLING THE SE-01 VTEM TARGETAdamera Minerals Corp. has begun drilling on the SE-01 targets, the first of a number of gold targets recently approved for drilling by the U.S. Forest Service (see news release dated Jan. 29, 2018).The target is located approximately four kilometres from the Kettle River gold mill in Washington State. The SE-01 target was init...Read More

Adamera Minerals starts drilling at SE-01

February 05, 2018 / www.stockwatch.com

Mr. Mark Kolebaba reportsADAMERA STARTS DRILLING THE SE-01 VTEM TARGETAdamera Minerals Corp. has begun drilling on the SE-01 targets, the first of a number of gold targets recently approved for drilling by the U.S. Forest Service (see news release dated Jan. 29, 2018).The target is located approximately four kilometres from the Kettle River gold mill in Washington State. The SE-01 target was init...Read More

Pile-of-cash dilemma for mining industry once crippled by slump

February 05, 2018 / www.mining.com

Three years after a commodity slump left their finances in shambles, mining companies are swimming in so much cash that investors aren't sure where the industry will spend it all.With metals from zinc to palladium trading at multi-year highs, four of the world's top producers generated combined free cash flow last year of about $87 million a day. Some of the unprecedented windfall is earmarked for...Read More

Pile-of-cash dilemma for mining industry once crippled by slump

February 05, 2018 / www.mining.com

Three years after a commodity slump left their finances in shambles, mining companies are swimming in so much cash that investors aren't sure where the industry will spend it all.With metals from zinc to palladium trading at multi-year highs, four of the world's top producers generated combined free cash flow last year of about $87 million a day. Some of the unprecedented windfall is earmarked for...Read More

Randgold doubles dividend as CEO charges against DRC mining code

February 05, 2018 / www.mining.com

Africa-focused gold producer Randgold Resources (LON:RSS) has doubled its full-year dividend after solid 2017 results, but it's warning the good times may be over soon as it's now facing demanding new regulations in Congo, one of its key jurisdictions.The company, which has five operating gold mines across west and central Africa, boosted shareholder payout by 100% to $2 a share, after a year of...Read More

Randgold doubles dividend as CEO charges against DRC mining code

February 05, 2018 / www.mining.com

Africa-focused gold producer Randgold Resources (LON:RSS) has doubled its full-year dividend after solid 2017 results, but it's warning the good times may be over soon as it's now facing demanding new regulations in Congo, one of its key jurisdictions.The company, which has five operating gold mines across west and central Africa, boosted shareholder payout by 100% to $2 a share, after a year of...Read More

Randgold doubles dividend as CEO charges against DRC mining code

February 05, 2018 / www.mining.com

Africa-focused gold producer Randgold Resources (LON:RSS) has doubled its full-year dividend after solid 2017 results, but it's warning the good times may be over soon as it's now facing demanding new regulations in Congo, one of its key jurisdictions.The company, which has five operating gold mines across west and central Africa, boosted shareholder payout by 100% to $2 a share, after a year of...Read More

A third of S.Africa miners say no new investments in 2018 - survey

February 05, 2018 / www.mining.com

A third of South Africa's largest mining companies are not considering any new investments in the sector in 2018 while one of them may even decide to pull out of the country, according to an industry survey published by the Chamber of Mines on Monday.The mining sector in the world's top platinum producer has in recent years been laid low by soaring wage and power costs, depressed prices, violent s...Read More

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