Recent News

Nickel-copper-cobalt find vaults Vancouver junior to top of TSX-V ranking

February 25, 2018 / www.mining.com

Garibaldi Resources Corp. (TSX-V:GGI), a Vancouver-based explorer with projects in British Columbia and Mexico, topped the TSX Venture Exchange's Top 50 rankings in 2017 with a 2,351% year-over-year gain in market value in 2017.More than 150,000,000 of Garabaldi's shares were traded throughout the year, while its share prices appreciated 1,722% over the course of 2017. The Venture 50 ranking is ba...Read More

Nickel-copper-cobalt find vaults Vancouver junior to top of TSX-V ranking

February 25, 2018 / www.mining.com

Garibaldi Resources Corp. (TSX-V:GGI), a Vancouver-based explorer with projects in British Columbia and Mexico, topped the TSX Venture Exchange's Top 50 rankings in 2017 with a 2,351% year-over-year gain in market value in 2017.More than 150,000,000 of Garabaldi shares were traded throughout the year, while its share price appreciated 1,722% over the course of 2017. The Venture 50 ranking is based...Read More

North Korea condemns sanctions, but seen open to talks with U.S.

February 25, 2018 / www.kitco.com

SEOUL (Reuters) - Senior officials from Pyongyang visiting South Korea on Sunday said North Korea was open to talks with the United States, hours after it accused Washington of trying to stir up conflict on the peninsula with new sanctions.In Pyeongchang for the closing ceremony of the Winter Olympics, the visiting delegation also said developments in relations between the two Koreas and between N...Read More

Markets Fret Over Federal Reserve's Approach Under New Chair Powell

February 25, 2018 / www.kitco.com

NEW YORK (Reuters) - Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire.Federal Reserve chair Jerome Powell has said little about the sharp fall in Wall Street stocks this month, besides offering the platitude at his swearing-in ceremony last week that “we will remain alert to any developing risks to...Read More

Turkey's Zorlu Holding signs $4.5 bln battery deal with China's GSR Capital

February 25, 2018 / www.kitco.com

ISTANBUL, Feb 25 (Reuters) - Turkey's Zorlu Holding has signed an agreement with Chinese investment firm GSR Capital for investments in battery production totalling $4.5 billion until 2023, Zorlu's chief executive said on Sunday.In a statement, Zorlu Holding CEO Omer Yungul said Vestel , owned by Zorlu, and GSR Capital would work together to each build 50 percent of a "mega battery factory&qu...Read More

Jordan's PM reshuffles cabinet to soothe anger over poor economy

February 25, 2018 / www.kitco.com

By Suleiman Al-KhalidiAMMAN, Feb 25 (Reuters) - Jordan's Prime Minister Hani Mulki reshuffled his cabinet on Sunday and appointed the king's chief of staff as his special deputy for economic affairs in an apparent bid to soothe widespread anger over rising hardship and flagging growth.Mulki's reshuffle, his sixth since coming to power in May 2016, comes three days after hundreds of protesters in t...Read More

How Tesla and Google jets could enrich a money-losing gold miner

February 25, 2018 / www.mining.com

(Bloomberg) - Long-struggling Comstock Mining Inc. may finally have its mother lode.The penny stock gold miner - which hasn't made an annual profit in 13 years as a public company - is selling a 98-acre patch of land next to the Silver Springs Airport outside Reno, Nevada. Located near Tesla Inc.'s gigafactory, the desert runway is seeing more traffic and attention from developers now that the El...Read More

UPDATE 2-Saudi January inflation jumps to 3.0 pct on VAT, gasoline price hike

February 25, 2018 / www.kitco.com

* Inflation boosted by austerity steps to rein in budget deficit* Food and beverage, transport prices soar* Consumer basket change makes comparisons difficult* But analyst estimates inflation under old basket hit 6 percent* Further rises possible in coming months (Adds 6 percent estimate for inflation with old basket)By Andrew TorchiaDUBAI, Feb 25 (Reuters) - Saudi Arabia's annual consumer price i...Read More

Burkina Faso seeks new partner for $1 billion manganese project

February 25, 2018 / www.mining.com

(Bloomberg) - Burkina Faso is looking for a new partner to mine the world's largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1 billion project.Pan African Minerals, a unit of Timis Mining Corp., was told to stop production at the Tambao mine in 2015 following a change in leadership in the West African nation. The company then petitioned the Internation...Read More

Burkina Faso seeks new partner for $1 billion manganese project

February 25, 2018 / www.mining.com

(Bloomberg) - Burkina Faso is looking for a new partner to mine the world's largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1 billion project.Pan African Minerals, a unit of Timis Mining Corp., was told to stop production at the Tambao mine in 2015 following a change in leadership in the West African nation. The company then petitioned the Internation...Read More

First Abu Dhabi Bank eyes entering Saudi market in 2018

February 25, 2018 / www.kitco.com

ABU DHABI, Feb 25 (Reuters) - First Abu Dhabi Bank , the largest bank in the United Arab Emirates, expects to enter Saudi Arabia's banking market in 2018, a senior executive said on Sunday.The bank has applied for a commercial banking licence in the kingdom, Karim Karoui, the bank's group head of subsidiaries, strategy and transformation, told reporters.FAB, created by last year's merger between N...Read More

Saudi developer Dar Al Arkan meets bond investors for non-deal roadshow -sources

February 25, 2018 / www.kitco.com

By Davide BarbusciaDUBAI, Feb 25 (Reuters) - Saudi Arabian real estate developer Dar Al Arkan met fixed income investors last week for a so-called non-deal roadshow, discussions that were not linked to any specific plan for a bond issue, sources familiar with the matter said.Dar Al Arkan , which issued $500 million of Islamic bonds last April, held the meetings to update investors on the company's...Read More

RPT-Wall St Weekahead-Markets fret over Federal Reserve's approach under new chair Powell

February 25, 2018 / www.kitco.com

(Repeats Feb 23 item with no change to text)By Trevor HunnicuttNEW YORK, Feb 23 (Reuters) - Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire.Federal Reserve chair Jerome Powell has said little about the sharp fall in Wall Street stocks this month, besides offering the platitude at his swearing-in ceremon...Read More

Saudi January inflation jumps to 3.0 pct on VAT, gasoline price hike

February 25, 2018 / www.kitco.com

DUBAI, Feb 25 (Reuters) - Saudi Arabia's annual consumer price inflation rate jumped to 3.0 percent in January after the government introduced a 5 percent value-added tax and hiked domestic gasoline prices, official data showed on Sunday.The statistics agency changed the base year for the consumer price index to 2013 from 2007 last month and adjusted the basket of goods and services, making direct...Read More

Pure Gold Mining : Intersects 26.4 g/t Gold Over 12.7 Metres at Madsen

February 25, 2018 / dlvr.it

Pure Gold Mining Inc. is pleased to announce that underground drilling continues to confirm mineralization within the mineral resource and expand the mineralized zones at its 100% owned Madsen Gold... | f?vrier 14,2018Read full newsRead More

UPDATE 1-South Africa's NUM union says 1,722 jobs to go at Evander Gold Mine

February 25, 2018 / www.kitco.com

(Adds detail, background)JOHANNESBURG, Feb 25 (Reuters) - South Africa's National Union of Mineworkers (NUM) on Sunday said that Pan African Resources would cut 1,722 jobs at its Evander Gold Mine in the country's Mpumalanga province. The NUM said the company, which has a total workforce of 1,812 people at the mine, informed the union that the job cuts were due to deteriorating and inadequate inf...Read More

MIDEAST STOCKS-Gulf rises on strong oil, global markets

February 25, 2018 / www.kitco.com

DUBAI, Feb 25 (Reuters) - Gulf stock markets rose in early trade on Sunday in response to gains in global bourses and oil prices at the end of last week, with Saudi Arabian petrochemicals in particular climbing because of Brent crude oil's rebound to the $67 a barrel level.The Saudi stock index added 0.3 percent in the first half-hour with 13 of 14 petrochemical stocks rising.Saudi Kayan Petrochem...Read More

New Chicago radio station mining gold from rap classics

February 25, 2018 / dlvr.it

Exclusively playing hip-hop and R&B music from the mid-1990s to the early-2000s, JAMS (formerly K-Hits) has infiltrated the FM dial and found immediate success like few new Chicago radio stations before it.Read full newsRead More

Newmont Mining poised for growth in gold sector

February 25, 2018 / dlvr.it

Newmont Mining Corp laid out plans on Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world's largest bullion producer in 2018.Read full newsRead More

Gold Mine with Good Prospects in Cuban Camag? 1/4 ey Province

February 25, 2018 / dlvr.it

Camag? 1/4 ey, Feb 20 (Prensa Latina) The mines Chrome Camag? 1/4 ey, Gold Jacinto and Golden Hill are today vital fields in the exploitation of minerals rich in silver and gold, under the management of Enterprise Geominera Camag? 1/4 ey, in this central-eastern Cuban region.Read full newsRead More

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