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
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
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
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 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
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index suffered a particularly hard correction as stocks around the world suffered their first major correction in the last year. The Index stumbled 43.23 points or 3.3%.The Index's new support levels are 1252 and 1242. Resistance is at 1270 and 1278.Our...Read More
Technical analyst Clive Maund charts a company developing a gold mine on Fiji.Read full newsRead More
DENVER (AP) - Crumbling mine tunnels awash with polluted waters perforate the Colorado mountains, and scientists may one day send robots creeping through the pitch-black passages to study the mysterious currents that sometimes burst to the surface with devastating effects.Read full newsRead More
These companies glittered more brightly than their peers.Read full newsRead More
Marlin Gold Mining Ltd (TSXV:MLN), a metals and mining company based in Canada, received a lot of attention from a substantial price increase on the TSXV over the last fewRead More...Read full newsRead More
The South African workers had been stuck since Wednesday, when a power cut stopped the lifts.Read full newsRead More
All of the nearly 1000 miners trapped in the Sibanye-Stillwater's Beatrix gold mine in South Africa due to a power outage were brought back to the surface.Read full newsRead More
SHANGHAI, Feb 5 (SMM) –Copper: Better-than-expected nonfarm payrolls in the US boosted the dollar but we expect the greenback to be weaker in the longer term, which is bullish for copper prices. While weaker physical consumption in the near term could drag down copper prices, a major Chinese fund has long positions further down the curve. We see SHFE copper firmly supported at the 52,500-53,...Read More
SHANGHAI, Feb 5 (SMM) –Copper: Better-than-expected nonfarm payrolls in the US boosted the dollar but we expect the greenback to be weaker in the longer term, which is bullish for copper prices. While weaker physical consumption in the near term could drag down copper prices, a major Chinese fund has long positions further down the curve. We see SHFE copper firmly supported at the 52,500-53,...Read More
SHANGHAI, Feb 5 (SMM) –Copper: Better-than-expected nonfarm payrolls in the US boosted the dollar but we expect the greenback to be weaker in the longer term, which is bullish for copper prices. While weaker physical consumption in the near term could drag down copper prices, a major Chinese fund has long positions further down the curve. We see SHFE copper firmly supported at the 52,500-53,...Read More
Outgoing Fed chair says feels 'great' about economy's strengthFinal-hour move at central bank a growth ban on Wells FargoJanet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 13, 2017. Federal Reserve officials followed through on an expected interest-rat...Read More
Price trends in the global steel billet market were mixed in the week ended Friday February 2 with pricing moving in different directions in the various markets.In Southeast Asia, the market was bullish because of reduced availability of the material, with Chinese suppliers out of the export market and offers of India-origin billet being scarce due to the strength of the country's domestic long st...Read More
Price trends in the global steel billet market were mixed in the week ended Friday February 2 with pricing moving in different directions in the various markets.In Southeast Asia, the market was bullish because of reduced availability of the material, with Chinese suppliers out of the export market and offers of India-origin billet being scarce due to the strength of the country's domestic long st...Read More
TSX: CDVwww.cardinalresources.com.au Mr. Archie Koimtsidis reports:West Perth, WA / February 5, 2018 / JMN Wire / Cardinal Resources Limited (ASX: CDV) ("Cardinal" or "the Company") is pleased to announce results of its Preliminary Economic Assessment ("PEA", NI 43?EUR?101) / Scoping Study ("SS", JORC 2012) for the Namdini Gold Project ("Namdini") in Ghana, West Africa.HighlightsThe PEA confirms N...Read More
Framatome is the best partner for Lightbridge for developing, licensing and commercialising nuclear fuel assemblies based on its technology, the company's president and CEO Seth Grae told World Nuclear News. Speaking shortly after the companies announced their Enfission joint venture, he said they intend Enfission to become a major player in the international nuclear industry.The Enfission joint v...Read More