(Adds quotes, background)LUSAKA, March 24 (Reuters) - Indian mining company Vedanta Resources VED.L said on Friday it will invest $1 billion in its Zambian mining unit Konkola Copper Mines (KCM), creating 7,000 jobs.Vedanta announced the investment after a meeting between its Chairman Anil Agrawal and Zambian President Edgar Lungu.Vedanta has a majority stake in KCM and has said the mine could p...Read More
LUSAKA, March 24 (Reuters) - Indian mining company Vedanta Resources VED.L said on Friday it will invest $1 billion in Zambia's Konkola Copper Mines (KCM), which it sees having the potential to produce the metal for another 50 years.Vedanta has a majority stake in KCM.The investment, which is expected to create 7,000 jobs, was announced after a meeting between Zambian President Edgar Lungu and V...Read More
Investing.com - Gold prices slipped lower on Friday, as the U.S. dollar regained some strength ahead of a highly-anticipated vote on U.S. President Donald Trump's healthcare bill.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.28% at $1,243.85, just off the previous session's three-week high of $1.253,15.The April contract ended Thursday's ses...Read More
(Adds company news items, futures)March 24 (Reuters) - Britain's FTSE 100 futures FFIc1 were flat ahead of the cash market open on Friday.* SMITHS GROUP: British engineering firm Smiths Group SMIN.L stuck to its full-year outlook as growth in its detection unit, which makes security sensors, offset declines in other areas of its business and boosted first-half profit. LAMPRELL: Oil-rig builder L...Read More
March 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,347 on Friday, according to financial bookmakers.* RBS: State-backed Royal Bank of Scotland RBS.L said on Thursday it planned to close about 180 bank branches in Britain and Ireland and about 1,000 roles were at risk in the latest round of cuts and closures at the lender. EXPERIAN: The Consumer Financial Protectio...Read More
Description As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth. This Copper Long Term Outlook report provides a detailed breakdown of g...Read More
Description This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved. For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making. Our analysts are based in the markets they analyse and work with...Read More
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#MTI75Myth Tv India????????????????? 3/4 ??o??? ??,?????,??? ??...??(R)??EUR??? ???????????u?? 3/4 ???World's 10 Richest Families HindiEdited & Voice by:Wishal Kumar (http://www.facebook.com/wishalkumar)Written By:Mohd. Monis (https://www.facebook.com/monis.shameem1)Please Subscribe mYth Tv India:https://goo.gl/rCcko0Like mYth Tv India on Facebook:https://www.facebook.com/mythtvteamcheck out my a...Read More
In New York on Thursday copper for delivery in May was trading slightly higher at $2.6375 per pound or $5,817 a tonne with mixed news on disruptions at the world's biggest mines pulling the metal in different directions. Copper is holding onto modest gains year to date, but is down more than 6.5% since hitting 20-month highs mid-February.Copper has been buoyed by a strike at BHP Billiton's Escondi...Read More
When Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) closed the sale of its Castle-Blackrock claim block interest in Nevada to Columbus Gold in February, Seabridge Chairman and CEO Rudi Fronk noted that "the sale is part of a continuing program of divesting non-core assets in order to focus resources on core holdings, including the KSM and Iskut projects and the Snowstorm project."Iskut was acquired wh...Read More
Talks between striking workers at Escondida copper mine in Chile and majority owner and operator BHP Billiton (ASX, NYSE:BHP) (LON:BLT), ended Thursday with the parts failing to reach a deal and the main union choosing to return to work.The labour action at the world's largest copper mine, which finished today after 43 days, became the longest private-sector mining strike in Chile's history, loc...Read More
African Queen Mines Ltd. (TSX.V: AQ, Frankfurt: QM0.F) is advancing their flagship Yellowjacket gold project that covers an aggregate of approximately 291.54 sq. km in Atlin area, British Columbia and has a fully permitted past producing mine. We learned from Irwin Olian, CEO of African Queen Mines, how they bought the property in 2015 for a very favorable price, which gives them tremendous upside...Read More
How do you find the best stocks to invest in the resource / mining sector? This is how my friends and I do it.We go to Ceo.ca (which you have heard about many times on this channel).These are some of the highlights of the tool - whether it's used on a PC /Computer or the Ceo.ca app. We keep informed on each of our stocks by simply subscribing to the stocks and being notified of news, opinions, and...Read More
According to a new report by private capital tracker Preqin, overall fundraising for natural resources investment actually declined declined by a fifth in 2016 to the lowest since 2012 despite the turnaround in the industry experienced last year.Coming off a record 2015, 74 funds raised a total of $60bn in 2016 for investment in natural resources, which includes metals and mining, water, timberlan...Read More
At PDAC 2017, Adrian Day, founder and president of Adrian Day Asset Management spoke to a packed room about his outlook for gold under President Trump. After his talk at the conference, Mr. Day shared his insights with us on the positive and negative effects of Trump's policies on the stock market and the US economy as a whole. In this interview, he gives us his reasons why he thinks the time t...Read More
RJK Explorations Ltd. (TSXV: RJX.A) is a Canadian mineral exploration company, with a solid focus on gold, having properties located in Ontario and British Columbia. RJK's advanced Maude Lake Gold property, in Ontario has had over $11 million worth of exploration expenditures, including over 49,000 metres of drilling, pre-stripping for an open-pit, and underground development, utilizing a decline...Read More
Iconic Minerals Ltd. (TSX?EUR'V: ICM; OTC: BVTEF; FSE: YQGB) is an exploration company focused on acquiring and exploring precious metal and Lithium projects in North America, primarily in Nevada, USA. We learned from Richard Kern, President and CEO of Iconic Minerals, they have accumulated very significant gold as well as lithium projects. The Bonnie Claire Sarcobatus Valley lithium property, loc...Read More
Goldcorp Inc. (TSX: G, NYSE: GG) is a leading gold producer, focused on responsible mining practices and delivering long-term value with safe, low-cost production from a high-quality portfolio of mines throughout the Americas. We learned from Todd White, the COO of Goldcorp, the company set up a very exciting "20/20/20" strategy over the next five-year period: to achieve 20% growth in production,...Read More