Image: Grupo MexicoSouthern Copper Corp (NYSE:SCCO), the world's fifth largest copper producer in terms of output, has plans to increase copper production by two-thirds in just six years thanks to a raft of projects coming on stream towards the latter part of the decade.Last year the company, controlled by diversified resource and infrastructure giant Grupo Mexico, produced 906,000 tonnes of the r...Read More
Rio Tinto (ASX, LON:RIO), the world's second largest miner, delivered strong signs of a long-awaited turnaround in the industry by posting its first gain in annual profit since 2013.Higher iron ore prices boosted Rio's profit 12% to $5.1 billion last year, a significant turnaround from 2015, when it posted its worst underlying earnings in 11 years.The company, which is also the world's No. 2 iron...Read More
(Repeats with no changes to text)By Clyde RussellCAPE TOWN, Feb 8 (Reuters) - It should be a match made in heaven. Developing Africa's vast mineral resources to meet the needs of the resource-hungry economies of China and the rest of Asia.But if there is one message to take away from this week's Mining Indaba conference in Cape Town, it's that there remains a large gap between hopes and reality, a...Read More
* Euro weakens vs dollar, options show big bias for weaker euro* French bond yield spread over Germany widest since late 2012* Wall St set to dip after stocks gain in Europe and Asia* Oil falls on U.S. inventories; strikes push copper higher* Uncertainty pushes gold to three-month high* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Feb 8 (Reuters) - Political u...Read More
* European shares up 0.4 pct* Storebrand touches 9-year high on dividend* France's Vinci gains on 2017 forecasts* CAC 40 up 0.5 pct, outperforming peers (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)By Helen ReidLONDON, Feb 8 (Reuters) - European shares edged higher on Wednesday led by mining...Read More
Investing.com - Gold prices fell modestly in European morning trade on Wednesday, but remained supported close to the prior session's three-month high amid growing concerns over political risks in Europe and economic uncertainty in the U.S.Gold for April delivery on the Comex division of the New York Mercantile Exchange shed $2.70, or about 0.2%, to $1,233.35 a troy ounce by 3:00AM ET (08:00GMT),...Read More
(Adds company news items and updates futures)Feb 8 (Reuters) - Britain's FTSE 100 futures FFIc1 were up 0.11 percent ahead of the cash market open on Wednesday.* The UK blue chip index .FTSE closed up 0.2 percent at 7,186.22 points on Tuesday, boosted by a weak sterling and a surge in services company DCC DCC.L , while UK mid-caps posted a record closing level. RIO TINTO: Global miner Rio Tinto...Read More
(The opinions expressed here are those of the author, a columnist for Reuters.)By Clyde RussellCAPE TOWN, Feb 8 (Reuters) - It should be a match made in heaven. Developing Africa's vast mineral resources to meet the needs of the resource-hungry economies of China and the rest of Asia.But if there is one message to take away from this week's Mining Indaba conference in Cape Town, it's that there re...Read More
Feb 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 8 points lower on Wednesday, according to financial bookmakers.* The UK blue chip index closed up 0.2 percent at 7,186.22 points on Tuesday, boosted by a weak sterling and a surge in services company DCC DCC.L , while UK mid-caps posted a record closing level. RIO TINTO: Global miner Rio Tinto RIO.AX , RIO.L said on Wednesday it wi...Read More
CENTENNIAL, Colo., February 8, 2017 - Uranium Resources, Inc. (Nasdaq: URRE; ASX: URI), an energy metals exploration and development company, today announced that on February 8, 2017, at 8:00 a.m., URI called to order a special meeting of stockholders (the "Special Meeting"). A quorum was not reached at the Special Meeting, with 3,211,570 shares of the URI's common stock, par value $0.001 per s...Read More
US immigration order strikes against biotech ... We the undersigned, founders and leaders of biotech companies, write to express our deep concern and opposition to the executive order signed by President Donald Trump on January 27, 2017, barring the entry of citizens from seven countries into the United States. The United States is the world's greatest developer of medicines and new inventio...Read More
US immigration order strikes against biotech ... We the undersigned, founders and leaders of biotech companies, write to express our deep concern and opposition to the executive order signed by President Donald Trump on January 27, 2017, barring the entry of citizens from seven countries into the United States. The United States is the world's greatest developer of medicines and new inventio...Read More
SHANGHAI, Feb 8 (SMM) – SHFE aluminium edged up slightly while all base metals fell more than 1%. SHFE copper dropped close to 2%. The ferrous complex saw mixed trading with hot-rolled coil and iron ore up slightly while rebar and coking coal slipped.Copper: SHFE copper is expected to follow its LME counterpart lower tonight as investors cut their long bets.Aluminium: We see pressure remain...Read More
SHANGHAI, Feb 8 (SMM) – China imported 443,000 mt of unwrought copper and copper-fabricated products in January, up 16.1% from the same month last year, according to customs data.However, this was down from 450,000 mt in December 2017, marking a decline for two consecutive months. This is due to limited construction activities in the winter season as well as a high output rate at home.Separa...Read More
SHANGHAI, Feb 8 (SMM) –Copper: Lower oil prices and a stronger US dollar are bearish on base metals but we see limited downward room for copper due to expectations of tighter concentrate supply in the future. We expect LME copper to trade at $6,880-6,950/mt today and SHFE copper at 51,800-52,240 yuan/mt. As the SHFE physical delivery is around the corner, it would be difficult for spot coppe...Read More
Jayant is constantly traveling the world to look for investment opportunities, particularly in the natural resource sector. He advises institutional investors about his finds. He is a contributing editor of the Liberty magazine and has written for the Mises Institute, the Mises Institute (Canada), Casey Research, Le Qu?(C)b?(C)cois Libre, Sprott's Thoughts, LewRockwell.com, etc.The presentation to...Read More
CEO of Denison Mines, David Cates, explains where the growth in demand of uranium is coming from. Learn more about Denison ...Read More
In this episode of Hebrew Voices, How to Keep Shabbat, Nehemia Gordon discusses what it means "not kindle a fire on Shabbat", where the Rabbinic tradition of lighting "Shabbat candles" comes from, and a reminder to show grace to those who don't keep Shabbat the same way you do.Related Links and Further Study:https://www.nehemiaswall.com/how-to-k...Subscribe to my YouTube Channel!Subscribe to my Po...Read More
Gold reversed its breakdown and followed the miners higher over the past two weeks. GDXJ is leading. We update our targets and discuss Gold's performance in relative terms. TheDailyGold.comRead More