* U.S. sanctions against Iran oil exports start next week* U.S. to temporarily allow 8 importers to keep buying Iran oil* OPEC, Russia, U.S. oil supply rising, filling inventories* GRAPHIC-Top 3 crude oil production: https://tmsnrt.rs/2Rua0R8 (Adds settlement prices, CFTC data, Trump tweet)By Devika Krishna KumarNEW YORK, Nov 2 (Reuters) - Oil prices fell about 1 percent on Friday and notched a we...Read More
Nov 2 (Reuters) - Punjab National Bank (PNB) PNBK.NS reported a third straight quarterly loss on Friday, as India's second-largest state lender by assets set aside more money to account for a massive fraud.Net loss came in at 45.32 billion rupees ($622.74 million) for the three months ended Sept. 30, compared with a profit of 5.61 billion rupees a year earlier, the bank said in a statement https...Read More
Investing.com - Gold prices were higher on Friday as the U.S. dollar inched down, despite a better-than-expected jobs report.Comex gold futures for December delivery rose 0.11% to $1,237.40 a troy ounce as of 10:33 AM ET (14:33 GMT).Gold was higher due to a fall in the greenback. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched d...Read More
* U.S.-China trade deal hopes trigger risk rally* Emerging market shares head for best day since early 2016* Europe higher with Germany's DAX leading the charge* Hong Kong, Korean markets have best day in seven years* U.S. jobs data comes in strong* Dollar steadies, sterling builds on strongest day of the year* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, Nov 2 (Reu...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 on track for best week in nearly 2 years* Burberry , miners boosted by hopes of end to U.S.-China row* JPM China fund up 10 percentBy Josephine MasonLONDON, Nov 2 (Reuters) - UK shares bounced for a fourth session on Friday as mining and luxury goods stocks led a rally amid growing optimism about a Brexit deal and...Read More
* US - China trade deal hopes triggers strong risk rally* Emerging market shares head for best day since early 2016* Europe opens higher with Germany's DAX leading the charge* Hong Kong, Korean markets have best day in seven years* U.S. jobs data next key test for rising bond yields* Dollar dips, Sterling builds on strongest day of the year* Metals rally on better China sentiment* Graphic: World F...Read More
Nov 2 (Reuters) - Aluminium producer Hindalco Industries Ltd HALC.NS posted a 21.4 pct decline in Sept-quarter net profit on Friday, dragged down by rising input costs, but marginally beat estimate.Standalone profit after tax came in at 3.09 billion rupees ($42.50 million) in the second quarter, compared with 3.93 billion rupees a year earlier, Hindalco said analysts on an average had expected t...Read More
Regulus Resources' (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at $0.90 before tumbling to $0.59 in mid-afternoon trading.The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system i...Read More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More
LUSAKA, Nov 2 - Power supply to some mines in Africa's second-biggest copper producer was cut due to a technical fault, Zambian state power firm Zesco said on Friday."We had a system disturbance which led to loss of power on the Copperbelt, including the mines," the utility's spokesman Henry Kapata said."We are investigating the cause of the disturbance. Power restoration has started but it will b...Read More
Cardero Resource Corp. (TSXV: CDU) announced today that it has completed the acquisition of an undivided 100% interest in the Zonia copper deposit, originally owned by Redstone Resources Corp.The Zonia Copper Oxide Project, located in central Arizona, has been held under private ownership for almost 100 years and has undergone comprehensive exploration, metallurgical studies and mine development p...Read More
* Fall extends hefty October losses for Brent, WTI* Signs of rising supplies ahead of Iran sanctions* Benchmark prices continue weakness from October* U.S. crude hits lowest level since April (New throughout, adds settlement prices, new quotes)By David GaffenNEW YORK, Nov 1 (Reuters) - Oil fell nearly 3 percent on Thursday, with U.S. crude futures hitting lows not seen since April, due to growing...Read More
NEW DELHI, Nov 1 (Reuters) - India is likely to announce new steps to support small and medium-sized businesses, such as increased access to credit and financial markets, at an industry event on Nov. 2, the finance ministry said in a tweet.Prime Minister Narendra Modi will launch a programme to support the businesses in New Delhi on Friday, the finance ministry said.Modi's government is pushing th...Read More
* Tepid start to November* IT sector hit by firm rupee* Yes Bank top gainer on NSE, closes up 8.5 pctNov 1 (Reuters) - Indian shares ended little changed on Thursday as losses in IT stocks, pressured by a strong rupee, marginally outweighed gains in the financial sector.The broader NSE index .NSEI ended 0.06 percent lower at 10,380.45, while the benchmark BSE index .BSESN closed mostly flat at 3...Read More
* China's U.S. scrap copper imports down 80 y/y pct in Sept* Shipments from Japan increase to fill void* Surging alumina exports head to Iceland, IndiaBy Tom DalyBEIJING, Nov 1 (Reuters) - Chinese imports of scrap metal from the United States fell in September, according to customs data on Thursday, spelling out the impact of tariffs imposed by Beijing, while India and Iceland benefited from a boo...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipPolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithium The company said the recently expanded property footprint suggested a "vast mineralised system" following mapping,...Read More
Reconnaissance exploration at the Kirus and Jempe targets at Aurania Resources' (TSXV: ARU); US-OTC: AUIAF) Lost Cities - Cutucu project in Ecuador, has returned grab samples of rock with copper grades of 4% to 7% and silver grades ranging from 20 to 79 grams per tonne.The discoveries are about 20 km apart and were made during exploration of the magnetic targets identified from a geophysical surv...Read More
Chinese imports of scrap metal from the United States fell in September, according to customs data on Thursday, spelling out the impact of tariffs imposed by Beijing, while India and Iceland benefited from a boom in Chinese alumina exports.China's General Administration of Customs said in a statement posted on its website on Thursday that it was making available to the public monthly data on the i...Read More
Top global miner BHP on Thursday said it would buy back shares and pay a special dividend to return $10.4 billion to shareholders, sticking to a promise to hand back all of the proceeds from the sale of its U.S. shale business.Investors cheered the massive return and the split between a $5.2 billion off-market buyback and a $5.2 billion special dividend, sending BHP's Australian shares up as much...Read More
From 1996 until 2010, Zone 87 at the Troilus mine in Quebec was responsible for the majority of the 2 million ounces of gold and 70,000 tonnes of copper that was produced at the open-pit mining operation.The Z87 pit ultimately ran 350 metres deep and had a strike length of about 900 metres.Now junior explorer Troilus Gold (TSXV: TLG) is trying to bring that zone and others on its property back i...Read More