PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock minerals Burns spoke with Mining Journal in a series of interviews for the title's Mining Disrupted series of reports."There are so many sexy technologies," sh...Read More
(Adds parliament approves four new ministers proposed by Rouhani)DUBAI, Oct 27 (Reuters) - Iran's parliament approved a government economic reshuffle on Saturday, days before new U.S. sanctions on Tehran's oil exports take effect, after President Hassan Rouhani said Washington was isolated among its allies in its confrontation with Iran."It does not happen often that the U.S. makes a decision...Read More
* Undermining independence "potentially catastrophic" -Acharya* He says more efforts needed towards effective RBI independence* Blocking rule-based policies dilutes RBI independence, he says* Comments come after govt efforts to trim RBI regulatory powers (Adds comments from government source, former RBI Official, also changes dateline to Saturday, and recasts headline and top)By Suvashre...Read More
* ADNOC fills up tanks with Das crude -India officials* ADNOC can resell part of oil to Indian refiners -India official* India in talks with Saudi Aramco, ADNOC to fill up Padur SPR (Adds ADNOC comment in paragraph 8)By Florence TanSINGAPORE, Oct 26 (Reuters) - The Abu Dhabi National Oil Company (ADNOC) is expected to fill up storage tanks that it has contracted from the Indian government in the f...Read More
* Global trade shows signs of slowdown, growth outlook dims* Iraq to halt Kirkuk exports to Iran, may resume to Turkey* Saudi Arabia says oil market could see oversupply* U.S. drillers add oil rigs for 3rd week -Baker Hughes (Adds CFTC data in paragraph 10)By Stephanie KellyNEW YORK, Oct 26 (Reuters) - Oil prices rose on Friday, supported by expectations that sanctions on Iran would tighten global...Read More
* NSE, BSE indexes finish at 7-month low* Indexes end week in red* Banks, IT dragOct 26 (Reuters) - Indian shares closed at a seven-month low on Friday, dragged by IT and banking stocks, in line with a worldwide sell-off amid worries over global trade and economic growth.The broader NSE index .NSEI ended 0.94 percent lower at 10,030, while the benchmark BSE index .BSESN closed down 1.01 percent at...Read More
* Airline determined to defend market share - executive* Indigo to increase capacity by 30 percent this financial year* Rivals like Jet Airways in weaker position - analystsBy Aditi Shah and Jamie FreedNEW DELHI, Oct 26 (Reuters) - India's largest domestic airline, IndiGo, will add 30 percent capacity this financial year to maintain dominance of the world's fastest growing aviation market, althoug...Read More
Investing.com - Gold prices edged higher on Friday as disappointing U.S. earnings hit Asian and European equities, sparking flight to the safe haven asset, while markets looked ahead to the latest reading of growth in the world’s largest economy.At 3:26 AM ET (7:26 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $7.70, or 0.63%, to $1...Read More
(Adds company news items and futures)Oct 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 80 points lower on Friday, according to financial bookmakers, with FTSE 100 futures .FFIc1 down 0.77 percent ahead of the cash market open.* IAG: British Airways owner IAG ICAG.L on Friday posted a small rise in quarterly profit with results that slightly beat expectations, and said profit for 20...Read More
Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a "major" discovery of gold-copper-silver mineralization at Azimut's Munischiwan property in the James Bay region.The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.8...Read More
HELSINKI, Oct 26 (Reuters) - Finnish mining technology company Outotec said on Friday that it may have to cover costs after a smelter furnace it built for a client faced problems, sending itsshares down 28 percent.Outotec which builds plants and equipment and provides services for the metal and mineral processing industries, said that it had faced problems in starting up a furnace at an i...Read More
Namibia has scrapped a requirement for companies seeking mining exploration licences to be partly owned and managed by black Namibians, the country's mining industry group said on Friday.The policy was introduced in 2015 to increase the participation of historically disadvantaged black Namibians in some of the country's most lucrative business projects, but critics said it threatened the d...Read More
Glencore Plc on Friday reported a 12% rise in copper production so far this year, while cobalt production rose 44 percent, boosted by the restart of Katanga's processing operations in the Democratic Republic of Congo.The London-listed miner and commodities trader, which posted record half-year earnings in August, said then it had been facing higher costs and weak prices for cobalt and other byprod...Read More
Lupaka Gold (TSXV: LPK) denounced today that operations its Invicta Gold Development Project, which is located some 120 kilometres north of the Peruvian capital, have been impacted by an ongoing demonstration organized by a group of residents of the nearby community of Paran.According to the Canadian miner, the protesters have blockaded the access road directly outside of the main gate of the mine...Read More
South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday it had concluded a proposed deal with Canada's Regulus Resources (TSX-V: REG), and its newly formed subsidiary Aldebaran Resources, to jointly unlock value at the Altar copper-gold project, in Argentina.The precious metal miner said it benefitted from the transaction by obtaining upfront proceeds of $15 million while retaining a d...Read More
* High crude prices, weak rupee hurting sales growth* Maruti's Q2 profit down 10 pct y/y, sales 1.5 pct lower* Q2 total revenue from operations up 3 pct (Adds company chairman, executive comments)By Aditi Shah and Arnab PaulNEW DELHI/BENGALURU, Oct 25 (Reuters) - Maruti Suzuki India MRTI.NS may find it tough to meet its 10 percent sales growth target for the current fiscal year, its chairman sai...Read More
* NSE, BSE indexes fall 1.4 pct each* Investors cautious ahead of derivatives expiry* Reliance Industries top drag, hits 3-1/2-month lowBy Chris ThomasOct 25 (Reuters) - Indian shares fell nearly 1.5 percent to a seven-month low on Thursday, joining a sell-off in global equities amid concerns about a slowdown in the world economy.Asian shares plunged after tech stocks caused the largest daily de...Read More
(Adds graphic)* India coal imports: https://tmsnrt.rs/2Pk39w9By Sudarshan VaradhanNEW DELHI, Oct 25 (Reuters) - India's thermal coal imports rose at the fastest pace in three-and-a-half years in the September quarter, spurred by new demand and domestic infrastructure bottlenecks that are threatening government plans to cut foreign supplies.Imports jumped 35 percent to 42.7 million tonnes during th...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesBHP acquired a 6% stake in SolGold last month for US$59.2 million and increased it last week to 11.2% for a further $59.2 million.Newcrest is the company's largest shareholder with...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesGlencore produced 1.1 million tonnes of copper during the period, up 12% year-on-year, and 28,500t of cobalt, a 44% increase.Katanga contributed 102,600t of copper and 6,500t of cobalt....Read More