(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1 pct* BoE seen keeping rates on hold* Morrisons drops despite strong update* RBS gains on special div prospectBy Danilo MasoniMILAN, Sept 13 (Reuters) - The UK's top share index edged lower on Thursday ahead of a Bank of England meeting at which interest rates are set to be kept on hold, while retailers were...Read More
Investing.com - Gold prices were steady on Thursday amid news of possible U.S.-China trade talks but were held down by a stronger U.S. dollar.Comex gold futures for December delivery rose 0.07% to $1,211.70 a troy ounce as of 5:08 AM ET (9:08 GMT).The U.S. is proposing fresh trade talks with China later this month in an effort to stave off new tariffs.U.S. President Donald Trump has threatened imp...Read More
CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V: CUU – OTC: CPFXF) is pleased to provide its shareholders an update on activities on its various projects. Highlights:The desktop studies on the Schaft Creek project are progressing, focusing in part on describing a phased development approach that t...Read More
PolarX points to upsideSPONSOREDpolarx ltd The company plans to carry out geophysics at the tenements to extend the northernmost permit area, and then a maiden drilling programme to prove mineralisation within the known structure. This work will depend on financing.It completed £2.4 million (US$3.1 million) capital raising in early August. PolarX points to upsideSPONSOREDpolarx ltd Cradle...Read More
Glencore's Mutanda Mine in the Democratic Republic of Congo produced 23.9 kilotonnes of cobalt in 2017 making Mutanda the world's biggest producer of the blue metal that is also owned by a publicly-traded company.Ranking was compiled using data from Mining Intelligence. Annual cobalt production is gathered from publicly-traded mining companies, as well as some state-owned mines. Mining complexes...Read More
TORONTO, Sept 13 (Reuters) - Canada's Lundin Mining Corp is on the hunt for copper mines and projects and willing to spend up to $3 billion on mergers and acquisitions, its incoming chief executive officer said in an interview on Thursday.But Lundin will stick with its strategy of disciplined bids and a focus on low-risk jurisdictions, Marie Inkster said at the company's Toronto head office.The ba...Read More
LIMA, Sept 13 (Reuters) - The copper mine Collahuasi in Chile is expected to produce 545,000 tonnes of copper this year, 4 percent more than in 2017, its vice president of operations, Francisco Carvajal, told journalists on the sidelines of an event in Peru on Thursday.Collahuasi, owned by Anglo American Plc and Glencore Plc, is located in northern Chile and is among the world's largest copper min...Read More
LIMA, Sept 13 (Reuters) - South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million, the company's vice president for the Americas said late on Wednesday."We're doing studies with Peruvian consulting firms and international engineering companies to extend the life of Cerro Corona until 2040," Luis Rive...Read More
Japanese trading Mitsubishi and Sumitomo are said to be interested in becoming a partner of Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) at Canada's largest diversified miner's Quebrada Blanca copper mine in northern Chile.Teck, which last month received regulatory approval for a $4.8-billion extension of the mine, has been looking for a development partner that could invest $2billion for up...Read More
By Swati BhatMUMBAI, Sept 12 (Reuters) - The Indian rupee staged a sharp recovery on Wednesday, following talk of possible fiscal and monetary steps to stabilise the currency and comments from a government official that the slide was overdone.Despite strong GDP growth, the rupee has weakened more than 11 percent to become Asia's worst performing currency this year, hit by higher oil prices and an...Read More
* India seeking extradition from UK on fraud charges* Lawyer: there is not enough evidence for extradition* Indian finance minister denies settling with Mallya (Adds date of decision, details)By Michael HoldenLONDON, Sept 12 (Reuters) - The ruling on whether Indian tycoon Vijay Mallya can be extradited from Britain to India to face fraud charges will be given on Dec. 10, a London judge said on Wed...Read More
NEW DELHI, Sept 12 (Reuters) -* Indian cabinet on Wednesday approved a policy to provide fiscal incentives for oil recovery from matured fields by implementing better techniques - Oil Minister* Indian cabinet approves raising local purchase prices of ethanol by up to 25 percent. Increased ethanol blending in petrol would help reduce import dependency and provide support to farm sector among others...Read More
Investing.com - Gold prices fell on Wednesday, as the U.S. dollar rallied and trade tensions lingered.Comex gold futures for December delivery fell 0.17% to $1,200.10 a troy ounce as of 4:54 AM ET (8:54 GMT).Investors are closely watching trade developments after U.S. President Donald Trump threatened on Friday to impose tariffs on almost all Chinese imports, or about $467 billion in goods.China i...Read More
Orla hits 147.7m at 1.25% copperResource definitionDe-risking progress propels Namdini SPONSOREDcardinal resourcesChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftA rising force in the 'Ring of Fire'SPONSOREDasiamet resourcesSimich expressed dissatisfaction about how the market was treating his company when he briefed analysts on...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedCanadian-based project developer Nevada Copper (TSX:NCU) is planning to start production at the nearby Pumpkin Hollow copper mine by the fourth quarter of 2019, and full-scale construction activity is currently ramping up.Located directly east from the fertile agronomic lands of Yerington, with a population of about 3,000 residents...Read More
Sunday Sep. 9, 2018 will go down in Chile's copper state miner Codelco's history of as one the most important days of its Chuquicamata mine's 103 years of existence. This, because it marked the last blast at the bottom of the open pit operation, expected to transition to underground block cave mining by mid-2019.Codelco's second largest copper operation by size is expected to transition to under...Read More
Canada's Yamana Gold (TSX: YRI) (NYSE: AUY) said Wednesday that Argentina's surprise decision to impose a new tax on all exports could hurt its cash flow, even as the miner is mulling ways to mitigate the impact.Earlier this month, Argentine President Mauricio Macri and economy minister Nicol??s Dujovne announced temporary austerity measures to strengthen the country's ailing economy.Yamana, whic...Read More
MUMBAI, Sept 11 (Reuters) - The Indian rupee hit a life-time low yet again on Tuesday amid strong dollar demand from foreign banks, but the currency pared some of its losses later in the day following central bank intervention, dealers said.The rupee has been the worst performing Asian currency this year. Despite strong GDP growth, the currency has weakened about 12 percent this year amid higher o...Read More
* U.S. sanctions to target Iran oil exports from November* EIA cuts forecast for 2019 U.S. crude production growth* U.S. crude oil inventories fall 8.6 mln bbls last week -API(Updates with API data on U.S. crude inventories)By Stephanie KellyNEW YORK, Sept 11 (Reuters) - Oil prices rose more than 2 percent on Tuesday as U.S. sanctions squeezed Iranian crude exports and after U.S. crude oil product...Read More
* Both NSE, BSE indexes down 0.2 pct* Nifty FMCG index hits near 7-wk low* Infosys rises after UBS hikes TPBy Krishna V KurupSept 11 (Reuters) - Indian shares inched lower on Tuesday, extending their sharp falls from the previous session, as the rupee hovered near its record low, while fears of an escalation in the U.S.-China tariff dispute continued to haunt investors in broader Asian markets.T...Read More