(Repeats item first published on Wednesday with no changes to text)* BJP faces major challenges in retaining 3 Hindi-speaking states* Party won 95 percent of seats in the states in 2014 election* BJP could lose Madhya Pradesh, state it has ruled for 15 years* Modi's chances of retaining power hurt if BJP loses the 3 states* Big BJP losses could lead to sell-off in financial marketsBy Rajendra Jadh...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.8 pct; Midcaps up 0.6 pct* Intu sinks after consortium abandons bid, sends shivers through property sector* Investors mourn UK funeral sector probe; Dignity sinksBy Josephine MasonLONDON, Nov 29 (Reuters) - UK shares jumped almost 1 percent on Thursday as Wall Street's rally spread across Europe after the Fed...Read More
* NSE index up 0.9 pct, BSE index up 1 pct* Hindalco Industries top gainer* Yes Bank hits over 2-1/2-yr low on debt downgradeBy Krishna V KurupNov 29 (Reuters) - Indian shares rose 1 percent on Thursday, tracking broader Asian markets that rallied after the U.S. Federal Reserve chairman's comments were interpreted as a dovish shift, and ahead of the expiry of futures and options contracts late...Read More
I continue to receive questions regarding the direction of the market, to which I can only reply "I don't know." I certainly have thoughts about the factors affecting metals markets, but am not under the illusion that I KNOW where the market is headed.What I do know is that my money is best invested, in tranches, in the best companies in the sector. The best companies are led by the best managemen...Read More
November 30, 2018GOLD:Short Term Update:What a day! This is incredible! We called it with our wave counts, and now it's really happening as the Fed may have just blinked!Within wave .iii. we are now working on our first impulsive sequence, as shown on our "Daily Gold Chart".Within that first impulsive sequence we believe that we are working on a subdividing wave $iii$. Within wave $iii$, wav...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe surprise was not in the results themselves from the four-hole program at the unnamed discovery, assumed to be the historic Oak Dam West anomaly.The surprise was that BHP announced t...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe Toronto-based miner expects to produce more copper over this period than previously expected on the back of refined mine sequencing at Candelaria, in Chile, and an expected early completion of the Eagle East project, in the US.The 2019 copper guidance is expected to range between 199,000 metric tonnes 218,000t in 2019, rising t...Read More
* Japan's Mitsubishi Materials on Thursday said that its Indonesia copper smelting unit, PT Smelting, has declared force majeure on deliveries of products to some customers as maintenance at its plant in the country had been extended.* The smelter on Oct. 31 went into maintenance that was scheduled for about 30 days, but that has been extended due to a lack of oxygen supply from a neighboring oxyg...Read More
Democratic Republic of Congo's state mining company blamed international investors and anti-corruption activists for the country's lack of progress despite its vast mineral wealth.Non-governmental organizations including the Atlanta-based Carter Center and London-based Global Witness have accused Gecamines of failing to account for hundreds of millions of dollars paid to the state miner by the com...Read More
JAKARTA, Nov 29 (Reuters) - Indonesian President Joko Widodo called on Thursday for an "immediate" end to issues holding up the country's plans to acquire a majority stake in Freeport-McMoRan Inc's giant Grasberg copper mine in Papua.For Widodo, seeking reelection next year, getting a majority stake in the mine for Indonesia would be a political boon.The deal, which would give Indonesia and state-...Read More
BRITISH COLUMBIA - Dunnedin Ventures of Vancouver is spreading its wings. Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite. Now the company announced that it has acquired a 100% interest in a copper-gold porphyry property near Princeton.Dunnedin acquired the new property from private vendor who will receive $100,00 and 1.8 million Dunnedin shares...Read More
SANTIAGO, Nov 29 (Reuters) - Chile's Codelco, the world's largest copper producer, said on Thursday that mine output fell 3 percent in the first nine months of the year as ore grades sharply declined, leading to a 12 percent drop in pretax profit.The state-run copper miner earned $1.42 billion pretax between January and September as production costs jumped 5 percent to $1.39 from the year-ago peri...Read More
* Prices slump more than 30 pct since the beginning of October* U.S. crude inventories up 14 pct in last 10 weeks* OPEC and allies meet next week to discuss supply cuts* Saudi Arabia says it will not cut oil output alone (Updates to settlement, adds quotes)By David GaffenNEW YORK, Nov 28 (Reuters) - Oil prices fell about 2.5 percent on Wednesday after U.S. crude inventories rose for the 10th strai...Read More
Nov 28 (Reuters) - U.S. stocks rose higher on Wednesday after Federal Reserve Chairman Jerome Powell said that the gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track.At 12:01 a.m. EDT the Dow Jones Industrial Average .DJI was up 303.60 points, or 1.23 percent, at 25,052.33, the S&P 500 .SPX was up 23.41 points, or 0.87 percent, at 2,705.58 and the N...Read More
* NSE index end up 0.4 pct, BSE index 0.6 pct higher* Nifty IT index up 2.9 pct, Yes Bank top pct loserNov 28 (Reuters) - Indian shares closed higher for the third straight session on Wednesday, helped by IT stocks such as Tata Consultancy Services Ltd TCS.NS and Infosys Ltd INFY.NS , although investor sentiment was cautious ahead of the expiry of futures and options contracts later this wee...Read More
* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7 (Adds quotes, details of plant)By Mayank Bhardwaj and Sudarshan VaradhanNEW DELHI, Nov 28 (Reuters) - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently close Vedanta Ltd's VDAN.NS...Read More
(Repeats to additional subscribers without change to text)* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7By Mayank Bhardwaj and Sudarshan VaradhanNEW DELHI, Nov 28 (Reuters) - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently c...Read More
NEW DELHI, Nov 28 (Reuters) - An Indian court-appointed panel said a government order to close down resources company, Vedanta Ltd's VDAN.NS copper smelter after protests by environment activists turned violent was a case of administrative overreach, said lawyers involved in the case.The committee set up by the National Green Tribunal said the closure of the plant in southern Tamil Nadu (NS:TNNP)...Read More
CALGARY, Alberta, Nov.29, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC-Pink: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc., are pleased to provide additional analytical results for the recently completed mapping and sampling program on its 100% owned Mineral Mountain copper project located approximately 15 miles east of Florence...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSince, late 2015, the mining world has been enjoying the effects of rebounding commodity prices and, more s...Read More