Investing.com - Gold prices traded lower on Monday, with spot prices hitting a 17-month low, as concerns over the crisis in Turkey sent investors flocking to the dollar, dampening demand for the precious metal.At 4:19 AM ET (8:19 GMT), spot gold fell $6.60, or 0.54%, to $1,204.81, just off an intraday low of $1,203.83, its lowest level since March 2017.Meanwhile, gold futures for December delivery...Read More
Orla hits 147.7m at 1.25% copperResource definitionSolGold set to shineSPONSOREDsolgoldFollowing a similar report on gold in May, S&P's research found that copper exploration expenditure over the past decade was US$26.6 billion - peaking in 2012 at a record $4.7 billion....Read More
In line with the company's policy, the dividend was equal to 35% of net earnings from continuing operations, which slipped 33.3% on the year to 19.6c/share.Analysts at Bernstein noted e...Read More
Aug 13 (Reuters) - The main union at Chile's Caserones copper mine said on Monday that both sides had agreed to extend government mediation of labor talks until Thursday.The agreement means a strike approved by 98.5 percent of workers in a vote on Sunday will be postponed, said Jos?(C) Zambra, a spokesman for the union at Caserones. The mine is majority owned by Pan Pacific Copper Co Ltd, a partne...Read More
Courtesy of: Visual Capitalist Canada is a mining nation.From the Rockies to the Canadian Shield, and from the Plains and to the North, the variety of geology that exists in the country is immense - and this has created a large and unique opportunity for ground-breaking mineral discoveries.As a result, Canada is one of the world's largest exporters of minerals and metals, supplying approximately...Read More
What causes empires to fall?According to one influential view, it's ultimately a question of investment. Great powers are the nations that best harness their economic potential to build up military strength. When they become over-extended, the splurge of spending to sustain a strategic edge leaves more productive parts of the economy starved of capital, leading to inevitable decline.That shoul...Read More
Aug 13 (Reuters) - Chile's copper industry on Monday braced for the announcement of a potential strike at the world's biggest copper mine, Escondida, as government-led mediation is expected to close by day's end.Escondida's union and the mine's owner, Anglo-Australian firm BHP, have until Monday evening to agree to a contract deal in tense negotiations that have been closely watched by other miner...Read More
Investing.com - Investors will stay focused on Turkey's deepening currency crisis and the fallout across global markets in week ahead to see if any more news materializes after Washington's latest sanctions on Ankara battered the lira and triggered a move out of riskier assets.In addition, market focus will stay attuned to the next potential steps in the tit-for-tat trade dispute between the U.S....Read More
Investing.com - Oil traders will stay focused on a plethora of bearish factors currently weighing on the market in the week ahead, after U.S. crude prices suffered their sixth straight weekly loss last week - their worst losing streak since August 2015.Brent, meanwhile suffered its fifth week of declines in six, as investors worried that global trade disputes, most notably between the U.S. and Chi...Read More
MUMBAI, Aug 12 (Reuters) - Indian Prime Minister Narendra Modi said he would be re-elected with an even bigger majority in parliament in 2019, dismissing opposition attempts to rouse opinion against his government for failing to deliver on promises of swift economic development and more jobs for young people.Modi told the Times of India in an interview published on Sunday that his Bharatiya Janata...Read More
Investing.com - The broadly stronger dollar looks likely to remain a significant headwind for gold this week as the precious metal’s inverse relationship to a firmer dollar continues to outweigh safe haven demand for bullion.With another fairly light week ahead on the economic calendar, investors will continue to monitor developments on trade and Turkey. Wednesday’s U.S retail sales re...Read More
Titan Mining Corporation (TSX: TI) is a Canadian-based mining company which produces zinc concentrate at its 100%-owned Empire State Mine ("ESM") in St. Lawrence County, New York State. ESM includes a suite of seven historic zinc mines. One of these - ESM #4 mine - has recently restarted production and, with both near-mine and regional exploration activities underway, this historic mining district...Read More
The mega-cap stocks that dominate the US markets are just finishing another monster earnings season. It wasn't just profits that soared under Republicans' big corporate tax cuts, but sales surged too. That's no mean feat for massive mature companies, but sustained growth at this torrid pace is impossible. So peak-earnings fears continue to mount while valuations shoot even higher into dangerous bu...Read More
Gold, base metals downCapital marketsBefore getting to the good news, which has only crept out after the event, it's worth considering a soberer assessment of the conference because it is an important scene-setter for the mining ...Read More
Copper bears could get caught wrong-footed as a strike looms at the world's biggest mine.In the U.S., hedge funds' bearish bets outnumber bullish wagers by the most since 2016, latest government data show. The top brokers on the Shanghai Futures Exchange boosted their net-short position by more than half. Sentiment has turned increasingly negative even as BHP Billiton Ltd. and workers at its Escon...Read More
Copper is not only a hot commodity right now. It was very much so in the c. 3rd millennium BC.Two new studies published in the Journal of Archaeological Science unveil where ancient Egyptians got the red metal from.According to one the studies, led by Frederik Rademakers of KU Leuven in Belgium, there was predominant reliance on relatively local ore from the Eastern Desert and the Sinai Peninsula....Read More
Aug 11 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. -----------------------------------------------------------MONDAY, AUGU...Read More
Aug 11 (Reuters) - Tata Motors Ltd TAMO.NS says:* GLOBAL WHOLESALES FOR JAGUAR LAND ROVER WERE 35,007 VEHICLES Further company coverage: TAMO.NS(Mumbai Newsroom)Read More
(Adds close of U.S. markets)* Turkish lira plunges to record low* ECB worried about European bank exposure to Turkey -FT* Bank shares fall on exposure concerns* Euro falls to lowest since July 2017* Yen climbs, bond yields fallBy Herbert Lash and Ritvik CarvalhoNEW YORK/LONDON, Aug 10 (Reuters) - A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further...Read More
* SBI posts $707 mln Q1 loss, third straight qtr of losses* Bad loans ease from three months earlier (Recasts with Chairman's comment)By Devidutta Tripathy and Chris ThomasNEW DELHI/BENGALURU, Aug 10 (Reuters) - State Bank of India SBI.NS is confident of returning to profitability from the December quarter onwards as the impact of bad loans eases, its chairman said after the nation's top lender...Read More