PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe London-listed, Australia-focused company received laboratory assays for the first hole from the current drilling program, which kicked off in September.The hole returned total mineralisation of 275m at 4.77 grams per tonne gold and 0.61% copper, or 5.75gpt gold equivalent across two wide zones.The upper zone returned 118m at 3....Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe global market analyst was optimistic about near-term Chile production forecasts for 2019 on the back of stronger performance from major mines, upgrades to existing mines, and a lower perceived risk of labour strikes.According to Fitch, Chile was expected to produce 2% more copper in 2018 than in 2017, at 5.4 million tonnes. To...Read More
BOGOTA - Colombia's main mining industry group said on Monday it was optimistic a new tax bill that includes a cut to corporate taxes will help attract more foreign investment, allowing companies to boost exploration and output in the coming years.The financing law helps to guarantee the competitiveness of the industry that competes with countries like Peru and Chile for attracting investmentsThe...Read More
With the second round of bids to secure a piece of Teck Resources Ltd.'s $4.7 billion copper expansion expected in the coming weeks, victory may come down to more than price.Teck, which owns 90 percent of Quebrada Blanca in northern Chile, would like to sell a 30 to 40 percent stake to an outside investor. With the copper market widely forecast to go into deficit as soon as this year and the numbe...Read More
Copper output in Chile, the world's top producer of the metal, is expected to increase 2% by the end of the year and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.According to the latest report by Fitch Solutions Macro Research, the main possible obstacle to the forecast production growth in Chi...Read More
Investing.com - This week trade tensions and Brexit developments will remain in focus as U.S. markets wind down for the Thanksgiving holiday.Currency traders will be watching for signs that the U.S. and China are seeking to de-escalate their trade dispute after President Donald Trump said he may not impose more tariffs on Chinese imports if China comes up with terms that he and Beijing could agree...Read More
Investing.com - In the week ahead, oil traders will pay close attention to comments from global crude producers to gauge their readiness on cutting output, after prices suffered their sixth weekly loss in a row.Global oil prices have lost roughly a quarter of their value since early October in what has become one of the biggest declines since a price collapse in 2014, with surging supply and the s...Read More
Investing.com - This week precious metals traders will be watching developments around global trade tensions and geopolitical risks, as well as moves in the U.S. dollar, after gold prices ended higher on Friday, notching up a weekly gain of more than 1%.Safe haven demand for the yellow metal was underpinned following the recent selloff in equity markets, a steep fall in oil pieces and mounting unc...Read More
* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Nikkei up 0.4 pct early, US stock futures slip* Confused by mixed signals on Sino-US trade outlook* Dollar subdued as Fed talks about global risks* Oil prices recoup some losses on chance of output cutBy Wayne ColeSYDNEY, Nov 19 (Reuters) - Asian shares inched cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sin...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 mineralsHowever the miner is facing an export duty of US$4.3 million and $129.8 million in penalties proposed by th...Read More
Look beyond market approach to project valuations: van ZylLeadershipDR 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 uraniumDr Leon Pretorius' TopTung is banking on the Lac Kelly, Midrim and LaForce projects it will acquire from Me...Read More
The official line from Beijing is that China is managing quite nicely, thanks for asking, now go away. The unofficial line is that pips are starting to squeak with reports that coal imports have been frozen because they risk breaching a government-ordered ceiling, while multiple investment-bank reports from analysts in China and at commodity conferences express concern about the country's eco...Read More
Montana Resources, a unit of The Washington Companies that operates the Continental open-pit copper and molybdenum mine in Butte, Montana, recently partnered with Fairweather IT to bring high-tech to its bird hazing program.Since the mid-1990s, the company has run a waterfowl observation and hazing program at its 182-hectare Berkeley Pit but in late 2016, several thousand snow geese died at the to...Read More
Iran Minerals Production and Supply Company, a subsidiary of state-owned Iranian Mines and Mining Industries Development and Renovation Organization, announced through the country's public broadcaster that it has signed a memorandum of understanding with industry group Iran Mine House and a private company with the idea of developing six small-scale gold and copper mines.With this deal, the Hassan...Read More
(Bloomberg) -- India’s monetary policy makers and government officials will meet Monday in a board meeting that promises to be anything but its usual dull affair.Locked in a power struggle over how much capital the central bank needs and how tough its lending rules should be, a trained accountant parachuted into the Reserve Bank of India’s board by the government in August may be key t...Read More
Nov 17 (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. ** Indicates new events -----------------------------------------------...Read More
(Adds Technicolor SA, Visa, General Electric (NYSE:GE), LyondellBasell)Nov 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:** Technicolor SA TCH.PA has been exploring options that include a full or partial sale of the French digital media company, as its set-top box business struggles because of higher prices for memory chips, people fam...Read More
* Prices down for 6th week; Brent off 4.6 pct, U.S. crude 5.6 pct* OPEC could cut supply by 1.4 mln bpd to prevent glut* Russia resisting calls to join renewed cuts* GRAPHIC-U.S. oil output and storage: https://tmsnrt.rs/2PXBD8e* U.S. weekly rig count rises by two this week (Adds settlement prices, CFTC data)By Jessica Resnick-AultNEW YORK, Nov 16 (Reuters) - Oil ended slightly firmer after volati...Read More
Nov 16 (Reuters) - The chief executive officer of Indian online fashion retailer Myntra, Ananth Narayanan, has decided to resign, days after the co-founder and group chief executive of its parent Flipkart stepped down, the Times of India reported on Friday.Bengaluru-based Myntra, which was bought by e-commerce group Flipkart in 2014, could also see a job cut of up to 500 people, the paper reported...Read More
* NSE, BSE end about 0.6 pct higher* Reliance top boost* Yes Bank falls 7.2 pctNov 16 (Reuters) - Indian shares posted their best close in more than six weeks on Friday, powered by gains in the country's biggest company by market value Reliance Industries Ltd RELI.NS .The broader NSE index .NSEI closed 0.62 percent higher at 10,682.2, while the benchmark BSE index .BSESN ended up 0.56 percent...Read More