Lucara sells large diamonds for US$32.5mPrecious stonesDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal international The two countries have much in common: Westminster-style democracies, being part of the Com...Read More
NOVEMBER 2, 2018 - Michael Rowley, president and CEO of Group Ten Metals sits down with Maurice Jackson of Proven and Probable to discuss his companies exploration for platinum, palladium, nickel, copper and cobalt in the Stillwater area of Montana. This is part 2 of a 3 part series introduction into the value proposition of the Metallic Group of Companies.Original Source: https://www.stree...Read More
SEATTLE - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that affect salmon habitats.Advocates...Read More
LONDON, Nov 5 - The cost of building a copper or gold mine is likely to be cheaper than buying an existing one, dampening the prospect of big merger activity in the mining sector, S&P Global Market Intelligence said, citing in-house research.Data shared with Reuters support comments from major miners, including BHP and Rio Tinto , which say their strategy is to build or to "smart buy", if they can...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
Investing.com - Oil traders are likely to stay focused on global supplies in the week ahead, after prices suffered their fourth consecutive weekly loss, pressured by U.S. plans to issue waivers on Iranian crude sanctions.The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, to keep buying Iranian oil after it reimposes sanctions on T...Read More
JERUSALEM, Nov 4 (Reuters) - Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had large reserves of natural gas off its Mediterranean coast.It will publish details of the tender by the end of the month and, about half a year later, choose the...Read More
Investing.com - This week precious metals traders will be focused on the U.S. mid-term elections and the Federal Reserve’s November meeting as markets continue to digest Friday’s strong U.S. jobs report.Voters on Tuesday will decide key races in Congress and state governments and the results could influence the Trump administrations ability to pass additional tax and trade reforms.The...Read More
TOKYO, Nov 5 (Reuters) - Japan's benchmark Nikkei average .N225opened down 1.08 percent at 22,002.47 on Monday, while the broader Topix .TOPX shed 0.84 percent to 1,644.88.Read More
Most forecasts before tomorrow's midterm elections in the US, which sees Senate and House of Representative seats up for grabs, are forecasting a change in the House and no change in the Senat...Read More
NEW DELHI, Nov 3 (Reuters) - India's Reliance Communications Ltd RLCM.NS posted a sharp rise in its quarterly profit on Saturday, as it recorded a one-time gain.Net profit for the July-September quarter came in at 67.98 billion rupees ($939 million), compared to a profit of 420 million rupees a year earlier.Revenue from operations fell 41.7 percent to 3.34 billion rupees.The company said earlier...Read More
(Updates through close of U.S. trading)By David RandallNEW YORK, Nov 2 (Reuters) - Concerns that a trade deal between the United States and China may not be imminent reined in a rally in world equity markets and reversed gains on Wall Street on Friday, while strong U.S. wage growth boosted U.S. bond yields.Markets had earlier climbed on hopes that the world's two biggest economies were mending the...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window)* Apple falls on forecast; market cap drops below $1 trln* Trump has not sought draft China trade plan -Kudlow on CNBC* Industrial index ends down 0.3 pct* Indexes down: Dow 0.4 pct, S&P 500 0.6 pct, Nasdaq 1 pct(Updates to close)By Caroline ValetkevitchNEW YORK, Nov 2 (Reuters) - U.S. stocks snapped a...Read More
By Suvashree ChoudhuryMUMBAI, Nov 2 (Reuters) - The Indian rupee was the second-best performer in Asia, rising the most in over five years on Friday, on lower global oil prices and as China and the United States expressed optimism about resolving their bruising trade war.A decline in oil prices and the rally in the currency also boosted bonds, which rose to their highest in nearly two months."Afte...Read More
* U.S. sanctions against Iran oil exports start next week* U.S. to temporarily allow 8 importers to keep buying Iran oil* OPEC, Russia, U.S. oil supply rising, filling inventories* GRAPHIC-Top 3 crude oil production: https://tmsnrt.rs/2Rua0R8 (Adds settlement prices, CFTC data, Trump tweet)By Devika Krishna KumarNEW YORK, Nov 2 (Reuters) - Oil prices fell about 1 percent on Friday and notched a we...Read More
Nov 2 (Reuters) - Punjab National Bank (PNB) PNBK.NS reported a third straight quarterly loss on Friday, as India's second-largest state lender by assets set aside more money to account for a massive fraud.Net loss came in at 45.32 billion rupees ($622.74 million) for the three months ended Sept. 30, compared with a profit of 5.61 billion rupees a year earlier, the bank said in a statement https...Read More
Investing.com - Gold prices were higher on Friday as the U.S. dollar inched down, despite a better-than-expected jobs report.Comex gold futures for December delivery rose 0.11% to $1,237.40 a troy ounce as of 10:33 AM ET (14:33 GMT).Gold was higher due to a fall in the greenback. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched d...Read More
* U.S.-China trade deal hopes trigger risk rally* Emerging market shares head for best day since early 2016* Europe higher with Germany's DAX leading the charge* Hong Kong, Korean markets have best day in seven years* U.S. jobs data comes in strong* Dollar steadies, sterling builds on strongest day of the year* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, Nov 2 (Reu...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 on track for best week in nearly 2 years* Burberry , miners boosted by hopes of end to U.S.-China row* JPM China fund up 10 percentBy Josephine MasonLONDON, Nov 2 (Reuters) - UK shares bounced for a fourth session on Friday as mining and luxury goods stocks led a rally amid growing optimism about a Brexit deal and...Read More
* US - China trade deal hopes triggers strong risk rally* Emerging market shares head for best day since early 2016* Europe opens higher with Germany's DAX leading the charge* Hong Kong, Korean markets have best day in seven years* U.S. jobs data next key test for rising bond yields* Dollar dips, Sterling builds on strongest day of the year* Metals rally on better China sentiment* Graphic: World F...Read More