Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...Read More
Plans by Barrick Gold (TSX, NYSE:ABX) to revive its Pascua Lama gold, silver and copper project straddling the border between Chile and Argentina may once again be postponed after Chile's Supreme Court revoked this week a temporary closure permit granted by the country's mining regulator Sernageomin in 2015.Such decision sought to relax certain requirements for Barrick to obtain a new environme...Read More
World's largest miner BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has lost about $712 million due to an already 35-day-long strike at its Escondida copper mine in Chile, based on the main union's estimates, but the company is about to put an end to the stoppage.According to the mine's president, Marcelo Castillo, the firm is currently analyzing its legal alternatives to resume work at the world's la...Read More
(Adds company news item)March 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 13 points on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.1 percent ahead of the cash market open.* LLOYDS: The British government has reduced its stake in Lloyds Banking Group LLOY.L to just below 3 percent, putting the lender on track to be back in private ownership within the...Read More
March 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 13 points on Wednesday, according to financial bookmakers.* ASTRAZENECA: AstraZeneca's AZN.L ovarian cancer drug Lynparza slashed the risk of disease progression in a closely watched clinical trial, boosting its profile against rivals within the novel PARP inhibitor drug class. BHP BILLITON: The Escondida copper mine in Chile p...Read More
SHANGHAI, Mar 15 (SMM) – Nonferrous metals slid across the board today as zinc led losses with a drop of more than 1%. Nickel fell 0.8%, tin dipped 0.7% and copper edged down.The ferrous complex saw some gains today as coking coal rose 1.6%. Rebar, hot-rolled coil, and iron ore gained over 1%, and coke inched up.Copper: The SHFE 1805 contract slumped after it reached a high of 52,400 yuan/mt...Read More
SHANGHAI, Mar 15 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the euro dipped, the US dollar index rebounded and hovered around 89.7 overnight while most base metals climbed up. The growing number of cancelled warrants drove LME nickel to hit a two-week high. LME and SHFE zinc dropped about 2% as inventories grew.China’s tota...Read More
SHANGHAI, Mar 15 (SMM) –Copper: After it gained support at the five- and 10-day moving averages, LME copper is expected to hit and test the 20-day moving average in the short term. Prices are seen at $6,980-7,030/mt today. SHFE copper is set to test support at the five-day moving average and trade at 52,580-53,000 yuan/mt today. We see spot prices at a premium of 50-100 yuan/mt.Aluminium: We...Read More
Newmont Mining Corporation today launched Lifecycle of a Mine, an interactive microsite featuring the activities and processes that make up each stage in the life of a modern-day gold mine.Videos, interactive graphics and photographs provide real-world imagery and descriptions of the science, technology, skill sets and tools that comprise the six stages in the life of a modern-day gold mine. Lifec...Read More
Triumph Gold Corp. (CVE:TIG, FRA:8N61, OTCMKTS:NFRGF)Current Price: C$0.38Shares Outstanding: 59.7 millionMarket Capitalization: C$22.7 million52-Week Range: C$0.07 - C$0.50Cash: ~C$6.3 millionAs stated in our original write-up, Triumph's flagship project, Freegold Mountain, includes Kaminak's Coffee-like epithermal models, but also has all the signatures of Western Copper's Casino-like porphyry....Read More
In New York on Tuesday copper for delivery in May enjoyed a third day of gains adding 1% to $2.6505 per pound or $5,843 a tonne on the back of upbeat economic data from China and continued labour disruptions at the world's biggest mines.The Statistics Bureau of China said on Tuesday industrial production led by the steel industry jumped 6.3% in January and February of 2017 (released tog...Read More
Chile-focused copper miner Antofagasta Plc. (LON:ANTO) logged Tuesday an almost 80% jump in earnings during 2016 on the back on better-than-expected metal prices in recent months, and predicted that improved market conditions were here to stay.The miner, one of the oldest companies listed in London, posted earnings before interest, tax, depreciation and amortization of $1.63 billion and said reven...Read More
Mining and commodities trader Glencore (LON:GLEN) is selling its stakes in two zinc mines to Canada's Trevali (TSX:TV) in a deal worth about $400 million that will make the later the first pure zinc company with operations in North and South America as well as Africa.With the sale, Glencore gives Trevali its 80% and 90% stakes respectively in the Namibia-based Rosh Pinah and the Perkoa mine loca...Read More
Investing.com - Gold prices struggled near a six-week low during European morning hours on Tuesday, as investors prepared for a rate hike by the Federal Reserve while focusing on political developments in Europe.Comex gold futures dipped $2.55, or around 0.2%, to $1,200.55 a troy ounce by 4:15AM ET (08:15GMT), not far from Friday's low of $1,194.50, which was the weakest level since January 31.Mea...Read More
(Adds company news items, futures)March 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 4.7 points on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* OCADO: Ocado OCDO.L , the British online supermarket that has been testing investors' patience with its failure to land an overseas deal, said there were signs of pricing...Read More
March 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 4.7 points on Tuesday, according to financial bookmakers.* BHP BILLITON: BHP Billiton BLT.L on Monday invited striking workers at its Escondida copper mine in Chile, the world's largest, to return to the negotiating table, after they rejected a similar approach on Saturday. AMEC FOSTER WHEELER-JOHN WOOD: Oil services company Wo...Read More
SHANGHAI, Mar 14 (SMM) – Following the release of China’s upbeat economic data, most base metals registered a rise today. SHFE aluminum rose close to 1%, while tin dipped close to 1%. Copper, nickel, zinc inched up.The ferrous complex rose across the board, as coking coal led with a gain of 2.7%. Iron ore jumped over 2%. Coke and hot-rolled coil went up about 1%, while rebar increased...Read More