The copper price hit an 18-month high on an intraday basis last week as global manufacturing activity continues to pick up and hopes about US president-elect Trump's $500 billion infrastructure plans lift sentiment.In Asian trade on Monday copper for delivery in March, the most active contract, jumped 1% to exchange hands for $2.6515 per pound ($5,845 a tonne) on the Comex market in New York.Af...Read More
Photo of the Minto mine courtesy of Capstone Mining Corp.A recent bump in the price of copper has Yukon's only operating mine looking to bring back some laid-off workers. The Minto copper mine closed all of its open-pit mining operations on Oct. 1, meaning that 58 employees contracted through Pelly Construction Ltd. were laid off.Read more Read More
Investing.com - Gold prices rose on Friday, moving higher for the first time in four sessions despite a solid U.S. jobs report as the dollar slid, helping support demand for the precious metal.Gold for February delivery settled up 0.82% at $1,179.00 on the Comex division of the New York Mercantile Exchange.Prices hit lows of $1,160.00 a troy ounce on Thursday, their weakest level since February.Th...Read More
The US Environmental Protection Agency (EPA) announced Friday a new set of financial responsibility requirements for the hard rock mining industry, which main goal is said to be protecting taxpayers from having to carry the weight of expensive clean-up operations.Under the proposed regulation, companies mining non-coal minerals such as gold, silver, copper or lead would have to demonstrate to the...Read More
(Adds company news item, adds futures)Dec 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 48 points at 6,704 on Friday, according to financial bookmakers, with futures FFIc1 down 0.6 percent ahead of the cash market open.* The UK blue chip index closed down 0.5 percent on Thursday at 6,752.93, pulled down by more evidence of the weak pound damaging consumer goods companies and by...Read More
Dec 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 48 points at 6,704 on Friday, according to financial bookmakers.* The UK blue chip index closed down 0.5 percent on Thursday at 6,752.93, pulled down by more evidence of the weak pound damaging consumer goods companies and by some stocks trading without rights to their latest dividend payouts. TALKTALK: A cyber attack on Britain...Read More
Shares in Lundin Mining (TSX:LUN) jumped more than 5% on Thursday after the company announced the introduction of a quarterly dividend policy and provided a strong production outlook for its copper and zinc operations. The company, worth $3.7 billion in New York, is up nearly 90% this year thanks to the rally in base metals.The first $0.03 per share payment, pending board approval, is expected to...Read More
Mining and commodities trader giant Glencore (LON:GLEN) just added a fresh sign to a mounting pile of indicators that signal a long-awaited recovery in the mining industry, by announcing it will resume paying dividends in 2017 and also meet its goal this year to cut net debt.The Swiss company, which was one of the worst-performing stocks in the FTSE 100 last year amid a commodity prices rout, said...Read More
The Taliban have offered to protect major government projects such as the mining of a big copper deposit and an international natural gas pipeline project to assist the development and prosperity of war-torn Afghanistan.The insurgents have been behind much of the violence over the last 15 years that has frightened off investors, leaving Afghanistan unable to tap its vast natural resources and buil...Read More
(Corrects foreign ministry spokesman's response to "unaware of situation" not "aware of situation" in paragraph 8)ULAANBAATAR, Dec 1 (Reuters) - A major border crossing between China and Mongolia has imposed new fees on commodity shipments between the two countries, amid a diplomatic row sparked by the visit to Ulaanbaatar of the Tibetan spiritual leader the Dalai Lama last week.The Dalai Lama is...Read More
(Adds company news and sector items, futures)Dec 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 point higher on Thursday, according to financial bookmakers, with futures down 0.15 percent ahead of the cash market open.* The UK blue chip index closed up 0.2 percent on Wednesday at 6,783.79, led by rebounding energy stocks after oil prices surged to their biggest one-day gain in nine...Read More
Dec 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 point higher on Thursday, according to financial bookmakers.* The UK blue chip index closed up 0.2 percent on Wednesday at 6,783.79, led by rebounding energy stocks after oil prices surged to their biggest one-day gain in nine months when major producers agreed to output cuts to curb oversupply. FTSE RESHUFFLE: Precious metals mini...Read More
Rescue workers used bare hands and light equipment Wednesday in a desperate attempt to save four missing miners at a Polish copper mine that was hit by a tremor and a cave-in. Four other miners were killed, the mine's director said.The mine is operated by the KGHM Polska Miedz, which has presence in Chile, Canada and the United States.Continue reading...Read More
Investing.com - Gold prices slid on Wednesday as the dollar pushed higher after upbeat U.S. economic reports on Tuesday supported the case for higher interest rates.Gold was trading at $1,187.65 a troy ounce by 10:00 GMT.The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.13% at 101.11, holding below the almost 14-year hi...Read More
(Adds company news items, futures)Nov 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening about 2 points lower or almost flat in percentage terms on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* The UK blue chip index closed down 0.4 percent on Tuesday at 6,772, underperforming other European markets as energy and mining s...Read More
Nov 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening about 2 points lower, or almost flat in percentage terms on Wednesday, according to financial bookmakers.* The UK blue chip index closed down 0.4 percent on Tuesday at 6,772, underperforming other European markets as energy and mining stocks were hit by weaker oil and metals prices. BP: Mexico hopes to award at least four of the 10...Read More
After hitting an 18-month high on an intraday basis on Monday, the copper price has come under pressure as the bullishness about the impact of Trump's $500 billion infrastructure plans on demand for the bellwether metal begins to cool.In Asian trade on Wednesday copper for delivery in March, the most active contract, exchanged hands for $2.5570 per pound ($5,637 a tonne) on the Comex market in New...Read More
The Australian Stock Exchange has shut the door on one of its most controversy-plagued companies, Moly Mines, after ruling the firm was not allowed to resume trading due to concerns about Chinese majority shareholder Hanlong Group.The rarely used move, which effectively blocks Hanlong and leaves roughly 4,000 Moly shareholders in limbo, comes despite Moly promising it would have the Chinese firm's...Read More
* Taliban behind much of the violence over the last 15 years* Fight targets foreign forces, not Afghans, militants say* Taliban directs fighters to aid in security of projects (Adds presidential spokesman's comment)KABUL, Nov 29 (Reuters) - The Afghan Taliban on Tuesday offered to protect major government projects, such as the mining of a big copper deposit and an international natural gas pipelin...Read More
KABUL, Nov 29 (Reuters) - The Afghan Taliban on Tuesday offered to protect major government projects, such as the mining of a big copper deposit and an international natural gas pipeline project, to allow them to get off the ground after years of delay.The Taliban have been behind much of the violence over the last 15 years that has frightened off investors, leaving Afghanistan unable to tap natur...Read More