NAIROBI, Oct 19 (Reuters) - Kenya plans to set up a gold refinery to help small scale miners in the west of the country, the Petroleum and Mining Ministry said on Friday, and the government is seeking consultants to advise on its construction.Kenya has proven deposits of titanium, gold and coal but its mining sector is a relatively small contributor to national output. However, revenues are expect...Read More
China's economy grew at 6.5% YoY in Q3, lower than expected and the weakest growth since Q1 2009. Industrial Production also slowed more than expected as the shift toward financial stimulus is failing...Read full newsRead More
STOCKHOLM, Oct 19 (Reuters) - Sweden's Atlas Copco reported lower than expected third-quarter orders on Friday and forecast softer demand for the remainder of the year, sending shares in the industrial equipment maker tumbling.The sector has been under pressure in recent months due to worries over slowing global growth, not least in China where purchasing managers indices and auto sales have slipp...Read More
LONDON, Oct 19 (Reuters) - The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages.LME nickel stocks have shrunk by about 40 percent this year, largely from warehouses in Malaysia, Taiwan and Singapore, but much of that metal is not being consumed, industry sour...Read More
Tesla Inc has signed an agreement with the Shanghai government for an 860,000 sq...Read full newsRead More
Car parts maker ZF Friedrichshafen said on Friday it acquired a 35 percent stake...Read full newsRead More
BEIJING, Oct 19 (Reuters) - A Shenzhen-based commodity exchange controlled by Hong Kong Exchanges and Clearing unexpectedly began spot trading on Friday, giving the HKEX much-coveted access to mainland China's market.The launch of Qianhai Mercantile Exchange (QME), located just 50 kilometres (30 miles) from Hong Kong, brings to an end a long wait for HKEX and its chairman Charles Li, who bought th...Read More
Stocks dipped on Friday, dragging a global index into a fourth consecutive weekl...Read full newsRead More
Canada's federal government unveiled this week the final part of its plans to ban the use and sale of asbestos in the country by the end of the year.The regulations, to come into effect on Dec. 30, also prohibit the manufacturing, import, trade and use of most products containing the mineral. However, they do not apply to residues left from mining asbestos, which in Canada include about 800 millio...Read More
Canada's federal government unveiled this week the final part of its plans to ban the use and sale of asbestos in the country by the end of the year.The regulations, to come into effect on Dec. 30, also prohibit the manufacturing, import, trade and use of most products containing the mineral. However, they do not apply to residues left from mining asbestos, which in Canada include about 800 millio...Read More
"NEW: Elephants charge at hunters after they shoot and kill a member of the herd in Namibia.https://t.co/hKkucYMQNn https://t.co/mYG7HE4O7d"Read full newsRead More
The body representing the mining industry in Canada's Nova Scotia has released a report that recommends $19.5 million be invested in geophysical surveys to help find future mines and quarries."This needs assessment report is the first step toward building a minerals version of Play Fairway - a free, best-in-class database of geophysical knowledge that will help attract investment and job creation...Read More
Shandong Zhaojin Group , one of China's biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday.The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects, Li...Read More
Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country's administration, has threatened to sue the government in international court as concerns about the safety of its staff mount.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), has been waiting for the Canadian gold giant to negotiate a settlement with President John Magufuli, after he s...Read More
Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country's administration, has threatened to sue the government in international court as concerns about the safety of its staff mount.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), has been waiting for the Canadian gold giant to negotiate a settlement with President John Magufuli, after he s...Read More
Contrarian investors are constantly searching for unloved stocks that have found a bottom and offer big upside potential as market sentiment shifts.Let's take a look at three unloved industry leaders in the TSX Index that might deliver big gains heading into next year.Barrick Gold (TSX:ABX)(NYSE:ABX)Barrick Gold recently announced a game-changing merger with Randgold that will create the world's l...Read More
The Mountain Province Diamonds, 49%, and De Beers Canada, 51%, Gahcho Ku?(C) diamond mine located 280 km northeast of Yellowknife, Northwest Territories.Mountain Province Diamonds Inc. [MPVD-TSX, NASDAQ] reported results of its eighth diamond sale completed on October 5th 2018.Total proceeds from the sale were US$24.2 million (CDN$31.4 million) from 366,505 carats at an average realized value of U...Read More
When it comes to early FI, I think the end game for all of us is to find a way to maximize our time on this planet. As everyone well knows, time is finite and thus the ultimate currency in the Game of Life. Over the years, more and more folks are realizing this stark truth, and I think that’s why the concept of FIRE (Financial Independence Retire Early) continues to grow in popularity and mo...Read More
An opioid epidemic is destroying lives across America.And chances are this deadly plague has already taken root in your backyard.Opioid addiction, overdoses, and deaths are rising at an alarming rate nationwide. The Centers for Disease Control and Prevention (CDC) reports a 200% increase in overdose deaths involving opioids since 2000.Today, over 42,000 Americans die annually after overdosing on o...Read More
Colorado School of Mines and Virginia Tech have been awarded funding from the National Science Foundation to set up a new research center focusing on advanced subsurface earth resource modeling. Mines is the lead institute in the new Center for Advanced Subsurface Earth Resource Models (CASERM), which will bring together more than 20 faculty members from the two schools' geology, geophysics, ap...Read More