Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") herein provides preliminary fourth quarter and full year production results for 2017. The Company is also pleased to report on construction activities at its Cerro Moro project in Argentina.Fourth quarter and 2017 operational highlightsStrong production momentum continued into the fourth quarter and for the full year 2017. Preliminar...Read More
(Adds background on Argentina economic policy, regional comparisons, details from report)BUENOS AIRES, Jan 11 (Reuters) - Consumer prices in Argentina rose 24.8 percent in 2017 after a sharp 3.1 percent increase in December, government data showed on Thursday, well above the central bank's target range for annual inflation of 12-17 percent.The monthly reading, which was above median expectations...Read More
By JEFF DESJARDINS on January 10, 2018Courtesy of: Visual CapitalistRecords for renewable energy consumption were smashed around the world in 2017.Looking at national and state grids, progress has been extremely impressive. In Costa Rica, for example, renewable energy supplied five million people with all of their electricity needs for a stretch of 300 consecutive days. Meanwhile, the U.K. broke...Read More
(Adds auction results, quote; updates prices)* China disputes bond holding report* ECB indicates may change policy message* Treasury sees strong demand for 30-year bonds By Karen Brettell and Kate DuguidNEW YORK, Jan 11 - Treasury yields fell on Thursday after China disputed a report that its government officials had recommended the country slow or halt its purchases of U.S. bonds.China is diver...Read More
LUSAKA, Jan 11 (Reuters) - Zambia expects to collect more revenue from mining companies this year compared to 2017 after copper prices rose above $7,000 per tonne, the revenue authority (ZRA) said on Wednesday.ZRA Commissioner-General Kingsley Chanda said at a media briefing the authority was targeting a revenue-to-GDP ratio of 17 percent this year, higher that 16.8 percent in 2017."The copper pri...Read More
JAKARTA (Reuters) - Indonesia hopes to finalize contract talks with Freeport McMoRan Inc over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry official said on Thursday.Indonesia and Freeport formed a framework agreement in August to transfer the company's rights to Grasberg to a new mine license system from an existing contract of work. Under th...Read More
WASHINGTON, Jan 11 (Reuters) - U.S. President Donald Trump said on Thursday he expects a physical examination he is to undergo on Friday to go well and that he would be surprised if it did not.Answering questions from reporters after an event on prison reform at the White House, Trump said with a chuckle that if it does not go well, the stock market would take a hit."I think it's going to go...Read More
The world's mining sector is firing on all cylinders again, and one of it's biggest investors can't wait to get paid.After five years of under-performance, a combination of synchronous global growth and under-investment in new supply has driven up commodity prices, increasing cash flow and profit margins for the world's biggest mining companies, according to BlackRock Inc.'s Evy Hambro."When those...Read More
SHANGHAI, Jan 11 (SMM) – Nonferrous metals traded up for the most part today with SHFE aluminium leading the gains with 1.2% rise and nickel up 1%. Copper and zinc also edged up slightly while SHFE lead was down 0.56%.The ferrous complex saw coking coal finish higher by 0.73% while rebar and hot-rolled coil also registered rises. Coke dropped 0.49% and iron ore slipped 0.36%.Copper: SHFE cop...Read More
(Bloomberg) - Electric vehicles could hold the key to BHP Billiton Ltd. finally finding a buyer for its unwanted nickel operations.The world's top miner is accelerating plans to transform Nickel West in Western Australia into a linchpin of the global supply chain for electric vehicle batteries. The switch in focus promises to woo new suitors after an aborted 2014 attempt to sell the business, a su...Read More
BUENOS AIRES, Jan 11 (Reuters) - Consumer prices in Argentina rose 24.8 percent in 2017 after a sharp 3.1 percent increase in December, government data showed on Thursday, well above the central bank's target range for annual inflation between 12-17 percent.In greater Buenos Aires, which had been used as a proxy for the country's inflation before the Indec statistics agency launched a nationwide i...Read More
By Gianluca Semeraro and Valentina ZaMILAN, Jan 11 (Reuters) - Intesa Sanpaolo's sudden change of plan for tackling bad debts was driven by the European Central Bank's tough line on problem loans, sources familiar with the matter said.Intesa on Wednesday said it was in talks on a possible sale of its debt collection business and a bad loan portfolio to Swedish credit servicing group Intrum Justiti...Read More
The Democratic Republic of Congo may soon more than double the tax mining companies operating in the country pay on exports of cobalt, a key component in the lithium-ion batteries that power electric cars and mobile phones.The African nation, responsible for about two thirds of global cobalt output, has been evaluating the measure since last month, when a major revision to the 2002 Mining Code was...Read More
SHANGHAI, Jan 11 (SMM)? 1/4 ? Trading in China’s physical imported copper market is likely to stay thin until Chinese New Year with spot premiums under pressure, SMM believes.SMM’s Yangshan copper premium with warehouse warrant dropped to $75.5/mt on Thursday January 11, lowest level since late October last year. This is mainly due to weaker import demand and the close of arbitrage win...Read More
(Adds statement from Comcast)By JanWolfeJan 11 (Reuters) - Tivo Corp has again sued cable operator Comcast Corp of using its patented interactive programming technology without authorization, the latest salvo in the companies' long-running royalty dispute.Tivo filed lawsuits in Boston and Los Angeles on Wednesday, saying Comcast's X1 video recording system infringed on patents describing function...Read More
Jan 12 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,067.60 -29.10NZX 50**8,250.44 -114.460DJIA25,518.7 149.57NIKKEI**23,710.43-77.77Nasdaq7,202.14748.58 FTSE**7,762.94 14.43S&P 500 2,763.36 15.13 Hang Seng** 31,120.3946.67SPI 200 Fut 6020 7 STI** 3,512.68 -7.77SSEC**3,425.57 3.74KOSPI** 2,487.91 -11.84----------------------------------------------------------------...Read More
SHANGHAI, Jan 11 (SMM)? 1/4 ?Copper: LME copper sees support at $7,100/mt and is expected to trade at $7,100-7,200/mt today, while the SHFE 1803 copper is expected to trade at 54,600-55,500 yuan/mt. Spot premiums are set to be stable today at flat to 50 yuan/mt with the approaching futures delivery.Zinc: LME zinc remained firm with low inventory. We expect it to trade between the five-day and 10-d...Read More
(Changes sourcing)Jan 11 (Reuters) - Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering, a source close to the matter said on Thursday.The IPO will be led by Goldman Sachs Group Inc and JPMorgan Chase & Co , Bloomberg reported earlier, citing people familiar with the matter.( )Reuters reported in June that the company, valued at almost $10 billion in...Read More
(Corrects para 16 to say jobless claims 'increased', not 'fell', for the fourth straight week)* Oil at 3-year high, lifts energy stocks* Airline stocks rise after Delta's upbeat forecast* Cheaper services weigh on producer prices; jobless claims up* Indexes up: Dow 0.47 pct, S&P 0.37 pct, Nasdaq 0.4 pct By Sruthi ShankarJan 11 (Reuters) - Wall Street surged to fresh highs on Thursday as risi...Read More