Despite a strong U.S. dollar, the price of gold increased for the third consecutive week, finishing at US$1,226.50 per ounce, up 0.74%, while the S&P/TSX Global Gold Index rose 1.85% to 171.63. By contrast, the S&P/TSX Global Mining Index was down 1.17% to 53.03 and the S&P/TSX Global Base Metals Index lost 3.06% to finish at 95.08. The S&P/TSX Composite Index closed 0.36% higher, ending the tradi...Read More
Ascendant Resources (TSX: ASND; US-OTC: ASDRF) has tabled a new preliminary economic assessment (PEA) for its El Mochito zinc-lead mine in Honduras that increases production while reducing operating and all-in sustaining costs.The expansion PEA increases the processing rate 27% to 2,800 tonnes per day and zinc equivalent production 26% to 126 million lb. per year over a 10-year mine life. It reduc...Read More
FRANKFURT/DUESSELDORF, Oct 22 - ArcelorMittal, the world's largest steelmaker, has declared force majeure for its Duisburg-Ruhrort site in Germany due to the Rhine river's low water levels, a spokesman for the group said in e-mailed comments on Monday."The currently low water level of the Rhine means that the company has adjusted production in Ruhrort to reflect lower pig iron supplies from Thysse...Read More
FRANKFURT/MOSCOW, Oct 22 - Germany's BASF and Russian miner Norilsk Nickel (Nornickel) have struck a nickel and cobalt supply deal to meet growing demand for electric vehicle (EV) batteries.Underpinned by a new BASF cathode plant in Finland, the agreement could provide fresh impetus to European efforts to create battery cell manufacturing capacity in a market dominated Chinese and Korean producers...Read More
After nine consecutive quarters of better-than-expected profit, Caterpillar Inc. still has some skeptics. The stock of the economic bellwether is headed for its worst monthly performance since 2015 as investors await third-quarter results on Tuesday. Investors are looking at industrial earnings with a "glass-half-empty" mindset, according to Karen Ubelhart of Bloomberg Intelligence.Caterpillar is...Read More
Jacobs Engineering Group Inc. agreed to sell its energy, chemicals and resources unit to Australia's WorleyParsons Ltd. for $3.3 billion to focus on its higher growth and margin aerospace and infrastructure businesses.Jacobs will get $2.6 billion in cash and about 58.2 million WorleyParsons shares, worth around $700 million and equal to about 11 percent of its stock, the Dallas-based company said...Read More
"Industry is disproportionately harsh on governments that make significant & poorly-communicated changes to their investment framework. Is this justified or should we be more understanding? Join the discussion on LinkedIn: https://t.co/T25hJQdn2l"Read full newsRead More
"The world's biggest #uranium miner is listing in London. We spoke to the Kazatomprom CEO and CCO this morning ($) | https://t.co/DviQAqcccc #LSE #IPO"Read full newsRead More
It's been a painful week for pot shareholders whose mellow all time high, and record profits have gotten smoked by a bout of furious selling.Read full newsRead More
Marijuana stocks suffer broad and sharp losses Monday, and were heading for their worst week in over eight months, as full-legalization in Canada appears to have taken the shine off the sector, despite early indications of strong demand.Read full newsRead More
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He is said to have already begun training three to four people to succeed him in the job.Read full newsRead More
Migrants used wooden-handled hooks and shoes fitted with spikes to scale the dangerous razor-wired fence...Read full newsRead More
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.Read full newsRead More
Yet anotherRead full newsRead More
...complacency across all 'risk-off' assets had reached epidemic levels as equities broke out to new highs... Then the calendar rolled over to October and everything changed...Read full newsRead More
Albemarle and SQM can't settle water disputes, and a sale might draw them closer.Read full newsRead More
"We're looking forward to next week's Canada FinTech Forum, a 3-day event that provides a unique setting for #networking & business development. Register here: https://t.co/zDm0EhwUSe @FinanceMontreal #FinTech #Startup"Read full newsRead More
"Take 5 minutes and read up on the premier cobalt play, Canada Cobalt Works! #CCW $CCW @CanadaCobalt #Cobalt #Mining #CCW.V #Silver #TSXV #SmallCaps #batterymetalsRead more here: https://t.co/1aGISH81te"Read full newsRead More
"Copper Lake Commences Field Work on the Mine Lake Gold Property to Follow Up Historical Assays of Up to 62.80 g/t Gold https://t.co/2M4GYwptod"Read full newsRead More