Shares in Canadian miner Ivanhoe Mines (TSX:IVN) climbed Wednesday as it announced that exploration drilling at its Kamoa North prospect area, which forms part of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC), had defined two new, continuous corridors of shallow and high-grade copper mineralization.The newly delineated copper corridors occur on the western flank of the...Read More
* Jump in supply comes as demand outlook weakens* OPEC+ discuss supply cut of up to 1.4 million bpd -sources* POLL-U.S. crude stockpile likely up for eighth week* U.S. crude oil stocks rise sharply, climbing 8.8 mln bbls-API (Adds API data, Breakingviews item in related content field)By Devika Krishna KumarNEW YORK, Nov 14 (Reuters) - Oil rose about 1 percent on Wednesday, recouping some of the pr...Read More
NEW DELHI, Nov 14 (Reuters) - India's finance ministry wants the Reserve Bank of India (RBI) to address credit and liquidity related issues at its board meeting scheduled for Nov. 19, Indian TV channels reported on Wednesday, citing unidentified sources.The central bank and the government have been at loggerheads in recent weeks as the government ramps up pressure on the regulator to relax lending...Read More
* Indian rupee rises to its highest since Sept. 21* India 10-year bond yield falls to lowest since Aug. 2* Local elections, cenbank-govt rift to cap large gains - dealers (Updates to add details, background, quotes)By Suvashree ChoudhuryMUMBAI, Nov 14 (Reuters) - The Indian rupee and bonds gained in early trade on Wednesday, boosted by a fall in global oil prices and on the central bank's announce...Read More
Azarga Uranium (TSX: AZZ; US-OTC: PWURF) has increased the in-situ recovery measured and indicated resource at its Dewey Burdock uranium project in South Dakota.The project now contains 6.8 million measured and indicated tonnes grading 0.113% uranium for 16.93 million lb. uranium, a 97% increase over the previous resource. The measured resource alone increased 234%, from 4.12 million lb. uranium...Read More
* STOXX down 0.6 pct, Eurostoxx 50 down 0.6 pct* Italy down 0.8 pct as budget showdown looms* Oil stocks tumble as crude struggles* Copper slides, miners fall 2 pct (Updating prices, adding details)By Julien Ponthus and Helen ReidLONDON, Nov 14 (Reuters) - European shares hit their lowest in two weeks on Wednesday in a broadbased sell-off across oil, mining, technology and banking stocks amid rene...Read More
BRUSSELS, Nov 14 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- UK packaging business DS Smith SMDS.L to acquire Spanish corrugated packing provider Europac PYCE.MC (approved Nov. 14)NEW LISTINGSNoneEXTENSIONS AND OTHER CHANGES-- Germany's Thyssenkrupp TKAG.DE and India's Tata Steel TISC.NS to...Read More
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the dollar index.Following a decline in the oil price this morning due to increasing concerns over a global slowdown economic growth, it bounced 1.47% over the course of the...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.5 pct* Brexit deal still has to pass through some hoops* Smiths Group rises on healthcare spin-off plan* Debenhams tumbles on report of suppliers turning awayBy Helen ReidLONDON, Nov 14 (Reuters) - Britain's top stock index sank on Wednesday as mining companies and oil majors sold off amid growing anxiety...Read More
* European shares down as much as 1.2 pct* German, Japanese economies contract in Q3* Sterling volatility jumps to highest since 2017 election* US crude bounces after longest losing streak in decades* Italy budget woes put euro, Italian debt under pressure* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, Nov 14 (Reuters) - Oil struggled to find a floor and stocks tum...Read More
The first deals for special high-grade zinc supply in 2019 in Europe point to a decline in annual zinc premiums compared with this year's levels, but Nyrstar's financial troubles are complicating negotiations and raising concerns that supply may turn out to be tighter than anticipated."Not much has been done yet, but [the premium] seems to be lower than last year by at least $10-15 per t...Read More
The latest news and price moves to start the Asian day on Thursday November 15.Base metal prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the United States' dollar index. Read more in our live futures report.Here are how prices looked at the cl...Read More
RAPAPORT... Bonhams will spotlight a 24.31-carat diamond at its upcomingFine Jewels sale in London, estimating it will fetch $1.7 million to $2.3million. The step-cut, D-color, internally flawless diamond belongsto aprivate collector, and will come to auction for the first time on December 5. The sale will feature several Kashmir sapphires, including acushion-shaped, 8.08-carat sapphire ring...Read More
RAPAPORT... Sotheby's New York will auction a 20.60-carat diamond ring thatFrank Sinatra gifted to his wife on their engagement in 1976. The emerald-cut diamond ring is one of several pieces ofBarbara Sinatra's jewelry that will feature at the Magnificent Jewels auctionon December 4. Frank popped the question by throwing two diamonds on their bedand telling her to pick one. Once she had made...Read More
RAPAPORT... The World Diamond Council (WDC) has released its proposed newKimberley Process (KP) definition of conflict diamonds, which addresses abroader range of human-rights abuses. The definition describes them as "rough diamonds used bypublic security forces or private (including criminal or mercenary) armedgroups to acquire wealth through illegal control, bribery, taxation, extortionor d...Read More
RAPAPORT... Harry Winston bought a pink diamond for more than $50million at Christie's Magnificent Jewels sale in Geneva, setting a worldauction record. The rectangular-cut, 18.96-carat, fancy-vivid-pink stonewent for $50.4 million at the auction Tuesday, becoming the most expensive pinkdiamond Christie's has sold, the auction house said. At $2.7 million per carat,it also achieved...Read More
Golden Ridge Resources (TSX-V: GLDN) has completed its option agreement with Lac Properties Inc. (LAC), a subsidiary of Barrick Gold Corporation, and now has a 100% interest in the Hank project in British Columbia's Golden Triangle District.LAC will continue to hold a 2% NSR on the project as well as certain back-in rights. LAC has the option to purchase a 51% interest in the Hank Project upon a m...Read More
RAPAPORT... Mountain Province decided not to pay a quarterly dividend toshareholders due to challenging conditions in the diamond market, the minerreported. Demand for rough from its Gahcho Ku?(C) mine in Canada was sluggishin the third quarter amid weakness in India, the company said Monday. Prices oflower-value diamonds dropped even as sales increased 15% year on year to CAD74.9 million ($5...Read More
Shares in Canada's Stornoway Diamond Corp. (TSX:SWY) plummeted Wednesday after the miner reported a net loss of $37.6 million for the three months ended Sept. 30 and announced that chief executive officer Matt Manson will leave at the end of the year.Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011....Read More
Tin trades on the Indonesia Commodity & Derivatives Exchange (ICDX) have completely halted because of significant supply disruptions in the country, Fastmarkets heard on Wednesday November 14.The country is the world's second-largest producer of the metal, but the price of tin on the London Metal Exchange continued to show little reaction to the interruption to trading.A joint statement on October...Read More