Russian billionaire Roman Abramovich sold $551 million worth of shares in mining giant Norilsk Nickel on Tuesday during an accelerated bookbuilding deal (ABB), the deal's arranger VTB Capital said.The shares, accounting for a 1.7 percent stake in the world's largest palladium producer, were bought predominantly by British-based investors, with Russian investors also buying a third of the shares, D...Read More

Rite Aid just announced that several executives are stepping down The shares of Rite Aid Corporation (NYSE:RAD) are up 9.8% at $0.74 in early trading after the company announced that several executives would be leaving the company, including CEO John Standley, CFO Darren Karst, and COO Kermit Crawford. In addition to the C-suite shift, 400 corporate positions will also be cut. The stock is now pac...Read More

Can mining be green?That's certainly the ambition of some of the biggest companies in the sector. Rio Tinto Group last year became the first major miner to stop digging up coal altogether. Glencore Plc, historically one of the commodity's most vocal boosters, has promised to cap production at current levels."We have a portfolio free of coal and oil and gas," Rio's Chief Executive Officer Jean-Seba...Read More

The weed stock tagged a record peak out of the gateThe shares of Aurora Cannabis Inc (NYSE:ACB) are trading up 11.2% at $8.89, fresh off a new per-share record high of $8.92. Boosting the weed stock is news Nelson Peltz has signed on as a strategic advisor, and will work with the cannabis company to explore possible partnerships and expand its global reach.ACB stock is fresh off a three-day winnin...Read More

Eskom Holdings SOC Ltd.'s biggest union threatened a week-long shutdown at the South African power utility ahead of national elections in May in the latest sign of tensions between President Cyril Ramaphosa and organized labor.The National Union of Mineworkers opposes the government's plans to split Eskom into generation, transmission and distribution units, it said in a statement. The labor group...Read More

Wall Street analysts are very bullish on AERI sharesAerie Pharmaceuticals Inc (NASDAQ:AERI) is trading up 7.8% this morning at $49.38, after the company said the Food and Drug Administration (FDA) approved Rocklatan, a treatment for glaucoma patients. This will be the second drug to hit the market for AERI, and an analyst at Stifel expects FDA approval for Rocklatan to provide a boost to Aerie's r...Read More

Roman Abramovich's sale of a stake in Russia's biggest mining company shows investor appetite for the country's assets is returning.Crispian Investments Ltd., a company controlled by Chelsea Football Club owner Abramovich and his partners, increased the size of the offering in MMC Norilsk Nickel PJSC to 1.7 percent from the originally envisaged 1.25 percent because of the strength of demand. The s...Read More

Durable goods orders rose in January for the third straight monthDow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, trying to shake off headwinds from the controversy surrounding Boeing's (BA) 737 MAX 8 aircraft. Global tensions remain high, as Britain's parliament will vote later today on whether to leave the European Union (EU) without a Brexit deal. Futures...Read More

Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said.According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, for...Read More

Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said.According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, for...Read More

Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said.According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, for...Read More

UK Data Economic reports from the UK showed that the GDP rose 0.2% in the three months to January. On a quarterly basis, the economy picked up the pace, rising 0.5%. The gains came from an increase in IT, health services and wholesale trading. This offset the declines from manufacturing in metals, cars and construction repairs. Manufacturing production rose 0.8% on the month beating estimates of a...Read More

Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More

Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More

Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More

This rare signal suggests otherwiseThe S&P 500 Index (SPX) has been ripping higher since Christmas. In fact, it's up 15% over the last 50 trading days, which is the best 50-day return in more than seven years. The obvious question is whether 15% in 50 days is too far, too fast? In other words, are we due for a pullback, or some sort of pause? This week, I'll look at the past to see how stocks perf...Read More

   •  The prevalent cautious mood underpins the commodity’s safe-haven demand.   •  A modest USD rebound and positive US bond yields seemed to cap strong gains.   •  Traders now eye US durable goods orders data for some meaningful impetus. Gold held on to its positive tone through the early European session on Wednesday and remained...Read More

(Updates prices) * British lawmakers to vote on no-deal Brexit at 1900 GMT * SPDR gold holdings rise for second day * Silver hits highest since March 1By Sumita LayekMarch 13 (Reuters) - Gold rose to a near two-week peak onWednesday, holding above the key $1,300 mark as uncertainty overBritain's exit from the European Union drove investors to safehaven assets.Spot gold was up 0.4 percent at $1,306...Read More

Brazil's government wants to enact rules that allow mining in indigenous reserves which occupy 13 percent of the country's territory and hopes it can get Congress to reconsider a decades-old proposal to do so, a Mines and Energy Ministry official told Reuters.Mining Secretary Alexandre Vidigal de Oliveira was asked to clarify comments made last week by Mines and Energy Minister Bento Albuquerque,...Read More

One of Australia's largest high-grade nickel producers, Western Areas (ASX: WSA), reported a significant increase in inbound off-take inquiries for nickel sulphide concentrate post current contract periods.According to the company's Managing Director, Dan Lougher, this new trend is primarily linked to the accelerating electric vehicle battery sector.Addressing the second day of the Paydirt 2019 Ba...Read More