Brazil - Three employees of Brazilian miner Vale SA and two contractors were arrested on Tuesday, prosecutors said, as a criminal investigation began after a devastating dam rupture expected to leave a death toll of more than 300 people.Vale said it was cooperating with investigators in the case, which has enraged Brazilians and raised fresh questions about the company's commitment to safety after...Read More

The number of miners missing after an earth tremor struck KGHM Polska Miedz's mine near the Polish town of Rudna, 70 miles east of the German border, fell to one from nine, the copper producer said on Twitter on Tuesday.Earlier KGHM spokesperson Anna Osadczuk told Reuters the miners were missing after the tremor hit the mine early this afternoon 770 metres below the earth's surface.Eleven teams to...Read More

The number of miners missing after an earth tremor struck KGHM Polska Miedz's mine near the Polish town of Rudna, 70 miles east of the German border, fell to one from nine, the copper producer said on Twitter on Tuesday.Earlier KGHM spokesperson Anna Osadczuk told Reuters the miners were missing after the tremor hit the mine early this afternoon 770 metres below the earth's surface.Eleven teams to...Read More

The South African government will soon debate whether to split up state power firm Eskom to make it financially viable, Public Enterprises Minister Pravin Gordhan said on Tuesday.Eskom is vital to the health of Africa's most industrialised economy as it supplies more than 90 percent of its power, but it is drowning in debt after a decade of steep financial decline."Should Eskom be unbundled into g...Read More

Nucor Corp handily beat fourth-quarter profit estimates, boosted by hefty tariffs on imported steel, and the company forecast first-quarter 2019 earnings to be stronger despite a fall in sheet prices and margins.Shares of the No.1 U.S. steel producer rose about 3 percent to $60.1 in morning trading on Tuesday, adding to the 14 percent gain so far this year. We posted record earnings per share and...Read More

The bull note comes ahead of the company's earnings release tomorrowJ.P. Morgan Securities moved its price target on Nasdaq Inc (NASDAQ:NDAQ) up to $91 from $89, expecting the recent pick-up in market volatility to result in increased trading volumes -- which obviously would be a boon for the exchange operator's business. This comes as the company just announced that its private market businessfac...Read More

Samarco Mineracao SA, the Brazilian mining venture that caused an environmental catastrophe in 2015, disclosed that it has been is in advanced debt restructuring talks just days after it's co-owner Vale SA suffered a similar dam rupture that has killed at least 65 people.The distressed joint venture owned by Vale and BHP Group Ltd. had reached a preliminary deal with creditors to restructure its d...Read More

The retail stock is headed toward its worst day since 2002The shares of GameStop Corp. (NYSE:GME) are crumbling on news the video game retailer said it is no longer considering selling itself, after it couldn't agree to financing terms with any potential buyers. In reaction, GME stock is down 25.4% at $11.56, putting it on track for its worst day since Dec. 19, 2002, when it lost 30%.It's already...Read More

The company reported disappointing fourth-quarter earnings and revenue The shares of Harley-Davidson Inc (NYSE:HOG) are spiraling this morning, down 7.5% at $33.84, after the motorcycle concern reported fourth-quarter earnings and revenue below analysts' expectations. The company said tariff costs surged in the quarter, and predicted an eight-year low in 2019 motorcycle shipments. Today, the secur...Read More

The struggling airliner is ripe for downgradesDelta Air Lines, Inc. (NYSE:DAL) has sat out the post-Christmas broad-market rally, with its 20-day moving average serving as a stiff ceiling in recent weeks. Plus, the shares recently formed a bearish flag pattern, suggesting more downside could be in store. There have been two downgrades to DAL already in January, but there's still ample room for mor...Read More

Mongolia is working with overseas investigators to look into claims of corruption at its giant Oyu Tolgoi copper mine, the country's anti-graft body said on Tuesday, after the re-arrest of a former minister suspected of "abuse of power".Bayartsogt Sangajav was first arrested last April and released in June in a probe into 2009 negotiations over the development of the mine, then owned by Canada's I...Read More

Mongolia is working with overseas investigators to look into claims of corruption at its giant Oyu Tolgoi copper mine, the country's anti-graft body said on Tuesday, after the re-arrest of a former minister suspected of "abuse of power".Bayartsogt Sangajav was first arrested last April and released in June in a probe into 2009 negotiations over the development of the mine, then owned by Canada's I...Read More

VYGR fell to a record low of $7.76 last ThursdayThe shares of Voyager Therapeutics Inc (NASDAQ:VYGR) are up 44% to trade at $11.58 this morning, after the gene therapy specialist inked a development deal with Neurocrine Biosciences (NBIX). The deal will focus on Parkinson's disease and Friedreich's ataxia treatments, and Voyager could get up to $1.7 billion in potential milestone payments on top...Read More

Canada's M2 Cobalt Corporation said on Tuesday that its initial drilling indicates that there may be more cobalt in Uganda than previously thought."We are excited so far that in this short time we got really promising results in three target areas," Jennifer Hinton, the firm's director for East Africa operations, told Reuters.Any discoveries would add much-needed diversity in the supply of cobalt,...Read More

After publication of the INK Morning Report this morning, IMV (IMV) released an update on its DPX-Survivac Program following a routine meeting with the FDA.In the release the company reports:the FDA acknowledged the potential for accelerated approvals in advanced ovarian cancer based on objective response rate (ORR) according to RECIST 1.1 criteria with reported median duration of response (DOR)....Read More

Germany's TUEV SUED on Tuesday said two of its employees have been arrested in Brazil as authorities begin a criminal investigation in the wake of a devastating dam rupture in Brazil which has left over 300 people dead.Prosecutors in Brazil arrested three employees of Brazilian miner Vale SA and two contractors tasked with attesting to the safety of the Corrego do Feijao dam. TUEV SUED confirmed i...Read More

Tomasz Wi?>niewski16 hours ago (Jan 29, 2019 9:14 AM GMT)Gold starts this week on the front foot. Today, the precious metal is making new yearly highs and is currently fighting on a very important horizontal resistance around the 1307 USD/oz.This area is crucial for the Gold since early 2015. Once buyers will manage to break this resistance, the way towards 1357 will be opened. We said that a few...Read More

Apple is set to report earnings after the closeDow Jones Industrial Average (DJI) futures are trading modestly above fair value this morning, with Wall Street's focus staying on earnings and global relations. For earnings, Dow components 3M (MMM), Pfizer (PFE), and Verizon (VZ) all reported this morning, and Apple (AAPL) is set to reveal its quarterly report after the close. On the international f...Read More

The world's largest miner, BHP, (ASX:BHP) is considering whether to appeal an Australian Federal Court's decision related to income derived from its Singapore-based marketing unit, which has left the company with an A$82 million ($59m) tax bill.In November, BHP won the case with the Australian Taxation Office (ATO) in an administrative court, but the Federal Court heard an appeal from the tax aut...Read More

The metals have been in a consolidation for over two years.I think there is still more frustration ahead for the metals longs.I am looking to begin another pullback shortly, which will be a major buying opportunity.There has been no trade more frustrating than the metals complex for the last several years. In fact, I cannot remember the last time I had to wait so long for a pullback to complete. S...Read More