Markets NFP Trade Talks Brexit Gold Mixed start ahead of jobs report It’s been a mixed start to trading on Friday, as we await the latest jobs report from the US. US futures are marginally higher but we have lost a little momentum. That may simply be because we’re awaiting the latest labour market data from the US, a report that is arguably the most closely followed each mo...Read More
Indonesia's first plant to produce battery-grade nickel chemicals is on track to start operations by 2020, though the project still needs an environmental permit that could take up to eight months to be approved, the developer told Reuters.China's Tsingshan Group and partners including GEM Co Ltd are building a $700 million high pressure acid leaching (HPAL) plant at the PT Indonesia Morowali Indu...Read More
The U.S. added a stronger-than-expected 196,000 new jobs last monthStock futures are signaling a higher open, after a report from China's Xinhua News Agency indicated Chinese President Xi Jinping communicated to U.S. President Donald Trump through Vice Premier Liu He that significant headway had been made in trade negotiations between the two countries, and a deal should made as quickly as possibl...Read More
The Investor Mining & Tailings Safety Initiative has requested that over 600 resource companies, including major miners, reveal the safety records of their waste storage facilities, following the collapse of Vale's Brumadinho dam in Brazil in January, which killed hundreds.Following the disaster, a group of 96 institutional investors (representing more than $10.3 trillion assets under managemen...Read More
The Investor Mining & Tailings Safety Initiative has requested that over 600 resource companies, including major miners, reveal the safety records of their waste storage facilities, following the collapse of Vale's Brumadinho dam in Brazil in January, which killed hundreds.Following the disaster, a group of 96 institutional investors (representing more than $10.3 trillion assets under managemen...Read More
The Investor Mining & Tailings Safety Initiative has requested that over 600 resource companies, including major miners, reveal the safety records of their waste storage facilities, following the collapse of Vale's Brumadinho dam in Brazil in January, which killed hundreds.Following the disaster, a group of 96 institutional investors (representing more than $10.3 trillion assets under managemen...Read More
The Investor Mining & Tailings Safety Initiative has requested that over 600 resource companies, including major miners, reveal the safety records of their waste storage facilities, following the collapse of Vale's Brumadinho dam in Brazil in January, which killed hundreds.Following the disaster, a group of 96 institutional investors (representing more than $10.3 trillion assets under managemen...Read More
Researchers from the University of British Columbia published the first scientific study of cobalt-blue spinel in Canada, a mineral that produces fine gemstones that range from red and pink to violet and blue.Spinel in dolomitic marble. Soper River spinel occurrence, Kimmirut area. Photo by Philippe BelleyPhilippe Belley, a recent PhD graduate of the department of earth, ocean and atmospheric scie...Read More
Researchers from the University of British Columbia published the first scientific study of cobalt-blue spinel in Canada, a mineral that produces fine gemstones that range from red and pink to violet and blue.Spinel in dolomitic marble. Soper River spinel occurrence, Kimmirut area. Photo by Philippe BelleyPhilippe Belley, a recent PhD graduate of the department of earth, ocean and atmospheric scie...Read More
During her opening address at the 6th Forum of the Africa-Belgium Business Week, Marie-Chantal Kaninda, executive director of the World Diamond Council, told global leaders that expanding the scope of the Kimberley Process to include issues related to human rights and labor relations will help create conditions in which Sub-Saharan Africa's artisanal diamond miners can meet their economic potentia...Read More
During her opening address at the 6th Forum of the Africa-Belgium Business Week, Marie-Chantal Kaninda, executive director of the World Diamond Council, told global leaders that expanding the scope of the Kimberley Process to include issues related to human rights and labor relations will help create conditions in which Sub-Saharan Africa's artisanal diamond miners can meet their economic potentia...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, April 5 (Reuters) - Zinc prices gained on Friday onconcerns about short-term shortages, but other industrial metalprices were mixed due to uncertainty about any U.S.-China tradedeal.While metals had been boosted earlier by U.S. PresidentDonald Trump's comments on Thursday that the two countries wereclose to a trade de...Read More
Gold price is driven by US bond yields, Fed interest rate expectations, and the US dollar - not supply and demand.Read full newsRead More
(Corrects headline and story to show annual house price growthslowed to 2.6 percent, rather than accelerated to 3.2 percent,after data provider Halifax published erroneous figures)LONDON, April 5 (Reuters) - British house price growthcooled in the first three months of 2019 in annual terms and theoutlook is likely to remain subdued, given Brexit uncertaintyand high property prices, mortgage lender...Read More
Japan's Mitsui & Co. will invest $30 million in Sigma Lithium Resources' (TSX-V: SGMA) project in Brazil, as demand for the metal used in the batteries that power electric vehicles is set to continue growing, keeping the market tight.The funds, together with a $40 million debt offering Mitsui granted Sigma, will allow the Canadian miner to begin building a processing plant at its Grota do Cirilo a...Read More
NYSE:AGI) ("Alamos" or the "Company") is pleased to announce that its Mulatos mine produced its two millionth ounce of gold in March 2019.At the current gold price, this represents a savings of approximately $65 per ounce, which has already been incorporated into previously disclosed guidance.ThisRead full newsRead More
Gold price is driven by US bond yields, Fed interest rate expectations, and the US dollar - not supply and demand.Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finishes up Thursday after White House economic adviser Larry Kudlow said "good headway" had been made in trade talks between the U.S. and China. Tesla (TSLA - Get Report) fell sharply after the electric carmaker reported disappointing first-quarter deliveries. Constellation Brands (STZ - Get...Read More
Antofagasta Minerals, a subsidiary of London-headquartered Antofagasta plc, has secured $1.3 billion in financing for the expansion of its Los Pelambres refined copper unit, 300km north of Santiago in Chile.Antofagasta Minerals aims to increase its annual copper concentrate production at the unit by 40,000 tonnes during the first year of operations, ramping up to an extra 70,000 tonnes p...Read More
Base metals prices on the London Metal Exchange were lower across the board at the close of trading on Thursday April 4, with an uptick in the dollar index capping upward moves while a marginal uptick in LME stocks this morning also provided a headwind to price action. The dollar index reached a high of 97.34 over the day's trading, spurring unfavorable conditions for commodity investment. The ind...Read More