Recent News

Sandvik Mining and Rock Technology unveiling new optimization tech at Goldcorp's #DisruptMining

February 28, 2019 / www.mining.com

OptiMine (R) Digital Operation CenterContinuing the development of its award-winning OptiMine (R) platform, Sandvik is introducing the newest OptiMine (R) features, focused on analytics and visualization, at Goldcorp's #DisruptMining event."More and more, the mining industry is recognizing the value of information to get the most out of their operations," said Petri Mannonen, OptiMine (R) Product...Read More

China's strong imports help explain low LME metal stock

February 28, 2019 / www.mining.com

If you're wondering why London Metal Exchange (LME) stocks of metals such as copper and zinc are so low, part of the answer lies with the current strength of Chinese imports.LME copper stocks, excluding metal awaiting load-out, currently total a meagre 21,600 tonnes, the lowest since 2005.There are just 52,650 tonnes of "live" LME zinc stocks, a level not seen this century.Lead can be added to the...Read More

China's strong imports help explain low LME metal stock

February 28, 2019 / www.mining.com

If you're wondering why London Metal Exchange (LME) stocks of metals such as copper and zinc are so low, part of the answer lies with the current strength of Chinese imports.LME copper stocks, excluding metal awaiting load-out, currently total a meagre 21,600 tonnes, the lowest since 2005.There are just 52,650 tonnes of "live" LME zinc stocks, a level not seen this century.Lead can be added to the...Read More

The Easy Way to Choose Stock Trades

February 28, 2019 / www.schaeffersresearch.com

A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More

$BHP has added three women to its senior leadership team, including the return of Olympic Dam boss Laura Tyler to t...

February 28, 2019 / twitter.com

"$BHP has added three women to its senior leadership team, including the return of Olympic Dam boss Laura Tyler to the c-suite as chief geoscientist, on top of her mine-running role | https://t.co/HtpE40hoyo"Read full newsRead More

Aurubis still on lookout for acquisitions -CEO

February 28, 2019 / www.mining.com

Aurubis AG, Europe's biggest copper smelter, is still seeking growth via acquisitions, CEO Juergen Schachler said on Thursday."As a practically debt-free company we possess a comfortable financial scope," Schachler told shareholders in Hamburg."But we intend to undertake small or medium-sized acquisitions rather than a large transaction."Schachler repeated a previous forecast for the 2018/19 finan...Read More

Aurubis still on lookout for acquisitions -CEO

February 28, 2019 / www.mining.com

Aurubis AG, Europe's biggest copper smelter, is still seeking growth via acquisitions, CEO Juergen Schachler said on Thursday."As a practically debt-free company we possess a comfortable financial scope," Schachler told shareholders in Hamburg."But we intend to undertake small or medium-sized acquisitions rather than a large transaction."Schachler repeated a previous forecast for the 2018/19 finan...Read More

Fatality at Essakane

February 28, 2019 / www.mining.com

IAMGOLD Corporation ("IAMGOLD" or the "Company") deeply regrets to report the death of a contractor's employee due to an equipment fire at its Essakane Mine in Burkina Faso, West Africa.The incident occurred at the end of the night shift and during the operation of the contractor haul truck on site. Essakane's Emergency Response Team was immediately activated. The appropriate government authoritie...Read More

Para Resources announces the start up of the Gold Road mill

February 28, 2019 / www.mining.com

Para Resources Inc. (the "Company" or "Para") is pleased to announce the successful re-start of the Gold Road mill and CIL plant. Low-grade inventory is being used for the initial feed in order to properly balance the system. Higher grade production from current mining faces will be fed to the plant once steady state conditions are achieved, expected within several weeks. The full circuit, includi...Read More

Para Resources announces the start up of the Gold Road mill

February 28, 2019 / www.mining.com

Para Resources Inc. (the "Company" or "Para") is pleased to announce the successful re-start of the Gold Road mill and CIL plant. Low-grade inventory is being used for the initial feed in order to properly balance the system. Higher grade production from current mining faces will be fed to the plant once steady state conditions are achieved, expected within several weeks. The full circuit, includi...Read More

Chilean miner SQM sees uncertain short-term demand for lithium

February 28, 2019 / www.mining.com

Chilean miner SQM said on Thursday it foresees strong long-term demand for lithium but offered a short-term prognosis clouded by the entry of new projects into the market and slowing growth of demand for the product this year.The company's new chief executive, Ricardo Ramos Rodriguez, said in an earnings call he expected sales volume in 2019 to rise slightly from 2018, along with modestly higher a...Read More

South African court orders miners' union to suspend planned industry-wide strike

February 28, 2019 / www.mining.com

South Africa's labour court has ordered a mineworkers' union to suspend its plans for an industry-wide strike from Feb. 28 to March 7 until it issues a ruling on whether to block the action, the union and producer Lonmin said on Thursday.The Association of Mineworkers and Construction Union (AMCU) has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute and an...Read More

Penny Stock Gapping Higher on FDA News

February 28, 2019 / www.schaeffersresearch.com

A short squeeze could propel the shares even higherShares of T2 Biosystems Inc (NASDAQ:TTOO) are surging this morning, after the Food & Drug Administration (FDA) granted a "Breakthrough Device" designation for the company's gene diagnostic panel. At last check, TTOO is 29% higher at $4.86, pacing for its best session ever.Analysts have been swift to voice their opinions on the FDA decision, with...Read More

New Lows Ahead for This Healthcare Stock, Says Analyst

February 28, 2019 / www.schaeffersresearch.com

The shares gapped lower after Morgan Stanley cut to "underweight"Electronic medical records provider Cerner Corporation (NASDAQ:CERN) was slapped with a downgrade to "underweight" from "equal weight" at Morgan Stanley, which cited challenging long-term growth prospects. The brokerage firm also sliced its price target on CERN shares to $47 from $68 -- representing expected downside of 17.5% from We...Read More

China's 2018 coal usage rises 1%, but share of energy mix falls

February 28, 2019 / www.mining.com

* China coal use rises for 2nd year in absolute terms* Coal's share of total energy below 60 pct for 1st time* Biggest rise in CO2 emissions since 2013 -Greenpeace* Carbon intensity cut beats target -environment ministryChina's coal consumption rose for a second year in a row in 2018, but coal's share of total energy consumption fell below 60 percent for the first time as cleaner energy sources ga...Read More

L Brands Stock Stumbles on Weak Victoria's Secret Sales

February 28, 2019 / www.schaeffersresearch.com

L Brands reported a fourth-quarter earnings beat on in-line revenueThe shares of L Brands Inc (NYSE:LB) are down 6.4% at $25.64 in early trading, after the retailer reported weak fourth-quarter Victoria's Secret sales and a 2019 profit forecast that fell short of analysts' expectations -- offsetting a quarterly earnings beat and in-line revenue. The equity is now headed for its third straight loss...Read More

Platinum miners win reprieve as South Africa strike delayed

February 28, 2019 / www.mining.com

The world's biggest platinum miners won a reprieve after a South African court reserved judgment on whether to block a week-long industry strike that was scheduled to start Thursday night.The Association of Mineworkers and Construction Union called the action in sympathy with members at Sibanye Gold Ltd.'s gold mines, who downed tools over wages in November. Producers have warned the strike would...Read More

Baird Taps Tesla Stock as "Fresh Pick" Ahead of Big Announcement

February 28, 2019 / www.schaeffersresearch.com

The brokerage firm thinks skepticism toward Tesla is overblownIt's been a busy news cycle for Tesla Inc (NASDAQ:TSLA). Following Tuesday's headline the Securities and Exchange Commission (SEC) asked CEO Elon Musk be held in contempt for his tweets, the head of the electric car concern tweeted yesterday about "Some Tesla news" that will be unveiled at 5 p.m. EST today. And earlier, TSLA stock recei...Read More

A Needed Corrective Pause For Gold

February 28, 2019 / seekingalpha.com

After a 3-month rally, gold could use a brief "pause that refreshes".It looks like the metal may get this needed relief in coming days.Gold's larger recovery trend should remain fully intact, however.For the first time in several weeks, gold is starting to show signs of vulnerability as a key short-term trend line is being tested. This is despite recent weakness in the U.S. dollar, w...Read More

Arcadia Stock Set to Scale Nasdaq on New Cannabis Unit

February 28, 2019 / www.schaeffersresearch.com

RKDA has doubled in the last two monthsThe cannabis industry continues to infiltrate other sectors, and next up appears to be biotechs. The shares of Arcadia Biosciences Inc (NASDAQ:RKDA) are up a whopping 52.8% in electronic trading, after the company announced a new cannabis-focused business unit. Arcadia Specialty Genomics (ASG) will focus on the hemp market, with an eye toward "improved plant...Read More

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