JOHANNESBURG - South Africa's Association of Mineworkers and Construction Union (AMCU) is planning to strike at Sibanye-Stillwater's local platinum operations, it said on Monday, expanding an earlier stoppage affecting its gold facilities.Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence and the firm has said i...Read More

JOHANNESBURG - South Africa's Association of Mineworkers and Construction Union (AMCU) is planning to strike at Sibanye-Stillwater's local platinum operations, it said on Monday, expanding an earlier stoppage affecting its gold facilities.Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence and the firm has said i...Read More

Australia's Peninsula Energy Ltd (ASX:PEN) is on track to achieve its production guidance of 90,000 to 110,000 pounds U3O8 (triuranium octoxide) at the Lance Uranium Projects in Wyoming, US for the financial year ending June 30, 2019.The company's production during the December 2018 quarter was 20,364 pounds of U3O8, slightly below the quarterly guidance range of 22,500 to 27,500 pounds U3O8 s...Read More

Wall Street is overwhelmingly bearish on SnapSocial media name Snap Inc (NYSE:SNAP) received some rare upbeat attention from the analyst community this morning. Citigroup upgraded its opinion on the security to "neutral" from "sell" and lifted its price target to $7 from $6, listing a number of potential positives for the company. To be more specific, Citi is expecting a new version of the Snapcha...Read More

OSLO - Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors.The global initiative, launched by Britain's former prime minister Tony Blair in 2002, requires member countries to disclose how they allocat...Read More

OSLO - Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors.The global initiative, launched by Britain's former prime minister Tony Blair in 2002, requires member countries to disclose how they allocat...Read More

OSLO - Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors.The global initiative, launched by Britain's former prime minister Tony Blair in 2002, requires member countries to disclose how they allocat...Read More

"Negative, high-profile shifts in #investmentrisk profile for two of #Africa's most prominent #mining addresses cast a dark shadow over the continent in 2018 https://t.co/sX2rffvMk7 #MJWorldRiskReport #investment #finance #gold #guinea #burkinafaso #mali #DRC #mozambique #tanzania"Read full newsRead More

BOOT stock is up after the company announced preliminary earnings The shares of Boot Barn Holdings Inc (NYSE:BOOT) are up 11.7% at $21.65 in early trading, after the company's preliminary fiscal third-quarter earnings forecast exceeded analyst expectations. The retail name is already a top performer on the New York Stock Exchange today, and is set for its best session since August. BOOT stock just...Read More

The brokerage firm cited weak average selling prices for NAND and DRAMThe shares of Micron Technology, Inc. (NASDAQ:MU) are down 4.6% at $34.35, after Morgan Stanley cut its full-year earnings estimate for the chipmaker, citing weak NAND and DRAM prices. Analyst Joseph Moore now sees Micron reporting current-quarter earnings of $1.52 per share, and a 2019 profit of $6.83 per share -- the second lo...Read More

MBOT shed 88.8% in 2018The shares of Microbot Medical Inc (NASDAQ:MBOT) are up a whopping 70% in electronic trading this morning, after the medical device maker was granted a patent for its ViRob technology platform by the European Patent Office. The company also reported upbeat study results from its self-cleaning shunt designed for traumatic brain injury. MBOT is set to open as the top stock o...Read More

Citigroup stock is set to fall after earningsDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as Wall Street prepares for fourth-quarter earnings season. Banking name Citigroup (C) kicked things off bearishly this morning, reporting a surprise drop in quarterly revenue, setting the stage ahead of earnings reports from fellow big banks throughout the week. Weak...Read More

Get the details on this cannabis company before it catches Wall Street's attention!The rapidly growing cannabis space has provided some of the most exciting investmentopportunities, and investors are trying to get their hands on the next explosive stock, and one company has been catching the eye of investors... to the tune of $4 billion!A report from the cannabis industry research firm BDS Analyti...Read More

Russia's Alrosa (MCX:ALRS), the world's top diamond producer by output, is returning to Zimbabwe after almost two years, as the company continues to expand in Eurasia.The miner will develop exploration and extraction operations in the country as long as it counts with support of the government, it said on the eve of talks in Moscow between Zimbabwe's President and Vladimir Putin.Alrosa opened an...Read More

Many new shorts are now in a losing position, which might generate covering"If you're a long-term investor, and have stayed pat, you're hoping that this is 1987, 1990, 2011, or 2016, when the decline to the 160-week moving average was the end of 'it.'"-- Monday Morning Outlook, December 24, 2018"[T]he early 2018 lows around SPX 2,580 that, when breached in December, saw the proverbial bottom fall...Read More

The uranium market has significantly struggled since the Fukushima accident in 2011, which caused the nuclear power industry to retrench.Uranium was trading at US$70 per pound before Fukushima and has traded precipitously down since then, hitting US$19.60 at one point in 2017. At those levels, some analysts estimate 95 per cent of uranium mines are underwater cost-wise.Fortunately, thanks to a cou...Read More

The first competitive bid sale of large and premium-quality diamonds from the Lulo diamond mine will take place on January 31, 2019, in the Angolan capital of Luanda.According to a press release issued by Australia's Lucapa Diamond (ASX:LOM), owner of a 40% stake in the prolific mine, the stones for sale will the first diamonds offered in a competitive process under the new diamond marketing polic...Read More

The first competitive bid sale of large and premium-quality diamonds from the Lulo diamond mine will take place on January 31, 2019, in the Angolan capital of Luanda.According to a press release issued by Australia's Lucapa Diamond (ASX:LOM), owner of a 40% stake in the prolific mine, the stones for sale will the first diamonds offered in a competitive process under the new diamond marketing polic...Read More

In an interview with the Sunday Mail, the Chief Executive Officer of state-owned Zimbabwe Consolidated Diamond Company, Moris Mpofu, revealed that the company plans to invest $32 million in exploration projects this year.Such projects involve reopening mines in Chiadzwa, home to the Marange diamond fields, and other parts of the country, as well as launching new operations in the Save River floor...Read More

In an interview with the Sunday Mail, the Chief Executive Officer of state-owned Zimbabwe Consolidated Diamond Company, Moris Mpofu, revealed that the company plans to invest $32 million in exploration projects this year.Such projects involve reopening mines in Chiadzwa, home to the Marange diamond fields, and other parts of the country, as well as launching new operations in the Save River floor...Read More