South32 could cut about 500 jobs at its Hillside aluminium smelter in South Africa's coastal province of KwaZulu-Natal, trade union Solidarity said, in a restructuring the company said is designed to reduce costs and help it contend with volatility in commodities markets.The Australia-listed company is planning to cut 500 of the 1,300 employees at the Hillside site, Solidarity said on Tuesday."The...Read More

South Africa's Kumba Iron Ore Ltd on Tuesday reported slightly lower full-year headline earnings for 2018, due to a dip in revenue and lower sales volumes.The company, a unit of Anglo American, said headline earnings came in at 30.28 rand ($2.14) per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago.Headline EPS is the primary profit measure in South Africa, and strips out c...Read More

The key to getting monster-sized returns in mining equities is to be small, according to managers of the Plethora Precious Metals Fund.With only 18 million euros ($20 million) in assets, Plethora Precious Metals is a minnow in contrast to giants such as Blackrock Inc. and Vanguard Group Inc. While investment funds generally try to increase assets to share success and rake in higher fees, this Dutc...Read More

The key to getting monster-sized returns in mining equities is to be small, according to managers of the Plethora Precious Metals Fund.With only 18 million euros ($20 million) in assets, Plethora Precious Metals is a minnow in contrast to giants such as Blackrock Inc. and Vanguard Group Inc. While investment funds generally try to increase assets to share success and rake in higher fees, this Dutc...Read More

BHP Group, the world's biggest miner, doesn't have capacity to raise shipments into the iron ore market as competitor Vale SA faces outages following the fatal mining disaster in Brazil last month.The global iron ore market has been thrown upside down by the tragedy, after Vale was forced to shutter operations and the Brazilian government said it's banning certain types of dams used to hold mining...Read More

Intercept Pharmaceuticals announced that its NASH drug met one of the goals in a late-stage studyThe shares of Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) are soaring in early trading -- up 15.4% at $127.93 -- after the company announced that its treatment for liver fibrosis caused by nonalcoholic steatohepatitis (NASH) achieved one of the primary goals of a late-stage study. The stock peaked at...Read More

The controversial pizza name was also hit with a price-target cutShares of pizza maker Papa John's International, Inc. (NASDAQ:PZZA) are down 2.8% at $43.99, after receiving a downgrade to "sell" from "hold" at Stifel. The brokerage firm also slapped the pizza stock with a $3 price-target cut to $35, and trimmed its 2019 earnings estimates for the company. The analyst said Papa John's "will need...Read More

There's heavy open interest at the 200 strike on MCDMcDonald's Corp (NYSE:MCD) is trading up 0.9% this morning at $181.54 following a bull note out of Stephens. The brokerage firm raised its rating on MCD stock to "overweight" from "equal weight," and kept its $200 price target, saying the company's lowered expectations for 2019 have opened the door for upside surprises for the year. Generally spe...Read More

Chile's Superintendency of the Environment (SMA) filed charges against Lumina Copper on Tuesday for infractions to the provisions established in its Resolutions of Environmental Rating (RCA), both at the Caserones mine and the Electric Transmission Line necessary for the development of the project.Lumina Copper faces fines of up to $54.8 million for infractions to the provisions established in it...Read More

Chile's Superintendency of the Environment (SMA) filed charges against Lumina Copper on Tuesday for infractions to the provisions established in its Resolutions of Environmental Rating (RCA), both at the Caserones mine and the Electric Transmission Line necessary for the development of the project.Lumina Copper faces fines of up to $54.8 million for infractions to the provisions established in it...Read More

Chile's Superintendency of the Environment (SMA) filed charges against Lumina Copper on Tuesday for infractions to the provisions established in its Resolutions of Environmental Rating (RCA), both at the Caserones mine and the Electric Transmission Line necessary for the development of the project.Lumina Copper faces fines of up to $54.8 million for infractions to the provisions established in it...Read More

For all the attention lavished on gold for its relative durability during this global dash into risk, the real story could be the companies digging it out of the ground.A growing chorus of big names - including everyone from the quants at Bernstein to Pictet's multi-asset team - is turning increasingly bullish on miners as late-cycle angst and industry shifts make conditions ripe for a prolonged r...Read More

Dr. John-Mark Staude reportsRIVERSIDE SIGNS DEFINITIVE OPTION AGREEMENT AND RECEIVES CASH AND SHARES FROM PARTNER Riverside Resources Inc. partner Sinaloa Resources Inc. entered into a definitive agreement signed on Jan. 30, 2019, that begins with an initial option to acquire a 70-per-cent interest in the La Silla project. Sinaloa Resources has issued Riverside one million common shares and now pa...Read More

Dr. John-Mark Staude reportsRIVERSIDE SIGNS DEFINITIVE OPTION AGREEMENT AND RECEIVES CASH AND SHARES FROM PARTNER Riverside Resources Inc. partner Sinaloa Resources Inc. entered into a definitive agreement signed on Jan. 30, 2019, that begins with an initial option to acquire a 70-per-cent interest in the La Silla project. Sinaloa Resources has issued Riverside one million common shares and now pa...Read More

Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported citing sources on Tuesday.The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.The company also plans to lay off about 2,000 employees, mostly contractors, at the Mutanda mine...Read More

* AngloGold reports earnings rise* Looks to sell interest in Cerro Vanguardia* Approves Quebradona project feasibility study (Recasts with asset sale, adds CEO comments)South Africa's AngloGold Ashanti said on Tuesday it was putting its interests in an Argentine mine up for sale as it looks to focus on operations with a longer shelf life and ability to deliver higher returns.AngloGold Chief Execut...Read More

* AngloGold reports earnings rise* Looks to sell interest in Cerro Vanguardia* Approves Quebradona project feasibility study (Recasts with asset sale, adds CEO comments)South Africa's AngloGold Ashanti said on Tuesday it was putting its interests in an Argentine mine up for sale as it looks to focus on operations with a longer shelf life and ability to deliver higher returns.AngloGold Chief Execut...Read More

Mr. Dominique Bouchard reports ARIANNE PHOSPHATE APPOINTS MR. JEAN FONTAINE TO ITS BOARD OF DIRECTORS AND PROVIDES CORPORATE UPDATE Arianne Phosphate Inc. has appointed Jean Fontaine to the company's board of directors.Mr. Fontaine is the founder and president of Jefo Nutrition Inc., a global leader in high performance, non-medicated nutritional solutions for animals.Founded in 1982, Jefo Nutritio...Read More

Mr. Dominique Bouchard reports ARIANNE PHOSPHATE APPOINTS MR. JEAN FONTAINE TO ITS BOARD OF DIRECTORS AND PROVIDES CORPORATE UPDATE Arianne Phosphate Inc. has appointed Jean Fontaine to the company's board of directors.Mr. Fontaine is the founder and president of Jefo Nutrition Inc., a global leader in high performance, non-medicated nutritional solutions for animals.Founded in 1982, Jefo Nutritio...Read More

Trade negotiations between the countries will continue todayDow Jones Industrial Average (DJI) futures are slipping as Wall Street anxiously awaits new information regarding trade negotiations between the U.S. and China. Another round of talks kick off today, with more senior-level officials set to meet on Thursday. Investors hope the two countries can hammer out a deal before March 1, when increa...Read More