Rescue teams on Wednesday saved the last miner missing after an earth tremor struck a copper mine near the Polish town of Rudna, 70 miles east of the German border, the mine's owner said.KGHM Polska Miedz initially reported 14 miners missing after the tremor hit the mine early on Tuesday afternoon, 770 metres below the earth's surface. All but one of the miners were found on Tuesday. Some had suff...Read More
Rescue teams on Wednesday saved the last miner missing after an earth tremor struck a copper mine near the Polish town of Rudna, 70 miles east of the German border, the mine's owner said.KGHM Polska Miedz initially reported 14 miners missing after the tremor hit the mine early on Tuesday afternoon, 770 metres below the earth's surface. All but one of the miners were found on Tuesday. Some had suff...Read More
ArcelorMittal's application to bid for the Bosnian government's stake in the Ljubija iron ore mine has been rejected over procedural issues, prompting the world's largest steelmaker to warn of risks to the future of mining in the area.ArcelorMittal owns a steel plant in the central Bosnian town of Zenica where it processes iron ore from its mines in Prijedor in the north of the country.The governm...Read More
SNC-Lavalin Group Inc. won't reveal the location of a "serious problem" in its mining business that fueled an epic share rout Monday. But analysts are pointing the finger at Chile.AltaCorp Capital, Desjardins Capital Markets, Canaccord Genuity and Raymond James say a copper mine run by Codelco, Chile's state-owned copper producer, is the probable source of SNC's pain. SNC Chief Executive Officer N...Read More
Increased demand for battery materials used in electric vehicles has reignited interest in the mining sector now that the China-induced supercycle in commodities demand is levelling off.But if you rely on forecasts of EV take-up from the US Energy Information Administration, you may well wonder what the hype is about.The EIA Energy Outlook 2019, released last week, foresees uptake of electric vehi...Read More
Top iron ore producer Vale's decision to decommission its upstream tailings dams following the deadly dam burst on Friday at its facility in C??rrego do Feij??o, Brazil has lit a fire under iron ore prices.The Chinese import price of 62% Fe content ore jumped 5% on Wednesday to trade at $82.53 per dry metric tonne, according to data supplied by Fastmarkets MB. The price of the steelmaking raw mate...Read More
The shares are pacing for their worst day everThe shares of AC Immune SA (NASDAQ:ACIU) are down 68.3% at $3.40, after the company and partner Roche said they're halting late-stage trials of Alzheimer's drug crenezumab. The medical research concern said the drug would likely fail to meet its primary goal. ACIU stock is now plumbing new record lows -- dropping to $3.34 earlier -- and on pace for its...Read More
The chipmaker's Q4 profit was in-line with estimates, while revenue fell shortAdvanced Micro Devices, Inc. (NASDAQ:AMD) reported fourth-quarter adjusted profit of 8 cents per share -- in line with estimates -- while revenue of $1.42 billion fell just short of the forecast. However, the chipmaker said data center sales surged 8.5% in the three-month period to a record $986 million, and upped its 20...Read More
United Nations human rights experts called for an urgent and impartial investigation on Wednesday into the collapse of Vale's tailing dam in Brazil, which killed at least 99 people, as well as into the toxicity of the mining waste, which is now heading towards a river that provides drinking water to communities in five of the country's 26 states.The tailings dam used at Vale's C??rrego do Feij??o...Read More
Venezuelan lawmaker Jose Guerra dropped a bombshell on Twitter Tuesday: The Russian Boeing 777 that had landed in Caracas the day before was there to spirit away 20 tons of gold from the vaults of the country's central bank.The claim set off a welter of social media speculation and outrage. When asked how he knew this, Guerra provided no evidence.Just another outlandish comment from a lawmaker try...Read More
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
ZNGA has already added 14.5% in 2019The shares of Zynga Inc (NASDAQ:ZNGA) are up 1.8% to trade at $4.50 this morning, after Goldman Sachs initiated coverage on the game developer with a "buy" rating and $5.30 price target. This comes as Zynga prepares to report its fourth-quarter earnings next Wednesday, Feb. 6. Goldman's price target represents 20% upside from ZNGA's closing perch yesterday of...Read More
Venezuela is home to rich gold deposits and holds billions of dollars of foreign reserves in gold bars in the central bank's vaults. The question is, how much is there?The answer has taken on added significance as beleaguered President Nicolas Maduro faces increasing pressure to resign. Last week, countries including the U.S. and U.K. recognized the leader of the National Assembly, Juan Guaido, as...Read More
JNPR is on the short-sale restricted list todayJuniper Networks, Inc. (NYSE:JNPR) is trading down 8.8% this morning at $25.48, one of the worst stocks on the New York Stock Exchange (NYSE), after the tech company reported fourth-quarter revenue below estimates -- the first such miss in at least eight quarters -- due to notable weakness out of its cloud business. The company also issued a disappoin...Read More
Bitcoin Gold bulls rush to revenge following the devastating declines this week. BTG/USD adds a whopping 10% in a single day; the bullish moment to continue. Bitcoin Gold did not waste time consolidating the losses following the declines on Monday this week. The asset is leading the recovery with gains in the excess of 10% on the day. The ballistic move comes at a time when bulls have started to...Read More
Huge earnings, trade talks, and a Fed decision are all in focus todayThere is a ton happening on Wall Street today, and Dow Jones Industrial Average (DJI) futures are signaling a strong open as the rush gets underway. For starters, traders are reacting positively to earnings from Apple (AAPL) and Boeing (BA), just two of several high-profile names on the earnings slate today. The quarterly reports...Read More
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A closer look at January returns could be a bullish signStocks are off to a hot start in 2019. The S&P 500 Index (SPX) has gained over 5% with just a couple of days left in January. Based on historical data, it's important that stocks begin the year on a positive note. According to the January Barometer, the first month of the year is an indicator on how the rest of the year will play out. Below,...Read More
(Updates with closing prices)By Peter HobsonLONDON, Jan 30 (Reuters) - Nickel prices rose to athree-month high on Wednesday as investors worried that one ofthe world's largest producers, Brazilian miner Vale ,could curtail supply in an already tight market.Benchmark nickel on the London Metal Exchange (LME)closed up 1.9 percent at $12,350 a tonne.The stainless steel ingredient hit more than two-ye...Read More