Recent News

Can Gold Retain Its Safe-Haven Status?

January 22, 2019 / seekingalpha.com

As financial market volatility subsides, many think gold will suffer.Even as confidence returns, however, gold can still remain buoyant.Concerns over the global outlook will keep gold's fear factor intact.A question being asked by participants as global markets rebound is whether the gold price can maintain its upward trend? That gold benefited from the extreme financial market volatility late...Read More

ABB teams with major mining customer in Poland on new ways to use digital technologies

January 22, 2019 / www.mining.com

ABB is working closely with major mining customer Polska Grupa G??rnicza S.A. (PGG) on new ways to use digital technologies from the ABB AbilityTM MineOptimize portfolio to improve specific operations at PGG sites, as well as in new applications that will benefit the larger mining industry.The combination of the know-how of Polska Grupa G??rnicza and the global experience and capabilities of ABB's...Read More

#China Threatens Retaliation As US Confirms Plan To Extradite Huawei CFO | Zero Hedge

January 22, 2019 / www.zerohedge.com

DOJ officials have reportedly told a Canadian diplomat that the DOJ will submit its formal extradition request by the Jan. 30 deadline (the US has 60 days from the day of Meng's arrest in Vancouver to formally ask for extradition)...Read full newsRead More

Pharma Stock Down Despite 'Clinically Meaningful' FDA Nod

January 22, 2019 / www.schaeffersresearch.com

The FDA weighed in on the company's SMA treatmentThe shares of Cytokinetics, Inc. (NASDAQ:CYTK) are down 1.3% at $6.76 in earlytrading, reversing pre-market gains, despite theFood and Drug Administration's (FDA) sign-off on the "Six Minute Walk Test" (6MWT) as the primary endpoint for a reldesemtiv registration program among patients with spinal muscular atrophy (SMA) who have maintained ambulator...Read More

Mercedes-Benz will produce electric batteries in Poland - PM

January 22, 2019 / www.mining.com

WARSAW, Jan 22 (Reuters) - Daimler-owned Mercedes-Benz Cars will start producing electric batteries in Jawor, Poland, the Polish Prime Minister Mateusz Morawiecki said on Tuesday, as the company looks to ramp up its investments into electric batteries in the coming decade."We are very happy that an investor that has been with us for a few years has entrusted us again and in the same place in Jawor...Read More

South Africa's economy to grow to 1.3 percent in 2019 -World Bank

January 22, 2019 / www.mining.com

JOHANNESBURG - The World bank forecast higher South African economic growth this year compared with the previous year, but warned of risks such as global trade tensions and poor balance sheets of state-owned companies.The World Bank sees South Africa's gross domestic product growing by 1.3 percent this year, an improvement from a forecast of 0.9 percent for 2018.Economic growth would be supported...Read More

S.Africa's AMCU issues further strike threat to Sibanye

January 22, 2019 / www.mining.com

* Thousands march to protest wages at gold operations* Union hands over lists of demands* Threatens "full on strike" at firm's platinum site* Sibanye says management considering demandsJOHANNESBURG - A South African union representing just under half of all workers at Sibanye-Stillwater's platinum mine will extend a one-day strike if the company does not return to the negotiating table, its presid...Read More

Nike, Under Armour Stocks Get Upgrades

January 22, 2019 / www.schaeffersresearch.com

Both stocks just grabbed their highest closes in weeksNike Inc (NYSE:NKE) shares notched their highest close since October on Friday, and they're on the rise again today. Cowen and Company upgraded its opinion on the blue chip to "outperform" from "market perform" and boosted its price target to $90 from $80. In the note, analysts said they expect gross margins to improve for the company, helped i...Read More

Tanzania to cancel licenses for undeveloped mineral sites

January 22, 2019 / www.mining.com

Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said.The announcement comes amid a tax dispute between the state and Acacia Mining Plc, in which the government is demanding $190 billion in penalties, after claiming the company had under-declared export revenue since...Read More

Tanzania to cancel licenses for undeveloped mineral sites

January 22, 2019 / www.mining.com

Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said.The announcement comes amid a tax dispute between the state and Acacia Mining Plc, in which the government is demanding $190 billion in penalties, after claiming the company had under-declared export revenue since...Read More

BMO Capital Markets precious metals analyst Andrew Breichmanas has left the bank

January 22, 2019 / bit.ly

Analyst departure sees Canadian bank drop coverage of 18 mining companiesRead full newsRead More

There's a golden shelter from recession risks at these mines

January 22, 2019 / www.mining.com

There's a better potential haven than gold for investors spooked by the risk of a recession this year - mid-sized producers who've outperformed both bullion and the rest of the mining industry.Companies including Canada's Kirkland Lake Gold Ltd. and Australia's Northern Star Resources Ltd. have scope to extend gains and should be in focus for investors looking for a safe harbor, according to Joe F...Read More

There's a golden shelter from recession risks at these mines

January 22, 2019 / www.mining.com

There's a better potential haven than gold for investors spooked by the risk of a recession this year - mid-sized producers who've outperformed both bullion and the rest of the mining industry.Companies including Canada's Kirkland Lake Gold Ltd. and Australia's Northern Star Resources Ltd. have scope to extend gains and should be in focus for investors looking for a safe harbor, according to Joe F...Read More

eBay Stock Soars at Start of Historically Strong Week

January 22, 2019 / www.schaeffersresearch.com

Elliott Management is pushing for changes at the online retailerThe shares of eBay Inc (NASDAQ:EBAY) are up 12.1% to trade at $34.50, after the Wall Street Journal reported Elliott Management and Starboard Management hold stakes in the online retailer. Additionally, the former unveiled a letter sent to EBAY's board of directors outlining a five-point plan -- which includes dropping StubHub -- that...Read More

To meet climate goals, world urged to reuse natural resources

January 22, 2019 / www.mining.com

KUALA LUMPUR - More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday.Only about a tenth of the nearly 93 billion tonnes of materials utilised annually - including minerals, metals, fossil fuels and biomass - are currently put back into service, said a report by Amsterdam-based social enterprise...Read More

Gold Fields dismisses AngloGold merger report

January 22, 2019 / www.mining.com

South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More

Gold Fields dismisses AngloGold merger report

January 22, 2019 / www.mining.com

South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More

Gold Fields dismisses AngloGold merger report

January 22, 2019 / www.mining.com

South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More

This Tech Stock Is Making Some Serious Moves...

January 22, 2019 / www.schaeffersresearch.com

This company's innovative products have industry heavyweights paying close attention as they work towards becoming a leader in the VR and AR multi-billion dollar markets.With the enormous potential for VR and AR, both technologies have created interest and excitement through multiple industries and corporate sectors.Building on its past work for some of the most noteworthy companies in the world,...Read More

Jervois Mining offers C$16.6m in shares for Uganda cobalt projects

January 22, 2019 / www.mining.com

MELBOURNE - Australian cobalt developer Jervois Mining said on Tuesday it has agreed to buy a Canadian cobalt explorer with operations in Uganda, as the hunt for quality mines in the battery materials sector gains pace.Jervois, which is backed by ex-Glencore executives, is offering one of its shares for every share in M2 Cobalt, valuing the Canadian company at C$16.6 million ($12.5 million), a 4.5...Read More

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