Brazil's Vale SA, the world's largest iron ore miner, will invest some 1.5 billion reais ($400 million) starting in 2020 to reduce its reliance on tailings dams, it said late on Tuesday, after one dam collapsed last month, likely killing more than 300 people.The dam at the Feijao do Corrego mine burst on Jan. 25 in the town of Brumadinho, in what is possibly Brazil's most deadly mining disaster. R...Read More

The response to the horrendous dam collapse at a mine owned by Brazil's Vale has focused on iron ore prices and how a disaster that will likely claim more than 300 lives occurred, and what must be done to make sure this doesn't happen again.These are valid concerns, but the risk of focusing on the immediate issues is that the much larger problems of the mining industry are once again glossed over....Read More

Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.Government plans to jump-start the Saudi mining sector form part of a broader industrial strategy aimed at diversifying the economy and attracting private-sector investments worth 1.6 trillion riyals...Read More

Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.Government plans to jump-start the Saudi mining sector form part of a broader industrial strategy aimed at diversifying the economy and attracting private-sector investments worth 1.6 trillion riyals...Read More

This is shaping up to be the worst day in roughly a decade for EA and TTWOVideo game stocks are getting trounced this morning, after two industry giants faltered in the earnings confessional. First, there's Take-Two Interactive Software, Inc. (NASDAQ: TTWO), down 13.4% to trade at $92.93 after reporting weaker-than-expected fiscal third-quarter earnings, even as revenue topped expectations. The...Read More

Humana reported fourth-quarter earnings and revenue that beat analysts' expectationsThe shares of Humana Inc (NYSE:HUM) were up in pre-market trading, after the health insurance concern announced fourth-quarter profit and revenue that beat analysts' expectations, thanks to growth in Medicare Advantage plans. However, they quickly reversed course, now down 3.3% at $293.26, after the company's ch...Read More

* Govt working to unblock giant Simandou iron ore project* Infrastructure cost is considered a major obstacleGuinea stands by its requirement that output from the long-delayed Simandou iron ore project must be exported from a Guinean port, despite the collapse of a deal aimed at jump-starting development, its mines minister said on Wednesday.Simandou is one of the world's biggest iron deposits, co...Read More

MGNX has more than doubled todayMacroGenics Inc (NASDAQ:MGNX) is blowing up today, skyrocketing 172% to trade at $30.21. The monster move is a result of a positive late-stage trial update for the company's breast cancer treatment, Margetuximab. This price action puts the stock back near its 52-week high of $32.74 from 11 months ago, and comes just two days after the shares touched an all-time low...Read More

Snap is headed toward its best day in almost a yearThe shares of Snap Inc (NYSE:SNAP) have surged 25.5% out of the gate to trade at $8.82. Fueling the upside is the Snapchat parent's impressive earnings report, as well as a round of bullish brokerage notes. As such, SNAP stock is set for its best day since Feb. 7, 2018, when it jumped 47.6% in a single session. For the fourth quarter, Snap unveile...Read More

Zambia, Africa's second-largest copper producer, sees recent changes to its mining royalties regime as fair and won't consider a review despite warnings from the industry that it could deter investment and result in job losses, Finance Minister Margaret Mwanakatwe said."There is no renegotiation taking place because a law has been passed in parliament to change the tax regime""There is no renegoti...Read More

Zambia, Africa's second-largest copper producer, sees recent changes to its mining royalties regime as fair and won't consider a review despite warnings from the industry that it could deter investment and result in job losses, Finance Minister Margaret Mwanakatwe said."There is no renegotiation taking place because a law has been passed in parliament to change the tax regime""There is no renegoti...Read More

South Africa's biggest gold producer would consider buying more assets in the country after paying off debt from previous acquisitions.Sibanye Gold Ltd. hasn't discussed deals, but AngloGold Ashanti Ltd.'s Mponeng mine and Gold Fields Ltd.'s troubled South Deep operation would both fit into the company's portfolio, Chief Executive Officer Neal Froneman said in an interview in Cape Town. Still, for...Read More

General Motors is also set to gain after earningsU.S. stock futures are pointing to a slightly lower open this morning after President Donald Trump's State of the Union address last night. Traders will also be digesting another important dose of quarterly earnings reports, including well-received results from Walt Disney (DIS) and General Motors (GM). Elsewhere, Treasury Secretary Steven Mnuchin c...Read More

Iran is allegedly negotiating with Switzerland, South Africa, France, the United Kingdom, Russia, Austria, Germany and Bosnia to carry out financial transactions in cryptocurrency...Read full newsRead More

Digging into the RSI for the S&P 500The S&P 500 Index (SPX) has been ripping higher since Christmas, gaining 15% since then. The index just had its best month since October 2015, and its best January since 1987. As a result of these gains, the Relative Strength Indicator (RSI)is getting close to overbought territory. The RSI is a popular overbought/oversold indicator. It's an oscillator that range...Read More

Shares in Calidus Resources (ASX:CAI) soared 25% Wednesday after the company increased the mineral resource at its Warrawoona gold project in Western Australia's Pilbara region by a whopping 75%.The new mineral resource estimate now sits at 21.2 million tonnes grading 1.83g/t gold for 1.25 million ounces.About 64% of the new resources is in the confident indicated category status, with the higher-...Read More

Shares in Calidus Resources (ASX:CAI) soared 25% Wednesday after the company increased the mineral resource at its Warrawoona gold project in Western Australia's Pilbara region by a whopping 75%.The new mineral resource estimate now sits at 21.2 million tonnes grading 1.83g/t gold for 1.25 million ounces.About 64% of the new resources is in the confident indicated category status, with the higher-...Read More

RJK Explorations (TSXV: RJX.A) announced this week that it has entered into a property option agreement with Anthony "Tony" Bishop for the Bishop Nipissing diamond properties in Ontario, Canada.Kimberlite on Bishop Nipissing Diamond Claims. Photo by RJK.In a press release, RJK said the exploration properties total 2,090 hectares encompassing at least 18 potential kimberlite pipes located approxima...Read More

RJK Explorations (TSXV: RJX.A) announced this week that it has entered into a property option agreement with Anthony "Tony" Bishop for the Bishop Nipissing diamond properties in Ontario, Canada.Kimberlite on Bishop Nipissing Diamond Claims. Photo by RJK.In a press release, RJK said the exploration properties total 2,090 hectares encompassing at least 18 potential kimberlite pipes located approxima...Read More

* Vale supply concerns boost nickel * LME nickel stocks down* GRAPHIC-2019 asset returns: (Adds closing prices, updates positions)By Zandi ShabalalaLONDON, Feb 6 (Reuters) - Nickel hit its highest in morethan four months on Wednesday on concerns that a force majeureby Brazil's Vale on some iron ore contracts could lead torestrictions in its nickel supply.Benchmark nickel on the London Metal Exchan...Read More