Canada's influence on the global mining industry appears to be shrinking by the day.Perhaps stung by the nationalistic backlash against Barrick Gold Corp.'s merger with Randgold Resources Ltd., Newmont Mining Corp. devoted a big chunk of its news release Monday explaining how its $10 billion offer for Vancouver-based Goldcorp Inc. will help Canada."Munk would be rolling over in his grave at the tu...Read More
"Newmont will buy Goldcorp in a $10B all-share deal, creating the world's largest #gold producer with 8Mozpa | https://t.co/STGzxsRBYG #M&A $NEM $G"Read full newsRead More
Gary Goldberg isn't pulling the trigger on a $10 billion gold-mining acquisition because he has to, you know. The CEO of Newmont Mining Corp. said Monday morning of his acquisition of Goldcorp Inc.:Simply put, this is not a deal we have to do. This is a deal that we want to do.Sometimes, though, one's choices are influenced by the choices of others. In this case, Goldberg can't have failed to noti...Read More
Gary Goldberg isn't pulling the trigger on a $10 billion gold-mining acquisition because he has to, you know. The CEO of Newmont Mining Corp. said Monday morning of his acquisition of Goldcorp Inc.:Simply put, this is not a deal we have to do. This is a deal that we want to do.Sometimes, though, one's choices are influenced by the choices of others. In this case, Goldberg can't have failed to noti...Read More
* Palladium about $31 above gold * Investors eye Tuesday vote on Brexit deal * U.S. government shutdown, Fed view also supports gold (Updates prices)By Arijit BoseJan 14 (Reuters) - Gold prices rose on Monday as globalstocks fell on an unexpected drop in China's exports thatsignaled further weakening in the world's second-largest economyand prompted investors to seek safety in the precious metal.S...Read More
The transformation brought by renewable energies will alter the global distribution of power, relations between states, and the environmental drivers of geopolitical instability, according to a major international study published on Friday (11 January).Read full newsRead More
The significant diamond sector reforms being enacted by the President of Angola, His Excellency Joao Lourenco, to grow investment into the Angolan mining sector, will take another major step forward this month as the inaugural competitive bid sale of large and premium-quality diamonds from the high-quality Lulo diamond mine takes centre stage in the Angolan capital of Luanda.This commitment is nec...Read More
The significant diamond sector reforms being enacted by the President of Angola, His Excellency Joao Lourenco, to grow investment into the Angolan mining sector, will take another major step forward this month as the inaugural competitive bid sale of large and premium-quality diamonds from the high-quality Lulo diamond mine takes centre stage in the Angolan capital of Luanda.This commitment is nec...Read More
Regional heads of state backed a call by Democratic Republic of Congo opposition leader Martin Fayulu for a recount of last month's presidential election, as the country's Constitutional Court prepared to consider his challenge against the result.Opposition leader Felix Tshisekedi was declared the surprise winner of the Dec. 30 poll. If the Constitutional Court validates the electoral commission's...Read More
Regional heads of state backed a call by Democratic Republic of Congo opposition leader Martin Fayulu for a recount of last month's presidential election, as the country's Constitutional Court prepared to consider his challenge against the result.Opposition leader Felix Tshisekedi was declared the surprise winner of the Dec. 30 poll. If the Constitutional Court validates the electoral commission's...Read More
JPM has closed lower the day after earnings in six of the last eight quartersEarnings season gets underway this week, with several big-cap financial names set to report. Citigroup (C) took its turn in the earnings confessional bright and early this morning, unveiling a sharp drop in fixed-income trading revenue. While C stock was last seen trading higher, sector peer JPMorgan Chase & Co. (NYSE:JPM...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
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