Falcon Gold (TSXV: FG) reported that it completed its 2018 exploration program this week on the Esperanza Resources mineral concessions located in La Rioja province, western Argentina.According to Falcon Gold, the work program was focused on three of its seven concessions, namely ERSA VIII, IX, and X. The idea was to advance the company's knowledge of the historically identified gold, silver and c...Read More
SUEK is one of the world's leading coal producers, the largest coal producer, supplier and exporter in Russia, as well as a leading heat and electricity producer in Siberia.The recently signed order end of October includes the delivery of 10 Sandvik MB670-1 Bolter Miners and 2 Sandvik MH621 Roadheaders - with an option for another 2 Sandvik MH621 Roadheaders. The new machines will provide improved...Read More
Canada's Minister of Environment and Climate Change, Catherine McKenna, said this week that if mitigation measures are taken, Greenstone Gold Mines' Hardrock gold project is not likely to cause significant adverse environmental effects.The project consists of the construction, operation, decommissioning, and abandonment of an open pit gold mine and onsite metal mill located near Geraldton, in nort...Read More
Canada's Minister of Environment and Climate Change, Catherine McKenna, said this week that if mitigation measures are taken, Greenstone Gold Mines' Hardrock gold project is not likely to cause significant adverse environmental effects.The project consists of the construction, operation, decommissioning, and abandonment of an open pit gold mine and onsite metal mill located near Geraldton, in nort...Read More
Canada's Minister of Environment and Climate Change, Catherine McKenna, said this week that if mitigation measures are taken, Greenstone Gold Mines' Hardrock gold project is not likely to cause significant adverse environmental effects.The project consists of the construction, operation, decommissioning, and abandonment of an open pit gold mine and onsite metal mill located near Geraldton, in nort...Read More
* Coal bosses say coal needed for now* Big business seek to address investment risk* Coking coal for steel seen as a strategic mineralKATOWICE, Poland - Delegates at U.N. climate talks in the Polish city of Katowice point to the mining museum next to the conference venue as the proper place for coal, which provides 80 percent of the country's electricity.Poland's decision to host the negotiations...Read More
The Dow and S&P are set to close the week in the redThe Dow Jones Industrial Average (DJI) is sharply lower at midday, amid pressure from Johnson & Johnson (JNJ). The shares of the consumer products specialist are down on news the company was aware of asbestos in its baby powder products for years. Weakness in U.S. stocks is also attributed to concerns over the health of the global economy. Speci...Read More
China announced that it would temporarily halt additional tariffs on U.S.-made autos Shares of Ford Motor Co. (NYSE:F) are up 1.5% at $8.62 in earlytrading -- bucking the broad-market trend lower -- after China confirmed that it would postpone additional tariffs on U.S.-made cars for another three months. Ford Motor's Joe Hinrichs, president of the Americas unit, said, "We are very encouraged by...Read More
JOHANNESBURG, Dec 14 (Reuters) - The president of South Africa's Association of Mineworkers and Construction Union (AMCU) said on Friday that the union's Sibanye-Stillwater members remain on strike, disputing the miner's argument the action is now illegal.Joseph Mathunjwa was speaking at a media conference organised to respond to Sibanye's decision to extend a wage agreement in place with a number...Read More
* Discounts widen in India, jewellers hold off on fresh purchases* Activity quiet in China, premiums narrow to $5-$6.50/oz* Singapore premiums ease slightly to $0.50-$0.60/ozDec 14 - Demand for physical gold was lacklustre in major Asian hubs this week as high prices dented bullion's appeal going into the holiday season, with buying interest in second biggest consumer India likely to be subdued fo...Read More
* Discounts widen in India, jewellers hold off on fresh purchases* Activity quiet in China, premiums narrow to $5-$6.50/oz* Singapore premiums ease slightly to $0.50-$0.60/ozDec 14 - Demand for physical gold was lacklustre in major Asian hubs this week as high prices dented bullion's appeal going into the holiday season, with buying interest in second biggest consumer India likely to be subdued fo...Read More
Nigeria's first gold refinery, located in the southwestern state of Ogun, is scheduled to be completed by the end of June, according to Kian Smith Trade & Co Ltd., the local company developing it.The refinery will initially be able to produce 3 metric tons of gold each month, and 1 ton of silver, Kian Smith said in a statement. The company said it will supply the nation's central bank, as well as...Read More
Nigeria's first gold refinery, located in the southwestern state of Ogun, is scheduled to be completed by the end of June, according to Kian Smith Trade & Co Ltd., the local company developing it.The refinery will initially be able to produce 3 metric tons of gold each month, and 1 ton of silver, Kian Smith said in a statement. The company said it will supply the nation's central bank, as well as...Read More
ITM options are more conservative, while more aggressive traders may prefer OTM contractsWhen selecting the right option to buy, a trader has several choices to make. One is whether to purchase an in-the-money (ITM) or out-of-the-money (OTM) option. While the goal for "vanilla" buyers is to have the option be in the money at expiration, the selected option depends on the amount the trader wants to...Read More
Canada's Dominion Diamond Mines and Rio Tinto shocked the market on Friday by unveiling what is believed to be the largest diamond ever found in North America, measuring in about the size of a chicken-egg.The 552-carat yellow gem quality stone, unearthed in October, measures around 3cm by 5.5cm, almost three times the size of the next largest stone ever found in Canada, Dominion - which owns 40% o...Read More
Canada's Dominion Diamond Mines and Rio Tinto shocked the market on Friday by unveiling what is believed to be the largest diamond ever found in North America, measuring in about the size of a chicken-egg.The 552-carat yellow gem quality stone, unearthed in October, measures around 3cm by 5.5cm, almost three times the size of the next largest stone ever found in Canada, Dominion - which owns 40% o...Read More
Canada's Dominion Diamond Mines and Rio Tinto shocked the market on Friday by unveiling what is believed to be the largest diamond ever found in North America, measuring in about the size of a chicken-egg.The 552-carat yellow gem quality stone, unearthed in October, measures around 3cm by 5.5cm, almost three times the size of the next largest stone ever found in Canada, Dominion - which owns 40% o...Read More
In his latest Howestreet.com broadcast with Jim Goddard, INK CEO Ted Dixon worries that the Fed is looking backwards at positive US economic data instead of forwards at warning signs such as housing. If the Fed does not hold up on its rate hikes, they risk going too far. American insiders and stocks in the U.S. Financials sector are still not confirming a base in share prices and the Fed is proba...Read More
The shares are testing a familiar ceiling on the chartsIntercept Pharmaceuticals Inc (NASDAQ:ICPT) stock has handily outperformed the broader equities market in 2018, up 83% year-to-date. However, the shares of ICPT recently flashed what's been a historical sell signal, suggesting now may be time for bulls to take profits -- or perhaps pick up some short-term options insurance. Specifically, the d...Read More
LONDON - Canadian copper producer Imperial Metals has hired Bank of Montreal (BMO) to speed up a restructuring process that could include the sale of the company for up to $1 billion, two sources familiar with the matter said.Imperial Metals, backed by Canadian billionaire Murray Edwards, earlier this year set up a special committee to identify strategic alternatives including joint ventures and a...Read More