"#Deutsche Bank's premises including its HQ in Frankfurt were being searched by prosecutors on Thursday in a money laundering probe, prosecutors said in a statement. https://t.co/2nKBcgfVYi via @business"Read full newsRead More
FRANKFURT, Nov 29 (Reuters) - German carmaker BMW is exploring ways to improve working conditions for mining cobalt in Congo through a pilot project also supported by chemicals giant BASF, battery maker Samsung SDI and a development agency.Carmakers seeking to boost sales of electric cars are struggling to get their hands on cobalt, a scarce but vital component in the production of batteries. The...Read More
BRITISH COLUMBIA - Dunnedin Ventures of Vancouver is spreading its wings. Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite. Now the company announced that it has acquired a 100% interest in a copper-gold porphyry property near Princeton.Dunnedin acquired the new property from private vendor who will receive $100,00 and 1.8 million Dunnedin shares...Read More
JAKARTA, Nov 29 (Reuters) - Indonesian President Joko Widodo called on Thursday for an "immediate" end to issues holding up the country's plans to acquire a majority stake in Freeport-McMoRan Inc's giant Grasberg copper mine in Papua.For Widodo, seeking reelection next year, getting a majority stake in the mine for Indonesia would be a political boon.The deal, which would give Indonesia and state-...Read More
BRITISH COLUMBIA - Dunnedin Ventures of Vancouver is spreading its wings. Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite. Now the company announced that it has acquired a 100% interest in a copper-gold porphyry property near Princeton.Dunnedin acquired the new property from private vendor who will receive $100,00 and 1.8 million Dunnedin shares...Read More
KINSHASA, Nov 29 (Reuters) - The authorities in Democratic Republic of Congo will audit the supply chain for Glencore's Kamoto project next week to determine where small amounts of uranium detected in its cobalt come from, the mines minister said on Thursday.Glencore subsidiary Katanga Mining said on Nov. 6 it had halted cobalt exports from Kamoto in southeastern Congo while it builds a facility t...Read More
SANTIAGO, Nov 29 (Reuters) - Chile's Codelco, the world's largest copper producer, said on Thursday that mine output fell 3 percent in the first nine months of the year as ore grades sharply declined, leading to a 12 percent drop in pretax profit.The state-run copper miner earned $1.42 billion pretax between January and September as production costs jumped 5 percent to $1.39 from the year-ago peri...Read More
Nov 29 (Reuters) - Detour Gold Corp said on Thursday Chief Executive Officer Michael Kenyon will head the company until it finds a permanent replacement, pushing back against hedge fund Paulson & Co's demand to immediately replace him.Paulson & Co, which has a stake of about 6 percent in the miner, has pushed for Kenyon's resignation, saying the company had "unsuccessfully tried to boost short-ter...Read More
The Dow components are enjoying bullish analyst notes this morningBoeing Co (NYSE:BA) yesterday gained nearly 5% amid the broad-market tailwinds, closing atop its 10-day moving average for the first time in over two weeks, while technical traders may have also noticed a quick rebound back above the longer-term 320-day moving average, as well. Prior to Nov. 19, the shares had not closed below this...Read More
Yesterday was the Dow's best session since MarchDow Jones Industrial Average (DJIA) futures are signaling a pullback, after the index enjoyed its best session since March yesterday. The optimism generated from Fed Chair Jerome Powell's dovish comments on interest rates has seemingly worn off, replaced by tension ahead of this weekend's G-20 summit, where U.S. and Chinese leaders are expected to...Read More
World's top diamond producer by output Alrosa (MCX:ALRS) made $90 million in six auctions held in Israel this year.The auctions were for large rough diamonds, with the latest one focusing on special size gems larger than 10.8 carats - and it fetched $17 million. 100 companies from Israel, Belgium, Hong Kong, India, UAE, the US, and Russia were invited to participate, and 44 took home the coveted s...Read More
World's top diamond producer by output Alrosa (MCX:ALRS) made $90 million in six auctions held in Israel this year.The auctions were for large rough diamonds, with the latest one focusing on special size gems larger than 10.8 carats - and it fetched $17 million. 100 companies from Israel, Belgium, Hong Kong, India, UAE, the US, and Russia were invited to participate, and 44 took home the coveted s...Read More
The SPDR Gold Shares GLD, -0.17% and rival gold-backed exchange traded funds traded modestly higher Wednesday after Federal Reserve Jerome Powell said interest rates are close to "neutral." Three interest rate hikes this year and the subsequently stronger dollar are among the most widely cited reasons for explaining gold's struggles this year. GLD, the largest gold ETF by assets, entered Wednesday...Read More
Mr. Jason Paltrowitz of the OTC reportsOTC MARKETS GROUP WELCOMES MINAURUM GOLD TO OTCQXMinaurum Gold Inc. has qualified to trade on the OTCQX Best Market.Minaurum Gold upgraded to OTCQX from the Pink market. Minaurum Gold begins trading today on OTCQX under the symbol MMRGF.U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC Markets website...Read More
Mr. Jason Paltrowitz of the OTC reportsOTC MARKETS GROUP WELCOMES MINAURUM GOLD TO OTCQXMinaurum Gold Inc. has qualified to trade on the OTCQX Best Market.Minaurum Gold upgraded to OTCQX from the Pink market. Minaurum Gold begins trading today on OTCQX under the symbol MMRGF.U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC Markets website...Read More
Mr. W. John DeCooman Jr. of SSR Mining reports SSR MINING ANNOUNCES INVESTMENT IN SILVERCREST METALS INC.SSR Mining Inc. has entered into an agreement with Silvercrest Metals Inc. to purchase, by way of private placement, 8,220,645 common shares of Silvercrest at a price of $3.73 per common share for total consideration of $30,663,006. Paul Benson, president and chief executive officer of SSR Mini...Read More
Mr. W. John DeCooman Jr. of SSR Mining reports SSR MINING ANNOUNCES INVESTMENT IN SILVERCREST METALS INC.SSR Mining Inc. has entered into an agreement with Silvercrest Metals Inc. to purchase, by way of private placement, 8,220,645 common shares of Silvercrest at a price of $3.73 per common share for total consideration of $30,663,006. Paul Benson, president and chief executive officer of SSR Mini...Read More
Uranium Energy Corp Announces the Retirement of Ivan ObolenskyCanada NewsWireCORPUS CHRISTI, TX, Nov. 29, 2018Read More
Uranium Energy Corp Announces the Retirement of Ivan ObolenskyCanada NewsWireCORPUS CHRISTI, TX, Nov. 29, 2018Read More
Mr. Chris Taylor reportsGREAT BEAR REPORTS CONTINUITY OF GOLD FROM SURFACE TO 365 M DEPTH IN DIXIE LIMB ZONE, DIXIE PROJECT, RED LAKE DISTRICTGreat Bear Resources Ltd. has released results from drilling of the Dixie Limb zone (DLZ) completed during the company's summer 2018 drill program and designed to test continuity of gold mineralization to depth.The DLZ is a multikilometre gold-mineralized co...Read More