* NSE index closes 1 pct lower, BSE index down 0.9 pct* Vedanta drops to lowest close since June 30, 2017* HPCL falls nearly 8 pct, ONGC drops 5.3 pctMay 23 (Reuters) - Indian shares fell on Wednesday, dragged by energy stocks such as Hindustan Petroleum Corp Ltd HPCL.NS and Oil and Natural Gas Corp Ltd (ONGC) ONGC.NS on rising concern that the government may ask state-owned oil firms to share t...Read More
Investing.com - Gold prices were on the back foot in early dealings on Wednesday, hovering near the lowest levels of the year as investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for U.S. interest rates.Comex gold futures were down around 0.1% at $1,291.10 a troy ounce by 3:20AM ET (0720GMT). It slid to as low as $1,281.20 earlier this week, a level not seen...Read More
* NSE index down 0.3 pct, BSE slips 0.14 pct* OMCs, refiners top losers* SBI, Cipla gainBy Krishna V KurupMay 23 (Reuters) - Indian shares fell on Wednesday pulled down by oil companies, while mining and energy conglomerate Vedanta Ltd VDAN.NS hit an over 10-month low as protests against its copper plant in south India turned violent.State-owned oil refiners as well as marketing companies, such...Read More
(Adds details on results, analyst estimates, context on commodity prices)May 23 (Reuters) - British mining and energy conglomerate Vedanta Resources Plc VED.L reported better-than-expected growth in full-year core profit and revenue on Wednesday, driven by stronger commodity prices.A rebound in metals prices has prompted the miner, controlled by billionaire Chairman Anil Agarwal, to expand produ...Read More
He said the partially state-owned miner was working on using various technologies as it looked to the future, including the use of drones."Every company should be striving to move with changes whether they be social or economic challenges and embrace new technology and changing consumer needs," Ivanov said.In terms of digitisation, ALROSA was also investigating being able to trace every stone from...Read More
The latest news and price moves to start the Asian day on Thursday May 24.Lead prices on the London Metal Exchange held firm at the close of trading on Wednesday May 23, while the three-month copper contract fell by 1.6% amid a fresh 2018 high for the United States dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:US imports of aluminiu...Read More
Royal Gold's income statement was overshadowed by tax expenses and an impairment charge.The cash flow results look much better.Pascua-Lama seems to be a dud, delays at Mt Milligan will be felt in the next two quarters, but New Gold's Rainy River will soften the blow.Introduction Whilst the other streaming companies like Franco Nevada (FNV) and Wheaton Precious Metals (WPM) enjoy more att...Read More
The latest news and price moves to start the Asian day on Thursday May 24.Lead prices on the London Metal Exchange held firm at the close of trading on Wednesday May 23, while the three-month copper contract fell by 1.6% amid a fresh 2018 high for the United States dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:US imports of aluminiu...Read More
($3.00 TTS/$5.00 Media) Donate For Recognition - https://streamlabs.com/chaizy1Hampton Brandon Twitter: https://twitter.com/hamptonbrandoHampton Brandon Instagram: https://www.instagram.com/hmptnbrndn/Reddit - https://www.reddit.com/r/theCHAIZYcha...Instagram:https://www.instagram.com/faysalkhatib/https://www.instagram.com/zaydkhatib/https://www.instagram.com/omarkatib28/Twitter:https://twitter.co...Read More
Belarus and Kazakhstan yesterday signed a memorandum of cooperation in the peaceful uses of nuclear energy, the Belarusian Energy Ministry has announced. The document was signed by Belarusian Deputy Energy Minister Mikhail Mikhadyuk and Kazakh Deputy Energy Minister Bakytzhan Dzhaksaliev.Kazakh and Belarusian deputy energy ministers at the memorandum signing (Image: Ministry of Energy of the Repu...Read More
The London Metal Exchange is expected to publish its white paper on responsible sourcing of metal by around the start of July and is planning to publicly name companies that do not formally respond to a producer survey on standards by the end of the year, the exchange's chief executive officer said. Matthew Chamberlain told Metal Bulletin that a white paper of the results to date is being shared w...Read More
Base metals on the London Metal Exchange were broadly higher at the close of trading on Thursday May 24, with nickel prices leading the complex 1.6% higher while tin prices edge lower.Rallying to a daily high of $14,900 per tonne, nickel's three-month price experienced a late-afternoon surge, gaining more than $200 per tonne in the LME's kerb trading session. The metal's declining inventory p...Read More
Chinese customs agents have impounded 16,000 tonnes of lead concentrates they allege is secondary waste material shipped into the country by Swiss miner-trader Glencore, sources with knowledge of the matter told Metal Bulletin. The material has been classified by Chinese customs as "lead-rich slag", a type of solid waste prohibited from entering the country, sources said. A Glencore spokesman cont...Read More
Bob Moriarty ArchivesMay 24, 2018I’ve been an investor and followed closely an interesting company in the oil recovery business for the best part of ten years. For the longest time being a shareholder made watching paint dry seem like having an unlimited daily pass at Disneyland. I’ve been to funerals that were a lot more exciting. That just changed.I doubt many investors understand th...Read More
Rising energy prices and collapsing emerging currencies are two developments that are not receiving much attention in the mainstream propaganda narrative. But either development which could end up "pulling the rug" out from underneath the markets.I pieced together the graphic to the right from an article on Zerohedge about the developing currency and debt crisis in emerging markets and, specifical...Read More
A sharp increase in manganese ore market liquidity over the past two weeks reflects renewed consumer interest after price falls and fresh position-taking by traders, according to market participants. Metal Bulletin's 44% manganese ore index, cif Tianjin dropped 84 cents week on week to $6.55 per dry metric tonne unit (dmtu) on Friday May 18. Similarly, Metal Bulletin's 37% manganese ore...Read More
Chinese customs agents have impounded 16,000 tonnes of lead concentrates they allege is secondary waste material shipped into the country by Swiss miner-trader Glencore, sources with knowledge of the matter told Metal Bulletin. The material has been classified by Chinese customs as "lead-rich slag", a type of solid waste prohibited from entering the country, sources said. A Glencore spokesman cont...Read More
A sharp increase in manganese ore market liquidity over the past two weeks reflects renewed consumer interest after price falls and fresh position-taking by traders, according to market participants. Metal Bulletin's 44% manganese ore index, cif Tianjin dropped 84 cents week on week to $6.55 per dry metric tonne unit (dmtu) on Friday May 18. Similarly, Metal Bulletin's 37% manganese ore...Read More
The Phase 1 pilot plant at the Goldsource Eagle Mountain gold project in Guyana, South America. Source: Goldsource Mines Inc.Shares of Goldsource Mines Inc. [GXX-TSXV; GXSFF-OTCBB; G5M-FSE] jumped 50% in early trading Thursday May 24 after the junior announced details of a new discovery and further positive results from its ongoing saprolite exploration program at its 100%-owned Eagle Mountain Pro...Read More
Drilling at the NRG Metals Hombre Muerto North lithium project in Argentina. Source: NRG Metals Inc.NRG Metals Inc. [NGZ-TSXV: NRGMF-OTCQB; OGPN-FSE] on Thursday May 24 reported consistent high-grade brine intercepts over the first 100 metres of drilling at the Hombre Muerto North lithium project in Argentina.NRG shares advanced on the news, rising 8.93% or $0.025 to 30.5 cents on volume of 1.3 mi...Read More