Exploration company needed to read Ethiopia's mining code more closelyRead full newsRead More

FLORENCE (Reuters) - The euro zone needs a new, common “fiscal instrument” if it is to ensure its member countries are not pulled apart by an economic shock, European Central Bank President Mario Draghi said on Friday.“We need an additional fiscal instrument to maintain convergence during large shocks, without having to over-burden monetary policy,” Draghi said.“Its a...Read More

BERLIN/PARIS (Reuters) - Europe’s heavyweight economies took steps on Friday to safeguard their commercial and political interests in Iran, seeking to keep the nuclear deal with Tehran alive after Washington pulled out and said sanctions would follow.Germany, France have significant trade links with Iran and remain committed to the nuclear agreement, as does Britain, and all three countries&...Read More

Employees might tell you they care more about work-life balance than salary, but what really motivates them?The results of the latest MPi poll suggest the signals mining employees send employers about their expectations for pay and conditions can be dangerously misleading - and salary is more important right now than you might think.A series of recent polls conducted via the Mining People Polling...Read More

WASHINGTON (Reuters) - U.S. import prices rose less than expected in April as a rebound in the cost of petroleum products was tempered by a drop in food prices, the latest indication that inflation pressures were increasing moderately.The Labor Department said on Friday import prices rose 0.3 percent last month. Data for March was revised to show import prices falling 0.2 percent instead of being...Read More

Despite the relentless rise of the U.S. dollar during the past four weeks, the gold price has managed to hold critical support at the $1300 level due mostly to crude oil continuing to rise. The GDX is also trying to close the week above its 200-day moving average and strong resistance at $23 on the back of a tame U.S. inflation report released on Thursday. The inflation report boosted both gold an...Read More

Despite therelentless rise of the U.S. dollar during the past four weeks, the gold pricehas managed to hold critical support at the $1300 level due mostly to crude oilcontinuing to rise. The GDX is also trying to close the week above its 200-daymoving average and strong resistance at $23 on the back of a tame U.S.inflation report released on Thursday. The inflation report boosted both goldand U.S....Read More

Story by Jeff Desjardins When it comes to conversations on energy, it's hard to leave your feelings at the door.It's arguable that energy is the single most important driver of human progress - it's a multi-trillion dollar industry that powers our daily lives, technological advancements, and even the economic development of entire countries. At the same time, our choices around energy can have si...Read More

SINGAPORE (Reuters) - North Korean leader Kim Jong Un’s trip to Singapore for talks with U.S. President Donald Trump poses logistical challenges that are likely to include using Soviet-era aircraft to carry him and his limousine, as well as dozens of security and other support staff. The choice of Singapore as the site of the first-ever meeting of a sitting U.S. president and a North Kor...Read More

President Trump will give a speech on drug prices todayDow Jones Industrial Average (DJI) futures are trading above fair value this morning, with the blue-chip index set to add to yesterday's inflation-fueled upside. The Dow has its sights set on a seventh straight win, which would mark its longest winning streak since November. The CBOE Volatility Index (VIX), meanwhile, appears headed for its f...Read More

The blockchain stock is trading higher in pre-market actionRiot Blockchain Inc (NASDAQ:RIOT) grabbed headlines late last year, as the former biotechnology firm was one of a handful of companies to suddenly transition its business to focus on blockchain. RIOT shares rose from below $5 in September to as high as $46.20 by Dec. 19. However, these gains quickly evaporated, with the equity crashing in...Read More

WASHINGTON (Reuters) - St. Louis Federal Reserve Bank President James Bullard on Friday spelled out the case against any further interest rate increases, saying rates may already have reached a “neutral” level that is no longer stimulating the economy.Going further at this point, he said, risks nipping off business investment that might follow the recent corporate tax cut, upset health...Read More

(Reuters) - Network gear maker Cisco Systems Inc (CSCO.O) is pulling all online ads from YouTube due to fears of the ads appearing on sensitive content on the platform, Cisco’s chief marketing officer, Karen Walker, said in a blog on Wednesday.The blog, which seemed to have been removed from Cisco’s website on Thursday, said the company would not like its ads to “accidentally end...Read More

JOHANNESBURG, May 11 (Reuters) - South Africa trade union Solidarity has submitted wage hike demands in the gold sector of at least 10 percent annually over the next three years, according to a document submitted to the Chamber of Mines seen by Reuters.Solidarity only represents about 2 percent of the workforce in South Africa's gold mines but its members are skilled artisans and supervisors who a...Read More

(Reuters) - U.S. stock index futures edged higher on Friday, setting up Wall Street to build on a week-long rally, but focus will be on technology and healthcare stocks after tepid results from Nvidia and President Donald Trump’s renewed focus on drug pricing.The technology sector, and chipmakers in particular, could be under pressure after revenue from Nvidia’s (NVDA.O) closely watche...Read More

BEIJING (Reuters) - Some North Korean traders are offering cheap coal to Chinese buyers who are stockpiling it at ports inside the isolated country, hoping recent diplomatic moves lead to an easing of sanctions barring purchases of North Korean coal, three Chinese traders told Reuters.Official data shows China has not imported any coal from North Korea since October last year, after the United Nat...Read More

NEW YORK (Reuters) - Some investors are betting on shares of homebuilders to outperform U.S. stocks at large, but with interest rates expected to rise they may have to wait several months before those bets pay off.The U.S. economy looks ideal for homebuilding stocks to benefit. The unemployment rate has fallen to its lowest level in more than 17 years and consumer confidence is near the highest le...Read More

PretiumResources Inc. (TSX, NYSE: PVG), which is ramping up the Brucejack Mine inBritish Columbia, reports an adjusted profit in the first quarter. Productiontotaled 75,689 ounces of gold and 94,730 ounces of silver, with officialsreporting that output improving steadily through the first quarter. There is nocomparable information from the year-ago quarter since Brucejack achievedcommercial produc...Read More

Pretium Resources Inc. (TSX, NYSE: PVG), which is ramping up the Brucejack Mine in British Columbia, reports an adjusted profit in the first quarter. Production totaled 75,689 ounces of gold and 94,730 ounces of silver, with officials reporting that output improving steadily through the first quarter. There is no comparable information from the year-ago quarter since Brucejack achieved commercial...Read More

JOHANNESBURG, May 11 (Reuters) - South Africa trade union Solidarity has submitted wage hike demands in the gold sector of at least 10 percent annually over the next three years, according to a document submitted to the Chamber of Mines seen by Reuters.Solidarity only represents about 2 percent of the workforce in South Africa’s gold mines but its members are skilled artisans and supervisors...Read More