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Trumps next target, the great tech tax dodge

May 02, 2018 / news.goldseek.com

As a general rule, the most successful man in life is the man who has the best information Donald Trump's enmity towards Amazon and its founder Jeff Bezos, the richest man on Earth, has indeed been going on for a long time, and it's easy to frame the tiff as two billionaires marking their territory like two pit bulls in a fight ring. After all, Trump is a billionaire capitalist too, and it's no...Read More

Lessons from $362.5 Million in Alleged Silver Gold Scams

May 02, 2018 / news.goldseek.com

By James AndersonOne dealer bankrupted in 2016 with two of its directors indicted in April 2018 on fraud charges. The other dealer still gets over from its 1980's branding yielding high volumes of google searches, and thus possibly churning and burning new novice customers every day. Allegations of fraud total $362.5 million USD in lost customer and vendor funds combined.#1 Silver Gold Scam Indi...Read More

EUROPE PLATE: Domestic prices rise slightly despite slow market

May 02, 2018 / www.metalbulletin.com

Domestic prices for heavy steel plate in Europe have moved up slightly this week despite a slowdown in market activity, sources told Metal Bulletin on Wednesday May 2."The market is slow because there were [public] holidays in Europe at the beginning of the week, but demand is going to rebound next week," an Italian source said.Plate prices are expected to be supported by a recovery in restocking...Read More

5 Stories You Missed While The Media Was Obsessing Over Michelle Wolf's Speech

May 02, 2018 / marketsanity.com

The name "Michelle Wolf" has dominated headlines and has become the talk of the mainstream media following the Continue...Read More

Confession of an Analyst that Ignored Sentiment

May 02, 2018 / news.goldseek.com

By Ryan WildayI'm quite new to the cryptocurrency analyst scene. While I've been trading over two decades, it was always a supplemental income. That started to change in August 2017 when Avi Gilburt brought me on staff at Elliott Wave Trader to lead cryptocurrency analysis. In my opinion, I sit as the latest analyst to join the world's leading team of Ellioticians, applying the art to nearly all...Read More

Siderper??'s Q1 net profit surges amid higher steel prices, sales

May 02, 2018 / www.metalbulletin.com

South American steelmaker Gerdau's Peruvian subsidiary, Siderper??, has reported a near four-fold increase in its net profit for the first quarter of 2018, amid higher prices and increased shipment volumes.Its net profit totaled 42.40 million nuevos soles ($13 million), against 11.01 million nuevos soles a year before, it said in a note sent to national securities...Read More

Camino Options Villa Hermosa Gold Project in La Libertad, Peru

May 02, 2018 / news.goldseek.com

TSX Venture Symbol: COROTCQB Symbol: CAMZF Frankfurt Symbol: XC01 VANCOUVER , May 2, 2018 /CNW/ - Camino Minerals Corp. ("Camino" or the "Company") (COR:TSX-V) is pleased to announce it has signed an option agreement with Compania Minera Villa Hermosa JV RR S.A.C. (the "Vendor") pursuant to which it can acquire through a wholly-owned subsidiary, Minquest Peru S.A.C., a 100% interest in the V...Read More

Treasury Increases Auction Sizes To Fund Soaring Deficit; Launches 2-Month Bill

May 02, 2018 / marketsanity.com

While traditionally a snoozer, this morning's Treasury's refunding announcement was closely watched for details on how the US Treasury's plans to fund Continue...Read More

New MD for Lucara's Boteti

May 02, 2018 / www.mining-journal.com

She has been CFO and director of the Botswana subsidiary since March 2013 and has more than 17 years' experience in the mining industry, including 10 years at the senior management level of Debswana's corporate finance department.In her new role, Lahri will work closely with Boteti general manager Johane Mchive to help drive improved performance at the Karowe diamond mine in Botswana.Read More

EUROPE WIRE ROD: Prices widen downwards on reduced demand

May 02, 2018 / www.metalbulletin.com

Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe have widened downward week on week because of reduced demand, sources said on Wednesday May 2.Public holidays in several European countries this week have contributed to a drop in market activity.Southern European domestic prices for mesh-quality wire rod fell ?,?5 per tonne at the lower end of th...Read More

SMM Evening Comments (May 2)

May 02, 2018 / news.metal.com

SHANGHAI, May 2 (SMM) – Nonferrous metals rebounded on the afternoon of May 2, buoyed by ferrous metals. SHFE lead rose 1.58% and nickel gained close to 1%. Zinc inched up slightly. Copper closed nearly 1% lower while aluminium and tin edged down.The ferrous complex rose across the board. Rebar led the increase with a gain of 4.28%. Coke and coking coal grew about 4%. Hot-rolled co...Read More

Gem promotes COO to deputy CEO

May 02, 2018 / www.mining-journal.com

He will also join the company's board on July 1 and continue to be responsible for operations.Velloza joined Gem in May 2016 after leaving his position at general manager for BHP in Australia's Pilbara region.During his 25-year career, he has also held senior operational management roles at De Beers. BHP and AngloGold Ashanti and has broad mining experience across operation in Southern and East Af...Read More

URANIUM: NexGen winter drill campaign cuts multiple new zones

May 02, 2018 / www.canadianminingjournal.com

A prefeasibility study is underway for what may become the Arrow uranium mine on the south rim of the Athabasca Basin. (Image: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy has concluded its 54-hole winter drilling campaign at the Arrow and Arrow South targets as well as a regional program. The targets form part of the Rook 1 uranium property in the Athabasca Basin.Follow up drilling...Read More

SOUTHERN EUROPE REBAR: Domestic price narrows upwards; market remains quiet

May 02, 2018 / www.metalbulletin.com

Prices for rebar produced and delivered in Southern Europe narrowed upwards in the week to Wednesday May 2, which reflected a slight increase in scrap prices, sources told Metal Bulletin.Market activity remained quiet, however, with public holidays in several European countries.Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe narrowed upwards by ?,?5 per tonne week on...Read More

Weak demand weighs on copper spot offers in Shanghai

May 02, 2018 / news.metal.com

SHANGHAI, May 2 (SMM) – Weak demand and the new, lower value-added tax (VAT) weighed down spot copper offers in Shanghai on Wednesday April 2. Spot copper with invoices for May was mostly offered at a discount of 50 yuan/mt to a premium of 20 yuan/mt over the SHFE 1805 contract. Prices fell in both the copper futures and spot market in Shanghai on the first trading day after the Labour...Read More

Savannah's Mina do Barroso still growing

May 02, 2018 / www.mining-journal.com

The overall mineral resource now stands at 14 million tonnes at 1.1% lithium oxide containing 149,300t of Li2O, with the update being the second this year and the third estimate overall.The updated resource was defined from three deposits — Grandao, Reservatorio and Noa — with the estimate at the Grandao deposit increasing around 87% to 10.3Mt at 1.1% Li2O containing 11,600t of Li...Read More

Lucara Names First Female Botswana MD

May 02, 2018 / www.diamonds.net

RAPAPORT... Lucara Diamond Corp. has appointed Naseem Lahri as the firstfemale managing director of its Boteti Mining subsidiary, which owns thehigh-value Karowe mine. "I am delighted to be welcoming Naseem into her new role asmanaging director of Boteti, the first woman and the first Motswana woman toserve in this capacity for a diamond company in Botswana," said Lucara CEO EiraThomas said Tuesda...Read More

DAILY SCRAP REPORT: Negotiations for May bookings continue, prices firm

May 02, 2018 / www.metalbulletin.com

The Turkish deep-sea scrap import market remained quiet on Wednesday May 2, after a break for public holidays in Turkey and across much of Europe on May 1, but steel mills were still expected to book more cargoes for May delivery.Turkish steel mills have booked more than 20 deep-sea cargoes for May delivery so far, and more cargoes are expected to be bought in the next few days, according to marke...Read More

India's GJEPC to Hold Banking Summit, Issue Finance White Paper

May 02, 2018 / www.idexonline.com

(IDEX Online) - cThe paper will aim to address critical banking issues such as assessment of credit limit, collateral security, related party transactions, inventory valuation, and subsidiary cguidelines, and is aimed at mitigating the concerns of the key stakeholders of the industry that has been hit by the recent Nirav Modi fraud case.  The white paper, entitled 'Diamond Financing 2018 New...Read More

Gem Diamonds appoints deputy CEO

May 02, 2018 / www.miningweekly.com

JOHANNESBURG (miningweekly.com) – Diamond miner Gem Diamonds has appointed COO Johnny Velloza as deputy CEO with immediate effect.Velloza will join the company’s board from July 1 and will continue to be responsible for the company’s operations.AdvertisementTo watch Creamer Media's latest video reports, click here AdvertisementRead More

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