Recent News

METALS-Aluminium extends price fall on U.S. sanctions reprieve

April 24, 2018 / www.kitco.com

* LME/ShFE arb:* GRAPHIC-2018 asset returns: (Adds closing prices)By Maytaal AngelLONDON, April 24 (Reuters) - Aluminium hit its lowest innearly two weeks on Tuesday, extending declines from theprevious day after Washington gave U.S. companies more time tocomply with sanctions on Russian producer Rusal andhinted at further sanctions relief.The U.S. Treasury Department gave Americans until Oct. 23,...Read More

PRECIOUS-Gold gains as dollar retreats amid rising yields

April 24, 2018 / www.reuters.com

* Dollar index retreats from 3-month peak* Palladium resumes slide after Monday's 5 pct drop* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Recasts; updates prices, headline; adds comment, byline, NEWYORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, April 24 (Reuters) - Gold prices gainedafter three days of losses on Tuesday as the dollar retreatedfrom an earlier three-month peak...Read More

Opinion: What's sabotaging gold's attempts to rally

April 24, 2018 / www.marketwatch.com

The odds of a contrarian buy signal for gold are even more remote today than they were six weeks ago. Mid-March, you may recall, was when I last devoted a column to analyzing gold-market sentiment. Bullion at the time was trading around $1,320 ounce, and I concluded that gold market timers were not exhibiting "the widespread despair and pessimism that typically precede tradable gold rallies." Gold...Read More

PRECIOUS-Gold gains as dollar retreats amid rising yields

April 24, 2018 / www.kitco.com

* Dollar index retreats from 3-month peak * Palladium resumes slide after Monday's 5 pct drop * GRAPHIC-2018 asset returns: (Recasts; updates prices, headline; adds comment, byline, NEWYORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, April 24 (Reuters) - Gold prices gainedafter three days of losses on Tuesday as the dollar retreatedfrom an earlier three-month peak and U.S. equiti...Read More

Barrick Gold says focus on growth after deep debt cuts

April 24, 2018 / dlvr.it

Barrick Gold Corp said on Monday it was done selling assets to cut debt and would instead use funds from future sales for growth or to pay dividends, as it looks set to lose its rank as the world's biggest gold producer due to declining production.Read full newsRead More

Globex Acquires Kewagama Gold Mine Royalty

April 24, 2018 / dlvr.it

ROUYN-NORANDA, Qu?(C)bec, April 23, 2018-- GLOBEX MINING ENTERPRISES INC. is pleased to announce that it has purchased a 2% Net Smelter Royalty on three claims that constitute the Kewagama Gold Mine Property ...Read full newsRead More

Why failing to recycle electronics leaves gold mines untapped

April 24, 2018 / dlvr.it

There's 80 times as much gold in one ton of cellphones as there is in a gold mine, says Federico Magalini, an expert on electronic waste. That means there's enormous potential for recycling - and yet most of us keep our old electronics at home. Lately, there's been a lot of interest in old electronics. Last week, Apple debuted Daisy, a robot that disassembles old iPhones to recycle the materials i...Read More

Randgold Resources - GOLD - Automated Underground Mine Drives Growth at Kibali

April 24, 2018 / dlvr.it

KIBALI, DRC / ACCESSWIRE / April 23, 2018 / The successful commissioning of the automated materials handling system at Kibali gold mine's underground operation is supporting the planned ramp-up in production, Randgold Resources' chief executive Mark Bristow said here today.Bristow told a briefingRead full newsRead More

Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan

April 24, 2018 / www.mining.com

Canada's Centerra Gold (TSX:CG) has rejected an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (LON:CGH), received last month, but which the London-listed miner made public on Tuesday.Responding to media speculation, Chaarat confirmed its offer to Centerra to buy Kyrgyzstan's largest gold mine, and though it did not disclosed the sum, said the deal would also in...Read More

Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan

April 24, 2018 / www.mining.com

Canada's Centerra Gold (TSX:CG) has rejected an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (LON:CGH), received last month, but which the London-listed miner made public on Tuesday.Responding to media speculation, Chaarat confirmed its offer to Centerra to buy Kyrgyzstan's largest gold mine, and though it did not disclosed the sum, said the deal would also in...Read More

Freeport profit misses on lower-than-expected copper sales

April 24, 2018 / www.mining.com

Freeport-McMoRan Inc reported a weaker-than-expected quarterly profit on Tuesday, sending its shares down more than four percent as it also lowered its copper sales forecast for the year and raised its outlook for costs.The world's biggest listed copper miner said it now expects to produce 3.8 billion pounds of copper this year, down from a previous forecast of 3.9 billion.It raised its copper cas...Read More

International Mining and Resources Conference (IMARC)

April 24, 2018 / www.mining.com

The International Mining and Resources Conference (IMARC) is where global mining leaders connect with technology, finance and the future. Now in its 5th year, it has become Australia's largest mining conference bringing together over 5000 decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators and educators from over 90 countries for four days of...Read More

MD of Western Areas Dan Lougher quite rightly citing stainless steel growth as the fundamental driver of the...

April 24, 2018 / twitter.com

"MD of Western Areas Dan Lougher quite rightly citing stainless steel growth as the fundamental driver of the #nickel price in 2018. EV battery demand is just the cherry on top ???' https://t.co/vMnLuQwlYQ"Read full newsRead More

Anglo delays Minas Rio restart until year-end, will lose about $400 million

April 24, 2018 / www.mining.com

Anglo American (LON:AAL) won't resume production at its massive Minas Rio in Brazil until the fourth quarter of 2018 due to two pipeline leaks that forced it to halt operations in March, and which will cause the miner an annual group earnings (EBITDA) loss of $300 to $400 million.The announcement is the last of a string of difficulties Anglo has faced with the mine, which was expected to produce...Read More

Anglo delays Minas Rio restart until year-end, will lose about $400 million

April 24, 2018 / www.mining.com

Anglo American (LON:AAL) won't resume production at its massive Minas Rio in Brazil until the fourth quarter of 2018 due to two pipeline leaks that forced it to halt operations in March, and which will cause the miner an annual group earnings (EBITDA) loss of $300 to $400 million.The announcement is the last of a string of difficulties Anglo has faced with the mine, which was expected to produce...Read More

Anglo delays Minas Rio restart until year-end, will lose about $400 million

April 24, 2018 / www.mining.com

Anglo American (LON:AAL) won't resume production at its massive Minas Rio in Brazil until the fourth quarter of 2018 due to two pipeline leaks that forced it to halt operations in March, and which will cause the miner an annual group earnings (EBITDA) loss of $300 to $400 million.The announcement is the last of a string of difficulties Anglo has faced with the mine, which was expected to produce...Read More

Macro Roundup (Apr 24)

April 24, 2018 / news.metal.com

SHANGHAI, Apr 24 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose for five consecutive days to a seven-week high and towards 91 overnight as the US 10-year treasury yield inched closer to 3% and as the market raised their anticipation of four interest rates hikes this year. A cooler US-China trade tension also hel...Read More

Macro Roundup (Apr 24)

April 24, 2018 / news.metal.com

SHANGHAI, Apr 24 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose for five consecutive days to a seven-week high and towards 91 overnight as the US 10-year treasury yield inched closer to 3% and as the market raised their anticipation of four interest rates hikes this year. A cooler US-China trade tension also hel...Read More

Macro Roundup (Apr 24)

April 24, 2018 / news.metal.com

SHANGHAI, Apr 24 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose for five consecutive days to a seven-week high and towards 91 overnight as the US 10-year treasury yield inched closer to 3% and as the market raised their anticipation of four interest rates hikes this year. A cooler US-China trade tension also hel...Read More

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3% - TheStreet

April 24, 2018 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average has traded lower for four straight sessions.The Dow remains more than 2,100 points below its all-time high of 26,616 set on Jan. 26.The Nasdaq finished lower Monday after having declined for two straight sessions. Wall Street Overview Stocks finished lower on Monday, April 23 as benchmark 10-year Tre...Read More

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