Recent News

Gold Prices Slip as Dollar Recovers from Overnight Plunge

April 11, 2018 / www.investing.com

Investing.com – Gold prices slipped on Tuesday as the dollar recovered from an overnight plunged amid reports of FBI raiding the office of U.S. president Trump’s lawyer.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange slipped $2.30, or 0.17%, to $1,337.8 a troy ounce by 11:56AM ET (03:56 GMT).The U.S. dollar index that tracks the greenback agains...Read More

Energy Summary for April 10, 2018

April 11, 2018 / www.stockwatch.com

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for May delivery gained $2.09 to $65.51 on the New York Merc, while Brent for June gained $2.39 to $71.04 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.80 to WTI ($4...Read More

Diamond & Specialty Minerals Summary for April 10, 2018

April 11, 2018 / www.stockwatch.com

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a mediocre 73-81-140. The TSX Venture Exchange rose 10 points to 776 while polished diamond prices edged higher. Quentin Yarie's Honey Badger Exploration Inc. (TUF) hit an intraday hi...Read More

Gold Summary for April 10, 2018

April 11, 2018 / www.stockwatch.com

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold rose $4.30 to $1,340.00 on Tuesday. The TSX Venture Exchange rose 10.68 points to 776.14 while the TSX Gold Index rose 0.42 point to 184.53. Most Canadian gold miners moved little again today. Kinross Gold Corp. (K)...Read More

Shell Summary for April 10, 2018

April 11, 2018 / www.stockwatch.com

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 10.68 points to 776.14 Tuesday. Rudy Cheddie has filed a final prospectus to list his first capital pool shell, Cherry Street Capital Inc. It is selling a $525,000 to $750,000 initial public offering at...Read More

CMKM defendant Edwards seeks to leave jail

April 11, 2018 / www.stockwatch.com

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellLawyers for John Edwards, the only person in jail for the massive CMKM Diamonds Inc. fraud, have asked the judge to release their client. They say that Mr. Edwards is in poor health, both mentally and physically. They also say that they are negotiatin...Read More

ASIAN MORNING BRIEF 11/04: Base metals log gains; LME suspends Rusal metal; Codelco to maintain copper output levels this year

April 11, 2018 / www.metalbulletin.com

The latest news and price moves to start the Asian day on Wednesday April 11.Base metals prices on the London Metal Exchange continued to climb at...Read More

Bahrain could host World Jewellery Confederation Congress

April 11, 2018 / www.mining.com

Manama, capital of Bahrain, could host the 2019 World Jewellery Confederation CIBJO Congress.During a visit to the kingdom, the president of the self-described "United Nations of the jewelry business," Gaetano Cavalieri, met with Yaser Alsharifi, chairman of DANAT, the Bahrain Institute for Pearls & Gemstones, who brought up the idea of the new location for the next year's meeting. Hosting su...Read More

Rusal bonds slump, customers review contracts as U.S. sanctions bite - by Polina Ivanova (Reuters U.S. - April 10, 2018)

April 11, 2018 / republicofmining.com

https://www.reuters.com/MOSCOW (Reuters) – Rusal's (0486.HK) dollar bonds slumped to record lows, two major customers said they were reviewing their contracts, and the London Metal Exchange distanced itself from the aluminum giant on Tuesday, in the latest aftershocks from U.S. sanctions.The sanctions imposed on Rusal and its boss, metals magnate Oleg Deripaska, mark the first time a major i...Read More

Africa's hope lies in exploration

April 11, 2018 / www.miningfeeds.com

Exploration is at the heart of mining. Nobody can build a mining company without exploration. The greatest mining companies in Africa today invested in top geologists and exploration projects many years ago. The geologists' brief was simple: hunt down and find the next best deposit. These geologists had flair, a spirit of adventure and a great appetite for taking risks, as had the companies that e...Read More

Will Teck Resources Ltd. or Barrick Gold Corp. Rally Through the End of 2018?

April 11, 2018 / www.fool.ca

Teck Resources Ltd. (TSX:TECK.B)(NYS:TECK) and Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) are two of Canada's top mining companies.Let's take a look at the giants to see if one deserves to be on your buy list today.TeckTeck produces metallurgical coal, copper, and zinc. The three commodities have enjoyed nice recoveries in the past two years, and investors are wondering if this is the right time to ow...Read More

Africa's hope lies in exploration

April 11, 2018 / www.miningfeeds.com

Exploration is at the heart of mining. Nobody can build a mining company without exploration. The greatest mining companies in Africa today invested in top geologists and exploration projects many years ago. The geologists' brief was simple: hunt down and find the next best deposit. These geologists had flair, a spirit of adventure and a great appetite for taking risks, as had the companies that e...Read More

LIVE FUTURES REPORT 11/04: LME aluminium at 3-mth high; nickel finds more support

April 11, 2018 / www.metalbulletin.com

Aluminium continued to rally on the London Metal Exchange at the close of trading on Wednesday April 11, climbing 1.7% and recording its highest close since January 2.The spike in the metal's three-month price comes after the USplaced sanctions against key Russian firms, notably Rusal, prompting tightermarkets.Following the announcement, the LME implemented a, "temporary conditional suspension" on...Read More

Fuel loading under way at Chinese EPR

April 11, 2018 / tinyurl.com

China General Nuclear (CGN) has begun loading fuel into the core of unit 1 of the Taishan nuclear power plant in China's Guangdong province following the issuance of a permit from the regulator. The unit is later this year scheduled to become the first EPR reactor to enter operation.Fuel loading operations begin at Taishan 1 (Image: CGN)CGN said the Taishan Nuclear Power Joint Venture Company - a...Read More

Reactor internals en route to demo Hualong One unit

April 11, 2018 / tinyurl.com

The reactor internals for the demonstration Hualong One being constructed as unit 5 of the Fuqing nuclear power plant in China's Fujian province have been shipped from the manufacturing plant in Shanghai. The unit is scheduled to be completed next year.The reactor internals for Fuqing 5 leave the factory (Image: CNNC)The reactor internals were designed by China Nuclear Power Research and Design In...Read More

EXCLUSIVE: Brazil's aluminium industry eyes 50% increase on ingot import tax-free quota

April 11, 2018 / www.metalbulletin.com

Brazil's aluminium industry will request the government to increase by 50% the volume of the import tax-free quota for ingot from July onward due to supply constraints and a modest demand recovery, Metal Bulletin understands. The industry expects to have 270,000 tonnes of unwrought aluminium exempted from the 6% import tariff for a 12-month period, from the current quota of about 180,000 tonnes, a...Read More

CESCO - INTERVIEW: Codelco to play small role in lithium, but big believer in EVs, chairman says

April 11, 2018 / www.metalbulletin.com

Codelco will play a small role in the lithium market and has no plans to compete with some of the world's giants in the field, according to the chairman of the Chilean state-run copper producer.Enthusiasts should "curb your enthusiasm" for Codelco's involvement, Oscar Landerretche said, adding that the company was in no immediate rush to develop its two lithium projects in Chile's northern region...Read More

This Is A Slippery Slope

April 11, 2018 / investmentresearchdynamics.com

First, does California State Senator, Richard Pan, hate the United States? He is sponsoring a Bill in California that would effectively censor the internet. Not withstanding fact that this proposed legislation stands in violation of Amendments 1, 5 and 14 of the United States Constitution, if passed it would impose State-sponsored censorship of the citizens of California. Perhaps if Pan h...Read More

CESCO - INTERVIEW: Codelco to play small role in lithium, but big believer in EVs, chairman says

April 11, 2018 / www.metalbulletin.com

Codelco will play a small role in the lithium market and has no plans to compete with some of the world's giants in the field, according to the chairman of the Chilean state-run copper producer.Enthusiasts should "curb your enthusiasm" for Codelco's involvement, Oscar Landerretche said, adding that the company was in no immediate rush to develop its two lithium projects in Chile's northern region...Read More

CESCO - INTERVIEW: Antofagasta evaluating growth options at Centinela, CEO says

April 11, 2018 / www.metalbulletin.com

Copper miner Antofagasta is evaluating two options for expansion of its Centinela copper operations in Chile, and will approve one by the end of the year, the company's chief executive officer told Metal Bulletin.Expansion is part of a plan to use the company's capital for growth in a disciplined manner and to ensure that Antofagasta maximizes the returns on its investment, Iv??n Arriagada said du...Read More

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