(Kitco News)- In its continued attempted to promote innovation in themining Sector, Goldcorp is giving four companies the opportunity to presenttheir ideas to #disruptmining and win $1 million in potential investmentcapital.Luis Canepari, vice-president of technology at Goldcorp(NYSE: GG, TSX: G,) said the company went through hundreds of submissions tofind the best of the best in innovation. He a...Read More
(Kitco News) - In its continued attempted to promote innovation in the mining Sector, Goldcorp is giving four companies the opportunity to present their ideas to #disruptmining and win $1 million in potential investment capital.Luis Canepari, vice-president of technology at Goldcorp (NYSE: GG, TSX: G,) said the company went through hundreds of submissions to find the best of the best in innovation...Read More
SAO PAULO, Feb 28 (Reuters) - Mexican equities fell sharply again on Wednesday, posting their biggest monthly loss since September 2011, as a mediocre corporate results season wrapped up and uneasy negotiations continued for the North American Free Trade Agreement.Markets also continued to be spooked following a relatively hawkish speech by the newly appointed head of the Federal Reserve Jerome Po...Read More
* Spot gold may fall to $1,303/oz - technicals* Dollar index rises to highest since Feb. 9 * Fed's Powell strikes hawkish tone(Recasts, updates prices; adds comment, NEW YORK to dateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, Feb 28 (Reuters) - Gold prices steadied on Wednesday after the previous session's more than 1 percent fall following comments by the Federal Reserve's new chair...Read More
Poor housing reports and poor economic reports on durable goods and international trade took a toll on GDP estimates.Read full newsRead More
Robin Young, chief executive of Amur Minerals Corporation (LON:AMC), outlines their 2018 work programme for the Kun-Manie nickel sulphide deposit in Russia.The company will complete a new mineral resource update over a total strike length of four kilometres, update its open pit and underground mine design plans at the IKEN/KUB deposit, calculate the most economic life of mine schedule, undertake s...Read More
Capita Plc (LON:CPI) posts its finals on Thursday amid concerns it could face a similar - if not worse - fate than collapsed contractor Carillion.Last month the outsourcer issued a profit warning and announced plans for a ?700mln rights issue and to scrap its dividend.Jonathan Lewis, who started as Capita's chief executive two months ago, said the company was "too complex" and "too widely spread...Read More
The shares of agricultural concerns CF Industries Holdings, Inc. (NYSE:CF) and Mosaic Co (NYSE:MOS) have been strong the past few months, but if recent history is any indicator, the stocks could be poised to pull back in March. In fact, looking back over the past 10 years, CF and MOS stocks have generated the worst monthly returns of all S&P 500 Index (SPX) stocks, according to data from Schaeffer...Read More
MEXICO CITY, Feb 28 (Reuters) - Mexico's economy will grow between 2 and 3 percent in 2018, the central bank said in a quarterly report on Wednesday, leaving its forecast unchanged from the last report. The Banco de Mexico's inflation report said a delay in the ongoing renegotiation of the North American Free Trade Agreement, or an unfavorable outcome to the talks, are risks to growth, along with...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Blue chip Procter & Gamble Co (NYSE:PG) has been getting crushed since the company's disappointing earnings release last month. In fact, PG shares are pacing toward an 8.4% February loss, which would stand as its third-worst monthly performance in the past 10 years, and the biggest since February 2009. The stock was last seen trading down 1.7% at $79.14, breaking below its recent consolidation ato...Read More
Baker Steel Resources Investment Trust's (LON:BSRT) Trevor Steel discusses the decision by Polar Acquisition Limited, one of the most significant investments held by Baker Steel, to sell its interest in the Prognoz silver mine in Russia to Polymetal International PLC.At the January monthly update, Polar Acquisition represented just under 38% of Baker Steel's net asset value.Steel also discusses th...Read More
* LME/ShFE arb: * GRAPHIC-2018 asset returns: * Lead headline inventories jump 12 pct (Adds closing prices, Aluminium tom/next, Chile copper)By Zandi ShabalalaLONDON, Feb 28 (Reuters) - Copper prices sank to their lowest in over two weeks on Wednesday as the dollar advanced on prospects of higher interest rates and growth in China's manufacturing sector slowed in February.Benchmark copper on the L...Read More
The Dow Jones Industrial Average (DJI) was up triple digits at its intraday peak, as stock traders initially celebrated the latest gross domestic product (GDP) estimate and shook off concerns about Fed rate hikes. However, the Dow and S&P 500 Index (SPX) have since turned lower, weighed down by healthcare and energy stocks. At last check, April-dated oil futures were 1.8% lower at $61.86 per barr...Read More
Akamai Technologies, Inc. (NASDAQ:AKAM) has been hot in 2018, thanks mainly to the cloud concern's post-earnings bull gap earlier this month. Analysts were quick to chime in with price-target hikes after the results, too, which helped send AKAM stock soaring back near its Jan. 9 annual high of $69.56. And even though this recent price action just echoes the equity's longer-term uptrend, with AKAM...Read More
Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO) discusses with Proactive their ?2mln share placing and plans to acquire an additional stake in the Horse Hill oil project in southern England.Solo's agreed a deal with Primorus Investments Plc to acquire a 5% stake in the HHDL vehicle which owns 65% of Horse Hill.The transaction increases Solo's holding in HHDL to 15%, giving the company an...Read More
The Samarco iron ore mine in Brazil is likely to resume operations before the end of the year or early 2019 Vale (NYSE:VALE) executives told investors on Wednesday.Samarco Mineracao - a Vale-BHP joint venture - ceased operations in November 2015 following a deadly tailings dam burst. At 30 million tonnes per year before the disaster Samarco's pelletizing operations supplied roughly one-fifth of th...Read More
Markets, including gold, react to latest Fed testimony.Gold ETF (IAU) violates pivotal immediate-term support in the process.My recommended stop-loss in IAU was consequently violated.Gold suffered a setback on Tuesday after financial markets reacted negatively to the Congressional testimony of the new Federal Reserve chief. The gold price didn't violate its Feb. 7 pivotal low discussed in the prev...Read More
* Supreme Court ruled against government in December* MCC has said will challenge government plansULAANBAATAR, Feb 28 (Reuters) - Mongolia's Constitutional Court ruled on Wednesday that Mongolian Copper Corporation (MCC) never had the right to 49 percent of one of Asia's biggest copper mines, supporting an earlier resolution by the government to buy back the stake.The ownership battle is set again...Read More