Recent News

REG-Lucara Diamond Announces Acquistion of Clara Diamond Solutions Corporation LUC.TO

February 25, 2018 / www.kitco.com

For best results when printing this announcement, please click on link below: Vancouver, Feb. 25, 2018 (GLOBE NEWSWIRE) --Lucara Diamond Corp. ("Lucara" or the "Company") wishes to announcethe acquisition of Clara Diamond Solutions Corp. ("Clara"), a companywhose primary asset is a secure, digital sales platform that will transformhow rough diamonds are sold, unlocking value for diamond producers...Read More

UPDATE 1-Asia Morning Call-Global Markets

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,999.80 45.919NZX 50**8,331.90 30.18DJIA**25,309.99347.51NIKKEI**21,892.78156.34Nasdaq**7,337.390127.304 FTSE**7,244.41 -7.98S&P 500** 2,747.343.34 Hang Seng** 31,267.17301.49SPI 200 Fut 6,00431.00 STI** 3,533.22 44.76SSEC**3,289.0241 20.4652 KOSPI** 2,451.52 37.24---------------------------------------------------...Read More

Australia's Newcrest Mining buys stake in Canada's Lundin Gold for $250 mln

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake Canadian miner Lundin Gold Inc . Newcrest said the total $400 million to be raised by Lundin Gold would be used to develop Lundin's Fruta del Norte gold mine in Ecuador.Newcrest also said it signed a joint venture with Lundin to earn up to 50 percent direct interest in eight Ecuadoran ex...Read More

Australia's Newcrest Mining buys stake in Canada's Lundin Gold for $250 mln

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake Canadian miner Lundin Gold Inc . Newcrest said the total $400 million to be raised by Lundin Gold would be used to develop Lundin's Fruta del Norte gold mine in Ecuador.Newcrest also said it signed a joint venture with Lundin to earn up to 50 percent direct interest in eight Ecuadoran exp...Read More

Australia shares poised to open higher; NZ up

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Australian shares are seen opening higher on Monday, tracking a recovery on Wall Street as worries over a possible quickening of interest rate hikes dissipated. The local share price index futures rose 0.5 percent or 31 points to 6,004, a 4.2-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.8 percent on Friday.New Zealand's benchmark S&P/NZX...Read More

Shareholders in Brazilian meatpacker BRF seek management shake-up

February 25, 2018 / www.kitco.com

SAO PAULO, Feb 25 (Reuters) - Petros pension fund said on Sunday it was calling on Brazilian food processing company BRF SA to hold an extraordinary shareholders meeting to dismiss the firm's entire board of directors following its worst annual results ever.Petros said in a statement that along with the Previ pension fund and other shareholders, it asked the board chaired by Abilio Diniz to call t...Read More

White House: Talks With North Korea Must Lead To Ending Nuclear Program

February 25, 2018 / www.kitco.com

Yuna Park, Roberta RamptonSEOUL/WASHINGTON (Reuters) - The White House said any talks with North Korea must lead to an end to its nuclear program after senior officials from Pyongyang visiting South Korea said on Sunday their government was open to talks with the United States.The North Korean delegation, in Pyeongchang for the closing ceremony of the Winter Olympics, met at an undisclosed locatio...Read More

The EV future is here and already boosting earnings for miners

February 25, 2018 / www.mining.com

By David Stringer(Bloomberg) - The booming electric vehicle revolution is flowing through to the bottom line of a growing list of global miners, who are reaping higher profits from rising demand for battery raw materials.Orocobre Ltd. reported Friday that net income rose 11 percent in the December half and forecast lithium prices to gain about a quarter this half. The supplier, with an operation i...Read More

Shipping gauge shows iron ore, copper prices heading for fall

February 25, 2018 / www.mining.com

Drifting into the doldrums?The Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago.The London-based Baltic Exchange tracks the cost of moving commodities along more than 50 routes around the world and the BDI is considered one of the go-to barometers of the global economy and a leading indictor of commodity prices.In November 2015 t...Read More

Shipping gauge shows iron ore, copper prices heading for fall

February 25, 2018 / www.mining.com

Drifting into the doldrums?The Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago.The London-based Baltic Exchange tracks the cost of moving commodities along more than 50 routes around the world and the BDI is considered one of the go-to barometers of the global economy and a leading indictor of commodity prices.In November 2015 t...Read More

#China To Change Constitution, Allowing Xi To Stay In Power Forever | Zero Hedge

February 25, 2018 / www.zerohedge.com

China's Communist Party has officially cleared the way for President Xi Jinping to rule as emperor for life by announcing on Sunday that it intends to abolish a two-term constitutional limit on the presidency...Read full newsRead More

UPDATE 1-Jordan PM reshuffles cabinet to soothe anger over poor economy

February 25, 2018 / www.kitco.com

(Adds king appoints new police chief)By Suleiman Al-KhalidiAMMAN, Feb 25 (Reuters) - Jordan's Prime Minister Hani Mulki reshuffled his cabinet on Sunday and appointed the king's chief of staff as his special deputy for economic affairs in an apparent bid to soothe widespread anger over rising hardship and flagging growth.Mulki's reshuffle, his sixth since coming to power in May 2016, comes three...Read More

Asia Morning Call-Global Markets

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,999.80 48.90 NZX 50**8,301.72 34.84DJIA25,309.99347.51NIKKEI**21,892.78156.34Nasdaq7,337.390127.304 FTSE**7,244.41 -7.98S&P 500 2,747.343.34 Hang Seng** 31,267.17301.49SPI 200 Fut 6,004.00 31.00 STI** 3,533.22 44.76SSEC**3,289.0241 20.4652 KOSPI** 2,451.52 37.24-----------------------------------------------------...Read More

South Africa's NUM union says 1,722 jobs to go at Evander Gold Mine

February 25, 2018 / www.mining.com

JOHANNESBURG, Feb 25 (Reuters) - South Africa's National Union of Mineworkers (NUM) on Sunday said that Pan African Resources would cut 1,722 jobs at its Evander Gold Mine in the country's Mpumalanga province.The NUM said the company, which has a total workforce of 1,812 people at the mine, informed the union that the job cuts were due to deteriorating and inadequate infrastructure at the mine, hi...Read More

Nickel-copper-cobalt find vaults Vancouver junior to top of TSX-V ranking

February 25, 2018 / www.mining.com

Garibaldi Resources Corp. (TSX-V:GGI), a Vancouver-based explorer with projects in British Columbia and Mexico, topped the TSX Venture Exchange's Top 50 rankings in 2017 with a 2,351% year-over-year gain in market value in 2017.More than 150,000,000 of Garabaldi's shares were traded throughout the year, while its share prices appreciated 1,722% over the course of 2017. The Venture 50 ranking is ba...Read More

Nickel-copper-cobalt find vaults Vancouver junior to top of TSX-V ranking

February 25, 2018 / www.mining.com

Garibaldi Resources Corp. (TSX-V:GGI), a Vancouver-based explorer with projects in British Columbia and Mexico, topped the TSX Venture Exchange's Top 50 rankings in 2017 with a 2,351% year-over-year gain in market value in 2017.More than 150,000,000 of Garabaldi's shares were traded throughout the year, while its share prices appreciated 1,722% over the course of 2017. The Venture 50 ranking is ba...Read More

Nickel-copper-cobalt find vaults Vancouver junior to top of TSX-V ranking

February 25, 2018 / www.mining.com

Garibaldi Resources Corp. (TSX-V:GGI), a Vancouver-based explorer with projects in British Columbia and Mexico, topped the TSX Venture Exchange's Top 50 rankings in 2017 with a 2,351% year-over-year gain in market value in 2017.More than 150,000,000 of Garabaldi shares were traded throughout the year, while its share price appreciated 1,722% over the course of 2017. The Venture 50 ranking is based...Read More

North Korea condemns sanctions, but seen open to talks with U.S.

February 25, 2018 / www.kitco.com

SEOUL (Reuters) - Senior officials from Pyongyang visiting South Korea on Sunday said North Korea was open to talks with the United States, hours after it accused Washington of trying to stir up conflict on the peninsula with new sanctions.In Pyeongchang for the closing ceremony of the Winter Olympics, the visiting delegation also said developments in relations between the two Koreas and between N...Read More

Markets Fret Over Federal Reserve's Approach Under New Chair Powell

February 25, 2018 / www.kitco.com

NEW YORK (Reuters) - Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire.Federal Reserve chair Jerome Powell has said little about the sharp fall in Wall Street stocks this month, besides offering the platitude at his swearing-in ceremony last week that “we will remain alert to any developing risks to...Read More

Turkey's Zorlu Holding signs $4.5 bln battery deal with China's GSR Capital

February 25, 2018 / www.kitco.com

ISTANBUL, Feb 25 (Reuters) - Turkey's Zorlu Holding has signed an agreement with Chinese investment firm GSR Capital for investments in battery production totalling $4.5 billion until 2023, Zorlu's chief executive said on Sunday.In a statement, Zorlu Holding CEO Omer Yungul said Vestel , owned by Zorlu, and GSR Capital would work together to each build 50 percent of a "mega battery factory&qu...Read More

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