About 950 gold miners were stuck underground in South Africa on Thursday after a power cut, the mine's owner said, though the workers were not reported to be in immediate danger.The Sibanye-Stillwater mining company said a massive power outage caused by a storm had prevented lifts from bringingRead full newsRead More
"The problem is that we can never predict when an earthquake can strike."Read full newsRead More
A storm knocked electricity out, preventing lifts from bringing nightshift workers to the surface.Read full newsRead More
South African media say about 900 miners are trapped underground at a gold mine after a shaft elevator stopped working because of a power outage.Read full newsRead More
About 950 gold miners remained trapped in a gold mine in the Free State province of South Africa Thursday, after a storm knocked out the electrical supply.Read full newsRead More
The optimistic outlook for gold makes now the time to acquire mining junior Seabridge Gold Inc. (TSX:SEA)(NYSE:SA).Read full newsRead More
A storm has knocked out power to a gold mine in South Africa's Free State province, trapping 950 workers underground. The company insists the miners are not in danger, but their union is extremely concerned.Read full newsRead More
Acacia Mining has spent$2 million to lock in the option to sell 120,000 ounces of itsgold output at $1,320 an ounce, hedging against lower prices tooffset the impact of a government ban on concentrate exports.Mining companies use theseRead full newsRead More
Acacia Mining has spent$2 million to lock in the option to sell 120,000 ounces of itsgold output at $1,320 an ounce, hedging against lower prices tooffset the impact of a government ban on concentrate exports.Mining companies use theseRead full newsRead More
Marin Katusa Marin Katusa started off the 2018 Vancouver Resource Investment conference off in a battle with Rick Rule and Frank Holmes discussing top picks. Marin's picks were no surprise to...Read full newsRead More
Even with solid U.S. economic growth, construction spending rose in 2017 by the least in six years, as nonresidential building slowed and outlays by governments declined.The value of construction put in place increased 3.8 percent to $1.23 trillion last year, according to Commerce Department figures released Thursday in Washington. That’s the smallest gain since a 2.6 percent drop in 2011....Read More
U.S. factories expanded more than forecastin January and near the fastest pace in more than 13 years,indicating manufacturing was still powering ahead at the startof 2018, Institute for Supply Management data showed Thursday.Highlights of ISM Manufacturing (January)Factory index was little changed at 59.1 (est. 58.6) from 59.3 in Dec.; readings above 50 indicate expansion Gauge remains close to Se...Read More
U.S. Productivity Slows as Unit Labor Costs Jump 2% Productivity in the U.S. unexpectedly fell for the first time since early 2016 as working hours slightly outpaced output, underscoring a sluggish pace of efficiency gains during this expansion, a Labor Department report showed Thursday.Highlights of Productivity (Fourth Quarter)Measure of nonfarm business employee output per hour decreased at 0.1...Read More
The Dow Jones Industrial Average finished higher on Thursday, Feb. 1, with the S&P 500 and Nasdaq declining slightly. Investors were anticipating earnings from Apple Inc. (AAPL) , Alphabet Inc. (GOOGL) and Amazon.com Inc. (AMZN) , all reporting after the bell. The Dow was up 37 points, a gain of 0.14%. The S&P 500 was 0.07% lower and the Nasdaq was down by...Read More
The bond bubble will be the critical one, Greenspan saysNotes that the U.S. is working toward higher interest rates"The bond market bubble will eventually be the critical issue," Greenspan tells Bloomberg Television.The man who made the term “irrational exuberance” famous says investors are at it again.“There are two bubbles: We have a stock market bubble, and we have a bond m...Read More
10-year yield climbs above 2.78% as fear of contagion mountsApple headlines afterhours tech earnings with AmazonBMO Capital Markets Grows Cautious on Apple U.S. stocks and Treasuries fell in tandem Thursday ahead of a slew of technology earnings, as the threat of higher rates from the Federal Reserve continued to rattle equity markets coming off their best month since March 2016.The Nasdaq 100 Ind...Read More
The bond bubble will be the critical one, Greenspan saysNotes that the U.S. is working toward higher interest rates"The bond market bubble will eventually be the critical issue," Greenspan tells Bloomberg Television.The man who made the term “irrational exuberance” famous says investors are at it again.“There are two bubbles: We have a stock market bubble, and we have a bond m...Read More
Concerted global economic growth could hit 4% and top commodities consumer China is set to expand at a 6.6% clip this year according to the IMF and others.Factories around the world are buzzing - the global JP Morgan manufacturing PMI entered the year at its highest since February 2011.The LME index of base metals has climbed to the highest since 2014. Given its widespread use copper is considered...Read More
The latest news and price moves to start the Asian day on Friday February 2.The latest news and price moves to start the Asian day on Friday February 2.Lead prices on the London Metal Exchange were 1.7% higher at the close on Thursday February 1, with the metal continuing its fine performance since the turn of 2018. Read more here in our live futures report.Here are how LME prices looked at Thursd...Read More
Aaron Gentzler: Thanks for making time today with your busy schedule. How's it going down south?Ray Blanco: Doing great down here in Florida. Nice and warm.Aaron Gentzler: Excellent. Always great to hear. Let's get right to it. Today, I want to talk artificial intelligence (AI). Can you give a big picture overview?Ray Blanco: Sure, traditionally the way we've dealt with computers is, you pro...Read More