* STOXX 600 ends up 1.5 percent* Banks top sectoral gainer on U.S. rate hike prospects* Builder CRH (LON:CRH) helps lift sector index to 10 year high* Basic resources, defence stocks also in demand (Adds details, closing prices)By Danilo MasoniMILAN, March 1 (Reuters) - European shares climbed to 15-month highs on Wednesday, with banks and construction stocks leading the rally on renewed optimis...Read More
What's the Perfect Market Cap for Mining Companies (Exploration)?Hear what Nick @MiningBookGuy @TheNextBigRush and @Fi_Fighter have to say on what sort of market caps are interesting for exploration companies in the junior mining sector.Should you invest alongside Ross Beaty, Rick Rule, Frank Giustra and other heavyweights? Should you wait until a JV with Barrick, Goldcorp and Newmont?Or is it bet...Read More
SHANGHAI, Mar 1 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightAs the US dollar continued to go up, with the dollar index hitting a post-Chinese New Year high at 90.62, and China’s manufacturing purchasing managers’ index (PMI) failed to meet expectations, we saw a big slump in base metals futures except for SHFE alumi...Read More
SHANGHAI, Mar 1 (SMM) -Copper: LME copper lost support at the $7,000/mt level and SHFE copper fell to a low of 52,380 yuan/mt overnight as the US dollar remained strong. With pressure on base metals, we see copper staying rangebound in the short term with possible upward room in the medium term. We expect LME copper to trade at $6,900-6,970/mt and the SHFE 1804 contract to trad...Read More
The sharp downturn in seaborne coking coal prices has continued during the past month.Australian export prices have retreated by a further 15% (or roughly $25/tonne at the time of writing in late February), to under $155/tonne FOB. This is $130/tonne below the first quarter contract prices settled between Glencore and NSSMC in mid-December, when spot prices were closer to $300/tonne FOB. Based on...Read More
The sharp downturn in seaborne coking coal prices has continued during the past month.Australian export prices have retreated by a further 15% (or roughly $25/tonne at the time of writing in late February), to under $155/tonne FOB. This is $130/tonne below the first quarter contract prices settled between Glencore and NSSMC in mid-December, when spot prices were closer to $300/tonne FOB. Based on...Read More
The sharp downturn in seaborne coking coal prices has continued during the past month.Australian export prices have retreated by a further 15% (or roughly $25/tonne at the time of writing in late February), to under $155/tonne FOB. This is $130/tonne below the first quarter contract prices settled between Glencore and NSSMC in mid-December, when spot prices were closer to $300/tonne FOB. Based on...Read More
The sharp downturn in seaborne coking coal prices has continued during the past month.Australian export prices have retreated by a further 15% (or roughly $25/tonne at the time of writing in late February), to under $155/tonne FOB. This is $130/tonne below the first quarter contract prices settled between Glencore and NSSMC in mid-December, when spot prices were closer to $300/tonne FOB. Based on...Read More
Link: Legend of Zelda... A short film/trailer of what could be a feature length film.Premise:Link wakes up in the woods after years of wandering, in search of something unknown to him after all this time.It is there he has a dream which speaks of what he is to do, and of what he has already done.In the dream he is told what lies ahead, what he must do to truly become the person he is meant to be.T...Read More
Scientists have discovered why some of the richest ore deposits on the planet, such as copper, zinc, silver and uranium, were formed in the middle period of Earth's history.A team of scientists from the University of Tasmania and University of California, led by Emeritus Professor Ross Large from the ARC Centre of Excellence in Ore Deposits (CODES), has shown that the rise of oxygen in the atmosph...Read More
Canada's British Columbia and the Territories are the country's mining districts where it takes the longest to obtain exploration permits, a new report released Tuesday shows.According to a survey of mining executives by policy think-tank the Fraser Institute, while Canadian provinces and territories fared well compared to international competitors in terms of issuing permits in a timely manner, s...Read More
Two Canadian provinces - Saskatchewan and Manitoba - are the world's top two most attractive mining investment destinations, displacing Western Australia from the first to the third place, the latest annual global survey of mining executives released Tuesday by the Fraser Institute shows.According to Canada's policy think-tank's Annual Survey of Mining Companies, the other seven jurisdictions...Read More
Balmoral Resources Ltd. (TSX: BAR; OTCQX: BALMF) is a well-funded, Canadian-based company with assets in the prolific Abitibi greenstone belt in Quebec, Canada. Balmoral is currently delineating a series of high-grade gold deposits on its Martiniere Property, which is part of the company's wholly owned 1,000 km2 Detour Gold Trend Project. Employing an aggressive, drill focused exploration style in...Read More
* Graphic: FX rates in 2017 http://tmsnrt.rs/2egbfVh* Europe stocks flat, world shares set for 4th month of gains* Trump flags big infrastructure spend before Tuesday speech* Oil futures firm, gold retreats from 3-1/2-month highBy Marc JonesLONDON, Feb 28 (Reuters) - World stocks hovered just off all-time highs and were on course for a fourth straight month of gains on Tuesday, as investors awaite...Read More
* Graphic: FX rates in 2017 http://tmsnrt.rs/2egbfVh* Europe stocks up, world shares set for 4th month of gains* Trump flags big infrastructure spend before Tuesday speech* Oil futures firm, gold retreats from 3-1/2-month highBy Marc JonesLONDON, Feb 28 (Reuters) - World stocks hovered just off all-time highs and were on course for a fourth straight month of gains on Tuesday, as investors awaited...Read More
Description As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth. This Copper Short Term Outlook report provides a detailed breakdown of...Read More
SHANGHAI, Feb 28 (SMM) – Nonferrous metals futures saw mixed trading on Wednesday February 28 with SHFE lead leading the loss with a 1.5% drop. SHFE copper was down by 1.4%, zinc slid over 1%, while nickel edged down. Aluminium and tin inched up.In the ferrous market, rebar and hot-rolled coil were up slightly while coking coal was down over 1%. Coke and iron ore edged down.Copper: The SHFE...Read More
SHANGHAI, Feb 28 (SMM) -Copper: A stronger US dollar drove LME copper lower towards the 60-day moving average, but prices are likely to rise in the medium term as downstream consumption recovers and Chinese scrap imports decline. We see LME copper to trade at $7,000-7,070/mt and the SHFE 1804 contract at 52,500-53,100 yuan/mt today. Spot discounts are seen getting smaller as sellers held up.A...Read More