AngloGold Ashanti Ltd. plans to sell its last South African mine, marking the exit of Anglo American Plc and the companies it spawned from the industry that created Africa's biggest economy.Anglo's creation in 1917 by Ernest Oppenheimer and the subsequent development of what was for decades the world's biggest gold industry underpinned the development of South Africa into the continent's preeminen...Read More
The brick-and-mortar store at 414 Upchurch St., Apex, features indoor gem mining, along with a gift shop and party space, and now gold panning.Read full newsRead More
Valterra Resource (TSXV: VQA) and Ginguro Gold signed a letter of intent this week in which the latter expresses its intention to acquire an 80% interest in the Weepah property, located in Esmeralda County, Nevada.To move forward with the deal, Ginguro would have to pay Valterra $10,000 upon execution of the LOI and incur in $1,050,000 in cumulative aggregate exploration expenditures on or in resp...Read More
Valterra Resource (TSXV: VQA) and Ginguro Gold signed a letter of intent this week in which the latter expresses its intention to acquire an 80% interest in the Weepah property, located in Esmeralda County, Nevada.To move forward with the deal, Ginguro would have to pay Valterra $10,000 upon execution of the LOI and incur in $1,050,000 in cumulative aggregate exploration expenditures on or in resp...Read More
Canada's ZEN Graphene Solutions (TSXV: ZEN) this week received a $1 million grant aimed at accelerating its graphene-enhanced concrete research and development project.In a press release, the company said the grant will potentially help its experts achieve the goal of providing cement-based composite products to the Ontario market by early 2020.ZEN management says the goal is to provide significan...Read More
The United States and a group of Pacific allies are proposing to finance a power...Read full newsRead More
"Monterey Minerals Inc. (CSE:MREY, FWB:2DK) is a mineral exploration company with properties in Western Australia and BC, Canada. Monterey is focusing its efforts on its Sherlock River gold property in Western Australia. https://t.co/GuyVKmYcLJ #gold #exploration #investing"Read full newsRead More
Australian exploration and development Aurelia Metals (ASX:AMI) said on Thursday it was no longer discussing with miner and commodities trader Glencore (LON: GLEN) a possible acquisition of the Swiss company's CSA copper mine.The New South Wales-based miner is the second since April to back off from plans to buy the operation.Fellow copper junior Aeris Resources (ASX: AIS) had offered Glencor...Read More
Australian exploration and development Aurelia Metals (ASX:AMI) said on Thursday it was no longer discussing with miner and commodities trader Glencore (LON: GLEN) a possible acquisition of the Swiss company's CSA copper mine.The New South Wales-based miner is the second since April to back off from plans to buy the operation.Fellow copper junior Aeris Resources (ASX: AIS) had offered Glencor...Read More
* SoftBank to split shares two-for-one on June 27 * SoftBank to maintain dividend at 44 yen per share * Vision Fund bets worth $72.3 bln vs $60.1 bln acquisitioncost* Value of its Uber stake grew by 418 bln yen * Vision Fund 2 to be announced soon - Son(Recasts, adds executive comment)By Sam NusseyTOKYO, May 9 (Reuters) - Japan's SoftBank Group Corp announced a stock split while keeping the per-sh...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters ReutersAn amphora filled with ancient gold Roman coins found in the Cressoni theatre complex is seen in Como Italy, September 5, 2018. Gold prices rose on Thursday, supported by a weaker dollar and as investors sought safe-haven assets after U.S. President Donald Trump warned a trade deal with China was in danger, sending global stocks lower....Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended mixed Wednesday as threats from both the U.S. and China raised concerns about the completion of a trade deal this week. Electronic Arts (EA - Get Report) advanced after the video game maker beat analysts' sales forecasts in its fiscal fourth quarter. Lyft (LYFT) fell after the ride-sharing company rep...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 8.Please click...Read More
Chinese nickel premiums were unchanged at a 14-month high as of Tuesday May 7, according to Fastmarkets' latest assessments, in a week of multiple holidays and subdued trading.Elsewhere, the premium on European cathodes stabilized while those of briquettes continued lower. In the United States, similarly, the briquette premium dipped slightly while that of 4x5 cut cathodes was unchanged. Briquette...Read More
The three-month price of zinc on the London Metal Exchange softened by a little less than 2% at the close of trading of Wednesday May 8, with continued inflows of material into LME-registered locations in European putting pressure on prices to move lower.Volumes traded for the galvanizing metal were particularly high over the afternoon, with more than 12,900 lots changing hands by the close.The th...Read More
Copper output by Chilean state-owned producer Codelco recovered in March 2019 but remained depressed when compared with last year's figures, national copper commission Cochilco said on Wednesday May 8.The company produced 128,600 tonnes of contained copper during March, down by 18.30% from 157,400 tonnes in the corresponding month in 2018.But this decline was less pronounced than the 19.30% year-o...Read More
The Wednesday Market Minute Global stocks extend declines on concerns over a collapse in U.S. China trade talks and its impact on an already-fragile world economy.China's April trade data shows a surprise increase in exports, but a wider-than-expected trade deficit with the United States of $21.01 billion, adding pressure to the contentious talks this week in Washington.Europe extends declines d...Read More
Norsk Hydro will aim to create a more sustainable footprint through the life cycle of its low-carbon aluminium products and solutions, the company's new president and chief executive officer, Hilde Merete Aasheim, said this week.Aasheim took up her new position at the Norwegian aluminium producer on Wednesday May 8, replacing Svein Richard Brandtz??g whose departure was announced in Marc...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The Turkish steel mills went quiet in the deep-sea scrap markets on Wednesday May 8 due to low demand for finished steel and the country's worsening political situation, sources told Fastmarkets.The most recent cargo booking in the deep-sea trade was on May 7. A steel mill in the Iskenderun region booked a US cargo, comprising 23,000 tonnes of HMS 1&2 (80:20) at $300 per tonne and 5,000 tonnes of...Read More