Saudi Arabia, the world's top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the 20th century.Shortly after the 21st century began, one of Saudi Arabia's key customers made its first steps toward becoming one of the Kingdom's main competitors on the global oil market: the United States began fracking for oil in the mid-2000s. By the end of...Read More
France's environment minister, Fran??ois de Rugy, is expected to announce in June the government's official position on a proposed open-pit gold mine and precious metals industry in French Guiana, potentially the department's largest, and it has locals divided.The Montagne d'Or gold project, a joint venture between Russian billionaire Alexey Mordashov's mining company, Nordgold, and Canadian ju...Read More
France's environment minister, Fran??ois de Rugy, is expected to announce in June the government's official position on a proposed open-pit gold mine and precious metals industry in French Guiana, potentially the department's largest, and it has locals divided.The Montagne d'Or gold project, a joint venture between Russian billionaire Alexey Mordashov's mining company, Nordgold, and Canadian ju...Read More
France's environment minister, Fran??ois de Rugy, is expected to announce in June the government's official position on a proposed open-pit gold mine and precious metals industry in French Guiana, potentially the department's largest, and it has locals divided.The Montagne d'Or gold project, a joint venture between Russian billionaire Alexey Mordashov's mining company, Nordgold, and Canadian ju...Read More
Sandvik will deliver AutoMine and OptiMine solutions to Codelco's Chuquicamata mine in Chile, creating one of the most efficient and advanced underground mines in the world.Codelco is converting its Chuquicamata mine from open cast to an underground mine as part of a 10-year strategic project to prolong its existing mines. Operations are due to start in 2019.Sandvik will deliver a highly-advanced...Read More
The shares have broken out above their 200-day trendlineHasbro, Inc. (NASDAQ:HAS) stock gapped higher at the open this morning, after the toymaker said it swung to an unexpected first-quarter profit of 21 cents per share, while revenue of $732.5 million handily exceeded the consensus estimate. HAS cited rising sales from its franchise brands -- which include Play-Doh and Monopoly -- as well as a s...Read More
German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday.The announcement came as the London Metal Exchange (LME) launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022 to help root out metal t...Read More
Agnico Eagle Mines is doubling down this year on Nunavut, Canada's least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in the far north.For miners desperate to shore up reserves, the choice is often between safer jurisdictions with inhospitable geographies and easier-to-reach ores in politically challen...Read More
Agnico Eagle Mines is doubling down this year on Nunavut, Canada's least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in the far north.For miners desperate to shore up reserves, the choice is often between safer jurisdictions with inhospitable geographies and easier-to-reach ores in politically challen...Read More
SHOP could notch new highs again todayShopify Inc (NYSE:SHOP) scored a price-target raise to $240 from $210 at CIBC, with the brokerage firm maintaining its "outperform" rating ahead of earnings next Tuesday, April 30. CIBC said it was impressed by Shopify's improving trends in international markets and around its Plus e-commerce product, as well as its positive earnings history sinceits May 2015...Read More
Canadian miner Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices.The miner said even though commodity prices were lower than a year ago, prices rose during the first quarter and closed higher than prices at Dec. 31, 2018.The profit beat co...Read More
Canadian miner Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices.The miner said even though commodity prices were lower than a year ago, prices rose during the first quarter and closed higher than prices at Dec. 31, 2018.The profit beat co...Read More
More than 50 people were feared to have been killed in Myanmar when jade miners and machinery were buried under a mound of tailings late on Monday, a member of parliament and a rescue worker said.Three bodies had been pulled from the debris, Tin Soe, a lawmaker representing the jade-rich Hpakant area of Kachin state in the north, said on Tuesday.Deadly landslides and other accidents are common in...Read More
Oil prices are pointed higher, tooDow Jones Industrial Average (DJI) futures are modestly above fair value this morning, as Wall Street digests a heavy dose of blue-chip earnings. Among the winners are Coca-Cola (KO) and United Technologies (UTX), while Procter & Gamble (PG) stock seems set for a post-earnings slip. Traders are also keeping a close eye on oil prices, which continue to rise. At las...Read More
It could be a week to remember for SOCL as some of its top holdings take the earnings stageEarnings season is officially underway, and while bank and healthcare stocks have dominated Wall Street's attention lately, social media stocks could soon have their "moment in the sun." With Facebook (FB), Twitter (TWTR), and Snap (SNAP) set to report earnings this coming week, we decided to crunch the numb...Read More
Miners in Ontario are getting together and challenging each other in a series of events to honour the victims of the Hollinger Mine fire that claimed the lives of 39 miners in Timmins in 1928.At the 2019 Ontario Mine Rescue competition, workers from 20 mines in the eastern Canadian province will test their emergency response knowledge, firefighting skills, first aid response, use of emergency equi...Read More
Benchmark Metals (TSXV: BNCH) announced that on June 15, 2019, it will start a drilling program at the Lawyers gold-silver project located in British Columbia's Toodoggone Mineral District.In a media statement, the Edmonton-based firm said the drilling will focus on infill, step-out and deeper drilling to expand the current resources at the zones known as Cliff Creek and Dukes Ridge and establish...Read More
Benchmark Metals (TSXV: BNCH) announced that on June 15, 2019, it will start a drilling program at the Lawyers gold-silver project located in British Columbia's Toodoggone Mineral District.In a media statement, the Edmonton-based firm said the drilling will focus on infill, step-out and deeper drilling to expand the current resources at the zones known as Cliff Creek and Dukes Ridge and establish...Read More
There is little surprise that stock investors are jittery as the U.S. extends the longest U.S. economic expansion on record and after a stratospheric 330% stock-market gain during the run, including an almost 17% year-to-date total return. Bulls insist this economic and market expansion is built like no other, meaning that its demise won't come about in a way that has taken down past bullish phase...Read More
There is little surprise that stock investors are jittery as the U.S. extends the longest U.S. economic expansion on record and after a stratospheric 330% stock-market gain during the run, including an almost 17% year-to-date total return. Bulls insist this economic and market expansion is built like no other, meaning that its demise won't come about in a way that has taken down past bullish phase...Read More