Albemarle said on Thursday it is moving forward on a project it claims will boost its Chilean lithium production by 30% without extracting more brine from the environmentally sensitive Salar de Atacama, the world's driest desert.The company, the world's largest producer of the raw material used to make electric vehicle batteries, has teased the industry for more than a year that it has production-...Read More
Most analysts are already bullish on HOME stockAt Home Group Inc (NYSE:HOME) received new coverage from Berenberg this morning, with the brokerage firm issuing a "buy" recommendation and $30 price target. HOME shares were last seen trading at $22.81 after gaining ground from their year-to-date low a month ago, helped by reports that the home furnishing company is exploring a possible sale. On a y...Read More
South African gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.Output of the precious metal dropped 18% from a year earlier compared with a 21% decline in February, Pretoria-based Statistics South Africa said in a statement Thursday. Production contracted for 29 months through January 2009.Key InsightsSouth Africa used...Read More
ArcelorMittal, the world's largest steelmaker, cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year.The Luxembourg-based company, which makes about 6 percent of the world's steel, announced on Monday it was temporarily reducing European steel output by 3 million tonnes on an annualised basis due to weak demand and in...Read More
Acacia Mining Plc saw a surge in gold production in April thanks chiefly to a 54-percent rise in output from its disputed North Mara gold mine in Tanzania.Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had cut output by a third after the government banned the export of mineral concentrates in 2017.Barrick's Chief Executive Mark Bristow on Wedne...Read More
Acacia Mining Plc saw a surge in gold production in April thanks chiefly to a 54-percent rise in output from its disputed North Mara gold mine in Tanzania.Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had cut output by a third after the government banned the export of mineral concentrates in 2017.Barrick's Chief Executive Mark Bristow on Wedne...Read More
Rio Tinto has begun shipping more aluminium to markets like Europe to offset slowing demand from the United States partly caused by the trade dispute between China and the U.S., Chief Executive Jean-S?(C)bastien Jacques said on Thursday.Jacques said that demand for Rio Tinto's products had not been impacted by the dispute, which is threatening to escalate this week.Chinese Vice Premier Liu He is s...Read More
The S&P and Nasdaq are on track for a fourth straight loss Despite eking out a win yesterday, Dow Jones Industrial Average (DJI) futures are pointed lower, withtrade tensions reignited following President Donald Trump's comments at a Florida rally Wednesday evening. Specifically, he said China "broke the deal," and "they can't do that, so they'll be paying." This, as Chinese Vice Premier Liu He he...Read More
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
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