Takeover target Lynas Corp Ltd on Tuesday reported a 32.5 percent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers Ltd .Output of rare earths oxides (REO) in the quarter ending March 31 was 5,444 tonnes, compared with 4,110 tonnes produced last year.Production of NdPr, or neodymium-praseodymium, rose 19....Read More
Shares in silver producer Hecla Mining (NYSE:HL) fell on Tuesday after it became public that a judge in the US state of Montana overturned the water permit approval for the company's proposed Rock Creek mine.The licence would have allowed Hecla to pump groundwater to supply the proposed copper and silver mine in the Cabinet Mountain Wilderness, an area of glaciated peaks and valleys that take thei...Read More
Shares in silver producer Hecla Mining (NYSE:HL) fell on Tuesday after it became public that a judge in the US state of Montana overturned the water permit approval for the company's proposed Rock Creek mine.The licence would have allowed Hecla to pump groundwater to supply the proposed copper and silver mine in the Cabinet Mountain Wilderness, an area of glaciated peaks and valleys that take thei...Read More
Shares in silver producer Hecla Mining (NYSE:HL) fell on Tuesday after it became public that a judge in the US state of Montana overturned the water permit approval for the company's proposed Rock Creek mine.The licence would have allowed Hecla to pump groundwater to supply the proposed copper and silver mine in the Cabinet Mountain Wilderness, an area of glaciated peaks and valleys that take thei...Read More
Gold prices could move higher later this year on the back of Fed dovishness on interest rates, purchases from central banks and lingering global uncertainties, said Martin Huxley, global head of precious metals at financial services firm INTL FCStone.Huxley told CNBC that gold could "grind higher" in the second half of the year and possibly reach $1,400 an ounce.A key factor boosting gold is the U...Read More
Nearly 100,000 call options are in open interest at the IWM April 158 strikeIt was a flattish performance last week for the iShares Russell 2000 ETF (NYSEARCA:IWM), which tracks the small-cap Russell 2000 Index (RUT), as caution about the pace of global economic growth put a damper on buying interest for the sector. But April so far has been fairly bullish for IWM, as evidenced by its month-to-dat...Read More
A report recently published by Future Market Insights predicts that the mining flotation chemicals market will reach $10 billion by 2020.Mining flotation chemicals help a certain desired mineral float out from the rock surface during the ore beneficiation process. Given that different minerals have different surface flotation characteristics, there is a variety of corresponding chemicals that prom...Read More
During a trade mission to Sierra Leone that involved a group of 29 international diamantaires and jewelers, Martin Rapaport, Chairman of the Rapaport Group, presented a proposal to the government of Sierra Leone that he believes would optimize the country's diamond industry.In a media statement, Rapaport said the proposal includes a systematic and sustainable business model that "will optimize the...Read More
During a trade mission to Sierra Leone that involved a group of 29 international diamantaires and jewelers, Martin Rapaport, Chairman of the Rapaport Group, presented a proposal to the government of Sierra Leone that he believes would optimize the country's diamond industry.In a media statement, Rapaport said the proposal includes a systematic and sustainable business model that "will optimize the...Read More
(Updates with closing prices)By Peter HobsonLONDON, April 16 (Reuters) - Zinc prices fell more than 3percent on Tuesday as a big inflow into London Metal Exchange(LME) warehouses fanned expectations that a supply deficit willsoon end.Benchmark zinc on the LME closed down 3.1 percent at$2,809.50 a tonne, the biggest daily fall since August, afterhitting a three-week low.The metal used chiefly to ga...Read More
April 15 (Reuters) - Chifeng Jilong Gold Mining Co Ltd : * SAYS IT PLANS TO BUY JILIN HAN FENG MINING TECHNOLOGIES VIA SHARE ISSUE, SHARE TRADE TO HALT FROM APRIL 16 Source text in Chinese: http://tinyurl.com/y43mo4h7 ...Read full newsRead More
* Positive economic data from U.S., China lift sentiment * Asian shares hover near 9-month peak * SPDR gold holdings slip to lowest since early Nov (Updates prices, adds comment)By Sethuraman N RApril 16 (Reuters) - Gold prices fell to a near 3-month lowon Tuesday as positive economic data from major economies stokedrisk appetite, weakening demand for safe-haven bullion. Spot gold was down 0.6perc...Read More
". @revivalgoldinc will be at Mining Journal Select on 25th - 26th June 2019, London, United Kingdom #MJSelect #MJS #Aspermont"Read full newsRead More
Community activists who oppose mining projects in South Africa live in constant fear as they are often harassed, threatened and sometimes killed, a group of human rights advocates says.In a joint report and video released on Tuesday, the Centre for Environmental Rights, groundWork, Earthjustice, and Human Rights Watch say locals who mobilize to raise concerns about potential environmental and heal...Read More
* Chinese data soothes investors nerves, focus turns to GDP * European stock volatility falls to its lowest since Jan2018 * Lufthansa delivers bigger-than-expected Q1 loss* Zalando rallies after upbeat profit forecast (Updates to close, adds details)By Agamoni GhoshApril 16 (Reuters) - European shares ended at an eight-monthhigh on Tuesday, bolstered by banking and financial stocks,upbeat data fro...Read More
The brisk turnaround in risk appetite last week, fueled by encouraging economic data and relatively strong Q1 earnings reports, has seen precious metals under pressure, while agricultural and energy commodities were mixed. Precious metals GOLD could be on track to close below the 100-day moving average at 1,288.47 today for the first time since November 15. The metal touched the lowest sinc...Read More
Hudbay Minerals' (TSX, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the Canadian miner in a bid to constrain its ability to solicit proxies.Waterton alleges that the company's management information circular in respect of its annual and special meeting of shareholders to be held on May 7, 2019 contains misrepresentations.The private-equity fi...Read More
Hudbay Minerals' (TSX, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the Canadian miner in a bid to constrain its ability to solicit proxies.Waterton alleges that the company's management information circular in respect of its annual and special meeting of shareholders to be held on May 7, 2019 contains misrepresentations.The private-equity fi...Read More
Hudbay Minerals' (TSX, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the Canadian miner in a bid to constrain its ability to solicit proxies.Waterton alleges that the company's management information circular in respect of its annual and special meeting of shareholders to be held on May 7, 2019 contains misrepresentations.The private-equity fi...Read More
In the latest edition of Canadian Insider Insights, we assess what slumping insider sentiment means for the broad market as well as pot stocks. Importantly, as we head into summer, we expect stock selection will play an outsized role in delivering performance for investors. Meanwhile, our insider of the week comes from the junior mining group where many eyes are focused on the James Bay area in Q...Read More