Edmonton-based Grizzly Discoveries announced its intentions to purchase the cobalt-copper-silver "Robocop Property," located within the Fort Steele Mining District in southeastern British Columbia.In detail, the property is located east of the company's Greenwood property or approximately 45 kilometres south of the town of Fernie, immediately north of the Canada-US border. Robocop is comprised of...Read More
BEIJING, March 28 (Reuters) - Jiangxi Copper Co Ltd, one of China's biggest copper smelters, said on Wednesday its 2017 net profit more than doubled, growing at the fastest pace in seven years, mainly due to higher copper prices.The Nanchang-based company also aims to increase its copper output in 2018, though it will be monitoring the market due to the country's expected slower growth in key infr...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) may soon make a decision about whether or not to restart operations at its La Coipa gold and silver mine in northern Chile, as it expects to receive the remaining permits to resume mining by July.Operations at La Coipa mine, located in Chile's Atacama Region, were halted in 2013, when the targeted orebody run out of riches. But the results of a pre-f...Read More
The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt.At least that's the legend in Kolwezi. Once a few locals discovered the metal underfoot five years ago, everyone grabbed hand shovels and pickaxes; they tunneled beneath homes, schools and churches. And that's how a working-class neighborhood, located on the edges of a densely populated city of hal...Read More
Japan's JXTG Holdings Inc on Wednesday raised its net profit forecast by about 12 percent for the ongoing fiscal year despite an impairment loss of 125 billion yen ($1.2 billion) at its Caserones copper mine in Chile due to higher production costs.The Japanese energy and metals company said annual net profit for the year ending March 31 would touch 335 billion yen, against an earlier estimate of 3...Read More
(Updates to U.S. equity market close)* U.S. stocks struggle to maintain momentum; tech stocks fade* Buying lifts Treasury prices even with Europe, Asia stocks higher* Reports China and U.S. quietly working to avoid trade warBy Trevor HunnicuttNEW YORK, March 27 (Reuters) - U.S. stocks sank in late trading on Tuesday, with faltering technology shares reversing a global stock rally that had swept th...Read More
(Updates to afternoon U.S. trading)* Reports China and U.S. quietly working to avoid trade war* U.S. stocks struggle to maintain momentum; tech stocks fade* Buying lifts Treasury prices even with Euro, Asian stocks higherBy Trevor HunnicuttNEW YORK, March 27 (Reuters) - U.S. stock indexes were at session lows in the last hour of trading on Tuesday as faltering technology shares threatened to rever...Read More
* European markets climb, S&P positive* Reports China and U.S. quietly working to avoid trade war* Euro reverses gain on lending data, policymaker comment (Updates to U.S. equity market open; changes dateline, previous LONDON)By Trevor HunnicuttNEW YORK, March 27 (Reuters) - Stock markets mostly gained on Tuesday as reports that the United States and China were negotiating to avert a trade war...Read More
Investing.com - Gold fell on Tuesday as the dollar was bolstered by news that China and the U.S. were negotiating a trade deal.Comex gold futures for April delivery slumped 1.02% to a five-week high of $1,341.20 a troy ounce as of 10:28 AM ET (14:28 GMT).The U.S and China are negotiating trade agreements to give the U.S. access to Chinese markets, according to various media reports.China has offer...Read More
March 27 (Reuters) - Vedanta Resources Plc VED.L said on Tuesday its India unit Vedanta Ltd's VDAN.NS copper smelting operations at Thootukudi, in the southern state of Tamil Nadu (NS:TNNP), will be closed for about 15 days as part of a maintenance shutdown.The news of the maintenance activity, which Vedanta said was earlier scheduled for April, comes amid local media reports that thousands had...Read More
* European markets open higher, S&P futures extend gains* Reports China and U.S. quietly working to avoid trade war* Currency investors dump dollar and yen, snap up euros (Adds European markets)By Tom PfeifferLONDON, March 27 (Reuters) - Stock markets jumped and the dollar fell on Tuesday as reports that the United States and China were negotiating to avert a trade war whetted investors' appet...Read More
Investing.com - Gold prices backed away from five-week highs on Tuesday as the dollar pushed higher and risk appetite was revived by hopes that the threat of a trade war between the U.S. and China could be averted.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange slipped $3.4 or 0.26% to $1,351.70 a troy ounce by 04:40 AM ET (08:40 GMT).The U.S. dollar index...Read More
* Asia shares track Wall St rebound, Nikkei up over 2 pct* European markets seen opening higher, S&P futures extend gains* Reports China and U.S. quietly working to avoid trade war* Currency investors dump dollar and yen, snap up eurosBy Wayne ColeSYDNEY, March 27 (Reuters) - Asian share markets sprang higher on Tuesday as reports of behind-the-scenes talks between the United States and China...Read More
BKZ is less than 800m from the BKM copper project, which the company is currently carrying out a feasibility study on, but the earlier-stage asset is gaining investor attention for its variety of rich base and precious metal mineralisation.The latest infill results have, again, shown why investors would be interested.Broad intervals of high-grade massive sulphide mineralisation were intercepted in...Read More
SHANGHAI, Mar 28 (SMM) – Nonferrous metals fell for the most part on Wednesday March 28 except for lead, which inched up slower than the previous day. Tin led losses with a drop over 1%, and copper, aluminium, zinc, and nickel edged down.Across the ferrous complex, coke fell nearly 4%, coking coal declined almost 2%, and iron ore dipped over 1%. Rebar and hot-rolled coil inched up.Copper: SH...Read More
Several storms swept through the area during the past two weeks, which has made access to the property and selected drill targets both difficult and dangerous.Read More
Other changes will see non-executive director and former Lundin Mining (CN:LUN) executive Neil O'Brien become non-executive chairman, filling a position that has been left vacant since July. Kuenzel, meanwhile, will become finance director.Struthers, also previously at Lundin Mining, was only named COO at the end of last year.Georgian said the changes followed an agreement between the company and...Read More
SHANGHAI, Mar 28 (SMM) – China’s gross domestic product (GDP) is likely to grow 6.8% in the first quarter of 2018 and 6.9% in the first half of the year, according to a forecast by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences released on Tuesday March 27.The forecast also expects China to meet this year's annual GDP gr...Read More
SHANGHAI, Mar 28 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded overnight as concerns of a trade war eased. Month-end capital flows and a weakening euro also buoyed the index.Most base metals climbed up but with limited gains due to the rebound in the greenback. SHFE copper inched up, while zinc dipped. LME...Read More