SANTIAGO, Aug 29 (Reuters) - Antofagasta Plc expects its board to approve a $1.3 billion expansion of its Los Pelambres copper mine before the end of the year with construction starting in January, the Chilean miner's chief executive officer said on Wednesday.The London-listed company said in February it had received environmental approval for the three-stage infrastructure upgrade, unveiled in 20...Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) is looking for a business partner before moving ahead with its Phase 2 at Quebrada Blanca copper mine in northern Chile.The Vancouver-based company, which earlier this month received regulatory approval for a $4.8-billion mine extension, said that before kicking off work, it would have to secure a development part...Read More
* NSE index up 0.31 pct, BSE index up 0.3 pct* Infosys , Tata Consultancy hit record highs* BSE, NSE register new highsBy Abinaya VijayaraghavanAug 28 (Reuters) - Indian stock indexes hit record highs on Tuesday, buoyed by energy and IT shares and positive cues from global markets after the United States and Mexico agreed to overhaul the North American Free Trade Agreement.Infosys INFY.NS and T...Read More
* U.S.-Mexico trade agreement boosts market sentiment* Unite suspends planned strike on Total North Sea oil platforms* OPEC output edges up but remains below target* U.S. crude oil stocks rise 38,000 bbls unexpectedly -API(Adds API data in sixth paragraph)By Stephanie KellyNEW YORK, Aug 28 (Reuters) - Oil prices fell on Tuesday as some investors took profits on recent strong gains, but losses we...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window)* U.S. and Mexico reach trade deal on Monday* Nasdaq, S&P open at all-time highs* Indexes: Dow up 0.07 pct, S&P flat, Nasdaq up 0.10 pct* Best Buy slides on weak online sales, Q3 profit forecast* Cosmetics firm Coty, chipmaker Xilinx up on broker upgrades (Updates to early afternoon, adds comments)...Read More
* Europe's STOXX 600 hits 2-week high* U.S., Mexico reach NAFTA deal* Autos, basic resources lead gains* Sydbank sinks 11 pct(Updates prices, adds quotes, details)By Kit Rees and Helen ReidLONDON, Aug 28 (Reuters) - European shares hit a two-week high after the United States and Mexico reached a trade agreement, though they gave back gains during the day to end flat, while autos stocks enjoyed a...Read More
Investing.com - Gold prices were lower on Tuesday, despite a weaker dollar, as trade tensions between the U.S. and China lingered.Comex gold futures for December delivery fell 0.16% to $1,214.10 a troy ounce as of 10:33 AM ET (14:33 GMT).The U.S. and Mexico reached a trade deal on Monday that would replace the North American Free Trade Agreement (NAFTA). U.S. Treasury Secretary Steve Mnuchin said...Read More
(Bloomberg) -- The earliest indicators for China’s economy show that the pace of expansion slowed for a fourth month in August, highlighting the pressure for the government to push through pro-growth policies.The data suggest the economy weakened further as demand from trading partners lost steam, with the decline in stock prices reflecting worsening sentiment. That’s according to a Bl...Read More
Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftBlack Rock polishes MahengeSPONSOREDblack rock miningBut in recent years, profits from iron ore have come to dominate the earnings of the majors and to drive their share prices. It has also co...Read More
The miner took over the Mowana copper project in Botswana last year and has hit some roadblocks in its plan to ramp up production to 12,000 tonnes per annum, which it said would be an Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipBlack Rock polishes MahengeSPONSOREDblack rock miningPolarX points to upsideSPONSOREDpolarx ltdIf memory serves, which somewhat disturbingly it increasingly does not, I spoke many years ago in this column about the etymology of the word "negotiate". We all...Read More
Fatality at Serabi mine: NMBCapital marketsHudbay to take part of Doubleview's HatM&AArizona deal a sign of relaxed capital discipline?M&APolarX points to upsideSPONSOREDpolarx ltd The company said it based the decision on a construction capex estimate of US$197 million.It had closed an upsized equity raising of C$108.5 million last month to continue to advancing towards construction...Read More
Hudbay to take part of Doubleview's HatM&ASolGold set to shineSPONSOREDsolgoldThe previously completed preliminary economic assessment envisaged capital costs of US$275-426 million, depending on the throughput selected, a post-tax net present value of $445-649 million, us...Read More
Kootenai National Forest, an agency that manages 154 forests and 20 grasslands in the U.S., announced today that they have approved the first phase of Hecla Mining's silver and copper mine in northwestern Montana.The Rock Creek Mine would be built beneath the Cabinet Mountains Wilderness, an area of glaciated peaks and valleys that take their name from the area's box-like rock formations. Grizzly...Read More
SANTIAGO, Aug 28 (Reuters) - Canadian miner Teck Resources Ltd will begin work in November on a $4.8 billion phase 2 project at its Quebrada Blanca copper mine in northern Chile, Chile's mines minister said on Tuesday.The company received environmental approval for the plan earlier this month, which aims to extend the life of the aging deposit by 25 years and boost production to 300,000 tonnes of...Read More
BELGRADE, Aug 28 (Reuters) - China's Zijin Mining and Russian-owned U Gold have sent valid bids for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, mining and energy minister Aleksandar Antic said on Tuesday.In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.Under the...Read More
BEIJING, Aug 28 (Reuters) - Jiangxi Copper Co, one of China's biggest copper producers, said on Tuesday that its net profit rose 53.9 percent year-on-year in the first half of 2018 due to higher copper prices.The Nanchang-based company said its first-half net income came in at 1.28 billion yuan ($186.21 million), versus 830.2 million yuan a year earlier.In April, Jiangxi Copper reported first-quar...Read More
Jaguar Land Rover Classic has dropped a bombshell in the growing electric vehicles (EVs) sector by announcing the start of production for its 'E-Type Zero' car, said to be "the most beautiful" of its kind in the world.Designed by Italian racing driver Enzo Ferrari, the body and style of this electric car was inspired by the E-Type series of the 1960s.Customers who already own classic E-types wi...Read More
Copper prices have faltered in recent months, prompting prognosticators to revive one of the more tiresome tools of market divination. When copper prices decline, conventional wisdom has it, there's trouble brewing for the global economy, given the centrality of the metal to so many vital industries.Copper's predictive powers have prompted many pundits to dub copper the "only metal with a Ph.D. in...Read More
MUMBAI, Aug 27 (Reuters) - The stock-broking arm of India's Axis Bank AXBK.NS on Monday began offering commodity derivatives trading on the Multi Commodity Exchange MCEI.NS platform, making it the first subsidiary of a bank to offer the service.The Reserve Bank of India had allowed bank subsidiaries to provide commodity broking services in September last year, as the Securities and Exchange Boar...Read More