Ontario-based White Metal Resources Corp. (TSXV: WHM) is growing its recently acquired Williams Gold property, located in central Newfoundland, where a gold rush seems to be taking place.In a media statement, the junior explorer announced that it has staked an additional 50 claim units totaling 1,250 hectares near the project and south of the former producing Beaver Brook Antimony mine.In detail,...Read More
* Palladium only $56 from parity with gold * GRAPHIC-2018 asset returns: (Updates prices)By Sumita Layek and Swati VermaBENGALURU, Nov 16 (Reuters) - Gold rose to a one-week highon Friday as the dollar softened, while palladium held near arecord high close to the price of bullion.The surge in palladium, used as an emissions-reducing autocatalyst for vehicles, reflected speculative buying driven by...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
(Updates with closing prices)By Peter HobsonLONDON, Nov 16 (Reuters) - Copper rose on Friday as signs ofsupply tightness supported prices, but worries about the outcomeof the U.S.-China trade dispute limited gains.Supply shortages also powered zinc towards its biggestweekly gain since September.Benchmark copper on the London Metal Exchange closedup 0.3 percent at $6,205 a tonne, 2.4 percent higher...Read More
German automaker Volkswagen said Friday it will spend tens of billions of dollars refocusing the company on the making of electric cars, autonomous vehicles and new mobility services.The Wolfsburg-based manufacturer, which plans to have some of the new offering in the market by 2023, said the 44-billion euro ($50 billion) investment in what CEO Herbert Diess describes as an "electric offensive,"...Read More
LONDON, Nov 16 (Reuters) - Senior Eurosceptic ministerMichael Gove said on Friday he had confidence in Prime MinisterTheresa May and was focussed on working for a good deal forBritain as it leaves the European Union.Two of his cabinet colleagues quit over May's Brexit plans,leading to speculation that Gove might follow them.Asked if he had confidence in May, Gove said "I absolutelydo."&q...Read More
LONDON, Nov 16 (Reuters) - Senior Eurosceptic ministersMichael Gove, Liam Fox, Chris Grayling, Penny Mordaunt andAndrea Leadsom have agreed to stay in British Prime MinisterTheresa May's government, the Sunday Times reported on Friday.Two senior ministers quit May's cabinet on Thursday over herdraft withdrawal agreement, throwing her premiership into chaos."Gove, Fox, Grayling, Mordaunt and L...Read More
Komatsu America Corp., a leading global heavy equipment manufacturer today announced the FrontRunner Autonomous Haulage System (AHS) has achieved the unprecedented milestone of more than two billion tons of surface material moved autonomously. The FrontRunner system has now hauled more than all other commercial mining autonomous haulage systems combined.Since its first commercial deployment in 200...Read More
Gold Fields Ltd. is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2.Small teams of essential workers are using secret entrances to enter the mine and sometimes have to be smuggled in during the night to pump water, monitor equipment and undertake general maintenance...Read More
Gold Fields Ltd. is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2.Small teams of essential workers are using secret entrances to enter the mine and sometimes have to be smuggled in during the night to pump water, monitor equipment and undertake general maintenance...Read More
The precious metal group does not get any break in the past 7 years. The move lower has been relentless and rally has been short lived. Silver in particular has corrected 70% from the 2011 high at $50 and still has not shown any sign of serious recovery. Our short term Elliott Wave view suggests that Silver is doing a 5 waves impulsive Elliott Wave move from April 19, 2018 high where Intermediate...Read More
Overnight news that regulators in Quebec are reviewing some Bombardier (BBD.B) insider-related transactions shines a spotlight on a big shortcoming in disclosure in Canada. There is an obscure measure in a 2006 OSC staff notice that allows insiders to delay reporting trades for a year or possibly more if they are made under an Automatic Securities Disposition Plan (ASDP) and receive a regular rep...Read More
NEW DELHI/SHANGHAI - India's Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns.The company is disposing of around 70,000 tonnes of copper concentrate that have been lying unused since the closure of the plant, the official told...Read More
NEW DELHI/SHANGHAI - India's Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns.The company is disposing of around 70,000 tonnes of copper concentrate that have been lying unused since the closure of the plant, the official told...Read More
* Three mines ordered shut for environmental violations * Philippines is world's No. 2 nickel ore exporterBy Manolo Serapio JrMANILA, Nov 16 (Reuters) - The Philippines' environmentministry said nine suspended mines will be allowed to resumeoperations if they rectify previous violations of environmentalregulations, a move that could boost nickel output in the majorsupplier of the metal.The nine mi...Read More
* India premiums at $3 versus discount last week* Premiums in China, Hong Kong edge higherMUMBAI/BENGALURU - Gold is trading at premium in India for the first time in more than two months on robust demand following a busy festival week, while a dip in global prices earlier this week helped bullion's appeal in some Asian hubs.Dealers in India, the world's second biggest gold consumer after China, w...Read More
The Philippines will allow nine mines currently halted to resume operations if they correct previous violations of environmental rules, a government official said Friday, in a move that could increase global nickel supply.The mines, six of which are nickel operations, were permanently shut in early 2017 as part of an environmental crackdown on the sector. Environment and Natural Resources Secreta...Read More