(Adds comments, detail)MELBOURNE, Oct 30 (Reuters) - The world's biggest miner BHPBillitonhas trimmed its expectations of globalgrowth for next year and 2020 due to a "lose-lose" result fromthe U.S.-China trade conflict, a senior executive said onTuesday.BHP's modelling suggested the trade row would cut bothChinese and U.S. GDP growth by about a half to three quarters ofa percentage poin...Read More
(Kitco News) - Despite this October yielding one of the worst stock market performances since 1987, Janet Yellen, former Chair of the Federal Reserve, remained optimistic in her economic outlook. "At least in regards to the United States, I really think conditions are excellently excellent," she said during a live interview held at the 2018 Canada FinTech Forum in Montreal on Monday, "we haven't h...Read More
(Kitco News) - Despite this October yielding one of the worst stock market performances since 1987, Janet Yellen, former Chair of the Federal Reserve, remained optimistic in her economic outlook. "At least in regards to the United States, I really think conditions are excellently excellent," she said during a live interview held at the 2018 Canada FinTech Forum in Montreal on Monday, "we haven't h...Read More
Scania Australia revealed the new XT mining and construction range next-generation trucks at Melbourne's International Mining and Resources Conference (IMARC) today, giving the industry the first opportunity to examine the extra-tough truck in the metal.The all-new extra-tough Scania XT delivers a highly robust range of solutions for a wide variety of applications and can be configured precisely t...Read More
To be considered an ethical, investors must weigh up the development impact, sustainability and profitability in equal portion according to Namrata Thapar."In my view profitability and strong environmental, social and governance practices go hand in hand," said IFC's Global Head of Mining during a presentation at the International Mining and Resources Conference (IMARC) in Melbourne today.The IFC...Read More
Miners must prepare their workforce today, to meet the demands of tomorrow's digital age, or risk future growth and innovation.Gaston Carrion, talent and organisation lead for Accenture's resources practice in Australia and New Zealand, told IMARC 2018 delegates that as the use of autonomous vehicles and other advanced technologies increases, the profile of the future mining workforce could change...Read More
While average realised prices have been strong for the most recent fiscal year, BHP's Chief Commercial Officer, Arnoud Balhuizen has warned to not get too caught up with the numbers alone."Prices have generally benefited disciplined owner-operators with high quality assets, particularly those producing bulk commodities such as iron ore and coal."We cannot get too caught up by prices through, we mu...Read More
Software solutions are inspiring strategic partnerships between the mining industry and education providers as they collaborate to support skills growth across Victoria's METS sector.The tech-led transformation of the global mining industry is unlocking vast potential across the resources sector but, in many instances, the new landscape requires people with new skills.Upskilling people to work in...Read More
"North American traders and investors seeking to maximize access to international precious metals markets may want to look at the Dubai Gold and Commodities Exchange. https://t.co/XyALFRq0zm #Investing #Resource #Gold"Read full newsRead More
Pelangio Exploration Inc. (TSXV:PX) (OTC PINK:PGXPF) (Read full newsRead More
CloseGain/LossGold $1229.10-$4.90Silver$14.45-$0.25XAU64.70-0.71%HUI144.02-0.43%GDM529.83-0.10%JSE Gold1166.01-47.57USD96.61+0.26Euro113.85-0.35Yen89.06-0.36Oil$67.04-$0.5510-Year3.088%+0.009T-Bond139.28125-0.15625Dow24442.92-0.99%Nasdaq7050.29-1.63%S&P2641.25-0.66% The Metals: Gold dropped $6.30 to $1227.70 in London and spiked down to $1224.50 in early afternoon New York trade, but it th...Read More
Gold will remain strong as long as global equity markets are weak.Gold's relative strength vs. stocks, bonds and currencies is growing.Without additional dollar weakness, though, gold's upside is limited. Without the intense fear generated by the global stock market rout, gold would surely be without any meaningful support. To that end, gold bulls can be thankful that gold's safety bid has...Read More
"Velocity Files PEA Technical Report on SEDAR for the Rozino Gold Project, Tintyava Property, Bulgaria @velocitymineral https://t.co/ILTOsrb1xt"Read full newsRead More
"Did you know that Canada Cobalt Works created a premium grade end product (cobalt sulphate) without a smelting process? Check them out now. #CCW $CCW @CanadaCobalt #Cobalt #Mining #CCW.V #TSXV #SmallCaps #batterymetalsRead more here: https://t.co/1aGISH81te"Read full newsRead More
Correction in gold prices continues amid higher US yields and modest dollar gains. Gold suffers the worst slide in three weeks. The yellow metal corrected to the downside after reaching last week the strongest level since mid-July at $1,243/oz. Price bottomed during the American session at $1,224 amid a stronger US dollar and also higher US yields. The US dollar index rose mode...Read More
The U.S. is preparing new tariffs against all remaining Chinese imports if talks between Presidents Donald Trump and Xi Jinping fail, according to Bloomberg.The new round of taxes against goods from China could occur as early as December and target the rest of the imports from China, about $257 billion worth, per the report.The Dow Jones Industrial Average fell more than 100 points following the t...Read More
It was another wild roller coaster ride today with U.S. equities going through tremendous price swings and closing dramatically lower on the day. Officially, today’s closing price in the Dow puts that index into corrective territory. The Dow Jones Industrial Average traded to a high with gains of 352 points. It also traded to a low, which resulted in a 566-point drop only to recover slightly...Read More
It wasanother wild roller coaster ride today with U.S. equities going throughtremendous price swings and closing dramatically lower on the day. Officially,today’s closing price in the Dow puts that index into corrective territory.TheDow Jones Industrial Average traded to a high with gains of 352 points. It alsotraded to a low, which resulted in a566-point drop only to recover slightly off th...Read More
Familiar trade-war concerns killed an early rally for stocksIt was a volatile, ugly session on Wall Street today, with the Dow up more than 352 points at its session highs before pivotingsharply lower late in the day. Driving the sudden U-turn was a Bloomberg report that the U.S. was planning on imposing tariffs on all remaining Chinese imports -- about $257 billion worth of goods -- should upcomi...Read More
The British bank initiated coverage on Goldcorp, Kinross Gold, Newmont Mining and Yamana GoldRead full newsRead More