The resources sector is fundamental to Australia's economic prosperity according to Fortescue Metals Group CEO Elizabeth Gaines during a presentation at the International Mining and Resources Conference (IMARC) in Melbourne today."The sector generates exports of $226 billion a year, and that's more than half of Australia's estimated total exports."The Pilbara in Western Australia is home to three...Read More
"Read full newsRead More
MELBOURNE, Nov 1- Mongolia is looking to list up to 30% of the state-owned company that owns the massive Tavan Tolgoi coal mine on the New York and Hong Kong stock exchanges in 2019, the country's mining minister said on Thursday.Mining Minister Sumiyabazar Dolgorsuren said the government is aiming to carry out the initial public offering of Erdenes Tavan Tolgoi between April and June 2019. He was...Read More
"Accenture's Ann Burns is talking #cybersecurity, automation and tech in exploration in our latest Mining Agenda podcast Listen here: https://t.co/buVPL1lnEt"Read full newsRead More
Nov 1 - BHP will start an off-market buyback of $5.2 billion of its shares immediately, with the remainder of the proceeds from its U.S. onshore assets sale to be returned in the form of a special dividend, the global miner said on Thursday.The world's biggest miner had promised in July to return the $10.5 billion in sale proceeds to shareholders. It also announced the completion of the sale of it...Read More
BOSTON (Reuters) - TIG Advisors on Wednesday said it has bought a piece of Canadian mortgage investor Romspen Investment Corporation, marking the first time it has taken a stake in another hedge fund.Romspen, a Toronto-based credit manager, invests C$2.5 billion in assets, providing first mortgage bridge lending to commercial real estate projects in North America.“We invested with Romspen be...Read More
"Richard Savage, CEO of Crystal Lake Mining Corp (TSXV: $CLM ) will be joiningDr. Peter Lightfoot to discuss their Ontario Nicobat property and their recent Newmont Lake acquisition in the Golden Triangle! --Watch it live from 1pm-3pm: https://t.co/zMRsGmZKG4"Read full newsRead More
NEW YORK (Reuters) - U.S. stocks rebounded for a second day on Wednesday, as investors snapped up beaten-down technology and internet favorites and strong company results lifted spirits after equities had been spooked this month.Shares of Facebook Inc (FB.O) gained 4.6 percent after the social media giant said margins would stop shrinking after 2019 as costs from scandals ease. [nL2N1XA27I]The S&a...Read More
LONDON (Reuters) - Prime Minster Theresa May’s spokesman declined to say whether an EU exit deal was expected by Nov. 21, as indicated in a letter by her Brexit minister Dominic Raab earlier on Wednesday, but said government was working to get a deal as soon as possible.Asked about Raab’s letter, the spokesman said: “I can’t go beyond repeating, as I have done many times, t...Read More
The world's fastest-growing vertically integrated global cannabis company could net investors a huge return in the months to come.The worldwide trend toward marijuana legalization has triggered a wave of growth opportunities for investors around the globe.Beyond the explosive Canadian market - this diversified cannabis operator maintains production, processing, and distribution facilities worldwid...Read More
(Kitco News) - Gold’s tight negative correlation with the U.S. dollar will help prices go higher within the next 12 months, according to Wells Fargo, which forecasts weaker greenback to come.“We see higher gold prices ahead as we expect commodity prices in general to increase and the U.S. dollar to weaken. Our rolling 12-month target price for gold remains $1,250 - $1,350 per ounce,&rd...Read More
(Kitco News) - Gold’s tight negative correlation with the U.S. dollar will help prices go higher within the next 12 months, according to Wells Fargo, which forecasts weaker greenback to come.“We see higher gold prices ahead as we expect commodity prices in general to increase and the U.S. dollar to weaken. Our rolling 12-month target price for gold remains $1,250 - $1,350 per ounce,&rd...Read More
MOSCOW, Oct 31 - Production at Russia's Norilsk Nickel (Nornickel) Bystrinsky copper project near the Chinese border surged in the third quarter, the company said on Wednesday, indicating that it was making progress fixing a problem with equipment.Nornickel, controlled by Russian billionaire Vladimir Potanin and aluminium giant Rusal, launched the mine a year ago with an aim to export its producti...Read More
MOSCOW, Oct 31 - Production at Russia's Norilsk Nickel (Nornickel) Bystrinsky copper project near the Chinese border surged in the third quarter, the company said on Wednesday, indicating that it was making progress fixing a problem with equipment.Nornickel, controlled by Russian billionaire Vladimir Potanin and aluminium giant Rusal, launched the mine a year ago with an aim to export its producti...Read More
"CannAmericaRead full newsRead More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
LONDON/NEW YORK (Reuters) - Bitcoin, the world’s first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday.Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention, and vexed regulators worried about its crime misuse and weakness to hacking.The following are some major milestones in bitcoin’s first decad...Read More
LONDON/NEW YORK (Reuters) - Bitcoin, the world’s first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday.Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention, and vexed regulators worried about its crime misuse and weakness to hacking.The following are some major milestones in bitcoin’s first decad...Read More
LONDON (Reuters) - Bitcoin was heading toward a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying.By 1300 GMT, bitcoin BTC=BTSP was trading at $6,263 on the BitStamp exchange, leaving investors who had bought it on Halloween 2017 fa...Read More
The cybersecurity firm posted impressive third-quarter earningsThe shares of FireEye Inc (NASDAQ:FEYE) are up 10.8% to trade at $18.88 -- headed toward their best day since May 2017 -- after the cybersecurity company reported third-quarter adjusted earnings of 6 cents per share on $211.65 million in revenue, more than analysts were expecting. The impressive results came as FireEye shifted to a sub...Read More