An anonymous director reports NORTH AMERICAN PALLADIUM ANNOUNCES NEW COLLECTIVE AGREEMENT RATIFIED WITH UNITED STEELWORKERS WORKERS LOCAL 9422A new three-year collective agreement with North American Palladium Ltd. has been ratified by the members of United Steelworkers Local 9422. The USW represents the production and maintenance workers at the Lac des Iles mine site. The new collective agreement...Read More
Saudi Arabia's King Salman on Thursday inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's gross domestic product by 24 billion riyals ($6.4 billion) and its non-oil GDP by around 3 percent.The kingdom will invest 85 billion riyals in the project, a 440-square-km (150-square-mile) city for mining industries in the northern region, the Ministry of Energy, Indust...Read More
Saudi Arabia's King Salman on Thursday inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's gross domestic product by 24 billion riyals ($6.4 billion) and its non-oil GDP by around 3 percent.The kingdom will invest 85 billion riyals in the project, a 440-square-km (150-square-mile) city for mining industries in the northern region, the Ministry of Energy, Indust...Read More
Saudi Arabia's King Salman on Thursday inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's gross domestic product by 24 billion riyals ($6.4 billion) and its non-oil GDP by around 3 percent.The kingdom will invest 85 billion riyals in the project, a 440-square-km (150-square-mile) city for mining industries in the northern region, the Ministry of Energy, Indust...Read More
Saudi Arabia's King Salman on Thursday inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's gross domestic product by 24 billion riyals ($6.4 billion) and its non-oil GDP by around 3 percent.The kingdom will invest 85 billion riyals in the project, a 440-square-km (150-square-mile) city for mining industries in the northern region, the Ministry of Energy, Indust...Read More
MEXICO CITY (Reuters) - Mexican consumer price inflation cooled slightly more than expected during the first half of November, data from the national statistics agency showed on Thursday.Annual inflation in Latin America's second-biggest economy eased to 4.56 percent in the first two weeks of November from 4.87 percent in the second half of October, the data showed.A Reuters poll of economists had...Read More
OTTAWA, Nov 22 (Reuters) - Vulnerabilities in the Canadian housing market are still high despite rising interest rates and tighter mortgage rules, Bank of Canada senior deputy governor Carolyn Wilkins said on Thursday.Wilkins told a housing conference in Ottawa that the vulnerabilities would not disappear quickly given they had been building for a long while. The central bank is watching closely t...Read More
(Kitco News) - Gold managed to hold on to most of its previous gains, with markets largely ignoring the European Central Bank’s (ECB) meeting minutes and instead focusing on Italy’s decision to resist EU’s budget pressure.The December Comex gold futures were last trading at $1,228.30 an ounce, up 0.02% on the day, keeping firmly above the $1,220 level.With the U.S. financial mark...Read More
(Kitco News) - Gold managed to hold on to most of its previous gains, with markets largely ignoring the European Central Bank’s (ECB) meeting minutes and instead focusing on Italy’s decision to resist EU’s budget pressure.The December Comex gold futures were last trading at $1,228.30 an ounce, up 0.02% on the day, keeping firmly above the $1,220 level.With the U.S. financial mark...Read More
Chilean miner SQM said on Thursday that delays in a project to boost output of lithium from salt flat Salar de Atacama slashed sales volumes of the ultralight battery metal by 27 percent in the third quarter.SQM , the world's No. 2 producer of lithium, said the previously announced delays were partly offset by high prices and 25 percent growth in demand in 2018 on sales to producers of electric ve...Read More
Xinfa Group, one of China's top aluminium smelters, will not have to cut metal production in its home city of Liaocheng this winter and will only have to reduce alumina output by 10 percent for two months, according to city government documents.The measures are much more lenient than during the 2017/18 winter, when China imposed a 30 percent output curb on aluminium and alumina production in 28 no...Read More
PALM BEACH, Florida (Reuters) - U.S. President Donald Trump hinted on Thursday he may visit Afghanistan, scene of one of America’s longest wars but a country he has yet to visit almost two years into his presidency.Delivering a Thanksgiving Day holiday message by teleconference to troops in Afghanistan, Trump told a U.S. Air Force general he would see him back in the United States, before ad...Read More
TURAIF, Saudi Arabia (Reuters) - Saudi Arabian Energy Minister Khalid al-Falih said on Thursday that he sees weak oil demand in January and said the kingdom would respond accordingly to cool the global market’s anxiety.The world’s top oil exporter’s crude output in November is above October levels, he said, adding that it was in no one’s interest to create a supply glut.&ld...Read More
ROME (Reuters) - Economy Minister Giovanni Tria said on Thursday there was no need for “extraordinary” measures to defend the savings of Italians and said bank deposits had risen in both September and October.Speaking in parliament the day after the European Commission took the first step towards disciplining Italy over its big-spending 2019 budget, Tria also said that he was seeking d...Read More
Can gold continue to rally? Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullion and Contrac...Read More
ROME (Reuters) - The plan to spin off the fixed-line network of former telecoms monopolist Telecom Italia would put at risk 20,000 jobs, a trade union source said on Thursday.Italy’s government is studying a spin-off of network assets from Telecom Italia (TIM). Il Messaggero daily said on Thursday 30,000 TIM staff would be transferred to the new fixed-line company together with assets - both...Read More
Indonesia's environment ministry aims to resolve within two weeks environmental issues that have been holding up the state's plans to acquire a majority stake in Freeport McMoRan Inc's Grasberg copper mine.That deal, where Indonesia and state-owned miner PT Inalum will control a 51.23 percent stake in PT Freeport Indonesia, is expected to end years of wrangling over ownership rights to Grasberg, t...Read More
BIRMINGHAM, England (Reuters) - A race by aerospace giants Rolls-Royce (RR.L) and Airbus (AIR.PA) to stockpile parts before Brexit is pushing some small suppliers to breaking point.With just over four months until it leaves, and political bickering continuing, Britain is yet to sign off on its divorce terms with the European Union, forcing companies to prepare for a disorderly exit from the world&...Read More
ALMATY, Nov 22 (Reuters) - Canada's Centerra Gold has promised Kygyzstan's government that it will produce at least 15.5 tonnes of gold at the giant Kumtor mine this year, the Kyrgyz prime minister's press service said on Thursday.Last year the firm produced 17.5 tonnes, it said. (Reporting by Mariya Gordeyeva; writing by Tom Balmforth; editing by Jason Neely) Disclaimer: The views expressed in t...Read More
ANKARA (Reuters) - The European Union said Turkey needs to “take decisive action to reverse the current trend in the rule of law and fundamental rights,” according to a joint statement following meetings between the two sides on Thursday.Earlier on Thursday, top EU officials rebuked Turkey over its arrests of journalists and academics and the long pre-trial detention of a Kurdish polit...Read More