LafargeHolcim is selling its Indonesian business to Semen Indonesia as it reviews its portfolio to improve its financial strength, the world's largest cement maker said in a statement on Monday.LafargeHolcim signed an agreement with state-owned Semen Indonesia to divest its 80.6 percent in Holcim Indonesia for an enterprise value of $1.75 billion on a 100 percent basis, the company said.The assets...Read More
(Kitco News)- While allcommodities are suffering under the boot heel of a surging U.S. dollar, onejunior explorer CEO sees the potential for gold and silver to shine as thecurrent environment is unsustainable.Thomas Smeenk, CEO of Broadway Gold MiningMonday, theU.S. dollar rose to its highest level in 16 months, while gold fell to aone-month low and is in striking distance of testing psychological...Read More
(Reuters) - The Nasdaq Composite index fell about 2.5 percent on Monday, hit by a slump in Apple Inc (AAPL.O) shares after two suppliers cut their forecasts, sparking a selloff in other iPhone component makers and weighing on technology stocks in general.Apple shares (AAPL.O) fell 4.7 percent to $209.67, their lowest since July 27, after Lumentum Holdings Inc (LITE.O), the main supplier for Face I...Read More
(Reuters) - San Francisco's city attorney on Monday questioned the recent appointment of a new acting Attorney General, saying in a letter to the U.S. Department of Justice that his office may take court action if DOJ does not provide a legal justification.President Donald Trump last week named Matthew Whitaker to replace former Attorney General Jeff Sessions, who was forced out after months of at...Read More
(Kitco News) - While all commodities are suffering under the boot heel of a surging U.S. dollar, one junior explorer CEO sees the potential for gold and silver to shine as the current environment is unsustainable. Thomas Smeenk, CEO of Broadway Gold Mining Monday, the U.S. dollar rose to its highest level in 16 months, while gold fell to a one-month low and is in striking distance of testing p...Read More
Golden Reign Resources (TSXV: GRR; US-OTC: GRGNF) and Marlin Gold Mining (TSXV: MLN; US-OTC: MLNZF) have merged to form Mako Mining, which will begin trading on the TSX Venture Exchange under the symbol 'MKO' on November 14, 2018. Mako will focus on Golden Reign's San Albino gold deposit in northern Nicaragua and Marlin's producing La Trinidad gold mine in Sinaloa, MexicoUnder the terms of t...Read More
Golden Reign Resources (TSXV: GRR; US-OTC: GRGNF) and Marlin Gold Mining (TSXV: MLN; US-OTC: MLNZF) have merged to form Mako Mining, which will begin trading on the TSX Venture Exchange under the symbol 'MKO' on November 14, 2018. Mako will focus on Golden Reign's San Albino gold deposit in northern Nicaragua and Marlin's producing La Trinidad gold mine in Sinaloa, MexicoUnder the terms of t...Read More
Golden Reign Resources (TSXV: GRR; US-OTC: GRGNF) and Marlin Gold Mining (TSXV: MLN; US-OTC: MLNZF) have merged to form Mako Mining, which will begin trading on the TSX Venture Exchange under the symbol 'MKO' on November 14, 2018. Mako will focus on Golden Reign's San Albino gold deposit in northern Nicaragua and Marlin's producing La Trinidad gold mine in Sinaloa, MexicoUnder the terms of t...Read More
...the eurozone is not prepared to contain a new financial crisis.Read full newsRead More
Euro Sun Mining (TSX: ESM) has become the first non-state-owned entity to receive a ratified mining licensce for its Rovina Valley copper-gold project in Romania, signaling that the East European nation is open for business, the company says.The mining company will now embark on an Environmental and Social Impact Assessment (ESIA), and continue its work on a feasibility study on the project, whic...Read More
Euro Sun Mining (TSX: ESM) has become the first non-state-owned entity to receive a ratified mining licensce for its Rovina Valley copper-gold project in Romania, signaling that the East European nation is open for business, the company says.The mining company will now embark on an Environmental and Social Impact Assessment (ESIA), and continue its work on a feasibility study on the project, whic...Read More
Euro Sun Mining (TSX: ESM) has become the first non-state-owned entity to receive a ratified mining licensce for its Rovina Valley copper-gold project in Romania, signaling that the East European nation is open for business, the company says.The mining company will now embark on an Environmental and Social Impact Assessment (ESIA), and continue its work on a feasibility study on the project, whic...Read More
Euro Sun Mining (TSX: ESM) has become the first non-state-owned entity to receive a ratified mining licensce for its Rovina Valley copper-gold project in Romania, signaling that the East European nation is open for business, the company says.The mining company will now embark on an Environmental and Social Impact Assessment (ESIA), and continue its work on a feasibility study on the project, whic...Read More
PALERMO, Italy (Reuters) - Italy said on Monday it was confident the strongman who rules eastern Libya, Khalifa Haftar, would attend a peace summit, as Italian officials prepared to open the conference with no public sign yet whether Haftar would arrive.Libya’s prime minister, who is based in the west, arrived for the conference, but Haftar, the most powerful man in the east, kept the hosts...Read More
SWCH has struggled since its IPO last OctoberShares of Switch Inc (NYSE:SWCH) are slightly lower in afternoon trading, down 0.9% at $9.21, at last glance, as traders gear up for the company's third-quarter earnings. The security's fifth-ever report is slated to surface after the market closes tomorrow, Nov. 13. Below, we will dive into what the options market is expecting for the stock's post-ear...Read More
(Kitco News) - Gold andsilver prices are moderately down and have hit four-week and eight-week lows,respectively, in early-afternoon U.S. trading Monday. The precious metals arepressured by a very strong U.S. dollar on the foreign exchange market. The U.S. dollar index hit a 16-month high today. December gold futures were last down $5.30an ounce at $1,203.30. December Comex silver was last down $...Read More
(Kitco News) - Gold and silver prices are moderately down and have hit four-week and eight-week lows, respectively, in early-afternoon U.S. trading Monday. The precious metals are pressured by a very strong U.S. dollar on the foreign exchange market. The U.S. dollar index hit a 16-month high today. December gold futures were last down $5.30 an ounce at $1,203.30. December Comex silver was last do...Read More
NEW YORK (Reuters) - A long-reliable warning signal for stock investors that the tide is about to turn against them briefly flashed caution amid last month’s sell-off but does not appear to be calling an end to the bull market just yet.Like stocks, junk bonds - the high-yielding debt issued by the riskiest corporate borrowers - had a rough October, but nothing close to the magnitude of blood...Read More
LONDON (Reuters) - The Bank of France has partnered with U.S. banking group JPMorgan (JPM.N) to expand its range of gold bullion services for central banks, sources familiar with the matter said on Monday.The French central bank’s second deputy governor Sylvie Goulard wrote in the Alchemist, the magazine of the London Bullion Market Association (LBMA), that it had partnered with “a lar...Read More
Sherritt International, (TSE: S) has released its 2018 Q3 report, and the numbers are up, thanks to the success of the company's Moa joint venture (JV) with the Cuban Government.Sherritt specializes in mining and refining of nickel and cobalt from lateritic ores, and the company also has projects and operations in Canada and Madagascar. The average-reference price for nickel improved 26% from la...Read More