|Day's Range||3.076 - 3.126|
Investing.com - Gold prices fell on Friday to settle at their lowest level in two weeks as the dollar remained supported by expectations for a rate hike at the upcoming Federal Reserve meeting this week.
March 16 (Reuters) - Guangdong Silver Age Sci & Tech Co Ltd : * SAYS ITS CONGO UNIT SIGNS CONTRACT TO ACQUIRE MINING RIGHTS FROM DEMOCRATIC REPUBLIC OF THE CONGO'S PYRAMIDE COPPER Source text in Chinese: ...
In an ornate room in Democratic Republic of Congo's presidential palace last week, some of global mining's most powerful men faced off against government officials over proposed changes to the country's mining code. Facing the officials, including President Joseph Kabila, the executives at times threatened to pursue arbitration or close mines if the government went ahead with changes including royalty increases, according to one of the president's top advisers, Barnabe Kikaya bin Karubi, who attended the meeting. Congolese officials close to the process say that, in being so publicly combative, the miners overplayed their hand, and in so doing hardened the government's resolve.
From ethnic clothing to copper cocktail glasses, Made-in-India products are all the rage among global online shoppers. In 2017, Amazon registered a 500% increase in international orders for Indian products over 2015 when its Global Selling Program was first launched in India, the company said in a report. The scheme lets the country’s vendors enlist…
By Susan Taylor and Nicole Mordant TORONTO/VANCOUVER (Reuters) - First Cobalt Corp on Wednesday announced a friendly takeover of US Cobalt Inc as the Canadian mine developer accelerates its push to first production of the battery metal on forecasts for a boom in electric vehicles. Under the all-share deal valued at approximately C$149.9 million ($115.74 million), First Cobalt will add US Cobalt's exploration properties in Idaho and Utah to its 50 mining properties in Cobalt, Ontario, alongside a mill and permitted cobalt refinery.
In the long term, commodities generally follow the underlying demand-supply dynamics, but according to some observers, copper prices also tend to reflect macro developments. Copper has been dubbed “doctor copper” because many observers see copper prices as a reflection of the global economy. Copper (BHP) (VALE) is also sensitive to geopolitical factors, and some traders use copper as a proxy to bet against the global economy.
Since China, the world’s largest copper consumer, isn’t self-sufficient regarding copper assets, it needs to import copper. Copper mining is situated in Latin America. Chile is the largest mined copper producer.
President Trump has imposed a tariff of 10% on all aluminum imports. President Trump has left the door open for more exemptions. US aluminum producers have had a mixed response to President Trump’s tariffs.
Investing.com - Gold prices held steady on Tuesday, as demand for the U.S. dollar remained mildly supported following last week's upbeat employment data and as traders awaited the release of highly-anticipated U.S. inflation data due later in the day.
China's Zijin Mining Group Co. Ltd. has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade. President Aleksandar Vucic on Monday met representatives of the Chinese firm, who expressed an intention to invest several hundred million dollars in the business, his office said in a statement. Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex, which suffered a long period of neglect during the Balkan Wars of the 1990s and the country's subsequent international isolation.
(Reuters) - Canada's main stock index closed slightly higher on Monday as gold producers overcame earlier declines and helped offset energy shares that were dragged lower by the price of oil. * The Toronto Stock Exchange's S&P/TSX composite index ended up 26.98 points, or 0.17 percent, at 15,604.79. * The healthcare sector also helped support the market, rising 2.3 percent. Cannabis producer Canopy Growth was among the most actively traded shares, jumping 5.0 percent to C$32.49. * Barrick Gold was among the biggest gains on the index, up 3.0 percent at C$15. ...
Chile's state-run mining company Codelco, the world's largest copper miner, signed a deal with Ecuador on Saturday for joint development of the Llurimagua copper project near Quito. The project could become the first mine Codelco operates abroad following years of efforts to expand internationally as much of the best-quality ore in Chile has already been mined. "The project will wrap up advanced exploration this year and then feasibility studies will begin," Ecuador's Mines Minister Rebeca Illescas said at Ecuador's embassy in Santiago, where the agreement was signed.
Chile's development agency Corfo said on Friday that companies from China and South Korea, as well as Chile, had been approved to make investments of around $754 million in the red-hot lithium industry. The companies selected in a bidding process to develop technology focused on the lithium market were Chile's Molymet and China's Sichuan Fulin Industrial Group, a joint venture between Samsung SDI Co Ltd and South Korea's POSCO .
By Rodrigo Campos NEW YORK (Reuters) - Stock markets across the globe rose the most in two weeks on Friday after U.S. job growth posted a sharp, unexpected increase, while a planned meeting between U.S. ...
Democratic Republic of Congo President Joseph Kabila signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement. International mining companies ...
MELBOURNE/LONDON, March 9 (Reuters) - At least three bidders are expected to submit final offers for global miner Rio Tinto's Hail Creek and Kestrel coal mines in Australia, which could fetch up to $2.5 billion, people familiar with the process said. Hail Creek and Kestrel are Rio Tinto's last two coal mines, following the $2.7 billion sale of its Hunter Valley coal operations in Australia to Yancoal last year.
Canada's main stock index closed higher on Thursday, with all sectors but one in positive territory, after U.S. President Donald Trump exempted Canada and Mexico from import tariffs on steel and aluminum. ...
Investing.com – Gold prices languished at session lows amid dollar strength as the prospect of a global trade war failed to garner safe-haven demand despite the White House confirming President Trump was set to sign tariffs on steel and aluminium imports Thursday afternoon.
Although Donald Trump appears to relish the possibility of a global trade war, the rest of the world isn’t so keen. Following Trump’s recent suggestion that the US will impose tariffs on imported steel aluminum, both the European Union and Canada have announced, reluctantly but forcefully, that they will retaliate by slapping tariffs on certain…
Chile's state-owned mining company Codelco, the largest copper producer in the world, received environmental approval this week to build a $1 billion desalination plant to supply water to its operations in the country's northern region. The go-ahead from the Antofagasta region's environmental regulator will allow the company to expand its Radomiro Tomic mine and advance with an ambitious investment plan in its water-intensive mining operations in one of the driest deserts in the world. The plant would be the second-largest desalination plant in the South American country, behind the one supplying BHP's Escondida copper mine, the largest in the world.