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By: Reuters Updated 7 minutes ago Australian shares rose to a fresh seven-year high on Monday as a Chinese rate cut pushed up resources stocks while growing expectations of a domestic rate cut prompted investors to buy banks. On Saturday, China's central bank cut rates just as official data showed a second straight month of... →
By: Mariaan Webb Updated 16 minutes ago ASX-listed Sirius Resources has signed a three-year deal with BHP Billiton to sell about half of its planned nickel sulphide concentrate production from the Nova mine, in Western Australia, to the major’s Nickel West operation. The mine, which is currently under development, will produce about 26... →
By: Reuters Updated 54 minutes ago Gold premiums in top consumer India could jump to as much as $5 an ounce over world prices next week, from being almost at par, after Finance Minister Arun Jaitley surprised jewellers by maintaining import duty at a record level in Saturday's budget. The wedding season that extends to May... →
By: Simon Rees Updated 3 hours ago The junior mining sector still faces immense difficulties and high levels of attrition, but there is light at the end of the tunnel for those with experienced management teams and promising projects or operations, Quintana Resources Capital president Lawrence Roulston told an audience at the... →
By: Henry Lazenby Updated 3 hours ago The strength of the US dollar had been undermining prices for silver, platinum and palladium in recent months, but despite new industrial applications and speculative investment interest, the three precious metals had different market circumstances and divergent outlooks. London-based Thompson... →
By: Henry Lazenby Updated 5 hours ago Several federal departments of the Canadian government, as well as the Ontario provincial government on Sunday unveiled new measures and investments to increase support and drive growth in the country's besieged mining industry. In a speech to the Prospectors & Developers Association of Canada,... →
By: Henry Lazenby The potential for broad-based development driven by mineral resources as well as upstream oil and gas remained largely untapped in African countries, but the quest for solutions to make mineral and petroleum resources an engine for growth and development had been a central preoccupation of... →
By: Henry Lazenby The world’s largest streaming firm Silver Wheaton has amended and restated its revolving credit facility on Friday, increasing the available credit from $1-billion to $2-billion and extending the term by two-years to February 27, 2020. Silver Wheaton said it used proceeds drawn from this amended... →