South African stocks up for second straight session

South African stocks rose for the second straight session on Friday, buoyed by upbeat consumer sentiment data out of the United States and a strong sales report from financial group Old Mutual. But Johannesburg-listed shares of Lonmin fell after...

Gold to lose more glitter in 2012, says Natixis

With many metals having erased their 2012 gains this month, French bank Natixis failed to paint a much rosier outlook for the rest of the year in its latest quarterly review, calling for gold to average $1 540/oz. Copper, often used to gauge the...

South African govt safeguarding Implats as Zimbabwe indigenisation bites

South African major Implats has struck a deal with Zimbabwe that assures the JSE-listed company of fair cash compensation, the prospect of continued unfettered expansion and the potential freedom of the once-empowered, always-empowered advantage,...

New fronts open in aluminium storage battle

New fronts are opening up in Europe and Asia in the battle between banks and trading houses to expand their storage hubs for aluminium, a metal meant for use in manufacturing but increasingly viewed as a store of value. Until recently, the battle...

Wall St commodity talent wars: Return of the merchants

When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of poaching the best and brightest from specialized commodity firms, is losing the war to keep the essential traders who know how to arbitrage...

Jaguar review going 'smoothly', says chairperson

The strategic review Jaguar Mining, which produces gold in Brazil, is carrying out that may end in the company being sold is “going along very smoothly”, chairperson Gary German said on Monday. “We’re not disappointed with the way it has...

Straits looks to raise A$50m

Copper and gold developer Straits Resources was looking to raise up to A$50-million through a share placement and share purchase plan to repay its loan facility, terminate offtake agreements, and fund its feasibility and exploration work on its...

Govt stops lacerate platinum, supply ebb may boost price, palladium deficit forecast

Government-enforced safety stoppages at South African platinum mines is lacerating production; the platinum supply ebb is seen as positive for platinum prices; and palladium may be in short supply.

NovaGold taps markets for additional $80m after investor eagerness

NovaGold got an apparent big vote of confidence on Thursday, boosting its bought deal offering unveiled the previous day by about one-third to $332.5-million, owing to strong demand from investors. On Wednesday, the TSX- and NYSE-listed firm said...

Hillgrove receives first revenue from Kanmantoo

ASX-listed Hillgrove Resources has received its first revenue from the Kanmantoo copper mine, in South Australia, after selling copper concentrate to JP Morgan Metals and Concentrates LLC under a long-term offtake agreement. The miner received...

Company Announcement: Australian American Mining Corporation Limited Joins OTCQX

NEW YORK – January 12, 2012 – OTC Markets Group Inc. (OTCQX: OTCM the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that...

'Several parties' kicking the tyres at Jaguar, company says

Jaguar Mining, which produces gold in Brazil, said on Wednesday it has signed confidentiality agreements with “several parties”, after reports emerged in November that a Chinese company was planning a bid for the Toronto- and New York-listed...