Commodity Exchange

Mining News Pro - The incoming chief executive of Chile’s state copper miner Codelco said he was “optimistic” about the long-term market price of copper despite the global volatility caused by the U.S.-China trade war.

Mining News Pro - Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving problems around its African unit, whose buyout the company expects to complete next month.

Mining News Pro - Continental Gold Inc. (TSX:CNL) today released a series of photos showing construction advancements at its flagship Buriticá project in northwestern Antioquia, Colombia. The project remains on schedule for construction completion and first gold pour in H1 2020, says the company.

Mining News Pro - For the past year, copper traded like a seesaw on the on-again, off-again hopes of a U.S. and China trade deal. Now it’s more like a rollercoaster ride down.

Mining News Pro - Spot gold fell as traders viewed comments from Federal Reserve Chairman Jerome Powell as signaling the central bank likely won’t be aggressive in lowering U.S. interest rates further.

Mining News Pro - Cuda Oil and Gas Inc. (TSXV: CUDA) announced today it has entered into a series of binding agreements to sell all of its oil and gas assets located in Quebec for a total of C$10.59 million, with C$4.29 million being paid in cash, to arm’s-length purchasers.

Mining News Pro - Canadian gold miner Agnico Eagle Mines Ltd reported a better-than-expected adjusted profit for a fourth straight quarter on Wednesday, largely due to higher realized gold prices.

Mining News Pro - After hitting six-year highs overnight, gold fell back in busy Friday morning dealings as investors indulged in profit-taking ahead of the weekend.

Mining News Pro - One of the prevailing China narratives in commodity markets is that the trade dispute with the United States is weakening demand in the world’s biggest importer of natural resources. The problem is the numbers tell a somewhat different story.

Mining News Pro - First, iron ore hit $100 a ton, then it raced straight to $110, and now spot prices are well north of $120: the commodity’s rally has been so strong it’s triggering warnings that the gains have taken the market beyond fundamental drivers and prices are likely set for a pullback. Futures tanked.

Mining News Pro - Glencore plans to reduce the number of subsidiaries based in so-called tax havens as the commodities giant seeks to improve transparency.

Mining News Pro - Global events have pushed the gold price in the United States and Australian dollar to record levels as the precious metal strengthens its position as a safe haven for investors.

Mining News Pro - Saudi Arabia`s Energy Minister Khalid al-Falih said on Saturday that Opec will be responsive to the oil market`s needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.

Mining News Pro - Gold extended its losses on Friday, following its biggest one-day per centage loss in a month in the previous session on a firmer dollar and as a strong US data, corporate results boosted investor appetite for riskier assets.

Mining News Pro - Glencore has been informed by the US Commodity Futures Trading Commission (CFTC) that the company is under investigation for possible corrupt practices violating certain provisions of the Commodity Exchange Act and/or CFTC regulations.

Mining News Pro - The production volume of Esfahan Steel Company (ESC) has been increased by 23 percent last year. Meanwhile, due to the growth of selling rate, the company’s income has been increased in comparison with two years ago, but sales has been declined by 39 percent.

Mining News Pro - Gold likely to hold $1,310-$1,320 range this week-analyst.

Mining News Pro - Vancouver-based juniors Defiance Silver Corp. (TSXV: DEF) and ValOro Resources Inc. (TSXV: VRO) stocks soared today, following yesterday’s friendly merger announcement.

Mining News Pro - Globally, there were 1,349 announced mining deals valued at $86.3 billion through December 18 this year, up 60% from the 2017 total, according to data compiled by Bloomberg.

Mining News Pro - Zambia is pricing itself out of the global mining market with proposed tax increases, the head of the local mining body said on Thursday, a further warning to investors rattled by the government`s efforts to squeeze more money from the sector.

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