Apple Inc. (Nasdaq: AAPL) downloaded $45 billion, to borrow a phrase from the Financial Times, to its shareholders Monday, lifting both its own stock and the already buoyant broader market.
Cost overruns and a massive writedown have knocked Kinross Gold's stock so low that some bankers see it as Canada's biggest potential takeover play, though obstacles to a bid for the senior gold producer may be too big to surmount.
Gold edged up on Monday, aided in part by evidence of investor and central bank demand, after having posted its largest weekly fall last week in three months, although greater optimism in the markets over global growth could temper gains in the longer-run.
Gold steadied above two-month lows on Monday, following its largest weekly fall last week in three months, as evidence of investor and central bank demand in recent weeks helped offset the negative impact of a weaker euro.
Seven employees from a non-profit organization created by Newmont Mining's Peruvian subsidiary have been detained by townspeople near the company's stalled $4.8 billion Conga mine, the group said on Friday.
Consumers didn't get the escape velocity memo, the one that says economic and financial things are getting better and better. A Thomson Reuters/Univ. of Michigan survey released Friday found consumer sentiment down, especially on expectations for the next six months.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) said Thursday that it has resolved a labor dispute with PT Freeport Indonesia workers at its Grasberg mining and milling operations, but that the work stoppage will cost the company production and sales of a significant amount of copper and gold.
Whatever buzz came from the post-FOMC statement and catapulted stocks up on Tuesday turned into a hush Wednesday afternoon. Equities started strong but ended with a whimper.
Newmont Mining Corp. is reevaluating the cost of its delayed Conga gold and copper project in Peru, the company's senior vice president in South America said on Wednesday.
Stocks shot up Tuesday, propelled by a strong U.S. retail sales report, a German investor confidence survey and a statement by the Federal Open Market Committee noting improvement in household and business spending as well as job creation.
Winding along country roads exploring historic bourbon distilleries and listening to the sounds of the rolling hills, Kentucky's Bluegrass Country will overwhelm you with its gentle, honest charm.
Harmony Gold, South Africa's third-largest bullion miner, said on Tuesday it would consider a Hong Kong listing once its massive Wafi-Golpu project in Papua New Guinea is up and running in around 5 years time.
China's surprisingly big February trade deficit numbers Monday cut into commodity prices and other growth-sensitive securities.
Work at the Grasberg mine in eastern Indonesia run by Freeport-McMoRan Copper & Gold Inc resumed as expected on Monday for the first time since a suspension on Feb 23, according to the company and the union.
China lowering its growth target will have no direct impact on policy and also will not necessarily mean that it is less supportive to growth in the rest of the world, according to a report by Capital Economics.
China had a trade deficit of $31.48 billion in February, according to data revealed by the General Administration of Customs Saturday. This is another indication that global economic condition is continuing to affect the country's exports.
The copper price will fall to $5,000 per tonne over the next two years, well below current levels of around $8,400 and less than half the highs seen in early 2011 according to a report by Capital Economics.
U.S. employers extended their hiring spree last month and Greece finalized its $234 billion bond swap. Nevertheless, investors' risk appetite jumped, sending global equities higher, cutting bond prices and boosting commodities.
Edith Pearlman is among the winners.
Tokyo stocks jumped to a seven-month high Friday as Asian shares rose on signs Greece is a step nearer to averting a default, although momentum may be checked by caution ahead of U.S. data that is expected to confirm a labor market recovery.
A new Indonesian regulation that changes the rules on foreign ownership of mines applies to all foreign companies and is not aimed specifically at the largest of those, Freeport McMoRan Copper & Gold Inc (FCX.N), the deputy energy and mining minister said on Thursday.
Freeport Indonesia said on Wednesday it was confident the government would honour all existing contracts as it re-negotiates a royalty contract over its Grasberg mine, which is the world's biggest gold mine and second biggest copper mine.
