Mining stocks pull up FTSE 100 June 11, 2019 Mining giants helped push up the FTSE 100 this morning as China announced increased local government spending. The miners were also boosted by Chinese iron prices which jumped by nearly six per cent in today’s trade. Evraz, Antofagasta, Rio Tinto, Gencore and BHP rose between two and four per cent each. They were all among [...]
Welcome aboard the Amore Mio, a 7,620 horsepower luxury sports yacht with more toys than Hamleys June 10, 2019 Luxury journalism: It won’t make me a billionaire, but I do get to act like one on occasion. The 45-metre Amore Mio is one of the largest and most powerful ‘sports’ yachts in the world, and it isn’t available for charter. Instead, its owner – who shall remain nameless but, predictably, he’s Russian and in [...]
Solgold sinks as Ecuador spat takes the shine off shares June 6, 2019 Shares in London-listed miner Solgold sank today after local plans to hold a referendum on the company’s presence in Ecuador were submitted to the country’s highest court. Solgold, an Australian gold and copper mining company, lost another 11 per cent from its share price today after it confirmed submissions for a public hearing had been [...]
Sydney shares cheer Australia’s centre-right election triumph May 29, 2019 Australian share prices are on a roll after the shock election victory earlier this month of the ruling Liberal-Nation coalition. The centre-right government returned to power in Canberra despite consistent opinion poll leads for the opposition Labor Party. The ASX 200 index, comprising the shares of the 200 largest companies listed on the Australian Stock [...]
UK regulators cautiously welcome EU backtrack on no-deal share trading rules May 29, 2019 UK regulators have welcomed a move by their EU counterparts to backtrack on rules that would have stopped European investors from trading shares in some of the biggest British companies in London after a no-deal Brexit. Read more: EU leaders tell UK the Brexit deal cannot be renegotiated However, the Financial Conduct Authority (FCA) said [...]
Miners lift London Stock Exchange’s FTSE 100 as iron price hits record in China May 28, 2019 A rising iron ore price pushed up London-listed miners today, helping lift the FTSE 100. Rio Tinto rose 3.3 per cent by the early afternoon, while Fresnillo was up 2.8 per cent, putting both in the top five blue-chip risers. Read more: Charged: Chinese giant takes £14m stake in London lithium miner Bacanora It comes [...]
Solgold chief executive encouraged by new study May 20, 2019 The chief executive of a London-listed company that runs a promising gold and copper mine said he is encouraged by a new study showing the project will cost between $2.4bn (£1.9bn) and $2.8bn before it starts to produce. An assessment, released today, shows the president net value of Solgold’s Alpala project is estimated at between [...]
Global dividends rise to first-quarter record $263bn despite growth slowdown May 20, 2019 Worldwide dividend payments rose to record levels in the first three months of the year despite a global economic growth slowdown. Shareholders received $263.3bn (£207bn) – a first-quarter record – rising 7.8 per cent compared with the same period last year, according to the Janus Henderson Global Dividend Index. Read more: UK dividends jump to [...]
Iron ore prices hit five-year high after Vale warns of second dam burst May 17, 2019 Iron ore prices have hit a five year high today after the world’s biggest producer, Vale, revealed trouble at one of its sites. Late yesterday Vale said a mining waste dam was on the brink of collapse, just months after one of its dams collapsed, killing hundreds. Read more: Another Vale dam could collapse next [...]
London-listed Tharisa hit by South African power outages May 15, 2019 Markets seemed to reward miner Tharisa today despite what on the face of it looked like a poor set of results as the company worked to reconfigure a mine and battled South African power shortages. The figures Production of platinum-group metals (PGMs), which include rhodium and palladium, dropped 12.2 per cent to 67,600 ounces in [...]