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Fortescue, SMB head to head in race for Simandou’s northern blocks
Australia’s Fortescue Metals Group (ASX:FMG) and Guinea’s Société Miniere de Boke (SMB) are the two companies shortlisted to win mining rights to the northern blocks of the giant Simandou iron ore deposit, given up by Israeli tycoon Beny Steinmetz earlier this year....
Glencore backs Canadian junior’s zinc project in Ireland
Mining and commodities trader giant Glencore has taken a small stake in an Irish zinc project located next to its own Pallas Green lead-zinc development by investing C$1 million in Group Eleven Resources’ Stonepark deposit. Glencore’s funding gets it an 11.58% stake...
Sprott CEO hunting for bargains among beaten-up gold companies
Canada’s $8 billion precious metals-focused fund manager is bargain-hunting for stakes of mining firms that have seen valuations tumble. “Look for the companies that are beaten up,” Sprott Inc. Chief Executive Officer Peter Grosskopf said, sharing his company’s...
Overview Market Close – 15 october 2019
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,001.98 -22.82 -0.08% S&P 500 INDEX 2,989.69 -5.99 -0.20% NASDAQ COMPOSITE INDEX 8,124.18 -24.52 -0.30% NYSE COMPOSITE INDEX 12,994.89 -11.15 -0.09% S&P/TSX COMPOSITE INDEX 16,427.18 +8.79 +0.05%...