L’or : objectif 6 300 $ JPMorgan is maintaining a bullish outlook on gold prices by setting an end-of-year price target of $6,300 an ounce amid a broader shift towards hard assets. In a note published late Sunday, the bank’s analysts cited the “ongoing diversification” trend that has driven gold to record highs in recent […]
JPMorgan sees gold price reaching $6,300 by year-end Read More »
What Makes CMOC’s Kisanfu Mine Expansion a Strategic Game-Changer? What Makes CMOC’s Kisanfu Mine Expansion a Strategic Game-Changer? China Molybdenum Company’s ambitious $1.08 billion investment in the Kisanfu Mine expansion represents one of the most significant copper development projects currently underway in the Democratic Republic of Congo. This massive capital commitment positions CMOC to dramatically increase its
China’s CMOC $1.08B DRC Copper Mine Investment Expansion Read More »
Packages of Pringles chips, manufactured by Kellanova. Photographer: Andrey Rudakov/Bloomberg Mars Inc.’s $36 billion bid for Pringles chips maker Kellanova faces a potential glitch after European Union opened an in-depth investigation over concerns the largest packaged-food deal in almost a decade could thwart competition. The deal will give Mars “several very popular brands of potato chips and cereals to
Mars’ $36 Billion Kellanova Deal Hit by Full-Scale EU Probe Read More »
Chile’s Atacama region. (Image by LMspencer | Stock Photo.) Chile’s state-run mining firm ENAMI aims for its new Rio Tinto lithium partnership at Altoandinos to begin production in 2032 with 35,000 metric tons of the battery metal per year, and ramp up over three years to 75,000 tons, ENAMI company chief Ivan Mlynarz said on Friday. The
Chile’s ENAMI says lithium venture with Rio Tinto to start production in 2032 Read More »
Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo NEW YORK, April 9 (Reuters) – Billionaire investor Bill Ackman’s Pershing Square Holdings portfolio has lost nearly 14% so far this year, the firm told investors
Ackman’s Pershing Square Holdings fund drops nearly 14% so far this year Read More »
The BlackRock headquarters in New York. Photo by Michael Nagle /Bloomberg BlackRock Inc.’s Global Infrastructure Partners is close to raising roughly $25 billion for its latest flagship fund, a sum that would make it one of the largest in the infrastructure industry, according to people familiar with the matter. (Bloomberg) — BlackRock Inc.’s Global Infrastructure Partners is
BlackRock’s GIP Is Close to Raising $25 Billion for New Fund Read More »
US President-elect Donald Trump (Jan 15): The uncertainty likely to be injected into markets this year by US President-elect Donald Trump promises to be yet another driver of attractive bond returns, according to Pacific Investment Management Co (Pimco). Unpredictability, paired with rising Treasury yields and diminished expectations for central bank easing is seen generating long-term
Pimco says own more bonds as Trump ushers in era of uncertainty Read More »
The 2,492 carat diamond. (Image courtesy of Lucara Diamond.) Canada’s Lucara Diamond (TSX: LUC), has dug up a 2,492 carat diamond from its prolific Karowe mine in Botswana, the world’s second-largest stone ever mined in terms of size. The “epic” diamond, as Lucara put it, was detected and recovered by the company’s Mega Diamond Recovery (MDR) X-ray Transmission
Lucara finds world’s 2nd largest diamond ever mined Read More »
Hedge fund manager Pierre Andurand expects the price of copper to almost quadruple to $40,000 a tonne in the next few years as soaring demand causes global stockpiles of the red metal to run low.
Copper price to rocket to $40,000 a tonne, says top trader Andurand Read More »
Anglo American (LON: AAL) has rejected a $39 billion takeover offer from BHP (ASX: BHP) conditional to the target company divesting its platinum and iron ore businesses in South Africa.
Anglo American rejects “opportunistic” $39bn takeover bid from BHP Read More »
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