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Centamin sees mineral resources more than doubling in Côte d’Ivoire

Centamin sees mineral resources more than doubling in Côte d’Ivoire

Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in Côte d’Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored...

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Kinross stock rallies after reporting record production at Paracatu and Bald Mountain

Kinross stock rallies after reporting record production at Paracatu and Bald Mountain

Kinross Gold’s (TSX: K; NYSE: KGC) shares were up 6.25% on Friday, after  reporting Q4 results this week. The company produced 2.45 million gold-equivalent ounces last year, with record production from its Paracatu mine in Brazil and its...

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Alibaba Takes 8 Percent Stake in Chinese Video Platform Bilibili – Xinhua

Alibaba Takes 8 Percent Stake in Chinese Video Platform Bilibili – Xinhua

Alibaba Group Holding Ltd has bought an 8 percent stake in Chinese video platform Bilibili Inc, the official Xinhua news agency reported on Thursday. Alibaba’s e-commerce retail arm, Taobao, will own 24 million shares in Bilibili, one of...

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China iron ore imports rise on pre-holiday restocking

China iron ore imports rise on pre-holiday restocking

China’s iron ore imports climbed 5.3 percent in January from December, customs data showed, supported by strong restocking demand at steel mills ahead of the week-long Lunar New Year holiday this month. Shipments of the steelmaking raw...

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U.S. Shale Executives Predict Oil Production Constraints to Remain

U.S. Shale Executives Predict Oil Production Constraints to Remain

Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy conference said on Thursday. The price...

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Technology to redesign 77% of Australian mining jobs over next five years — report

Technology to redesign 77% of Australian mining jobs over next five years — report

The future holds a changing landscape for miners’ skillsets in Australia. A vast 77% of mining jobs will be enhanced or redesigned due to technology within the next five years, an EY report for the Minerals Council of Australia on the Future of...

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Copper miner’s $10B bet comes to life in Panama jungle

Copper miner’s $10B bet comes to life in Panama jungle

The world’s largest new copper mine rumbled to a start this week in the Panamanian jungle, poised to supply a global market that’s tipping into deficit and gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth...

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China Considering Measures to Adjust Lending Rates for Companies: Central Bank Official

China Considering Measures to Adjust Lending Rates for Companies: Central Bank Official

China is considering measures to drive adjustments in financial institutions’ lending rates for companies to improve credit flow into the economy, the official English-language China Daily reported on Thursday, citing a central bank...

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China January Trade Surplus With U.S. Narrows to $27.3 Billion

China January Trade Surplus With U.S. Narrows to $27.3 Billion

China’s trade surplus with the United States narrowed to $27.3 billion in January, from $29.87 billion in December, customs data showed on Thursday. China’s exports to the United States fell 2.4 percent in January from a year earlier...

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China’s iron ore futures extend pullback amid supply speculation

China’s iron ore futures extend pullback amid supply speculation

Iron ore futures in China fell for a second straight session on Wednesday as the market awaited clarity on the magnitude of supply disruption following Vale SA’s dam closures. Steel prices also fell, with the most-active rebar contract...

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Goldman sees oil rising toward $70, says demand forecasts are too gloomy

Goldman sees oil rising toward $70, says demand forecasts are too gloomy

Oil prices have struggled to rally above $64 a barrel since last quarter’s sharp pullback, but Goldman Sachs believes crude futures could break out in the coming months. The investment bank forecasts international benchmark Brent crudewill...

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