Basic Resources Sector News

Latest News

  • European shares advanced on Tuesday, with housebuilders leading the market higher and mining companies rebounding from their declines the day before. Britain's second-largest housebuilder, Persimmon, rose ...

  • Britain's FTSE buoyed by resilient Persimmon Reuters - UK Focus - 5 hours ago

    Britain's leading share index rose on Tuesday, helped by a rise in housebuilders after strong results from Persimmon suggested that the sector was coping with the uncertainty from Britain's vote to leave ...

  • Housebuilders, miners lead European shares higher Reuters - UK Focus - 12 hours ago

    European shares advanced on Tuesday, with housebuilders leading the market higher following a solid update from Persimmon while miners bounced back from sharp declines in the previous session. Persimmon ...

  • Orosur Mining Inc. – Director Dealing Business Wire - 15 hours ago

    SANTIAGO, Chile--(BUSINESSWIRE)-- Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM:OMI), the South American-focused gold producer, developer and explorer announces that Pablo Marcet, a Non-Executive ...

  • European stocks dip awaiting clear US rate outlook AFP - Mon, Aug 22, 2016 17:37 BST
    Markets focus on big mergers as global stocks are quiet

    In mid-afternoon trading, London's benchmark FTSE 100 had lost 0.65 percent compared with Friday's close while in the eurozone both Frankfurt and Paris gave up early minor gains

  • Weaker commodity-related stocks push FTSE to 2-week low Reuters - UK Focus - Mon, Aug 22, 2016 16:48 BST

    Britain's top share index slipped to its lowest level in nearly two weeks on Monday, with commodity-related stocks leading the market lower following a drop in metals and crude oil prices. The commodity-heavy ...

  • Things could only get better for these two mining giants in January but Harvey Jones now asks: how long can the fun continue?

  • European stocks diverge awaiting US rate outlook AFP - Mon, Aug 22, 2016 11:47 BST
    Markets focus on big mergers as global stocks are quiet

    Eurozone stocks rose in morning trade, with Frankfurt's DAX 30 gaining 0.3 percent and the Paris CAC 40 up 0.2 percent

  • Britain's FTSE edges up as housebuilders rise, miners lag Reuters - UK Focus - Mon, Aug 22, 2016 10:16 BST

    British shares edged higher on Monday, led by a rise in housebuilding stocks, with gains capped by a fall in the mining sector. The blue chip FTSE 100 index advanced 0.1 percent to 6865.87 points by 0906 ...

  • UK orders keep rising at Irish building group Kingspan after Brexit vote Reuters - UK Focus - Mon, Aug 22, 2016 09:25 BST

    Irish building materials group Kingspan said new orders at its large UK business had risen by 7 percent year-on-year since the end of June, dispelling fears that it would be hit by Britain's vote to leave the European Union. Kingspan, a leading maker of insulation products in Britain where it generates over a quarter of …

  • Foreign banks storm dollar market in search of cheaper funding Reuters - UK Focus - Fri, Aug 19, 2016 18:58 BST

    Asian and European banks have raised over US$23bn in August, or almost a quarter of the month's overall high-grade volumes, with names such as Societe Generale (Swiss: 519928.SW - news) , Standard Chartered (HKSE: 2888.HK - news) and Westpac hitting the market most recently. The bank priced the deal up to 15bp tighter …

  • Russian steel pipe maker TMK considers asset, share sale to cut debt Reuters - UK Focus - Fri, Aug 19, 2016 15:38 BST

    MOSCOW/YEKATERINBURG, Aug 19 (Reuters) - TMK, Russia's largest maker of steel pipes for the oil and gas industry, is considering a secondary share issue and asset sale to cut debt, it said on Friday. TMK, hit by weak pipe sales in the United States, borrowed heavily to expand abroad about eight years ago and now has assets …

  • UK infrastructure funds are hitting record highs on the prospect of more government spending after Britain's vote to leave the European Union, bolstered by the view that the effectiveness of ultra-loose monetary policy is reaching its limits. The Brexit vote looks likely to lead to a short-term downturn in building activity: …

  • Russia's TMK says Q2 net profit rises to $57 mln Reuters - UK Focus - Fri, Aug 19, 2016 09:20 BST

    TMK, Russia's largest maker of steel pipes for the oil and gas industry, said on Friday its second-quarter net profit rose to $57 million from $47 million in the same period of last year. The company sees lower sales in Russia in the next quarter due to seasonally weaker demand and scheduled maintenance, but expects an …

  • BUZZ-Kaz Minerals: extends gains after Peel Hunt upgrades Reuters - UK Focus - Fri, Aug 19, 2016 08:34 BST

    ** Kaz Minerals up 2.5 pct, trading around 4-mth highs, as Peel Hunt upgrades to "Add" from "Hold" and raises TP to 200p from 160p - a day after it announced H1 profit rise ** Peel ...

  • COLUMN-Copper - a tale of two South American producers: Andy Home Reuters - UK Focus - Fri, Aug 19, 2016 02:00 BST

    Copper is underperforming every other major base metal so far this year. The London Metal Exchange (LME) three-month price is this morning trading around $4,840 per tonne, translating to a year-to-date gain of just under five percent. Investors are shunning copper, preferring hotter metallic markets such as zinc, currently …

  • Britain's FTSE edges up, helped by miner rally Reuters - UK Focus - Thu, Aug 18, 2016 17:06 BST

    UK shares edged up on Thursday, breaking a two-day losing streak after commodity-related stocks gained on the back of a weaker dollar. The blue chip FTSE 100 index was up 0.1 percent to 6,868.96 points ...

  • BUZZ-OncoMed Pharmaceuticals: Set to open at 3-mth low after equity raise Reuters - UK Focus - Thu, Aug 18, 2016 14:05 BST

    ** OncoMed Pharmaceuticals down 15 pct premarket after cancer drug developer prices its follow-on launched after the bell Wed at a steep discount ** If losses hold, stock set to open at lowest levels since ...

  • TREASURIES-U.S. bonds hold gains after jobless, business data Reuters - UK Focus - Thu, Aug 18, 2016 13:47 BST

    U.S. Treasury prices held on to earlier gains Thursday as data on domestic jobless claims and business activity in the U.S. Mid-Atlantic region suggested further economic growth, though not at a quick ...

  • Mali state mining revenues fell 11 pct last year Reuters - UK Focus - Thu, Aug 18, 2016 13:11 BST

    Mali collected 245 billion CFA francs in state revenues from mining companies last year, a near 11 percent fall on the previous year, owing to stagnant production and lower gold prices, the statistics ...

  • Mongolia jacks up interest rates in effort to halt currency's plunge Reuters - UK Focus - Thu, Aug 18, 2016 12:40 BST

    Mongolia raised its benchmark interest rates by 4.5 percentage points to 15 percent on Thursday, the central bank said, in a bid to stabilise a currency that has been in free-fall. Elected in a landslide in late June, the country's new government has been plunged into an economic crisis, with its currency, the tugrik, …

  • Is this the best resources stock after today’s results? Fool.co.uk - Thu, Aug 18, 2016 11:28 BST

    Should you buy this stock or a sector peer following today's update?

  • Bilaal Mohamed compares the investment appeal of Evraz plc (LON: EVR) with mining giants Rio Tinto plc (LON: RIO) and BHP Billiton (LON: BLT) after today's interim results.

  • Can these three Footsie giants defy gravity and continue skyrocketing?

  • Kaz Minerals says can maintain profit in weak copper market Reuters - UK Focus - Thu, Aug 18, 2016 10:25 BST

    Kazakhstan copper firm Kaz Minerals said it can carry on making profits even if commodity markets stay weak as it steps up low-cost output after achieving a 30 percent increase in core profits in the first half of the year. Analysts said Thursday's results were at the top end of the broad consensus, but were cautious about …

  • Britain's FTSE gains as miners rally Reuters - UK Focus - Thu, Aug 18, 2016 10:10 BST

    UK shares rose on Thursday, breaking a two-day losing streak after commodity-related stocks gained on the back of a weaker dollar. The blue chip FTSE 100 index rose 0.2 percent to 6874.03 points by 0858 ...

  • Russian steel firm Evraz's core profits drop 38 pct Reuters - UK Focus - Thu, Aug 18, 2016 09:08 BST

    Evraz, one of Russia's largest steel producers, reported a 38 percent fall in first-half core earnings on Thursday, hit by weaker steel prices and missing market forecasts. Along with its Russian rivals the company, part-owned by Chelsea soccer club owner Roman Abramovich, has been hit by low steel prices and depressed …

  • BUZZ-Evraz: top UK midcap loser on H1 profit miss Reuters - UK Focus - Thu, Aug 18, 2016 08:32 BST

    ** Evraz, one of Russia's largest steel producers, -c.4% & top midcap loser after co's H1 profit misses forecast ** H1 EBITDA falls 38% to $577 mln ; analysts polled by Reuters had expected $593 mln ** ...

  • Are these 3 shares too good to miss? Fool.co.uk - Thu, Aug 18, 2016 08:29 BST

    Check out three shares with decent dividends and recovery potential.

  • BUZZ-Kaz: top UK midcap gainer as H1 profit rises Reuters - UK Focus - Thu, Aug 18, 2016 08:21 BST

    ** Kaz Minerals +c.7%, most actively traded stock & top pct gainer on FTSE midcap index after Kazakhstan copper miner reports higher H1 core profit ** EBITDA rises to $115 mln from $88 mln year ago; major ...

  • Kaz Minerals reports year-on-year rise in H1 profit Reuters - UK Focus - Thu, Aug 18, 2016 07:22 BST

    Kazakhstan copper firm Kaz Minerals on Thursday said core first-half profit rose to $115 million from $88 million a year ago, and its major new project Bozshakol was on track for commercial output in the ...

  • Russia's Evraz says H1 EBITDA down 38 pct, misses forecast Reuters - UK Focus - Thu, Aug 18, 2016 07:16 BST

    Evraz, one of Russia's largest steel producers, reported a 38-percent fall in its first-half earnings before interest, taxation, depreciation and amortisation to $577 million due to weaker steel prices. ...

  • TREASURIES-Longer-dated U.S. bonds add gains after July FOMC minutes Reuters - UK Focus - Wed, Aug 17, 2016 19:16 BST

    Longer-dated U.S. Treasury prices added to earlier gains on Wednesday as the minutes of the Federal Reserve's policy meeting in July showed some policy-makers expected an interest rate hike will be needed ...

  • Britain's FTSE dragged down by drop in Admiral Reuters - UK Focus - Wed, Aug 17, 2016 17:16 BST

    A slump in Admiral shares dragged Britain's top stock index down further from the 14-month highs it hit on Wednesday, after the car insurer said that market volatility caused by Britain's vote to leave ...

  • Royston Wild runs the rule over two diggers making news in Thursday business.

Next >>