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Stock Market & Financial Investment News

News Breaks
November 13, 2012
05:55 EDTNEM, NEM, MOS, MOS, AGU, AGU, MUX, MUX, TC, TC, GMO, GMO, GGC, GGC, MEOH, MEOH, PVG, PVG, NG, NG, FCX, FCXDahlman Rose to host a conference
3rd Annual Metals & Mining Conference is being held in New York on November 13-14.
News For NEM;NG;PVG;MEOH;GGC;GMO;TC;MUX;AGU;MOS;FCX From The Last 14 Days
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April 16, 2014
05:24 EDTPVGPretium Resources provides update on Brucejack Project
Pretium Resources announced the following update on its activities underway and planned for 2014 at its high-grade gold Brucejack Project. Pretivm expects to file its Environmental Assessment Certificate application this quarter once it receives the final Application Information Requirements from the British Columbia Environmental Assessment Office, or BCEAO, which is expected shortly. Once filed, the application will be evaluated for completeness over a 30-day period by BCEAO with the involvement of a working group including representatives of First Nations and local governments and other government agencies. Once the application has been accepted, the BCEAO has a maximum of 180 days to complete its review and prepare an assessment report for a decision by the Minister of Environment and the Minister of Energy and Mines. Work to update the Brucejack Project feasibility study has been ongoing, with the mine plan and mining stopes now updated to incorporate the revised economic parameters of $1,100/oz gold, $17/oz silver. Based on this work, the production rate of 2,700 tonnes per day has been confirmed. Other updates include equipment and materials pricing to Q2, and the update of labour rates, schedule and productivity. The amended Brucejack Project feasibility study is on track for completion in June.
April 15, 2014
16:22 EDTMOSOn The Fly: Closing Wrap
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13:19 EDTMOSArcher Daniels announces $350M unit sale to Mosaic, other actions
Archer Daniels Midland (ADM) announced three actions in the company’s ongoing portfolio management. ADM has signed an agreement to sell its fertilizer business in Brazil and Paraguay to The Mosaic Company (MOS) for $350M. The transaction consists primarily of five ADM-owned blending facilities in Brazil and Paraguay. The purchase price includes $150M in working capital. As part of the transaction, ADM will purchase fertilizer from Mosaic after the closing and will continue to supply certain fertilizer customers in Brazil and Paraguay. ADM also announced it will pursue the sale of its chocolate business, while retaining the majority of its cocoa press operations. The company has engaged advisers to facilitate the sale process. Finally, ADM announced it will acquire the remaining 20% minority stake of Alfred C. Toepfer International for EUR83M, representing about 1.1x net book value. The proposed transaction, which is occurring through the exercise of a put agreement by Union InVivo, will be subject to customary regulatory approvals. Since 2002, ADM has owned 80% of Toepfer. InVivo will remain a strategic business partner for ADM in Europe.
12:56 EDTAGUAgrium files U.S. $2.5B mixed securities shelf
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12:31 EDTMOSMosaic to acquire Archer Daniels' Brazil, Paraguay fertilizer units
Mosaic (MOS) signed definitive agreements with Archer Daniels Midland (ADM) to acquire its fertilizer distribution business in Brazil and Paraguay for $350M. The purchase price assumes the delivery of $150M in working capital at closing. This acquisition is expected to accelerate Mosaic's previously announced growth plans in Brazil as well as replace planned internal investments in that country. Under the terms of the agreement, Mosaic would acquire four blending and warehousing facilities in Brazil, one in Paraguay and additional warehousing and logistics service capabilities. The acquisition of ADM's fertilizer distribution business would increase Mosaic's annual distribution in the region from approximately 4M metric tonnes to about 6M metric tonnes of crop nutrients. The parties have also negotiated the terms of five-year fertilizer supply agreements providing for Mosaic to supply ADM's fertilizer needs in Brazil and Paraguay. Mosaic will fund the acquisition with cash from operations. The transaction is not expected to impact Mosaic's shareholder distribution plans. The proposed sale will be contingent on customary regulatory approvals.
12:27 EDTNEMNewmont Mining volatility increases as gold pulls back
Newmont Mining May call option implied volatility is at 34, above a level of 31 from April 14, June and September is at 32; compared to its 26-week average of 34 according to Track Data, suggesting non-directional near term price movement.
09:00 EDTMUXMcEwen Mining falls 4.6%
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April 11, 2014
12:00 EDTTCThompson Creek rises 9.2%
Thompson Creek is up 9.2%, or 24c, to $2.85
06:22 EDTFCXFreeport McMoRan cuts Grasberg mine workforce 'modestly,' WSJ reports
Freeport-McMoRan has "modestly" cut the workforce at its Grasberg mine, CEO Richard Adkerson tells the Wall Street Journal. The cuts come as a tax dispute with Indonesia's government drags on. Reference Link
April 10, 2014
07:38 EDTMUXMcEwen Mining reports Q1 production 32,146 gold eq. oz
McEwen Mining announced production results for Q1. The company's total production for Q1 was 32,146 gold eq. oz comprised of 20,062 gold oz and 725,025 silver oz. This represents an approximate increase of 14% compared to Q1, 2013. Full-year guidance remains unchanged for the year at 135,000-140,000 gold eq. oz.
April 9, 2014
18:17 EDTTCThompson Creek reports Q1 production 39,200 payable gold ounces
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12:04 EDTMOS, AGUU.S. corn exports projected to increase 125M bushels
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April 8, 2014
08:32 EDTGMOGeneral Moly initiates PEA at Liberty Project
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April 7, 2014
10:00 EDTNEMOn The Fly: Analyst Upgrade Summary
Agios Pharmaceuticals (AGIO) upgraded to Overweight from Neutral at JPMorgan... Alcoa (AA) upgraded to Hold from Sell at Deutsche Bank... Align Technology (ALGN) upgraded to Outperform from Market Perform at Barrington... Analog Devices (ADI) upgraded to Neutral from Sell at Goldman... B&G Foods (BGS) upgraded to Outperform from Sector Perform at RBC Capital... Citigroup (C) upgraded to Neutral from Underweight at HSBC... Intel (INTC) upgraded to Outperform from Sector Perform at Pacific Crest... JetBlue (JBLU) upgraded to Neutral from Sell at Goldman... Kindred Healthcare (KND) upgraded to Outperform from Sector Perform at RBC Capital... Lennox (LII) upgraded to Outperform from Market Perform at Wells Fargo... Newmont Mining (NEM) upgraded to Hold from Sell at Deutsche Bank... PBF Energy (PBF) upgraded to Buy from Neutral at Citigroup... Renasant (RNST) upgraded to Outperform from Market Perform at Raymond James... Select Medical (SEM) upgraded to Outperform from Sector Perform at RBC Capital... Ultra Petroleum (UPL) upgraded to Outperform from Market Perform at Raymond James... Under Armour (UA) upgraded to Buy from Neutral at Sterne Agee... Hercules Technology (HTGC) upgraded to Buy from Hold at Sandler ONeill... Standard Pacific (SPF) upgraded to Outperform from Market Perform at Raymond James... Yelp (YELP) upgraded to Outperform from Perform at Oppenheimer... Netflix (NFLX) upgraded to Outperform from Perform at Oppenheimer... Pandora (P) upgraded to Outperform from Neutral at Wedbush.
06:28 EDTNEMNewmont Mining upgraded to Hold from Sell at Deutsche Bank
Deutsche Bank upgraded Newmont Mining to Hold citing its more positive view on aluminum premia due to a delay in LME inventory destocking. The firm raised its price target for shares to $21 from $19.
April 4, 2014
13:12 EDTMOS, AGUCanpotex announces agreement with Indian customers
Canpotex announced that it has agreed to an annual contract with its government and private sector partners in India to supply approximately 1 million tonnes of potash at a price of $322.00 per tonne on a CFR basis. Dechka also confirmed that Canpotex intends to expand its market development programs in India in future to help provide Indian farmers with the educational and other tools needed to improve yields through balanced fertilization and best management practices. Canpotex is the exclusive offshore marketing company owned by the three Saskatchewan potash producing companies: Agrium (AGU), Mosaic (MOS), and Potash Corporation of Saskatchewan (POT).

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