Cadence (KDNC) & Amur (AMC): Should you buy these mining penny stocks?

Highlights Mining giant Anglo American PLC’s shares surged almost 5 per cent today, making it the highest riser on the FTSE 100 index. The group selected energy firm Pele Green Energy and French utility company EDF Renewables to build a 1...

Highlights  Gem Diamonds Limited recorded a revenue of US$104.5 million in H1 2021 ended 30 June 2021 compared to US$69.5 million in H1 2020. Botswana Diamonds announced a 2-year license renewal of its Ghaghoo diamond mine. The license is ...

Highlights  Rio Tinto’s net cash generated from operating activities was US$13,661 million for H1 2021, representing an increase of 143% year-on-year compared to US$5,628 million in H1 2020. Eurasia’s Rosgeo JV operates nine pl...

Highlights FTSE listed mining stocks witnessed major correction after the risk of default by China’s Evergrande Group. Fear of collapse in the Chinese economy due to the Evergrande Group led to a correction in the mining sector as investo...

Highlights London is in second place, along with New York as the top destination to raise capital for tech start-ups as per the latest ranking. Start-up’s technology companies based in London are valued at £105 billion as it off...

Highlights Falling commodity prices caused the metals and mining sector to drop today Anglo American’s shares fell over 7 per cent due to slump in metals prices Metals and mining companies were impacted on Monday by falling base meta...

Highlights  Rio Tinto’s consolidated sales revenue stood at US$33,083 million in H1 2021, up by 71% year-on-year compared to US$19,362 million in H1 2020. Anglo American’s De Beers' production of rough diamond rose by 37% ...

Copper prices made an all-time high of USD 10,512 per metric tons in May 2021, amid higher demand for the metal from China. As per market experts and consensus forecast from leading institutions like World Bank and IMF, the demand for copper is exp...

The performance of the mining stocks is often known to mirror the state of the economy. The COVID-19 pandemic forced a complete or partial shutdown of mining operations not only in the country but across the globe. According to the Mining Glob...

Highlights Commodity prices rallied after Biden and Jinping spoke, raising hopes of improving relations between the two countries. Copper, Aluminium prices have been firming recently, boosting metals and mining stocks long term prospects. ...