Bloomberg News

Newmont CEO eager to meet with Barrick — but not about merger

After more than a week of tough talk firing back and forth, the leaders of the two biggest gold producers are finally coming to the table.

'Dance partner' hunt heats up in gold, fueled by megamerger push

The megamerger mania now underway for Newmont Mining Corp., Barrick Gold Corp. and Goldcorp Inc. could force mid-tier companies to team up in order to successfully compete.

Zimbabwe to scrap platinum and diamond mine ownership rules

Zimbabwe holds the world’s second-largest known reserves of platinum-group metals after South Africa, plus substantial deposits of gold, diamonds, lithium, iron ore, coal, chrome and nickel.

Newmont calls Nevada joint venture talks with Barrick 'productive'

Barrick Chief Executive Mark Bristow and Newmont CEO Gary Goldberg met for dinner on Tuesday night in New York.

Newmont CEO eager to meet with Barrick – but not about merger

After more than a week of tough talk firing back and forth, the leaders of the two biggest gold producers are finally coming to the table.

Largest gold ETF shrinks most in a year as trade tensions ease

The $33 billion SPDR Gold Shares ETF, or GLD, saw a net withdrawal of $496 million on Friday, the most in a single day since February 2018.

Enbridge pipeline delay punishes oil sands producers' shares

Cenovus Energy Inc., MEG Energy Corp. and Canadian Natural Resources the most affected.

Algorithms join cobalt hunt backed by Gates, Bezos and Dalio

There are over 50 cobalt exploration projects, mostly in Australia and Canada.

Miners' 'lifeblood' looks poised to flow back following pot craze

"The current market is reminiscent of the late 90’s and early 2000’s."

Rusal suspends bauxite mining in Guyana over labor conflict

Workers at Bauxite Company of Guyana Ltd. declined to work and demanded a pay increase.

How the cobalt market fell victim to allure of electric cars

Adding to the allure was a widely-held view that cobalt supply is constrained.

Vale probe could lead to fine of 20% of revenue from 2018

Vale will be on the hook for about $7.2 billion should Brazil’s government fine the company 20% of annual revenue.

Platinum miners win reprieve as South Africa strike delayed

The threat of disruption has helped boost platinum and palladium prices this week.

Junkyard palladium growing as an answer to disappearing resource

Recyclers can recover about 90 percent of the metal from catalytic converters in junked cars for a fraction of the cost of mining it.

World's biggest platinum miners ask court to block strike

“We are of the view that AMCU is not acting in the best interests of workers, or the industry”- Anglo American Plc

Eskom's Molefe 'stonewalled' Glencore ex-CEO says

Nedbank Ltd. estimates that corruption, maladministration and bad policies shaved $33.9 billion off the nation’s GDP between May 2014 and February 2018.

Coal's perfect storm rattles home to $50B new projects

It’s been a tough few weeks for Australia’s coal industry.

Caterpillar downgraded as UBS sees end market 'peak' in 2019

The stock has risen by more than 25 percent from an October low, and it ended at its highest level since Oct. 16 on Monday.

‘Bubble’ warning sounds over 2019’s hottest commodity

Palladium’s deficit-driven ascent has some analysts warning of the growing potential for a correction given the rapid sprint upward.

Ex-Goldman banker may finish huge gold deal five years later

The man proposing to buy Newmont Mining Corp. in the world’s biggest gold takeover is the same person who was blamed for the deal falling apart five years ago.

Barrick CEO says he'll run Newmont's mines better than they can

"Mark has never run a global portfolio. In fact, I’d say none of his team have run a global portfolio like what we have in place."

Michael Klein strikes gold from Canada to Saudi Arabia

Klein won’t have to share his fees with other large U.S. or European investment banks.

Steinmetz stages Guinea comeback in Sarkozy-brokered deal

"A good agreement is much better than any war."

Newmont CEO calls Barrick move 'desperate' as miner summit looms

Gary Goldberg said he’s focused on completing the Goldcorp takeover and questioned whether Barrick’s management is equipped to run a combined Newmont-Barrick.

Citigroup says Venezuela deal covered $1.6 billion in gold

Citigroup Inc. said it entered into a financing deal with Venezuela’s central bank in 2015 essentially using $1.6 billion of gold held at the Bank of England as collateral.