Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.
“A lot of people including myself are promoting the idea that Nelson continues on as CEO for a couple of years if possible,” said chairman Oscar Landerretche.
Surging demand for metals like copper, and cobalt for use in EVs promises to overturn balance of power between mining companies and their customers.
The oval stone, set in a ring embellished with smaller diamonds, sold after a three-minute contest. It was estimated to sell for as much as $42 million.
Indonesia expects to conclude deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of Grasberg mine.
Anglo is betting on technology, such as computerized drills, to increase productivity, cut costs and reduce environmental impact.
Crystallex International Corp. and Venezuela agreed to settle a $1.2 billion dispute over the 2011 nationalization of a gold deposit in the South American nation.
“The one thing this industry does very well is mine gold at a loss,” Randgold Resources CEO Mark Bristow told analysts at a breakfast meeting on Friday.
National Energy Guarantee program could slash investment in wind and solar projects if Australian government fails to boost 2030 emissions-reduction target.
Miner has one of biggest deficit outlooks on back of steel use; firm doesn’t expect material EV impact on nickel until 2020.
According to the McEwen CEO, prices could surpass $5,000 an ounce in five years from about $1,280 now.
Doomsday preppers in North America bet on bitcoin; cryptocurrency is starting to impinge on gold's appeal.
Overall commodity returns have been lackluster this year, and face more poor performance in 2018, according to JPMorgan Chase & Co.
Changing glacier law intensifies Argentina’s pro-mining agenda; pipeline of $20 billion beckons as nation bets on extraction.
Miners' lawyers filed documents late Thursday requesting that the presiding judge suspend two civil suits from 2015 Samarco dam spill.
Former CEO of Xstrata Plc Mick Davis, who drew criticism for remuneration well above industry norms, now on shortlist for the next chair of Rio Tinto Plc.
Lobby group is seeking judicial review of new Mining Charter, which places extra levies on companies and raises requirements for black ownership.
Sebastian Pinera, front-runner in Sunday’s election, was so frugal with funding during first term that Codelco that company’s debt levels jumped 84 percent.
Friday on the Comex in New York, almost 40,000 contracts traded in a span of 10 minutes. That triggered a sell-off, sending prices down as much as 1 percent.
Collapse of $750m mining deal sparks criticism that Canada needs heavier-handed approach to regulating venture market.
"We and China Gold will create an attractive financial platform that private investors can take part in and make money," said Alexey Chekunkov, head of fund.
Call options wagering on copper climbing above $10,000 a metric ton by Dec 2018 have started trading during past two weeks, with $4.5m spent by traders.
EuroChem Group AG spending over $6bn on two mines to produce potash, a mineral found deep in the Earth that’s prized for its ability as soil fertilizer.
It’s been a year since President Donald Trump’s election and his pledges to transform the energy markets haven’t exactly come to pass.
Journalists shed more light on Glencore's activities in Congo, including 2009 loan to entity affiliated with controversial Israeli billionaire Dan Gertler.