The gold market dwarves turnover on the Dow Jones and the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.
Asia Mining News
Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands.
Gold prices of late have been testing support just under the market, if you will, preparing for a healthy rally into higher territory.
The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.
Restrictions would remain in place for six months, with some mines and areas possibly excluded.
Down 4.7% on Tuesday to five-month low as ultra-cheap Mongolian coal gets trucked into market.
The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.
Prices for the radioactive metal have fallen more than 50% since the Fukushima disaster in 2011
Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.
Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
The Asian nation will continue to lead in global gas & LNG as the country prepares to welcome 25,000 professionals from across Japan and the world, including JERA, Tokyo Gas, Mitsubishi Corporation, Mitsui & Co, ExxonMobil, Shell and many more.
The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.
The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.
Should the government go ahead with all the recommended shutdowns and suspensions, global supply of nickel will drop by about 8%.
The price of nickel rose sharply last week as traders placed bets on supply pressures reverberating from a decision by the Philippines to close almost two dozen mines.
Beijing will intensify its battle against choking air pollution this year and aims to cut coal use by 30 percent, state news agency Xinhua cited the mayor, Cai Qi, as saying.
Two Chinese state-owned mining companies plan to destroy an ancient Buddhist city in Afghanistan in order to get the copper underneath it, according to a new documentary.
Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.
B2Gold escapes crackdown in Philippines, but Australian-Canadian OceanaGold has mine suspended.
Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.
Tepco’s termination of the contract would affect about 9.3 million pounds of uranium deliveries through 2028, Cameco said.
While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"
US copper giant to be given temporary exemption under new mining rules to resume copper exports from Grasberg mine.
Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.