The cash injection comes from selling half of its interest in the Porgera mining operation to the Chinese group last May.
Bhandari shares arbitrage opportunities he's stalking and some company stories with management teams that he thinks are close to perfect.
A more than 4% jump on Friday erases week's losses and brings gains since July low to 28%.
With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.
While gold consolidated its recent gains, silver was sold down this week along with other metals and energy.
Like a true contrarian, Gold Newsletter publisher Brien Lundin looks beyond the headlines to understand what is really moving precious metals prices.
No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?
New statue depicting the bull's triumph over the bear is drawing crowds and raising eyebrows.
The former superstar of rare earths mining said it has decided to put the California facility on "care and maintenance" mode by Oct. 20 due to weak prices.
Hong Kong customs data show a rebound in number two gold importing nation.
Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.
As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.
We're not in 2008 – plotting global economic growth against commodity prices shows metals and mining sell-off is disconnected from realities on the ground.
Fasten your seat belts, this ride is getting interesting.
The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.
In the global iron ore market, the world’s two biggest exporters are expanding sales into the top customer, winning a greater share of trade as prices tumble.
Metals from copper to aluminum fell again Friday, and were heading for their worst week of the year, after data showed Chinese factory activity shrinking at the fastest pace since 2009.
Chinese rail freight tonnage – a key indicator for economic activity and the commodities trade – has plunged by 10.2% this year.
Hidden Chinese inventory and the carry trade.
Did China just join the currency war? What will the world look like in 6 months?
Hundreds of thousands of dollars of infrastructure projects have been put on hold in Western Australia's mining heartland.
The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.
The red metal dropped to $5,012 on trading on the London Metal Exchange, approaching the level of $5,000 it last hit in late 2008.
At the end of last year, China became the world’s second largest diamond consuming market. More Chinese people not only buy diamonds as a luxury, but also hold them as an investment.
As Western central banks continue their manipulation of the gold price in order to prop up flagging fiat currencies, two of the world's largest bullion hoarders are fashioning their own gold market which will function outside the dollar system.
Amid a currency and credibility crisis The People's Bank opts for transparency by updating its official gold purchases – only the second time since 2009.
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