Gold may be trading at its lowest in 18 months in dollar terms but look at the precious metal in other currencies and you can see it’s still serving its role as a safe-haven asset.
Europe Mining News
Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers.
Expectations of a boom in demand for electric vehicles are leading investors and battery makers to stockpile nickel and helping to fuel a spike in global prices of the metal.
Russia’s super-rich tycoons lost more than $3 billion in one day.
The Brazilian steelmaker is also seeking to close a streaming deal next week with a Canadian bank for its mining output in coming years.
Two new studies reveal where ancient Egyptians got the red metal from.
Russian President Vladimir Putin agrees that a proposal to prop up the budget by raising more revenue from metals and mining companies should be discussed, but has not made any decision.
The $4.9 billion-investment is part of Codelco’s 10-year, $39 billion overhaul of its core mines.
The two companies have just signed a non-biding letter of intent.
Protectionism could limit future growth.
Pandora cuts expected revenue from 7 to 10 per cent to 4 to 7 percent.
For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.
Pan Global’s subsidiary Minera Águilas has received the necessary permits to start its exploration campaign on the first two sections of the Águilas project.
Imports of jewelry, precious metals and stone products would be under the microscope.
Shares down by a third after London-listed miner pays $900m for Russian copper project that will take another $5.5 billion to build.
Kinross Gold Corp said on Wednesday it was "pausing" expansion work at its Tasiast gold mine in Mauritania after a government request for talks to improve the country's economic benefits from the miner's activities.
Given that most of the high-economic diamond deposits in the world have already been put into production, diluted via expansion, or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations.
EU antitrust regulators on Wednesday voiced concerns about German Wieland's bid for copper smelter Aurubis' flat-rolled products business, saying the deal may hurt competition.
The London Metal Exchange (LME) launched on Wednesday a consultation to trial in the first quarter of next year the use of its electronic system to determine closing prices of the three-month nickel contract instead of open outcry.
They were said to be investigating a private Russian security company operating in CAR as well as Russia’s interests in the local diamond, gold and uranium sectors.
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
Glencore is the world’s No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles.
Silverstream valuation had an adverse effect on profit before income tax, which came down 16.6% to $323 million.
Turkey was looking to boost its trade with West Africa and sub-Saharan countries, where there is demand for the less capital-intensive steel products.
Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.