The only thing that could make it more bullish is if the USD reversed under oversold conditions and close to the cyclical turning point. Oh wait. It did.
Europe Mining News
The Russian state-controlled diamond miner increased fourth-quarter production by 6 percent year-on-year to 10.1 million carats as a shutdown at its Mir mine was offset by higher output at other assets.
When it comes to finally reaching a deal to secure Freeport-McMoRan Inc.’s long-term right to keep mining in Indonesia, the ball appears to be firmly in Rio Tinto Group’s court.
The company, a unit of Anglo American Plc, mined 33.5 million carats in 2017. That’s a 22 percent jump from a year earlier, beating its own target.
The company beat expectations on Thursday with a 5% increase in 2017 production.
The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.
The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two.
Recognizing the vital role that copper will play in a sustainable future, Nexans is joining forces with Codelco.
The key question is whether the bearish trend in the greenback will continue or we will see a trend reversal.
Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana.
Gold is going digital.
Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.
Chile-focused miner also expects costs to rise on tailings dam expenditure.
French uranium mining group Areva closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows.
Agreement includes Russia’s state nuclear agency Rosatom commitment to build a nuclear power station in the South American country.
Miner aims at selling around 40 million carats of diamonds in 2018 provided market conditions are favourable.
The parties have agreed not to release the transaction price.
Karelian Diamond Resources was granted a four-year exploration claim in the Kaavi region.
The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.
A collapse at an abandoned gold mine in Uzbekistan has resulted in one death and roughly 20 trapped underground.
Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.
After lagging behind other precious metals last year, platinum is finally outperforming, and hedge funds are taking notice.
Currently, there's a lot of good news for gold which thrives on the spectre of high government debt leading to more money-printing and inflation.
Lonmin's lenders had granted the company a waiver of compliance with a loan agreement that required its net worth to remain at a minimum of $1.1 billion.
A fresh surge in U.S. and Canadian oil production would wreck all of OPEC's hard work.