IMF Mining News

Russia increased gold holdings in June, ninth consecutive month

The country’s gold reserves total now 996.4 tonnes, making it the world's seventh largest bullion holder.

Blow to copper, miners: IMF trims global growth forecast

Copper dropped over 3% on Wednesday after worries about economic growth and metals demand were reinforced by the International Monetary Fund's report.

IMF earmarks $2.7 bn in gold sales windfall for concessional lending to needy economies

The International Monetary Fund has given the go ahead to the use of USD$2.7 billion in profits from gold sales to ramp up financial assistance to developing economies.