Markets Mining News

Gold miners must focus on returns, mergers to attract investment – Barrick CEO

Gold miners have for years been accused of eroding profits through expensive deals but the takeovers of Randgold by Barrick and Goldcorp by Newmont have spurred speculation about a pick up in long-dormant gold M&A.

Iron ore is surging, but not all producers are joining the party — opinion

While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty.

Get ready for difficult times, China's Xi warns during trade war

Acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd.

De Beers diamond sales slump again in another warning sign

De Beers’ diamond sales plunged to the lowest since 2017 in the company’s latest offering, underlining a slump in the industry worldwide.

What soaring iron ore and faltering copper say about China — opinion

The fortunes of two commodities are beholden to China, the world's biggest importer and user of both iron ore and copper.

Canada’s Pure Gold starts trading in London

The decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.

Nothing seems to matter in copper markets, except the trade war

Copper is slumping toward a three-month low even after Zambia moved closer to nationalizing some of its mines.

Canada injects $325K into ‘climate change adaptation’ for mining sector

Mining Association of Canada (MAC) will be in charge of developing program to give miners tools and knowledge needed to better plan for climate change.

IAMGOLD rejects rumours of planned assets sale

The Canadian miner said it wasn’t aware of any "material change" that would account for the sharp price rise in its stock on Thursday and into early trading on Friday.

Sibanye-Stillwater plans to resume dividend payments in 2020

The company also expects to halve the amount of job cuts previously announced in the gold division to around 3,000.

Canada's Nutrien sees swine fever hurting demand for grain, oilseed

Swine fever (ASF) was first detected in China last August and has killed as many as 200 million pigs, by some estimates.

Gold miner sues Zimbabwe central bank for not paying in dollars

Zimbabwe’s biggest gold producer sued the country’s central bank for $132m because it has been paying for the metal in a local quasi-currency rather than US dollars.

Positive heap leach test results lift Marathon Gold’s shares

The latest results are more favorable than the 59% gold recovery used in a preliminary economic assessment completed in October 2018.

BHP to keep Nickel West, Rio looks to Jadar lithium for battery boom

The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology.

US faces hurdles in push to build electric vehicle supply chain

The US faces stiff challenges as it moves to create its own electric vehicle supply chain, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries.

Rio Tinto may start mining lithium in Serbia by 2023

No decision will be made until the end of 2020, when the company expects to have completed a study on the Jadar, which is estimated to contain 10% of the world's lithium reserves.

Polish government has turned energy market into a 'tragedy,' regulator says

Poland's energy market is being left to speculators after repeated interventions by the government have put off long-term investors.

Platinum market is turning a corner as supplies start to tighten

Prices of the metal mostly used in autocatalysts are off to the best start to a year since 2016 as investors flock back to exchange-traded funds.

Back on the menu: Chinese steel mills regain taste for high-grade iron ore

Prices of 65% iron-content ore for delivery to China hit a five-year-peak of $110.5 a tonne on Thursday, while its premium to benchmark 62% ore widened to five-month highs.

Investors, autos to fuel platinum deficit in 2019 – Johnson Matthey

Specialist materials firm Johnson Matthey forecast a 127,000-ounce platinum shortfall this year, after surpluses of 372,000 and 44,000 ounces in 2018 and 2017 respectively.

Hold tight for volatility as trade turmoil rattles markets anew

Investors are standing by for a fresh bout of market turmoil as President Donald Trump turns up the heat on Beijing over trade.

Without US-China trade war, copper price would be higher – Antofagasta chairman

A trade war between the United States and China is depressing the price of copper and the red metal would be 5% to 15% higher without the dispute, Jean-Paul Luksic told El Mercurio.

Even Trudeau’s Canada, gripped in carbon fight, won’t ditch coal

Scientists agree coal is choking the planet—so why is it so hard for governments to ditch?

Old boys' club LME appoints first female chair in its history

Gay Huey Evans, one of the best-known women in European finance, will replace Brian Bender when he retires from the board in December.

Vale posts $1.64B loss for quarter marred by deadly dam burst

The company had posted a net profit of $1.59 billion in the year-ago period.