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.
Markets Mining News
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.
Acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd.
De Beers’ diamond sales plunged to the lowest since 2017 in the company’s latest offering, underlining a slump in the industry worldwide.
The fortunes of two commodities are beholden to China, the world's biggest importer and user of both iron ore and copper.
The decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.
Copper is slumping toward a three-month low even after Zambia moved closer to nationalizing some of its mines.
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.
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.
The company also expects to halve the amount of job cuts previously announced in the gold division to around 3,000.
Swine fever (ASF) was first detected in China last August and has killed as many as 200 million pigs, by some estimates.
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.
The latest results are more favorable than the 59% gold recovery used in a preliminary economic assessment completed in October 2018.
The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology.
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.
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.
Poland's energy market is being left to speculators after repeated interventions by the government have put off long-term investors.
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.
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.
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.
Investors are standing by for a fresh bout of market turmoil as President Donald Trump turns up the heat on Beijing over trade.
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.
Scientists agree coal is choking the planet—so why is it so hard for governments to ditch?
Gay Huey Evans, one of the best-known women in European finance, will replace Brian Bender when he retires from the board in December.
The company had posted a net profit of $1.59 billion in the year-ago period.