Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.
USA Mining News
Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.
Over 60 kilometers, they line up: truck after truck, after truck. Nearly every one of them is laden with coal.
Moody's says base-metals will come under pressure in 2017 – and that includes the zinc price.
Large scale speculators in copper futures lift bullish positioning to unprecedented 2 billion pounds.
Norm aims at ensuring that hard-rock mining companies can pay the costs of cleaning up their mines, says EPA.
Barrick Gold Corporation announced today the final results and settlement of its $650 million cash tender offer for specified series of outstanding notes. The terms and conditions of the Tender Offer were described in an offer to purchase and the related letter of transmittal, each dated November 2, 2016.
The junior gold miners’ and explorers’ stocks have been crushed in recent months, collateral damage from enormous gold-futures selling.
The world's largest gold producers have lost a collective $15 billion in market value since Donald Trump's election as US president.
Strong dollar, imminent rate hike in US sends gold price to 10-month low.
At over $43 billion, 2016 is set to be a record year for raising capital to invest in North America's energy sector, but not a single fund is targeting coal.
The precious metal shed nearly 8% in November.
In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.
Managed money speculators in copper futures in New York go long 1.9 billion pounds of copper – 55% more than the previous record.
New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.
Project funding would be main priority, says Moody’s.
Regulators argue the undisclosed liabilities increase the probability that the state will be left with claims under the surface-mining and other environmental laws.
But ETF investors continue to pull out – GLD has lost 65 tonnes since Trump victory.
Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Trump’s investments could affect any decision he makes on the US$3.8 billion project as president.
Prices for the metal soared again Thursday to more than $5,700 a tonne.
The company also said it expects layoffs resulting from temporary production halts at its Lanigan and Allan mines in early 2017.
A resilient dollar extended its rally thanks to strong US economic data that further made a Federal Reserve interest-rate increase next month as certain as death and taxes.
Fossil-fuel-free future far off as world demand to increase, says the International Energy Agency.