China’s war on coal keeps fuelling prices recovery — up 30% since April
Beijing’s decision to ease production has sent coal prices soaring this summer.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Anglo American declines merger offer from Vedanta
Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.
Fort McMurray wildfires eat into Imperial Oil earnings
Imperial, Canada’s No.2 integrated oil producer and refiner, posted a surprise $181-million loss in its second quarter.
Canada invests $133 million in Tata Steel Quebec-Labrador iron ore project
Deal comes at a time of improved steel demand from China and mimics an effort by the UK government to rescue Tata Steel's Port Talbot operations to save jobs.
Anglo American narrows debt despite posting steep first-half loss
The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.
Iron ore breaks the $60 per tonne barrier, extending week’s rally to 9%
With this jump, the commodity's gains are close to 9% for the week and almost 40% so far this year.
Peru losing its battle against illegal gold mining
A force of marines and rangers sent in the past days to raid the Tambopata reserve, in the country’s southern Amazon, has already been outnumbered.
Antofagasta lowers full-year copper output target, says surplus shows little sign of easing
The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.
Barrick in talks with South African miners to sell stake in Acacia — report
The potential sale of its its 64% interest in Acacia would be part of Barrick's broader strategy of selling non-core assets to reduce debt.
China gold imports fall in June on higher prices, inventories
Net gold imports dropped 38.5% to 70.886 tonnes in June, down from 115.29 tonnes in May, according to The Hong Kong Census and Statistics Department.
Newmont eyes 5M-ounce boost from Lihir gold mine
Management noted progress in growth projects, including regulatory approvals for Red Chris, and Cadia resuming production.