Gold-buying spree makes of Russia the world’s largest consumer
The country's central bank added 356,000 ounces of the precious metals to its reserves in February.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
China’s Zijin Mining profit in 2015 hit by gold, base metal prices slump
Net profit for 2015 dropped by almost 30% to $261 million (1.7 billion yuan) from the previous year's $353 million.
This country just ended its coal power production
Scotland has stopped generating electricity from coal for the first time in more than 100 years.
Barrick Gold chairman John Thornton takes a 76% pay cut
He will receive $3.4 million for his work in 2015, including compensations and pension, a significant reduction from the almost $13 million he pocketed in 2014.
ArcelorMittal is selling LaPlace and Vinton steel plants in US
The steel giant has agreed to sell both operations to Black Diamond Capital Management for an undisclosed sum.
World’s No.1 copper miner Codelco posts historic loss of $1.4bn in 2015
For every penny copper prices drop, Codelco loses $36 million and Chile, the world's largest producing country, $50 million.
US judge rules Barrick Gold must face group lawsuit over Pascua-Lama mine
Class action claims that Barrick repeatedly and knowingly misled shareholders about whether Pascua-Lama complied with environmental regulations.
Petra Diamonds just sold this ‘exceptional pink’ gem for $15m
The 32.33-carats diamond was recovered in November from the firm’s Williamson mine in Tanzania.
Mitsubishi books almost $4bn in commodities-related write-downs
About $2.5 billion of the total write-down was on its stake in Chilean copper mining and smelting company Anglo American Sur.
Gold prices hit 4-week-low as dollar strengthens
Rally after Brussels attacks proves short-lived.
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.