Russia’s Alrosa quarterly sales up 45%
Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.
Cecilia Jamasmie , Editor-in-Chief
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Australia, Germany, Japan at high environmental risk due to reliance on coal — report
The global coal industry is being squeezed by competition from cheap gas, declining demand and clean-air regulations that have raised costs for burning the fossil fuel.
Germany brings more gold back home
In 2015, the country’s central bank transferred around 110 metric tons of gold from Paris and just under 100 tons from New York to its Frankfurt vaults.
Antofagasta to lift copper output in 2016 after missing last year’s target
The miner expects an output of 710,000-740,000 tonnes for 2016 as it ramps up production at its Antucoya and Centinela Concentrates mines, as well as from its share in Zaldivar mine, which co-owns with Barrick Gold.
Current mining downturn not a ‘normal’ one — Moody’s
The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.
Gold hits 12-week high, on track for best month in a year
Bullion prices are also set for a gradual recovery this year as demand increases in Asia and mine production contracts.
Freeport-McMoRan reports 4Q loss on metals, oil slump
Quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per share, compared with a loss of $2.85 billion, or $2.75 per share, last year.
Vale reopens iron port for at least 60 days
The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important ports.
Samsung launches gold smart watch way cheaper than Apple’s
While Apple's costs $17,000, Samsung's is expected to go for about $520.
Iran goes beyond oil — to sign $5.4bn in mining deals with Italy, France
Iran is opening $29 billion of projects to foreign investors now that sanctions have been lifted.
US estimates federal coal could power nation for 600 years
USGS survey points to 356 billion short tons remain beneath public lands, reinforcing Trump's coal agenda.