Gold stays near two-week low on US jobs data, public holiday
The precious metal price remained rooted in a very narrow range as trading volumes were limited Monday, a public holiday in the US and Canada.
Cecilia Jamasmie , Editor-in-Chief
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‘Nazi gold train’ allegedly found in Poland
Experts are warning the finding might be just an hoax.
Glencore fights back — to slash debt by $10bn, halt copper mines in Africa
Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.
Canada’s Nevsun denies claims of human rights abuses at Eritrea mine
The Vancouver-based miner has released an independent report that found no evidence of forced labour or human rights violations at its Eritrean gold and copper operation.
Glencore’s just had one of its worst weeks ever — shares down 22 pct
The company, already the worst performer in the FTSE 100 index in 2015, has lost almost 60% of its value since the beginning of the year.
Canada’s Supreme Court lets Ecuador villagers sue Chevron for $9.5bn
The decision could set a precedent for similar cases involving mining companies around the world.
Vedanta forces 133 of its Zambian workers to take paid leave
Konkola Copper Mines, owned by Vedanta, said the move was a result of poor metal prices, which has hit the global copper industry very hard.
Tahoe’s operations in Guatemala not affected by President’s resignation
The Canadian firm said its Escobal mine remains unaffected by the ongoing political turmoil in the country, which has forced President Otto Perez to resign amid a corruption scandal that gutted his government.
Sibanye confirms talks with Anglo over platinum mines for sale
This the first time in over 15 months that Sibanye officially confirms its interest in Amplats’ Rustenburg assets.
Codelco $7.5 billion Andina mine expansion plan to take about two years
The project is considered key for Codelco, as it is the only one that will allow the state-owned miner to increase production in the coming years.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.