What’s behind El Salvador’s massive gold reserves sale?
Analysts are not sure what to make of El Salvador’s recent move that saw its central bank sell about 80% percent of its gold reserves last month.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Greek court hands small, but key victory to Eldorado Gold
It revoked a 2013 ruling blocking the miner's plans to build a key processing plant at is Skouries gold-copper mine in the country's north.
Codelco to send robots inspect equipment at Gabriela Mistral mine
The company, dealing with aging mines, has been leaning on a wide range of new technologies to reduce operating costs and increase efficiencies.
Barrick begins sale of stake in Chile’s Zaldivar copper mine
Chinese companies, private equity firms including Mick Davis’s X2 Resources, and even Teck Resources are rumoured to be among the potential buyers.
Iron ore recovery gives miners breathing space
Prices for the steel-making material added Monday US$1.28 or 2.17% to US$59.09 a tonne, taking its gain since bottoming on April 2 to 25%.
Life coming back to the global exploration sector
After five consecutive months of decline, global mining exploration began showing signs of life in March, particularly in the gold sector, a new report shows.
Mongolia to rescind $100m payment to Khan Resources
The two sides met last week, but failed to reach an agreement on a dispute that has dragged on for six years.
‘Perfect’ 100-carat diamond sold for ‘only’ $22 million
After just three minutes of bidding, the final price was $22,090,000, including the buyer's premium.
Barrick faces fresh opposition to executive pay plan
The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.
Antofagasta’s Los Pelambres mine is safe — Chile’s court
La Serena appeals court unanimously rejected a lawsuit presented by locals, which claimed the massive tailing dam had dried up a nearby stream and contaminated underground water.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
