Gold hit by Fed’s Powell comments on rate hikes
Gold futures for August delivery declined for the third day Tuesday, hitting $1,177.30 an ounce in early trading on the Comex in New York.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Chile may revoke Teck’s copper mine permit over environmental breaches
Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.
Australia’s Paladin Energy gets historic ok to run uranium mine in Canada
Until now Canadian companies needed to have at least 51% stake in any uranium project.
Firestone Diamonds delays Lesotho mine launch
Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.
Kameron Collieries closer to reopen massive coal mine in Canada’s Nova Scotia
In recent months the mine has been pumped out and now the company is working on fixing existing power lines and bringing equipment to the site.
Uralkali may delist before year-end ahead of imminent merger — report
The world's largest potash miner is said to be mulling a merger with Uralchem, one of its main shareholders.
US regulator drops probe on Gold Fields’ South Deep BEE deal
The probe focused on a 2010 deal through which the company gave a 9% of its South Deep mine to a group of black investors in order to meet government’s regulations aimed to boost black ownership.
Zijin goes after Aussie gold miner in overseas buying spree
The Chinese firm already mines gold next door to a Phoenix deposit.
Congo mulls suspending Ivanhoe’s Kamoa stake sale to Zijin
It also plans to review the legal status of the joint venture, while it negotiates with Ivanhoe to raise its stake to 20% from the current 5% it holds.
Goldcorp sells off 26% stake in Tahoe to raise cash
The news came on the same day Royal Bank of Canada downgraded Goldcorp’s stock to “sector perform” from “outperform,” citing concerns over the miner’s ability to continue paying its monthly dividend.
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.