Here is why Venezuela traded 1.4 million ounces of its gold reserves to Citi
The nation signed a complex deal with Citibank to swap $1 billion in cash for about 1.4 million ounces of its gold reserves.
Cecilia Jamasmie , Editor-in-Chief
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Kyrgyzstan names new PM to settle issue with Centerra over Kumtor mine
Temir Sariyev, a 51-year-old economist, said before Thursday's vote in parliament that resolving the Kumtor issue would be among his priorities.
Vale falls victim of the iron ore slump, posts $3.2bn loss
Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.
Zimbabwe eliminates tax on diamond sales, for now
The measure aims to stimulate production and attract investment in the sector, amid low international prices for the coveted gems.
Goldcorp posts loss on lower margins, higher tax
The company's stock is being ripped apart on both, the New York and the Toronto Stock Exchanges as a result.
Climate change advocates will fail to cut coal consumption: Glencore
Chief executive Ivan Glasenberg said growing demand for cheap energy will secure demand for coal.
Vale, China in talks to build 50 giant bulk carriers — report
The order would be the largest in history for Vale's giant ships, known as Valemaxes, which can carry up to 400,000 deadweight tons.
Cliffs US sales beat estimates, turns a profit in Q1
But the miner revised down its 2015 U.S. iron ore sales and production volume estimate to 20.5 million tons, from its previous guidance for 22 million tons
Antofagasta cuts copper output forecast over rain, protests in Chile
Torrential rain in Chile's desert region and environmental protests dented first-quarter output, forcing the miner cut its annual production forecast.
Majority of Barrick’s shareholders rejects compensation plan
As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.
Hochschild keeps output target despite higher costs
A stronger Q2 production offset rising costs, with shares gaining and key projects advancing.