December 11, 2019

Diamond crisis to last another year

The glut that’s depressing the diamond market will last another year, according to industry consultant Bain.

December 11, 2019

Poor market conditions derail Triple Flag IPO

Toronto-based Triple Flag, backed by hedge fund Elliot Management, last month said it aimed to raise C$360 million.

December 11, 2019

When will GDX break out?

A resumption of rate cuts or rising energy prices that trigger an increase in inflation expectations could be the reason for the next move.

December 10, 2019

Metals’ reversals, lower prices and our precious profits

The short-term outlook for the precious metals market looks very bearish.

December 10, 2019

Gold’s been on a tear this year and 2020 may see more reward

BlackRock, the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman and UBS see prices climbing to $1,600 an ounce.

December 10, 2019

Palladium tops $1,900 as South Africa power cuts fuel supply woe

Palladium may “pause at $1,900 given some technical resistance, but overall the price could go higher.”

December 10, 2019

Anglo American cuts output targets for coal, iron ore and diamonds

While bullish on copper, the miner has also cut production guidance for 2020 to between 620,000 and 670,000 tonnes.

December 10, 2019

Madagascar to raise minerals taxes, take 20% stake in mining projects

Mining royalties would rise to 8% from 2% for raw precious stones. Rough industrial stones would attract a 6% royalty rate while cut industrial stones would be taxed at 3%.

December 10, 2019

South African mines grind to halt as floods worsen power crisis

Sector is experiencing the largest power blackouts in more than a decade.

December 10, 2019

Barrick to sell stake in Senegal project to Teranga Gold for up to $430m

Massawa, one of the highest-grade undeveloped open-pit gold reserves in West Africa, is 20 km away from Teranga’s flagship Sabodala mine.