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.

December 9, 2019

China iron ore surges to over 4-month high amid supply uncertainty, demand hopes

Demand prospects for construction steel products and steelmaking raw materials were improved.

December 9, 2019

Copper price rally builds on all-time high China imports

Copper price hits 20-week high as Chinese concentrate imports surge and stockpiles in the country drop to six year low.

December 9, 2019

Lion One secures C$11.5 million financing, stock up

Shares of Lion One jumped more than 9% to a four-week high.

December 9, 2019

Petra Diamonds halts all mines in South Africa due to power issues

Production, hoisting and processing have stopped immediately at Cullinan, Finsch and Koffiefontein mines.