MINING PEOPLE: Augusta Gold, Bluestone, Roscan, Surge Battery Minerals
Key moves in the mining sector.
Latest Stories
Gold miner valuations low (2)
Gold stocks remain undervalued, relative to both their underlying profits and prevailing gold prices.
Copper price heads for biggest weekly gain in two months
Goldman Sachs this week raised its 12-month target for copper to $11,000 a tonne, while Citi recommended clients take on bullish copper exposure over the next few weeks.
Will rates rally further, pushing gold down?
The recent rally in the bond yields pushed gold prices down, but this trend won’t continue forever, as the Fed will likely be forced to step in.
Iron ore price hits 10-year high on rising steel demand
Goldman Sachs see prices falling back to $110 a tonne by the fourth quarter.
Gold price closing in on best week since December
After weeks of trading in a narrow range, gold has now advanced by 2.3% since Thursday on falling Treasuries yields and a weaker dollar.
China opens its borders to billions of dollars of gold imports
About 150 tonnes of gold worth $8.5 billion at current prices is likely to be shipped following the green light from Beijing.
As Sanjeev Gupta rose from trader to tycoon, several banks backed away
Four banks dropped Liberty’s commodity trading business after alleged paperwork problems in metal trades.
Fortescue reaches 1.5 billion tonnes shipped from Pilbara
The company achieved the milestone less than three years after it shipped its billionth tonne from Herb Elliott Port in Port Hedland.
