Glencore posts $2.6 billion loss, scraps dividend
The miner and commodities trader will focus on debt reduction.
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Albemarle’s quarterly profit drops 45% as lithium sales slow
Sales dropped across all its divisions.
Peabody biggest loss follows writedown of top US coal mine
The largest US coal producer took a $1.42 billion impairment charge on the North Antelope Rochelle mine in Wyoming.
Torex produces 59,508 oz. in Q2, updates 2020 guidance
The company expects to produce 390,000 oz. to 420,000 oz. of gold this year.
Victoria repays $10 million of secured credit facility
Company made a $10 million early unscheduled repayment of interest and principal towards its $100 million senior secured credit facility.
Metso Outotec acquires Davies Wear Plate Systems
Newly formed Metso Outotec has closed the acquisition of the Australia-based fastener and wear monitoring technology provider.
South Africa’s diamond polishers look to lockdown lovers to add shine
South African firm Nungu Diamonds said its custom-made jewellery sales have grown 60% since country imposed a strict lockdown.
INTERVIEW – John Reade, Chief Market Strategist, WGC
From an investment perspective, the North American market and Europe have been particularly active.
Premier Gold Mines considering US spin-out
The spin-out would be a US-based public company holding the South Arturo and McCoy-Cove properties.
