Scotiabank pulls plug on sale of metals business
The bulk of ScotiaMocatta's business is in precious metals and it is one of five banks that clear bullion in London's $5 trillion a year gold market.
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Zambia to start forcing miners to move 30% of minerals by rail
Country's Chamber of Mines says rail system is not ready to handle that amount of cargo, adding that the potential impact on the mining industry has not been properly considered.
Fresnillo tanks as 2017 profit misses expectations, says costs to rise
The Mexico-focused precious metals miner expects cost inflation this year to be about 7%, compared with the 6.4% it faced in 2017.
South Korea’s POSCO buys stake in Aussie lithium producer, signs supply deal
South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.
Venezuelan government defends Mining Arc, environmentalists say it’s not working
Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.
Miners report some infrastructure damage after Papua quake
Barrick Gold Corp said a power station that supplies its Porgera gold mine had been damaged, while Ok Tedi Mining Ltd said a landslip had blocked a road and damaged pipelines to its copper and gold mine in the Star Mountains.
Fatal accident at Caledonia’s gold mine in Zimbabwe
An accident took place in the Blanket Quartz Reef area of the mine.
Iron ore price jumps to 10-month high
China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended.
Investor alert: gold and the global ticking debt bomb
Since its recent high of $1,370 an ounce at the end of January, the price of gold has shaved off about $40 as Treasury yields continue to head north.
