Banks bolster metals-trading desks after wild year for markets
Top banks are reinforcing their metals divisions to cash in on the volatility that’s lifted trading profits over the past three years.
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First Majestic drills 19.97 g/t Au over 20.9m near active underground mine area at Jerritt Canyon
The latest results come from the area along the connection drift between the Smith and SSX underground mines.
Saudi Arabia courts Australian miners for $170 billion plan
The kingdom says it’s sitting on top of $1.3 trillion worth of untapped mineral deposits including copper, zinc, phosphates, and gold.
Lead to get more fund investment after joining BBG index
The index looks at five-year averages of exchange liquidity and production data to determine which commodities are included and which weightings are assigned.
Vedanta expects revenue to jump to $50 billion in two years’ time – chairman
Vedanta reported $16.05 billion in revenues in the fiscal year that ended in March.
Debswana posts 37.5% jump in 9-month diamond sales
However, De Beers sees the risk of the market slowing down in the coming months due to a deterioration in global economic conditions.
Newmont’s third-quarter profit misses estimates
The miner said its third-quarter gold production rose to 1.49 million ounces from last year's 1.45 million ounces.
Vale to study implementing ‘mega hubs’ in Middle East countries
Vale is expected to build and operate iron ore concentration and briquetting plants within the hubs.
Germany calls for ‘precautionary’ pause in deep-sea mining
The world's fourth-biggest economy, Germany joins countries including New Zealand and France in calling for seabed mining exploration to stop until further research is done.
