Gold price surge adds $3 billion to three family fortunes
Saudi Arabia’s Mohammed Al Amoudi and Russia’s Alexander Nesis and the family of Suleiman Kerimov have the largest exposure to gold among the world’s wealthiest people.
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Gold price rally helped by ‘fundamental’ shift in asset allocation
The covid-19 pandemic has made bullion's relevance as a hedge even more apparent.
De Beers likely to cut jobs after covid-19 hit
The diamond mining giant employs 20,000 people across its entire business.
Vale eyes mine expansions, Samarco restart
Vale announced it was resuming dividend payments, 18 months after the Brumadinho dam disaster.
Newmont tops profit estimates on gold price surge
Company’s adjusted net income for the June quarter was $261-million, or $0.32 a diluted share, compared with $92-million, or $0.12 a diluted share, in Q2 2019.
AngloGold CEO Dushnisky steps down
Chief Financial Officer Christine Ramon has been appointed interim CEO.
Pilbara Minerals says lithium prices may be near bottom
Lithium has experienced a prolonged price fall due to slowing sales in China.
Gold rally, Chinese demand a boon to Canadian miners
EY says Canada could see a wave of new gold deals and mines built in the coming months on the back of strong bullion prices and improved demand for metals from China.
Conico to acquire Longland Resources’ Greenland projects
The acquisition gives Conico exposure to a dominant license deemed to be highly prospective for precious and base metals
