Dollar and gold falters as Trump hits fed, stocks drop: markets wrap
The dollar erases most of its gains and treasuries strengthened after President Donald Trump criticized the Federal Reserve for raising interest rates.
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Australia’s South32 beats annual coking coal output guidance
Australian miner South32 Ltd beat its coking coal output guidance for fiscal 2018.
Bacanora Lithium changes its mind on how to fund flagship Sonora mine
It has decided not to go ahead with a proposed $100-million share sale to help it fund the Mexican project.
Equinox sells Koricancha mill in Peru to Inca Gold in $12.4 million-deal
Koricancha is located about 50km from Inca One’s own processing facility and the potential to produce 50,000 to 75,000 ounces of gold a year.
Copper tumbles below $6,000 as China sends metals into freefall
Copper crashed through $6,000 a metric ton for the first time in a year and is headed for its biggest monthly drop since 2015.
Tariffs lay bare Washington’s rare earths dilemma
Yttrium is just one a host critical minerals on the list of Chinese imports targeted for the next escalation of the simmering trade war between the two countries.
Paulson & Co to ask Detour Gold for special meeting for board overhaul
Paulson & Co has threatened to replace Detour's board if it does not successfully explore strategic alternatives, including a sale, and look for a new chief executive.
De Beers buys Canada’s Peregrine Diamonds for $81 million
Canadian firm is the sole owner of the Chidliak diamond project in Nunavut.
Miners wrote off almost one-third of investments over last decade
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
