Zambia delays projects to cut debt and woo IMF back to talks
The IMF has warned the southern African nation is at high risk of debt distress, while investors have grown skeptical about the amount of external loans.
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India’s June gold imports drop by a quarter as rupee hits record low
The rupee hit a record low in the last week of June and has lost nearly 8 percent so far in 2018. Local gold prices have risen more than 5 percent.
Chilean miner Mantos Copper seeks buyer to help finance expansion
Mantos Copper bought the Mantos Blancos and Mantoverde copper mines from Anglo for $300 million plus $200 million in conditional future payments.
Copper giant Chile gets ready for second round of labour talks
From the 32 contracts set to expire in 2018 at Chilean mines, there still are more than a dozen to be negotiated before year-end.
Condor Gold a step closer to begin building Nicaragua mine
Shares jumped after the company said it had submitted additional technical studies to environmental and natural resources authority for permitting approval at its La India project.
Metal markets are preparing for a new world disorder
Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy and as countries respond to U.S. tariffs and sanctions, the disarray is set to increase.
Barrick’s Acacia Mining keeps suffering from Tanzania row
Gold production for the three months to June dropped 36% to 133,778 ounces as operations at two its three mines - Bulyanhulu and Buzwagi – were scaled back.
Japan’s Mitsui may raise its stake in Vale — executive
The sale of Vale stakes has been a subject of market speculation since the world's largest iron ore miner moved to a single class of stock in October. Mitsui currently holds a 5.51 percent stake in Vale.
Copper price takes another huge hit
Bears ignore soothing words about US-China trade war dropping copper to near 1-year low in frenzied trade.
