Lundin Group founder Lukas Lundin dies at age 64
The mining entrepreneur died in Geneva at the age of 64, following a two-year battle with brain cancer.
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The Beaufor mine and Beacon mill have produced over 1.1 million oz. of gold since it first opened in the 1930s.
Gold trading kicks off on Nigerian exchange ahead of launch
For the first time the metal will be offered on a bourse in the West African nation.
Elon Musk crafts new master plan before Tesla pulls off the old one
Before readers of Musk’s next plan get their hopes up about all he intends to achieve, this track record suggests cautious optimism is warranted.
China’s hunger for commodities is wavering after years of growth
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Glencore strikes one of Japan’s most expensive ever coal deals
Nippon Steel agreed on an annual supply deal through March with Glencore for power plant coal at $375/t.
Grupo Mexico’s Q2 net profit falls 40.5%, copper production hit by Peru’s protests
Grupo Mexico's second-quarter net profit was $611 million, down from the $1.03 billion from the year-ago period.
Glencore sells Yancoal Australia stake in $293m block trade
The sale comes almost a month after Glencore and other shareholders rejected an offer by China's Yankuang Energy to buy the remaining 37.7% of shares in Yancoal.
Rio Tinto slashes dividend as profits take a hit; shares tumble
Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday.
