Gold price facing worst week in a month after Fed’s hawkish signal
Despite a slight gain on Friday, gold remains on course for its biggest weekly decline since mid-November.
Latest Stories
Coal price surge won’t stop Idemitsu selling Australian mine stake
The Japan-based firm is in talks with several entities interested in acquiring its 85% stake in the Ensham mine in Queensland.
World’s coal consumption set to breach new record this year
Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time.
Shutting huge copper project shows why miners worry about starting them
Panama’s decision to close a giant copper mine couldn’t come at a worse time for the market.
China’s new iron ore buyer sets off biggest shakeup in years
A new state-owned company called China Mineral Resources Group is poised to become the world’s biggest iron ore buyer as soon as next year.
Namibian rare earth minerals project targets 2026 production
Privately-owned Broadmind Mining says the company had started assessing the economic viability of the Eisenberg deposit.
Nucor, Electra partner to produce carbon-free iron for steelmaking
A new process to refine low-grade iron ores into high-purity iron results in zero carbon dioxide emissions.
Rio Tinto secures direct control of Oyu Tolgoi mine
Rio Tinto now has a 66% direct ownership over the world’s largest known copper and gold deposit, located in Mongolia.
Mining people: Argonaut Gold, Blackrock Silver, Osisko, Teck
Key moves in the mining sector.
