Gold price heads for weekly drop as Fed officials reiterate rate hikes
Bullion dropped to a three-week low as the dollar and Treasury yields strengthened, bringing the precious metal’s weekly loss to 2.9%.
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OceanaGold closer to finalizing permits for Haile underground mine in South Carolina
The underground development could boost Haile's gold production by up to 100,000 oz. a year.
Copper price rises despite global economic pessimism
Inflation data in Germany and Japan and statements from European and US central bankers suggest that rapid, economically damaging interest rate rises will continue.
China power curbs shutter 500,000t of zinc smelting capacity
All zinc smelters in Sichuan halted production early this week, and a small smelter based in neighbouring Hunan province also stopped operations.
Indonesia may impose nickel export tax this year, President Jokowi says
He also confirmed in an interview that Indonesia would impose a carbon tax before the end of the year.
The big money Musk sees in lithium is getting harder to make
Shrinking profit margins suggest the mining end of the business might still be a better bet.
ERG halts iron ore supply to Russia’s MMK due to sanctions
The United States included MMK in its latest round of sanctions this month.
Road blockades remain around Zijin’s Colombia project
The blockades were set up around the gold mine in Buritica municipality on Aug. 12 to demand a rescue mission to find informal miners.
FLSmidth raises 2022 sales outlook
Company will suspend new business in Russia and Belarus and wind down activities in those countries.