HSBC reveals it was caught out as lockdowns snarled gold market
In a filing, the bank cited “delivery disruptions in the gold market” as one reason why it breached its value-at-risk limits 12 times in March.
Latest Stories
Africa’s top gold refiner restarts smelter
Rand Refinery will restart the plant this week after a month-long shutdown.
Dwarsrivier shuts after covid-19 case
Production at chrome mine in South Africa was suspended after an employee tested positive for covid-19.
Harmony to issue $200m worth of shares for AngloGold deal
Harmony has also withdrawn its annual production guidance for the financial year.
Blast at Anglo American coal mine in Australia injures five
The incident is the company's second in 15 months in the area.
Barrick cuts 2020 guidance, faces $191m bill in PNG
Dispute with PNG over Porgera mine has done what a pandemic did not — dent the gold miner’s expected output for the year.
Renewables beat coal in the US in April
In a first for any month, renewables generated more electricity than coal every day in April 2020.
Researchers eye intelligent battery management system for better cycle life
Improving cycle life may help reduce the overall cost of green energy storage systems.
Russia questions legality of US-planned moon mining pact
The Kremlin says legal framework for mining on the moon should be examined to make sure it complies with international laws.
